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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.
XRP Leads Gains in Major Cryptos, Bitcoin Holds Above $42K
Stronger-than-expected U.S. jobs data and bitcoin adoption by two major credit unions supported a price recovery, analysts said.
Shiba Inu's SHIB Rockets 26%, Leads Meme Coin Gains
Several dog-themed tokens were the top gainers on Monday amid a recovery in the broader crypto market.
XRP Rises as Ripple Announces $200M Share Buyback
Blockchain payments company Ripple has announced it bought back $200 million worth of its Series C shares initially issued in December 2019, bringing the firm's total valuation to $15 billion. The native XRP cryptocurrency climbed 3.8% on the news Wednesday morning. "The Hash" discusses the latest in the world of Ripple amid an ongoing regulatory battle with the SEC.
Digital Asset Funds Hit by Record Weekly Outflows of $207M
Bitcoin-focused investment funds saw $107 million in outflows over the seven-day period.
Bitcoin Falls Below $43K, Leads to $800M in Crypto Liquidations
Over 87% of losses arose from crypto traders in long positions.
The Tragedy of the Third Coin
As crypto moves increasingly mainstream, many retail investors seek an alternative to bitcoin and ethereum.
XRP Gets Wrapped by Tokensoft for Ethereum DeFi Debut
Tokensoft’s Wrapped is now taking a multi-custodial approach, having partnered with Hex Trust on wXRP.
Ripple Launches $250M NFT Fund
Creators, brands and marketplaces will be given support to explore how the XRP Ledger’s speed and cost can support new use cases for NFTs.
Judge Denies Ripple’s Motion to Have SEC Employees’ Crypto Transactions Disclosed
Ripple Labs has been petitioning the SEC for employees’ trading records since early July.
Ripple Is Looking to Build a Market-Making Platform for XRP: Sources
The company, still mired in legal action in the U.S., is hiring in London and Singapore.
