Mexican cryptocurrency exchange Bitso joined forces with the crowdfunding platform Donadora to launch a crypto-based donation system. The platform will help gather funds to buy food for the most vulnerable families affected by the COVID-19 crisis. According to a report published by El Heraldo de México on May 15, each pantry delivered will be worth 150 Mexican pesos. They will have enough food to feed families of between four and six members for a week. Donation options include both fiat currencies and various cryptos, such as Bitcoin (BTC), Ether (ETH) and XRP. Crypto donations gain popularity as a crowdfunding method …

Tether’s USDT has just surpassed XRP in market capitalization, becoming the third-biggest cryptocurrency in the moments leading into the Bitcoin halving. Sitting with a market cap of $8.79 Billion, it is now bigger than XRP, whose market cap is roughly $8.6 billion. USDT is currently second only to Ether (ETH) as the largest altcoin in the cryptocurrency market. The market cap rise comes as a result of the constant increase in the supply of USDT, the majority of which circulates on the Ethereum blockchain. There have also been huge inflows of USDT into exchanges in recent weeks in the run-up …

XRP users can now delete their wallets on the XRP network if they so desire — an update put in place after the community majority voted in favor of the change. "After maintaining an 80% consensus during the mandatory 15-day voting period, the XRPL Deletable Accounts Amendment became enabled on May 8, 2020 at 4:29:30 UTC, through the ledger 55,313,921," former XRP Center manager, Arturo Portilla, said in a May 8 tweet. Users can delete accounts on the ledger Ripple's XRP runs on a distributed ledger. "An account in the XRP Ledger represents a holder of XRP and a sender …

A new report by blockchain intelligence firm Flipside Crypto indicates that trading activity for XRP slows down considerably on the weekends. The question is, why? In the report called “4 Things To Know About XRP Money Flows”, the company analyzes the flows of XRP through the ecosystem and notes that activity for XRP drops significantly on the weekend. It theorizes that this is likely due to a lack of consumer or retail interest in the asset: “The bar chart above shows a clear pattern, with significantly lower XRP activity on weekends than during business days. This is not the case …

Analyzing known wallets for Ripple co-founder Jed McCaleb shows he sold off at least 54 million XRP between April 1-30. According to a May 2 report by TheCryptoAssociate based on data from McCaleb’s known addresses, the Ripple co-founder appears to be liquidating his supply of tokens on a regular basis. Data shows that the wallet address supposedly used by McCaleb to sell XRP received an average of 1.8 million tokens daily in April, totaling 54,215,405 XRP — $11.7 million at the time of press. Billions of XRP left to sell McCaleb is a key figure in cryptocurrency’s history, having created …

During an earnings call for Q1 2020, MoneyGram chairman and chief executive, Alexander Holmes, revealed that it was a “quiet quarter” regarding the firm’s partnership with blockchain payments company Ripple (XRP). Ripple first announced its “strategic partnership” with the Nasdaq-listed money transfer company during June 2019. The partnership’s initial term was set at two years, with Ripple providing a capital commitment of up to $50 million over 24 months in exchange equity. The announcement was also slated to see Ripple act as MoneyGram’s “key partner for cross-border payment and foreign exchange settlement using digital assets.” Ripple Partnership ‘Quiet’ During Q1 …

Sygnum Bank, the first crypto bank licensed by FINMA, announced on April 30 that Ripple’s XRP tokens are now available through its banking services platform. Users can access deposit, exchange, and credit services using the popular digital currency. Based in Switzerland, the bank will now allow the third most capitalized digital token behind Bitcoin (BTC) and Ethereum (ETH) to be used by clients seeking to diversify their direct investments in digital tokens, in conjunction with other asset management products offered. Sygnum customers can use deposits in traditional currencies, such as the Swiss franc, the Euro, the Singapore dollar, and the …

Ripple CTO, David Schwartz, reported that his YouTube channel was suspended on April 29. This news comes several days after his company filed a lawsuit against the social media platform, although the two events may not be related. "Weirdly, YouTube just decided to suspend my channel (SJoelKatz) for impersonation," Schwartz said in a Tweet. "I wonder who they think I was impersonating." The suspension comes after Ripple's lawsuit against YouTube The CTO's YouTube suspension occurred roughly eight days after his company, Ripple Labs, and company CEO, Brad Garlinghouse, filed a legal claim against the social video platform. The lawsuit stated …

Ripple has long occupied a controversial position in the cryptocurrency industry. The ascension of Ripple’s in-house token, XRP, to the position of the second-largest cryptocurrency by market cap was enough validation for some that the company was set to play a major role in the industry for many years to come. However, since those halcyon days, momentum has slowed, and aside from a few notable blips, the company has been dogged by rumors and a steady decline in XRP’s value. Ripple fails to make waves online Because of the ambitious philosophical goals at the heart of the cryptocurrency ecosystem, it …

This week’s headlines from Japan included Mitsui & Co. Digital Asset Management kicking off its security token project, Coincheck's fiat exchange listing seven altcoins, FXCoin unveiling physical crypto trading and XRP remittance testing plans, and GMO Coin listing three more altcoins. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Security token company tests security tokens in real estate Looking to create blockchain-based security tokens, Mitsui & Co. Digital Asset Management, daughter of Japanese product and material trading giant, Mitsui & Co., recently kicked off an initiative called the "Digital Securities Project." As part …

Recently, altcoins have been showing strength as Bitcoin (BTC) has just broken a key resistance level. Notably, ChainLink (LINK) and Tezos (XTZ) have been moving up more than 150% in the past month. However, in the recent week, Stellar Lumens (XLM) have been surging upwards, while XRP price is also starting to look stronger on the charts. Can we expect substantial altcoin movements in the coming weeks? Let’s take a look at the charts. Crypto market daily performance. Source: Coin360 USDT pair holds crucial level for XRP XRP USDT 12-hour chart. Source: TradingView The 12-hour chart is showing a promising …

Ripple looks to have lost its second executive of 2020 after Head of XRP Markets, Miguel Vias, updated his LinkedIn status to signal the end of his tenure with the company. Vias joined Ripple in late 2016 after a five year role as CME Group’s Global Head of Precious Metals Options. In his three and a half years at Ripple, Vias was in charge of devising a partnership strategy for xRapid, and oversaw XRP sales exceeding $1 billion in value. Miguel Vias’ LinkedIn status shows the end of his 3.5 year tenure at Ripple. Source: LinkedIn The sudden end of …