David Schwartz, Ripple's former CTO, clarified that XRP is not used to secure consensus on the XRP Ledger (XRPL). Unlike proof of stake systems, XRP does not influence consensus because using it would centralize control with Ripple. Instead, XRPL relies on validators chosen by network participants, promoting decentralization without financial incentives. Schwartz argues that artificial rewards harm network reliability and that natural incentives are best for blockchain consensus.
XRP's price has remained largely flat in early June despite claims that large holders have quietly accumulated about 1.2 billion tokens through over-the-counter (OTC) trades. This off-exchange buying could reduce liquid supply on public exchanges, po...
Ripple has integrated its RLUSD stablecoin with Wormhole's cross-chain protocol, enabling RLUSD to operate natively across more than 40 blockchain networks, including Ethereum layer-2s like Base, Optimism, Ink, and Unichain, plus the XRP Ledger EVM s...
Bitcoin ETFs experienced $396.6 million in outflows on June 3, marking the 13th consecutive day of net redemptions, with Blackrock's IBIT fund leading withdrawals. Ether ETFs also extended their losing streak to 17 days, losing $52.94 million, mainly...
Dave Portnoy, founder of Barstool Sports, announced he will not sell his XRP and Bitcoin holdings despite suffering multimillion-dollar losses due to a prolonged crypto market downturn. He revealed that his XRP position, bought near a peak at $1.70, ...
XRP fell almost 5% on June 4, entering a historically weak month for the cryptocurrency during U.S. midterm election years, with prior June losses ranging from 17% to 39%. Despite this, XRP investment products saw $20.3 million in weekly inflows, eve...
