A new product on the Ripple network would not only reduce the time required to avail capital loans but also improve transparency between the parties involved.
Ripple boss Brad Garlinghouse announced plans to take the company public ‘in 12 months’ at Davos 2020. With XRP prices dropping by around 46% last year, will Ripple IPO boost it’s token’s price this year?
In this crypto digest, we will take a look at some of the most important news from crypto exchanges that came out during last month.
A Puerto Rico-based company dubbed Bitcoin Manipulation Abatement LLC has filed this recent lawsuit accusing Ripple of misleading investors of financial gains making false claims and driving false demand. The plaintiff argues that XRP isn’t a currency.
In a controversial step, the Ripple co-founder sold an average of 1.8 million XRP tokens for each day of April 2020. Since McCaleb is the co-founder of Stellar, a direct competitor to Ripple, it has also created suspicion of his support to Ripple Labs.
On April 30, Ripple published the Q1 XRP Markets report to update the public on the company’s views on the state of the XRP market.
The cryptocurrency market has regained over 100% from the March 12 flash crash leaving the stock markets far behind after they gained 36%. The majority of coins are in the green now.
Ripple’s arm Xpring has brought another glory to the crypto ecosystem as it is classified among the top ideas changing the world to a better place. Meanwhile, XRP price is 8% up.
Ripple said that it had reached out to YouTube for several times making them aware of the “fake giveaways” done on their platform using the Ripple trademark. Now it accuses the Google-owned video streaming giant of not taking sufficient action.
It is expected that in the next 2 months, XRP price may increase by 30%. Today XRP is trading at $0.19, having lost 1.80% within 24 hours.
The 3rd largest crypto coin on the market today, XRP, has been added to Bitcasino.
Ripple’s XRP Ledger is all set to get new improvements and features in the upcoming updates scheduled ahead this week on Wednesday. These features will add additional support to the XRP protocol.
Ripple and XRP are in the spotlight once again after the news that the U.S. Navy is hiring a firm to create implantable microchips that would be compatible with Ripple’s blockchain.
XRP price has risen by around 8% within the last 24 hours. 211 million XRP has been recently transferred between several wallets with some anonymous and others identified to be owned by corporate investors.
Anchorage, Ripple XRP and big money story: per the official announce, custodian will support XRP. They have the XRP Ledgers set up and ready. The support sees light since April 2, 2020.