Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
The Securities and Exchange Commission has made a compelling case for pursuing a mid-case appeal to delve deeper into the intricacies of the law.
A judge granted permission for the SEC to proceed with the appeal.
Terraform Labs contended that the sale of UST to retail investors did not involve any contractual obligations.
The report stated that Ripple's XRP offerings are distinctive, and the broader implications of the court's ruling are challenging to ascertain.
Last week, Ripple achieved a notable victory against the SEC with a partial win in a summary judgment, which was widely celebrated within the cryptocurrency industry. Despite this success, the project continues to be shrouded in controversy. Why does it still evoke such mixed opinions and reactions?
In the past 24 hours, the open interest for XRP-based futures contracts surpassed an impressive milestone, reaching a staggering $1.1 billion.
Last week, Ripple achieved a partial triumph in its battle against the SEC as a court ruling determined that the institutional sales of the tokens were in violation of federal securities laws, while sales on exchanges and programmatic sales were not found to be in violation.
The report suggests that these documents are set to amplify the momentum among leading cryptocurrencies in their pursuit of increased decentralization, aiming to emulate the features and structure of ether.
The token plummeted to a new low of 46.18 cents, marking its lowest point this month, amidst a crypto market sell-off on Wednesday afternoon.