XRP News

XRP is a digital asset created by Ripple Labs in 2012, designed to facilitate fast, low-cost cross-border payments and serve as a bridge currency between traditional fiat currencies. Unlike Bitcoin's proof-of-work consensus, XRP operates on the XRP Ledger, a decentralized blockchain that uses a unique consensus protocol to validate transactions in seconds rather than minutes.

The XRP ecosystem centers around financial institutions, payment providers, and banks seeking to modernize their cross-border payment infrastructure. Ripple's On-Demand Liquidity service leverages XRP to eliminate the need for pre-funded nostro accounts, while independent developers continue building applications on the XRP Ledger's native decentralized exchange and smart contract capabilities.

At CoinDesk, we provide comprehensive coverage of XRP news, from regulatory developments and institutional adoption to technological upgrades and market analysis. Our reporters track the ongoing legal proceedings between Ripple and the SEC, partnerships with global financial institutions, and the broader implications for cryptocurrency regulation.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Videos

XRP Rises as Ripple Announces $200M Share Buyback

Blockchain payments company Ripple has announced it bought back $200 million worth of its Series C shares initially issued in December 2019, bringing the firm's total valuation to $15 billion. The native XRP cryptocurrency climbed 3.8% on the news Wednesday morning. "The Hash" discusses the latest in the world of Ripple amid an ongoing regulatory battle with the SEC.

Jan 26, 2022

Markets

Digital Asset Funds Hit by Record Weekly Outflows of $207M

Bitcoin-focused investment funds saw $107 million in outflows over the seven-day period.

By Lyllah LedesmaJan 10, 2022

Investment funds focused on bitcoin saw outflows of $107 million during the seven-day period, according to a report published Monday by CoinShares.

Markets

Bitcoin Falls Below $43K, Leads to $800M in Crypto Liquidations

Over 87% of losses arose from crypto traders in long positions.

By Shaurya MalwaJan 6, 2022

Bitcoin broke below the $46,000 support level on Wednesday. (TradingView)

Tech

The Tragedy of the Third Coin

As crypto moves increasingly mainstream, many retail investors seek an alternative to bitcoin and ethereum.

By Paul J. Dylan-EnnisNov 1, 2021

(Say Cheeze Studios/Unsplash, modified by CoinDesk)

Finance

XRP Gets Wrapped by Tokensoft for Ethereum DeFi Debut

Tokensoft’s Wrapped is now taking a multi-custodial approach, having partnered with Hex Trust on wXRP.

By Ian AllisonOct 29, 2021

Wrapped assets can live away from their native blockchains. (Kari Shea/Unsplash)

Finance

Ripple Launches $250M NFT Fund

Creators, brands and marketplaces will be given support to explore how the XRP Ledger’s speed and cost can support new use cases for NFTs.

By Jamie CrawleySep 29, 2021

Policy

Judge Denies Ripple’s Motion to Have SEC Employees’ Crypto Transactions Disclosed

Ripple Labs has been petitioning the SEC for employees’ trading records since early July.

By Cheyenne LigonSep 21, 2021

Ripple CEO Brad Garlinghouse (CoinDesk archives)

Finance

Ripple Is Looking to Build a Market-Making Platform for XRP: Sources

The company, still mired in legal action in the U.S., is hiring in London and Singapore.

By Will CannySep 17, 2021

Brad Garlinghouse, Ripple CEO, speaks at Davos 2020. (CoinDesk)

Videos

Ripple Looking to Build a Market-Making Platform for XRP

Global payments company Ripple is reportedly looking to build a crypto market-making platform and is currently hiring staff in London and Singapore. The company is still mired in legal action in the U.S. "The Hash" hosts digs into the world of market-making, exploring the outlook for Ripple and XRP's price amid ongoing regulatory woes.

Sep 17, 2021

Markets

Bitcoin Tumbles Most Since May and El Salvador Buys the Dip

Price drop triggers about $3 billion of liquidations of trading positions due to margin calls.

By Bradley KeounSep 7, 2021

Chart of the bitcoin price over the past week shows the impact of Tuesday's wipeout. (CoinDesk)

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