Ripple

The US Consumer Financial Protection Bureau (CFPB) was formed in 2011 after the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed. Its function is to protect consumers from deceptive market practices. It released a report regarding remittance transfers under the Electronic Fund Transfer Act. The government agency noted in the report that it has been monitoring the nascent developments in the remittance market, which includes the growth of cryptocurrency asset firms such as Ripple. The report shows that…

In recent times, the blockchain-based payment network Ripple said it was looking for an individual to occupy the position of a “Director of Product Management, Loans.” The company posted the job opening on its official website some time ago, with a description that shows its plan to introduce a new loan product to assist its users with working capital loans. “RippleNet traditionally served its customers with a cross border payment offering, however Ripple is expanding into loans.  This person will bring a…

A research paper was published on the website of Cornell University claiming that just 2 percent of all XRP transactions resulted in value transfers. The researchers noted that the majority of transactions on the XRP Ledger had zero value (that is, empty), which is a cryptocurrency version of spam. A software engineer and PhD student at Imperial College London was in charge of the published research which revealed the predominant spam on EOS and Tezos network traffic. Ripple responded to the research paper but…

More firms are now using Ripple and XRP to send money across borders. This information was revealed by Ripple's team on May 7, 2020. According to the team, BTC Markets added XRP to its exchange in 2018. Since then, the cryptocurrency asset has been able to bring more sustainable growth for the biggest exchange in Australia, being a source of liquidity for faster and cheaper cross-border payments. Towards the end of 2019, the exchange became a partner with Ripple and applied for…

The famous cryptocurrency company, Ripple, has achieved yet another thing. The exchange now belongs to the ISO 20022 standards body, which is working towards a new data standard for payments and data messaging between global financial institutions. According to the firm’s claims, it is the first cryptocurrency firm focused on distributed ledger technology (DLT) to become a member of the group. Among other members of the group are several global commercial and central banks, as well as payment processing entities such as…

When it comes to cryptocurrencies, Bitcoin is known for being the leading coin in terms of market capitalization and dominance. It is such that it is referred to as the benchmark cryptocurrency and market analysts use its performance to forecast the entire market direction. People in the cryptocurrency space hold different opinion regarding the performance of Bitcoin and altcoins. According to a trader and technical analyst known as TraderSZ, the performance of altcoins will be better than that of Bitcoin…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $254.6 billion. Bitcoin ends the week trading past $9,000 Ethereum increases by 13% to trade well over $200 XRP price breaks beyond the 0.20 barrier after a 12.5% boost COVID-19 is still out there, but governments are looking into easing restrictions in May Crypto Trends 27th of April - 03rd of May 2020: PERFORMANCE…

People have been criticizing Ripple for unlocking its token at the beginning of every month. Just as the month of May began two days ago, the company has unlocked another 1 billion XRP from its escrow wallet. As anticipated, in three tweets, Whale Alert reported that the firm has unlocked more tokens. The three tweets noted the transfer of Ripple 500,000,000 (107,272,434 USD), 400,000,000 (85,856,924 USD), 100,000,000 (21,551,122 USD) from Ripple Escrow wallet, respectively. This is a total transfer of 1 billion XRP…

ETH/USD Pair Price Analysis Over the previous few sessions, the ETH/USD pair has been performing within a wide range over $190. The pair tried severally to surge under the supports at $190 and $188, but could not make it happen. The pair was able to form the recent swing low close to $188 prior to regaining bullish momentum. It surged over $190 and the 100 hourly SMA. The buyers took the pair above the $195 barrier for a change in…