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Investors Move Over 475.15 Million XRP In The Past 24 Hours, Ripple Locks A Total Of 1.2 Billion In The Escrow Wallet

2Nov

By OLAJIDE SAMUELNo Comments

XRP News

Investors Move Over 475.15 Million XRP In The Past 24 Hours, Ripple Locks A Total Of 1.2 Billion In The Escrow Wallet

In a recent tweet shared by Whale Alert, there has been a massive movement of XRP. The massive movement was traced to the unknown investors making the transfer to leading cryptocurrency exchanges. The transfer claimed over 475.15 million XRP, worth $218.57 million at the current exchange rate in the past 24 hours. Furthermore, the usual practice of Ripple blockchain’s transfer, where it will initiate a monthly transfer of 1 billion XRP tokens from escrow and later lock back 800 million was a little different this time. Ripple locked a total of 1.2 billion without allowing little for the maintenance of the operation on the Ripple system. Read Also: Binance Pay Adds Support For Shiba Inu And A Few Other Cryptos Investors Move Over 475.15 Million XRP In The Past 24 Hours Whale ...

InsurAce To Compensate 155 Investors With $12 Million For Their Loss In The Recent Terra Crash

The DeFi insurance company insurAce is giving out $12 million to 155 investors out of 178 as a compensatory fund to subsidize their loss as a result of the May Terra collapse. As stated in the post InsurAce plans to compensate 155 investors a sum of $12 million as a result of the crash of Terra and its token in May. Read Also: Ripple's Partner, Tranglo, Expands Its Payment Solution To The UAE Terra May Collapse It is worth noting that the crash was initiated following the de-pegged from USD and plunged below the 1:1 ratio which also result in the fall of its token from over $100 to almost zero. The crash was so disheartening to the Terra ecosystem and the whole crypto sphere as the collapse affected them and the crypto is just recovering from it. However, the Te...

Grayscale’s Offer Of Conversion To ETFs Has Been Refuted By SEC And Grayscale Go For Appeal

The long-awaited Grayscale's offer of the approval of the conversion of the GBTC to ETFs has been refuted by the SEC. Due to this, the grayscale has sued the US SEC.“ We're deeply dissatisfied by and don't agree with its decision, ” Grayscale Investments said in a statement posted on its website. The SEC also refuted Bitwise’s operation for a spot bitcoin ETF during the same period. Read Also: IOHK Submits An Offer To Hard Fork Cardano Testnet; Vasil Hark Fork Upgrade's Countdown Starts It happed on Wednesday in a ruling, the SEC denied Grayscale’s offer to list a spot bitcoin ETF on the NYSE Arca exchange. The proposed ETF failed to meet the standard designed to avert fraudulent and manipulative practices and to cover investors and public interest, as stated by the regulator.Graysc...