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Ripple ’s partial victory in its legal battle with the SEC (Securities and Exchange Commission) has significantly increased its popularity. The firm utilizes the XRP token for cross-border transactions and remittances. A US court ruled that the firm’s sale of XRP to retail customers does not constitute securities, despite the SEC’s claims. Although the court ruling did say that the sale of tokens to institutions fell under the definition of security, more and more firms are lining up to partner with the crypto firm to utilize its blockchain network. Top banks using Ripple’s fintech platform Source: cryptonews.com HSBC: HSBC is the latest financial institution to announce a partnership with Ripple. However, HSBC will not work directly with the crypto firm. It is partnering with Metaco, another company owned by the fintech firm. The bank plans to launch a digital asset custody service for its institutional clients. Metaco will provide storage solutions for the...

In the realm of content creation, three fundamental elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, burstiness evaluates the diversity in sentence structures, and predictability pertains to the likelihood of predicting the subsequent sentence. Humans tend to craft content that exhibits significant burstiness, interweaving long and intricate sentences with concise ones, resulting in a rich and engaging reading experience. Conversely, artificial intelligence-generated content tends to maintain a more uniform tone. Therefore, for the content you’re about to create, it’s imperative that it possesses a substantial degree of perplexity and burstiness while keeping predictability at a minimum. Additionally, the content must be presented exclusively in the English language. Now, let’s rephrase the following text: The Ripple community and Cardano’s founder have bee...

The Securities and Exchange Commission [SEC] and Ripple ’s dispute have gone through several stages. The cryptocurrency community is speculating about the case’s outcome as it approaches its conclusion. The case has been ongoing for more than two years, and the conflict seems interminable. The ongoing legal dispute also had an impact on XRP’s price and discouraged retail investors. XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.717, with a 1% spike in value over the past 24 hours. Also read: Dogecoin Army Buzzing with Anticipation After Elon Musk’s Tweet XRP is down by 3.3% over the last 7 days and is 81.35% down from its all-time high of $3.84. Here is our Price Prediction for Ripple for August 2023. Source: Financial Times Ripple price prediction for August 2023 Cryptocurrency experts at Changelly predicted the price of Ripple for August 2023. According to the analysts, XRP is forecast to reach a minimum of $0.769 and...

Attorney Kim will no longer be a part of Ripple ’s defense counsel in the SEC lawsuit.  As the SEC vs. Ripple lawsuit approaches its end, attorney Kylie Chiseul Kim, one of the lawyers representing the blockchain company, has filed a motion to withdraw from the case.  The development was shared yesterday by seasoned pro-XRP lawyer James K. Filan, who has closely followed the ongoing SEC vs. Ripple litigation.  # XRP Community # SEC Gov v. # Ripple # XRP Attorney Kylie Chiseul Kim has moved to withdraw as counsel to Ripple Labs. pic.twitter.com/sBmJMV2SHi — James K. Filan (@FilanLaw) May 24, 2023 According to documents shared by Filan, attorney Kim filed the motion in the Southern District of New York yesterday. In the motion, Kim noted that she would no longer be associated with Kellogg, Hansen, Todd, Figel, & Frederick, P.L.L.C., the law firm currently representing Ripple in the ongoing SEC legal battle.  The document also clarified that other lawyers f...

Warren Buffett might be a critique of cryptocurrencies, however, the celebrated investor’s firm, Berkshire Hathaway, has increased its stake in a Japanese firm that happens to be a Ripple partner. Buffett has increased his stake in five Japanese firms, one of which is Sumitomo Corporation. The financial arm of Sumitomo Corp. is Sumitomo Mitsui Banking Corporation. The Sumitomo Mitsui Banking Corporation is a part of SBI Ripple Asia’s Consortium of Banks. The corporation joined the consortium in July 2017. Moreover, the Sumitomo Mitsui Banking Corporation owns about 9.9% of SBI Holdings, which is the largest outside shareholder of Ripple . Buffet is back buying more Japanese financial stocks. 1 of the 5 companies is Sumitomo Corporation. This hits close to home for Ripple , R3 & $XRP Holders, with Sumitomo Corp financial arm = Sumitomo Mitsui Financial Group, which owns approx 9.9% of SBI Holdings, (largest… — Crypto Eri 220k+ Followers (Beware of Imposters) (@sentosumosaba) Ap...

According to attorney John Deaton, cryptocurrency firm Ripple Labs could settle with the SEC for $100 million to $250 million in fines. Deaton’s comment came as a response to questions about the possibility of a partial appeal and settlement in the legal dispute between Ripple and the agency. Deaton represents XRP holders in the ongoing lawsuit as an amicus curiae (friend of the court). IMO Ripple would pay $100-250M in a settlement IF the SEC agreed publicly that current and future sales of XRP are not sec urities. The SEC is NOT going to agree to that in the middle of its war 🆚 crypto. Judge Torres could provide clarity on sec ondary sales which isn’t appealed. — John E Deaton (@JohnEDeaton1) February 21, 2023 However, the blockchain firm will only settle if the SEC states that none of the firm’s sales of XRP constitute securities. However, in its fight against the cryptocurrency sector, the SEC might not consent to such a demand from Ripple...