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.

Markets

Former CFTC Chair Giancarlo Lays Out Why He Thinks XRP Isn't a Security

The fact investors buy XRP for different reasons means it's more like a new form of currency than it is a security, says former CFTC head Christopher Giancarlo.

By Paddy BakerJun 17, 2020

Christoper Giancarlo (CoinDesk archives)

Tech

Free Transactions Invite Systemic Attacks on Blockchains, Researchers Find

EOS, Tezos and XRP have not seen high levels of intended use, according to a new report from researchers in London.

By Brady DaleJun 11, 2020

Policy

Ripple Says XRP Lawsuit Fails to Show CEO Committed Fraud

Ripple's court filing says CEO Brad Garlinghouse could still be "long" on XRP and sell a claimed 67 million tokens on the open market.

By Paddy BakerJun 9, 2020

Finance

UAE Bank Opens Bangladesh Remittance Corridor Using Ripple's Blockchain Tech

RAKBank aims to speed up remittances for Bangladeshi expats after integrating with RippleNet.

By Sebastian SinclairMay 12, 2020

Dhaka, Bangladesh (Credit: Shutterstock/Lumenite)

Finance

Mysterious Company Files New Lawsuit Over Ripple's $1.1B XRP Sale

The lawsuit alleging Ripple violated U.S. securities laws comes from a company that previously accused FTX of price manipulation.

By Paddy BakerMay 5, 2020

Finance

YouTube Suspends Ripple’s Tech Chief Days After XRP Scam Lawsuit Filing

Schwartz's channel was suspended for impersonation, but he's no idea why.

By Paddy BakerApr 29, 2020

Markets

Ripple Engineers Publish Design for Private Transactions on XRP Ledger

Ripple engineer Nik Bougalis has proposed a method of shielding transactions on the XRP ledger.

By Paddy BakerApr 2, 2020

Waves at night (Shutterstock modified by CoinDesk)

Markets

Digital Custodian Anchorage Adds XRP Storage for Institutional Customers

Anchorage, a digital asset custodian targeting institutional clients, has added support for XRP, offering services for all of the top-3 cryptocurrencies.

By Danny NelsonApr 2, 2020

Crypto custodians are increasingly mindful of how stored tokens should be used in governing DeFi protocols. (Credit: NYPL)

Policy

Amended Lawsuit Against Ripple Now Offers Theory That XRP May Not Be a Security

While the lawsuit against Ripple Labs still alleges the firm broke securities laws, the plaintiffs now seem to be hedging their bets.

By Sebastian SinclairApr 1, 2020

Markets

Bitcoin and Ether Prices Stagnate as Traders Take Wait-and-See Approach

The March 12 crash is still fresh in crypto traders’ and fund managers’ minds, leaving some to think no trading decisions are the best decisions for now.

By Daniel CawreyMar 27, 2020

Pageof 88