What happens when a cryptocurrency once positioned as a regulator-friendly alternative to bitcoin gets heat from regulators? Exchanges that trade XRP are about to find out. U.S.-based cryptocurrency exchanges have to consider whether to delist XRP in light of a Securities and Exchange Commission (SEC) lawsuit alleging it is an unregistered security issued by Ripple Labs […]
The price of XRP plunged again Wednesday after the U.S. Securities and Exchange Commission filed a lawsuit alleging that Ripple, a blockchain company with ties to the cryptocurrency, conducted a $1.3 billion unregistered securities offering. XRP sank nearly 25% to around 35 cents Wednesday morning, according to data from cryptocurrency market site CoinDesk. The virtual currency […]
Sandie O’Connor, the former chief regulatory affairs officer at banking giant JPMorgan Chase, is joining Ripple’s board of directors. According to a Ripple blog post published yesterday, O’Connor will “provide counsel on key government relations and regulatory initiatives” as part of her role on the board. O’Connor worked at JPMorgan for 31 years, serving as chief […]
Ripple’s XRP surged as much as 70% on Tuesday as the third-biggest cryptocurrency extended a rally that has been kickstarted by mass interest in Bitcoin. Ripple’s price has risen about four-fold since the start of the pandemic, making gains alongside Bitcoin — which rose 4% to a near all-time high of $19,241 on Tuesday. “XRP has been a speculative investment […]
Ripple price continues to experience with sauce is Tuesday as the cryptocurrency market continues to bleed ahead of the US election. Ripple price has a positive correlation with bitcoin prices. In the last 24 hours, Bitcoin prices have found it challenging to cross the 13800 resistance level. As bitcoin prices continued to experience choppy movements, […]
XRP has been closely tracking Bitcoin and the other major altcoins throughout the past few days. Although this helped provide it with some slight momentum earlier this week, it has since caused it to see some notable downside, as the aggregated crypto market is beginning to show some signs of weakness. That being said, there are a […]
The much-debated blockchain firm Ripple is now planning to expand its use case far beyond just streamlining cross-border payments in partnership with national and international banks. Ripple had focused its efforts solely on cross-border payments for the past five years when Brad Garlinhouse joined the company as the chief executive officer. Despite their unprecedented success as a […]
Ripple, and its XRP token, is one of the oldest projects in the cryptocurrency space, forming in 2012. Ripple’s value proposition was appealing to banks and settlement systems—offering to increase efficiency and cut costs with their solution. The company’s token, XRP, boasted low fees and fast transaction times, placing the altcoin in direct competition with expensive […]
Visa is on the lookout for Ethereum developers to help build a global blockchain payments network. According to a job advertisement by the payment processing giant on its New Zealand site, the company is looking for a “strong developer experienced with Ethereum and blockchain architecture” to join its Global Commercial Payments team, working on distributed applications.“Our […]
Bitcoin’s (BTC) sideward price action of late has been a hunting ground where whales can easily liquidate misinformed traders on leverage trading platforms. Without decent swings, any asset can become boring.But let’s not forget BTC isn’t the only cryptocurrency out there, as several altcoins are currently staging somewhat of a comeback. However, there’s one coin […]
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