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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Ethereum 

Ripple Intends to Expand Further in Brazil Later This Year

Over the course of the past few years, XRP has firmly established itself as the world’s third-biggest cryptocurrency and Ripple, the company which holds the highest number of XRP tokens, has emerged as a big player in the payments business. Over the years, the San Francisco-based company has emerged as one of the biggest names in the payments space and has set up operations in different parts of the world. It boasts of clients from many continents, and in a new development, it has emerged that the company has now…

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Blockchain 

Ripple Upgrades Xpring Platform to Boost XRP Development

Ripple’s investment division, Xpring, has been revamped and condensed into a single site in order to further the development of its native XRP coin. The redesigned platform will now support payment integration into any mobile application. Xpring Advancing DeFi Development The new site, which can be found at Xpring.io, offers developers a wallet, new tools, technical documentation, and Xrping customer service. The upgrade was announced back in October, but Ripple needed two months to build the necessary features that will allow users to access the platform via an associated account.…

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Ethereum 

Ripple is All Set to Boost Financial Inclusion Globally

The year started off impressively for many cryptocurrencies but none of that seemed to affect the price of XRP, and Ripple, the company which owns the biggest number of XRP, has been blamed by many in the crypto community for this state of affairs. In a new development, the Chief Technology Officer at the fintech company, David Schwartz, stated that it is trying to bring about more financial equality in the United States and in the rest of the world.  One of the biggest selling points for XRP is the…

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Ethereum 

Ripple Makes Last Ditch Attempt to Dismiss Securities Lawsuit

Ripple has filed a final motion to dismiss a lawsuit alleging that it held an unauthorized securities sale of its XRP tokens, arguing that the plaintiffs failed to meet a legal deadline for filing the suit. The crypto company has reiterated its stance that XRP tokens are not a security and, therefore, not held to SEC regulations regarding offerings and has labeled the case against it as “self-defeating.” In addition to this argument, Ripple also says that the case was brought to court after the statute of repose, which states…

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Bitcoin 

Ripple Releases XRP Worth $225 Million From Escrow

Ripple has found itself in the eye of the storm at different points this year for selling a large amount of XRP at regular intervals. The San Francisco-based company is the biggest holder of XRP, the third-largest cryptocurrency in the world by market cap, and hence its actions have a bearing on the price of the token. How Will the Market React? In a new development, it has emerged that the fintech company has released another 1 billion XRP tokens, which are worth $225 million. Despite enjoying such a large…

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Bitcoin 

Ripple Finalizes $50 Million Investment in MoneyGram

Blockchain service provider Ripple Labs has finalized its $50 million investment in MoneyGram International (NASDAQ:MGI). The money transfer company received the final $20 million from the San Francisco-based firm as part of the commitment made in June 2019. Ripple Completes Investment in MoneyGram In June, the blockchain provider committed $30 million as part of the investment, and now it has completed the transaction. In the latest transaction, Ripple acquired MoneyGram’s newly issued stock at $4.10 per share, which is much higher than MoneyGram’s current market valuation. With the investment concluded,…

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Blockchain 

Ripple Invests in Cybersecurity Startup Funding Round

Ripple has invested in a $2.2 million USD seed funding round by London-based cybersecurity startup Keyless via its investing division, Xpring. Keyless claims to be the first company in the world to combine biometrics with secure multi-party computation. Xpring was launched in 2018 with the intention of enabling the Internet of Value, an online ecosystem allowing for the seamless movement of money. Since then, it has evolved into more of a startup investment arm of Ripple, funding unique and high-potential projects in the world of crypto in order to enable widespread adoption…

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