Press Release Daily Today TheBitTimes.com

XRP, the cryptocurrency utilized by the fintech company Ripple , has had an explosive year in 2023. Since January, the token’s price has surged by over 90%. Although XRP faced a 6% correction in the daily charts, analysts anticipate the asset to generate more steam soon. Also Read: Ripple XRP May Rally 1960%, Hit $14: Predicts Analyst According to crypto researcher Tony “The Bull,” Ripple ’s XRP could enter a 900% rally. The researcher cites a pattern the token had last seen in 2017, just before one of its bull runs. According to the analyst, ‘XRP has formed the same 1M Japanese candlestick setup as late 2017, right before a 900% candle.’ Source: Tony “The Bull“ If XRP rallies 900%, its price could reach around $6.6, almost double that of its all-time high of $3.40, attained in January 2018. How much to invest to be a millionaire if Ripple’x XRP reaches $6.6? Source – Coinpedia If XRP reaches a price of $6.6, an i...

Ripple Applied For Licenses in UK and Ireland Ripple announced plans last year to expand to other European countries, especially the UK and Ireland amid the long-running case against the US SEC. advertisement After Judge Analisa Torres’ landmark decision in the US SEC v. Ripple Labs lawsuit, Ripple seeks approval of licenses in the UK and Ireland as XRP isn’t a security. Judge Torres ruled that sales of XRP to institutions are securities as these are investment contracts, but the XRP token itself is not a security. Sendi Young, managing director Of Europe for Ripple , said the decision was a huge win and positive for Ripple ’s overall growth and success. “We are in the process of applying for our crypto asset registration in the UK and our payments licence in Ireland. These are all massive investments with a view that we are going to continue growing exponentially in this region.” Recommended Articles ...

The Securities and Exchange Commission [SEC] and Ripple ’s dispute have gone through several stages. The case has been ongoing for more than two years, and the conflict seemed interminable. The ongoing legal dispute also had an impact on XRP’s price and discouraged retail investors. However, after an endless back-and-forth battle, Ripple has come out victorious in the ruling. According to the latest ruling, a US judge has officially ruled that Ripple XRP is not a security. The ruling has finally put an end to the ongoing battle between XRP and the SEC. Also read: US Judge Rules Ripple XRP is Not a Security The news definitely had a positive impact on the price of XRP. According to the latest data, Ripple XRP has surged by 30% following the news. JUST IN: Ripple $XRP soars 30% after US judge rules it's not a security. pic.twitter.com/dQsCt5o8DF — Watcher.Guru (@WatcherGuru) July 13, 2023 Ripple XRP Surges by 30% following the news Accordin...

Also Read: US SEC Replaces Introductory Disclaimer; Another Win For Ripple? advertisement XRP Marking A Global Presence? HSBC, one of the world’s largest banks issued a report on Distributed Ledger Technology (DLT) in the Captial Markets. It highlighted the game changers and future trends in Securities Services. In the report, the bank cited how Ripple ’s XRP Ledger is solving the problem of real-time cross-border settlements. (XRP Ledger (XRPL) is Ripple’s DLT which utilizes its native token to make fast and secure cross border transactions.) However, HSBC mentioned that its foreign exchange tool has handled more than 3 million inter company transactions in the first 6 years. These transactions are worth around $250 billion. HSBC reportedly holds around $3 trillion of assets under management. XRPL receiving a mention by such a big banking institution suggests the global adoption of Ripple ’s technology. Read More XRP News Here… ...

Also Read: Ripple Counsel Withdraws From Case; US SEC To Gain Upper Hand? advertisement LBRY Seeks Clarity On Secondary Sales? As per the filings, LBRY submitted its Supplemental Brief in support of its motion to restrict the US SEC’s remedies. It mentioned that the firm is in pursuit of gaining clarity around the LBRY tokens (LBC) use in the market. This includes the clarity that LBC is not a security. Meanwhile, the commission has refused to provide such clarity and now looks at a broad based injunction which is not even clear. The LBRY asked the court to provide clarity for the market. SEC led enforcement has driven LBRY into insolvency. Coingape reported that the commission on record admitted that the sale of LBRY Credits (LBC) tokens in the secondary market is not a security. This settlement came on January 30, 2023. Read More Ripple Lawsuit News Here… Recommended Articles ...