Ripple to Buy New York Crypto Trust Company to Expand U.S. Options

Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesday, in order to secure a New York trust charter in an ongoing expansion of its U.S. regulatory licensing.

Timeline of Xrp

Cryptocurrency analyst and professional trader Crypto Patel has expressed optimism regarding the future outlook of the XRP price. The analyst has identified a distinctive technical pattern within the XRP price chart that has the potential to trigger a significant price shift for the cryptocurrency.

David “JoelKatz” Schwartz, the Chief Technology Officer (CTO) of Ripple Labs, has offered an interesting commentary on the narrative regarding Tron founder Justin Sun working for the company years ago.

Ripple co-founder Chris Larsen fell victim to a cyber theft that saw $112 million worth of XRP siphoned from his accounts. This incident, initially perceived as a targeted attack on an individual's digital assets, has taken a new turn following an investigation by Hacken, a leading cybersecurity firm.

As The Block reported earlier today, Deribit, a leader in the cryptocurrency derivatives exchange market, has announced its decision to broaden its offerings by incorporating linear options for Solana (SOL), XRP, and Polygon (MATIC).

Ripple, a prominent player in real-time gross settlement systems, has disclosed plans to extend its Ripple Payments services within the United States, as announced by Senior Director W. Oliver Segovia.

Cryptocurrency enthusiasts are on high alert as XRP, Ripple's native token which witnessed tumultuous trading recently, appears to be regaining momentum. Meanwhile, renowned crypto analyst Dark Defender's optimistic forecast on the X platform has triggered excitement, suggesting a potential breach of a key resistance level with eyes set on $0.60.

The crypto ecosystem is in a general consolidation mode with XRP riding the wave in a personalized manner. The price of the digital currency has stayed relatively flat over the past 24 hours, gaining 0.70% to $0.5078.

In a recent update shared on the X platform, Ripple emphasizes the crucial link between innovation and regulatory clarity, particularly in the context of decentralized finance (DeFi). The collaborative effort, including a public-private roundtable co-hosted by Ripple and TRM Labs, delves into the need for new regulatory frameworks and compliance-first approaches to fuel the anticipated

In a significant development within the cryptocurrency space, Binance, one of the world's leading crypto exchanges, has taken a strategic step to assist Ripple in recovering stolen funds.

CEO Richard Teng lauded the swift response of the XRP Ledger Foundation to a recent security breach involving Ripple Labs Co-Founder Chris Larsen's personal wallets. Furthermore, Teng shed light on the community's effort in handling the case, highlighting Zach XBT's role in flagging the incident to exchanges.