Analysis
One founder says Ripple is pursuing a SoftBank-style acquisition strategy using XRP, but others question whether the comparison fits.
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Ripple News
Established in 2012 under the name OpenCoin, Ripple Labs is the software corporation responsible for creating the XRP (XRP) cryptocurrency and its accompanying distributed ledger technology (DLT), the XRP Ledger. In addition, the company has crafted a collection of payment protocols, such as RippleNet, which are designed to optimize cross-border transactions for financial entities. RippleNet serves as a counterpart to the traditional SWIFT system, aiming to revolutionize and accelerate international money transfers by leveraging blockchain technology.
Initially featuring distinct services (xCurrent for bank payments, xRapid for liquidity via XRP and xVia for API integration), RippleNet consolidated these offerings in 2019. This strategic unification aimed to broaden XRP’s application in fund transfers under a single, cohesive RippleNet banner. Ripple’s XRP Ledger is the open-source DLT that provides cryptographically secure, verifiable settlement of the XRP currency. The XRP Ledger is not part of Ripple’s suite of proprietary software products, as it is accessible and open to all.
In 2020, the United States Securities and Exchange Commission filed a lawsuit against Ripple and its executives, Brad Garlinghouse and Christian Larsen, which accused it of conducting unregistered securities offerings worth over $1.3 billion via XRP sales. However, in July 2023, Ripple secured a partial victory when U.S. District Judge Analisa Torres ruled that XRP sales on public exchanges did not constitute unregistered securities offerings.
- Markets News
XRP price jumps as traders react to Trump’s trade deal tease, whale accumulation, and a bullish technical breakout.
2082 - News
A March social media post announcing the president's plans for a strategic crypto reserve reportedly came from an employee of a lobbying firm tied to Ripple Labs.
29530 - Altcoin Watch
XRP price is down 3% on May 6, but a rebound above $2.27 could invalidate the bearish thesis and put it back on track toward the important $3 level.
841 - News
The grant to education nonprofits DonorsChoose and Teach For America is in Ripple USD and aims to support teachers, students and innovation in education.
31141 - Altcoin Watch
Strong spot market demand, supported by persistent accumulation from whales and a bullish technical pattern, favors an XRP price boom over $3.75.
10309 - Breaking news
Blockchain firm Ripple made a multibillion-dollar bid to acquire the USDC issuer, but the offer was rejected, according to Bloomberg.
10446 - Market Analysis
BNB price has shown resilience throughout all stages of the current bull market, but is it fundamentally stronger than its competitors?
1378 - How to
XRP futures let you speculate on the price of XRP without owning the token. Here’s how they work, who they’re for and how to start investing.
4280 - News
The futures contracts are regulated by the US CFTC and add to a growing list of crypto derivatives products available for retail and institutional investors.
8112 - News
HashKey Capital has launched Asia’s first XRP Tracker Fund with early investment from Ripple, aiming to convert it into an ETF.
4190 - News
The Ripple-owned Hidden Road is now a Financial Industry Regulatory Authority member, which expands its broker-dealer capabilities.
5468 - Video
As XRP outpaces most altcoins against Bitcoin, a new Cointelegraph video explores what is driving its price action and whether the momentum can last.
6068 - News
The case in the Second Circuit is still winding down despite both parties seemingly agreeing to drop the matter.
7529 - Newsletter
Elsewhere, an industry panel told Cointelegraph that the crypto bull market probably hasn't even started yet.
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