Category: chris larsen

Ripple co-founder Chris Larsen: Bitcoin should switch to Proof-of-Stake, PoW is outdated

Ripple co-founder Chris Larsen has criticised the proof-of-work consensus mechanism for its energy consumption and called for Bitcoin to switch to proof-of-stake. Bitcoin’s massive energy consumption is eroding all the good that the cryptocurrency is doing and could ultimately cost it the support of institutional investors. Bitcoin should consider switching from the current energy-intensive proof-of-work […]

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XRP Surges Past $1.85 As Ripple Executives File Motion to Dismiss SEC Lawsuit, New ATH Coming Soon?

Ripple’s XRP seems to unstoppable at this point as the world’s fourth-largest cryptocurrency recently surged past $1.85 levels with its market cap moving above $82 billion. XRP is currently trading at a 3-year high and at levels last seen during the 2018 altcoin bull run. In the last 24 hours, the XRP price has gained 27% […]

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World’s Wealthiest Annual Ranking Now Lists 12 Crypto Billionaires

The American business magazine Forbes recently published the company’s 2021 documentation of the wealthiest billionaires in the world. According to the list published annually every March, there are now 12 billionaires that work directly within the cryptocurrency industry and the list of crypto billionaires is 3x larger than last year. Today’s Crypto Billionaires List Since […]

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Ripple’s Garlinghouse, Larsen to file motions to dismiss in SEC lawsuit

Twin letters filed in federal court indicate that Ripple CEO Brad Garlinghouse and co-founder Chris Larsen will seek a dismissal of the Securities and Exchange Commission’s ongoing lawsuit. The letters, linked here and here, set forth the arguments for dismissal. Both letters highlight pending motions to dismiss, which as of press time are not publicly […]

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Who Will Win SEC Or Ripple, An In-depth Review of SECs Ripple lawsuit

The Security and Exchange Commission (SEC) formally filed a lawsuit against Ripple on 23 rd December for a $1.3 billion sales of an unregistered security. What separates this security lawsuit from similar other ones like that of Block.One and Telegram in the crypto space is the fact that SEC has formally named the founder Chris […]

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Two of the largest trading desks in crypto have alerted clients that they will stop making markets in XRP

Two of the largest trading desks in crypto have alerted clients that they will stop making markets in XRP

Jump Trading, the secretive Chicago-based high-frequency trader, and Mike Novogratz’s Galaxy Digital have stopped making markets in XRP after the Securities and Exchange Commission filed a lawsuit against Ripple, according to sources. Jump Trading is one of the most active firms in the crypto market and is known for providing liquidity to exchanges. The firm […]

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It’s Official: SEC Files $1,3 Billion Lawsuit Against Ripple And Its Executives

The Securities and Exchange Commission (SEC) is filing a lawsuit against the American technology company Ripple. Likewise, the SEC considers XRP, Ripple’s official digital currency, an “unregistered securities offering”, which was sold for $1,3 billion. SEC charges Ripple and two executives with conducting $1.3 billion unregistered securities offering https://t.co/3VP23RpSyV — SEC_News (@SEC_News) December 22, 2020 […]

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Ripple Co-founder Hints Shifting Base Out of the U.S, Blames Regulators

Former Ripple CEO and co-founder Chris Larsen recently spoke out his mind on crypto regulations in the U.S. and the lack of clarity. Speaking to the Fortune reporter Jeff John Roberts, Larsen said that excessive regulations have been hurting innovation. Thus, they are planning to move the Ripple headquarters from San Franciso to other crypto-friendly […]

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