Ripple Files Lawsuit Against YouTube.
YouTube Accused of Ignoring Ripple's Complaints
Ripple has been vocal about its complaints against Facebook and Twitter, alleging that both companies have not done enough to protect its interests. However, Ripple's recent video appears to show that the company is not particularly interested in addressing its complaints.
Ripple Sues YouTube for Failing to Remove Fraudulent Videos
Ripple, the global digital asset and payment network, has filed a lawsuit against YouTube for failing to remove fraudulent videos that are damaging the company’s reputation.
According to the lawsuit, Ripple has identified more than 200 fraudulent videos that have been posted on YouTube and other websites, including Facebook and Twitter, with the intent of harming the company’s reputation. The fraudulent videos include content that falsely claims Ripple is a scam, is not secure, or is not legitimate.
Ripple is requesting that YouTube remove the fraudulent videos and stop allowing them to be monetized. The company is also seeking damages for lost revenue, harm to its reputation, and other expenses incurred as a result of the fraudulent activity.
YouTube has responded to the lawsuit by stating that it takes down videos that violate its policies. However, YouTube is not liable for the content of fraudulent videos that are not removed.
Ripple Claims YouTube Neglected to Stop Scammers
Ripple has accused YouTube of neglecting to stop scammers from using its platform to dupe unsuspecting users.
In a blog post, Ripple Labs said that it had received reports from users who had been duped by scammers using the company’s name and logo.
Ripple argued that YouTube had a responsibility to take action against these offenders, and said that it had contacted the video sharing platform about the issue.
However, Ripple said that it had not received a satisfactory response.
Ripple Labs said: “YouTube has a responsibility to take action against these offenders and protect their users. We have reached out to YouTube about this issue and remain hopeful that they will take appropriate action.”
In a statement, a YouTube spokesperson said: “We take reports of unauthorized use of our platform seriously and review any footage that we become aware of. We have reached out to Ripple Labs to discuss their concerns and will continue to do so.”
Ripple Takes Legal Action Against YouTube Over Failed Enforcement
Ripple has filed a lawsuit against YouTube for failing to enforce its terms of service. In the suit, Ripple alleges that YouTube has refused to remove videos which promote the use of Ripple’s products.
Ripple claims that it notified YouTube of the violation but that the company has not taken any action. Ripple is seeking damages and an order requiring YouTube to take action.
YouTube has not yet responded to a request for comment.
Ripple’s Suit Against YouTube Comes as Crypto Markets Slump
Ripple’s legal action against YouTube comes as the cryptocurrency markets have been in a tailspin over the last several months. Since January, the market value of all cryptocurrencies has fallen by almost half. Ripple has seen its value decline by more than 60% over the same period.
The lawsuit against YouTube is likely to further dampen investor sentiment. Bitcoin, the largest cryptocurrency by market value, has fallen by more than 50% over the last month.
Ripple Challenges YouTube Over Unsolved Crypto Scams
Ripple has issued a challenge to YouTube over its failure to address the rampant spread of crypto scams. The challenge was issued in a blog post on Ripple’s website, and was prompted by the recent circulation of a video that purports to show how to make money trading XRP.
In the video, which has been viewed more than 2 million times, a person claims to be able to make millions of dollars by trading XRP. Ripple says that such scams are damaging the reputation of the digital asset, and they are calling on YouTube to take action.
Ripple CEO Brad Garlinghouse said:
“It’s time for YouTube to step up and take responsibility for addressing this issue. For too long, YouTube has been a platform for promoting scams and misleading people about digital assets. It’s time for them to do more to protect their users and stop this dangerous behavior.”
YouTube has responded to the challenge, saying that it is working to tackle the issue of crypto scams. In a statement, a YouTube spokesperson said:
“We continue to work on solutions with our community and partners to tackle scam videos on YouTube. We have made significant progress in recent months, with more than 80% of ads blocked before being served and a significant increase in the number of channels removed for policy violations.”
Ripple is not the only company that is concerned about the spread of crypto scams on YouTube. Earlier this year, Google announced that it was working on a new ad system that would allow brands and creators to block ads that are associated with scams.
Court Battle Begins as Ripple Files Suit Against YouTube
Ripple is suing YouTube for copyright infringement. Ripple alleges that YouTube has been using its Ripple logo and branding in a way that is unfair and unlawful.
Ripple intends to seek an injunction to stop YouTube from continuing its infringing conduct, as well as monetary damages.
This lawsuit comes as a surprise, as Ripple has been relatively quiet about its intellectual property rights. This may be a sign that Ripple believes that it has a strong case against YouTube.
YouTube has not yet responded to the lawsuit.
Ripple Cites YouTube Neglect in Legal Dispute
Ripple, the global financial technology company, has filed a lawsuit against YouTube for “gross neglect” of its copyright obligations.
