Ripple Launching New Loans Platform – Is Crypto Asset XRP Involved?

Ripple says it’s bringing a new product to market that’s centered on working capital lending. In a new job listing, the San Francisco startup says it is looking for a director of product management to spearhead the platform. “This person will bring a new loan product to market from concept to launch for RippleNet customers. This person will bring strong leadership skills as they will need to collaborate heavily with cross-functional internal teams and the financial ecosystem of partners and customers.”ADVERTISEMENT While many crypto companies have launched platforms that allow users to…

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Big Change Hits XRP Ledger As Ripple Proposal Allowing Crypto Holders to Delete Their Accounts Passes

A proposal from the San Francisco startup Ripple that allows users to delete their accounts just passed. The proposal went live on the XRP Ledger on Friday after receiving support from 80% of the Ripple-approved validators that power the network. The idea was first introduced by Ripple software engineer Nik Bougalis and is popular among crypto enthusiasts looking for a way to retrieve small amounts of XRP that until now has remained locked in their accounts. Before the change, users had no way to completely drain an account because a minimum of…

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XRP Gains 36 Percent as Ripple Sees Rise in Active Addresses

Data analytics firm Santiment posted this week about the steady increase in wallet addresses for Ripple. The insight proves bullish for the firm’s native token, which has risen 36 percent since March 2020. Rushing into Ripple XRP’s performance throughout most of 2019 left investors disappointed. The cryptocurrency hovered in the $0.18-$0.33 range (per token) despite numerous projects, partnerships, and products launched by parent firm Ripple Labs.  But 2020 is proving better for the payments-centric digital asset. Along with Bitcoin, XRP saw a drop only in March 2020 but gave investors…

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Women Becoming Stronger Players in the Crypto Market

The Cryptoverse aims to change (or replace) the traditional financial sector, but at the same time it suffers from the same problem – both sectors are heavily dominated by men. But it seems that it is already changing as new data shows that more women are getting interested in this nascent industry. The largest crypto market data provider CoinMarketCap (CMC), owned by Binance, has just announced that it has seen over 40% growth of female users in just the first three months of 2020. Their report states that a consistent increase in a number of…

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XRP Might Get Neighbours on XPR Ledger + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news Ripple, an American blockchain company focusing on payments technologies, is working on new features that will expand the XRP Ledger’s functionality and allow third-party users to add new cryptoassets into the XRP ecosystem. CTO David Schwartz said in a video that these features could be used to launch stablecoins on the ledger, but also all assets pegged to some external value. Moody’s Investors Service has welcomed the news that…

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Ripple Says Microsoft, BitGo and Bitso Powering XRP Ledger, Updates Total Cryptocurrency Holdings

Ripple has updated key stats on the amount of XRP it holds as well as which companies are helping to power the network. As of February 9th, 2020, the San Francisco payments company says it has 49,700,000,013 XRP worth about $13.8 billion left in its cryptographically secured escrow accounts. The company placed 55,000,000,000 XRP in escrow back in late 2017, executing a monthly schedule that releases 1 billion XRP and makes the funds available for the company to sell. Ripple says the escrow process is designed to give investors a…

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Liquidated Traders are Furious as XRP Crashes 56% on Bitmex

Entire accounts were wiped out as XRP/USD on Bitmex tanked. Bitmex is not compensating traders whose stops were not executed. Entire accounts were wiped out as XRP/USD on the Bitmex exchange tanked. Bitmex is not compensating traders whose stops were not executed. The Crypto Twitter community chimes in on the shocking development. Bitmex is once again grabbing headlines for all the wrong reasons. One of its newest products, the XRP/USD Perpetual Quanto Swap Contract, lost more than half of its value in a blink of an eye. The asset nosedived from…

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Analyst: 680-Day Bear Trend For XRP is Over, Making An Epic Rally Likely

XRP, the native crypto token of the Ripple protocol, was one of the worst-performing altcoins of the last year due to a powerful bear trend the asset just couldn’t break free from. But that 680-day bear trend was just broken, suggesting that a ripple-effect could trigger an epic recovery rally in XRP in the days ahead. XRP Breaks Out of 680-Day Bear Trend, Claims 200-Day EMA Few altcoins have suffered as badly as XRP. After an over 90% drawdown from all-time high prices, the cryptocurrency was stuck in a long, arduous…

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German Banks Requesting to Custody Bitcoin, Ethereum and XRP: Report

Government officials in Germany confirm that several banks have filed a request to launch a digital asset custody business. BaFin, the nation’s financial regulator, says it has received over 40 applications from parties interested in offering cryptocurrency custody services, reports news outlet Handelsblatt. Germany’s updated Money Laundering Act permits banks and other local financial institutions to provide and manage traditional securities, including stocks and bonds, along with digital assets, including Bitcoin (BTC), Ether (ETH), and XRP. Digital currencies have become increasingly popular during the past few years. As the market…

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