Tag Archives: ripple labs

Recently, Telegram founder Pavel Durov made quite a bold statement. On his Telegram channel, he argued that Apple‘s iCloud is now ‘officially a surveillance tool’. Further, Durov cited a Reuters report and stated that apps relying on it to store users’ private messages (such as WhatsApp) are part of the problem.But let us see how the whole story began.Apple’s iCloud Will Not Encrypt BackupsAbout two years ago, Apple was considering end-to-end encryption for iCloud backups. After doing that,...

The SEC vs Telegram case is taking new turns every single day. In the latest development, the Blockchain Association has decided to support Telegram in its fight against the regulator.Let us also remind you that the Association unites such prominent names as Coinbase, Circle, Ripple Labs and others.The Chamber of Digital Commerce has filed amicus curiae supporting Telegram’s argument that “digital assets may be the subject of an investment contract without being a security”. Note that the...

XRP price fell about 11 percent after registering surface achievements in the last 30 days.XRP set an intraday low of $0.224 on Monday, while traders liked to leave long orders for a little gain. It appears that the descending development was a progressively normal bearish adjustment, particularly after the colossal XRP price rally, which provoked financial specialists to benefit to around 45 percent.This situation constrained a few analysts to keep up their bullish inclination in the digital...

Anyone can issue his own money – this should be the main notion in FinTech of the 21st century.According to the statistics, the daily volume of international payments equals almost 10 trillion dollars, with 5 trillion handled by the SWIFT international payment system. It was designed back in 1972, yet many banks still use the outdated, 40-years old software. Cross-border bank accounts are holding $27 trillion in cash.Let’s consider the volume of international payments stated above. If the...

In what is seen as a paradox that has put many pundits on the edge, recent data indicates that XRP that is widely used by Ripple in its solutions is already less than one month away from being the worst-performing cryptocurrency token that is among the top ten in terms of market capitalization. Research indicates that coming up as a close second in this regard is Bitcoin Cash (BCH) which has lost 49% of its value since its all-time-high as against XRP’s 51%. XRP at the time of the 2017...

XRP falls by 5.31% to hit $0.25 indicating weakness and trading apathy, even when Ripple Labs Inc has added another feather to its cap by adding a new remittance service on RippleNet. SBI Ripple Asia and SBI Remit, which is a financial services company in Japan, are set to introduce a new remittance that will enable customers to transfer money between Japan and Vietnam. The new service is set to operate using RippleNet, and the Vietnamese baking giant TP Bank (Tien Phong Commercial Joint...

Ripple Labs Inc. has already started making inroads in the financial space in Asia as sources indicate that TPBank based in Vietnam is the first financial institution in the country to join the blockchain payments network. RippleNet allows international remittances to take place in mere minutes rather than in days unlike traditional networks such as SWIFT and at much less cost as well.This was stated on the bank’s website which indicated the bank’s first foray into blockchain technology and...

Photo: ShutterstockWhen Facebook announced it is going with its own cryptocurrency Libra back in June, the CEO of Ripple Labs Inc., a US-based technology company, Brad Garlinghouse, was one of its first open supporters.Actually, he was so thrilled by the whole project and all the ‘fuss’ it had gathered in the crypto community that he decided to send the champagne to the Zuckerberg & Co.Be it as it may, a hard times has come to Libra, even before it actually came to circulation. As we had...

XRP is the third-largest cryptocurrency by market cap and it is probably the only cryptocurrency with established relationships with traditional financial institutions. If you’ve been following cryptocurrencies, you’ll probably be wondering if you should buy XRP in 2019. XRP was released in 2012 by Ripple Labs Inc with the singular aim of becoming a blockchain-powered solution for sending money across borders seamlessly.You probably won’t be excited to buy XRP in 2019 when you consider the...

Ripple Labs Inc, the owners, and developers of XRP, has just acquired Algrim, a crypto trading firm which has quite a bit of talent despite its small number of human resources.The six-person cryptocurrency firm which has been around for about a decade gives Ripple Labs a foothold in the crypto-friendly country of Iceland which though smaller than 500,000 people (around 340,000) has been at the center of the crypto space for many reasons one of them being access to cheap electricity.With its...