Ripple Secures Another Win Against SEC, Trial Date Set
Ripple has achieved another victory in its ongoing legal battle against the United Securities and Exchange Commission (SEC). Judge Torres dismissed the SEC’s intentions to appeal a court ruling from July that favored Ripple. Additionally, a trial date has been set for April 24, 2024. This comes after Ripple was recognized for its efforts in modernizing cross-border payments and being named one of the best workplaces in technology.
Ripple Introduces Anti-Fraud Feature for XRP Ledger
Ripple has unveiled the XLS-39 Clawback feature for the XRP Ledger (XRPL). This feature adds an extra layer of token control by allowing users to “claw back” funds in the event of fraudulent activity. The aim is to enhance security and protect users from potential scams.
XRP Price Reacts to Legal Victory
Following the latest court decision in Ripple’s favor, the price of XRP experienced a significant surge, reaching nearly $0.55. However, it later followed the overall bearish trend in the cryptocurrency market and currently trades at around $0.52.
Shiba Inu Telegram Compromised, Community Warned
The popular meme coin Shiba Inu faced a security issue when its Telegram admin account was compromised. Fraudulent individuals used this opportunity to announce a fake token airdrop for BONE. The community was warned not to click on any links related to this offering. Additionally, individuals were advised to exercise caution when entering SHIB’s ecosystem due to bad actors misusing the coin’s logo or name.
Hot Take: Ripple Continues Legal Triumphs and Enhances Security Measures
Ripple’s recent legal victories against the SEC demonstrate its resilience and commitment to defending its position in the crypto industry. The introduction of the Clawback feature for the XRP Ledger further strengthens Ripple’s efforts to protect users from fraud and maintain a secure ecosystem. As Ripple continues to make strides in both legal battles and technological advancements, it solidifies its position as a significant player in the cryptocurrency space.
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