XRP
XRP is the native cryptocurrency for the Ripple distributed ledger payment network. XRP acts as a bridge currency to other currencies. Ripple operates on an open source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, whether it is fiat or cryptocurrency.
Bitcoin Leads Bullish Trend with $125M Inflows in Overall Crypto Market
CoinShares reports a significant increase in investor bullishness towards digital assets, with a total inflow of $125 million in the past week. In the last fortnight, inflows totaled $334 million, representing nearly 1% of the total assets under management (AuM).
Ripple Receives Approval for Digital Payment License from MAS
Ripple, a leading provider of enterprise blockchain and cryptocurrency solutions, has announced a significant milestone for its Singapore subsidiary, Ripple Markets APAC Pte Ltd.
Crypto Market Outflows Continue for 8th Week Amid Rising Rates and SEC Actions
The cryptocurrency market has recorded its eighth consecutive week of outflows, driven by ongoing monetary policy concerns and mounting regulatory pressures.
Ripple Acquires Swiss-based Metaco, Sets Sights on $10T Institutional Crypto Custody Market
Ripple, the global provider of blockchain-based payment systems, has announced its acquisition of Metaco, a Swiss provider of digital asset custody and tokenization technology.
Australian Crypto Community Remains Enthusiastic Despite Regulatory Concerns
Despite regulatory concerns dominating discussions at recent crypto conferences in the US and Australia, the crypto community remains enthusiastic about the potential of digital assets. Attendees are more focused on discussing intelligent questions around regulation and tax rather than the extravagances of past events. Interest in crypto remains high, and the rise in the price of Bitcoin is encouraging the crypto-curious to attend conferences and ask beginner-level questions.
Crypto Conferences Scale Back
Crypto conferences have toned down the extravagance in response to the extended crypto winter, with attendees focusing on discussing regulation and tax. The XRP Las Vegas conference for XRP enthusiasts and the “XRP Army” highlighted frustration over regulatory clarity in the United States. Meanwhile, regulation was the primary topic at a recent Binance Australia meetup event, where attendees asked intelligent questions despite the ongoing bear market. Interest in crypto remains strong, even as conferences scale back.
YouTuber's Channel Hacked for XRP Scams
DidYouKnowGaming's YouTube channel was hacked to promote XRP scams, with the hacker changing the channel's profile and cover images to Ripple's logo. YouTube intervened quickly to prevent further damage, but the rise of deepfakes remains a threat to crypto investors.
Ripple Launches Liquidity Hub to Bridge Crypto and Fiat
Ripple has launched a liquidity solution for businesses to access digital assets, including BTC, ETH, ETC, BCH, and LTC, through various market makers. The Ripple liquidity hub aims to bridge the gap between crypto and fiat, and reduce the cost of operations on high-volume transactions. Notably, XRP is not mentioned in the product launch, which could be attributed to Ripple's ongoing court battle with the SEC.
XRP Not a Security According to Hogan
Jeremy Hogan, partner at Hogan & Hogan, argues that Ripple’s XRP does not fit the definition of an investment contract and is therefore not a security. The SEC lawsuit against Ripple claims that the company illegally sold XRP as an unregistered security, but Hogan argues that the SEC has not demonstrated an implied or explicit investment contract.
SEC Loses Appeal in LBRY Vs. SEC
The crypto community hailed the LBRY ruling that LBC tokens sold on the secondary market are not securities.