XRP - Optimisus

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

In the last 24 hours, XRP has experienced a notable price spike, making it the top-performing crypto among the majors.

6 months ago 1 min read

XRP surges by over 11% to become the top-performing crypto majors

In the last 24 hours, XRP has experienced a notable price spike, making it the top-performing crypto among the majors. XRP experienced a price increase of over 11%, which caught the attention of traders and investors. Although the price saw a slight retreat on Monday, it still managed to maintain solid upward momentum. Trading volumes also exhibited a surge, rising from $1 billion on Sunday to $2 billion, according to data from CoinMarketCap. At the time of writing, XRP was trading at $0.72, and interestingly, it managed to surpass Binance Coin (BNB) to become the fourth-largest token by market capitalization.

U.S. SEC Showdown Set for November 9 in XRP Lawsuit

6 months ago 2 mins read

US SEC and Ripple Prepare for November 9 Lawsuit

The ongoing XRP lawsuit saga between the U. Securities and Exchange Commission (SEC) and Ripple Labs has taken another twist, with a crucial meeting scheduled for November 9. While the charges against Ripple’s top executives have been dropped, the broader legal issues surrounding XRP remain unresolved, making this upcoming meeting a pivotal moment for the future of digital assets in the United States. The Significance of November 9 The November 9 meeting, as declared by the SEC, holds immense significance as it is expected to shed more light on the direction this legal battle will take. In a recent communication

XRP has managed to grab the spotlight with a surge above $0.53

6 months ago 1 min read

XRP Surges Above $0.53 Amid Legal Clarity and Whales Activities

XRP has managed to grab the spotlight with a surge above $0.53. This unexpected leap comes after a relatively quiet period of over 10 days and stands out in a market where most other cryptocurrencies are facing a decline. On-chain analytics platform Santiment recently published a report that points to a rapid accumulation of XRP by wallets in the 10,000 to 10 million XRP range. These are the “smart money” tiers we’re talking about. According to Santiment, wallets in this range have been stacking up XRP at a pace not seen since July 27. In fact, they now hold a

6 months ago 1 min read

XRP Sees a 9% Price Surge as Major Transfers Hit Exchanges

According to data from Whale Alert, which closely tracks big crypto transactions, the last 24 hours saw two significant XRP transfers heading to popular exchanges: Bitso and Bitstamp. What’s interesting is that these transfers coincided with a noteworthy price jump for XRP, the cryptocurrency associated with Ripple. In the last 10 days, it was the first time XRP experienced a significant price increase, nearly 9%, while many other cryptocurrencies were on a downward trend. So, what’s going on with these transfers? The data shows that 32,300,000 XRP, valued at $15,794,353, was sent to the Europe-based platform Bitstamp, and another 32,300,000

SEC Withdraws Lawsuit Against Ripple's Larsen and Garlinghouse

6 months ago 1 min read

The US SEC Drops Lawsuit Against Ripple’s Executives

The United States Securities and Exchange Commission (SEC) has dismissed its case against two of Ripple’s executives, Brad Garlinghouse and Chris Larsen. Brad Garlinghouse is the CEO, and Chris Larsen is the co-founder of the company. The SEC’s decision to drop the case against Garlinghouse and Larsen was announced in an official document. Former Federal Prosecutor James K Filan shared the excerpt from the document, which read, “the claims alleged by Plaintiff Securities and Exchange Commission against Defendants Bradley Garlinghouse and Christian A. Larsen are hereby dismissed in their entirety without costs or fees.” As a result, this means that

Ripple (XRP) conducted a transaction involving 75 million unlocked XRP tokens on October 16

6 months ago 2 mins read

Ripple transfers 75 million unlocked XRP tokens

Recently, Ripple (XRP) conducted a transaction involving 75 million unlocked XRP tokens on October 16, originating from the 200 million tokens retained after October’s escrows. These monthly inflations of XRP are sold or utilized by Ripple during strategic market opportunities, such as during a recent surge and decline event involving Bitcoin. On the same day, Ripple used 75 million XRP tokens, and crypto news companies spread unverified and false rumors about the SEC’s supposed approval of BlackRock’s Bitcoin spot ETF. This rumor briefly pushed the BTC price from $27,700 to $29,900. But BTC quickly retraced to $28,000. This abrupt move

Ripple (XRP) wallets holding between 100K & 100 million XRP tokens now command $7.89 billion in XRP compared to last year

7 months ago 2 mins read

$XRP Whales Now Control 26.8% of Supply

The year 2023 has brought a noticeable decline in whale activity on the XRP Ledger when compared to the vibrant scenes of 2021 and 2022. However, while the giants of the XRP seas seem to have gone quieter, a different class of marine creatures, including key shark and whale addresses, continues to accumulate the network’s native token, $XRP. This insight comes from the on-chain analytics experts at Santiment, who’ve been keeping a close eye on the XRP Ledger. They’ve uncovered that wallets holding between 100,000 and 100 million XRP tokens now command a hefty $7.89 billion in XRP, compared to

Ripple Scores Victory as Judge Blocks SEC's Appeal in XRP Case

7 months ago 1 min read

Judge Rejects SEC’s Bid to Appeal Ripple (XRP) Ruling

In a recent development in the Ripple case, the judge has turned down the SEC’s request to appeal the recent victory secured by Ripple. Judge Analisa Torres made this decision on October 3, 2023. Furthermore, the SEC’s plea for a postponement was also dismissed as unnecessary. The scheduled hearing is set to take place on April 23, 2024, starting at 9:00 AM. In the court’s pretrial scheduling order, several important deadlines have been established: This ruling stands as a significant victory for Ripple in its ongoing legal battle with the SEC.

Ripple Cancels Fortress Trust Acquisition, Maintains Investment

7 months ago 1 min read

Ripple Receives Approval to Offer Services in Singapore

Recently, the Monetary Authority of Singapore (MAS) granted Ripple a Major Payments Institution (MPI) license, allowing the company to offer comprehensive payment services in the country. This comes after Ripple received an in-principle license to provide digital payment token services earlier this year. With this new license, Ripple can now extend its services to offer crypto payment solutions for financial institutions in Singapore, a country known for its forward-thinking approach to asset regulation. Ripple has been operating in Singapore since 2017 and considers it a pivotal location for its Asia-Pacific operations. Brad Garlinghouse, CEO of Ripple, emphasized the importance of

Mega XRP Transfer Sees Millions on the Move

7 months ago 1 min read

Whales transfer millions of XRP

An amount of XRP was swiftly moved, attracting the attention of the crypto community. According to Whale Alert, a crypto data tracking service, a total of 36.3 million XRP, equivalent to $18,775,470, was transferred from undisclosed whale wallets to Bithumb, one of South Korea’s prominent cryptocurrency exchanges. The movement of tokens to exchanges can serve various purposes, including selling, staking, or airdropping. However, the exact motive behind this large XRP transfer remains a mystery. Some speculators suggest it might be a profit-taking move. Notably, XRP has been gaining popularity among South Korean traders, to the extent that it has surpassed

7 months ago 1 min read

Ripple Abandons Plan to Acquire Fortress Trust But Retains Investment

In a surprising twist of events, Ripple has decided to back out of its intended acquisition of Fortress Trust, a chartered trust company based in Nevada. This decision comes just 20 days after Ripple initially announced its plans to acquire the company. Ripple’s CEO, Brad Garlinghouse, took to Twitter to share the news. He stated that Ripple had chosen not to proceed with the full acquisition but emphasized that the company would still maintain its investment in Fortress Trust. Ripple had initially expressed its intention to acquire Fortress Trust and use its payment technology for FortressPay. The relationship between Ripple