|Day's range||0.219 - 0.223|
|52-week range||0.2070 - 0.5055|
|Volume (24 hrs)||1.18B|
|Volume (24 hrs) all currencies||1.18B|
Blockchain payments processor BitPay has added support for three stablecoins - Circle’s USD coin (USDC), the Gemini dollar (GUSD) and Paxos Standard token (PAX).The post BitPay now lets merchants accept three stablecoins, including Gemini dollar appeared first on The Block.
Luno Malaysia, one of the only three regulated cryptocurrency exchanges in the country, is set to list XRP on its platform.The post Crypto exchange Luno set to list XRP on its platform after receiving regulatory nod appeared first on The Block.
Ripple's XRP token is attempting to break out of the $0.23 level of resistance for the second time in two weeks after rallying by 8% since Thursday. The current level is proving to be a tough hurdle to overcome, especially as $0.23 provided support on three occasions since August before the eventual breakdown on November 24. One thing to point out is that the 22 exponential moving average on the daily chart is also currently suppressing a move to the upside. If this can be taken out, it could well provide the fuel for a rally to the next level of resistance at $0.244. A rejection at this level would be disastrous for XRP given it is already trading atThe post XRP attempts breakout after rising 8% over the weekend appeared first on Coin Rivet.
Japanese conglomerate SBI Holdings, which also owns SBI Ripple Asia, is considering offering its shareholders dividends paid in popular cryptocurrency XRP. As detailed in the recent SBI Holdings Information Meeting, the firm is planning to use Ripple’s On-Demand Liquidity (ODL) technology more heavily in the coming months, and is trialling a number of initiatives alongside Ripple. Among these initiatives are plans to reward SBI Holdings shareholders in XRP tokens, which the group plans to make available to all shareholders by March 2020. MorningStar, the financial research group based in Chicago, provided its Japanese shareholders with XRP dividends earlier this year. Investors who held more than one trading unit of MorningStar stock as of September 30 2019 were ‘gifted’ 30 XRPThe post SBI Holdings indicates shareholders could receive dividends in Ripple appeared first on Coin Rivet.
Ripple's XRP token is in dire straits after yet another red weekend that saw the world's third-largest cryptocurrency fall by more than 5%. XRP was rejected from the $0.23 level of resistance which previously acted as support throughout September, indicating that more downside price action is likely in the coming weeks. It desperately needs to hold above $0.21 or it could well drop to its lowest point in more than two years, with analysts suggesting it could reach the $0.16 and $0.11 levels of support. The nervous descent in price comes after a rocky year for XRP and the company behind it, Ripple. Ripple CEO Brad Garlinghouse has vocally defended the project in spite of criticism surrounding its status asThe post XRP continues to struggle at $0.22 as bear market pressure mounts appeared first on Coin Rivet.
Japanese cryptocurrency exchange BitFlyer, recognized as one of the 10 exchanges with “real” trading volumes by asset management firm Bitwise, has added trading support for XRP cryptocurrency.The post Japanese crypto exchange BitFlyer adds trading support for XRP appeared first on The Block.
One of the most important aspects of cryptocurrency is adoption. Without mass adoption by new blood, the future for crypto looks bleak, and there will likely never be another bull run. As such, it is critical that cryptocurrency projects close deals with major retail-oriented brands to increase visibility and get the word out there. Over the last month, there has been some movement in this area by a handful of projects. In this article, I will discuss the ones I found the most promising in terms of spreading awareness about cryptocurrencies. Ripple partners with MoneyGram I spoke with @bgarlinghouse at SwellbyRipple about the @MoneyGram partnership with @Ripple and what's next for the money transfer industry. Using ODL will strengthen andThe post Which crypto projects are closing partnerships with major brands? appeared first on Coin Rivet.
Ripple has completed its commitment to buy $50 million worth of equity in money remittance service MoneyGram. In a press release shared with Coin Rivet, MoneyGram announced that Ripple had successfully acquired a further $20 million worth of equity in the NASDAQ-listed company having already invested $30 million earlier this year. Ripple purchased newly created equity at a price of $4.10 per share, which is significantly higher than MoneyGram’s current market price of around $3.00. However, the extra capital will be used to develop 'On-Demand Liquidity' (ODL) solutions. Ripple’s ODL technology uses XRP digital assets to send money globally and instantly for low fees. Chairman and CEO of MoneyGram Alex Holmes said of the investment: "Our partnership with Ripple isThe post Ripple completes investment in MoneyGram with additional $20 million appeared first on Coin Rivet.
Blockchain analysis firm Messari has launched a scathing attack on Rippleworks and its executives, claiming that Ripple used a $174 million donation to the foundation as a tax write-off. After examining Ripple’s ‘Return of Private Foundation’ form (Form 990), Ryan Selkis, the founder of blockchain analysis firm Messari Pro Research, alleged that Ripple executives were using the Ripple Foundation for Financial Innovation, or ‘Rippleworks’, as a "corporate and executive tax shelter" and had failed to dispense grants to charities. Discussing charitable donations made in the 2018 tax year by Rippleworks, Selkis wrote: “…the entity affiliated with Ripple and its co-founder Chris Larsen granted exactly $0 to other charities out of a staggering $1.2 billion AUM.” Rippleworks was established to promoteThe post Blockchain research firm Messari claims Ripple is operating a ‘tax shelter’ appeared first on Coin Rivet.
