Saturday , May 4 2024
Home / Crypto news / Ripple CTO Addresses Rumors of $5 Billion XRP Buy Back

Ripple CTO Addresses Rumors of $5 Billion XRP Buy Back

Summary:
There’s been a rumor circling cryptocurrency-oriented social media circles throughout the past couple of days, that Ripple is planning to buy back 10 billion XRP tokens, currently worth just shy of billion. The first to question the rumors was John Deaton, a lawyer representing thousands of XRP holders, who said he doesn’t believe it until the company itself confirms it. The rumors were spreading like wildfire, though, as it tends to oftentimes be the case. David Schwartz, who is the CTO of Ripple, dismissed them yesterday. We do sometimes buy XRP. But I don’t know of anything specific that this could be referring to. And there’s no official source mentioned. We do sometimes buy XRP. But I don’t know of anything specific that this could be referring to. And there’s no

Topics:
George Georgiev considers the following as important: , , ,

This could be interesting, too:

Wayne Jones writes Former FTX Exec Agrees to Transfer .9 Million Bahamas Property in Plea Deal

Wayne Jones writes Dutch Authorities Arrest Suspect in ZKasino Online Gambling Scam

Andrew Throuvalas writes Costly Mistake: Victim Loses Million In Address Poisoning Scam

Chayanika Deka writes BitMEX Founder Arthur Hayes Sees Bitcoin’s Price Slump as Market Cleansing

There’s been a rumor circling cryptocurrency-oriented social media circles throughout the past couple of days, that Ripple is planning to buy back 10 billion XRP tokens, currently worth just shy of $5 billion.

  • The first to question the rumors was John Deaton, a lawyer representing thousands of XRP holders, who said he doesn’t believe it until the company itself confirms it.
  • The rumors were spreading like wildfire, though, as it tends to oftentimes be the case.
  • David Schwartz, who is the CTO of Ripple, dismissed them yesterday.

We do sometimes buy XRP. But I don’t know of anything specific that this could be referring to. And there’s no official source mentioned.

  • XRP has failed to move on the rumors, trading at 1.4% loss in the past 24 hours and 1.2% for the past seven days.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *