The blockchain and crypto industry has been eagerly watching the lawsuits against Ripple, claiming the company and its executives sold unregistered securities (XRP) and committed fraud. In a recent development, Ripple and its executives have been cleared of any fraud allegations, excluding a statement made by Ripple's CEO, Brad Garlinghouse, regarding his XRP holdings.
Less than a month after moving the Simmons v Ripple Labs lawsuit from New York to California, the case has been consolidated with the on-going Zakinov v Ripple Labs lawsuit in California. At the same time, the honorable Judge Phyllis J. Hamilton has taken Ripple's motion to dismiss the fraud allegations under submission.
XRP Ledger (rippled server) version 1.6.0 has been released, introducing several new features including changes to the XRP Ledger's consensus mechanism to make it even more robust in adverse conditions, as well as numerous bug fixes and optimizations.
Goldman Sachs Global FX and Emerging Markets Franchise Management Executive Director Aditya Turakhia has joined Ripple as a Senior Manager of the Global Institutional Markets team.
Jed McCaleb, XRPL co-founder, and former Ripple CTO has increased his XRP sales, reaching a new all-time high of 6,180,850 XRP per day.
The New York State Department of Financial Services (DFS) has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. XRP has been approved for custody but is yet to be green listed for listing.
PayID, the Universal Payment Identifier meant to simplify the process of sending and receiving money globally across any payment network and any currency, concluded its first Hackathon, announcing 10 winners solving real-world problems using PayID.