When crypto giant Ripple sent 100 million XRP to Jed McCaleb over the weekend, the transaction did more than just make the project’s long-departed co-founder $26 million richer. It also sent the so-called “XRP Army” into a tizzy. Why Ripple Is Paying XRP to a Rival Cryptocurrency’s Founder McCaleb, who had a messy breakup with Ripple back in 2014, later went on to help...
Investments in XRP has dwindled dramatically in 2019, indicating that not many are using the crypto-asset for its intended application: that of behaving as a bridge between fiat currencies for cross-border payments. The result is an underperforming token, now down more than 23 per cent against the US dollar. Investors have their reasons to keep a safe distance from XRP. The token is now a part of...
Ripple CEO Brad Garlinghouse has stated that the high level of scrutiny that Facebook has invited from regulators and policymakers with regards to the Libra cryptocurrency efforts is of the social media giant’s own making. Speaking on Bloomberg TV, Garlinghouse suggested that Facebook may have gone too far by stating in its white paper that it was going to create a ‘new currency’: I think there...
Ripple CEO, Brad Garlinghouse, and its executive chairman, Chris Larsen, posted an open letter to congress on Sunday asking authorities not to paint their company with a “broad brush”. The executive duo paid careful attention to emphasize that while bad actors exist in the cryptocurrency space, many are, in fact, doing their bit to stay compliant: “Many in the blockchain and digital currency...
Ripple CEO Brad Garlinghouse has taken the opportunity to plug XRP as a solution to the concerns raised by Treasury Secretary Steven Mnuchin. Speaking on Twitter, Garlinghouse said that he hopes regulators recognize that not all cryptocurrencies are cut from the same cloth in terms of their potential to facilitate crime and money laundering. Just watched @stevenmnuchin1’s press conference on...
By CCN Markets: Forbes caught a comment by Ripple CEO Brad Garlinghouse at the 2019 Brainstorm Finance Conference, sponsored by Fortune magazine. While pointing out that he thinks a variety of coins will thrive in the future, Garlinghouse admitted that he is long on bitcoin. “I don’t think that there will be one crypto to rule them all. I own bitcoin and am long bitcoin.” Thanks...
By CCN Markets: Ripple CEO Brad Garlinghouse said it would be a “record week” for Ripple at a conference this week. The cause? Facebook’s Libra cryptocurrency project, which has dominated headlines since its inception and reportedly isn’t ready for general use. P2P Doesn’t Scare Me Garlinghouse is reportedly confident that his target market – banks and financial institutions – will now take...
By CCN: People are feeling notably bullish about Ripple, or XRP, depending on what you’re talking about. The token price is earning bullish calls on Twitter. .50 cent and beyond incoming $xrp — Sir Gordon Gekko (@gordongekko369) June 2, 2019 Fifty cents would go a long way to making longtime XRP investors whole and earning handsome returns on long-held investments. It would also limit...
By CCN: Ripple is arguably the most divisive cryptocurrency. Earlier this year, the company surpassed a 200-customer milestone as financial institutions such as Transpaygo, WorldCom Finance, and Euro Exim Bank signed up for RippleNet. If Ripple was like any other cryptocurrency, enthusiasts would have celebrated this accomplishment. Except for the XRP Army, the company is not getting any love...
By CCN.com: Ripple’s XRP is having a disastrous start to 2019. In a year when bitcoin is storming back towards bull territory, XRP has crashed 16 percent. The third-largest cryptocurrency is now the worst-performing digital asset in the top ten. Ripple’s woes worsened in yesterday’s trading session as XRP’s value dropped 7 percent, plunging below the key $0.30 mark. XRP is consistently...
A group of us received an e-mail first thing this Sunday morning. A Ripple/XRP aficionado wanted to let us know we’re “very unprofessional” for interchangeably using the terms “Ripple” and “XRP.” The “XRP Army,” as it were, likely has its sights on CCN. We have no editorial policy regarding these terms in place. A writer is free to use whichever term makes their meaning clearer. Ripple fanatics...
In a Brad Garlinghouse vs. Jamie Dimon crypto showdown, the Ripple chief is not the least bit intimidated by his Wall Street rival. Ripple CEO Unloads on JPMorgan Cryptocurrency at DC Blockchain Summit Garlinghouse was featured as the keynote speaker at DC Blockchain Summit 2019, where he gave a fireside chat with Nasdaq’s Jill Malandrino. The elephant in the room, metaphorically speaking...
Three MIT students in their early 20s created a technology that could draft predictive responses to emails. In May 2018, they proceeded to raise funds for their startup – EasyEmail. Around the same time, Google held its annual conference in which it announced a feature similar to that of EasyEmail. The startup’s founder, Filip Twarowski, expressed his shock, fearing that competing...
By CCN.com: Heated debates are warming up the icy snow-capped city of Davos during this year’s World Economic Forum. BOE senior adviser yesterday said that cryptocurrencies were worthless. Today, BCG Digital Ventures founder Jeff Schumacher said Bitcoin price will fall to zero. Schumacher is a top investor and relative veteran in the space. He told an open-mouthed CNBC panel that he believed...
On January 9, CCN reported that 13 financial institutions have started to utilize the Ripple blockchain through RippleNet, bringing the total number of banks in the Ripple ecosystem to 200. Fintech applications and banks in the likes of Euro Exim Bank, SendFriend, and JNFX have integrated RippleNet for liquidity and instant settlement of payments that reportedly presents faster, more transparent...
