Friday, December 9

XRP News

XRP Holders Increases To Over 75,000 As A Sign of Support In The Ongoing Lawsuit Against SEC
XRP News

XRP Holders Increases To Over 75,000 As A Sign of Support In The Ongoing Lawsuit Against SEC

In the ongoing lawsuit between Ripple and SEC, it is worth noting that the number of the XRP holders increases from time to time as the attorney behind the XRP holder and amici status put it upon himself to get justice for XRP victims of the SEC lawsuit, and the process has continued to gain momentum. XRP Holders Increases To 75,000, The Lawsuit May Be In Favor Of Ripple Attorney John Deaton shared the new development in the number of the XRP holder on its Twitter handle, asking community members to engage with Deaton for the required information as he continues to work on behalf of 75K XRP holders. Read Also: Binance Adds Terra UST Classic (USTC) In The List Of Borrowable Assets On Binance Crypto Loa https://twitter.com/CryptoLawUS/status/1580234409034121223 Recall that ...
Charles Hoskinson Highlights Why XRP Is Not A Security, Blatantly Against SEC’s Point Of View
XRP News

Charles Hoskinson Highlights Why XRP Is Not A Security, Blatantly Against SEC’s Point Of View

It is worth noting that Cardano’s founder has gone on Twitter to re-construct his statement concerning Ripple in the ongoing lawsuits against SEC saying XRP is not a security and stating the reason to back it up. Recall that Charles Hoskinson once stated that the XRP community is trying to invent a grand conspiracy that some corruption occurred between the SEC and Ethereum (ETH). Read Also: The Total value Locked (TVL) On BabyDogeSwap Surpasses $18 Million Point Following his statement, there are a lot of hits from the community reacting to the displeasing statement concerning Ripple. Charles recently stated in a  long Twitter thread, the Cardano (ADA) founder noted that he has always had a double viewpoint on the Ripple-SEC case.  “Recently, the most surprising thing to me...
Investors Re-shuffle Over 70 Million XRP Between Bitstamp Exchange And Different Unknown Wallets As It Soars
XRP News

Investors Re-shuffle Over 70 Million XRP Between Bitstamp Exchange And Different Unknown Wallets As It Soars

Following the recent XRP rally, a massive movement of XRP tokens has been occurring as the whales re-shuffle the token between Bitstamp and different Wallets over the past 24 hours. Bitstamp Transfers Over 70 Million XRP Per Whale Alert, a whopping 70,339,320 million (70.33 million) XRP were re-shuffled between the Bitstamp cryptocurrency exchange and different unknown wallets over the past 24 hours. The total moved XRP token according to coingecko worth around $36.57 million at $0.52. Read Also: SHIB Super Store Introduces Another Way Of Burning SHIB, SHIB Burns Via Fiverr Transaction details: A whopping 25 million XRP tokens worth $12.88 million were moved from an unknown wallet to one of Ripple’s official On-Demand Liquidity (ODL) partners, Bitstamp.  https://twitt...
Gokhshtein Says “XRP [Is] Probably The Only Legitimate Asset [Doing] Well Today,” As It Spikes 70.2% Over The 30 Days, 8% In 24 hours
XRP News

Gokhshtein Says “XRP [Is] Probably The Only Legitimate Asset [Doing] Well Today,” As It Spikes 70.2% Over The 30 Days, 8% In 24 hours

The recent rally of Ripple token is an indication of positive news in favor of Ripple in  the ongoing lawsuits against SEC as the XRP token confidently regained its stance in the crypto industry as it spikes repeatedly. Precisely, Ripple has been showing a strong gain following the summary judgment motions which were filed publicly in the past few weeks. It is worth noting that the token has really been tasty for the investors over the time, this has lead to the massive purchase having the victory in view for the ongoing lawsuits. Read Also: Terra Rebel Says There Is No Agreement Between LUNC And The SuperLitho: Detail XRP Spikes 70.2% Over The Past 30 Days, 8% In 24 Hours Per the data form Coingecko, XRP has been up 70.2% in the past 30 days, which reflects investors’ conf...
The Ripple’s Usual Monthly Unlock Of 1 Billion XRP Tokens Did Not Happen In October, Could It Be That The Total 55 Billion XRP Locked Has Been Unlocked?
XRP News

The Ripple’s Usual Monthly Unlock Of 1 Billion XRP Tokens Did Not Happen In October, Could It Be That The Total 55 Billion XRP Locked Has Been Unlocked?

