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Ripple News
Crypto-News-Flash
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Ripple Strikes Back: Cross Appeal Filed in Ongoing SEC Lawsuit
- Ripple has filed a cross-appeal in response to the ongoing SEC lawsuit, aiming to solidify key legal arguments and demonstrate their proactive strategy.
- Ripple's cross-appeal does not challenge the court's ruling that XRP is not a security, but focuses on addressing other aspects of the case.
- Ripple's CEO accuses the SEC of prioritizing disruption over clarity for U.S. innovation and expresses determination to prevail in court.
- Positive trading data for XRP suggests strong community support and market confidence in Ripple's ongoing legal stance.
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Bitcoinist
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Ripple Launches Bank-Grade Crypto Custody Solution
- Ripple has launched an upgraded version of its Ripple Custody service.
- The upgrades include integration with compliance tools, expanded hardware security module (HSM) options, support for tokenizing real-world assets on the XRP Ledger (XRPL), pre-configured policy frameworks, and an improved user interface.
- The new features aim to provide bank-grade crypto custody solutions to fintech firms and crypto businesses.
- Ripple Custody has experienced significant growth with a 250% increase in new customers.
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Zycrypto
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Ripple Rolls Out Crypto Custody Services For Banks, Putting XRP On Path To $1 Price Tag
- San Francisco-based fintech firm Ripple is launching a suite of crypto storage services for banks and financial technology businesses.
- The new features include integration with Ripple's blockchain platform, policy settings, risk monitoring, and a new user interface.
- Ripple's expansion into the custody market puts it in competition with well-established firms like Coinbase and Gemini.
- The move has sparked speculation about whether XRP will surpass the $1 price mark in the future.
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Bitcoinist
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Ripple Pushes Back: Cross-Appeal Notice Filed Against SEC
- Ripple has filed a cross-appeal against the US Securities and Exchange Commission (SEC) in the ongoing litigation.
- The SEC appealed a 2023 ruling that stated XRP does not qualify as a security.
- Ripple's Chief Legal Officer highlighted the SEC's struggles and the rationale behind the cross-appeal.
- Ripple's CEO criticized the SEC and expressed the intention to put an end to the SEC's enforcement agenda.
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Cryptonewsz
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Ripple Price Prediction: How High Can XRP Go This Weekend?
- Recent data shows XRP experiencing major price swings, leaving investors and analysts speculating on its potential trajectory for the coming days.
- Changelly predicts a 32.26% surge in XRP price on October 12, 2024, reaching $0.700707, followed by a 34.36% increase on October 13 to $0.711876.
- However, XRP price is expected to experience a sharp correction on October 14, dropping to $0.617867 but still maintaining a 16.62% gain.
- Technical analysts highlight the $0.70 mark as a crucial threshold that, if broken, could reignite bullish sentiment and push XRP towards the $0.80-$0.90 range.
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Cryptopotato
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Ripple Launches New Features for Custody Arm to Tap $16T Market
- Ripple Custody, the firm behind XRP, has launched new features and functionalities to improve its custody technology for fintech and crypto users.
- The latest update includes integration of transaction screening service, additional hardware security module (HSM) options, integration with XRPL for tokenizing Real World Assets (RWA), pre-configured policy frameworks, and improvements to usability and user interface.
- Ripple Custody has reported significant progress with 250% year-over-year customer acquisition and availability in major global financial markets.
- Financial institutions are increasingly offering custody services for crypto assets due to heightened demand, with Taiwan's FSC planning to establish a sandbox for crypto custody services.
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Crypto-News-Flash
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Palau Partners with Ripple to Create Dollar-Pegged Stablecoin and Digital Savings Bonds Platform
- Palau has launched a new blockchain-based savings bonds prototype system in partnership with Soramitsu and Japan’s Trade and Economy Ministry.
- Palau previously partnered with Ripple to deploy a stablecoin on the XRP ledger, resulting in the first CBDC transaction on XRPL.
- The bond prototype, called Palau Invest, allows citizens to invest in the country's development and earn returns.
- The funds raised from the bond will be used for national projects such as infrastructure and economic development.
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Crypto-News-Flash
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Ripple Scores Best Cross-Border Payment Platform Award as XRP Struggles
- Ripple has been awarded the 'Best Cross-Border Payments Platform—platinum winner' at the Fintech & Payments Awards 2024.
