XRP

XRP is a digital asset and cryptocurrency that was created by Ripple Labs Inc., a technology company specializing in the real-time gross settlement system, currency exchange, and remittance network. XRP operates on an open-source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, be it USD, Yen, litecoin, or bitcoin. XRP is often used by Ripple's payment ecosystem, RippleNet, and is increasingly adopted by banks and payment networks as settlement infrastructure technology. As a bridge currency, XRP also provides liquidity for instant cross-border transactions.


Markets

Bitcoin and Crypto Stocks Like Coinbase Soar as XRP Ruling Bolsters Optimism

Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.

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Videos

Ripple Scores Partial Victory in SEC Court Fight Over XRP; Ex-Celsius CEO Alex Mashinsky Is Arrested

“CoinDesk Daily” host Jennifer Sanasie breaks down an eventful day for the crypto industry, as Alex Mashinsky, former CEO of the insolvent crypto lender Celsius, is arrested and accused of orchestrating a "years long scheme to mislead customers" by the Department of Justice. Plus, Ripple’s XRP token rallies over 50% after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts.

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Markets

SOL, MATIC, ADA Tokens Surge Following XRP Ruling

A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.

SOL price (CoinDesk)

Videos

Ripple’s XRP Token Skyrockets After Court Rules XRP Sales Aren’t Investment Contracts

XRP’s price has skyrocketed after a New York Court ruled the sale of XRP tokens on exchanges did not constitute investment contracts. "The Hash" panel discusses the latest developments after the court published the conclusions in an order partially granting a motion for summary judgment in the seminal U.S. Securities and Exchange Commission case against the blockchain platform. 

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Markets

Coinbase, Other Crypto Exchanges Embrace XRP After Court Ruling

U.S. federal court ruled on Thursday that sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts.

Ripple CEO Brad Garlinghouse (Getty Images)

Markets

Ripple’s XRP Token Surges 96% After Partial Victory in SEC Lawsuit

XRP climbed as high as 93 cents at one point, its highest level since March 2022.

XRP 24-hour chart (CoinDesk Indices)

Policy

Hinman Documents Release in SEC-Ripple Case Is a Boost to Ether: JPMorgan

The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said.

William Hinman

Policy

Ripple, SEC Seem to Agree About Not Taking Hinman Speech Seriously

SEC emails illuminated ex-official Hinman’s 2018 view on ETH, which Ripple’s top lawyer said was used to ‘destroy and disrupt’ U.S. crypto, but this probably won’t steer agency policy.

Frax Ether promises above-average ether staking yields. (ClaudiaWollesen/Pixabay)

Videos

'No Other Country' Considers XRP as a Security, Ripple Legal Chief Says

Ripple chief legal officer Stuart Alderoty discusses the blockchain firm's compliance with regulators around the world and the pressure they have faced in the United States. "There's only one regulator in one country in the world that has ever suggested that XRP should be registered as a security and that's the SEC in the United States of America," he added.

Recent Videos

Policy

Colombia’s Central Bank Partners with Ripple to Explore Blockchain Use Cases

The Latin American country will conduct a pilot to test Ripple's technology for its high-value payments system.

Bandera de Colombia. (Flavia Carpio/Unsplash)