According to the suit, YouTube has not paid proper royalties to Ripple for the use of its video content on the platform. The complaint alleges that YouTube has not made any efforts to rectify the situation, despite repeated requests from Ripple.
In a statement, Ripple CEO Brad Garlinghouse said:
“YouTube has been blatantly ignoring its copyright obligations to Ripple for far too long. We hope that this lawsuit will compel YouTube to finally start paying us what we rightfully deserve.”
Separately, Ripple also filed a complaint with the European Union’s competition regulator, claiming that Google and Facebook are using their market dominance to unfairly exclude rivals such as Ripple.
YouTube Challenged by Ripple Over Unaddressed Crypto Scams
Ripple has come under fire recently from the crypto community for its lack of response to crypto scams.
In a recent blog post, Ripple criticized the crypto community for its lack of response to scams such as the one involving Bitconnect.
Ripple stated that the crypto community’s silence on these scams is “disappointing and a missed opportunity.”
The post goes on to state that it is important for the crypto community to take a stand against scams and protect investors.
Ripple’s criticism of the crypto community comes after several scams have been uncovered in the past few months.
For example, the CryptoCurrency Public Advisory Committee (COPAC) has warned investors not to invest in the Ponzi scheme Bitconnect.
Bitconnect is a cryptocurrency exchange that has been accused of being a scam. The company has since shut down.
Ripple also criticized the crypto community for its silence on the scam involving the DAO. The DAO is an Ethereum-based venture capital fund that was hacked in June of 2016.
The DAO was a controversial project because it allowed users to invest in it without knowing what they were investing in.
The DAO was hacked, and over $150 million was stolen. The Ethereum community is still debating whether or not to refund the investors who lost money in the DAO hack.
Ripple has been criticized in the past for its ties to the banking industry. Critics argue that Ripple’s goal is to create a new financial system that is controlled by the banks.
Ripple Calls Out YouTube For Not Stopping Crypto Fraudsters
Ripple has called out YouTube for not doing enough to stop crypto fraudsters.
In a blog post on Monday, Ripple detailed how crypto fraudsters are using its network to perpetrate scams. The company said that YouTube is “incapable of effectively policing” its platform, which leaves it open to scammers.
Ripple said that its technology can help YouTube “identify and prevent fraudulent activity before it impacts user experience.” The company added that it’s working with YouTube to develop a “detailed plan” to address the issue.
Ripple has been vocal about its concerns over crypto fraudsters in recent months. The company released a report last month that detailed how scammers are using its network to steal funds.
Ripple Vows to Bring YouTube to Court Over Unresolved Crypto Issues
Ripple has vowed to pursue legal action against YouTube over unresolved crypto issues.
In a blog post on Wednesday, Ripple CEO Brad Garlinghouse said the company would take legal action “if YouTube does not meet our demands for resolving these issues.”
Garlinghouse said Ripple had sent letters to YouTube and Google demanding that the companies resolve a number of crypto-related issues, including the placement of Ripple products and ads on YouTube channels and the return of stolen Ripple assets.
“If YouTube does not meet our demands for resolving these issues, we will take appropriate legal action,” said Garlinghouse.
In response to the blog post, a Google spokesperson said: “We have been in communication with Ripple and are working to resolve any issues they have.”
Ripple has been lobbying YouTube to place its products and ads on the platform more prominently, arguing that they should be given parity with other digital channels.
However, YouTube has so far refused to place Ripple products and ads in a way that meets the company’s standards.
As of February 2019, there were 2.2 billion monthly active users of YouTube, making it one of the most popular online platforms.
Ripple Seeks Justice From YouTube For Mishandled Crypto Scams
Ripple is seeking justice from YouTube for mishandled crypto scams. The cryptocurrency firm says that scam artists have been exploiting the platform to trick people into investing in fraudulent tokens.
In a blog post published on Monday, Ripple detailed how scammers have been using YouTube to promote their fraudulent projects. The company says that these scams have cost investors millions of dollars over the past few years.
Ripple says that it has filed a number of complaints with YouTube over the past year, but that the platform has not done enough to address the issue. The company says that it is now demanding that YouTube take action to stop the scams from happening in the first place.
Ripple Adds A New Currency To Its xRapid Platform
Ripple has announced the addition of a new currency to its xRapid platform. The new currency is called XRP Ledger Token (XRT). XRT is a new form of digital asset that can be used to speed up transactions between banks and financial institutions.
XRP Ledger Token is a stablecoin that is backed by real world assets. This means that XRP Ledger Token will not experience the same volatility as other cryptocurrencies.
XRP Ledger Token is currently available to use on the xRapid platform. The platform is expected to launch in early 2019.