David Schwartz, former CTO of Ripple, clarified that while a payment concept by Ryan Fugger in 2004 predated Bitcoin by five years, the XRP token and XRP Ledger were launched in 2012, three years after Bitcoin's inception. Fugger's early design was a trust-based credit network without decentralized assets or a native token, distinguishing it from Bitcoin's open bearer assets secured by proof of work. This distinction is important as it separates the idea from the actual cryptocurrency XRP, which came later. Meanwhile, Ripple is expanding its regulatory presence in Europe with MiCA approval, signaling growth beyond the origins debate.
Flare CEO Hugo Philion argues that Ripple CTO David Schwartz underestimates the lending potential on the XRP Ledger (XRPL). While Ripple's native lending protocol XLS-66 remains stalled, Flare has developed a workaround using Protocol Managed Wallets...
The crypto market cap fell 3.8%, losing about $115.5 billion in value, with Bitcoin down 4.3%, Ethereum 5.8%, XRP 6.3%, and Solana 4.9% over 24 hours. This decline is attributed to a leverage flush as traders closed long positions ahead of Federal Re...
XRP's price dropped below critical support between $1.45 and $1.55 due to a large liquidation of over-leveraged long positions, totaling $12.82 million out of $13.31 million liquidated. This unusual imbalance favors short-sellers in the short term, b...
The share of circulating XRP tokens in profit has reached 57.17%, the highest level since January, as XRP trades near $1.51. This metric shows the portion of XRP last bought below the current price, indicating more holders are in profit amid recent p...
Dogecoin led losses among major cryptocurrencies, dropping about 7% to $0.089 as Bitcoin, Ethereum, and XRP also declined amid a broad market selloff. The selloff is linked to rising oil prices above $100 per barrel, higher U.S. Treasury yields surpa...
