https://t.me/Cronos_Cardano_Ripple

2022-11-04 15:22:03 ‘Great cryptocurrencies have to go through several collapses’ — Cardano founder

Charles Hoskinson, the founder of Cardano and one of the co-founders of Ethereum, said one of the biggest lessons crypto users could take away from the collapse of Terra and other projects was learning to appreciate those that withstood the test of time.

Speaking to Cointelegraph at the Web Summit tech conference in Portugal on Nov. 2, Hoskinson said he had seen many companies in the crypto space collapse, from Silk Road to Mt. Gox. According to Hoskinson, protocols that survived were “resilient under an adversarial load,” capable of weathering both bear and bull markets — something of which many decentralized finance (DeFi) projects were incapable.

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2022-11-03 19:20:03 Coinbase and Blockchain Advocacy Group Join Ripple’s Fight Against SEC

Major crypto exchange Coinbase has followed advocacy group Investor Choice Advocates Network to voice its support for Ripple’s key defense in its legal fight against the SEC. Ripple now has a heavyweight player from the crypto industry on its side in the court case against the US financial regulator.

Ripple’s fair notice defense focuses on the U.S. Constitution's Due Process Clause, which requires that the language of any criminal statute is sufficiently clear to give “fair notice” of what is prohibited. The SEC has sued Ripple and its two executives Brad Garlinghouse and Chris Larsen for selling XRP tokens as “unregistered securities” to investors. The news that Coinbase is looking to file a brief in the case was shared on Twitter by Coinbase’s chief legal officer Paul Grewal, who said the company.

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2022-11-02 10:31:02 Coinbase argues SEC’s XRP lawsuit caused $15B in losses for retail traders

Crypto exchange Coinbase has filed an amicus brief in support of Ripple (XRP), arguing that the SEC’s lawsuit led to retail traders losing $15 billion. According to the exchange, the SEC action forced U.S.-based exchanges to delist XRP, causing retail customers significant losses as the coin’s market cap declined.

The U.S.-based crypto firm continued that it had repeatedly urged the SEC to guide the crypto space; however, the regulator was focused on regulating the industry through individual enforcement actions. Coinbase added that the SEC had subjected Ripple to “extensive enforcement scrutiny,” while other firms with identical products or services have been left off. It stated that the regulator’s existing registration requirements were unsuitable for the way digital assets platforms operated.

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2022-11-01 06:41:03 Ripple: SEC Could Face ‘Bruising Defeat’ Against the Fintech Firm, Says Legal Experts

The ongoing battle between fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC) could be coming to a conclusion. However, the regulator’s chances of a victory are growing slimmer according to legal experts. On Oct 30, senior analyst Roslyn Layton told Forbes: “If that’s how it ends, it will have been a self-inflicted disaster from the start.”

Crypto legal experts have hinted that the SEC could be looking at a “bruising defeat” in its case against Ripple. A verdict against the regulator could severely limit its capacity to oversee the regulation of the crypto asset sector. This would be a big win for the industry and innovation in the U.S. Ripple and token holders have been fighting back for almost two years, and their case is strengthening. Furthermore, over 75,000 XRP investors have joined the cause filing amicus briefs backing Ripple.

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2022-10-31 19:49:02 Massive XRP Whales Shift 313 Million XRP in One Fell Swoop

According to cryptocurrency whale tracker Whale Alert, massive XRP whales have moved 313 million XRP in just one transaction. According to Whale Alert, 313,218,266 XRP worth $148,102,802 was moved in between wallets in recent hours.On Oct. 29, an amount of 40,614,705 XRP worth $19,293,636 was transferred from the crypto exchange Bitstamp to an unknown wallet.

Regarding XRP movement, Ripple notes in its Q3 2022 report that three billion XRP were released out of escrow at one billion per month, following previous quarters and the official escrow agreement. Throughout the quarter, 2.1 billion XRP in total was returned and subsequently placed into new escrow contracts.Also, Ripple gives an important update on the amount of XRP held across Ripple's various wallets. It notes that for the first time, the amount of XRP held in Ripple wallets is below 50 billion,

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2022-10-30 11:54:03 Blockchain Association files amicus argument in Ripple case

The Blockchain Association has filed for permission today to submit a brief in the legal battle between the Securities and Exchange Commission and Ripple Labs that would give further context on how the agency's arguments in the case could affect the wider crypto industry.

