XRP News

XRP is a digital asset created by Ripple Labs in 2012, designed to facilitate fast, low-cost cross-border payments and serve as a bridge currency between traditional fiat currencies. Unlike Bitcoin's proof-of-work consensus, XRP operates on the XRP Ledger, a decentralized blockchain that uses a unique consensus protocol to validate transactions in seconds rather than minutes.

The XRP ecosystem centers around financial institutions, payment providers, and banks seeking to modernize their cross-border payment infrastructure. Ripple's On-Demand Liquidity service leverages XRP to eliminate the need for pre-funded nostro accounts, while independent developers continue building applications on the XRP Ledger's native decentralized exchange and smart contract capabilities.

At CoinDesk, we provide comprehensive coverage of XRP news, from regulatory developments and institutional adoption to technological upgrades and market analysis. Our reporters track the ongoing legal proceedings between Ripple and the SEC, partnerships with global financial institutions, and the broader implications for cryptocurrency regulation.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Markets

Ripple’s XRP Token Surges 96% After Partial Victory in SEC Lawsuit

XRP climbed as high as 93 cents at one point, its highest level since March 2022.

By Sage D. YoungJul 13, 2023

Policy

Hinman Documents Release in SEC-Ripple Case Is a Boost to Ether: JPMorgan

The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said.

By Will CannyJun 19, 2023

Policy

Ripple, SEC Seem to Agree About Not Taking Hinman Speech Seriously

SEC emails illuminated ex-official Hinman’s 2018 view on ETH, which Ripple’s top lawyer said was used to ‘destroy and disrupt’ U.S. crypto, but this probably won’t steer agency policy.

By Jesse HamiltonJun 15, 2023

Frax Ether promises above-average ether staking yields. (ClaudiaWollesen/Pixabay)

Videos

'No Other Country' Considers XRP as a Security, Ripple Legal Chief Says

Ripple chief legal officer Stuart Alderoty discusses the blockchain firm's compliance with regulators around the world and the pressure they have faced in the United States. "There's only one regulator in one country in the world that has ever suggested that XRP should be registered as a security and that's the SEC in the United States of America," he added.

Jun 15, 2023

Policy

Colombia’s Central Bank Partners with Ripple to Explore Blockchain Use Cases

The Latin American country will conduct a pilot to test Ripple's technology for its high-value payments system.

By Andrés EnglerJun 15, 2023

Bandera de Colombia. (Flavia Carpio/Unsplash)

Markets

XRP Tumbles 8%, Erasing Price Gains from ‘Hinman Emails’ in Ripple Lawsuit

The token fell to as low as 46.18 cents, its lowest level this month, as crypto markets sold off Wednesday afternoon.

By Krisztian SandorJun 14, 2023

Learn

Why William Hinman`s Emails Matter to the XRP Army and the Crypto’s Price

Recently released emails from former SEC director William Hinman have rallied the XRP troops, but the documents are not a smoking gun.

By David Z. MorrisJun 14, 2023

Opinion

Ripple Does Not Care Whether XRP Is 'Sufficiently Decentralized'

Common interpretations of the so-called Hinman document dump misunderstand Ripple’s legal strategy.

By Daniel KuhnJun 13, 2023

Brad Garlinghouse, Ripple CEO, speaks at Davos 2020. (CoinDesk)

Policy

Hinman Emails Reveal 2018 Speech on Ether Drew Input From Multiple SEC Officials

A number of SEC officials deliberated about how clear the famous speech actually was about ETH’s status.

By Nikhilesh DeJun 13, 2023

Markets

XRP Prices Jump as Hinman Speech Released in Ripple Labs Filing

Hinman suggested in his 2018 speech that bitcoin (BTC) and ether (ETH) were not securities, in his view.

By Shaurya MalwaJun 13, 2023

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