Tag: xrp

Elliptic Finds Only $400 Million in XRP Transactions Are Illicit

  • Illicit activity includes a variety of Ponzi schemes and darknet activities, but only represents 0.2% of all transactions.
  • Elliptic started analyzing XRP transactions over a year ago and identified several hundred accounts with illegal activity.

Binance DEX Now Offers an XRP-Pegged Token for Trading

  • The new XRP-BF2 token was issued with the aim of increasing the interoperability between different digital assets.
  • 10 million tokens of the XRP variant were issued, all of them backed 1:1 by native XRP, which is stored in a public wallet that can be monitored by anyone.

Ripple Has Sold Over $250 Million in XRP in Q2 of 2019

  • Ripple's new quarterly market report has revealed a 48% quarterly increase in XRP sold.
  • The report also shows that the company released 3 billion out of its escrow, but reinvested 2.1 billion back in new escrow contracts.

Japanese Exchange Bitpoint Suspends Services After a Hack

  • 3.5 billion yen worth of cryptocurrencies were stolen, 2.5 of them belonged to customers.
  • The hot wallet that was drained was holding BTC, BCH, XRP, ETH and LTC.

Ripple Incubator Xpring has Invested $500 Million in XRP Projects in a Year

  • Ripple's incubator and investment arm Xpring has invested $500 million in over 20 XRP projects and companies since its creation last year.
  • The Xpring team is also designing a development platform that offers resources such as libraries, tools, and services for developers.

Coinfirm Partners with Ripple to Investigate XRP’s Compliance With AML Provisions

  • The new partnership will see Coinfirm investigate how the XRP cryptocurrency is being used, and rate their risk level for AML compliance reasons.
  • Coinfirm will also try to identify if a transaction has passed through a "mixer", and if the funds are coming from a known theft or hack.

Another Crypto Exchange Hacked, This Time for $4.2 Million

  • Bitrue has been transparent about the situation, calming users that their funds will be restored.
  • $4.2 million worth of XRP and ADA were stolen, authorities have been notified and are trying to identify the perpetrator.

Ripple Will Invest $50 Million in MoneyGram International

  • Payment Network Ripple Will Invest $50 Million in MoneyGram.
  • The current contract comes as a sequel to their 2018 mutual work.
  • The contract allows MoneyGram to use XRP and xRapid.

Nasdaq to Add Brave New Coin’s XRP Liquidity Index on May 1

  • The new index, called XRP Liquid Index (or XRPLX), will offer a reference rate for the price of XRP in USD.
  • Earlier this year, in partnership with BNC, Nasdaq added indices for Bitcoin and Ethereum, respectively called Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX), to its global data service.

Ripple Release Report Showing They Sold $535 Million Worth of XRP in 2018

  • Ripple have released their report for the fourth quarter of 2018, claiming impressive sales of their cryptocurrency despite the bearish market conditions.
  • The company managed to sell 129.03 million dollars worth of XRP in Q4, adding up to a total of $535.56 for 2018.