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XRP
XRP is a digital asset and cryptocurrency that was created by Ripple Labs Inc., a technology company specializing in the real-time gross settlement system, currency exchange, and remittance network. XRP operates on an open-source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, be it USD, Yen, litecoin, or bitcoin. XRP is often used by Ripple's payment ecosystem, RippleNet, and is increasingly adopted by banks and payment networks as settlement infrastructure technology. As a bridge currency, XRP also provides liquidity for instant cross-border transactions.
Crypto Long & Short: The Christmas Poem Edition
Looking back on the year in bitcoin and crypto, with rhymes.
B2C2 Becomes Latest Crypto Market-Maker to Stop XRP Trading: Report
Non-U.S. clients can still trade the token but need to pre-fund all short trades, the report said.
Bitstamp to Halt XRP Trading, Deposits in US Due to SEC Lawsuit
Bitstamp is the first major U.S.-based crypto exchange to respond to the SEC lawsuit against Ripple.
Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles
With XRP’s sell-off, bitcoin’s dominance increases. However, the derivatives market hints at more volatility ahead for the world's leading cryptocurrency.
Coinbase, Other Big Exchanges 'Between Rock and a Hard Place' on Delisting XRP
The question of whether or not to delist XRP isn’t a black-and-white one for crypto exchanges.
Bitwise Liquidates XRP Position in Crypto Index Fund Following SEC Suit Against Ripple
Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.
First Mover: XRP Plunges 20% as Traders Assess SEC's Ripple Suit
The SEC's suit against Ripple has triggered a steep sell-off in price for the payments token XRP. Meanwhile, prices for Chainlink's token have increased sevenfold this year, most among CoinDesk 20.
MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple
"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.
Market Wrap: Bitcoin Recovers to Nearly $24K; Ether Rides Bitcoin’s 'Coattails'
Bitcoin recovers from Monday’s small-scale market sell-off to nearly $24,000, and ether follows bitcoin’s positive trend.
An SEC Victory in Ripple Case Would Render XRP 'Untradeable,' Market Pros Say
Already, CrossTower, a small exchange that opened in June, has delisted the cryptocurrency.
