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.


Finance

Mysterious Company Files New Lawsuit Over Ripple's $1.1B XRP Sale

The lawsuit alleging Ripple violated U.S. securities laws comes from a company that previously accused FTX of price manipulation.

Brad Garlinghouse Ripple

Finance

YouTube Suspends Ripple’s Tech Chief Days After XRP Scam Lawsuit Filing

Schwartz's channel was suspended for impersonation, but he's no idea why.

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Markets

Ripple Engineers Publish Design for Private Transactions on XRP Ledger

Ripple engineer Nik Bougalis has proposed a method of shielding transactions on the XRP ledger.

Ripple engineer Nik Bougalis has published a proposal for shielding XRP transactions. (Credit: Shutterstock)

Markets

Digital Custodian Anchorage Adds XRP Storage for Institutional Customers

Anchorage, a digital asset custodian targeting institutional clients, has added support for XRP, offering services for all of the top-3 cryptocurrencies.

Crypto custodians are increasingly mindful of how stored tokens should be used in governing DeFi protocols. (Credit: NYPL)

Policy

Amended Lawsuit Against Ripple Now Offers Theory That XRP May Not Be a Security

While the lawsuit against Ripple Labs still alleges the firm broke securities laws, the plaintiffs now seem to be hedging their bets.

Ripple CEO Brad Garlinghouse

Markets

Bitcoin and Ether Prices Stagnate as Traders Take Wait-and-See Approach

The March 12 crash is still fresh in crypto traders’ and fund managers’ minds, leaving some to think no trading decisions are the best decisions for now.

Source: CoinDesk BPI

Markets

Bitcoin Ekes Out Gains but Remains in Red Amid Broader Market Rebound

Bitcoin has recovered slightly from Thursday’s brutal selloff as global financial markets creep back into the green.

bpimar13

Markets

Down 26%: Bitcoin Sees Worst Sell-Off in 7 Years as Coronavirus Spurs Flight to Safety

Bitcoin suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies.

Cleaner sweeping the floor after the Wall Street stock market crash of 1929. Source: Wikimedia Commons

Markets

Bitcoin Price Falls After One-Hour Volume Spike

An hour of high volume trading on Tuesday resulted in bitcoin trading lower, giving back nearly half of the previous day’s gains.

Bitcoin prices, March 2 to March 3, 2020.

Markets

Ripple Class-Action Lawsuit Can Proceed, Judge Rules

A lawsuit claiming Ripple violated U.S. securities laws will be allowed to move forward – though with a caveat favorable to the San Francisco-based payments firm.

Ripple CEO Brad Garlinghouse