|Day's Range||0.268 - 0.276|
|52 Week Range||0.2407 - 0.7830|
|Volume (24hr) All Currencies||297.57M|
Huobi was by far the most used exchange for withdrawals from the alleged cryptocurrency Ponzi scheme PlusToken, which has reportedly swindled over $2 billion from participants, according to new research.The post Users of alleged crypto scam PlusToken ‘heavily favored’ Huobi exchange for withdrawals appeared first on The Block.
Ripple is putting aside a massive 1 billion XRP tokens for content creators and artists willing to publish through Coil, a platform intended for content monetisation. The Ripple online content strategy is aiming to encourage XRP adoption in and outside the crypto market. Ripple’s grant is worth almost $260 million and comes from the company’s investment subsidiary Xpring. The funding is expected to improve Coil’s performance as the platform creators seek to increase its popularity with content creators. What is the Coil platform? Coil is a micropayments platform for content creators. The concept behind the project is simple: artists, journalists, writers, and other people who create content should be able to monetise their work without intermediaries. The platform aims toThe post How Ripple is funding online content appeared first on Coin Rivet.
Fidelity Charitable, the financial services giant’s charity unit, is now accepting XRP, the world’s third-largest cryptocurrency, for donations. Until now, the unit accepted only four cryptocurrencies - bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC), having launched the form of donation back in 2015, according to an announcement shared with The Block late […]The post Fidelity’s charity unit includes XRP to its list of accepted cryptos for donation; hits $100 million-mark appeared first on The Block.
Spanish banking giant Santander is preparing to launch a new remittance service in Latin America, using Ripple’s xCurrent solution, which does not use XRP cryptocurrency like its xRapid solution.The post Santander bank using Ripple’s xCurrent solution for upcoming remittance service in Latin America appeared first on The Block.
Ripple's investment subsidiary Xpring has granted 1 billion XRP to Coil, a micropayments platform for content creators, aiming to drive adoption of the world's third-largest cryptocurrency by market capitalization.The post Ripple grants 1 billion XRP to content platform Coil to boost adoption of the token appeared first on The Block.
A group of XRP investors has filed an amended complaint against Ripple, arguing that the company’s tokens are unregistered securities under Securities and Exchange Commission (SEC)’s guidance. The post XRP investors file new complaint against Ripple for issuing unregistered security under SEC guidance appeared first on The Block.
A large sell-off of XRP on cryptocurrency exchange Beaxy on Monday triggered the tokens to trade at a 62% discount on Beaxy compared to other exchanges. The post Crypto exchange Beaxy halts trading activity and withdrawals after "unusual high volume activity" appeared first on The Block.
The world's third-largest cryptocurrency, XRP, has been deemed to have "non-security attributes" by the UK's Financial Conduct Authority (FCA). According to a video released by Ripple on the topic of global regulation, the FCA's July consultation paper compares XRP to Ethereum. It states: “Tokens may have mixed features that may overlap with the above categories, or change over time. For example, Ether can be used as a means of ‘payment’ (exchange token) on the Ethereum platform, and can also be used to run applications (utility token). XRP has similar features.” The news will come as a boost to Ripple, with the company currently facing legal action in the US over its alleged sale of an "unregistered security". 0/ The RippleThe post Ripple's XRP deemed to have 'non-security attributes' by FCA appeared first on Coin Rivet.
Ripple CEO Brad Garlinghouse has revealed that "multiple deals" are in the pipeline following the success of the company's $30 million investment in MoneyGram in June. The MoneyGram stock price soared 168% following Ripple's investment, which included an option to purchase another $20 million worth of shares over the next two years. Speaking to Yahoo Finance on the prospect of upcoming deals, Garlinghouse said: “We’re in a very strong position - our business is growing strongly, we have a strong balance sheet, and I intend to press our advantage." He also confirmed that "multiple" potential deals and acquisitions were being worked on, but declined to comment on specifics as "deals are always very, very hard to predict". Excited to hearThe post Ripple on the verge of signing 'multiple deals' after $30m MoneyGram investment appeared first on Coin Rivet.
