Pantera Capital and Arrington XRP Capital Back DeFi Project Unbound in $5.8 Million Round
The digital-asset managers at Pantera Capital and Arrington XRP Capital led the funding round for the DeFi project Unbound Finance worth $5.8 million.
Pantera Capital and Arrington XRP Capital Back DeFi Project Unbound in $5.8 Million Round
The digital-asset managers at Pantera Capital and Arrington XRP Capital led the funding round for the DeFi project Unbound Finance worth $5.8 million.
Ripple’s CTO proposed launching a sidechain based on XRP
Ripple's chief technology officer, David Schwartz, published a proposal to launch federated sidechains based on the XRP Ledger. The solution will enable smart contracts and the creation of decentralised applications using the network's native token. Today I introduced my vision for adding federated sidechains to the XRP Ledger, which means a lot of things, but essentially that anyone who wants to, can run a sidechain to the XRPL. 1/6 https://t.co/5dqXLfdVrk — David Katz Schwartz (@JoelKatz) June 7, 2021
CoinShares reports record decline in asset values in Bitcoin funds
Outflows from Bitcoin-based investment products from May 28 to June 4 totaled a record $141 million, according to digital asset management firm CoinShares.
Ripple seeks SEC investigation into overseas exchanges’ activities
Ripple CEO Brad Garlinghouse and co-founder Chris Larsen have filed a motion asking the SEC to investigate the activities of several overseas trading platforms.
Judge Denies SEC Access to Ripple’s Legal Opinion Letters
District Judge Sara Netburn denied the SEC's motion to access Ripple's records of legal consultations regarding the XRP token's status.
Judge Allows SEC to Request Ripple Information From Foreign Regulators
Magistrate Judge Sara Netburn has allowed the U.S. Securities and Exchange Commission to request information about Ripple under a memorandum of understanding with foreign regulators.
SEC deems XRP holders extremely biased
The U.S. Securities and Exchange Commission (SEC) has filed another motion opposing XRP holders’ participation in the Ripple case, calling them extremely biased. The regulator argues investors cannot join as amici curiae, contending their stake in the outcome would compromise objectivity. John Deaton of the Deaton Law Firm criticized the SEC's conduct and XRP holders argued they meet the requirements to participate. The SEC previously charged Ripple with unregistered sale of securities tied to XRP, later narrowing focus to Brad Garlinghouse and Chris Larsen. In March 2021 the regulator sought to block the XRP holders’ motion; a New York court later supported the investors. In May, Ripple supporters were said to have launched a crusade against the agency.
Singapore’s largest bank launches cryptocurrency-based trusts
The DBS Bank private bank division for high-net-worth clients added investment trusts based on Bitcoin, Ethereum, Bitcoin Cash and XRP to its product line. CoinDesk reports.
Opinion: Elon Musk’s tweet launched the ‘best advertising campaign’ for XRP
Tesla CEO Elon Musk, in his tweet, handed Ripple on a silver platter the best advertising campaign for XRP token from the fintech firm, according to attorney John Deaton. Whatever ruin think of @elonmusk, he just handed @Ripple @bgarlinghouse @chrislarsensf @JoelKatz and @s_alderoty the best Ad campaign for #XRP on a silver platter. I know they’ve been making the “energy” case […]
Ripple’s XRP sales revenue climbs to $150 million in Q1 2021
In Q1 2021, Ripple's revenue from selling its own tokens nearly doubled, according to the XRP market report.We use cookies to improve the quality of our service.
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