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Ripple News

Ripple Is Selling XRP At Discount To Institutional Buyers

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Ripple Is Selling XRP At Discount To Institutional Buyers FILEminimizer - Ripple Is Selling XRP At Discount To Institutional Buyers
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The CEO of Ripple is selling XRP to some institutional buyers at major discounts, reports in the latest cryptocurrency news show. We are talking about Brad Garlinghouse, the CEO of the California-based blockchain startup, who recently confirmed that XRP is sold at discount for some of its clients.

Garlinghouse was in the altcoin news after his interview with CNN, when he was asked at what price does the Ripple sell XRP to financial institutions which they are dealing with – and whether the startup gives these institutions discounts and if there is any lockup. The CEO noted that there are times when Ripple is working with financial institutions which want to buy a large amount of XRP. He said that Ripple is selling XRP to them but also that they are careful about any potential lockups which may prevent them from dumping it on the market.

“We would hypothetically have restrictions about what they can sell and how often, and usually those are based upon volume in the market,” Garlinghouse noted.

He also talked about the price at which XRP is sold, being featured in the coming altcoin news for his unique response to the interviewer’s question:

CNN asked “So you might give them it slightly cheaper but you say to them, ‘hey, you’re not allowed to sell it for six months, let’s say, or a year’,” on which the CEO of ripple replied “Correct, that’s basically correct,” even though the rest of his statement was cut off.

Also, the CNN interviewer asked Garlinghouse about the proportion of ownership that Ripple has currently, as well as its amount of power and ability to control the price. The CEO replied that Ripple is still the largest owner in the XRP community and that they would never dump XRP which would go “against their best interest.” Garlinghouse also said that the team has “taken steps to lock up most of the XRP we own in escrow, so that we can’t touch it.”

What’s also interesting is the fact that in August, the CEO of Ripple has confirmed that Ripple hasn’t increased – but instead decreased its sales by volume Q/Q and since then, the inflation rate of XRP and the circulating supply has been lower than the one of BTC and ETH. In value, sales for Ripple increased by 48% which is probably another reason why Ripple is selling XRP with a discounts – to trigger further growth.

In either case, the company confirmed that it “plans to take a more conservative approach to XRP sales” in Q3 this year. The interview was featured on many best cryptocurrency news sites.

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Ripple News

Crypto Trader Says He Is “Immediately Bullish” On Ripple’s XRP

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crypto trader says
A crypto trader named 'NebraskanGooner' reently published the list of cryptocurrencies that, in his opinion, are heading for bigger price gains. The crypto trader says that he is immediately bullish on Ripple's XRP token and that Stellar (XLM) will follow.You can check out his tweet below.https://twitter.com/nebraskangooner/status/1183566561451356160As the recent crypto news show, Ripple's XRP is in the focus because of its recent surge that was triggered by a couple of other coins, too. In fact, XRP is the hottest topic on crypto Twitter right now.Another trader recently predicted that the third biggest cryptocurrency was on the verge of its biggest moment throughout the year which is weeks ahead of the Ripple's Swell event that is slated for November 7 and November 8. As we can see in the tweet, the crypto trader says that Basic Attention Token (BAT), Binance Coin (BNB) and Chainlink (LINK) are all in the focus.In the meantime, another crypto trader says that XRP hitting $589 would be the best Christmas gift for him. Even though this is quite unrealistic, the trader @TheCryptoDog got a lot of support on Twitter.https://twitter.com/TheCryptoDog/status/1183612211836657665'NebraskanGooner' also states that Stellar (XLM) is very likely to follow the XRP price action. As the XRP news today show, the coin is still in a bullish momentum and may drag XLM along with it, the crypto trader says.What we can see is that on September 18, the XLM price increased by an eye-popping 40% which greatly outperformed the rest of the coins and seemed attractive to many new traders. However, the gains immediately vanished after a huge market crash took place on September 24.Other notable altcoins that piqued the trader's interest include the Basic Attention Token (BAT), Binance Coin (BNB) and Litecoin (LTC). Chainlink is also among the hottest crypto tokens right now and the hottest coin last week - featured in the news as "an attractive buying opportunity" for many traders.Meanwhile, the market shows green today. For Bitcoin (BTC), the situation remains unchanged while Ethereum (ETH) is rising by 0.90% followed by Ripple and its 4.32% run. Litecoin (LTC) and EOS (EOS) are rising by 1% and Binance Coin (BNB) is up by 2.71%, accordingly.
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Binance Coin News

