Ripple has replied once again to the plaintiff’s fraud allegations in the Zakinov v. Ripple Labs case. Ripple claims that the plaintiff has had two bites at the apple and takes a third, yet he still fails to show why the statements on which his Fraud Claims depend are false.
When Marcus Treacher (Ripple’s SVP of Customer Success) revealed in a fireside chat a few weeks ago that Ripple was very keen to expand to China and that the company did transact with some Chinese nodes at the time, there was very little indication in what he was referring to. It seems that Ripple has been working under the radar with various banks and institutions in China and Malaysia for the better half of 2020.
Coil, the company providing an alternative and additive way for publishers to monetize their content, announced that 20 leading comedy and satire sites are now using Coil to stream micropayments from readers to publishers based on time spent reading their content.
Simmons v. Ripple Labs, one of the two cases currently open against Ripple claiming the company has violated the securities law, has been moved from New York to California.
YouTube, the popular online video-sharing platform has filed a motion to dismiss the lawsuit filed by Ripple against it, holding it accountable for crypto scams posted on its platform.
Τhe California Blockchain Working Group suggested that a definition and separate regulation of digital assets based on their function could bring regulatory clarity to blockchain and digital assets.
Bradley Sostack, the Lead Plaintiff in the Zakinov v. Ripple Labs, Inc. case, has replied to Ripple’s motion to dismiss fraud allegations.
In times of great uncertainty, nothing is to be taken for granted. The Covid-19 pandemic has proven that things can change very quickly. Large corporations or even whole industries can collapse while entrepreneurs with new innovative ideas have an opportunity to shine. One of the lessons that Covid-19 has reminded us is that humanity needs to and has the ability to adapt. Those that fail to adapt quickly become irrelevant.
Banco Santander sees great benefits in using RippleNet for its money transfer solution One Pay FX and is planning to expand it to new territories and customer segments.
Hatton National Bank (HNB), the fifth-largest bank in Sri Lanka, announced a 15% Year-on-Year (YoY) increase in digital remittances during COVID lockdown, as cardless withdrawals for Lankan expatriates and the HNB RippleNet blockchain facility for enterprises helped ease the difficulties faced by customers
Exir, a cryptocurrency exchange operating since 2017 in Iran, announced the addition of XRP to its platform on May 27, 2020, with the Iranian rial (IRR) pair.