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

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

Elliptic, a blockchain analysis provider based in London, has announced that it will support the Ripple (XRP)trade 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…

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

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

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…

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

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

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…

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

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

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…

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

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

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…

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

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

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,…

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

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

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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Ripple Expands Presence in Europe with Acquisition of Iceland-Based Firm Algrim

Ripple Expands Presence in Europe with Acquisition of Iceland-Based Firm Algrim

The major crypto firm Ripple, the parent of the cryptocurrency Ripple (XRP)trade, is further expanding its services in Europe through an acquisition of the Icelandic crypto trading firm Algrim. Ripple, a pioneer in providing blockchain-based solutions for large-sized enterprises, has been acquiring and investing in blockchain firms through its investment and development arm Xpring. Ripple already has some heavy-weight banking and institutional clients which use Ripple’s blockchain for cross-border transactions that make it the only…

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Ripple Xpring Launches Developer Platform to Bring Money to the Internet

Ripple Xpring Launches Developer Platform to Bring Money to the Internet

New exciting development in the crypto world: the investment and partnership arm of Ripple, Xpring, has created a safe space to trade money faster and better. The platform, simply referred to as ‘Ripple’s Developer Platform,’ is designed to help developers easily create use cases for the cryptocurrency Ripple (XRP)trade – Ripple’s native crypto coin. Ethan Beard, Xpring senior Vice President, explains: “Xpring is designed to remove the pain of integrating money into apps – whether…

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Ripple Senior Executive: Facebook Libra Crypto Project Is a Walled Garden

Ripple Senior Executive: Facebook Libra Crypto Project Is a Walled Garden

In a recent CNBC interview, Ripple’s senior vice president of customer success Marcus Treacher has described Facebook’s Libra crypto project as a “walled garden,” meaning a closed system. He also added that in contrast with Facebook Libra, Ripple (XRP)trade is no walled garden; however, the social media giant’s entry into the crypto world is a really good thing for the domain. The term ‘walled garden’ had been used in past for companies like Apple and…

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