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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.
Ripple Looking to Build a Market-Making Platform for XRP
Global payments company Ripple is reportedly looking to build a crypto market-making platform and is currently hiring staff in London and Singapore. The company is still mired in legal action in the U.S. "The Hash" hosts digs into the world of market-making, exploring the outlook for Ripple and XRP's price amid ongoing regulatory woes.
Bitcoin Tumbles Most Since May and El Salvador Buys the Dip
Price drop triggers about $3 billion of liquidations of trading positions due to margin calls.
Why Are Altcoins Outperforming Bitcoin?
CoinDesk’s Galen Moore discusses his crypto markets analysis and outlook in response to a chart illustrating altcoins outperforming bitcoin in August. “When you see a chart like this with Cardano and XRP in the top three, that is certainly an indicator of retail froth,” Moore said. Plus, his take on growing institutional interest in crypto.
Market Wrap: Bitcoin Rally Expected to Pause
Analysts expect traders to take a breather after the crypto's recent rally.
XRP Cheers Ripple's Japan-Philippines Corridor as Bitcoin Breaks Above $40K Ahead of Fed
Ripple's xRapid cross-border payment service allows customers to transfer funds using XRP, making transactions faster and cheaper.
Ripple On-Demand Liquidity Corridor Opens Between Japan and Philippines
It marks a significant step for Ripple looking to cut in a slice of the $1.8 billion in yearly remittances from Japan to the Philippines.
Report: Stellar Foundation Eyes Potential Acquisition of MoneyGram
The Stellar Development Foundation, part of the Stellar Network that issues the Stellar Lumens (XLM) token, has reportedly expressed interest in acquiring remittance provider MoneyGram.
XRP Eyes 'Death Cross,' Has Support at $0.51
Previous "death crosses" have marked major or interim price bottoms.
Ripple Can Depose Former SEC Official in Lawsuit: Report
A U.S. judge ordered William H. Hinman, the former chief of the commission's corporate finance division, to sit for questioning.
SEC v. Ripple: Lawsuit Gets Tense While Firm Enters Race for Tokenization
Asheesh Birla, the general manager of RippleNet at Ripple, discusses the impact of Ripple’s ongoing case with the SEC on its business. “We welcome thoughtful, proper regulation, and I think that’s been missing,” Birla said, on the need for more regulatory clarity.