Matt Hamilton, a former Principal Developer Advocate at FinTech firm Ripple, has defended the utility of the $XRP token and said that smart contracts are coming to the cryptocurrency’s ledger. These could be used to power decentralized applications, the way they are used on other networks such as Ethereum and the BNB Chain.

Brad Garlinghouse, American businessman and Chief Executive of Ripple Labs, is outraged at how Wells Fargo’s recently-uncovered asset mismanagement is being reported and handled by U.S. financial authorities, compared to the magnitude of coverage the FTX collapse has attracted.

An anonymous whale withdrew 150M XRP from the world’s largest exchange.

Ripple has spent the week in a tight trading range, but there is no question that the bear market rages on. The price action seems relatively quiet following the large drop XRP experienced last week.

The long running lawsuit between US SEC and Ripple is yet to receive summary judgment after a complete deposition by all parties. However, Attorney James Filan has dropped an updated schedule of the XRP lawsuit after Ripple and SEC asked the court to extend a deadline.

In a tweet, senior XRPL Labs developer Wietse Wind disclosed that over 100 developers are working on the XRPL and XRPL-related projects.

U.S. Securities and Exchange Commission (SEC) on Wednesday charged the Former CEO of Alameda Research and former CTO of FTX, Zixiao Wang for their roles in a marathon defraud scheme. However, Ripple’s General Counsel has claimed that the SEC has lost the plot line in the Sam Bankman-Fried (SBF) led collapse in the crypto market.

The federal judge in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. has granted a joint motion from all parties to extend the deadline for the Daubert Motions that would exclude certain expert testimonies. In December 2020, the SEC filed a lawsuit against Ripple and its executives, alleging the sale of XRP constituted an offering of unregistered securities worth over US$1.38 billion. (forkast)

Large addresses on the $XRP Ledger, a blockchain platform that enables fast, low-cost payments across the globe, have been “rapidly accumulating” tokens before the end of the year, with data showing that both the number of large addresses and the percentage of supply they control have hit a new all-time high.

Attorney James Filan reported that Ripple and SEC have filed a joint motion asking the court to extend the time. Both parties have asked the court to stretch the deadline until January 13, 2023 to file the Daubert Motions.

Among those seeking to get their eyes on Hinman’s documents is the entity Digital Assets Investor (DAI). On Tuesday, the entity enquired from the renowned XRP community lawyer representing over 75k XRP holders in court to know the reasons Ripple is withholding the documents from the public. 

The founder of Cardano has made some notable comments, denoting his thoughts on the Ripple network and its native token, XRP. In a response tweet to being called out for distancing himself from the Ripple community, he set the record straight on his views about Ripple. 

XRP whales and sharks are rapidly accumulating as the year ends.

MoneyGram rolls out an online remittance platform in Brazil. Ripple links lead to speculation that the payment giant may be using Ripple ODL.

The parties request a time extension to file their respective Daubert motions in the public docket.

XRP Lawsuit News: The U.S. Securities and Exchange Commission (SEC) is allegedly pushing its limits in order to tighten its jurisdiction over the digital asset industry. However, XRP Holders’ lawyer has claimed that the SEC is filing cases against crypto firms as it wants to kill the market.

Ripple’s CEO Brad Garlinghouse has slammed SEC chairman Gary Gensler for not investigating bankrupt cryptocurrency exchange FTX before the fall of the crypto trading firm. 

Ripple CTO David Schwartz has criticized Ethereum founder Vitalik Buterin for misrepresenting Ripple’s nati XRP. Schwartz slammed Buterin for failing to understand or pretending to be unaware of the distinction between Ripple and XRP.

Standard Custody, a subsidiary of Polysign, which provides institutional custody services for digital assets, will support FLare Networks FLR token, says Polysign CEO Jack McDonald.

XRP whales remain active amid the prevailing bear market and uncertainties surrounding the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). The past week has especially witnessed a concentration of whale movements, as whale addresses have moved over 1 billion XRP in the past seven days.