Plaintiffs have filed an amended complaint against Ripple Labs in their two-year long lawsuit against the blockchain-based company. The modified lawsuit puts new pressure on Ripple CEO, Brad Garlinghouse. BRAD GARLINGHOUSE ACCUSED OF FRAUD The new amendment emphasizes CEO Brad Garlinghouse’s role in misleading XRP investors. It states that the head of Ripple repeatedly told the public that he intended to hold the token when in fact he was actively selling it. The complaint states: […]
When the co-founder of SPQR Media (and presumably Ripple supporter) alerted Brad Garlinghouse of a fake YouTube account using his name, the Ripple CEO lost his calm. He took to Twitter to call for greater action on scammers, saying “enough is enough” and warning “more to come.” Ripple CEO Tells YouTube to Crack Down on Scammers When Garlinghouse discovered a YouTube account using his name to promote a fake XRP airdrop scam, he notably lost […]
As if there wasn’t enough tribalism within the crypto community already, Ripple’s CEO has blatantly bashed bitcoin and Ethereum for their energy consumption and carbon foot print. Bitcoin Using More Energy Than Ever A recent article in the UK’s Telegraph has claimed that one bitcoin transaction uses more energy than an average British household does in two months. Citing figures from Digiconomist the report added that energy consumption has reached record annual levels of 77.78 […]
Ripple continues to follow its policy of holding back most XRP tokens from its escrow account. This time, 90% of tokens were returned to the locked address. Most of This Month’s Escrow Funds Are Returned In the latest monthly escrow operation, Ripple, Inc. returned 90% of the entire amount of 1 billion XRP. Only 100,000 XRP remain at large, after the coins moved back into the escrow wallet in three large transactions. The largest transaction […]
The company has created a page on its website where foul-play can be reported. This move represents the increasing attempts by Ripple to establish itself as a key player in global finance. FRAUD CAN BE REPORTED, BUT FUNDS NOT REVERSED The reporting website gives consumers the ability to make the company aware of fraudulent behavior involving the XRP token. This behavior could include theft, scams, or unauthorized gateways/exchanges. The site makes clear that Ripple cannotRead More
Brad Garlinghouse, CEO of Ripple took to the airwaves and spoke with CNN’s Julia Chatterly about the current state of Ripple, XRP, and the company’s plans for 2020. Garlinghouse concluded that in 5 years, Ripple wants to become the Amazon of the crypto industry. Ripple grew during bear market, other blockchain projects had layoffs Brad Garlinghouse was interviewed by CNN’s Julia Chatterly, this morning, and spoke about the state of Ripple, and its future plans.Read More
Responding to critics, Ripple CEO, Brad Garlinghouse, has drawn attention to XRP’s impressive gains during the first few weeks of this year. Although the platform is clearly having a good run, with a year-to-date increase of almost 50%, its growth may be the product of a larger market recovery. GARLINGHOUSE RESPONDS TO DISAPPOINTING PREDICTION Garlinghouse made his comment in a tweet after Galaxy Digital CEO Mike Novogratz predicted that Ripple would underperform in 2020. Ahem…Read More The post appeared first on Bitcoinist.com.
In a recent episode of Boom Bust, anchor Christy Ai, stated that we’re “expected to see a major devaluation” of Ripple’s XRP asset, following a discussion about the company’s IPO announcement. XRP is ‘Not Worth’ its Current Price Based on Ripple’s generation of financing over the years by selling actual XRP, the IPO may strike a blow against the value of the native cryptocurrency. Recent news commentary raised doubts whether $0.22 was fair value forRead More The post appeared first on Bitcoinist.com.
In an interview with the Wall Street Journal at Davos 2020, Ripple CEO Brad Garlinghouse pretty much-confirmed intentions to take the company public. The effects on XRP as an investment could be catastrophic. Ripple Chief Speaks of IPO According to reports in Ripple-centric media and tweets from company executives, Brad Garlinghouse has virtually confirmed that an IPO is on the cards for the fintech firm. There was nothing on his own feed, but SVP ofRead More The post appeared first on Bitcoinist.com.
