Breaking News: Ripple´s Co-Founder Hacked for Over $100M
TL;DR The hack: 213 million XRP ($112M) stolen, triggering concerns and illicit transactions. Impact on XRP: XRP price falls to $0.5070, aggravating bearish trend with -19%
Ripple is a digital payment protocol and cryptocurrency founded in 2012. Its native cryptocurrency, XRP, is used to facilitate fast and low-cost international money transfers.
Ripple’s network operates on a decentralized blockchain, but unlike Bitcoin and other cryptocurrencies, it does not require mining. Instead, transactions are validated through a consensus algorithm, which allows for faster processing times and lower fees. Ripple’s technology has been adopted by various financial institutions and payment networks, making it a popular choice for cross-border payments and remittances.
TL;DR The hack: 213 million XRP ($112M) stolen, triggering concerns and illicit transactions. Impact on XRP: XRP price falls to $0.5070, aggravating bearish trend with -19%
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The U.S. Securities and Exchange Commission (SEC) has escalated its legal stance against Ripple. The regulatory body filed a new request to compel Ripple to provide
In the recent SEC v. Coinbase hearing, Ripple’s Chief Legal Officer, Stuart Alderoty, has exposed what he alleges to be significant misconduct by the SEC. Alderoty’s
In the dynamic world of digital currencies, David Schwartz, Ripple’s CTO, recently addressed the crypto community’s concerns about the absence of the genesis block on the
Ripple, the San Francisco-based fintech firm, decided to pause its plans to go public in the United States. Ripple CEO, Brad Garlinghouse, announced at the World
Bitfinex, the renowned cryptocurrency exchange platform, recently faced a hacking attempt involving an attack known as “Partial Payments Exploit.” Paolo Ardoino, CTO of Bitfinex, revealed that
In the ongoing legal conflict between Ripple Labs Inc. and the SEC, both parties have filed new motions that highlight the current phase of the legal
Amid growing expectations about the possible arrival of a Ripple (XRP) Exchange-Traded Fund (ETF) in the United States during 2024, Bloomberg Intelligence analyst James Seyffart sheds
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