- Despite the recent price decline of XRP, the recognition could potentially increase the demand for the cryptocurrency.
- The award acknowledges Ripple's leadership in cross-border payments and its use of blockchain technology.
- Ripple has expanded its global presence through partnerships with Mercado Bitcoin in Brazil and receiving approval from the Dubai Financial Services Authority.
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Pymnts
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Ripple Offers ‘Bank-Grade’ Custody Tech to Crypto Firms
- Ripple has introduced new features and functionalities for its custody solution to cater to the growing demand for secure storage of crypto assets.
- The update includes transaction screening service integration, added hardware security module options, XRPL integration for tokenizing real-world assets, pre-configured policy frameworks, and upgrades to usability and user interface.
- Ripple Custody now supports XRP Ledger tokenization features, enabling businesses to tokenize and manage assets including cryptocurrencies, fiat currencies, and real-world assets.
- Tokenized real-world assets have the potential to enhance liquidity, accessibility, efficiency, transparency, security, and global reach in various sectors like real estate, private equity, and intellectual property.
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Bitcoinist
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Pro-XRP Lawyer Breaks Down Ripple’s Next Steps In SEC Appeal
- Attorney James Murphy discusses the SEC's appeal in the XRP lawsuit between Ripple Labs and the SEC.
- The SEC is likely to focus on disputing the determination that transactions of XRP on secondary markets were not investment contracts.
- The SEC may challenge the decision to award zero disgorgement and the $125 million civil penalty.
- There is a possibility of Ripple cross-appealing regarding the classification of institutional sales as investment contracts.
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Crypto-News-Flash
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Ripple Launches Innovative Crypto Custody Solution with XRP Ledger for Financial Institutions
- Ripple launches crypto custody solution to store digital assets for banks and fintechs.
- New features include pre-configured settings and a user interface integrated into the XRP Ledger.
- Ripple Custody sees 250% customer growth with clients like HSBC, Societe Generale, and DBS.
- Ripple aims to consolidate its custody products and competes with Coinbase, Gemini, and Fireblocks.
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TheNewsCrypto
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Ripple Debuts Crypto Custody Amid XRP Legal Battle
- Ripple has launched new crypto custody services for banks and fintech firms, aiming to help store digital assets.
- Ripple's move into custody services allows the company to diversify beyond payments and enter a rapidly growing market.
- Major clients like HSBC and Societe Generale have already adopted Ripple's new custody services.
- Amid regulatory uncertainty, XRP whales have moved over 73 million tokens in the past 24 hours, sparking speculation of a cross-appeal by Ripple.
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Bitcoinsensus
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Ripple Offers New Crypto Custody Services for Banks and Fintech Firms
- Ripple is expanding its 'crypto custody' services for banks and fintechs worldwide.
- Crypto custody services help safeguard digital assets and promote digital asset adoption among financial institutions.
- Ripple's expanded services could impact its regulatory battles with the SEC and enhance its credibility.
- The new features of Ripple Custody include AWS CloudHSM, pre-configured frameworks, XRPL integration, compliance integrations, and improved UI and usability.
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Cryptoslate
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Ripple unveils bank-grade crypto custody and RWA technology aiming for $16 trillion
- Ripple Labs introduces new features and compliance functionality for its crypto custodial services.
- The features include bank-grade custody technology, hardware security module options, and advanced anti-money laundering monitoring.
- Ripple Custody allows tokenization of real-world assets on the XRP Ledger and provides access to a decentralized exchange.
- The company aims to tap into the rapid growth of the custody sector, which is projected to reach $16 trillion by 2030.
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Altcoinbuzz
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Ripple Launches Custody Services for Digital Assets
- Ripple has launched Ripple Custody, a new service for banks and fintech firms to securely store and manage digital assets.
- Ripple Custody integrates with Ripple's blockchain platform and includes features such as pre-set rules, guidelines, and Anti-Money Laundering monitoring.
- The launch of Ripple Custody allows Ripple to expand its services beyond payment settlements, providing a secure way for banks to handle digital assets.
- The user-friendly interface of Ripple Custody makes it easier for banks and fintech firms to access the digital asset market and foster innovation in the financial industry.
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