Tag: Ripple

Ripple CTO Breaks Down XRP Distribution And Who Controlled 99% Of Supply At Genesis

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The initial distribution of cryptocurrencies such as XRP has always been a hot topic for investors in the crypto community. A lot of times, the discussions stem from the fact that investors believe there was some foul play at Genesis, where some people received an unfair share of the token supply. The latest coin to come under scrutiny is the XRP token, with community members asking questions about some events that took place at Genesis. As a result, Ripple CTO David Schwartz has taken it upon himself to clarify these…

Ripple Faces Heated Legal Debate Amid Market Turbulence

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The crypto community is currently embroiled in a debate over the right for Ripple to sell XRP tokens, sparked by a recent exchange between XRP advocate Bill Morgan and a crypto analyst known as “Darkhorse” on social media platform X. This discussion delves into the legal complexities and market implications of Ripple’s actions concerning XRP sales. There is nothing that prevents Ripple selling its XRP. Anyone can sell an asset it owns. The issue is whether in the US it needs to register its sales and offers of XRP with…

HKVAC revises key crypto index, Solana to replace Ripple.

The Hong Kong Virtual Asset Consortium (HKVAC) unveiled changes to several of its cryptocurrency indexes. HKVAC’s rebalancing, set for Jan. 19, will affect its central index, the HKVAC top 5, as well as the top 1O Index and the Global Large Cryptocurrency Index. The HKVAC top 5 will exclude several prominent cryptocurrencies. For instance, Solana (SOL), which has recently been highlighted for its significant market strides, is set to replace Ripple’s XRP.  Despite the tumultuous 2022 collapse of the FTX crypto exchange, which sent SOL prices plummeting by over 95%,…

SEC Seeks Key Documents from Ripple in Ongoing Legal Battle

The legal battle between the SEC and Ripple stems from the SEC’s allegation that Ripple engaged in unregistered securities sales, specifically through institutional sales of XRP. In a recent filing dated January 11, 2024, the US Securities and Exchange Commission (SEC) has requested specific documents from Ripple Labs Inc as part of the ongoing legal proceedings between the regulatory body and the blockchain payments company.  SEC’s Document Requests and Interrogatory The two main categories of documents outlined in the SEC’s filing include Ripple’s financial statements and contracts governing institutional sales of…

XRP And XLM Price Correlation Persists, Ripple CTO Explains Why

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XRP and Stellar (XLM) are two cryptocurrencies that have been constantly compared in terms of price growth and development. Both digital assets are dedicated to facilitating cross-border transactions.  Given their considerable similarities, the Chief Technology Officer (CTO) of Ripple, David Schwartz has attempted to uncover the factors contributing to the persistent price correlations between the cryptocurrencies.  Ripple CTO Explores XRP And XLM Price Trends Schwartz has recently taken to X (formerly Twitter) to share a chart illustrating a strong correlation in the price movements and patterns between XRP and XLM…

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…