Browsing:XRP

Ripple (XRP) has released around 400 million XRP tokens,
2 days ago 1 min read

Ripple releases 400 million XRP tokens, valued at around $217 million

Ripple (XRP) has released around 400 million XRP tokens, worth around $217 million, according to Whale Alert. These unexpected transactions have sparked the curiosity of the XRP community due to its unusual timing. Traditionally, Ripple, the company behind the XRP token released around 1 billion XRP tokens from its escrow wallet on the first day of each month. However, only half a billion tokens were locked in escrow in February. This in fact led to speculation about the nature of the transactions. Note that Ripple’s token unlock strategy aims to ensure transparency and predictability in its supply chain. It is

Ripple was hacked for around 213 million $XRP worth over $112.5 million, ZachXBT report
4 weeks ago 1 min read

Ripple was hacked for around 213 million $XRP worth over $112.5 million

Ripple, the company behind XRP crypto, just got hit by a nasty cyberattack. Hackers swiped around 213 million XRP, worth around $112.5 million at the time. The eagle-eyed sleuth @zachxbt was the first to spot the security breach, sounding the alarm bells and sending the crypto world into a frenzy. According to the report, the tokens are being laundered through various exchanges, including MEXC, Gate, Binance, Kraken, and a whole bunch more. Meanwhile, in the ongoing legal tussle between Ripple and the SEC, things are getting spicy. A legal eagle raised concerns about the SEC’s tactics, accusing them of misleading the court with shady info.

Ripple CEO Brad Garlinghouse has recently hinted at the potential adoption of XRP by the banks of the United States.
1 month ago 1 min read

Ripple CEO Hints at Potential US Bank Adoption: Key to XRP’s Success?

Ripple CEO Brad Garlinghouse recently hinted at a significant development: the potential adoption of XRP by US banks. In a video shared by blockchain influencer Ben Armstrong, a well-known voice in the industry, it was claimed that the adoption of XRP by US banks could be the “key to XRP’s success.” Ripple faced significant legal challenges for over two years after the SEC sued the platform in 2020, accusing it of conducting an unregistered digital asset securities offering that raised more than $1.3 billion. Despite Ripple’s vision for global expansion and increased XRP adoption, legal hurdles remained significant. However, a

The recent approval and launch of spot Bitcoin ETFs in the United States has had a positive ripple effect on the cryptocurrency market, particularly for XRP.
1 month ago 1 min read

XRP Sees 244% Increase in Investor Interest Following Spot Bitcoin ETF Launch

The recent approval and launch of spot Bitcoin ETFs in the US has had a positive ripple effect on the crypto market, particularly for XRP. CoinShares’ weekly data on digital asset fund inflows shows a significant increase in institutional investor interest in XRP-based investment products, fueling speculation about the approval of a spot XRP ETF shortly. The introduction of spot Bitcoin ETFs resulted in a significant increase in both price and general market sentiment for XRP, the Ripple network’s native crypto. CoinShares reported a remarkable 244% increase in weekly net inflows into XRP-based products, totaling $2.2 million. This surge in

Another Significant XRP Transfer Sparks Community Speculation
1 month ago 1 min read

Whale moves over 443.1 million XRP, worth $254.8 million, sparking community speculation

XRP has once again taken center stage with a significant transfer of 443.1 million XRP, worth $254.8 million at the current price of $0.573 per XRP. This transaction, which occurred just over an hour ago, has piqued the interest of the crypto community, resulting in widespread speculation. This latest transfer follows a much larger transaction on Sunday that involved nearly $15 billion in XRP, or approximately 25.6 billion tokens. This significant movement raised eyebrows and sparked various concerns in the crypto community. Bitfinex CEO Paolo Ardoino revealed that the Sunday transaction was an attempted attack using the “Partial Payments Exploit.”

Bitfinex CEO Paolo Ardoino revealed details about a foiled hacking attempt that targeted nearly $15 billion in XRP
1 month ago 1 min read

Hackers Tries To Steal Over $15 Billion in XRP From Bitfinex Fails

Bitfinex CEO Paolo Ardoino revealed details about a foiled hacking attempt that targeted nearly $15 billion in XRP, accounting for nearly half of the total value of XRP. According to Ardoino, hackers attempted to use an XRP Ledger network feature to move a large amount of XRP. However, the attempt failed, with the actual transaction amounting to only a few cents in XRP. The hacker’s inability to carry out the intended transactions was the cause of the failed attack. The attackers attempted to use a technique known as the “Partial Payments Exploit.” This method involves modifying the XRP Ledger’s Partial

