#XRP

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SBI Group Enables XRP Lending Via SBI VC Trade

Crypto News Point

Feb 6, 2021
2 min

SBI Group Enables XRP Lending Via SBI VC Trade

SBI Group, the Japanese financial services firm, has enabled XRP lending through its cryptocurrency-related subsidiary, SBI VC Trade. It has been reported that SBI VC Trade Lending users can now earn interest by depositing their XRP holdings between 1,000 and 100,000 XRP, with the lending period lasting up to 84 days. SBI stated: “VC Trade Lending is a service that allows customers to rent out their crypto assets to the company and receive interest rewards according to the qu

Revolut Issues Strong Warning To Its Customers Regarding Buying And Selling XRP

Crypto News Point

Jan 6, 2021
2 min

Revolut Issues Strong Warning To Its Customers Regarding Buying And Selling XRP

Revolut, a crypto-friendly trading app, has issued a strong warning to its customers regarding buying and selling XRP. It has been reported by The Irish Times that the fintech firm recently sent out a notice to its customers by saying that it was still possible for the firm to delist or restrict trading on XRP with little or no notice. However, Revolut warned users that their funds could effectively be stuck without the means to sell tokens even if the price falls to zero “in

Litecoin And XRP Briefly Traded Places In Market Capitalization Rankings Over The Weekend

Crypto News Point

Jan 6, 2021
1 min

Litecoin And XRP Briefly Traded Places In Market Capitalization Rankings Over The Weekend

Litecoin (LTC) and XRP briefly traded places in market capitalization rankings over the weekend by highlighting the impact of the recent lawsuit against Ripple filed by the United States Securities and Exchange Commission (SEC). It has been reported that the so-called “flippening” happened early Sunday when Litecoin’s market cap hit $9.95 billion after a more than 12% surge in price. However, XRP had declined in excess of 25% over a 24-hour trading period. LITECOIN JUST FLIPP

XRP Investors Files With A Rhode Island Court To Change The Course Of The SEC’s Case Against R

Crypto News Point

Jan 5, 2021
2 min

XRP Investors Files With A Rhode Island Court To Change The Course Of The SEC’s Case Against R

XRP investors have filed with a Rhode Island court to change the course of the Securities and Exchange Commission‘s (SEC) case against Ripple. It has been reported that the filers are calling upon new Acting Chairman Elad Roisman to alter the course that his predecessor, Jay Clayton, set by beginning enforcement against Ripple just before his departure. However, in response to what it calls “the most significant SEC enforcement action in modern history,” the Friday filing is

Ripple CEO Brad Garlinghouse Responds To The Latest SEC Regulatory Complaint Against XRP

Crypto News Point

Dec 24, 2020
2 min

Ripple CEO Brad Garlinghouse Responds To The Latest SEC Regulatory Complaint Against XRP

Brad Garlinghouse, the CEO of Ripple, has responded to the latest United States Securities and Exchange Commission (SEC) regulatory complaint against XRP by assuring shareholders that the company will prove their case in court. It has been reported that Garlinghouse argued that the legal action against the XRP, which is an “assault on crypto at large.” However, he is confident that the regulatory action will have a “snowball effect” on the industry as a whole, potentially aff

Super Smash Bros Player Kengo “Ken” Suzuki To Receive His Salary In XRP

Crypto News Point

Oct 16, 2020
2 min

Super Smash Bros Player Kengo “Ken” Suzuki To Receive His Salary In XRP

Kengo “Ken” Suzuki, a professional player of crossover action fighting game Super Smash Bros. Ultimate (SSBU), has signed a contract with SBI e-Sports, the gaming arm of Japanese financial giant SBI Holdings, to receive his salary in major cryptocurrency XRP. It has been reported that Ken will now be part of SBI e-Sports’ newly established SSBU division. The player will receive his annual salary in XRP instead of Japanese yen “based on wishes of the player and the sponsorship

XRP Ledger Foundation Announces Its Official Launch To Support And Accelerate Its Adoption

Crypto News Point

Sep 28, 2020
2 min

XRP Ledger Foundation Announces Its Official Launch To Support And Accelerate Its Adoption