Weekly Altcoin Recap: BNB Leads With 23% Growth, LINK, HT, XRP Follow

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weekly altcoin recap
The latest cryptocurrency news bring us to the weekly altcoin recap, where several altcoins seem to be rallying. The action was first seen by Binance Coin (BNB) which led the altcoim market with a growth of 23%, followed by Chainlink (LINK), Ripple's XRP token, the Huobi Token (HT) and others.It all started when the SEC rejected the Bitcoin ETF application from Bitwise Asset Management and NYSE Arca. Next, the governing body obtained a temporary restraining order against Telegram and its subsidiary Telegram Open Network (TON) for hosting a securities sale which could spike with the distribution of Gram (GRM) tokens within the US.However, what's positive is the weekly altcoin recap - well, at least for a couple of coins - where we can see that the markets have held their own and have not collapsed. Below, we are listing the updates by altcoin.BNB/USDThe Binance Coin news were the most featured last week, mostly because BNB has made a comeback after a long absence. Ever since the exchange behind this coin (Binance) launched its lending product which allows owners to earn a percentage yield of as high as 10% for a few cryptocurrencies, the BNB token got featured and gained 23% over the past month.HT/USDNext up is the Huobi Token (HT) which was also featured in the news for rallying just above 10% in the past seven days. This turned out to be the third best performer in the market. Investors are now wondering if HT has bottomed out and is now ready for the next leg of its upside move.XRP/USDRipple recently merged three of its services (xRapid, xVia and xCurrent) into its RippleNet offering. This is how XRP is in the weekly altcoin recap and how the company is getting in the spotlight. If we study XRP's chart, we will see that the selling pressure has subsided and XRP is in a good momentum now.LINK/USDLast in the weekly altcoin recap is the LINK/USD pair which recently closed above $2.0531 and triggered out the buy for many traders. Even though the bulls pushed the price above $2.8498 during the week, they haven't been able to sustain the breakout. If the bulls can propel LINK above $3, we could see a further surge and expect the very best from this altcoin
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Ripple News

Ripple Invests $750,000 To Bring XRP To Crypto Wallet BRD

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Ripple Invests 750000 To Bring XRP To Crypto Wallet BRD FILEminimizer - Ripple Invests $750,000 To Bring XRP To Crypto Wallet BRD
The mobile wallet provider BRD is officially partnering with Ripple's Xpring initiative in order to boost adoption of the native token, XRP. According to an official announcement which went viral in the Ripple XRP news this Friday, Ripple invests $750,000 into BRD as part of its main goal to "build the internet of value" where BRD will integrate XRP and begin building on Xpring's developer platform.
“The partnership and investment will enable BRD users to hold, buy, sell and send XRP to anyone in the world,” a press release noted.
The senior vice president of Xpring praised BRD and said that it is “one of the oldest and most respected” mobile wallet providers in the space. Now that Ripple invests $750k in it, he is certain that the wallet will be even more popular and will help in mainstream adoption of cryptocurrencies.
“The BRD team has helped consumers on-ramp $6 [billion] worth of traditional currencies into digital currency, making them an ideal partner to continue the proliferation and adoption of cryptocurrencies like XRP to solve real-world problems,” he added.
The CEO of BRD seems excited as Ripple invests in the mobile wallet. As he said in a statement, “we’re incredibly excited about joining forces with Ripple to bring XRP to our user base." Adam Traidman also noted the following:
“Ripple understands the need for a strong wallet partner as they push into key markets like cross-border banking and remittance, so we are thrilled to help them achieve their goals. In addition, it is our plan to have BRD be the cheapest and easiest place to buy XRP moving forward.”
Meanwhile, BRD announced support for XRP earlier this month right after Ripple's Xpring started offering a software development kit for companies that integrate XRP and fiat payments in its different applications.The wallet already supported Bitcoin, Bitcoin Cash, Ethereum, ERC-20 tokens and DAI, all of which allows customers to purchase Bitcoin, Ethereum and DAI using ACH wire transfers.In the market news, we can see that Ripple (XRP) is trading with a 1% increase today and is stable at $0.2788 with a market cap of $12.04 billion.
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Ripple News

Ripple’s Transparency Opened The Network To An Attack: Garlinghouse

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Ripple's transparency
Ripple’s transparency seems to have opened the gates to the network and became vulnerable to attacks according to Ripple’s CEO Brad Garlingouse as we are about to read further in the Ripple news below.In an interview with the Off-Chain podcast with the Morgan Creek Digital Assets co-founder Anthony Pompliano, Garlinghouse noted that there is a lot of misinformation out there but he made clear that this is partly because Ripple is ‘’ten or hundred times more transparent than anyone in the crypto community’’:
 “Our transparency has opened us up to attack [...] Ripple has tried to lead by example.”
Pompliano revealed that most of the questions by the listeners’ referred to the high-profile controversy over Ripple’s handling of the XRP tokens sales to which the CEO explained his earlier reassurance that the company will choose to dump the tokens and depreciate XRP’s value. He outlined that Ripple manages its XRP token holdings and that the company created 55 escrows each containing 1 Billion XRP that becomes unlocked once a month. Once it was released, he said that Ripple returns 80 percent of the XRP back into the newly-created escrows for the future. He also pointed out that while Ripple may own the escrows, they have cryptographic signage on their contracts which means that the company cannot open them at its behest.With the remaining released XRP tokens, Garlingouse explained that Ripple will either sell the tokens programmatically or OTC to institutional clients wanting bigger exposure to XRP. The market has become more liquid and he said that these OTC sales are declining and Ripple refers to these clients elsewhere. He also estimated that Ripple sells XRP at 10 basis points of daily market volume but also made the claim that Ripple is the only example of crypto and blockchain being used at a scale. Ripple seems to be the only project out there that has passed the experimentation phase and moved onto scaled implementation.Ripple’s transparency, on the other hand, is one of the strongest assets of the cryptocurrency. Garlinghouse noted that a lot of former Bitcoin engineers as well as Ripple founders were involved in the creation of the XRP ledger but underscored that the ledger was created before the company existed as we noted in the latest crypto news.
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