Ripple Is Giving Away 1 Billion XRP in Massive Bid to Fund Online Content

San Francisco-based fintech company Ripple continues to pump XRP into a growing ecosystem of adjacent startups – despite an ongoing legal complaint alleging that XRP is an unregistered security. Announced Thursday, Ripple’s investment arm, Xpring, participated in the $4 million seed round for the in-browser payment processing startup Coil, spearheaded by former Ripple CTO Stefan Thomas. […]

Continue Reading

XRP Price Charts First Death Cross Since April 2018

XRP is flashing red this Tuesday morning with a long-term price indicator turning bearish for the first time in over a year. At press time, the third-largest cryptocurrency by market capitalization is currently trading at $0.2955 on Bitfinex, representing a 1 percent drop on a 24-hour basis. More importantly, however, the 50-day moving average (MA) […]

Continue Reading

Ripple CEO Praises Central Banks in US Congress Open Letter

Ripple, the entity notionally behind cryptocurrency XRP, has asked US lawmakers for more advantageous regulation, saying it is “serving the greater good.” Ripple Wants To ‘Serve Greater Good’ In an open letter to Congress ahead of a fresh hearing on crypto and blockchain policy July 30, CEO Brad Garlinghouse requested politicians not apply a one-size-fits-all […]

Continue Reading

Ripple Sold $251 Million Worth of XRP in Q2, Increasing Total Nearly 50 Percent

Ripple’s second-quarter report released Wednesday came with a few surprises: a gain, a loss, and a new partner. The distributed ledger technology firm’s total sales of XRP increased by nearly 48 percent to $251 million in the quarter, outpacing the first quarter’s $169 million in sales. Direct institutional sales drove the uptick, increasing nearly 73 percent to $107.9 […]

Continue Reading