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

After GME, Dogecoin and Bitcoin, Chinese Traders Are Betting What Will Pump Next

For Chinese investors, including Justin Sun, FOMO has surpassed fear of losing money.

Justin Sun speaks at Consensus (CoinDesk Archives)

Finance

Ripple Responds to SEC Lawsuit Over XRP Sales

In a Friday filing, Ripple Labs pushed back against the SEC’s allegations.

Ripple CEO Brad Garlinghouse speaking at the DC Blockchain Summit 2019.

Markets

Market Wrap: Bitcoin Back Above $33K While Ether Up 65% in 2021

There appears to be strong support around $30,000, according to traders.

CoinDesk 20 Bitcoin Price Index

Policy

Japan Rallies Behind XRP as Ripple Faces US Litigation

Unlike the U.S., Japan considers XRP to be a cryptocurrency, not a security.

Japanese XRP investors aren't letting the U.S. Securities and Exchange Commission suit against Ripple dim their outlook on the cryptocurrency.

Markets

Market Wrap: Bitcoin Hangs at $36.4K While Ether Flies to Over $1.4K

The price of bitcoin has traded in a tight range Tuesday.

CoinDesk 20 Bitcoin Price Index

Markets

Kraken to Halt XRP Trading for US Residents

Clients residing outside the U.S. will not be affected.

Brad Garlinghouse Ripple

Markets

Market Wrap: Bitcoin Hits $40K Again While Ether Volume Is Erupting This Year

Bitcoin’s price is on a rising trend for the first time this week.

CoinDesk 20 Bitcoin Price Index

Markets

Japan's FSA Says XRP Not a Security: Report

The regulator's stance contrasts with that of the U.S. Securities and Exchange Commission.

FSA

Markets

Grayscale Investments Begins Dissolution of XRP Trust Citing Ripple SEC Suit

Cash proceeds from the Trust’s liquidated XRP will be distributed to Trust shareholders, Grayscale said.

XRP

Markets

First Mover: Cryptocurrency Euphoria Hits Breaking Point as Miners Lose Nerve

Crypto euphoria gets a reality check as bitcoin and ether tumble, though XRP is still trading well as SEC-inflicted damage proves limited.

Cryptocurrency markets have suddenly deflated after the euphoria of the year's first week.