1 month ago 1 min read

Over $147 billion worth of Ripple (XRP) coins were transferred to crypto exchanges

Whale Alert, a vigilant tracker of significant crypto transactions, raised the alarm, claiming an astronomical transfer of over $147 billion in Ripple (XRP) coins to crypto behemoths Binance and Bitfinex. But before we get into the sensational figure, let’s unpack the mystery behind this attention-grabbing headline. The reported transfer immediately raised eyebrows in the crypto community because Ripple’s (XRP) total circulating supply is set at 54 billion XRP. The numbers simply didn’t add up, necessitating a closer look at the situation. Bitfinex CEO Paolo Ardoino quickly addressed the situation, shedding light on what occurred. Bitfinex, according to Ardoino, was the

Traders Suffer $190M in 48 Hours Amid Fake SEC Tweet and Market Volatility
2 months ago 1 min read

Bitcoin Traders Lose Over $180 Million in 48 Hours Amid Price Fluctuations and Fake SEC Tweet

While the crypto community awaits the decision on a Bitcoin Spot ETF, Bitcoin traders are caught in a whirlwind of uncertainty, resulting in losses exceeding $180 million in a matter of 48 hours. This wild ride is characterized by rapid price fluctuations and the impact of a deceptive tweet, shedding light on the market’s susceptibility to manipulation. On December 9th, a phony tweet from the SEC’s X account announced the approval of a Bitcoin ETF. This misinformation set off a chain reaction that caused Bitcoin prices to wildly fluctuate, resulting in around $90 million in trading losses. This incident highlights

Whale Transfers 47 million XRP To Crypto Exchanges
2 months ago 1 min read

Whale Transfers 47 million XRP To Crypto Exchanges

Recent on-chain data shows significant whale activity in XRP transactions, including a massive transfer of around 47 million XRP tokens to crypto exchanges. As the price of XRP falls, investors and the crypto community speculate on the reasons for these large transactions. According to a detailed report, a whale made two significant transfers, transferring a total of 47 million XRP tokens to centralized exchanges (CEXs). The transactions took place as the token’s price fell. The whale initially transferred around 24,800,000 XRP tokens worth $15,463,840 to the crypto exchange Bitso. The unknown wallet address was identified as r4wf7enWPx…5XgwHh4Rzn by the on-chain

Ripple's Ongoing XRP Liquidation
2 months ago 1 min read

Over $190 million worth of XRP dumped in December by Ripple

Ripple, a major crypto player and XRP holder, has been actively liquidating its monthly unlocked reserves. The company’s recent sell-offs have piqued investors’ interest, with over $192.2 million in XRP already dumped in December alone. In this article, we will go over Ripple’s liquidation strategy and its potential implications for the XRP market. Ripple had already sold 240 million XRP worth $148.8 million as of December 21. This was 40 million tokens more than the monthly unlocked and held amount, indicating a proactive approach to liquidating its reserves. On December 27, 70 million more XRP were sold, bringing the total

Charles Hoskinson Stands Ground on XRP Critique Amid Backlash, Questions Bitcoin's Necessity
2 months ago 1 min read

The founder of Cardano Remains Firm on XRP Criticism Despite Backlash

Charles Hoskinson, the founder of Cardano, has upheld his critical stance on XRP, asserting that XRP lacks both partnership and technical value. This reaffirmation comes a year after his initial comments and follows persistent harassment from the XRP community spanning two years. When questioned about his viewpoint on XRP, Hoskinson highlighted the ongoing harassment and underscored the absence of technical parallels between Cardano and XRP as the basis for his assertions. According to Hoskinson, the objectives of the company behind XRP differ significantly and do not align with the technological goals of platforms like Cardano or Ethereum. After receiving a

Ripple's Release of 1 Billion XRP Sends Ripples Across Crypto
3 months ago 1 min read

Ripple Unlocks 1 Billion XRP Tokens: What Does This Mean for the XRP Community?

Ripple Labs, the company behind XRP, has restarted its monthly release program, releasing 1 billion XRP tokens from its Escrow reserve. This routine transaction, revealed by leading cryptocurrency tracker Whale Alert, occurred in three consecutive whale transactions. The first transaction resulted in the release of 200 million XRP tokens worth $120.4 million. The second transaction followed quickly, revealing 300 million tokens worth around $180.6 million. The final whale transaction from the escrow account released a massive 500 million XRP tokens with a $301 million estimated value. The total unlocked tokens are worth $610 million at the current market price. Ripple