Soon after Ripple CEO Brad Garlinghouse said that SEC was planning to sue the firm over its sale of XRP, Billionaire investor and Galaxy Digital founder Mike Novogratz took to Twitter to speak about the recent developments. On 22 December, Novogratz said that he found it strange that Jay Clayton “waited years” to sue Ripple....Read More
Ripple’s CEO Brad Garlinghouse announced that the company is being sued by the Securities and Exchange Commission [SEC] and highlighted that this step taken by the SEC was an “attack of crypto”. Unsurprisingly, the SEC’s lawsuit is based on the fact that Ripple is selling unregistered securities and is yet to be announced. A step back...Read More
Ripple’s Chief Technology Officer [CTO], David Schwartz had announced an upgrade to the XRP Ledger [XRPL] back in November. Schwartz has now shared the first results of the major performance optimization of the ledger. Calling the results “incredibly encouraging” Ripple’s CTO spoke about combining different performance optimizations proposed by various software engineers. The CTO added...Read More
Global trade finance bank, Euro Exim is working with Ripple to connect banks, payment providers, and digital asset exchanges via RippleNet. Euro Exim is a class A International Banking Financial institution incorporated under the revised laws of St. Lucia, which authorizes it to conduct business with third parties across industries worldwide. The bank has implemented...Read More
More than a year after joining forces with Ripple, Adam Holmes, CEO of U.S.-based money transfer giant, MoneyGram, told CNN in an interview today that the partnership has evolved and is pushing boundaries. In June 2019, the companies announced a strategic partnership that would see Ripple shell out a $50 million capital commitment to MoneyGram....Read More
Ripple partnered with MoneyGram, one of the world’s biggest remittance and payment companies in the United States in June 2019. Since then, the two parties have managed to report tremendous growth due to the partnership, and Alex Holmes, the chairman, and CEO of MoneyGram International [MGI] highlighted a few aspects of this growth in a...Read More
The whole crypto market is currently painted in green by recording gains depending upon its own capacity. Bitcoin price is currently very close to breaking its all-time high above $19,800 any moment from now. The other top 10 assets like Ethereum, Litecoin, Bitcoin Cash, Polkadot, etc also flowed with the Bitcoin bull rally. Surprisingly, Ripple’s...Read More
Bitfinex has added four new assets on Bitfinex Borrow, its peer-to-peer (P2P) digital token lending/borrowing platform. The latest digital assets added, including XRP, Litecoin LTC, EOS and Polkadot DOT, can act as collateral to obtain crypto and fiat loans. 📣 On Bitfinex Borrow you can now get a loan using the following collateral: XRP ($XRP)Litecoin...Read More
Ripple CTO David Schwartz Ripple is in the news after he commented on Ripple’s strategy for expansion and enterprise adoption of payment solutions during the recent Uphold webinar. More specifically, Schwartz explained the reasons why this has been Ripple’s focus for the past few years. According to the exec, the separation of payments and settlements...Read More
XRP holders are eligible for the upcoming SPARK token airdrop. Below is everything you need to know about it and the exchanges that have announced support for it. The XRP community is getting excited about the SPARK (FLR) token airdrop as the date draws near. Only users who hold XRP are eligible for the airdrop,...Read More
With Bitcoin consolidating its position right under its latest ATH on the price charts, the general mood in the crypto-market is one of bullishness and optimism. Such a mood swing has caught the attention of many in the mainstream, many of whom were previously hesitant about investing in cryptocurrencies. In fact, there is also an...Read More
SBI Holdings announced on Saturday Ogaki Kyoritsu Bank’s decision to connect to its next-generation financial infrastructure, MoneyTap. The Bank has been working towards its users’ convenience and has opened 24-hour stores, drive-through stores, and even mobile stores took the decision to allow user-oriented transactions. SBI Holdings noted that the connection was a “multi-factor authentication of...Read More
XRP price took a giant leap in the past month attaining $0.79, highest levels ever since 2018. But slashed below $0.5 levels to touch $0.45 within just a couple of days. Since then, many wonder whether XRP price will ever hit $1 in 2020 or consolidate within the current levels! According to an analyst called...Read More
Chief Technology Officer at Ripple and XRP Ledger architect David Schwartz said that XRP community could force the burning of billions of XRP in holding. Recently, a Twitter user asked Schwartz whether the nodes, validators, and community members of XRP Ledger could burn more than 50 billion XRP in escrow. In a tweet, published on...Read More
Ripple has been working hard to increase crypto adoption using the digital asset, XRP, and striving to find use cases, beyond just an investment. As scheduled, Ripple received 1 billion XRP from escrow on 1 December, which was paid to it in three installments of 500 million, 400 million, and 100 million. Whale Alert, tracks...Read More
