Ripple has established a regional office in the Dubai International Financial Centre, or DIFC, according to a Nov. 7 announcement. For its “innovative regulations.” the blockchain-based payments firm reportedly chose the location. The DIFC website states that the special economic zone serves more than 2,500 companies. As a “independent regulator” with a “proven judicial system” […]
Ripple CTO David Schwartz recently went to Twitter to discuss with community members why banks were reluctant to adopt XRP as a bridge in the midst of a challenging year for the payments-focused cryptocurrency. Schwartz explained last week during an exchange with a member of the Ripple community that there are a set of obstacles […]
After there was a clear close above the USD 11,000 resistance, the bitcoin price gained strength. The USD 11,250 and USD 11,400 levels were cleared by BTC. The price is currently (05:00 UTC) consolidating gains below USD 11,500 and the next upside break seems to be aligned. Similarly, most major altcoins, including ethereum, XRP, litecoin, […]
SBI esports, a subsidiary of the Japanese financial services conglomerate SBI Group, announced that, as part of a sponsorship deal with venture capital firm, VC Trade, its esports players would receive salaries in Ripple (XRP). In order to strengthen the company’s presence among eSports players who also use digital currencies. Player salaries will be paid […]
Tim Draper, the prominent venture capitalist and tech billionaire who bought nearly 30,000 Bitcoin (BTC) seized from the Silk Road, has revealed at least half a dozen different crypto assets in his digital currency holdings. Draper revealed that his holdings include Bitcoin Cash (BCH), Ripple (XRP), Tezos (XTZ), and Aragon (ANT) at a recent investment […]
In the first quarter of the year, after a drop in its sales of XRP tokens. The California-based fintech company Ripple sold more in the second quarter thanks to demand from institutional buyers. Total sales of Ripple’s XRP ended in the second quarter at USD 32.55M, compared to USD 1.75M in the first quarter. A […]
Ripple has become a member of the ISO 20022 standards body which is pushing a new payment and data communications technology system between global financial institutions. The company claims to be the group’s first centered distribute ledger technology (DLT). And that involves a range of international commercial and central banks alongside payment processing organizations such as SWIFT and […]
Attorneys for a company named Bitcoin Manipulation Abatement LLC have filed a complaint in a U.S. federal district court claiming Ripple deceived investors. And marketed XRP in violation of federal law as an unregistered security. The enigmatic company with little online presence accused Ripple and its Chief Executive Officer (CEO) Brad Garlinghouse of raising more […]
Analyzing known Ripple co-founder Jed McCaleb wallets reveals he sold off at least 54 million XRP from 1-30 April. According to a May 2 article by TheCryptoAssociate based on data from known addresses of McCaleb, the co-founder of Ripple tends to periodically liquidate his token supply. Data reveals that, in April, the wallet address allegedly […]
While not all altcoins rally in tandem yet, some of the top crypto assets have outperformed late in the day. Case in point: CoinMarketCap data from the time of writing this post, XRP — market capitalization’s third-largest cryptocurrency — is up 10 percent in the past 24 hours, outpacing the relatively mild 0.5 percent increase […]