Ethereum 

MoneyGram Receives $11 Million Cash Injection from Ripple

MoneyGram (NASDAQ:MGI) has received over US$11 million in the last six months from Ripple in what was described as “Ripple market development fees.” A partnership between the money remittance company and the crypto services firm was first announced back in June when Ripple agreed to provide MoneyGram with US$50 million in order to support its payments product, On-Demand Liquidity, or xRapid, as it is sometimes referred to as. The US$11.3 million sent MoneyGram’s way over the last months is broken up into two quarters, US$2.4 million in Q3 and an…

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Blockchain 

Ripple Criticized for Unlocking XRP Worth $230 Million from Escrow

There is a possibility of traders experiencing a sell-off in XRP after Ripple unlocked another 1 billion XRP, worth around $230 million from its escrow wallet. Ripple Draws Criticism for Unlocking of 1 Billion XRP Ripple’s move has become a common trend that occurs at the beginning of each month, and it has drawn growing criticism every time it happens. There have been questions regarding the amount of XRP the startup has been selling and why is it needing over $200 million each month. Ripple owns over 50% of the…

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Ethereum 

Whale Transfers 31.30 Million Ripple (XRP) to Bitstamp

Over the past year or so, the fintech firm Ripple has come under fire from the XRP community for selling large amounts of the cryptocurrency token. The company holds the highest number of XRP tokens, meaning significant sales at regular intervals have affected the price of the cryptocurrency considerably. In a new development, it has emerged that more than 31 million XRP tokens were sent from an unknown wallet to the Bitsamp exchange. The transaction was announced by a reliable Twitter account named Whale Alert, which tracks big transactions in…

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Ethereum 

How Could a Potential Ripple IPO Affect XRP’s Price This Year?

Over the past year or so, XRP is probably one of the few major cryptocurrencies that have not enjoyed any meaningful gains, and much of the blame has been laid at the door of the fintech firm Ripple. The San Francisco-based company owns the highest number of XRP tokens. Uncertainty in the Crypto Market Currently, the uncertainty in the crypto market has beaten down the XRP price further. However, it is the possibility of an initial public offering from Ripple that has given rise to a fresh debate among analysts.…

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Blockchain 

Ripple Signs Major Agreement with Major National Bank

In 2019, XRP did not have a particularly great year despite the bull run in many cryptocurrencies, and much of the blame for this was laid at the door of Ripple. However, the company has made a range of important deals in recent times, and it signed another one on Tuesday. Ripple for Remittances The company signed an agreement with another big-ticket customer, and this time it is the National Bank of Egypt. The San Francisco-based blockchain company holds the highest number of XRP tokens, and many have blamed its…

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Bitcoin 

Over 93.5M Ripple (XRP) Moved Across Exchanges: Market Reaction

Over the past week or so, Ripple has been in the news after it emerged that the company is exploring the option of actually going for an initial public offering at some point. However, in a new development that might not please XRP fans, it has emerged that as many as 93.5 million tokens of the cryptocurrency were moved across crypto exchanges. Last year, there was a lot of controversy with regards to Ripple’s practice of selling large volumes of XRP and thereby affecting the price of the world’s third-biggest…

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Ethereum 

Ripple Eyes Aggressive Expansion of Payments Network This Year

XRP has now firmly established itself as the world’s third-biggest cryptocurrency, and Ripple, the company that holds the highest number of those tokens, has grown at a steady pace as well. The company has managed slowly but surely to build up its payments network, and that is definitely good news for XRP investors. In a new development, the San Francisco-based fintech company revealed that it is going to expand its payment network considerably in 2020. More importantly, the company revealed that it is going to help businesses and individuals with…

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Ethereum 

Ripple XRP Sales Fall 80% to Historic Low in Q4 2019

Sales of Ripple’s XRP token fell a huge 80% to a record low in the fourth quarter of 2019, according to the latest market report published by the crypto firm earlier this week. The blockchain payments company sold a total of US$13.08 million of XRP tokens between October 1 and December 31 of last year, compared to US$66.24 million in the previous three months. The startling drop off in sales has been attributed to a decline in direct institutional sales as well as the fact that Ripple has paused all…

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Bitcoin 

BitMEX Introduces XRP Swaps, Delists Two Ripple Derivatives Contracts

When the crypto market was still at its infancy around half a decade ago, derivative trading in crypto seemed like a distant dream. However, crypto exchanges like BitMEX have made it possible, and in a new development, the exchange announced significant changes to its crypto derivative offerings. The company announced that it is going to launch a new XRP-US Dollar quanto swap, which is meant for the growing crypto derivatives market. Key Features It goes without saying that this is a significant development for this niche corner of the crypto…

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Blockchain 

Ripple (XRP) Soars 18% | Binance Futures Launches XRP/USDT Contract

Even when the crypto space enjoyed a sustained rally in the first of 2019, XRP seemed to lag behind considerably, and much of the blame for that had been placed at the door of the company Ripple. However, things seemed to have gone off to a rather good start for XRP in 2020, after it surged considerably over the past two days. While it is true that there were gains in the wider cryptocurrency space, it should be pointed out that XRP emerged as the biggest gainer in the market…

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