XRP

XRP is a digital asset and cryptocurrency that was created by Ripple Labs Inc., a technology company specializing in the real-time gross settlement system, currency exchange, and remittance network. XRP operates on an open-source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, be it USD, Yen, litecoin, or bitcoin. XRP is often used by Ripple's payment ecosystem, RippleNet, and is increasingly adopted by banks and payment networks as settlement infrastructure technology. As a bridge currency, XRP also provides liquidity for instant cross-border transactions.


Markets

Crypto Investors Can Now Trade XRP Options on BIT Exchange

XRP is the world's fifth largest cryptocurrency, boasting a market capitalization of $30.88 billion at press time.

XRP's price chart (CoinDesk/Highcharts.com)

Markets

Bitcoin Slips to $29K, but Fundstrat's Tom Lee Sees $150K on ETF Approval

Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.

Bitcoin falls back to $29K (CoinDesk)

Markets

Altcoin Plunge Leads Crypto Lower; Bitcoin Slips 0.7% to $29,150

Traditional markets fell sharply as well, with the major U.S. stock indexes shedding more than 1% on Tuesday.

Bitcoin plunges below $40K (Eva Blue/Unsplash)

Markets

XRP's Market Cap Momentarily Zoomed to Trillions of Dollars on Gemini

Low liquidity after the token’s relisting likely caused a temporary pricing glitch on the exchange.

(Getty Images)

Videos

Coinbase's New Blockchain Sees Muted Inflows on Launch Day; Is a Spot Bitcoin ETF Coming?

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as the Securities and Exchange Commission seeks to appeal a judge's ruling on Ripple's programmatic sales of XRP. Dune analytics tracks inflows to Coinbase’s newly launched 'Base' blockchain. And, Matrixport analysts predict that the SEC will likely greenlight several spot bitcoin ETFs in quick succession, leading to another rally for bitcoin's (BTC) price.

Recent Videos

Videos

SEC Plans to Appeal Judge's Ruling on Ripple's Programmatic Sales of XRP

The U.S. Securities and Exchange Commission (SEC) said in a court filing that the regulator will submit an "interlocutory appeal" of Judge Analisa Torres' ruling on Ripple's programmatic sales of XRP. "The Hash" panel weighs in on the details of the filing and the ongoing legal battle between Ripple and the SEC.

Recent Videos

Videos

SEC Says It Will Appeal XRP Ruling in Case Against Ripple

The U.S. Securities and Exchange Commission (SEC) will file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP. Michael Selig, counsel at law firm Willkie Farr & Gallagher LLP, discusses the filing and the potential outcomes.

Recent Videos

Videos

Legal Expert Reacts to SEC Gearing Up to Appeal XRP Ruling in Case Against Ripple

Michael Selig, counsel at law firm Willkie Farr & Gallagher LLP, dives into the intricacies of the SEC planning to file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, according to a court filing on Wednesday. A federal judge ruled last month that while Ripple's direct sales of XRP to institutional investors violated securities law, its programmatic sales to retail investors through exchanges did not.

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Policy

SEC Will Appeal XRP Ruling in Case Against Ripple

A federal judge ruled that while Ripple's direct sales of XRP to institutional investors violated securities law, its programmatic sales to retail investors through exchanges did not.

Ripple CEO Brad Garlinghouse  (Scott Moore/Shutterstock/CoinDesk)

Markets

Bitcoin Wobbles at $29K as XRP Leads Altcoin Losses; SHIB, Helium Gain

Cryptocurrency markets sold off Friday afternoon as equity markets gave up early gains and closed the day in red.

Bitcoin returns to $29K (CoinDesk Indices)