Tagged: brad garlinghouse

Ripple Prepares Motion to Dismiss in Lawsuit by SEC Pertaining to XRP

Ripple is preparing to file a motion to dismiss in its ongoing legal battle with the Securities and Exchange Commission (SEC). Last December, it was reported that the SEC had filed a complaint charging Ripple with the sale of an unregistered security. Included in the… Read More

Former SEC Chair Mary Jo White, who’s Now Representing Ripple in SEC Lawsuit, Shares Views on XRP Sale and Court Case

When the US Securities and Exchange Commission (SEC) filed a lawsuit against blockchain-focused Fintech firm Ripple Labs in December 2020, the crypto industry and larger community had reacted with alarm and many were surprised. The SEC’s lawsuit also led to Ripple hiring high-profile legal experts… Read More

US SEC was Reportedly Warned that Investors May Lose Billions due to Enforcement Action Against Ripple, Legal Expert Claims

John E. Deaton, a lawyer focused on the blockchain and cryptocurrency sector (and other societal/legal issues), notes that the US Securities and Exchange Commission (SEC) was warned that investors could potentially lose billions, considering “the magnitude of an SEC enforcement action” against Ripple’s XRP, which… Read More

MoneyGram Claims it Doesn’t Use Ripple’s ODL Platform or RippleNet, while Galaxy Digital, Jump Trading, Simplex Stop Supporting XRP

MoneyGram International, Inc. (NASDAQ: MGI), a major cross-border P2P payments and money transfers service, has issued a statement after a lawsuit was filed by the US Securities and Exchange Commission (SEC) against Ripple Labs Inc. MoneyGram stated that it had not “been notified or been… Read More

Crypto Industry Insiders Comment on SEC Complaint Against Ripple Alleging Sale of Unregistered Securities in XRP Distributions

The Securities and Exchange Commission’s (SEC) lawsuit against Ripple is the largest enforcement action attacking the sale of a cryptocurrency to date. The SEC alleges the sale of an unregistered security in the issuance of XRP, Ripple’s native token. Ripple has been quick to defend… Read More

Ripple Targeted in SEC Enforcement Action

Ripple, the creator of XRP the third-largest crypto by market cap of over $22 billion, is the target of a Securities and Exchange Commission (SEC) enforcement action. Rumors have been circulating for some time now that Ripple had received a Wells Notice – an indication… Read More

American Fintech Ripple Might Leave US and Establish Headquarters in Other Countries due to Lack of Regulatory Clarity in the US

San Francisco-based Fintech firm Ripple might consider moving its business operations to another country if US financial regulations remain unclear. Ripple has narrowed down its choices to five high-potential markets where it may establish its new headquarters. They include the UK, Switzerland, the United Arab… Read More

Ripple Donates $200,000 to Tipping Point Emergency Response Fund and Silicon Valley Community Foundation’s COVID-19 Regional Response Fund

San Francisco-based Fintech Ripple has announced that it will be donating $200,000 to two different non-profit entities. The donations have been made to help combat and prevent the further spread of the deadly and highly contagious coronavirus (COVID-19). There are now over 532,000 reported coronavirus… Read More

San Francisco-based Fintech Ripple’s CEO Brad Garlinghouse Indicates Firm Might Launch IPO

Brad Garlinghouse, CEO at privately-held Fintech firm Ripple, recently indicated that the San Francisco-based startup might launch an initial public offering (IPO) within the next year. While attending the World Economic Forum (WEF) in Davos, Switzerland, Garlinghouse reportedly told the Wall Street Journal (on January… Read More

Ripple’s Repeated Citing of 6% Error Rate on SWIFT is Erroneous, Researcher Claims

Martin Walker, director of banking and finance at the Center for Evidence-Based Management, says Ripple officials’ repeated claims that SWIFT has a a 6% error rate are false. “In May 2019, Brad Garlinghouse, CEO of a San Francisco based (but Delaware registered) fintech firm called… Read More

Swift Says Its New GPI System Outperforming Ripple

Bitcoin advocates and companies like Ripple have long been critical of slow and expensive cross-border money transfer services provided by banks and other traditional firms. Ripple’s CEO Brad Garlinghouse presides over a vast sum of publicly-tradable XRP crypto tokens which the company has used to… Read More

“XRP Army” Threatens Critic and Family Over Claims Ripple Inflates Market Cap Numbers

Ryan Selkis, CEO of cryptocurrency data analysis firm Messari, claimed on Twitter Thursday that he has received three threatening phone calls from disgruntled “Ripple” (XRP) investors angry about a recent report Messari published claiming Ripple inflates its market cap figures. Selkis later tweeted that he… Read More

XRP on GBX-DAX: Gibraltar Blockchain Exchange Founder Nick Cowan & Ripple CEO Brad Garlinghouse Comment

The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, has added Ripple (XRP) to its Digital Asset Exchange (GBX-DAX), an exchange created with the high expectations of professional crypto-traders in mind. “Ripple is a major player within… Read More

CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

CIMB Group (CIMB or the Group), ASEAN’s fifth largest bank, announced last week it has joined forces with Ripple to enable instant cross-border payments across its markets. The duo reported that through this new partnership CIMB will join RippleNet and connect with other Ripple customers, which reportedly has more than… Read More

Mercury FX & IDT Sign Up for Ripple’s XRP Program

Earlier this week, fintech firm Ripple announced Mercury FX and IDT will now use xRapid to settle retail remittances and corporate transactions quickly. Both companies reportedly join MoneyGram and Cuallix, who will use XRP in their payment flows, to enable on-demand liquidity for global payments. The company revealed: “IDT and MercuryFX both have… Read More

Ripple’s CEO Brad Garlinghouse Discusses the Fintech Company’s Blockchain Technology Bet

Ready to share Ripple’s insight on the blockchain industry, CEO of Ripple, Brad Garlinghouse sat down with Bloomberg’s Cory Johnson to discuss the San Francisco-based fintech company’s bet on cryptocurrency’s technology. Founded in 2012, Ripple notably provides global financial settlement solutions to enable the world… Read More

American Express Launches Blockchain-Enabled Cross-Border Business-to-Business Payment Services Using Ripple Technology

On Thursday, American Express (NYSE: AXP) announced the introduction of blockchain-enabled, business-to-business cross-border payments. The American Express FX International Payments (FXIP) business is working with fintech startup Ripple to reduce the time and cost of the settlement while maintaining the level of security that American… Read More

Ripple Reveals: Blockchain Network Is Now More Than 100 Strong

San Francisco-based fintech Ripple announced on Tuesday more than 100 financial institutions have joined its blockchain network, RippleNet. This news comes less than a month after the company opened its new Singapore office. Speaking about the blockchain network’s milestone, Ripple’s CEO Brad Garlinghouse, stated: “Global payments are undeniably going… Read More

Ripple Appoints Brad Garlinghouse As New CEO

San Francisco fintech company, Ripple, announced on Tuesday it has appointed president and chief operating officer, Brad Garlinghouse, as its new CEO. Former CEO, Chris Larsen will be stepped down from the role to become executive chairman of the company’s board of director. Ripple reports… Read More

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