It is time for the US to create a ‘Ripple test’ for crypto
The SEC’s approach to crypto must be modified to more clearly articulate how securities laws should apply to digital assets. Most crypto enthusiasts are less than pleased with the United States Securities and Exchange Commission’s past approach to crypto. This is not because legitimate businesses oppose regulation but because of the breadth, complexity and uncertainty associated with the current regulatory regime. Even in the context of general discontent, few actions by the SEC have engendered as much widespread criticism as the Dec. 22, 2020 complaint that initiated a civil enforcement....
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By now, you may have already heard of Ripple, the new decentralized cryptocurrency project that has been making waves (pun intended) in the Bitcoin community. While Bitcoin allows anyone to hold, send and receive bitcoins over a decentralized network to and from anywhere in the world with extremely low fees, Ripple seeks to allow anyone to do the same thing with any other currency as well. In order to get started with Ripple, you will first need to open a Ripple wallet. Just like Bitcoin in 2009, there is currently only one Ripple client available, the official one at ripple.com, although....
Japan’s first On-Demand Liquidity service implementation helps Ripple drive the adoption of crypto-enabled services. Showcasing the use of cryptocurrency in monetary transfers, Ripple has become a known partner for traditional institutions that wish to revamp their cross-border remittance services. Taking this vision further, Ripple announced a new partnership with Japan’s SBI Remit to transform remittance payments from Japan to the Philippines.Ripple’s latest partnership will see the involvement of mobile payments service Coins.ph and digital asset exchange platform SBI VC Trade to....
Even though many people do not give much credit to the blockchain service Ripple has managed to create, there seems to be a growing demand for their services in Asian. Thanks to a deal with SBI Holdings, this technology will be able to merge with banking industry experience and create a new company called SBI Ripple Asia. With a large focus on Taiwan, Korea, Japan, and China, Ripple’s enterprise solutions will focus on cross-border bank payments. Ripple Keeps Gaining More Popularity In Asia And Beyond. In the Western world, concepts such as Ripple are not gaining too much traction. Part of....
Photo by _Mo. The XRP price has trended upward over the past few months, which vaulted Ripple up the market cap charts (XRP is the Ripple platform's native currency). Thus far, the XRP price has avoided entering a cooling-off period. It may be time to certify Ripple as cryptocurrency's #2, at least by market cap. Also Read: Ripple Labs Cracks U. S. Banking with New Deal. XRP Price Rise Solidifies Ripple as Crypto's #2. In late September, Ripple passed Litecoin for 2nd-place on the cryptocurrency market cap charts. Since then, Ripple has widened the gap between the two cryptocurrencies to....
Apparently, there are some very angry feelings between payment network startups Ripple and Stellar, and the New York Observer has published a 15,000 word article spilling all the juicy details. Apparently, Ripple and Stellar were going out for quite some time. They were thought to be the cutest couple by all of their friends, and their families were sure an engagement was imminent, but then it turned out that Stellar was cheating on Ripple with a bitcoin mining operation all this time. Ripple discovered the sensual love letter hidden in a closet and decided to confront Stellar a week....