Tag: Ripple

XRP Price Set To Spike As Ripple Enters Another $1.5 Trillion Industry

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Global crypto payments provider Ripple is poised to venture into a substantial $1.5 trillion industry, signaling a potential surge for XRP. The company is strategically positioning itself to provide solutions to the financial complexities within this industry. Ripple’s Strategic Expansion In a recent Wednesday report published on X (formerly Twitter), Ripple, a blockchain-based digital payments network, revealed its latest expansion target to be the $1.5 trillion IT industry. The crypto network has envisioned a transformative role for Ripple in the IT industry where difficulties with cross-border payments and other financial…

Ripple CTO addresses ‘Bitcoin Ponzi’ claim; positive trends for Injective and InQubeta

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cryptocurrency, a unique financial innovation, has proven it’s more than just a passing phase, consistently proving skeptics wrong. Inspired by the success of projects like Bitcoin (BTC) and XRP, investors actively seek opportunities in the current market to capitalize on this trend. Projects like Injective Protocol (INJ) and InQubeta (QUBE) are riding on Bitcoin’s success, incorporating new features and advanced technology into their protocols.  This strategy aims to attract…

Former Director Says Ripple Can Burn 40 Billion XRP In Escrow, How Will This Affect Price?

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The possibility of Ripple ‘burning’ its escrowed XRP funds has come up for discussion. This development could become a major talking point as the XRP community continues to clamor about XRP’s tepid price action.  Can Ripple Burn Its Escrowed XRP Funds? In a post on his X (formerly Twitter) platform, former Ripple Director Matt Hamilton suggested a way in which Ripple could potentially ‘burn’ its XRP holdings in escrow lockups. He stated that Ripple could disable the master key on the destination account, which usually receives these escrow funds.  Hamilton…

Redditors Redflag Deepfake Video Featuring Ripple CEO Brad Garlinghouse

A Reddit user has reported that Google is unwilling to take down a video advertisement that appears to be an attempted scam targeting cryptocurrency users. Reddit users have recently uncovered a deepfake video featuring Ripple CEO Brad Garlinghouse, urging XRP holders to transfer their tokens to a specific address with the promise of receiving double the amount – a notorious tactic employed by scammers. A Reddit user reported the fraudulent video in a Reddit thread, thus encountering the deceptive advertisement on YouTube between Nov. 25 and Dec. 3. Additional users…

Ripple Added to Central Bank of Ireland’s Virtual Asset Service Providers (VASPs) Register

This registration will let Ripple offer its certain digital assets services to clients within Ireland. Ripple has officially revealed that the Central Bank of Ireland (CBI) added its Irish entity Ripple Markets Ireland Limited (Ripple Markets) to the list of registered VASPs (Virtual Asset Service Providers). Now, after gaining this registration in Ireland, Ripple be working on the expansion of its services within the European Economic Area. This will become possible in case of gaining all the necessary licenses under the MiCA regulation that is expected to come in force…

Coinbase, a16z, Ripple and Others Invest $78M in Pro-crypto PAC Ahead of US Elections 2024

With the mass adoption of digital assets in the United States, notable presidential candidates have shown support for the blockchain and crypto asset industries. The crypto market has faced immense regulatory scrutiny from the current US government led by President Joe Biden. The lack of a clear crypto regulatory framework has left significant room for the United States Securities and Exchange Commission (SEC) and other federal agencies to crack down on web3 companies with decades-old policies. However, the mass adoption of crypto assets and web3 protocols in the United States…

Ripple, Coinbase, a16z invest $78M in pro-crypto PAC ahead of US elections

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Ripple CEO Brad Garlinghouse has publicly announced the company’s intent to support “pro-crypto’ candidates during the 2024 United States election season. The company is among a group to have pledged a total of $78 million to support the Fairshake political action committee (PAC). Fairshake announced that prominent industry firms and players had contributed to a significant “war chest” to back candidates who support American crypto and blockchain innovation and responsible regulation in the upcoming 2024 elections. The list includes individuals like Coinbase CEO Brian Armstrong, Tyler and Cameron Winklevoss, Circle, Coinbase,…

Palau advances CBDC with Ripple in Phase 2 of PSC program launch

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The Ministry of Finance in Palau officially launched the second phase of the Palau Stablecoin (PSC) Program. Jay Hunter Anson, a cybersecurity consultant in Palau, confirmed the initiation of the country’s CBDC pilot program in a post.  Anson expressed that Palau aims to extend its partnership with Ripple in this next stage, allowing the PSC team to leverage Ripple’s CBDC platform and technical expertise. PSC is a digital currency pegged to the U.S. dollar at 1:1. The USD-supporting PSC is stored in a commercial bank with FDIC insurance. The Palau…

Ripple Executive Give 3 Bold Predictions On Crypto Regulations In 2024

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As the crypto market gears up for 2024, the chief legal officer of blockchain payment company Ripple, Stu Alderoty, has released three projections on crypto regulations that could impact investors’ confidence ahead of a year expected to start the new bull cycle by many analysts.  Ripple And SEC To End Legal Tussle In 2024, Alderoty Says In an X post on Friday, December 15,  Ripple shared the predictions of Alderoty on policy and US regulations in 2024. The post included three bold forecasts by the company’s chief legal officer, which…