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XRP


XRP, the world’s third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday. At 00:01 UTC, just after Monday’s close, the cryptocurrency dropped to $0.27 cents for the first time since December 12, 2017, according to CoinDesk price data. XRP was last seen trading at $0.2705, marking roughly a 2.95 percent decline since …

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The price of XRP, the world’s third-largest cryptocurrency by market capitalization, fell to a new 2018 low on Wednesday. Data from Bitfinex shows the cryptocurrency dropped to $0.35 – seven cents from the previous yearly low of $0.42 in July. Indeed the current price stands at its lowest level since December 12, 2017, days before …

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Cryptocurrency services firm AlphaPoint is powering a new decentralized exchange, the company announced Monday. DCEX, a San Francisco-based marketplace, formally opened registration for its platform, though clients will not be able to begin trading for a few more weeks. The exchange notably uses XRP as its “base currency,” meaning many of its trading pairs are …

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Payments startup Ripple reported a sharp decline in XRP sales in the second quarter of 2018, when compared to the first three months of the year. The Q2 2018 XRP Markets Report, published Tuesday, explains that the company sold $75.53 million in XRP, compared to the previous quarter’s $167.7 million – marking a decrease of 54.96 …

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Ripple has a new senior vice president of business and corporate development. The San Francisco-based distributed ledger startup announced Wednesday the hire of Kahina Van Dyke, who most recently served as Facebook’s global director of financial services and payments partnerships. According to LinkedIn, Van Dyke is also a board director for Progressive Insurance and has …

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Distributed ledger startup Ripple is facing another class-action lawsuit tied to the legal classification of the XRP cryptocurrency. A lawsuit filed in the Superior Court of California (San Mateo County) claims that Ripple “created the XRP token and then used sales of the tokens in order to fund its operations and the development of the XRP …

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The price of XRP slid below $0.43 on Friday, hitting a new low for 2018. The world’s third-largest cryptocurrency by market capitalization fell to $0.424 at 13:00 UTC, surpassing the prior low of $0.438 seen just five days ago on the Bitfinex exchange. XRP has not recorded a daily close below $0.42 since December 12th, …

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“Let’s be clear: Ripple is different than XRP,” Brad Garlinghouse, CEO of distributed ledger startup Ripple, argued during CB Insights’ Future of Fintech conference on Thursday. Garlinghouse opened his talk by pushing back against arguments that the XRP token may be considered a security, given its close link to the San Francisco-based company. He also …

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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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