It seems that Ripple has ended the scheduled unlock of the large volume of XRP tokens from the escrow wallet. In this premise, October stands for the period for change of operational pattern concerning the massive release of a billion XRP tokens. Unlock XRP Tokens From Escrow Wallet From every indication, Ripple which locked 55 billion XRP into a series of cryptographically-secured escrow accounts in 2017 may have ended the release of the massive volume of XRP. Recall that in 2012, three developers such as David Schwartz, Jed McCaleb, and Arthur Ritto, the co-founders of the XRP Ledger (XRPL) and XRP (previously called ripples) donated almost 80% of XRP’s total supply which summed to 80 billion XRP after the release of the permissionless, fast and decentralized XRPL. However, the...
The Number Of XRP Wallets Is Now Over Four Million
XRP News

The Number Of XRP Wallets Is Now Over Four Million

Per the data from the XRP validator Rich-List.Info, the number of XRP wallets has passed the 4 million level as it is currently calming at 4,311,415 (4.31M). The new development was recently released on the Rich-List.Info website, saying that the amount of XRP wallets now surpassed four million. Read Also: LUNC Community To Remove And Secure Stablecoin Market Terra Swap The number of XRP wallets has passed the 4 million level The Reason For Spike In XRP Wallets The sudden development was attributed to the fact that the case between Ripple and SEC is coming to a close. Recall that both parties recently filed their motions for summary judgment, with XRP holders expecting a victory for the blockchain company. There has been quite a number of support for Ripple blockchain ...
Flare Network Discloses That It Had Launched Its Validator Code, It Finally Confirms The Timelines For XRP Distribution For Its Holders
XRP News

Flare Network Discloses That It Had Launched Its Validator Code, It Finally Confirms The Timelines For XRP Distribution For Its Holders

In the recent tweet released today by the Flare Network, the network disclosed that it had launched its validator code in the course of revealing the tentative timeline for token distribution for XRP holders in its announcement. https://twitter.com/FlareNetworks/status/1575735265670430720 Flare Validator Code Is Now Live Per Flare Network; “The Flare Network validator code is now live and publicly available,” The network attests that the token dissemination timeline is slated to hold between 24th October and 6th November although, it is a function of the number of validators the network can attract. Read Also: LUNC Token Starts Gaining Relevance In The Sight Of Popular Crypto Trader, David Gokhshtein Per the post, “Provided sufficient validators have taken up their rol...
Over 395 Million XRP Was Transferred By Whales Between Exchanges Following The XRP Rallying
XRP News

Over 395 Million XRP Was Transferred By Whales Between Exchanges Following The XRP Rallying

Per Whale Alert, XRP Whales have been moving a massive amount of XRP lately following its recent rally. Over the 24 hours, Whale Alert noted that the high net worth XRP investors have moved a combined 395,223,746 (395.2million) XRP worth $197.61 million, having the largest transfer to be 132 million XRP, valued at around $61.93 million at the time of the transaction, were sent from one unknown wallet to another in the past 24 hours. Read Also: A Prominent YouTuber, Ben Amstrong Pinpoints That XRP Rallying May Be A Clear Indication That SEC Will Give Up Trying To Prove XRP Is A Security Details Of The XRP Whales' Transaction  According to the data from whale alert, a total of 132 million XRP worth almost $61.93 million at the time of the transaction were moved from one un...
Over 581 Million XRP Were Reshuffled By Ripple’s Whales.
XRP News

Over 581 Million XRP Were Reshuffled By Ripple’s Whales.

Another XRP reshuffled was initiated between the exchanges and the unknown wallet. According to the Whale Alert, 581,357,954 (581.35 million) XRP were reshuffled by Ripple whales of which 50 million XRP worth approximately $18.74 million was transferred from Ripple to an unknown wallet three hours ago. Read Also: Over 466 Million LUNC Were Burnt By MEXC Global As It Concluded Its Burning Event For Spot Trading Of LUNC Pairs https://twitter.com/whale_alert/status/1572071876180037633 As captured by the Whale Alert, a total of 35 million XRP (appr. $13.26 million) from an address on the Bittrex exchange to an unknown wallet.Another whopping 39,724,954 worth around $15.2 million were transferred from Bitstamp ( Ripple’s ODL Partner)  to an unknown address. Read Also: Sir Jo...
An Unknown Whale Purchase A Total Of $500 Million Worth Of XRP, XRP Spikes From Its 48-Hour Low To $0.37 At 6% Increase
XRP News

An Unknown Whale Purchase A Total Of $500 Million Worth Of XRP, XRP Spikes From Its 48-Hour Low To $0.37 At 6% Increase

Following the massive accumulation of the XRP, its price action spiked by almost 6%. An unknown whale amassed a total of $500 million worth of XRP on the 16th of September, 2022. The development was shared by CryptoVinco, a cryptocurrency data provider that covers market updates about top cryptos, especially Ripple.  Read Also: LUNC Community Asks Central Exchanges To Implement Tax Burn Proposal On Off-Chain Activities Via New Proposal https://twitter.com/CryptoVinco/status/1571007153556819968 After the fat purchase, Ripple’s XRP spiked from a 48-hour low of $0.324 to $0.37 at an almost 6% increase as stated by Coingecko. Per CryptoVinco, XRP appears to be decoupling from the entire crypto market, as the asset’s price is up while others continue to decline.  Re...