The SEC vs. Ripple Labs lawsuit took a somewhat unexpected turn, breathing new life in the case just before an important deadline.

The U.S. Securities and Exchange Commission (SEC) is filing a notice of appeal against 2023's landmark ruling that the sales of the crypto asset XRP only qualify as securities when sold to institutional investors.

Ripple announced its expansion on October 1, highlighting the importance of DFSA's “in-principle approval.” This approval allows Ripple to deliver its “enterprise-grade” digital asset infrastructure from the DIFC.

On Wednesday, October 2, the United States Securities and Exchange Commission (SEC) took a formal step in extending the XRP lawsuit with Ripple by filing a Notice of Appeal of Judge Torres's ruling.

The Ripple SEC case has been one of the high-profile and long-running legal battles in the crypto sector. In the latest development, the US SEC has filed for a Notice of Appeal in the ongoing battle, just ahead of the deadline, indicating an extended period for the legal battle to be over.

The SEC has officially appealed its case against Ripple following a historical ruling on Aug. 7, in which Ripple was ordered to pay a $125 million civil penalty, although the regulator was asking for $2 billion. The motive is that the district court's decision goes against long-standing Supreme Court precedents and established securities laws.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The cryptocurrency market exhibits a bearish stance, with the Fear & Greed Index signaling fear at 36 as Bitcoin threatens potential declines beneath $60,000. Meanwhile, various developments attracted the attention of crypto enthusiasts as bears flexed their muscles over the past day.

Ripple has partnered with Mercado Bitcoin, the largest crypto exchange in Latin America, to enhance cross-border payments in Brazil using its end-to-end payments solution that leverages blockchain technology, per an Oct. 3 statement. Mercado Bitcoin will be the first client in Brazil to adopt Ripple's payment system to streamline treasury operations between Brazil and Portugal.

The SEC has officially submitted an appeal against Ripple to the U.S. Court of Appeals for the Second Circuit, challenging the August 7, 2024 ruling. Ripple CEO Brad Garlinghouse criticized the SEC for harming its credibility and prolonging the battle instead of protecting investors.

Crypto prices struggled as tensions escalated in the Middle East.

Cowboy Crypto, in a latest X post, has shared a little review of SEC officials who are involved in the SEC vs Ripple case. He has asked to pay attention to all the Congressmen/Congresswomen who have not said a word about this appeal of government overreach and blatant corruption.

Hold your horses, the battle between the Securities and Exchange Commission and Ripple isn't quite over yet.

Ripple and Mercado Bitcoin launch a new payment system in Brazil, enhancing cross-border transactions and simplifying currency exchanges. The post Ripple and Mercado Bitcoin initiate cross-border payment service in Brazil appeared first on Crypto Briefing.

Peter Brandt, one of the most highly reputed commodity traders, has predicted that the price of the Ripple-affiliated XRP cryptocurrency is going to plunge to zero against Bitcoin.

After a major setback, the blockchain payments network Ripple teamed up with Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America to launch cross-border payment using cryptocurrency. The main objective of this significant development is to enable Brazil to utilize Ripple's end-to-end payment solution.

Most of the coins remain under sellers' pressure, according to CoinMarketCap.

Ripple has partnered with Mercado Bitcoin to introduce Ripple Payments to enhance their funding operations with Portugal.

XRP, the native token of Ripple, experienced a significant decline of over 12% on Thursday, dropping to 51 cents per coin, following the US Securities and Exchange Commission's (SEC) announcement to appeal a pivotal court ruling.

Ripple, a leading digital asset infrastructure provider, has partnered with Brazil's largest crypto exchange, Mercado Bitcoin, cracking the newest possible blockade by the US Government. The SEC, on October 2, filed a notice of appeal in the lawsuit with an aim to reverse a decision rendered by Judge Analisa Torres.

Ripple will launch crypto-based payments across Brazil. The announcement was made on the company's website on October 3rd.

Ripple has announced that its payments solution is now available in Brazil, which follows digital asset infrastructure provider's partnership with crypto exchange Mercado Bitcoin. According to a Ripple announcement on Oct.

Watch Daily: Monday - Friday, 3 PM ET

The U.S. Securities and Exchange Commission (SEC) ‘s 7-year-long case against Ripple could drag on after the agency filed a notice of appeal against Judge Analisa Torres' August ruling in the landmark XRP lawsuit.

