Bitcoin (BTC) Price Consolidation, Ripple (XRP) Developments, and More: Bits Recap Feb 19
BTC has been recently sitting around the $52K mark, while the lawsuit between Ripple and the SEC nears an important
Ripple is a protocol that has its native cryptocurrency. The platform represents an open-source protocol that is intended to allow for quick and cheap transactions.
The cryptocurrency that the platform uses is called XRP. It is one of the veterans in the space, and since 2014 it’s showing up consistently among the top cryptocurrencies by market cap.
Unlike the majority of the cryptocurrencies, Ripple doesn’t really have a blockchain, per se. Instead, they use their own patented technology called the Ripple Protocol Consensus Algorithm (RPCA).
The average transaction time for Ripple is a lot less than that of other major cryptocurrencies such as Bitcoin and Litecoin. This allows for quick international transactions, and that’s where the company places its focus – to be used as a medium of exchange for international and cross-border payments. This is why the company has entered into a few partnerships with some banking systems. Among the banks that work with Ripple include Santander, Rendimento, and Interbank.
Naturally, there are also some downsides to Ripple, mainly stemming from the fact that it is centralized, which goes against a lot of what cryptocurrency proponents stand for.
BTC has been recently sitting around the $52K mark, while the lawsuit between Ripple and the SEC nears an important
UK asset manager recently cancelled its investment in an XRP ETP in Ireland. Here's why.
Ripple announced the strategic acquisition of a company with multiple important licenses.
Rumors of a Ripple v. SEC settlement are running rampant, but this lawyer urges for caution.
Find out the most recent status update on the landmark case between the SEC and Ripple.
Metaco is yet to announce the employees who will fill in those roles.
New research on the Ripple incident from the end of last month reveal some very curioous information.
Ripple has been sending millions worth of XRP to Bitstamp and also shifting tokens to different addresses in the past
The Securities and Exchange Commission (SEC) has scored a win in its ongoing legal dispute with Ripple.
Ripple will be announcing important product updates associated with the US market. Find out more.