The case, before the U.S. District Court for the Southern District of New York, recently reached the summary judgment stage, with both sides arguing that a trial isn't necessary since the facts are not in dispute, and instead asking a judge to rule on the facts that have already been presented. The Blockchain Association, a Washington, D.C.-based advocacy group, is seeking to give context to the wider effects the ruling could have for the crypto industry.

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2022-10-29 11:12:02 Ripple reports XRP holdings below 50% for the first time

Ripple Lab’s XRP token holdings have dropped below 50% of the total circulating supply for the first time in the company’s history.Ripple has faced criticism in the past by some that have raised questions over the firm’s significantly large ownership of XRP, arguing that it gives the company centralized control over its XRP Ledger (XRPL).

In a Q3 report published on Oct. 27, Ripple once again refuted that criticism while also pointing out that its XRP holdings continue to decline, falling below 50 billion tokens, or 50% of the total supply.Ripple disclosed in the report that its total net sales (sales minus purchases) of XRP for Q3 was down to $310.68 million compared with $408.9 million in Q2. “Ripple has continued to sell XRP only in connection with ODL transactions, and ODL volumes have ramped up as Ripple’s ODL [On-Demand Liquidity] business expanded globally,” the report reads.

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2022-10-28 11:34:02 Ripple Lawyer Says XRP Lawsuit Will Set Precedents for Entire Crypto Industry

Ripple’s vice president of litigation thinks the outcome of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the San Francisco-based payments firm will have a huge impact on the crypto space at large. SEC is “reaching far beyond the authority that was granted to them by Congress” and attempting to regulate the crypto space by enforcement.

Ripple general counsel Stuart Alderoty said the firm had finally been granted access to a set of documents related to a 2018 speech made by former SEC Director William Hinman. In the speech, Hinman stated that Ethereum (ETH), the second-largest crypto asset by market cap, was not a security and thus not subject to the SEC’s jurisdiction. The SEC had argued that the emails were protected by both deliberative process privilege and attorney-client privilege.

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2022-10-27 17:58:02 XRP Investors Await an SEC v Ripple Court Decision on the Hinman Docs

On Tuesday, XRP rose by 1.74%. Partially reversing a 3.32% slide from Monday, XRP ended the day at $0.46134. Notably, XRP rose for the fourth time in five sessions. A bearish start to the day saw XRP fall to an early low of $0.44351. Finding support at the First Major Support Level (S1) at $0.4432, XRP rallied to a late afternoon high of $0.47259.

Bullish sentiment from the broader crypto market provided XRP price support on Tuesday. However, the Tuesday gain was modest relative to its top-ten peers. Investor sentiment towards the SEC v Ripple case remained cautious, limiting the upside. Recent Amicus brief filings have given the Court a view from a different lens vis-à-vis the uses of XRP. Companies, including I-Remit, TapJets, and SpendDBits, filed Amicus briefs demonstrating how XRP fails to satisfy the third prong of the Howey Test.

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2022-10-26 19:38:02 Ripple’s lead engineer to exit after nearly a decade with the firm

Ripple Labs’ director of engineering Nik Bougalis is exiting the firm after nearly 10 years, becoming the latest of crypto’s long-time serving executives to depart from the space. In an Oct. 22 tweet, Bougalis noted that: “my decade-long journey at Ripplehas been a fantastic (if exhausting and all-consuming) one. I got to work on a project that I love, towards a goal I believe in.

Interestingly, the Ripple developer noted that he will not be joining a blockchain project or company next. One of Ripple’s key recent developments that Bougalis has overseen is the XLS-20 amendment which will see the introduction of nonfungible tokens (NFTs) to XRPL. While there were a few initial bugs that reportedly needed ironing out, the upgrade is reportedly set to go through in early November. The cryptographer went on to state his thoughts that Ripple will do just fine without him.

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