Brad Garlinghouse, the talkative CEO of Ripple Labs and manager of the XRP token, has taken to the speaking trail to defend his product offering, but in an odd twist, his critics claim that he is trying to distance himself from the creation of the XRP token. Yes, his ongoing battle with the SWIFT organization…
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Ripple Labs, the crypto entity whose mission is to revolutionize the cross-border payments industry by replacing antiquated clearing organizations like S.W.I.F.T., seems to make headway with each announcement regarding its XRP-driven platform, but it appears to be one of those “two-steps-forward-one step back” kind of enterprises. Good news is usually followed by the executive team’s…
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Brad Garlinghouse, the outspoken CEO of Ripple, has been under fire of late, and this time it has nothing to do with his calling out the S.W.I.F.T. network and its participating member banks as being archaic when it comes to cross-border payments. There is an ongoing debate with the SEC and one lawsuit over whether…
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An XRP army has started a petition demanding that Ripple stop selling (dumping) XRP on the market. The problem seems to be the fact that Ripple is dumping XRP in large quantities on a quarterly basis. Ripple holds a large amount of XRP and the company has been selling it off to inflate volume data…
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The Financial Conduct Authority (FCA), UK’s primary regulatory watchdog, has finally recognized Ripple’s XRP token in a similar fashion as it has for Bitcoin (BTC) and Ethereum (ETH). The latter two crypto coin systems had already been classified as being an exchange or utility token, as opposed to being deemed a security and then subject…
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Despite the fact that the cryptocurrency market is up and going in 2019, Ripple has not had a very bright start of the year. The thing is that Ripple has not managed to increase its value to a support level of $0.32 and has declined massively against the USD and BTC. According to analysts, the…
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Some of the biggest technology names in the world are teaming up for a new XRP-based project. The XRP remittance company SendFriend has just raised a staggering $1.7 million pre-seed funding round. The funds are coming from 13 of the best known tech and blockchain companies. According to its website, SendFriend is an innovative startup…
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Ripple is definitely one of the most interesting cryptocurrencies out there. The most recent “news” is that a Ripple “whale” has moved the market big time. The whale is the company itself, Ripple. It has moved somewhere around $300 million of XRP coins from one of its accounts to another one. More interestingly though, the…
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The combination of the words “hostile takeover” and cryptocurrencies is not very common. A report from press claims that a startup known as Valor Foundation is planning a hostile takeover of Ripple, the $14 billion cryptocurrency. According to BTC Manager, if such a takeover is actually completed, it will be the first hostile takeover in…
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Apart from the rumor that Ripple will be the official cryptocurrency of the 2020 Olympic Games, the cryptocurrency is hitting some major goals, as RippleNet has welcomed 13 more new financial institutions to its network. Ripple already has around 200 customers. The latest ones include Olympia Trust Company, ConnectPay, Ahli Bank of Kuwait, Euro Exim…
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