|Day's range||0.226 - 0.246|
|52-week range||0.2257 - 0.5055|
|Volume (24 hrs)||2.01B|
|Volume (24 hrs) all currencies||2.01B|
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.
The head of Facebook's blockchain project told Yahoo Finance that the development of the Libra project will get harder but said the departure of seven founding companies has forced "no change."
A cryptocurrency exchange-traded fund (ETF) has yet to garner regulatory approval, but Grayscale Investments has gotten a green light from FINRA for a publicly-quoted security that derives its value from a basket of digital currencies. The post Grayscale gets FINRA approval for Digital Large Cap Fund appeared first on The Block.
Cryptocurrency wallet provider BRD (formerly Bread) has received a $750,000 investment from blockchain payments firm Ripple to boost the adoption of its XRP cryptocurrency.The post Ripple invests $750K in crypto wallet BRD to increase XRP usage appeared first on The Block.
Samsung Electronics America recently collaborated with fintech firm Finablr to launch a money transfer service via the Samsung Pay app. The feature is being powered by Finablr’s subsidiary Travelex.The post Samsung-Finablr deal on overseas payments does not involve Ripple or XRP appeared first on The Block.
CFTC chairman Heath Tarbert believes ether (ETH) is a commodity and falls under the jurisdiction of the CFTC—and he expects to see ether futures contracts.
London-based fintech firm Finastra has joined Ripple’s blockchain-based payments network, RippleNet, seeking faster cross-border payments.The move will allow Finastra’s customers i.e.The post Ripple, fintech firm Finastra partner for blockchain remittances appeared first on The Block.
B2C2, a cryptocurrency liquidity provider and an over-the-counter (OTC) trading firm based in London, has launched a new gold derivative product, which is priced and settled in bitcoin (BTC).The post In first, crypto market maker B2C2 launches a gold derivative, settled in bitcoin appeared first on The Block.
Ripple's XRP token has enjoyed a fruitful start to the week with a rally back above the $0.25 level of support. Prior to the rally, the digital asset had fallen to its lowest point since December 2017, with suggestions that if this level of support was to break, the value of XRP would plummet all the way back down to the $0.15 region. Interestingly, when XRP was at $0.23 in December 2017, it took less than a month for it to eclipse its all-time high of $3.28. XRP's weekly and daily candles closed in a relatively bullish posture. However, more volume is needed to sustain the bounce and drive it back towards the $0.30 level of resistance. Currently, price hasThe post XRP market cap increases by $500 million after 5% rally appeared first on Coin Rivet.
Blockchain payments provider BitPay will add support for XRP, the world’s third-largest cryptocurrency by market capitalization, by the end of this year.The post BitPay to add support for XRP later this year appeared first on The Block.
Blockchain payments firm Ripple has acqui-hired Iceland-based cryptocurrency trading firm Algrim to expand operations in Europe. Announcing the news on Monday, Ripple said Algrim will play an “integral” role in the ongoing development of its On-Demand Liquidity (ODL) product which utilizes XRP cryptocurrency for cross-border payments.The post Ripple acqui-hires Iceland-based crypto trading firm Algrim to expand in Europe appeared first on The Block.