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Ripple CEO Threatens to Relocate Company Overseas Due to Unfavorable US Regulation

Ripple chief executive officer Brad Garlinghouse has threatened to move the company’s headquarters overseas should the U.S. fail to level the playing field with an unambiguous regulatory framework. In a series of tweets on Oct.12, Garlinghouse said: “The lack of a single national regulatory framework is putting U.S. innovation and U.S. companies at a significant disadvantage. All we’re asking for is a level playing field – if we need to move to another country to get that, then that’s the path we will have to take.” Garlinghouse’s clarification follows comments issued recently by Ripple cofounder Chris Larsen to the same…

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Ripple CEO Brad Garlinghouse Hints More Investments And Acquisitions Coming Soon

To say that Ripple acquiring a stake in MoneyGram last year excited the XRP army is an understatement. The company now owns 10% of MoneyGram’s common stock after investing a staggering $50 million. MoneyGram, in return, leverages Ripple’s XRP-based payments technology for its international transactions. Now, the CEO of Ripple — the company behind the XRP cryptocurrency — has recently hinted that the firm is set to ink new acquisitions and deals in the near future.  More Acquisitions In Coming Months Speaking in the latest episode of Ripple Drop, Brad Garlinghouse observed that the Coronavirus crisis has wreaked havoc on…

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Ripple CEO Brad Garlinghouse Explains Why CBDCs Don’t Threaten XRP

In a recent tweet, Ripple CEO Brad Garlinghouse continues to bolster the opinion that digital assets like XRP aren’t threatened by Central Bank Digital Currencies (CBDCs), but rather, convinced that XRP would be that bridge amongst different CBDCs. XRP, The Facilitator Brad Garlinghouse of Ripple some few hours ago further buttressed the point highlighted in the Ripple Insight’s latest newsletter that CBDC is one thing, interoperability amongst different CBDCs is another. And if any project isn’t thinking of how these various projects will work together, it’s just basically “re-building the same siloed system.” Over 70% of the central banks around…

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Ripple’s Brad Garlinghouse Criticizes Indian Government’s Proposed Cryptocurrency Trading Ban

The Indian government is reportedly preparing to introduce a new law that will prevent citizens from participating in cryptocurrency trading going forward. In a searing attack on the government, Ripple CEO Brad Garlinghouse indicated that the decision to ban crypto trading cripples the nascent crypto industry. India’s Proposed Bill Targets Cryptocurrency Trading According to Bloomberg, India’s federal cabinet is examining a new bill before sending it to parliament to be debated. Sources familiar with the matter told the publication that India is interested in exploring blockchain technology, but it is against cryptocurrency trading. With already stringent regulations in place, this…

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Ripple’s Brad Garlinghouse Predicts Further Loss USD Value

Ripple’s Brad Garlinghouse predicts even more losses for the value of the US dollar after what it was a crazy year in every sense of the word. The businesses are left wondering how to go on ahead but the Ripple Labs CEO believes that the craziness will continue further so let’s find out more in the Ripple news. Ripple’s Brad Garlinghouse predicts as he tweeted that the “pandemic is throwing so many playbooks out of the window.” He continued: “Yesterday’s action flies in the face of decades of precedent.” He pointed out towards an article from the Wall Street Journal…

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Ripple CEO Says Fed’s Interest Rate Decision Will Benefit Crypto

If you have been following the latest crypto news, you probably know that the Federal Reserve Chairman Jerome Powell made an announcement during his speech, when he noted that the Fed will be allowing inflation to start running past 2%. This had a lot of implications, and will influence the price of crypto and assets like gold and equities. The Ripple CEO says a lot of things about this decision and how it may benefit crypto in the long run. Basically, even though high inflation is overly positive for the coin in the near term, investors faded the move and…

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Flare proposes new bridge to allow XRP to be used on Ethereum

The Flare Network plans to build a new two-way bridge connecting XRP to the Ethereum ecosystem. On Aug 26, Ripple (XRP) partner Flare Networks revealed details of a proposed new bridge connecting XRP with the Ethereum (ETH) blockchain. Ripple’s CEO Brad Garlinghouse and the XRP Army have expressed support for the first two-way bridge to bring the ecosystems together. The trustless bridge will allow XRP on the Flare Network —  known as FXRP — to be used within the Ethereum network, while “providing a scaling platform for Ethereum tokens and applications”. Flare is a network that integrates the Ethereum Virtual…

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Ripple CEO Fired Back At Reporters: Ripple Has No Plans To Reset

The Ripple CEO Fired back at the latest reports where it was said that Ripple has a plan to reset the strategy of the company as we are reading more in the latest XRP news today. Garlinghouse says that the network is working as planned. The Ripple CEO fired back the reporters from the New York Times, especially Nathaniel Popper after the news surfaced that Santander Bank is still hesitant to use the company’s native token. Popper aimed Garlinhouse citing statements by the CEO made back in 2018 around the banks that plan to use the XRP token in the…