Ripple CEO Brad Garlinghouse has stated that XRP is not only independent of Ripple, but the XRP ecosystem hosts Ripple as just one of a number of participants. He made the comments during an “Ask me anything” session as part of a Q4 2018 sit down with Ripple Senior VP, Marketing, Monica Long. The session tagged “Ask Me Anything with Brad and Monica” included a number of interesting...
RippleNet is expanding its network of banks by adding Malaysia’s CIMB Group to its fold. CIMB is the ASEAN’s fifth-largest bank and will team up with Ripple to work on enabling instant cross-border payments for CIMB’s markets. RippleNet’s customer base now constitutes over a hundred global financial institutions, which CIMB will be able to partner with, facilitating global payments. Despite being...
Commenting on the importance of regulation in the technology sector, Brad Garlinghouse, CEO of Ripple, said that introducing regulations will lead to blockchain and cryptocurrency adoption. Garlinghouse made these remarks while talking to the Deputy General Counsel, Ross Leckow, of the International Monetary Fund (IMF) at the Singapore Fintech Festival. The topic of their discussion revolved...
Ripple CEO Brad Garlinghouse went on Bloomberg TV for an interview about the usefulness of his company’s technology and told the interviewer that “any digital asset in the long-term is going to be valued based upon the problems it’s solving.” Garlinghouse: SWIFT’s Customers Think Blockchain Has Promise Ripple is widely believed to be solving the problems of large asset transfers across...
When Securities and Exchange Commission (SEC) Division of Corporation Finance Director William Hinman gave his opinion this summer that ether — the native asset of the Ethereum platform — was not a security under federal law, he listed among his justifications the fact that, although ether was originally distributed through a token sale, it has become substantially decentralized in...
Yet another securities fraud lawsuit has been filed against Ripple in California. In the latest suit, the lead plaintiff, David Oconer, is seeking to have the XRP cryptocurrency classified as a security. The case was filed in California’s Superior Court sitting in San Mateo County and has named Ripple Labs, its chief executive officer, Brad Garlinghouse, and XRP II LLC, a money service business...
Brad Garlinghouse, the billionaire CEO at Ripple Labs, the company that oversees the development of XRP, the $18 billion blockchain network, has said for the first time in public that Coinbase should integrate XRP, the native cryptocurrency of the Ripple network. CEO Says Ripple is Clearly Not a Security In an interview with Jeff John Roberts from Fortune at CB Insights Future of Fintech...
Adopting a market position that is contrary to the extreme libertarian origins of the cryptocurrency industry has made Ripple an enemy to certain communities who are fighting “holy wars” on the issue of defining crypto identity and market strategy. These were the words of Ripple CEO Brad Garlinghouse, speaking on Thursday June 21 at the CB Insights Future of Fintech 2018 conference in New York...
It might be an overstatement to say that Brad Garlinghouse has been on a bitcoin-bashing tour — he is, after all, a bitcoin investor himself — but it’s undeniable that the Ripple CEO has used the recent market downturn as an opportunity to throw shade at the flagship cryptocurrency. The latest jab came this week in Boston, where — speaking at the 2018 Stifel Cross Sector Insight...
Brad Garlinghouse of Ripple told CNBC on Tuesday that Bitcoin will not be the catch-all solution people are hoping for in terms of being a global currency. “I think it’s not going to be the panacea that people once thought it would be, where it would solve all of these different kinds of problems,” Garlinghouse said on the sidelines of Money20/20 Euorpe, which is being held this...
Blockchain pioneer and Ripple CEO, Brad Garlinghouse, believes the high correlation that historically exists between the bitcoin price and XRP could end. The catalyst for that divergence, he suggested to CNBC, is investors understanding the siloed use cases that each project has to offer. “There’s a very high correlation between the price of XRP and the price of bitcoin, but...
Ripple’s chief executive has some words of advice for issuers behind ICOs: don’t spend all of your funds in one place. Brad Garlinghouse, who is at the helm of the blockchain startup that’s behind the XRP token, admonished ICO companies to “save some of the proceeds” in the event they find themselves the target in a token-price fueled class-action...
There are few people who can generate the amount of excitement among the cryptocurrency community as Ripple chief Brad Garlinghouse. In front of a packed house at the Yahoo Finance All Markets Summit for Crypto in New York on Wednesday, Garlinghouse spoke with his former employer about his payments startup Ripple and XRP, the digital coin in which Ripple holds a 61% stake and which advanced a...
The recent ripple price surge has undoubtedly made many investors quite wealthy. On Thursday, the global average ripple price rose to an all-time high of $3.84, meaning that a hypothetical $1,000 investment made on Jan. 1, 2017, would now be worth more than $600,000. No one, however, has benefited more than Ripple co-founder Chris Larsen, who is currently the firm’s executive chairman and...
The value of the cryptocurrency ecosystem skyrocketed in 2017, with various cryptocurrencies surpassing 1,000% gains. Ripple’s XRP token, for example, was worth about $0,006 in the beginning of 2017 and is currently trading at $3.76. The 60,000% rise helped Ripple become the second-biggest cryptocurrency by market cap, and is now valued at over $140 billion. Behind the XRP token is San Francisco...
Several regulators around the world have issued guidelines focusing on ICOs with some prohibiting their operations; however, Ripple’s CEO believes governments are right to regulate them. Speaking to CNBC, Brad Garlinghouse, CEO of blockchain firm Ripple and the XRP token, said that while there are plenty of ICOs, he doesn’t believe that new digital currencies are ‘solving real problems.’ He...