Ripple | ForkLog

ForkLog 9 28.02.2024

Investors Renew Class Action Lawsuit Against Ripple

Another lawsuit has been filed against fintech company Ripple and its CEO, Brad Garlinghouse, over alleged violations of securities laws. This class action complaint continues a legal initiative started by investors back in January 2020. In a statement submitted to the Northern District of California court, the plaintiffs request recognition of violations of federal and […]

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ForkLog 26 23.02.2024

Ripple CTO Reveals Origins of XRP’s Name

Ripple’s Chief Technology Officer, David Schwartz, has shared the story behind the naming of the native token of the XRP Ledger (XRP). David Schwartz explains why the currency was named ” $XRP”. X: Not issued by any countryRP: ”Ripples”= $XRP pic.twitter.com/kOenrcKEGp — EDO FARINA ? XRP (@edward_farina) February 23, 2024 He initially explained the process […]

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ForkLog 88 21.02.2024

Ripple CEO Dispels Rumours About XRP-ETF

Ripple “welcomes” the emergence of exchange-traded funds (ETFs) based on XRP, but has yet to disclose specific plans, stated the company’s CEO, Brad Garlinghouse, in an interview with Bloomberg. When asked about negotiations with asset manager BlackRock regarding the issuance of an ETF, the head of the firm responded: “I will not comment on that. […]

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ForkLog 16 09.02.2024

Ripple CTO Criticizes ‘Robin Hood’ Token Concept

The concept of issuing ‘Robin Hood’ tokens based on the community-approved XLS-39 amendment is not without its flaws, according to Ripple’s Chief Technology Officer, David Schwartz. I *love* that idea. — David “JoelKatz” Schwartz (@JoelKatz) February 9, 2024 The Ripple CTO expressed his “love” for the idea. This was his reaction to the concept of […]

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ForkLog 13 09.02.2024

Ripple Predicts Significant Shifts in Cryptocurrency Market Structure

The year 2024 is anticipated to be a period of potential large-scale changes in the cryptocurrency market structure, driven by institutional demand, according to Ripple’s quarterly report. Our latest XRP Markets Report is live — detailing Q4 events in crypto that brought important topics such as compliance and anti-money laundering to the forefront, key regulatory […]

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ForkLog 13 06.02.2024

Court Orders Ripple to Disclose Financial Documents to SEC

A US District Judge has granted the SEC‘s motion to compel Ripple to provide information on its financial performance and institutional sales of XRP, as reported by The Block. In December 2020, the Commission filed a lawsuit against the company, accusing it of selling unregistered securities in the form of XRP, amounting to approximately $1.3 […]

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ForkLog 12 02.02.2024

Binance Freezes $4.2 Million in Stolen XRP from Ripple Co-Founder

Cryptocurrency exchange Binance has frozen $4.2 million in XRP tokens linked to the hacking of Ripple co-founder Chris Larsen’s personal wallet. After finding out early on about the exploit that occurred at @Ripple, we’re happy to say that the #Binance team has managed to freeze $4.2 Million worth of $XRP stolen by the exploiter. We […]

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ForkLog 11 31.01.2024

Ripple Suspected of Losing $112 Million in Hack

The blockchain project Ripple has likely been hacked for 213 million XRP (approximately $106.6 million at the time of writing), according to on-chain researcher ZachXBT. It appears @Ripple was hacked for ~213M XRP ($112.5M) Source addressrJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm So far the stolen funds have been laundered through MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, etc pic.twitter.com/HKGYsLQeMv — […]

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ForkLog 14 17.01.2024

Ripple CEO Rules Out IPO Amid ‘Hostile’ SEC Environment

Ripple had considered going public outside the United States due to the “hostile” stance of the SEC, but has postponed these plans. This was stated by the fintech company’s CEO, Brad Garlinghouse, in Davos. LFG! 2024 is going to be big. https://t.co/3CcCQNo4D9 — Brad Garlinghouse (@bgarlinghouse) January 16, 2024 “Trying to go for an IPO […]

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ForkLog 19 15.01.2024

Failed Exploit Attempt on Bitfinex Involving $15 Billion in XRP

A purported XRP transaction worth nearly $15 billion from an unknown wallet to Bitfinex was part of a failed attempt to exploit partial payments. This was stated by the exchange’s CTO, Paolo Ardoino. Someone attempted to attack @bitfinex via “Partial Payments Exploit”.Attack failed since Bitfinex properly handles ‘delivered_amount’ data field.https://t.co/EiGw9UQmmq (updated with better gif) https://t.co/8I7vlO05ou […]

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ForkLog 6 12.01.2024

Unresolved Issues: FTX Creditors’ Complaints and Ripple Case Resurgence

In 2024, the upheavals of past years in the cryptocurrency market continue to make their presence felt. Recently, creditors of the collapsed FTX deemed the compensation amounts “unfair,” while the SEC once again attempted to revive the Ripple case. A Flawed Plan FTX creditor activist Sunil Kavuri reported that he and lawyers from the firm […]

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ForkLog 32 11.01.2024

Ripple to Repurchase Shares Valuing Company at $11.3 Billion

Ripple will allocate $285 million to buy back its shares from early investors, valuing the fintech company at $11.3 billion, according to sources cited by Reuters. Under the offer, investors can sell up to 6% of their holdings. Ripple stated it will spend $500 million on the entire program, including costs for converting restricted securities […]

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