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Ripple Attempts A Reset While Still Trying To Find Compelling Use-Cases

Ripple attempts a reset while still trying to find compelling use cases for its blockchain technology and its XRP native currency. The startup can also lay claims to have created one of the most valuable assets as it total value hit $30 billion so let’s try and find out more in the upcoming XRP news today. Eight years after the launch, Ripple attempts a reset while still having a hard time to find use cases for its blockchain technology. Now, the company is trying to draw more users but it has hit a new option: becoming the Amazon of the…

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‘Ripple Has Absolutely No Plans To Reset Our Strategy’, CEO Garlinghouse Responds To Critics

The New York Times has long been viewed as the newspaper of record in the United States. A reporter at the publication, Nathaniel Popper, recently cited a scathing article about Ripple by the Financial Times, titled “With $16bn in cryptocurrency, Ripple attempts a reset”. Popper delved into the relationship between Ripple and one of its major cross-border payments partner, Santander bank. He claimed that the bank is still wary about using Ripple’s XRP digital currency. Responding to Popper, Ripple CEO Brad Garlinghouse has made it clear that the company is not looking to reset its strategy. Ripple Is Resetting Its…

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Garlinghouse: Ripple Has No Intention of Becoming the Amazon of Crypto

The CEO of Ripple, Brad Garlinghouse, has re-established his commitment to cross-border payment solutions by saying the firm has no plans to change tack. Garlinghouse claims the company is already making great strides in capturing the $10 trillion cross-border payments market. With that, he sees no need to pursue other ventures. “Ripple has absolutely no plans to ‘reset’ our strategy. Using XRP to solve a real-world, $10T problem, like cross-border payments, is working.” The comments come in response to a Financial Times article that made several unfavorable assertions about Ripple and its native token, XRP. Chief among which was the…

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Ripple Lawyers Try To Clear The Company’s Name In Class-Action Lawsuit

Ripple lawyers are trying to clear the company’s name in the battle against a class-action lawsuit that accused the company of securities fraud so let’s try and find out in the Ripple news. In the documents, the company stated that the plaintiff Bradley Sostack failed to prove that the CEO of Ripple Brad Garlinghouse made false bullish statements in 2017. Sostak alleged that the Ripple CEO intentionally misled investors about the real value of the cryptocurrency. Sostack filed the case against Ripple and Garlinghouse in 2019 and claimed that the company started offering the token for sale in unregistered security.…

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XRP’s Long-Standing Lawsuit Is Based on Defective Logic, Ripple Says

Ripple’s legal team says that there is no enough evidence to show that Ripple’s CEO Brad Garlinghouse committed fraud and misled XRP investors in 2018. The ongoing class-action lawsuit was filed in May 2018 against Garlinghouse and some other involved parties, accusing him and Ripple Labs of failing to register XRP with the US SEC as required by the law in the issuance of a security token. Instead, Garlinghouse is alleged to have employed misleading tactics to defraud investors which led to massive inflation of XRP’s price, and later cost investors millions of dollars in losses. The lead Plaintiff Bradley…

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Steve Wozniak Sues YouTube Over Possible Conspiracy to Spread Crypto Scams

YouTube has come under fire from several quarters as the platform appears to become an unwitting partner for crypto scammers. The video streaming giant is now facing a lawsuit from Steve Wozniak, the multimillionaire co-founder of tech giant Apple Inc. YouTube Stood by as Scammers Proliferated Yesterday Cotchett, Pitre & McCarthy, a law firm based out of the San Francisco Bay Area, announced that it had filed a suit against YouTube and its parent company, Google. The legal firm filed the lawsuit against both companies on behalf of Wozniak and 17 other people whose images and likeness had been used to promote…

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YouTube Attorneys Invoke Communications Decency Act in Ripple Legal Battle

YouTube is recusing itself from any liability from fraudulent content that manages to reach its platform. According to a report on Law360, the video streaming platform explained that it was a content publisher. Thus, it holds no fault over the nature of content that third-party developers post. Possible Complicity in Scam Content YouTube’s assertion is coming after a Ripple scam had managed to surface on its platform earlier this year. In March, a member of the crypto Twitter community had posted on the social media platform that he caught a fake YouTube account that impersonated Brad Garlinghouse, Ripple Labs’ chief…

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China Leads The Way In Crypto Regulatory Outlook: Ripple CEO

China leads the way in crypto regulatory outlook according to Ripple’s CEO Brad Garlinghouse, as both countries are swimming in regulatory waters over the burgeoning crypto space, so let’s find out more in the upcoming Ripple XRP news. During the Chamber of Digital Commerce’s Parallel Summit yesterday, Garlinghouse expressed support for China’s approach in the crypto space and said:  “In some ways I’m in awe of it.” As China leads the way, its position came from an appreciation for the potential that crypto has as Garlinghouse explained:  “I think they’re realizing that some of these technologies may in fact be…

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