While the crisis in the Middle East might be the primary reason behind the current Bitcoin (BTC) and general market slip, XRP's drawdown was compounded by the latest U.S. SEC move. The market regulator stunned the community on Oct. 2 when it filed a Notice of Appeal to contest XRP's sale status.

Blockchain firm Ripple said it's prepared to continue its legal battle against the Securities and Exchange Commission. Ripple CEO Brad Garlinghouse made the pronouncement on social platform X Wednesday evening (Oct. 2), hours after the SEC said it was appealing a ruling in its case against the company.

Web3 interoperability platform Axelar has launched the Mobius Development Stack (MDS) on its mainnet, describing it as “the first-and-only holistic interoperability platform.”

Mercado Bitcoin, one of the largest crypto exchanges in Latin America and a partner of Mastercard, is working with Ripple on crypto-enabled international payments.

The situation has started to get worrisome for XRP as selling pressure is increasing. The XRP price is also significantly down today as bears have taken control of the market.

Ripple has officially launched Ripple Payments in Brazil, partnering with Mercado Bitcoin, the largest cryptocurrency exchange in Latin America, to streamline cross-border payments. Ripple, founded in 2012, is a provider of digital asset infrastructure focused on improving financial transactions globally.

APT shines amid overall index losses, climbing 10.8%.

Ripple's latest escrow activity has once again captured attention, but it wasn't enough to shield XRP from the broader market downturn. On October 1, 2024, Ripple re-locked 800 million XRP into escrow shortly after unlocking 1 billion tokens as part of its monthly routine.

XRP, the cryptocurrency associated with Ripple Labs, is experiencing a notable decline in price today, dropping approximately 12.75% in the last 24 hours to reach a monthly low of $0.511 on October 3, 2024. Several factors contribute to this downturn, including a significant legal challenge from the U.S. Securities and Exchange Commission (SEC) and escalating geopolitical tensions in the Middle East.

Whale transactions over $1 million hit a six-month high on October 1, suggesting accumulation following XRP ETF buzz.

The XRP price has plummeted by 11% in 24 hours, with its drop to $0.5219 coming after the SEC filed a notice of appeal in its long-running legal battle with Ripple.

Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.

Ripple has launched its payment solution in Brazil, allowing crypto exchange Mercado Bitcoin to use the tech first.

The integration of Axelar's MDS by major blockchains could significantly enhance web3's interoperability, fostering a more connected ecosystem. The post Sui, XRP Ledger, EigenLayer set to integrate Axelar's new Mobius Development Stack appeared first on Crypto Briefing.

Mercado Bitcoin plans to offer its corporate and retail customers support for international payments, allowing users to transact with Brazilian Reais.

TL;DR Bitwise's Strategic Pivot: Bitwise Asset Management has filed for an XRP ETP (Exchange-Traded Product) instead of an ETF, aiming for smoother regulatory approval. Market Reactions: The filing led to a surge in XRP transaction volume and whale activity, indicating strong interest from traders and institutional investors.

As is now known, the SEC has officially appealed its case against Ripple following a historical ruling on Aug. 7, in which Ripple was ordered to pay a $125 million civil penalty, which was a lot less than the $2 billion the regulator was asking for. The motive is that the district court's decision goes against long-standing Supreme Court precedents and established securities laws.

The 2024 U.S. presidential election looms, discussions about its impact on the cryptocurrency market have taken center stage. Among the voices weighing in is Eric Balchunas, a notable analyst at Bloomberg.

Whale activity, transaction volume, and Social Dominance can drive XRP's Q4.

Days before the deadline, the SEC filed an appeal against the court ruling that declared XRP as not a security, reigniting its legal battle with Ripple Labs just after the departure of its Enforcement Director, Gurbir Grewal.

The US Securities and Exchange Commission has filed a notice of appeal against Ripple Labs, the creator of the Ripple XRP cryptocurrency. The appeal, filed in the Southern District of New York, suggests the long-runnin, high-profile dispute between Ripple and the US securities watchdog had not been put to bed yet.

We turned to the AI platform ChatGPT to try to understand the forecast for XRP (Ripple) in the month of October.

After the United States Securities and Exchange Commission (SEC) reignited the legal fight against blockchain company Ripple over its sales of XRP (XRP) with an appeal to a key ruling, many are wondering about the token's future and artificial intelligence (AI) algorithms are not optimistic.