Bitcoin shares a strong correlation with most cryptocurrency assets. However, this correlation has not yet helped the third-largest digital currency XRP. The digital asset despite much volatility in the extended crypto market has been moving within a strict range and has managed to return 22.23% year-to-date. While the investors wonder when the price of XRP...Read More
Ripple’s Q3 market report revealed that XRP’s average daily volume reported in Q3 was $403.58 million, a considerable increase from $196.28 million in Q2. Source: Q3 2020 XRP Markets Report This volume was inclusive of Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on-demand. Regarding Ripple’s...Read More
An analytics firm has claimed today they found an increasing number of reports from XRP holders who seem to be falling victim to a new scam. XRP Forensics published a tweet on 5 November that warned XRP community to “stay alert.” We [XRPlorer] also see an uptick in reports of stolen XRP as a result...Read More
Ripple Locks 800 Million XRP at Escrow One of the crypto tracker that records the huge and interesting crypto transfers and transactions recently recorded an XRP transaction. According to Whale Alert, nearly 800 million XRP tokens were locked at escrow at Ripple. The escrow is a feature at the XRP Ledger that enables the user...Read More
Many in the community have often raised a host of questions about XRP’s viability and utility. Facing one of these questions recently, CTO of Ripple, David Schwartz, stated that a “combination of obstacles” is likely responsible for banks holding back from using XRP as a bridge asset. During an exchange on Twitter, Schwartz commented, “I...Read More
On 28 October, SBI Holdings announced that Ripple Labs Inc’s decision to invest in Money Tap Co., Ltd, a subsidiary of SBI Holdings. The details of the nature of investment have not been made public, but through this partnership, Money Tap will develop new functions and services which will include “small-amount collection service and corporate...Read More
CEO of crypto payments firm Ripple, Brad Garlinghouse today said that his firm did not plan on following major crypto exchange Coinbase’s new change of policies that does not allow political distractions at work. Coinbase’s new policy, which received much attention, required its employees to avoid getting distracted by political and social issues, and instead...Read More
Ripple partner Terrapay has announced its intention to strengthen its entry in North America with an approved FINTRAC Canada MSB License. This is big news, especially for a sector that is seeing blockchain technology revolutionize itself, especially since as per the World Bank’s data for 2018, the outward remittance value from Canada was as high...Read More
Ripple CEO Brad Garlinghouse is the latest popular individual to criticize the apolitical approach recently taken by the cryptocurrency exchange Coinbase. Just the opposite, Ripple has offered employees paid time off to vote and volunteer in the upcoming US Presidential elections. Ripple CEO Disagrees With Coinbase CEO Brian Armstrong, the Chief Executive Officer of the...Read More
Ripple board member and a close family friend of US President Donald Trump, Ken Kurson, has been arrested following allegations of cyberstalking. According to the New York Times, Kurson has stalked and harassed a total of five victims, including his ex-wife. He was reportedly most vicious against a friend of his ex-wife, whom he blamed...Read More
Ripple has expressed dissatisfaction over the regulatory uncertainty surrounding cryptocurrencies in the United States. Apart from this, the San Francisco-based firm has also decided to act. By moving out of its home turf. But where will Ripple move next? Here are the relocation options. Ripple’s Asia Options: Japan, Singapore & the United Arab Emirates When...Read More
For a while now, Brad Garlinghouse, CEO of San Francisco-based crypto payment company Ripple has been tweeting about the need for regulatory clarity. Garlinghouse revealed that he is considering moving Ripple’s headquarters to London over the lack of clear regulations with regard to cryptocurrencies in U.S. Garlinghouse especially considered relocating to the UK because the...Read More
Ken Kurson, member of payment protocol firm Ripple’s board of directors, was arrested on Friday and has been charged by federal prosecutors in Brooklyn for cyberstalking in connection with his divorce. Authorities have also accused the Ripple board member of sending threatening and stalking messages to several people. Reports state that Kurson allegedly threatened an...Read More
Stablecoins are hotter than ever, with Tether’s trade volume surpassing Bitcoin’s by 55% in the past 24 hours. Led by surges in the USDC and USDT, the total number of stablecoin daily active addresses has topped 265K. Stablecoin Active Address || Source: Coinmetrics The above chart by Coinmetrics is smoothed using a 7-day rolling average....Read More
It seems that not everybody from the crypto community has warmed up to PayPal’s decision to venture into the crypto market. In a tweet calling out the payment giant’s move into crypto, Ripple CEO Brad Garlinghouse said he was disappointed with Paypal’s upcoming crypto integration since he believed this would spur the benefits of crypto...Read More