Ripple’s XRP is booming at the start of the new year, suddenly spiking by 8% on January 6. In the past few days, the coin started showing signs of a revival, and has now returned to $0.21. Futures Market Announcement Boosts Price Performance XRP has been pressured by its protracted slide, and has fallen almost every time the Ripple escrow account released new coins. But now, the asset looks like it’s switching to a newRead More The post appeared first on Bitcoinist.com.
A recent episode of The Ripple Drop saw executives give their predictions on the state of the crypto world in 2020 and beyond. Ripple Team Looks to the Future Ripple has recently released a special holiday episode of ‘The Ripple Drop’, which looks back on the things that impacted the crypto and blockchain industry over the course of the last ten years. However, with 2020 being only a few days away, the episode also saw
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It seems Ripple is pretty serious about pushing XRP adoption in a massive way. The San Francisco based fintech firm announced a $200 million funding on Thursday for the same. Ripple intends to redefine cross-border payments by onboarding banks, financial institutions, and third-party payment operators. XRP, the company’s native cryptocurrency is going to prove instrumental in this regard. At least this is the idea which global investment firm Tetragon bought while helping Ripple raise the
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Ripple’s Swell conference usually provides good bullish momentum for its native token XRP. The annual gathering of company bigwigs, bankers and academics provide an opportunity to ‘big up’ the product, but that is not being reflected in its crypto prices today. Highlights From Ripple Event Company executives and industry experts have gathered in Singapore this week for the Swell event from November 7 – 8. In a press release earlier this week the San Francisco
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Facebook’s digital currency Libra will not become a reality until at least 2023, the CEO of one of its would-be competitors says. Garlinghouse: I’d Bet Libra Fails To Launch In 3 Years In an interview with Fortune’s Balancing the Ledger on October 7, Ripple chief Brad Garlinghouse became the latest voice to go public with doubts about Libra. According to him, regulatory issues will keep Facebook from launching its currency for the time being. “No,”
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An XRP evangelist is calling for a fork of the cryptocurrency to prevent Ripple from dumping coins on investors for profits. Let’s Fork XRP Every quarter, Ripple publishes a report showing the sales figures for the tokens within the preceding three months. Critics say the company is dumping these tokens for profits while the value of the “coin” itself continues to tumble. I’m thinking about forking $XRP so we don’t have to deal with the
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Ripple, the entity notionally behind cryptocurrency XRP, has asked US lawmakers for more advantageous regulation, saying it is “serving the greater good.” Ripple Wants To ‘Serve Greater Good’ In an open letter to Congress ahead of a fresh hearing on crypto and blockchain policy July 30, CEO Brad Garlinghouse requested politicians not apply a one-size-fits-all approach to the industry. He summarized, We urge you to support regulation that does not disadvantage U.S. companies using these
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Ripple CEO Brad Garlinghouse questioned the purpose and the overall utility of the recently announced cryptocurrency JPMCoin. He also outlined the positives aspects of major financial players stepping in the industry. Garlinghouse Questions Purpose of JPMCoin Brad Garlinghouse, CEO at Ripple — the company behind the third largest cryptocurrency by market cap XRP — expressed his thoughts on the matter of JP Morgan Chase’s recently announced cryptocurrency. He spoke at the DC Blockchain Summit on
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JPMorgan is already facing severe criticism from the cryptocurrency industry just a day after it announced it would launch its own token, ‘JPM Coin.’ Garlinghouse: JPM Coin ‘Misses The Point’ The plan, which would ostensibly make JPMorgan the first US bank to issue a token with a verifiable use case, surprised commentators when executives revealed it to the press this week. “The applications are frankly quite endless; anything where you have a distributed ledger which
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Ripple, the company behind XRP, may be overstating the digital token’s real market cap by as much as 47 percent, according to cryptocurrency data company Messari. A Hole in the Plot According to a new Messari report, the total circulating supply of XRP is 21.8 billion. This differs significantly from data provided to third-party crypto data services such as CoinMarketCap, where the displayed circulating supply is around 41 billion XRP at the time of writing
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Chris Larsen has made this year’s Forbes 400 rich list as the 383rd richest person and is the first to ever make the list with a value accumulated solely from cryptocurrency. Forbes released its latest Forbes 400 list, for 2018, last week, estimating that Larsen is worth $2.1 billion. After gaining $78.5 billion in a single year, Jeff Bezos, with a total fortune of $160 million has finally beaten Bill Gates to the number one
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