XRP is making waves in the crypto world! Today,January 15,2025,the Ripple rate surged by an extraordinary 11.9%, hitting €2.78 ($2.84). But that’s just the tip of the iceberg.XRP has achieved something monumental—its total market value now surpasses that of BlackRock, the world’s largest asset manager.
As of this date, XRP’s market capitalization stands at a staggering $162 billion. Too put it in viewpoint, BlackRock’s market cap remains at $154 billion. This milestone isn’t just about numbers; it’s a testament to XRP’s growing influence in the cryptocurrency landscape.
Ripple’s technology is increasingly adopted by businesses for cross-border payments, and investors are showing more trust in XRP’s potential. The momentum is undeniable.
The Legal Battle: Ripple vs. SEC
While XRP’s success is undeniable, Ripple remains entangled in a legal dispute with the SEC (Securities and Exchange commission). The latest update came from attorney James K.Filan: both parties agreed to file additional documents 21 days after the opposing party submits a crucial one. The SEC is set to file its initial letter on January 16.
The tension is palpable. Ripple’s lead lawyer, Stuart Alderoty, expressed frustration over the SEC’s refusal to grant a requested delay. In a tweet, he labeled the SEC’s approach as a “waste of time and taxpayer money.” Yet, Alderoty remains hopeful: “We look forward to working with the new leadership at the SEC to resolve this.”
A New Era with New Leadership?
Why the optimism? A important change is coming at the SEC. Current chairman Gary Gensler, known for his stringent crypto policies, will step down on January 20. His successor, Paul Atkins, is rumored to have a more favorable stance toward cryptocurrency.
The crypto industry is buzzing with anticipation. Ripple’s CEO, Brad Garlinghouse, has previously criticized Gensler, labeling his strategy as “failed.” The hope is that Atkins will bring a fresh, more balanced approach.
Change is indeed on the horizon. What this means for Ripple and the crypto world remains to be seen, but the possibilities are intriguing.
What are the potential legal and ethical repercussions for Meta if the allegations of using pirated books to train its AI are proven true?
Meta Used Pirated Books to Train AI, Authors Allege
By Archyde News
In a recent court filing, it has been revealed that Meta, the parent company of Facebook, knowingly used pirated books to train its AI models, according to allegations from authors. This revelation has sparked controversy and raised questions about the ethical practices of tech giants in sourcing data for artificial intelligence development.
The filing indicates that Mark Zuckerberg, Meta’s CEO, approved the use of this pirated data to train the company’s LLaMA AI systems. Authors claim that their copyrighted works were unlawfully utilized without consent or compensation,highlighting a broader concern about the misuse of intellectual property in the AI industry.
This development underscores the challenges in regulating the rapidly evolving field of AI, where the demand for vast datasets often clashes with copyright laws and ethical standards. Critics argue that companies like meta should prioritize transparent and lawful data sourcing to avoid undermining creators’ rights.
as the legal proceedings unfold, this case could set a precedent for how tech companies handle copyrighted material in AI training. Stay tuned to Archyde for further updates and in-depth analysis on this unfolding story.
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last Updated: 2025-01-15
