Ripple voluntarily releases its quarterly report to provide transparency and regular updates on the company’s views on the state of the XRP market. Q2 2020 was no exception, with Ripple releasing the report on August 3rd.
Ripple has replied once again to the plaintiff's fraud allegations in the Zakinov v. Ripple Labs case. Ripple claims that the plaintiff has had two bites at the apple and takes a third, yet he still fails to show why the statements on which his Fraud Claims depend are false.
When Marcus Treacher (Ripple’s SVP of Customer Success) revealed in a fireside chat a few weeks ago that Ripple was very keen to expand to China and that the company did transact with some Chinese nodes at the time, there was very little indication in what he was referring to. It seems that Ripple has been working under the radar with various banks and institutions in China and Malaysia for the better half of 2020.
Coil, the company providing an alternative and additive way for publishers to monetize their content, announced that 20 leading comedy and satire sites are now using Coil to stream micropayments from readers to publishers based on time spent reading their content.
Simmons v. Ripple Labs, one of the two cases currently open against Ripple claiming the company has violated the securities law, has been moved from New York to California.
YouTube, the popular online video-sharing platform has filed a motion to dismiss the lawsuit filed by Ripple against it, holding it accountable for crypto scams posted on its platform.
Τhe California Blockchain Working Group suggested that a definition and separate regulation of digital assets based on their function could bring regulatory clarity to blockchain and digital assets.