The equity of Ripple, the company that builds the infrastructure around XRP — the digital asset used by networks like RippleNet to process cross-border payments — is reportedly trading at $2 to $3 billion in the secondary market. Yet, the XRP holdings of Ripple are reportedly worth $70 billion, which is many times higher than the valuation of the firm’s equity. Returns over last year... Cardano $ADA: +3,290% BinanceCoin $BNB: +3,058% Polkadot $DOT: +1,353% Ethereum $ETH: +1,171% Uniswap $UNI: +953% Chainlink $LINK: +875% Bitcoin $BTC: +728% XRP $XRP: +532% Litecoin $LTC: +406% Bitcoin Cash $BCH: +161% Gold: +3% US Dollar …

Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s XRP looks to be leading the way with a push as high as 30% on the daily — carried on the back of a string of legal victories and rumors of relisting at some exchanges. Where Bitcoin (BTC) and Ether (ETH) are up merely 2.7% and 3.4%, respectively, on the day, XRP climbed to $1.36 before retreating to $1.32, where it sits at the time of publication. The digital currency is now up 111% on a seven-day basis and a staggering 544% on the year. The recent push has also buoyed …

Ether (ETH) is likely to outperform Bitcoin (BTC), at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cointelegraph. Alt season is upon us Melker sees this period of Bitcoin’s price consolidation as particularly bullish for the second-largest cryptocurrency, which recently reached new all-time highs. Melker sees Ether’s outstanding performance as the main catalyst of the recent altcoin market bull run. He also revealed he has been largely switching his dollar-cost averaging strategy from Bitcoin to Ether in the last few months, in order to take advantage of Ethereum’s “tremendous upside potential.” “It’s like …

Hong Kong tech company Meitu revealed on April 8 that it had added $10 million worth of Bitcoin (BTC) to its holdings which were purchased at an average rate of $57,000 per coin. After the latest purchase, Meitu’s total cryptocurrency portfolio consists of $49.5 million worth of Bitcoin and $50.5 million worth of Ether (ETH). This acquisition shows that institutional investors are confident that the rally in Bitcoin is still in its early stages. Tom Jessop, Fidelity’s head of the crypto division, believes that Bitcoin has reached a tipping point and that traditional finance companies will continue to adopt cryptocurrency …

David Schwartz, chief technology officer of Ripple Labs, said United States regulators’ response to the crypto industry may help XRP in the end but is also likely to hurt burgeoning companies. The Ripple chief technology officer told Cointelegraph he believes many crypto and blockchain firms considering getting started in the United States or relocating from abroad face a deterring regulatory environment. He described U.S. regulators as "overlapping regimes" wherein bodies like the Securities and Exchange Commission, Financial Crimes Enforcement Network, and Commodity Futures Trading Commission might not come to a consensus as to what a security is versus a currency …

XRP price's journey to $1 this year has been nothing short of spectacular, considering the ongoing Securities and Exchange Commission lawsuit against Ripple initiated in December 2020. The regulator alleges that XRP was a $1.3 billion unregistered securities offering, and both CEO Brad Garlinghouse and co-founder Christian Larsen are also in the crosshairs. On Tuesday, Ripple Labs was granted access to the SEC's documents "expressing the agency's interpretation or views" on the subject of crypto assets. Such news coincided with an explosive 75% rally in 30 hours, causing XRP to cross the $1 mark for the first time since March …

After the United States Securities and Exchange Commission initiated a lawsuit against Ripple alleging that the firm had been indulging in the sale of securities worth $1.3 billion, a number of prominent exchanges across the globe (including Coinbase, Kraken and Okcoin) proceeded to delist Ripple’s native cryptocurrency, XRP, from their platforms. As a result, many across the globe thought it was just a matter of time before the once-promising project died a slow-but-sure death; however, it seems that XRP has been on a tear ever since the bad news dropped, with the cryptocurrency’s value having risen by over 100% since …

The Ripple community has launched a new petition to “stop the war” on XRP. Crypto & Policy founder Thomas Hodge has started a Change.org petition directed at Securities and Exchange Commission chair nominee Gary Gensler, asking him to end the SEC’s lawsuit against Ripple once he’s confirmed as chairman of the commission. Announcing the news Wednesday, Crypto & Policy called on Gensler to investigate the potential motives of former SEC chair Jay Clayton and his SEC Director of Corporate Finance William Hinman for “favoring” Bitcoin (BTC) and Ether (ETH) while harming XRP. The petition alleges that Clayton and Hinman could …

According to CoinShares, the institutional inflow into crypto products hit $4.5 billion in Q1, which is 11% higher than the intake seen in Q4 2020. This shows that institutional interest is on the rise but the quarter-on-quarter growth has slowed down from the 240% recorded in Q4 2020. As Bitcoin price moves higher, more funds are needed to sustain the levels. Therefore, if institutional inflows do not pick up in the next few days, Bitcoin (BTC) and other altcoins could witness a major correction. The next correction could test the resolve of institutional investors and even though these investors have …

Ripple Labs has been granted access to the United States Securities and Exchange Commission’s documents “expressing the agency’s interpretation or views” on the subject of crypto assets. According to Law360, U.S. Magistrate Judge Sarah Netburn granted the defendants’ motion “in large part,” determining that SEC minutes or memos concerning crypto are likely discoverable. Netburn asserted staff-to-staff email communications do not need to be produced. Netburn also allowed for the SEC and Ripple to raise disputes with the ruling. In December, the SEC filed a lawsuit alleging Ripple Labs, its CEO Brad Garlinghouse, and chairman Christian Larsen, had raised $1.38 billion …

Bitcoin (BTC) reversed recent gains to lose 1.5% on April 6 as bulls were kept frustrated with no sign of an attack on all-time highs Bitcoin will "likely" squash $60,000 resistance Cointelegraph Markets Pro and TradingView showed local lows of $57,340 hitting during Tuesday after another failed attempt at tackling $60,000 resistance. Despite being a matter of thousands of dollars away from all-time highs of $61,700, BTC/USD has been unable to drive sellers away for good. While thinning out, the last band of resistance has remained in place. This slowdown in the 2020–2021 bull market has alarmed some, but professional …

The price of XRP has surpassed $1 on Tuesday for the first time since March 2018, putting its market valuation at around $47 billion. Moreover, the fourth-largest cryptocurrency in the global market has broken out against the Bitcoin (BTC) pair, causing it to see significant technical momentum. Mostly a technical rally, not too many fundamentals When XRP was hovering at around $0.75, cryptocurrency traders noted that XRP’s market structure was bullish. Cantering Clark, a cryptocurrency derivatives trader, said that XRP has all the technical components to rally. Since then, XRP has rallied from $0.75 to over $1. On Tuesday, Clark …