Browsing:XRP

Traders Suffer $190M in 48 Hours Amid Fake SEC Tweet and Market Volatility
3 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
4 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
4 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
4 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
5 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

Whales keep purchasing millions of dollar worth of XRP tokens despite no change in price
5 months ago 1 min read

Whales keep purchasing millions of dollar worth of XRP tokens despite no change in price

Although the price of XRP hasn’t changed much over the last week, big investors have been making ripples in the background. Recent information reveals a notable increase in on-chain activity, indicating a whale purchasing frenzy aimed at profiting from the altcoin’s low performance. Crypto expert Ali Martinez found significant whale activity in the XRP market over the past seven days while giving thoughts on X. Based on statistics from Santiment, these large investors jumped in and bought almost 11 million tokens, or about $6.82 million. Upon closer inspection, the data shows a noticeable increase in holdings, especially for whales that

Recent large transfers by XRP whales, totaling $30 million worth of the token to central exchanges
5 months ago 1 min read

Whale transfers 50 million XRP worth around $30 million to exchanges

As Ripple navigates a fierce legal battle with the SEC, XRP investors find themselves in a state of uncertainty, torn between legal victories and recent whale movements impacting the digital asset’s market dynamics. Recent large transfers by XRP whales, totaling $30 million worth of the token to central exchanges, have sent shockwaves through the crypto community. The move, flagged by Whale Alert, involved nearly 50 million XRP tokens exchanged to centralized financial firms, with Bitstamp and Bitso receiving substantial amounts on November 24. Speculation looms over the intent behind these transfers, with many questioning whether the whale’s decision to sell

The XRP Ledger
5 months ago 1 min read

The XRP Ledger completes its 84 millionth ledger transaction

The XRP Ledger, the foundational blockchain for the XRP crypto, has reached an important milestone by completing its 84 millionth ledger transaction. XRPScan analytics show that the current ledger count exceeds 84 million, a significant achievement just six weeks after the ledger completed its 83 millionth transaction in early October. This rate corresponds to about 1 million new ledgers per month. This continued growth underscores the XRP Ledger’s rapid adoption and continuous innovation as the third-largest blockchain by market capitalization, after Bitcoin and Ethereum. With new developments on the horizon, the XRP Ledger is ready for even more progress. Two

GameStop Memes vs. Ripple And Solana
5 months ago 4 mins read

GameStop Memes vs. Ripple And Solana: A Comparative Analysis Of 10x Investment Opportunities Amidst Bitcoin’s Surge

The cryptocurrency market has been a hotbed of activity in recent times, with Bitcoin’s resurgence above $35,000 igniting a frenzy in the altcoin space. Among the notable altcoins, Ripple (XRP) and Solana (SOL) have made impressive gains, but GameStop Memes (GME) presents a unique opportunity that sets it apart from the competition. In this article, we’ll delve into why GameStop Memes could be the preferred choice for investors in the current market scenario compared to Ripple and Solana. Ripple’s Resurgence Ripple has made a notable resurgence, with its price surging by over 5%, reaching $0.60. The market value of XRP

Ripple Legal Battle Intensifies as CLO Accuses SEC Chair of Crypto Bias
5 months ago 1 min read

SEC Chair Gensler Faces Accusations of Bias and Prejudice from Ripple CLO

The U.S. Securities and Exchange Commission (SEC) chairman, Gary Gensler, recently declared at a gathering that “we [regulators] are partners of honest business and prosecutors of dishonesty.” But others in the crypto world took exception to this declaration, and Stuart Alderoty, Chief Legal Officer of Ripple Labs, quickly refuted Gensler’s claims. Despite being sued, Alderoty noted that Ripple was never accused of “dishonesty.” This refutes Gensler’s assertion that the SEC only targets dishonest companies. Alderoty went on to say that Gensler has perpetuated the bias in the Ripple case by bringing lawsuits without doing adequate investigations, continuing the biased start

XRP investors found themselves in a tough spot as losses totaling $7.26 million unfolded due to misleading rumors about a BlackRock ETF.
5 months ago 1 min read

False BlackRock ETF Rumors Wipe Out Over $7 Million XRP Traders

XRP investors found themselves in a tough spot as losses totaling $7.26 million unfolded due to misleading rumors about a BlackRock ETF. These losses marked the fourth-largest among major cryptocurrencies, trailing behind bitcoin, ether, and Solana. The tumult began when XRP’s price experienced a sudden uptick, surging from 65 cents to 73 cents. The catalyst behind this shift was a deceptive tweet suggesting that BlackRock had filed for an XRP ETF. Unfortunately, the information proved to be false, but not before triggering a temporary spike in XRP prices. As the truth about the fake ETF filing surfaced, XRP witnessed a

Ripple has partnered with African fintech firm Onafriq
6 months ago 1 min read

Ripple Expands into Africa with New Cross-Border Payments Solution

Ripple, a leading provider of cryptocurrency-based payment solutions, is expanding its reach with new initiatives aimed at simplifying cross-border transactions. The company has upgraded its Ripple Payments service to make it more accessible to non-crypto-savvy businesses, particularly in the United States. Additionally, Ripple has partnered with African fintech firm Onafriq to facilitate faster and cheaper money transfers between Africa and other regions. Ripple Payments is designed to streamline cross-border payments for businesses of all sizes, regardless of their familiarity with crypto. The service has been enhanced to simplify integration for US and select international companies, leveraging Ripple’s regulatory licenses in

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