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Grayscale Launches XRP Fund
Grayscale launched an $XRP closed-end fund, causing $XRP’s price to jump as investors expect broader institutional exposure. Key points: Grayscale launches $XRP fund: The fund offers accredited investors exposure to $XRP. Potential $XRP ETF: This could pave the way for a future exchange-traded fund (ETF). Ripple’s legal victory: The fund follows Ripple’s recent win over......
Ripple Expands XRP Ledger with Ethereum-Compatible Smart Contracts
Ripple is set to introduce Ethereum-compatible smart contracts on its XRP Ledger, aiming to broaden its functionality and attract developers. Key points: Ethereum-compatible contracts: Ripple to add smart contracts via an Ethereum Virtual Machine (EVM) sidechain. Developer focus: Ripple aims to attract more developers by enabling familiar programming environments. Mainnet expansion: Smart contracts may expand......
XRP Surges 17% After Ripple Is Fined $125 Million in SEC Case
Ripple has been ordered to pay a $125 million fine by a U.S. federal court. This has concluded a prolonged legal struggle with the Securities and Exchange Commission (SEC). This ruling has had a positive impact on the price of XRP, which surged double digits after the announcement. Key points: Judge Analisa Torres imposed a......
Ripple Unveils Plans to Launch USD-Pegged Stablecoin on XRP Ledger
Ripple, the enterprise-focused blockchain service, has announced its intention to introduce a new stablecoin pegged to the U.S. dollar later this year. The stablecoin will initially be deployed on the XRP Ledger and the Ethereum blockchain. Key points: Ripple's stablecoin will be backed by USD deposits, short-term U.S. government treasuries, and other cash equivalents. The......
Jupiter Blocks XRP ETP Amid Regulatory Confusion: FT
Jupiter Asset Management's compliance division recently blocked one of its funds from retaining exposure to an XRP exchange-traded product (ETP). The compliance team highlighted inconsistent EU regulation, according to a report by FT. The incident demonstrates how divergent national rules create confusion for managers exploring crypto participation. Jupiter was blocked from holding XRP ETP in......
SEC Wins Financial Data Access Against Ripple in Ongoing XRP Lawsuit
The Securities and Exchange Commission has bagged a win against Ripple Labs this week, gaining access to confidential corporate information as both sides prepare for the remedies phase of their landmark cryptocurrency case. Key lawsuit updates: The judge orders Ripple to provide financial statements and post-suit XRP contracts. SEC also wins data on institutional token......
Ripple Co-Founder’s Personal XRP Accounts Hacked for Over $112 Million
Several personal XRP accounts belonging to Ripple co-founder Chris Larsen were hacked recently, resulting in the theft of around $112 million worth of the cryptocurrency. Key details on the Ripple hack: Over 213 million XRP tokens were stolen from Larsen's accounts, currently valued at $112.5 million. The stolen funds were quickly laundered through various exchanges......
YouTube Under Fire For Refusing to Remove Ripple (XRP) Scam
YouTube is facing criticism after allowing a fraudulent Ripple (XRP) giveaway video to remain active for over a month, despite multiple user complaints arguing it violates platform policies. The video promotes a fake Ripple doubler scam, falsely claiming users can double their XRP holdings by sending funds to an associated wallet address. However, when users......
🥛XRP 11 years later… 🎂
GM. This is Milk Road. We’re like that super honest friend that lets you know when you have broccoli in your teeth - we tell it like it is.It’s Saturday, y’all. Let’s get it:Bursting the rug pull bubble 🫧XRP’s 11th birthday 🎂Reddit’s NFT playbook 📋The crypto founder found dead 🍪Prices as of 9:20 AM ET.TOOL......
🥛 Q4 = Crypto Christmas 🎅 Here’s why…
Today's edition is brought to you by Gemini – your trusted US-based crypto exchange, whether you're new to the game or a pro. Start trading and snag $15 in $BTC just for getting started!GM. This is Milk Road – call us ‘Crypto Santa Claus,’ cause we're delivering the gift of positive crypto news!Here’s what we got......
