Ethereum 

XRP Could Upswing Despite Growing Uncertainties Around the Token

Controversy continues to surround Ripple’s XRP token, and the company’s incentivizing of partners to start using its cross-border payment solution has flooded the crypto’s market supply. However, despite all this uncertainty surrounding XRP, one analyst thinks that the cryptocurrency is bound for a huge upswing. Ripple Paid Moneygram to Use Its Cross-Border Remittance Service Over the past week, Ripple has made headlines regarding a number of events directly linked to its native token, XRP. For instance, on February 26, Moneygram reported that payments from Ripple in the last two quarters…

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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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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 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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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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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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Blockchain 

Ripple (XRP) Outperforming in October

While the crypto rally went on during the first half of the year, XRP, the cryptocurrency that is often referred to as Ripple, performed much worse than the rest of the market. Key Drivers However, it seems that those days are now over, and it has now emerged that the best performer in the crypto space in October so far has been XRP. It is a remarkable turnaround for a cryptocurrency that seemed to be at a crossroads for much of the year. In fact, Ripple, the company that owns…

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