XRP gains from the month of February were erased over the past two weeks as the altcoin returned to its late January price at $0.23 today. The majority of the losses appear to be caused by the massive correction in traditional markets, which caused a sharp downturn for Bitcoin and many altcoins. As reported by Cointelegraph, analysts now view the correction as a major setback, raising doubts about the future of the long-awaited bull market. Cryptocurrency market daily overview. Source: Coin360 XRP is one of the most frequently mentioned cryptocurrencies on social media platforms, especially, Twitter. As discussed in the …

Justin Sun, the founder and CEO of Tron (TRX), the 15th biggest cryptocurrency by market cap, is investing in a number of cryptos other than Bitcoin (BTC). In a Feb. 23 interview with CNN, Tron CEO said that he is a long-term believer in cryptocurrencies and owns a stake in many altcoins, including the two largest coins after Bitcoin — Ether (ETH) and XRP. Tron CEO predicts that Bitcoin will cross $100,000 mark in 2025 When asked whether Sun has its crypto portfolio diversified, the Tron CEO answered: “I own a lot of XRP and Ethereum, too. I’m like a …

A recent Medium post from blockchain monitor Whale Alert showed that Stellar CTO Jed McCaleb sold off more than 1 billion XRP between 2014 and 2019. The post attempted to analyze whether or not McCaleb’s sale of XRP will affect the price of the crypto. Whale Alert noted that compared with other total trade volumes per day, the amount McCaleb is selling seems insignificant. Following up on this, McCaleb told Cointelegraph in an interview that it’s strange that so many people are focused on his recent trading of XRP, noting that others have sold much more in comparison. He said: …

Bitcoin (BTC) price has fallen further dropping about $300 in less than one hour on Sunday, Feb. 16, though paring some losses since with a bounce from $9,600 to $9,790 at press time. Crypto market 1-day price chart. Source: Coin360 Bad weekend for Bitcoin price bulls Most other cryptocurrencies fared much worse, however, as evidenced by Bitcoin’s market dominance rising one percent from yesterday to 63.2%. The bad weekend for the bulls began on Saturday after losing the $10,000 level. Today, BTC/USD tumbled further and bounced off a key resistance level at around $9,600, which also happens to be the …

Earlier this year, Ripple CEO Brad Garlinghouse responded to controversy surrounding XRP movements by saying that Ripple cannot control the price of its associated token any more than Bitcoin (BTC) whales control the price of the seminal cryptocurrency. Regarding Ripple’s relationship with XRP, he said, “In the XRP community, Ripple is the largest owner, and the point I have made is we’re the most interested party in the success of the XRP ecosystem.” He added that Ripple would never dump its XRP holdings into the market, as doing so is not in the firm’s best interests. Since taking the helm …

Remittances giant MoneyGram announced a new service allowing real-time money sending, but the solutions of its blockchain partner Ripple are not involved. MoneyGram recently announced FastSend, a new service that allows its customers to send money in real-time to a phone number via a dedicated website or mobile application. Still, the firm’s answers to Cointelegraph’s inquiries revealed that surprisingly MoneyGram’s latest product does not make use of Ripple’s technology. You don’t need blockchain for real-time settlements Kamila Chytil, MoneyGram Chief Operating Officer explained to Cointelegraph that FastSend uses Visa’s Direct Original Credit Transaction to deliver funds to bank accounts through …

Bitcoin (BTC) has reached a record-high price for the year, and as the run-up to $10,000 occurred, Weiss Crypto Rating updated the asset to an A-. Recent news has also hinted at the possibility of the crypto market making a new bull run, which some analysts believe could lead Bitcoin’s price to reach a new all-time high, as reported by Cointelegraph. Meanwhile, altcoins have continued their multi-week surge, even outperforming Bitcoin’s cumulative returns since the start of the year and reconfirming the upward trend predicted by analysts. Cryptocurrency market monthly overview. Source: Coin360 Previous analysis has shown that particular days …

Commissioner Hester Peirce of the United States Securities and Exchange Commission is known for her work on the regulator’s approach to crypto, enough to have earned the moniker “CryptoMom.” On Thursday, Feb. 6, she presented a new proposal looking to build a safe harbor for networks in their infancy seeking to avoid classification as securities. On Feb. 10, Cointelegraph got the chance to speak with the commissioner at greater length about her goals and hopes for the proposal. What is a safe harbor and why don’t firms want tokens to be securities? Briefly, Peirce’s proposal seeking to give tokens run …

On the heels of new Anti-Money Laundering laws, several German banks are reported to be seeking regulators’ go-ahead to offer digital assets services. Local newspaper Handelsblatt reported on Feb. 7 that Germany’s Federal Financial Supervisory Authority (BaFin) is dealing with a cascade of applications from 40 banks seeking to become regulated cryptocurrency custodians. As of Jan. 2020, new legislation has permitted banks to extend their offerings beyond traditional securities such as stocks and bonds to include cryptocurrencies, like Bitcoin (BTC), Ether (ETH) and XRP. “Both a blessing and a curse” As Handelsblatt notes, the new legislation gives those institutions that …

Controversial altcoin XRP is still “proving” itself, but Bitcoin (BTC) remains the recommended investment choice in the cryptocurrency world, Mike Novogratz says. In a series of tweets on Feb. 6, venture capitalist Novogratz, who is also CEO of the cryptocurrency merchant bank, Galaxy Digital, delivered modest praise of XRP and Ripple, the company which owns more of it than anyone else. Novogratz “surprised” by XRP performance “This year the broader alt market, including $XRP has outperformed $BTC. This has surprised me,” he wrote. “That said, I see more and more large accounts getting educated and set up to be accumulators …

Altcoin investors had much to celebrate on Feb. 6 as NEM (XEM) led a resurgence in the price of many major cryptocurrencies. Cryptocurrency market daily overview. Source: Coin360 NEM hits six-month high Data from Coin360 and Cointelegraph Markets showed XEM making gains of nearly 25% overnight on Wednesday, returning above $0.06 per token for the first time since August 2019. NEM 6-month price chart. Source: Coin360 The move comes as other altcoins saw fresh gains, with several in the top twenty by market cap expanding by more than 10%. Tezos (XTZ) sealed monthly gains of 80%, beating even Bitcoin’s (BTC) …

2020 could be the year that crypto companies step forward and take the plunge into going public. As the biggest players in the industry cautiously watch for opportunities to gain regulatory approval, Ripple CEO Brad Garlinghouse used the prestigious Davos World Economic Forum summit to announce that the firm was considering an initial public offering later on in the year. Crypto companies looking to go public face a paradox. Financial firms often have to meet stringent regulatory standards. Failing to adequately reassure regulators can result in companies being frozen out of lucrative markets or forced to shut down altogether. But …