Ripple's XRP token has endured a turbulent year, with more than $10 billion being wiped from the cryptocurrency's total market cap. In late June, the price of XRP reached dizzying heights as it tested the key $0.50 level of resistance. However, the euphoria was short-lived as XRP proceeded to slump dramatically in the following months, eventually succumbing to a depressing yearly low of $0.21 in September. Two months on, and despite a test of the $0.31 region in early November, XRP continues to stagnate at around $0.24. The market cap of XRP is now just $10.68 billion, which is 50% down from its yearly high of $20.7 billion and a far cry from its all-time high of $146 billion inThe post $10 billion wiped from XRP market cap since June appeared first on Coin Rivet.
Ripple (XRP) is making a name for itself as one of the most relevant cryptocurrencies in the market today. With a current market cap of almost $12 billion, it is the third-largest cryptocurrency by market value. Rather than simply being used for speculative trading, it has a practical use too, with many big financial firms using XRP for their international payments. It’s no surprise then that several subreddits have been created with a focus on all things related to Ripple. What is XRP? XRP is the cryptocurrency used by the Ripple payment network, which was created to speed up the transfer of money between institutions. Ripple connects banks, payment providers, and digital asset exchanges via RippleNet to provide a frictionlessThe post Three XRP subreddits you should follow appeared first on Coin Rivet.
Tokyo-based remittance company SBI Remit has announced the launch of the first-ever blockchain-based money transfer service between Japan and Vietnam. According to a press release published earlier today, the group will be using RippleNet blockchain technology to facilitate the transfers. The new service is part of SBI Ripple Asia, a collaborative project established between Ripple Labs and SBI Holdings in May 2016. SBI Holdings is one of the largest money transfer services in Japan, providing remittance solutions to over 200 jurisdictions. The group has a preexisting partnership with international remittance company MoneyGram, which facilitates international money transfers in around 10 minutes. However, through RippleNet technology, the group hopes its service will become even faster and cheaper. Commenting on the launch,The post SBI Ripple Asia launches first blockchain remittance service between Japan and Vietnam appeared first on Coin Rivet.
Cryptocurrency exchange Binance has added support for Turkish lira (TRY) for its direct fiat-to-crypto buying facility. This will allow Binance users to buy bitcoin (BTC), ether (ETH) and XRP directly with lira.The post Binance adds support for Turkish lira for direct crypto purchases appeared first on The Block.
Cryptocurrency exchange Coinbase’s Visa debit card has today added support for XRP and four more coins. The four coins are Brave browser’s basic attention token (BAT), Augur (REP), Stellar (XLM) and 0x (ZRX), Coinbase Card announced Thursday.The post Coinbase’s crypto Visa debit card adds support for XRP and 4 more coins appeared first on The Block.
XRP, the cryptocurrency used by the Ripple payment network, is growing in popularity. The world's third-largest cryptocurrency by market cap is now used by a number of major banks as part of their payment settlement infrastructure. The altcoin has become a major cryptocurrency, so it’s no surprise that many retail investors want to get their hands on it. Thankfully, it is much easier to buy XRP today than it was a few years ago. There are now several exchanges which allow you to buy XRP with USD, as well as with other fiat currencies. What is XRP? XRP is the cryptocurrency used by the Ripple payment network, which was created to speed up the transfer of money between institutions. RippleThe post How to buy XRP with USD appeared first on Coin Rivet.
Cryptocurrency exchange Binance has added support for euro (EUR) for its direct fiat-to-crypto trading facility, according to an announcement Friday. The exchange has also added support for Ukraine’s and Kazakhstan’s fiat currencies - hryvnia (UAH) and tenge (KZT), respectively, as The Block broke the news last week.The post Binance adds support for euro, bringing the total to 5 currencies for its direct fiat-to-crypto trading facility appeared first on The Block.
Blockchain payments firm Ripple has said that “more than two dozen” customers use its On-Demand Liquidity (ODL) solution, which leverages XRP cryptocurrency to settle cross border payments.The post Ripple says 'more than two dozen' customers use its payments solution that leverages XRP appeared first on The Block.
Cryptocurrency exchange Binance has added support for Russian rubles (RUB) for its direct fiat-to-crypto trading facility. The move allows Binance users to deposit and withdraw rubles, as well as to buy bitcoin (BTC), ether (ETH) and XRP cryptocurrencies with the fiat currency, according to an announcement Wednesday.The post Binance adds support for Russian rubles for direct fiat-to-crypto trading appeared first on The Block.
Bitso, a major Mexican exchange, has received funding from Ripple, in addition to Jump Capital and Coinbase. With this new funding round completed, Bitso expects to tackle other markets like Argentina and Brazil. As recently reported by Coin Rivet, South American markets have been growing over the past few years, as local currencies devalue versus the US dollar. Hopefully, with additional exchanges offering quality services adoption will increase. In Mexico, Bitso acquired a stunning 750,000 customers in a very short period. Will the trend continue? What will be the long-term impact of Bitso in Latin America? Bitso concludes additional funding round Bitso plays a vital role in RippleNet’s US to MXN corridor, and we’re thrilled to expand our partnership asThe post Could Ripple become bullish with Bitso? appeared first on Coin Rivet.
Ripple sold $66.2 million of XRP in Q3 2019, an amount that is 74% lower than the $251.5 million that the company sold in Q2, which was a record quarterly sale. The post Ripple sales of XRP decreased 74% to $66.2 million in Q3; Ripple claims of "FUD" increased significantly appeared first on The Block.
Brad Garlinghouse, chief executive officer of blockchain payments firm Ripple, has said that the company signs more than 30 deals per quarter with financial institutions.The post Ripple CEO claims to sign over 30 deals a quarter with financial institutions for blockchain payments appeared first on The Block.
The Facebook executive behind the Libra blockchain project says its developers are designing the cryptocurrency under the assumption that it could grow large enough to present risks to the economy.