The XRP Ledger Foundation, a non-profit, announced its official launch on to support the development and accelerates its adoption across the globe. Today we launched the XRP Foundation, an independent non-profit, focusing on the growth, innovation, and development of the XRPL and XRP community. With support of industry leaders, academics, and community members, we can ensure XRPL is well-positioned for the future (1/3) — XRP Ledger Foundation (Official) (@XRPLF) September 24

Crypto News Point

Aug 4, 2020
1 min

XRP Markets Report Shows RippleNet’s On-Demand Liquidity Network Experienced 11x Growth Compared To

The XRP Markets Report shows RippleNet’s On-Demand Liquidity network experienced 11x growth compared to 2019, while XRP sales surged in Q2. On August 3, it has been reported that sales of the firm’s XRP token were 18.6 times higher in Q2 2020 compared to Q1. The crypto firm stated XRP sales were $32.55 million from April to June this year, up from $1.75 million in the first quarter. However, the company has been criticized for propping up its balance sheet with XRP sales. Rip

Coil Creators Can Now Use Uphold Wallets, Receiving Payments Over 50 Currencies

Crypto News Point

May 20, 2020
2 min

Coil Creators Can Now Use Uphold Wallets, Receiving Payments Over 50 Currencies

Digital payment platform Uphold has announced a partnership allowing Coil creators to be able to select the platform as their wallet provider to receive payments in over 50 currencies. Coil provides alternative methods for content producers to monetize their work online. Uphold is now an official wallet provider for @Coil. Our @Interledger integration means #CoilCreators can connect their #Uphold account, earn real-time payments for great content and easily access 50+ #crypto

SBI Holdings Plans To Integrate Ripple-Powered Settlements Across ATMs In Japan

Crypto News Point

May 19, 2020
1 min

SBI Holdings Plans To Integrate Ripple-Powered Settlements Across ATMs In Japan

SBI Holdings announced plans to integrate Ripple-powered settlements across ATMs in Japan. SBI’s latest financial report announced on a plan to integrate the Ripple-powered settlements platform MoneyTap with ATMs run by various banks across Japan. The integration is intended to provide consumers with easier access to funds at ATMs regardless of their banking affiliation. Integrating MoneyTap will also allow banks to reduce the costs incurred through operating ATMs. SBI furthe

World’s First Digital Asset Bank Sygnum Adds Ripple’s XRP Tokens On Its Banking Platform

Crypto News Point

May 1, 2020
2 min

World’s First Digital Asset Bank Sygnum Adds Ripple’s XRP Tokens On Its Banking Platform

Sygnum Bank, the world’s first digital asset bank announced that Ripple’s XRP tokens are now available through its banking services platform. On April 30 Sygnum Bank announced that users can access deposit, exchange, and credit services using the popular digital currency. The bank will now allow the third most capitalized digital token behind Bitcoin (BTC) and Ethereum (ETH) to be used by clients seeking to diversify their direct investments in digital tokens, in conjunction

Ripple Files Lawsuit Against Youtube To Protect Consumers From XRP Scammers

Crypto News Point

Apr 22, 2020
2 min

Ripple Files Lawsuit Against Youtube To Protect Consumers From XRP Scammers

Ripple Labs filed a lawsuit against Youtube LLC on April 21. The case seeks damages for Youtube’s failure to stop XRP (XRP) scammers and impersonators and to protect consumers around the world from dangerous online giveaway scams and false impersonations across YouTube, Twitter, Facebook and more. CEO of Ripple, Brad Garlinghouse added: Today, @Ripple and I personally are taking legal action against @YouTube because their platform is the epicenter for imposter scams, and they

Fraudulent Google Chrome Extension Stole As Much 1.4 Million XRP From Users This Month

Crypto News Point

Mar 26, 2020
2 min

Fraudulent Google Chrome Extension Stole As Much 1.4 Million XRP From Users This Month

A fraudulent Google Chrome extension has allegedly stolen as much 1.4 million XRP from users this month alone. Fake Ledger Live Chrome Extension Stole 1.4M XRP, Researchers Claim https://t.co/TznMXKZwej pic.twitter.com/sTCWKw07s9 — Crypto XEGA – كريبتو زيجا (@CryptoXega) March 25, 2020 On March 24, it has been reported that the research team “xrplorer forensics” claimed that fake Ledger Live extensions are being used to collect user backup passphrases: “They are advertised i

