Ripple (XRP)

Ripple co-creator Chris Larsen believes that unless bitcoin changes itself to be more environmentally friendly, all hope for the world’s largest and most popular digital currency is lost. Chris Larsen: BTC Needs to Change Modules Bitcoin has been taking a lot of guff in recent weeks given that its constant price increases have led to boosts in energy usage for crypto miners. The higher the price of bitcoin goes, the more expensive it becomes to mine and extract. Right...

Following several days of consolidation around and beneath $55,000, bitcoin finally made a move and jumped above $58,000. Despite new records for Ethereum and Binance Coin, BTC actually managed to reclaim some of its recently lost market dominance. Bitcoin Adds $6K in Two Days While the altcoin market was producing impressive price pumps lately, bitcoin seemed stalled at best. The primary cryptocurrency had recovered from its April slumps that drove it below $50,000 but had...

The past week has been overall very favorable for the cryptocurrency market. The total capitalization grew to $2.15 trillion, which is a 17% increase. Most of it came from altcoins, however. At the time of this writing, bitcoin’s price trades at around $56,000 following a quick spike. It’s up 9% on the week and managed to recover some of the losses of the previous seven days. In general, the overall trajectory for BTC has been quite positive. It started the week at slightly...

The crypto market recovered this week, but bitcoin seems unable to catch up with the momentum that alts are currently getting. This is perfectly visible in the below chart, showing that large-cap altcoins outperformed it, dollar-wise, substantially. Bitcoin Bitcoin saw a small 5.4% price hike over the past seven days as it currently sits around $54,300. It found support at $47,000 (.5 Fib) on Sunday and rebounded from there to close the daily candle around $49,000. On...

The Ripple CEO has decried the lack of proper crypto regulation as the company fights the SEC about the classification of XRP as a security.Ripple CEO Brad Garlinghouse has said that authorities in the US do not have clarity on cryptocurrency regulation in the country. The CEO describes the situation as “frustrating” amid legal battles between Ripple and the US Securities and Exchange Commission (SEC). In a recent conversation with CNBC’s Squawk Box Asia, Garlinghouse compared the crypto...

The inability of US authorities to implement clear and precise regulations on the cryptocurrency industry is “frustrating,” commented the CEO of Ripple – Brad Garlinghouse. The executive also blasted the country’s regulator for being the only world watchdog insisting that the XRP token is a security. US Trails Behind Other Nations For Crypto Clarity With the growth of the cryptocurrency industry in the past year or so, world regulators began discussing more actively what type...

Following another drop to $52,500, bitcoin reacted positively and regained $2,000 of value in the following hours. However, the asset continues to be outperformed by most alternative coins, and its dominance is down to 48%. Ethereum reached yet another ATH yesterday, while BNB spiked well above $600. ETH’s Latest ATH; XRP Surged 15% Most alternative coins have been on a roll lately, with Ethereum leading the pack. After dipping below $2,000 a few weeks back, the...

Ripple currently has a lot on the table so the date for the IPO may depend on how soon the lawsuit with the SEC is settled.Ripple is currently in a legal battle with the US Securities and Exchange Commission (SEC) over issuing unregistered securities. While people think Ripple has been discouraged for any future developments, the company plans on going public after the lawsuit. This was disclosed by Yoshitaka Kitao, the CEO of SBI Holdings Inc (TYO: 8473), a Japanese financial...

Should Ripple prevail in its ongoing legal battle against the SEC, the payment processor will join the trend of crypto-related companies going public, said the CEO of SBI Group – one of the largest shareholders in the firm.   During an earnings presentation call, SBI Group’s CEO, Yoshitaka Kitao, spoke about the relationship between the entity he runs and the blockchain-based payment processor – Ripple.  As previously reported, Ripple has legal troubles in the US as the...

XRP/USD – Bulls Battles With Bearish .5 Fib Resistance Key Support Levels: $1.30, $1.25, $1.10.Key Resistance Levels: $1.42, $1.50, $1.55. XRP is up by a solid 8% this week as it starts to recover from the downtrend seen over the previous fortnight. The cryptocurrency found support at $1.00 on Monday and started to surge higher from there, spiking to $1.50 on Tuesday. Over the past couple of days, XRP struggled to close a daily candle above resistance at $1.42. This is...