Ripple News - AllStocks Network

Ripple Summarizes 2019: Facebook Libra Surprise and RippleNet’s Record Growth

Posted on December 30, 2019December 30, 2019 by Rehan Yousaf

A new edition of ‘The Ripple Drop’ has been released and the Ripple team has come together to offer their insights on many of the happenings that defined the crypto calendar of 2019. To start with, the edition captured a discussion on the launch of Facebook Libra and the stunning growth of RippleNet in the year 2019. Sometime in the middle of 2019, the whitepaper of Libra was revealed for public readership around the world….

Ripple Raises $200 Million in a Bid to Accelerate XRP Adoption

Posted on December 24, 2019December 24, 2019 by Rehan Yousaf

Ripple, the company behind the XRP cryptocurrency, disclosed that it has raised $200 million in a Series C funding round that was led by Tetragon. Major participants included SBI Holdings and Route 66 Ventures. The funding represents an active effort on part of Ripple to enhance XRP adoption to broader audiences. The company is reportedly valued at $10 billion now. It rose to prominence in 2017 when XRP witnessed a massive growth in terms of…

Ripple Price Technical Analysis (Dec. 17): XRP Trends Down with Negative Momentum

Posted on December 17, 2019December 17, 2019 by Vinayak Thapar

When we observe the chart below we can see that Ripple (XRP)trade is trading at $0.1983. It has recently broken the the support level of $0.2053 and then another support level at $0.1981. The digital currency is in a clear downtrend and is seen to have found some base at $0.1916, which is also confirmed by the formation of a hammer pattern. The XRP price may fall further so it is suggested to stick to…

Crypto Analysis Firm Elliptic Discovers $400M of Illicit Ripple Transactions

Posted on November 21, 2019November 24, 2019 by Rehan Yousaf

Elliptic, a blockchain analysis provider based in London, has announced that it will support the XRP digital currency to monitor electronic transactions. According to a research conducted by Elliptic that was also released this week, an estimation of about $400 million of XRP tokens are tied to illegal transactions. The risk management system provider for digital currencies, Elliptic, has taken over screening XRP cryptocurrency transactions globally to observe any potentially illicit activities via the virtual…

Survey: More Crypto Owners Voted for Hillary Clinton than for Donald Trump

Posted on November 20, 2019November 20, 2019 by Rehan Yousaf

In a recent survey conducted by Clovr, more digital currency owners state that they voted for Hillary Clinton in the 2016 presidential elections than for Donald Trump. In general, 46.62% of the survey participants voted for Hillary Clinton in the elections. This percentage is not very distant from the actual percentage of people who actually voted for the candidate (48.18%), but the real surprise was centered around the people who voted for Donald Trump. In…

Optimism! Ripple CEO Predicts the Downfall of 99% of All Cryptocurrencies

Posted on November 7, 2019November 7, 2019 by Rehan Yousaf

In an interview with Bloomberg, the CEO of Ripple (XRP)trade Brad Garlinghouse expressed his opinion on the rapidly expanding sphere of digital currencies. Replying to a question posed by the host, Garlinghouse said that there are too many cryptocurrencies in the market right now. He noted that there are almost 3,000 digital assets that are being exchanged on a daily basis. According to Garlinghouse, a reason why there is a proliferation of digital assets in…

Ripple CEO: 50% XRP Transaction Boost Due to MoneyGram and Other Remittances

Posted on November 2, 2019November 2, 2019 by Julie Williams

Do virtual currencies really threaten existing digital payment systems and traditional financial institutions? Or can they co-exist and help to bolster both ecosystems? If you are familiar with the global crypto ecosystem, I am positive you must have heard of a rumor making rounds recently, suggesting that the recent spike in Ripple’s XRP prices is as a result of the pull by MoneyGram. People familiar with the matter believe the continued increase in Ripple (XRP)trade…

Ripple Price Technical Analysis (Oct. 31): Trading with Neutral Sentiments

Posted on October 31, 2019October 31, 2019 by Vinayak Thapar

When looking at the chart below, we can see that Ripple (XRP)trade is trading at $0.294. It can also be observed that the cryptocurrency price is still trading inside the channel and is expected to do so for some time. Therefore, it is suggested to do swing trading. The current resistance is at $0.3032 and support at $0.289. The digital currency is currently trading with neutral sentiments. Dow Theory According to the Dow Theory, the…

Ripple Scales Up Global Lobbying Efforts in Washington D.C.

Posted on October 24, 2019October 24, 2019 by Ravi Rd

Ripple to become the first big blockchain firm with a dedicated global regulatory office in Washington D.C. The blockchain firm announced the expansion of its global regulatory team as part of the efforts to educate lawmakers across the globe by uniting industry leaders with global policymakers. In addition to it, Ripple has also joined the Blockchain Association, a non-profit organization that promotes blockchain technology by empowering individuals and organizations to connect, communicate, and collaborate. Ripple,…

Bank of America Explores Ripple’s Blockchain Technology for its Banking System

Posted on October 21, 2019October 21, 2019 by Ravi Rd

American multinational investment bank and financial services company, Bank of America, has silently tested Ripple’s blockchain to incorporate distributed ledger technology (DLT) in its banking and other financial services. This might be the boldest step towards blockchain adoption as Bank of America is one of the largest and most distinguished banks in the United States. It seems that Bank of America wouldn’t stop here and go a bit further with blockchain deployment in their real-world…

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