Ripple’s XRP is rising in price, but the reasons are not entirely clear. Between 11:00 am and 3:00 pm UTC today, XRP gained approximately 20% in value, based on data from TradingView.com. The asset has rallied about 83% total since Friday and is up roughly 98% since Wednesday. XRP’s price rally seemingly lacks any specific news-related catalyst. Information has surfaced regarding the inclusion of Bank of America to Ripple’s payment network, RippleNet, based on a Monday brief from media outlet Ripple News. However, looking at the Wayback Machine — a platform that allows users to browse historical snapshots of websites …

Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies, or CBDCs. According to a recent job posting by Ripple, the firm is seeking a senior director of central bank engagements focusing on supporting CBDC initiatives with Ripple’s real-time gross settlement system, XRP Ledger. With the new position, Ripple is looking to define its CBDC strategy with central banks, build relationships and projects, as well as educate global central bankers, the job posting notes. The position requires over 10 years of experience in technology sales or account management involving selling to …

Bitcoin (BTC) has been taking the spotlight in recent months, but altcoins have started to finally follow the number one cryptocurrency. Several large caps have been making double digits runs in the previous days, resulting in a mini altseason. Not only has Ether (ETH) soared above $500, but Litecoin (LTC) also gained 40% in the previous week. However, XRP (XRP) is currently taking the spotlight with a daily rally of more than 20% and a new yearly high after gaining more than 50% in the past week. XRP breaking through crucial resistance at $0.30 The higher timeframes show a crucial …

Ripple CEO Brad Garlinghouse may be a critic of Bitcoin (BTC), but he still wants the original cryptocurrency to succeed in the long run. Appearing on a Nov. 19 episode of Fortune’s Brainstorm podcast, Garlinghouse reportedly said Bitcoin is not competing with Ripple and that he continues to hold the number one cryptocurrency: “I don’t view what Ripple is doing as somehow competitive with Bitcoin. I want Bitcoin to be successful.” He implied that, during the next bull market, a Bitcoin rally bodes well for other cryptocurrencies. Bitcoin has a large gravitational pull on other digital assets, including XRP, due …

Ripple, the developer of various XRP-based products, has filed yet another new trademark with the United States Patent and Trademark Office, or USPTO. Filed on Nov. 6, a filing for the trademark “PayString” gives scant information as to which business or product will be marketed under its canopy. Indeed, the trademark registration description is identical to that used for Ripple’s “Ripplenet” filing earlier this year. According to this description, PayString covers the span of different categories of electronic financial services: the use of fiat and digital currencies for remittances and gifts; receiving and disbursing electronic payments in fiat and digital …

The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life. Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred from Dec. 7 to 20 in 2017, with the highest close occurring on Dec. 16 at $19,378. Any investor who bought at the all-time high of $20,089 would still be down 18.35%. In contrast, investors who bought at this cycle’s low of $3,126 …

Veteran trader and chart analyst Peter Brandt is the latest figure in the cryptocurrency community to dispute the regulatory status of XRP. According to the chartist, XRP — the fourth-largest cryptocurrency at publishing time — is a security, which means that the coin should fall under the regulatory purview of the United States Securities and Exchange Commission. “XRP would have been declared as a security if the SEC understood cryptos,” Brandt argued in a tweet on Nov. 10. Brandt’s comments came in response to a statement by Twitter user Rexiby crypto, who claimed that “XRP company owns almost half of …

Phishing attempts and scams against Ledger wallet owners are on the increase with one such scam netting more than 1,150,000 XRP from its victims. The scam used a phishing email that directed users to a fake version of the Ledger website that substituted a homoglyph in the URL — in this case a letter that looked like the letter ‘e’ but wasn’t. On the fake site, victims were fooled into downloading malware posing as a security update which drained the balance from their Ledger wallet. I got a txt message last night with my full name saying ledger security alert....to …

China’s central bank governor Yi Gang has said that the nation’s digital yuan pilot projects have processed transactions worth over $299 million without any major problems. This suggests that China is much ahead of its competitors in developing and studying the central bank digital currency (CBDC). However, the European Central Bank does not want to be left behind. European Central Bank President Christine Lagarde has invited comments from the public on whether they “would be happy to use a digital Euro just in the way they use a Euro coin or a Euro banknote.” Another central bank that is trying …

Amid a difficult year for the payments-focused cryptocurrency, Ripple’s CTO David Schwartz has recently taken to Twitter to discuss with community members why banks have been reluctant to adopt XRP as a bridge. During an exchange with a member of the Ripple community last week, Schwartz explained that there are a set of obstacles Ripple is facing that has led to banks' reluctance to use XRP to settle cross-border transactions. Schwartz wrote that he sees issues such as, “Regulatory uncertainty, last mile problems, fear of reprisals from existing partners," as preventing widespread adoption. Schwartz also stated that another reason for …

Bitcoin (BTC) gained almost 5% on Oct. 21 as bullish price action combined with fresh corporate adoption news to boost gains. Cryptocurrency market daily performance overview from Coin360 PayPal takes BTC price to $12,400 Data from Cointelegraph Markets and Coin360 showed a strong 24 hours for bulls on Wednesday, with BTC/USD topping out at $12,400. At press time, $12,300 formed the focal point, around an hour after Reuters reported that payment giant PayPal plans to support Bitcoin and other cryptocurrencies via its wallet and Venmo app from 2021. BTC/USD daily price chart. Source: Tradingview The announcement added to an already …

During the annual Swell conference, Ripple announced a contribution of $10 million to Mercy Corps to help it use digital assets in its work on developing financial inclusion in emerging markets. Mercy Corps is a nongovernmental, humanitarian aid organization that aims to create economic opportunities in countries where the financial system isn’t operating properly. The organization claims to have assisted over 220 million people survive various humanitarian conflicts. According to an announcement, Mercy Corps will partner with Ripple and its nonprofit RippleWorks to support solutions that include digital assets and cryptocurrencies. Speaking at the conference, Scott Onder, senior managing director …