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The Ripple SEC case has been one of the high-profile and long-running legal battles in the crypto sector. In the latest development, the US SEC has filed for a Notice of Appeal in the ongoing battle, just ahead of the deadline, indicating an extended period for the legal battle to be over.
The SEC has officially appealed its case against Ripple following a historical ruling on Aug. 7, in which Ripple was ordered to pay a $125 million civil penalty, although the regulator was asking for $2 billion. The motive is that the district court's decision goes against long-standing Supreme Court precedents and established securities laws.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
The cryptocurrency market exhibits a bearish stance, with the Fear & Greed Index signaling fear at 36 as Bitcoin threatens potential declines beneath $60,000. Meanwhile, various developments attracted the attention of crypto enthusiasts as bears flexed their muscles over the past day.
Ripple has partnered with Mercado Bitcoin, the largest crypto exchange in Latin America, to enhance cross-border payments in Brazil using its end-to-end payments solution that leverages blockchain technology, per an Oct. 3 statement. Mercado Bitcoin will be the first client in Brazil to adopt Ripple's payment system to streamline treasury operations between Brazil and Portugal.
The SEC has officially submitted an appeal against Ripple to the U.S. Court of Appeals for the Second Circuit, challenging the August 7, 2024 ruling. Ripple CEO Brad Garlinghouse criticized the SEC for harming its credibility and prolonging the battle instead of protecting investors.
Cowboy Crypto, in a latest X post, has shared a little review of SEC officials who are involved in the SEC vs Ripple case. He has asked to pay attention to all the Congressmen/Congresswomen who have not said a word about this appeal of government overreach and blatant corruption.
The Bitwise XRP ETF filing has gone live on the US Securities and Exchange Commission (SEC) website. This application, which is a first of its kind, will offer institutional investors an avenue to gain exposure to XRP if approved.
Hold your horses, the battle between the Securities and Exchange Commission and Ripple isn't quite over yet.
Ripple and Mercado Bitcoin launch a new payment system in Brazil, enhancing cross-border transactions and simplifying currency exchanges. The post Ripple and Mercado Bitcoin initiate cross-border payment service in Brazil appeared first on Crypto Briefing.
Peter Brandt, one of the most highly reputed commodity traders, has predicted that the price of the Ripple-affiliated XRP cryptocurrency is going to plunge to zero against Bitcoin.
After a major setback, the blockchain payments network Ripple teamed up with Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America to launch cross-border payment using cryptocurrency. The main objective of this significant development is to enable Brazil to utilize Ripple's end-to-end payment solution.
Most of the coins remain under sellers' pressure, according to CoinMarketCap.
Ripple has partnered with Mercado Bitcoin to introduce Ripple Payments to enhance their funding operations with Portugal.
XRP, the native token of Ripple, experienced a significant decline of over 12% on Thursday, dropping to 51 cents per coin, following the US Securities and Exchange Commission's (SEC) announcement to appeal a pivotal court ruling.
Ripple, a leading digital asset infrastructure provider, has partnered with Brazil's largest crypto exchange, Mercado Bitcoin, cracking the newest possible blockade by the US Government. The SEC, on October 2, filed a notice of appeal in the lawsuit with an aim to reverse a decision rendered by Judge Analisa Torres.
Ripple will launch crypto-based payments across Brazil. The announcement was made on the company's website on October 3rd.
Ripple has announced that its payments solution is now available in Brazil, which follows digital asset infrastructure provider's partnership with crypto exchange Mercado Bitcoin. According to a Ripple announcement on Oct.
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The U.S. Securities and Exchange Commission (SEC) ‘s 7-year-long case against Ripple could drag on after the agency filed a notice of appeal against Judge Analisa Torres' August ruling in the landmark XRP lawsuit.
While the crisis in the Middle East might be the primary reason behind the current Bitcoin (BTC) and general market slip, XRP's drawdown was compounded by the latest U.S. SEC move. The market regulator stunned the community on Oct. 2 when it filed a Notice of Appeal to contest XRP's sale status.
Blockchain firm Ripple said it's prepared to continue its legal battle against the Securities and Exchange Commission. Ripple CEO Brad Garlinghouse made the pronouncement on social platform X Wednesday evening (Oct. 2), hours after the SEC said it was appealing a ruling in its case against the company.
Web3 interoperability platform Axelar has launched the Mobius Development Stack (MDS) on its mainnet, describing it as “the first-and-only holistic interoperability platform.”
