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SEC Asks Court to Deny Ripple’s Request of Stopping Agency From Contacting Exchanges

As far as its direction is concerned, the Ripple-Sec lawsuit is at a critical point for one more time. In response to Ripple’s request with the court, the Sec has sent a reply in which it has asked Judge Sara Netburn to not entertain the defendant’s motion to forbid the federal agency from contacting the foreign exchanges for discovery purposes. Former federal prosecutor and defense lawyer, James K. Filan, who has been rather...

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Ripple in Gaming: New Titles, Casinos, & In-Game Currency

Among the innumerable applications that have become possible for Ripple, attachment to video games has become one of the most interesting. As we discussed in another article on Ripple in the gaming industry, the low cost and high speed of transactions appears to be ideal for in-game purchases. This, plus the potential for the design of wholly decentralized games controlled by communities, opens up a world of possibilities. As to what...

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$33M Injected Into XRP Products Within One Week Boosting AUM Of the Sector Up

A new report shows that a plethora of institutional investors were found to be rallying around XRP, the native crypto of the United States-based blockchain cross border payments firm Ripple and many other major altcoins. And a massive amount has flowed into the investment products of XRP. Interestingly this occurred within the duration of just one week. XRP Products’ AUM Has Nearly Doubled CoinShares has issued its weekly...

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A Major US News Magazine is Now Accepting Crypto for Subscriptions

Another step towards the mass adaption of crypto, as America’s one of the greatest news magazines is now accepting crypto as a payment. Just today The Time magazine announced that now the users can pay for the subscription via crypto. For that very purpose, the magazine has partnered with Crypto.com, a crypto exchange. Now the users could able to pay for their subscription via Crypto.com’s native coin; CRO. CRO is currently the...

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Ripple to Add ODL Metrics to its Website, Reveals by the Company’s Executive

Ripple’s ODL metrics to go public on its website as Ripple subsidiary, RippleX’s head  Matt Hamilton revealed on a social media platform. Just a couple of hours before, in discussion on Twitter with block researcher Leonidas Hadjiloizou, Director of Developer Relations at RippleXDev Matt Hamilton, revealed that adding ODL metrics to Ripple’s website is been discussed but the about the specifics he was unsure, as also said...

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Ripple is Expanding as it Partners with a Major Remittance Service in the Asia Pacific

Undeterred by all the odds, Ripple continues its undisruptive growth as it steps its feet in one of the world’s largest areas, with respect to remittances. Following the announcement Ripple recently made about its acquisition of 40% stakes of the remittance company Tranglo, an Asian cross-border payments specialist, Ripple has now joined hands with Novatti, another Asia-centric remittance service. According to the blog post Ripple...

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Dubai and DIFC Join Forces for the Nationwide Adoption of KYC Blockchain Technology

Irrespective of the numerous concerns governments have in relation to cryptocurrencies, they are moving swiftly towards blockchain technology. A couple of days before, Dubai International Financial Centre-DIFC- made an announcement of expanding the KYC (Know Your Customer) initiative, the organization’s joint venture with Dubai’s Department of Economic Development, all across the country. According to the announcement, both...

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HSBC Reportedly Halting Investors from Dealing in Crypto

The Hongkong and Shanghai Banking Corporation Limited (HSBC) is, reportedly, disallowing investors and equity holders to trade in virtual currencies. A famous crypto enthusiast, Preston Pysh recently retweeted a thread from “Documenting Bitcoin”, in which the Twitter handle has shared a screenshot of an email from HSBC. According to the leaked email shot, HSBC has stopped people from buying business analytics firm Microstrategy’s...

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Bank Of Russia Announces To Begin Testing Digital Ruble In 2022

The central bank of Russia, Bank of Russia, is now also going to enter the testing phase of its central bank digital currency (CBDC), known as Digital Ruble. According to the latest announcement by the Bank of Russia, the central bank of the country is going to conduct the testing phase of its Digital Ruble starting the next year. As per the announcement, the Bank of Russia will be testing its CBDC in the year 2022. Olga Skorobogatova,...