Ripple Seals Major Partnership With Canada's Biggest University to Launch XRP Ledger Validator

Ripple has entered a partnership with Canada's largest university by enrollment, the University of Toronto. The partnership is a part of Ripple's University Blockchain Research Initiative (UBRI), a program that supports a diverse portfolio of blockchain research, technical development, and innovation at universities around the world.

Timeline of Xrp

The chairman and CEO of Japanese financial giant SBI Holdings Inc., Yoshitaka Kitao, has made an extremely bullish prediction about the XRP price and Ripple Labs as a company. As is well-known, Kitao is one of Ripple's biggest supporters and, remarkably, a former board member of the fintech (replaced by Adam Traidman).

Expectations are rising in the XRP community ahead of a likely reveal slated for June 13. The publicly redacted documents of former SEC official William Hinman and cross-motions for summary judgment in the Ripple lawsuit are expected to be made available on June 13.

Amid a major market downturn, Ripple's XRP cryptocurrency has exhibited commendable resilience, sidestepping the major sell-off that has ensnared numerous other leading digital assets. Remarkably, XRP only experienced a 5.7% price decline in the recent market upheaval, a mere blip when juxtaposed with the precipitous 30% to 40% drops experienced by coins such as Cardano (ADA) and Binance Coin (BNB).

In a remarkable turn of events amid the current crypto market downturn, XRP has managed to secure a surge of promising investment inflows. As CoinShares reports, the fund flows into investment products oriented on XRP has reached a significant milestone.

Richard Holland, seasoned XRP Ledger developer and lead of its "Hooks" workload, explains one concept that can simultaneously change the narrative in both scalability and cross-network interoperability for XRPL. It can also address the problem of block capacity that is a bottleneck for almost everyone scaling development in mainstream L1s.

Pro-XRP lawyer John Deaton says that the big banks will attempt to swoop in and acquire vast pieces of the crypto market after the U.S. Securities and Exchange Commission (SEC) hammers it down.

In a significant development for the crypto industry, the University of Toronto, Canada's largest university, has announced a partnership with Ripple to establish an independent XRP ledger validator, according to a report by CoinDesk published on June 12, 2023.

After a solid upward trend that reached a significant resistance region at $0.55, the volatility picked up in the past few days, resulting in a rejection toward the 100-day moving average and the channel's middle trendline. Currently, the XRP price is consolidating without providing any solid indication of its future direction.

As the fifth anniversary of former SEC official William Hinman's speech on cryptocurrencies draws near, crypto law expert John Deaton sheds light on the potential impact of related email exchanges on Ripple and Coinbase. Deaton's insights could provide a new perspective on the controversial issue of crypto regulation and the notorious suits against crypto companies.

In a recent Twitter exchange, Ripple's CTO and one of the original architects of the XRP Ledger, David Schwartz, provided valuable insights into the strategic shift and vision that underpins the company's focus on XRPL.