Ripple CEO Brad Garlinghouse believes his company can still thrive under a hypothetical scenario where XRP is declared a security by United States lawmakers. Appearing on episode 439 of the Pomp Podcast, Garlinghouse talked about the implications of XRP being declared a security by the U.S. Securities and Exchange Commission, or SEC. He said such a position would run contrary to the prevailing view among G20 markets. While acknowledging that “it’s very hard to look at XRP as a security,” Garlinghouse said: “You know if XRP were deemed a security here in the United States that, you know, we have …

On Tuesday, the bulls showed that they are in full control of the crypto market as Bitcoin (BTC) rallied to $19,418.97 and several top 10 altcoins went on a double-digit rampage to new 2020 highs. Notable performers of the day were Stellar Lumens (XLM) and XRP with a 53% and 38% gain respectively. With all the excitement and anticipation surrounding the possibility of BTC moving to $20,000, crypto traders may have missed an equally impressive performance in traditional markets. On the same day the Dow also rallied by more than 400 points to secure a new all-time high at 30,046. …

Bitcoin (BTC) price extended its rally toward a new all-time high on Nov. 25 as the price surged to $19,412 in the morning trading session. Determining the actual all-time high for BTC is somewhat debatable, as various exchanges have different figures listed. For example, Coinbase has registered $19,892 as Bitcoin’s peak, whereas BitMEX and Binance have $19,891 and $19,799 respectively. Thus, for most traders, $20,000 is likely to be the primary focal point that will solidify BTC reaching a new all-time high. Pushing through the $19,000 level occurred quicker than many expected, especially after Bitcoin price plummeted to $18,000 in …

Bitcoin (BTC) has topped $19,000 in a fresh bullish surge, but traders are all about altcoins on Nov. 24. In what many are heralding as the beginning of “alt season,” large-cap cryptocurrencies are seeing their biggest gains in three years. XRP, XLM lead new “alt season” Cointelegraph takes a look at five of the biggest movers, all of which have returned to at least a $1 billion market cap. XRP Ripple’s XRP token is gaining traction on social media after a curious lull, thanks to its weekly gains that have topped 110%. At press time, XRP/USD traded at $0.62, having …

The price of Bitcoin (BTC) surpassed $19,000 on Nov. 24 for the first time in nearly three years. It followed an XRP flash crash on Coinbase, which trembled the crypto market. The two incidents could be entirely coincidental. Although considering that BTC price surged almost immediately after the XRP drop, there could be a correlation. How XRP’s price rally could have triggered Bitcoin to new highs As Cointelegraph reported on Nov. 24, the price of XRP spiked by nearly 80% in 48 hours. As the rally went on, the hype around the cryptocurrency continued to intensify. The interest in the …

Japanese financial giant SBI Group is introducing a cryptocurrency lending service through its crypto-related subsidiary, SBI VC Trade. According to an official announcement on Nov. 24, the new crypto lending platform will allow users to lend their crypto to SBI and earn interest at a rate of 1% with taxes included. The new service, dubbed VC Trade Lending, will initially support the major cryptocurrency Bitcoin (BTC), with SBI further planning to add support for Ether (ETH) and XRP. The minimum lending amount is 0.1 BTC, or $1,840 at publishing time, while the maximum amount is capped at 5 BTC, or …

XRP price spiked to over $0.90 on U.S. cryptocurrency exchange Coinbase on Nov. 24, only to crash back down by roughly 30% in seconds. This was the highest price level since May 2018. XRP frenzy driven by Coinbase users The rally was apparently driven by Coinbase users as the price of XRP did not see the same heights on other exchanges. Bitstamp and Binance, for example, saw a high of only $0.79 during the same spike. Shortly after the crash, the hashtag “Coinbase” began trending on Twitter in the United States. While Coinbase’s official status page currently says that everything …

In the past month, the price of XRP rallied 91% as the digital asset at last found some spark and is now playing catch up with Bitcoin (BTC) and Ether (ETH). The likely catalysts for the XRP rally are the rise in unique addresses, buybacks from Ripple and the possibility of a new product release. Unique XRP addresses increase On-chain data can be useful for depicting the overall sentiment around a cryptocurrency, as it accurately reflects the activity taking place on the blockchain. In the case of XRP, addresses interacting with XRP spiked in late November. The trend intensified when …

Bitcoin (BTC) has been leading the current crypto rally for the past few weeks, and this has boosted its dominance from 56% on Sep. 3 to 67% on Nov. 18. However, as Bitcoin nears its all-time high, it seems to be losing momentum as the action shifts to altcoins. This has pulled Bitcoin’s dominance down to about 62.3%. No long-term bull market can be led by one leader alone. There are periodic rotations when the leader enters a consolidation or a minor correction while others take the lead. A similar rotation is currently playing out in the crypto markets, with …

Ripple’s XRP is rising in price, but the reasons are not entirely clear. Between 11:00 am and 3:00 pm UTC today, XRP gained approximately 20% in value, based on data from TradingView.com. The asset has rallied about 83% total since Friday and is up roughly 98% since Wednesday. XRP’s price rally seemingly lacks any specific news-related catalyst. Information has surfaced regarding the inclusion of Bank of America to Ripple’s payment network, RippleNet, based on a Monday brief from media outlet Ripple News. However, looking at the Wayback Machine — a platform that allows users to browse historical snapshots of websites …

Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies, or CBDCs. According to a recent job posting by Ripple, the firm is seeking a senior director of central bank engagements focusing on supporting CBDC initiatives with Ripple’s real-time gross settlement system, XRP Ledger. With the new position, Ripple is looking to define its CBDC strategy with central banks, build relationships and projects, as well as educate global central bankers, the job posting notes. The position requires over 10 years of experience in technology sales or account management involving selling to …

Bitcoin (BTC) has made a stellar comeback from its March lows in 2020 and this performance is getting noticed by institutional investors. Recently Rick Rieder, BlackRock’s CIO of fixed income, said that Bitcoin could replace gold as it is “more functional than passing a bar of gold around.” Comments like these are a positive sign as they demonstrate that the narrative of Bitcoin being increasingly viewed as digital gold even among traditional investors has been gaining wider acceptance. A new report by crypto investment firm Pantera Capital attributes the recent uptick in Bitcoin’s price to PayPal’s new crypto service. According …