Ripple Vs. SEC: Epic Battle Unfolds Over $770M Disgorgement Demand
In a recent interview with CNBC, Brad Garlinghouse addressed the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) over the classification of XRP. Garlinghouse highlighted three consecutive wins for Ripple in the legal proceedings, emphasizing that the first judgment on July 13 clearly stated that XRP is not a security. He also mentioned denying the court’s interlocutory appeal and dismissing allegations against Ripple co-founder Chris Larsen and himself. Ripple CEO Brad Garlinghouse Criticizes SEC’s Regulatory Approach In the interview,....
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A long-awaited ruling on the Apple versus Epic Games legal battle could have major implications in Bitcoin and the crypto market. In August 2020, these two titans entered a legal battle over the alleged violation of the developer agreement by Epic with its popular game Fortnite. As former director of Amazon Studios Matthew Ball said, […]
On June 6, the Web3 entertainment company Gala Games announced that the Wild West-focused battle royale blockchain game Grit will soon be available via the Epic Games Store and accessible to 194 million users. The well known company Epic Games is the producer of the Unreal Engine and the popular online video games Fortnite and Gears of War.
Blockchain-Powered Grit Gets Added to the Epic Games Store — Gala Games Exec Says Epic Listing Brings Legitimacy to This New Genre of Gaming
The Epic Games Store currently hosts a blockchain video game called Grit, a Wild West-based....
Ripple doesn’t stand a chance against the Securities and Exchange Commission in its ongoing court battle, this US congressman says. U.S. Representative Brad Sherman stated in a recent FOX Business interview that he believes the SEC would prevail in its legal fight against Ripple because XRP, the native cryptocurrency on the Ripple network, is a security. […]
The battle between Steam and Epic Games, two of the most important videogame distribution platforms worldwide, has reached the crypto market. As Bitcoinist reported yesterday, video game developer Vault removed and banned crypto-based games from Steam. The decision was met with a reply from its competitor. Related Reading | How The Apple v. Epic Games Case […]
Ripple’s XRP sales are up 97% in Q1, with the firm attributing the growth to its focus on RipplesNet’s On-Demand Liquidity service. Despite the ongoing legal battle with the Securities Exchange Commission, Ripple reported a 97% increase in sales of XRP for Q1. Ripple posted its Q1 markets report on May 6th and revealed that total sales net of purchases had gone from $76.27 million in Q4 2020, to $150.34 million in Q1 this year. Ripple noted the surge in sales was led by the growing demand for RippleNet’s working capital service On-Demand Liquidity or ODL: “The increase in XRP sales can be....