With the crypto-market rally finally gathering steam over the past few months, many expect the likes of Ripple to take the next step forward. A similar thought process was recently shared by Asheesh Birla, GM of RippleNet, after he appeared on the latest edition of the Lend Academy podcast to explain why Ripple’s Line of...Read More
The San Francisco-based payment protocol has filed a document on Friday with the US Securities and Exchange Commission (SEC). It reads that Ripple Labs has entered into an agreement with MoneyGram, which entitles Ripple to sell up to 4,000,000 shares of common stock. Ripple’s option to sell these shares will expire “upon the earliest of...Read More
Ripple and MoneyGram announced a strategic partnership in 2019. A year later, Ripple is selling roughly one-third of its stake in MoneyGram. This was the first time Ripple has taken such a step. According to a filing with the United States Securities and Exchange Commission [SEC], Ripple owns 6.22 million shares [8.6% of outstanding shares]...Read More
CEO of Ripple, Brad Garlinghouse spoke about crypto regulation today and shared his views about what it would mean to Ripple if US regulators were to declare XRP as a security. Garlinghouse went on to state that if the SEC deems XRP a security, US citizens would require a broker-dealer license to trade the crypto....Read More
Ripple has been the torchbearer of crypto-related payment solutions using the digital asset XRP. With Ripple expanding its reach globally and connecting niche countries, it has been gaining more and more prominence with every passing year. Interestingly, it would now seem that Ripple’s growing reach has been intimidating existing solution providers like SWIFT. In fact,...Read More
Founded in 1999, SBI Group is a financial services company based in Tokyo, Japan. Apart from offering numerous traditional financial services, the SoftBank Group subsidiary announced today a new cryptocurrency-related endeavor. SBI Group has introduced a digital asset lending service through its cryptocurrency arm – SBI VC Trade. The statement informed that the platform, dubbed...Read More
Ripple Partner, TransferGo has managed to carve a niche for its services in the United Kingdom and other countries. The company provided money transfer services including remittances and has secured £4 million from Silicon Valley Bank UK Branch [SVB]. As per reports, the funding will help in the development and expansion of the company’s real-time...Read More
XRP has found its major use in the remittance market through Ripple’s On-demand liquidity [ODL] service. The service has been able to boost financial access between countries with an underbanked population and among those was Latin America too. Bitso has been a prominent cryptocurrency exchange in Mexico and its partnership with Ripple has managed to...Read More
Bitcoin’s recent rally has been driving up much interest in the crypto market at large, with BTC attracting several notable investors. In that regard, CEO of Ripple, Brad Garlinghouse acknowledged in a recent tweet that institutional investor interest in cryptocurrencies has been on the rise. In his tweet the CEO said: Never a dull moment...Read More
Over the past few months, the perception and the sentiment around the crypto-market have changed dramatically. Not only are institutions jumping in, but some regulators have had a change of heart too. However, while some of the previous frostiness has thawed lately, it should be noted that what is catching the eye of most are...Read More
USDT has replaced XRP yet again, to rank third in market capitalization. Based on data from Skew, it has hit a new high of $18 Billion. On Coinmarketcap.com, Tether’s market capitalization is 0.13 Billion shy of 18 Billion. USDT Market Cap || Source: Skew So is Tether taking on the popular altcoin XRP or is...Read More
If Ripple shuts down, would XRP still trade? Yes, said CEO Brad Garlinghouse recently, using Litecoin’s success after its founder stepped away from the project to make his case. During a recent podcast, the Ripple exec stated that while he doesn’t intend to step away from Ripple anytime soon, he might move the company overseas...Read More
Brad Garlinghouse, CEO of Ripple, made waves across crypto-Twitter recently after he claimed that XRP is to Ripple what Exxon is to Oil on a podcast. Garlinghouse’s use of the analogy is an interesting turn of phrase, to say the least. However, what is even more interesting is that when the host interceded by pointing...Read More
Following the payment protocol – Ripple’s recent launch of its new beta service – dubbed Line of Credit, Ripple could now be working towards introducing a new product. One Twitter user and a dedicated XRP fan found that Ripple has registered a trademark for what could be its new product called “PayString.” The mark consists...Read More
Commodities trader and analyst Peter Brandt said on Twitter that XRP would have been deemed a security if the US Securities and Exchange Commission (SEC) regulators completely understood the workings of cryptocurrencies. Brandt published his XRP stance in response to a comment by one Twitter user going by the name of Rexiby crypto, who claimed...Read More
