Amid the growing concerns about relocating its corporate headquarters due to regulatory concerns, Ripple Labs has filed a new trademark PayString.
Ripple has so far purchased around $45 million worth of XRP with more assurance from the company executives that they may continue to purchase more to support a healthy market.
In Q3 2020, Ripple pulled in $35.84 million in total XRP sales. This is more than a $3 million increase over the $32.55 million made in Q2.
Cred unofficially indicated that it filed for bankruptcy protection “to maximize the value of its platform for its creditors”.
Ledger customers are now facing a significant increase in phishing attempts after a major leak of email and private information affected them in early 2020.
The driver of the crypto market known as uncertainty backed another popular altcoin’s growth. While the dollar index is falling drastically, global major commodities and fiat and cryptocurrencies traded against the US Dollar were able to close in green for the past week.
Ripple CTO said that the update would make it easier to find validators. Schwartz explained that performance is not the only criterion in the choosing process.
XRP has dropped approximately 17% while Bitcoin has rallied over 48% in the past twelve months.
In Q3 2020, MoneyGram continued to receive huge “market development fees” from its investors. Its major partner Ripple handed over $9.3 million over the period.
Ripple’s strong partner and Japanese financial giant SBI Holdings wants them to relocate to Japan as the blockchain startup faces major regulatory hurdles in the U.S.
In its latest update, Flare Finance announced that it will be launching six DeFi products as an all-in-one solution for investing. Thus, it will bring the higher utility of FLR tokens and XRP to the DeFi markets.
Bitcoin price has performed rather well during the pandemic in comparison to the Dow Jones that was down 0.80% year to date.
Ripple’s third annual report dubbed ‘Blockchain in Payments’ has shown encouraging growth of XRP digital asset adoption and the entire blockchain industry.
Ken’s idea to receive his salary on XRP over Japanese Yen will give him some added market advantage over time.
About 47.6% of the Ripple community members who participated in the poll said that they are ‘Extremely Likely’ to recommend the XRP coin to their family and friends.