Ripple’s New Feature Would Allow Minting Stablecoins On XRP Ledger

Crypto News Point

Mar 2, 2020
1 min

Ripple’s New Feature Would Allow Minting Stablecoins On XRP Ledger

RippleNet soon they may be able to take advantage of a feature on the network which would allow them to mint asset-backed tokens like stablecoins on the XRP ledger. According to a video released by Ripple last month, Chief Technology Officer (CTO) David Schwartz said he was working on adding new features to the company’s crypto ledger. In addition to “core consensus improvements,” the CTO stood by past statements in not further developing one of the more common features of bl

MoneyGram Secures Over $11 Million From Ripple Labs

Crypto News Point

Feb 26, 2020
1 min

MoneyGram Secures Over $11 Million From Ripple Labs

Money transmission network MoneyGram has gained over $11 million from the blockchain-based payments firm Ripple Labs. In a press release by MoneyGram, the company stated it had received funds from Ripple divided over two quarters: In the fourth quarter, $8.9 million, and $2.4 million In the third, totaling $11.3 million Its revenue for Q4 was reported to be $323.7 million. “MoneyGram continued to expand its strategic partnership with Ripple as the first money transfer company

Ben Askren Says ‘I think XRP is a scam’

Crypto News Point

Jan 31, 2020
2 min

Ben Askren Says ‘I think XRP is a scam’

Ben Askren, the former UFC fighter and known Bitcoin (BTC) bull, has driven more skepticism toward XRP, the world’s third-biggest crypto asset, with a short tweet on January 28 as “I think XRP is a scam.” I think XRP is a scam https://t.co/ye3E53dM3E — Ben Askren (@Benaskren) January 28, 2020 It has been reported that Askren’s latest cryptocurrency verdict builds on a background of previous endorsements of other cryptocurrencies. The famous former Olympic wrestler is not onl

Bitcoin Breaches $7,400 While Top 20 Coins Sees Gain

Crypto News Point

Dec 23, 2019
1 min

Bitcoin Breaches $7,400 While Top 20 Coins Sees Gain

Bitcoin (BTC) has breached the $7,400 mark while the top 20 cryptocurrencies see gain. Tezos (XTZ) is the only cryptocurrency among the top-20 currently seeing losses. Bitcoin 7-day price chart. Source: Coin360 As of the publication time, Bitcoin is currently up by 3.36% on the day- trading at around $7,422 at press time. Compared to it weekly, BTC is up by about 4.1%. ETH Update Ether (ETH) is the largest altcoin by market cap currently standing at $14.4 billion. As of publi

Ripple Raises $200M With 2019 Being The Strongest Year Of Growth

Crypto News Point

Dec 22, 2019
1 min

Ripple Raises $200M With 2019 Being The Strongest Year Of Growth

Ripple, the blockchain payments firm behind XRP altcoin has raised $200 million in a new funding round. On Dec. 20 the firm announced on the funding deal. It was led by closed-ended investment company Tetragon. The new Series C funding round was also joined by Ripple’s major Japanese partner SBI Holdings and venture capital firm Route 66 Ventures. Ripple Continues To Gain Momentum The funding will reportedly help Ripple to continue improving its global payments network and th

Ripple Completes Its Original Commitment With A Final $20 Million Investment In MoneyGram

Crypto News Point

Nov 26, 2019
2 min

Ripple Completes Its Original Commitment With A Final $20 Million Investment In MoneyGram

MoneyGram, the major money transmission network, has announced that Ripple, a blockchain-based payments firm, has completed its original commitment with a final $20 million investment. Ripple and MoneyGram entered into a two-year strategic partnership to collaborate in cross-border payments and international exchange settlements with virt…Read more: https://t.co/45G7XlXZFE — webnow (@webnowcompany) November 26, 2019 On November 25, it has been announced by MoneyGram that Rip

Grayscale To Launch Diversified Large Cap Fund for Public Trading

Crypto News Point

Nov 25, 2019
1 min

Grayscale To Launch Diversified Large Cap Fund for Public Trading

Grayscale Investments, the US-based digital asset management is soon launching its diversified cryptocurrency investment product for public trading. On Nov. 22, the firm announced that trading will soon be available on the over-the-counter (OTC) share trading marketplace OTCQX Best Market. Products Include 5 Major Cryptos Including BTC ETH Dubbed as Grayscale Digital Large Cap Fund (DLC), the product includes five major cryptos including Bitcoin and Ether. DLC is an open-ende

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