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.

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

Markets

Bitcoin Ekes Out Gains but Remains in Red Amid Broader Market Rebound

Bitcoin has recovered slightly from Thursday’s brutal selloff as global financial markets creep back into the green.

By Daniel CawreyMar 13, 2020

Markets

Down 26%: Bitcoin Sees Worst Sell-Off in 7 Years as Coronavirus Spurs Flight to Safety

Bitcoin suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies.

By Bradley KeounMar 12, 2020

Cleaner sweeping the floor after the Wall Street stock market crash of 1929. Source: Wikimedia Commons

Markets

Bitcoin Price Falls After One-Hour Volume Spike

An hour of high volume trading on Tuesday resulted in bitcoin trading lower, giving back nearly half of the previous day’s gains.

By Daniel CawreyMar 3, 2020

Bitcoin prices, March 2 to March 3, 2020.

Markets

Ripple Class-Action Lawsuit Can Proceed, Judge Rules

A lawsuit claiming Ripple violated U.S. securities laws will be allowed to move forward – though with a caveat favorable to the San Francisco-based payments firm.

By Nikhilesh DeFeb 26, 2020