Ripple sent an open letter to the U.S. Congress intending to explain the differences between various blockchains and digital currencies. In the letteer the company stressed the willingness to cooperate with the authorities.
Recently, Brad Garlinghouse, the CEO of Ripple, has commented on Facebook’s new cryptocurrency – Libra, saying that because of it, the crypto industry might become subject to stricter regulations.
Amidst the current increase in the involvement of institutional corporations with cryptocurrency, Ripple reportedly sold out an excess of $250 million in XRP with about 40% of these sales been in favor of the institutional investors.
It has come to light that Bank of America has recently filed for a patent for a settlement DLT system citing the Ripple ledger. It is called “Real-time net settlement by distributed ledger system” according to Google Patents.
eToro’s research showed that 16% of people surveyed knew what Libra was, eclipsing awareness of Ethereum (12%) and other cryptos such as Litecoin and XRP which were found to be known by even fewer people.
Brad Garlinghouse, Ripple CEO joined Squawk Alley on CNBC to share his opinion on Facebook’s Libra coin and to explain why it can pose high risks for the world of finance.
Japanese licensed cryptocurrency exchange Bitpoint has become a new victim of hackers and lost $32 million in crypto assets in the recent attack.
When the demand level of $0.39 holds XRP price, it will bounce and move towards the previous high. Further increase in the Bears pressure may place the price at $0.35 in case the $0.39 level does not hold.
Singapore-based crypto exchange Bitrue announced having been hacked. As a result of the hacker attack, the company lost $5 million in XRP and ADA.
Further increase in the XRP price is highly envisaged should the Bulls gain more pressure and break up the $0.50 level. In case the supply level of $0.50 hold XRP price may continue the sideways movement.
SendFriend incorporates Ripple’s xRapid software to enable Filipinos in the US to cut costs while sending money back to the Philippines in seconds instead of days.
Ripple’s Garlinghouse told Fortune’s Brainstorm Finance conference that the entry of Facebook’s Libra into the crypto scene does not worry him since it is a boon for the general crypto market, and XRP in particular.
Western Union CEO is sure: digital currencies and the blockchain have great potential of acting as a processing system for payments, however, he claims that sending money with Ripple is 5-times more expensive than Western Union.
PricewaterhouseCoopers has announced the launch of a new tool for auditing cryptocurrency transaction data. The tool is a part of its Halo data auditing suite.
XRP price is on the rise of 1.74% and is above the key $0.4250 support area. The price is currently facing a strong resistance near $0.4400 and $0.4420 levels, but a popular trader is sure: XRP will rise 50x in its next bull run.