Posts in category

XRP


Distributed ledger startup Ripple has been named in yet another lawsuit tied to the XRp cryptocurrency, court records show. Investor Vladi Zakinov filed a class action lawsuit on Tuesday, naming Ripple Labs, XRP II – the company’s licensed money services business – CEO Brad Garlinghouse and 25 anonymous persons as defendants. The complaint was submitted to …

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Hackers who stole information on thousands of Canadian bank users have demanded $1 million-worth of the cryptocurrency XRP to not release the data trove. According to a CBC News report Tuesday, the two banks hit by the breach, Bank of Montreal and CIBC’s online bank Simplii Financial, have said that the personal information of a total of …

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Distributed ledger startup Ripple published the results of its xRapid pilot programs on Thursday, The report focused on the company’s offering centered around the cryptocurrency XRP, stating that pilot-takers saw significant savings on fees as well as overall transaction times. The company has announced a number of partnerships in recent months with companies piloting xRapid as well …

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An investor who claims they lost money buying and selling the cryptocurrency XRP has filed a class action lawsuit against distributed ledger startup Ripple, alleging that the company violated state and federal securities laws. Ryan Coffey, represented by San Diego attorney James Taylor-Copeland, filed the suit in the San Francisco County Superior Court on Thursday. …

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Ripple reported Wednesday that sales of its cryptocurrency XRP totaled $167.7 million in the first three months of 2018, an increase of 83% compared to the previous quarter and of 2,400% compared to the first quarter of 2017. According to a post on the firm’s site, direct sales of XRP totaled $16.6 million – a decline …

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Distributed ledger startup Ripple is hosting a VIP gathering featuring Snoop Dogg – and will be giving away 10 tickets to the event on Twitter. The company announced Tuesday that Snoop would perform at its XRP Community Night during Blockchain Week NYC in May. The event itself will celebrate the company’s work to date in …

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Ripple has invested $25 million worth of its XRP token in Blockchain Capital’s Parallel IV venture fund, the startup announced on Wednesday. The firm’s fund is the first to accept capital calls in cryptocurrency. “Blockchain Capital is the premier fund for any project looking to get off the ground in the blockchain space,” Patrick Griffin, …

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What is a “cryptocurrency?” Try as Webster dictionary may, a formal definition remains hard to pin down. While it’s unclear exactly when the word itself was coined, bitcoin, the world’s very first such cryptographically-backed asset, is probably the answer that most often springs to mind. Still, a vast array of very different technologies now carry and …

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It turns out, you can launch crypto tokens on Ripple’s XRP Ledger, and a small group of coders are seeking to be among the first to do it. Stepping back, that might seem strange on multiple levels. For one, there’s XRP Ledger’s association with Ripple, the San Francisco startup that has largely tried to distance itself …

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Thursday’s market developments highlight the continued crunch in the crypto markets, which has solidified in the months since many crypto-assets soared to all-time highs. Indeed, during the first week of January, the overall market capitalization of the cryptocurrency market exceeded $800 billion – as of today, that figure has dropped to roughly $275 billion, according …

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Digital payments startup Uphold announced Wednesday that it has added support for Ripple’s XRP cryptocurrency. XRP joins Uphold’s existing list of currencies and cryptocurrencies that can be bought or traded, with bitcoin, ethereum and bitcoin cash, among others, already on the menu. According to vice chairman J.P. Thieriot, the move follows a Twitter poll earlier this month that …

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Supporting new crypto assets may be a “top priority” for Coinbase, but any such additions to its order books might not be close on the horizon. According to Coinbase general manager Dan Romero, the San Francisco-based exchange wants to add several new cryptocurrencies in line with customer feedback, but it’s treading cautiously as U.S. regulators …

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Bitcoin futures may have been launched with tremendous fanfare – XRP futures, on the other hand, not so much. But in fact, U.K.-based startup Crypto Facilities has been operating a futures market for the world’s third-largest cryptocurrency, developed by blockchain startup Ripple Inc., for almost 18 months now. And while the company’s CEO Timo Schlaefer has been …

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Ripple Labs Inc., the company behind the Ripple settlement system, has lost its opportunity to hold the court hearing over a contested contract with its rival R3 in its home state, California, Bloomberg reported March 13. In September 2017, the R3 consortium filed a lawsuit in Delaware and New York against Ripple, claiming that the …

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Up, then down again. In times of volatility, it can seem like there really isn’t anything supporting public cryptocurrency networks. But that isn’t exactly the case. While they come in all shapes and sizes (so to speak), cryptocurrencies all use the same ingredients – peer-to-peer networking, private key cryptography and programming. XRP, perhaps the breakout …

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Social media giant Twitter appears to be cracking down on cryptocurrency scam accounts – but several members of the crypto Twitter community have been caught in the fray. Responding to a tweet by Cornell professor Emin Gün Sirer, Twitter CEO Jack Dorsey wrote that “we are on it.” Yet the statement drew some swift critiques …

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Ripple’s XRP token was the darling of the crypto markets 24 hours ago on rampant speculation that the cryptocurrency will finally take its spot on Coinbase’s exchanges. But it wasn’t to be. Prices popped to a 12-day high of $1.08 before Coinbase poured cold water on the enthusiasm, making it clear via Twitter that it …

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Brad Garlinghouse, CEO of Ripple — a US-based payment network and protocol company — spoke with Cointelegraph at the Blockchain Connect conference in San Francisco earlier this year about what problems Ripple can solve in the global marketplace, and the company’s approach to government regulation and traditional finance. Garlinghouse, a Harvard Business School graduate, previously …

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Coinbase said that it has “made no decision” about adding new cryptocurrency listings, including to its GDAX exchange service, amid rumors that the startup is gearing up to add Ripple’s XRP token. The speculation originated after it was revealed that Coinbase chief operating officer and president Asiff Hirji would appear alongside Ripple chief executive Brad …

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Ripple and the custom cryptocurrency it created, XRP, are having a moment. Winning the attention of new investors (so much so that XRP shot up over 1,000 percent earlier this year) as well as new clients (with announcements rolling out at a slow and steady clip), the enterprise blockchain startup has been the talk of …

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