Vietnam’s Orient Commercial Joint Stock Bank is in the news after it joined RippleNet as a strategic partner on 16 October. Phong Nguyen, Head of Fintech at OCB, described the strategic partnership as the result of a “10-month effort in mobilizing multi-division resources and aggressively exploring business use cases.” According to Nguyen, Ripple’s technology will...Read More
Ripple’s third annual Blockchain in Payments report had some interesting revelations regarding digital asset adoption globally. Despite the ongoing global pandemic, 79% of businesses reported growth in 2020, with 44% stating that innovation in payment technology is a key growth driver. According to the report, there were four key benefits driving blockchain adoption, namely, improved...Read More
Ripple kicked off its much-anticipated Swell conference on 14 October, with the event highlighting the blockchain firm’s various products and services while also bolstering Ripple’s vision of financial inclusion. On the second day, in an effort to add to this vision and contribute to economic empowerment globally, Ripple announced a $10 million contribution to Mercy...Read More
Calling it “unfortunate” that U.S regulators did not have a clear approach to cryptocurrencies, Garlinghouse re-emphasized that the lack of a single national regulatory framework was putting US companies, such as Ripple itself, at a disadvantage and that the company yearned for a “level playing field.” Over the last two weeks, CEO of Ripple, Brad...Read More
It was only last week that Ripple’s co-founder Chris Larsen said that Ripple may consider relocating to other countries citing the lack of regulatory clarity in the United States. Following which, CEO of Ripple, Brad Garlinghouse shared his opinions today regarding the need for regulatory clarity. In a Twitter thread, Garlinghouse emphasized (again) a possibility...Read More
Ripple announced today that it has launched a new beta service dubbed Line of Credit that is available to RippleNet customers who can now use the network’s on-demand liquidity (ODL) service to source capital and initiate payments using the network’s token XRP. This would mean that Ripple’s Line of Credit would provide upfront access to...Read More
Pan-European payment solution for online markets Lemonway has partnered with Ripple to utilize RippleNet to facilitate international euro-to-euro payments for its customers. At the same time, the payment protocol company announced a restructuring with its executive leadership across the organization and rebranding two of its products. Lemonway To Employ RippleNet Announced earlier today, the partnership...Read More
The United Kingdom Financial Conduct Authority plans to ban cryptocurrency derivatives and exchange-traded notes (ETNs) to retail customers from January 6th, 2021. The FCA statement described such products as “ill-suited for retail customers due to the harm they pose.” The regulator outlined that retail customers are unable to determine a reliable value because of several...Read More
Chief Executive Office of Ripple Labs, Brad Garlinghouse announced in a tweet today the firm appointed two “longtime Ripplers” as General Managers of RippleNet and RippleX (previously Xpring) in an effort to evolve the brand and support Ripple’s “growing” customers. Calling it a “fresh take” on the Xpring brand, RippleX will now focus on utility...Read More
Brazil is about to revolutionize its banking system. In a little more than a month, the country will say goodbye to an infrastructure that made payments a nightmare even though Brazil boasts one of the most thriving economies in the world. Such is the potential Brazil has to offer, that Ripple chose that country to...Read More
Digital payments platform Wirex, which runs on Ripple has raised £1.2 million ($1.5 million) during its securities offering today, with nearly 2000 investors pooling in the first £1 million in an hour and a half via crowdfunding platform Crowdcube, according to a release. The release further stated that Wirex planned to use the crowdfunding round...Read More
Ex- Ripple CEO and angel investor Chris Larsen acknowledged moving 499,999,979 XRP today, after Whale Alert tracking account published a tweet stating that Larsen had moved XRP worth $115,847,491 at press time, to an unknown wallet with in the following tweet: 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 499,999,979 #XRP (115,847,491 USD)...Read More
A judge in the Seoul Central District Court today announced a ruling regarding a lawsuit filed by three users of Bithumb Korea who claimed $126,000 and $38,000 for damages citing data leaks during a 2017 Bithumb hack. The ruling is said to hold Bithumb partially liable for the damages claimed by the users. Local news...Read More
SBI Holdings, a financial services company based in Japan announced addition of CFDs for premiere cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP. The trading will begin on 31 August on SBI FX which is SBI Holdings’ retail forex brokerage platform. These contracts for differences or CFDs allow traders to settle the differences between the...Read More
Police in Seoul has forayed the offices of one of the biggest crypto exchanges in South Korea, Coinbit. Allegedly the firm has faked more than 99% of its trading volume. Coinbit Banks Over $85M According to a recent news report, authorities stormed the offices of the company early today. The suspicion is that Coinbit has...Read More
