Ripple Labs Acquires Standard Custody in Recent Deal
on June 11 Ripple Labs has concluded its acquisition of Standard Custody, a digital asset custodian in line with attaining its objectives of real-world asset tokenization. The agreement includes the appointment of Jack McDonald, the CEO of Standard Custody, as Ripple’s senior vice president of stablecoins. McDonald will continue to serve as the CEO of […]
Ripple Acquires Standard Custody to Enhance Stablecoin Strategy
Ripple has officially completed its acquisition of Standard Custody & Trust Company, and this new action is expected to enhance the blockchain company’s efforts to establish a USD stablecoin. Ripple, a prominent blockchain payments company, has announced the successful completion of its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian. However, […]
XRP Whale Shifts 51M Coins Amid Ripple’s US SEC Reply Letter
Amid recent legal developments in the XRP case, a whale was recorded moving almost 51 million coins to CEXs. XRP’s price fluctuated considerably. The legal battle between Ripple and the U.S. SEC has taken another intriguing turn, attracting significant attention from the XRP crypto community. Following the recent opposition from the U.S. SEC to Ripple’s motion to seal critical […]
Bitstamp Receives 27.7 million XRP Token Transfer from Ripple Labs
Recently, Bitstamp received a significant transfer of Ripple Labs’ cryptocurrency, totaling 27.7 million XRP, or around $14.4 million. According to Whale Alert data, the transfer came from a wallet that was not immediately identified. However, a deeper investigation by Bithomb Explorer revealed that the wallet is connected to Ripple Labs and has a transaction history […]
Ripple Buys Back $285M Stake from Early Investors, Shuns IPO
Ripple, the company behind XRP, has announced a $285 million stake buyback from its early investors and employees as part of a $500 million strategy to restructure its finances and avoid an IPO. Ripple Labs Inc., the company that operates the XRP ledger and provides cross-border payment solutions, has revealed its plans to buy back […]