Ripple, the company associated with the XRP cryptocurrency, had a closed-door meeting with the central bank of Brazil on May 30 to discuss “institutional matters”. According to the financial institution’s website, its president Roberto Campos Neto had a video conference with Ripple CEO Brad Garlinghouse and three other representatives of the crypto firm. There’s little detail about the talk since it was closed to the media, although the website mentions “institutional matters” as the meeting’s general purpose. Ripple’s Brazil plans Ripple’s ambitious plans for Latin America and Brazil in particular surfaced in June last year, when the company launched a …

On-Demand Liquidity (ODL) for XRP paired with the Australian dollar reached a new all-time high of 15,640,530 AUD on the exchange BTC Markets. According to a recent tweet from the Liquidity Index Bot, the liquidity index for BTC Markets for XRP/AUD climbed to 15,640,530 AUD — approximately 10.6 million USD — on June 2, exceeding the previous ATH value. The XRP liquidity in Australian markets has seen a fairly steady rise since the beginning of 2020, despite the price remaining close to 0.20 USD since May 10. Source: LiquidityB ODL network more popular than ever Cointelegraph reported Ripple’s ODL payments …

The tensions between the United States and China have escalated once again. This is bad news for the global economy, which is currently witnessing one of the worst crises since the Great Recession. If either the U.S. or China does not keep up its part of the trade deal, this could make matters worse. Scrapping of the Phase I trade deal could ultimately result in a huge sell-off in global equity markets. If uncertainty persists, investors might consider taking shelter in safe-haven assets like gold and Bitcoin (BTC), the top-ranked cryptocurrency on CoinMarketCap. History also favors a Bitcoin rally as …

As Bitcoin (BTC) has been consolidating recently, many majors have been showing strength with double-digit movements. For instance, Ethereum’s Ether (ETH) rallied from $195 to $245, while Cardano (ADA) rallied with 65% in the recent week. However, some relatively large altcoins are lagging heavily, and two of them are XRP and Stellar Lumens (XLM), the third and 13th cryptocurrencies by market capitalization, respectively. So, what’s next for them? Crypto market daily performance. Source: Coin360 1 billion XRP being dumped on the markets every month One of the fundamental reasons for XRP to lag behind the other majors is the monthly …

Speaking to Cointelegraph, the CEO of Ripple SBI Asia, Adam Traidman, predicted that the mining industry will continue to see hash rate migrate from east to west, asserting that he is already witnessing the transition begin. “We are seeing a huge interest [from][ wealthy Chinese miners who are paying somewhere on average of $0.03 to $0.05 per kilowatt-hour [...] in Texas at $0.025 and below — in some cases way below,” Traidman stated. Tensions between American and Chinese miners However, the Ripple SBI Asia head noted that relations between mining firms in Texas and China have been soured in the …

Institutional demand for Bitcoin remains high, even as the price turned down after the block reward halving. Some in the space believe that if institutional and retail demand picks up, there will be a severe shortage of (BTC), which can quickly push its price higher. A small example can be seen in the way crypto fund manager Grayscale Investments has been lapping up Bitcoin, the top-ranked cryptocurrency on CoinMarketCap. Since the halving, Grayscale alone has bought about 150% of the newly mined Bitcoin. If this pace of purchasing continues for a few more weeks, traders’ sentiment could turn decidedly bullish. …

Data from research firm Messari indicates that Ripple’s circulating supply (XRP) inflation rate is coming up to 20% for the latest financial year. Highest among the large-cap crypto assets, it is five times that of Bitcoin’s (BTC). Inflation vs. price Messari researcher Florent Moulin shared the information on Twitter stating that Bitcoin is up 20% since last year, but in contrast, XRP is down 47% —- alluding to some correlation between their price and circulating supply inflation rates. Moulin also compared how much of the max supply is in circulation, stating that Ripple has only 30% of their max supply …

Although Bitcoin (BTC) has weathered the current crisis and come out on top, Goldman Sachs only focused on the March 12 fall in a presentation to its clients. Using liberally interpreted information, Goldman appears to be discouraging their clients from diversifying their portfolios with Bitcoin allocations. Luckily, there are a few large players who understand the potential of cryptocurrencies. Kingdom Trust, a financial custodian that manages more than $13 billion in assets, has launched a retirement account dubbed “Choice”, which offers an opportunity to its clients to invest in the top-ranked cryptocurrency along with other traditional assets. Daily cryptocurrency market …

Ripple CEO Brad Garlinghouse has urged United States regulators “to step up and lean into digital currencies” to avoid falling behind China in the field. In a tweet posted May 26, Garlinghouse warns that “remaining complacent is actually setting us back,” citing an article suggesting that China’s long-touted central bank digital currency (CBDC) has the potential to unseat the dollar as the global reserve currency. SWIFT is being outpaced by blockchain technology U.S. financial dominance currently relies on both the dollar’s status as global reserve currency, and of its control of the Society for Worldwide International Financial Transactions or SWIFT …

Bitcoin (BTC) has neither run away nor plunged following its halving, which suggests that history might be repeating itself. After the first halving, the top-ranked cryptocurrency on CoinMarketCap moved up only by 7% after a month. After the second halving the price dipped 10% during the same period. However, the important thing to note is that both the halvings were followed by strong bull runs. Therefore, even if history doesn't repeat itself it could still offer handsome returns to investors at a time when the global economies are staring at their worst recessions in decades. Daily cryptocurrency market performance. Source: …

Tether (USDT) has overtaken XRP to become the third largest cryptocurrency by market capitalization, as Ripple fails to gain adoption amongst retail investors. Top 10 Cryptocurrencies by Market Capitalization. Source: CoinMarketCap As for Ripple (XRP), it's been a race to the bottom, its market cap has collapsed from a high around $130 billion in January 2018 to the current one under $9 billion. At one point XRP was jockeying for the number two position with Ether (ETH), however, currently, the combined market cap of XRP and USDT is still $5 billion behind Ether. USDT vs. XRP market capitalization. Source: Cointelegraph, …

For some reason, Bitcoin (BTC) analysts never take the middle path. They either project that the price will go to the moon or warn of imminent doom. After surviving and thriving for over a decade and being one of the best assets to own during the current crisis, any doubts about its longevity should be put to rest. On the other hand, for the top-ranked cryptocurrency on CoinMarketCap to replicate the previous bull run, it would first need to break out to new lifetime highs. There are several intermittent resistances between the current levels and the lifetime highs that need …