Ripple co-founder Chris Larsen transferred $60.5 million worth of XRP to an unknown wallet, igniting interest in the cryptocurrency market. This move follows a recent price surge of XRP and a new filing by the US SEC challenging XRP’s security status. The transfer of 20 million Ripple tokens has fueled speculation about potential accumulation strategies […]
Chris Larsen
Ripple’s CEO Slams Sensationalism: No Hack, Just Hype
Putting all hack rumors to rest, Ripple’s top brass clarified that all users’ wallets are secure and were never compromised. Crypto enthusiasts were rattled when blockchain investigator Zachxbt claimed a massive hack, alleging the theft of 213 million XRP tokens worth over $100 million. Shockingly, the stolen funds were reportedly laundered through prominent crypto exchanges […]
Ripple Executives And XRP Legal Team Criticise SEC’s Crypto Regulations
In a bold condemnation of the U.S. Securities and Exchange Commission (SEC), Chris Larsen, the Executive Chairman of Ripple, and legal representatives for XRP have taken a strong stance against the regulatory body’s aggressive approach to overseeing the cryptocurrency sphere. Federal judges have openly questioned the SEC’s strategies, branding them as “arbitrary and capricious” during […]
Ripple’s Top Execs Signal Unavailability For Q2 2024 Trial
The ongoing saga surrounding Ripple’s top executives, Brad Garlinghouse and Chris Larsen, has taken an unexpected turn. Legal representatives for both individuals have formally notified Judge Torres of their clients’ unavailability during a crucial period in the upcoming year. With the legal battle poised to take center stage in the second quarter of the upcoming […]
Ripple Co-Founder Supports Cardano’s Charles Hoskinson On This
Ripple co-founder Chris Larsen tweeted that he agreed with the Cardano founder over the lack of regulatory certainty surrounding the classification of cryptocurrencies, providing some relief from the tense online spat between the two prominent crypto communities. Hoskinson’s contributions to crypto climate projects, particularly his work studying and writing Proof of Useful Work algorithms, were […]
SEC Finally Drops Bombshell Lawsuit Against Ripple
The United States Securities and Exchange Commission [SEC] has finally announced filing an action against Ripple Labs Inc. and two of its executives on the 22nd of December. Claiming the two execs, namely Christian Larsen, Ripple’s co-founder, executive chairman of its board; and Brad Garlinghouse, the company’s current CEO, as significant security holders, SEC alleged […]
Ripple’s Former And Current CEO Reveal Plans To Exit US Over Regulatory Climate
Decentralization is what the crypto industry hoards. Nevertheless, the crypto-verse continues to fall under the purview of many regulators across the world. Although cryptocurrencies have a ton to offer when it comes to digitization, the risks pertaining to them also follow. As a result, some regulators have had a difficult time scrutinizing these assets. However, […]
China’s Blockchain and Fintech Superiority Might Oust America-led Global financial System, Says Ripple Co-founder
China leads the world in terms of blockchain and fintech, while the US dollar is the reserve currency of the world. The United States has drawn a lot of criticism from industry experts for its inaction on cryptocurrency and blockchain technology. The latest person to comment on this subject is the co-founder of Ripple, Chris […]
Ripple Founder Chris Larsen Wants to Replace SWIFT and Create an ‘Internet of Value’
Ripple’s mission to change the way people use the market for remittances was very clear. Chris Larsen, founder of Ripple, said earlier that the company was steadfast in changing the financial landscape with blockchain technology and On-Demand Liquidity [ODL]. Larsen also spoke about Ripple’s work recently when Michael Arrington, CEO, discussed a three-step plan with […]
Ripple founder reiterates that crypto and fiat working together would create wonders in financial ecosystem
Ripple has been one of the few companies in the cryptocurrency industry that has stated that instead of fighting against banks, cryptocurrencies can be used to make the fiat process faster and the financial ecosystem much more streamlined. During a recent Ripple Drop interview with Chris Larsen, the billionaire founder of Ripple reiterated the fact […]