Tag: XRP

BTC closed the day with a solid gain of more than $160 on September 13, touching the $6,500 level. Traders pushed the price even higher on September 14, but the biggest cryptocurrency could not keep the momentum and closed below the $6,500 mark (at $6,480). Trading volume was above $5 billion during the last two days of the workweek. BTC-USD…

READ MORE

Ripple has announced a new addition to its growing RippleNet payment facilitation platform. According to a blog post on the official Ripple website dated September 19, 2018, PNC Bank, a top ten bank in the United States has joined RippleNet, and will now be able to give its customers access to Ripple’s services including sending and receiving instantaneous cross-border payments….

READ MORE

After a turbulent mid-week action, we saw BTC trading around the $6,400 level on September 7, 2018. The biggest cryptocurrency did, however, briefly achieve 55 percent of market dominance, its highest point since December 2017. BTC-USD The cryptocurrency market continued to demonstrate one of the steepest declines in the past three years. Even Goldman Sachs CFO Martin Chavez calling the…

READ MORE

Ripple Labs and R3 Consortium released an official announcement on September 10, 2018, stating that both parties have managed to settle their year-long legal dispute. “Happy” to Put the Dispute in the Past Ripple Labs Inc. and XRP II, LLC released an official statement to Business Wire confirming that Ripple and R3 have reached a settlement of all outstanding legal…

READ MORE

TransferGo, a digital payments solutions firm headquartered in London has announced that it has extended its remittance services to India. Per a press release published on September 5, 2018, TransferGo will serve its customers in India, enabling swift real-time remittances from “anywhere in Europe” with aid from Ripple’s blockchain solutions. Collaboration with Ripple Although Ripple’s crypto token XRP seems to…

READ MORE

Bitcoin closed the day with a red candle on August 29, 2018, just above the $7,000 mark. The biggest cryptocurrency could not recover and dropped to $6,800 during the intraday trading session on August 30, before going back up to the $7,000 zone. BTC-USD The news that Yahoo Finance would be integrating support for trading bitcoin (BTC), litecoin (LTC), and…

READ MORE

David Schwartz, one of the original architects of the Ripple consensus network, doesn’t see XRP being the one digital asset to rule them all any time soon and holds an unspecified amount of bitcoin despite calling its Proof-of-Work consensus algorithm a “technological dead-end.” Ripple CTO Offers Interesting Insight David Schwartz, the newly appointed CTO and former chief cryptographer at Ripple,…

READ MORE

On August 16, 2018, San Francisco-based blockchain startup Ripple announced the addition of three crypto exchanges as preferred partners to its flagship cross-border payments product xRapid. Ripple’s XRP has long been criticized as a token with zero utility; however, the new partnership with crypto exchanges is a step forward in developing a healthy XRP ecosystem. Streamlining International Fiat Transfers With…

READ MORE

David Schwartz, Ripple’s chief technology officer, had conjured a similar concept to Nakamoto’s Bitcoin blockchain 30 years ago, known as a “multilevel distributed computer system,” reported The Next Web on August 17, 2018.  On August 25, 1998, Schwartz filed a patent for the distributed computer system which was designed to use the combined processing power from several personal computers to accomplish specific…

READ MORE

A United States Court judge in Northern District of California has slapped down an investors motion to remand the class action suit against Ripple Labs on August 14, 2018. The case is now set to move to federal court. On the decision, Judge Phyllis J. Hamilton wrote that plaintiffs seek  “rescission of all XRP purchases, damages, and a constructive trust…

READ MORE