Tagged: ripple

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

Ripple Set to Open New Office in Dubai By the End of 2018

Ripple has reportedly announced it is set to open a new office in Dubai by the end of 2018. According to CCN, the company’s Global Infrastructure Innovation Head, Dilip Rao, indicated at the 2018 Global Islamic Economic Summit that it will be focused on cross-border payments… Read More

Australian Woman Arrested for Allegedly Hacking 100 000 Ripple from Investor

Cybercrime detectives have stormed a house in Sydney, Australia and arrested a 23-year-old woman they believe hacked 100 000 Ripple (XRP) tokens from a 56-year-old man, Brisbane Times (BT) rep The woman’s parents also reside in the house. The alleged hack took place last January, when 100… Read More

UK Electronic E-Money Institution Moneynetint Completes Integration Phase With Ripple

Moneynetint, a UK-based electronic e-money institution which provides cross-border money transfers and currency exchange for corporate clients around the globe, announced on Wednesday it has completed the integration phase with Ripple. Founded in 2005, Moneynetint notably provides money transfer service for Forex Traders and Brokers… Read More

Ripple Launches New Social Impact Program “Ripple For Good”

Ripple announced on Thursday the launch of its new social impact program, Ripple for Good. According to Ripple, Ripple for Good will focus on projects related to education and financial inclusion. The company reported that along with the recent donations, that has totaled to more… Read More

Industry Advocates in Washington, DC This Week to Consult on Cryptocurrency Legislation

Warren Davidson

Representatives from Wall Street and prominent US crypto investment/services firms are convening in Washington this week to attend a legislative roundtable hosted by Republican Representative Warren Davidson of Ohio, CNBC reports. Attendees at the roundtable, titled “Legislating Certainty for Cryptocurrencies,” are reportedly hoping to influence… Read More

Ripple Update: National Commercial Bank of Saudi Arabia Has Joined RippleNet; Currency Exchange Also Moves into Japan

On Thursday, Ripple announced the National Commerical Bank (NCB) of Saudi Arabia has joined RippleNet. According to Ripple, NCB was the first bank established in the country and, as of today, it is one of the largest financial institutions in the Middle East with more than… Read More

Ripple’s General Counsel Departs in Midst of Lawsuits

The lawyer Brynly Llyr will be leaving her post as Lead Counsel at remittance company Ripple, a Ripple spokesperson has confirmed to Quartz: “We’re grateful for all that she did to help build an incredible team…(and) wish Brynly all the best in her next endeavor…(T)he… Read More

Thai Central Bank Trialing R3 Distributed Ledger Among Mixed Reports of Enterprise DLT Performance, May Issue CBDC

Thailand’s central bank, the Bank of Thailand (BOT), has announced it is trialing a version of R3’s distributed ledger system, Corda, as a means of making wholesale funds transfers more efficient. R3’s distributed ledger will also be used by the BOT to issue a wholesale Central… Read More

How Poor Treasury Management is Killing ETH

2017 was a landmark year for crowdfunding. The JOBS Act passage coincided with blockchain, opened the door for a record in capital raised through ICOs (initial coin offerings) for early stage companies as well as Wantrepreneurs with an idea and a whitepaper.  ICOs were launched… Read More

Ripple Announces Three New Exchange Partners to xRapid

On Thursday, Ripple announced it has added three new exchange partners to its cross-border payments product, xRapid. According to Ripple, xRapid is powered by XRP and the partners allow xRapid payments to move from one currency (into XRP) and back into another currency quickly and efficiently. The exchanges added… Read More

Class Action Claiming Ripple Sold Unregistered Securities Will Be Tried in US Federal Court

A motion by plaintiffs in a class action suit against Ripple Labs to keep the case in California courts was denied this week by a judge. The case will now move to federal court. Lawyers for class action plaintiff Ryan Coffey filed the suit against… Read More

Ripple Announces New Appointments to Leadership Team

Ripple announced on Wednesday two new appointments to its leadership team. The company reported that David Schwartz, who previously served as Ripple’s chief cryptographer, has been appointed to CTO while Kahina Van Dyke has joined Ripple as Senior Vice President of Business and Corporate Development. According… Read More

Ripple Admits Its Expedited Banking Network, xRapid, “Hasn’t Gotten There Yet”

For several weeks, the CEO of Ripple, Brad Garlinghouse, has been publicly calling out Bitcoin. The Ripple vs. Bitcoin rivalry goes all the way back to 2012, when Ripple’s founders developed the company’s services specifically to service the banks and cross-border remittance firms Bitcoin was… Read More

Swarm Announces Launch Of Secondary Market for Robinhood, Ripple, and Didi

Swarm, a blockchain for private equity platform, announced on Wednesday the launch of tokens representing equity in individual tech companies, allowing Swarm investors to purchase security tokens representing fractional shares in private companies. According to Swarm, the secondaries, which are sourced through partners who acquire equity… Read More

On Again, Off Again Blockchain Firm R3 Running Out of Money, Former Staff Claim

Enterprise blockchain developer R3 is running out of money, sources to Fortune magazine say.   R3 began as a startup in 2014, and tasked itself with creating blockchain products for banks and finance firms. It is considered to be one of Ripple’s main competitors. Blockchain… Read More

SEC Trading and Markets Director: Self-Reporting by ICOs “Underwhelming”-Decision Coming

Brett Redfearn, the Director of the Division of Trading and Markets at the SEC has criticized crypto producers and exchanges for failing to voluntarily register and report their activities to the SEC. “We’re underwhelmed by the enthusiasm for coming within the regulatory structure right now,”… Read More

SharesPost Appoints Senior Ripple Veteran Vijay Chetty As New Vice President of Business Development

SharesPost, a provider of late-stage private company liquidity solutions and private capital markets research, announced on Friday it has appointed Vijay Chetty as its new Vice President of Business Development. SharesPost reported that before he joined its team, Chetty spent more than three years focusing… Read More

Ripple CTO Leaves Company, Resurrects Smart Contract Protocol, Dumps the Blockchain

Ripple CTO Stefan Thomas has left the building and has taken with him a model for smart contracts shelved by the company in 2015. Thomas’s new venture, Coil, claims to have made smart contracts- literally, computer code-based contracts that can execute automatically when fed required… Read More

Ripple Hires Big Guns: Former SEC Chair Mary Jo White and Former SEC Enforcement Director Andrew Ceresney to Defend Unregistered Securities Claim in Sale of XRP

How times have changed. Ripple Labs, creators of the third largest cryptocurrency (CRP) by market cap following only Bitcoin and Ethereum, have hired two well known big legal guns to defend their case in the California Courts. Ripple has hired former SEC Chair Mary Jo… Read More

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