Ripple is looking to sign “multiple” investment and acquisition deals after its $30 million investment in money transfer giant MoneyGram. “We’re in a very strong position, our business is growing strongly, we have a strong balance sheet, and I intend to press our advantage,” Brad Garlinghouse, the CEO of Ripple, told Yahoo Finance UK on […]The post Ripple looks to invest in ‘multiple’ companies after MoneyGram appeared first on The Block.
South Korean cryptocurrency exchange Bithumb is reportedly entering the Singaporean market via a deal with local crypto platform BitHolic. News1 Korea reported the news on Thursday, saying that BitHolic changed its name to Bithumb Singapore this month.The post Crypto exchange Bithumb to debut in Singapore via local platform BitHolic appeared first on The Block.
Swissquote Bank, an online banking service, has reported 14.3% drop in net profit in the first half of this year, due to a “significant” year-on-year decline in cryptocurrency trading business, among other factors.The post Swissquote Bank's H1 net profit falls due to ‘significant’ decline in crypto trading business appeared first on The Block.
The Federal Reserve is "strongly considering" going ahead with the launch of a new payment system that would go head-to-head with a similar network run by Wall Street's biggest banks, according to a report by Politico.The post Fed 'strongly considering' launch of instant payments network to rival Wall Street appeared first on The Block.
MoneyGram CEO Alex Holmes touted the benefits of the company's commercial agreement with Ripple in the company's Q2 2019 earnings call, the first since the strategic partnership was announced.The post MoneyGram talks up Ripple partnership, goes live with XRP and xRapid, in Q2 earnings appeared first on The Block.
Brad Garlinghouse, CEO of Ripple, and Chris Larsen, co-founder and executive chairman of the firm, have jointly penned an open letter to the U.S.The post Ripple CEO writes open letter to Congress over regulatory uncertainty appeared first on The Block.
Ripple has cumulatively sold $1.14 billion of XRP out of which 36% was sold to the exchanges and 64% was sold to the institutions, according to The Block's research.The post Research: Ripple has sold a total of $1.1 billion of XRP, 36% to exchanges appeared first on The Block.
Japanese cryptocurrency exchange Bitpoint has announced today that it has been hacked, losing about 3.5 billion yen ($32 million) in cryptocurrencies, including XRP.The post Japanese crypto exchange Bitpoint hacked, lost $32 million appeared first on The Block.
The world’s largest cryptocurrency exchange Binance has today officially launched margin trading for “evolving cryptocurrency traders.” Margin trading is trading with borrowed money, which comes with higher profit potential and greater risk.The post Margin trading at Binance goes live appeared first on The Block.
The government of Singapore is planning to end goods and services tax (GST) (or value-added tax (VAT) as known in some countries) on cryptocurrencies that function or are intended to function as a medium of exchange. The post Singapore government proposes to exempt value-added tax on cryptocurrencies appeared first on The Block.
The U.S. Securities and Exchange Commission (SEC) is getting ever more serious about blockchain data. While many of the world's governments and politicians focus on Facebook's recently introduced Libra and data sharing among virtual asset providers, the SEC is seeking more data on public blockchains.The post SEC seeks blockchain data provider to monitor risk, improve compliance, and inform policy appeared first on The Block.
A year ago, Ripple’s ecosystem initiative Xpring has set out to build “the Internet of Value” and foster XPR adoption across the ecosystem.The post Ripple’s Xpring invests $500 million in more than 20 companies appeared first on The Block.
Bitcoin is soaring today, eying the $12,000 mark as worries escalate regarding the trade war between the United States and China. Yahoo Finance's Zack Guzman and Brian Cheung are joined by Carleton English, New York Post Hedge Fund Reporter, to discuss.
It's been a banner year for bitcoin, up 158% as it has very much decoupled from the rest of the cryptocurrencies, and more industries continue to build off the blockchain model. Diamond Standard has launched a blockchain-based token to back real diamonds.