According to a quarterly report, online engagement towards XRP on Twitter fell in Q1 2020, while Ripple was forced to liquidate many of its holdings to stay cash flow positive. The report, by social trading and investing platform eToro in partnership with analytics and finance management startup The Tie, indicates that the number of Twitter users discussing XRP fell by 16% in the first quarter of 2020. Meanwhile, the number of users in the “XRP Army” — supporters of the cryptocurrency — has declined 82% since January 2018. XRP losing support and value? This is not the first trouble XRP …

Canadian cryptocurrency investor, Salim Satir, has filed a lawsuit against cryptocurrency exchanges, Gatehub and Bitstamp, with the High Court of Justice of England and Wales over $4.9 million in purported losses. The plaintiff claims that the losses resulted from misleading statements on Gatehub’s website purporting to detail its Bitcoin (BTC) to Ripple (XRP) trading function, in addition to the wrongful retention of 872 Bitcoin Cash (BCH) amid the August 2017 Bitcoin fork. Investor accidentally purchases ‘Bitcoin IOUs’ from Gatehub Satir alleges that information provided on Gatehub’s website mislead him as to “the operation and effect of the Bitcoin/Ripple exchange function” …

Binance chief executive officer Changpeng Zhao said that trading activity across major crypto exchanges had increased between 3 to 5 times. This is a bullish sign as it “means there are a lot more people coming into the industry.” While quantitative easing and fresh money coming into cryptocurrencies is a positive development, the bull run might not start immediately. However, in the long run, as the supply of fiat currency increases, Zhao said that “mathematics will eventually work” as Bitcoin is a limited asset. In the short-term, Bitcoin’s halving is an important event that can increase the volatility. PlanB,the creator …

Australian fintech unicorn and RippleNet member, Airwallex, raised $160 million in a fundraising round led by the investment arms of Australian ‘big four’ bank, ANZ, and San Francisco-based cloud software company, Salesforce. Existing investors Tencent, Sequoia Capital China, DST Global, and Horizons Ventures also participated in the round — bringing the total raised to-date by the cross-border payments platform to $362 million as of April 16. Aussie fintech unicorn raises $160 million Airwallex will direct the funds into expanding its global footprint, with Europe and the United States among its next target markets. Airwallex also launched offices in Tokyo, Bangalore, …

Lately, a great deal of attention has been focused on the correlation between Bitcoin and the S&P 500, meaning crypto traders need to keep track of the fundamentals of the equity markets. Global markets continue to be negatively impacted by the coronavirus pandemic and according to a report from the International Monetary Fund, the resulting lockdown in several countries will lead to one of the worst contractions in 90 years. According to the IMF, “even if the spread of the virus peaks in the second quarter for most countries in the world, and recedes in the second half of this …

Ripple’s native token XRP was the worst performing large cap token in 2019 — and 2020 isn’t looking much better so far. Crypto analytics firm Messari this week released data showing XRP was the worst-performing crypto asset in the top 25 coins by market cap in the first quarter of 2020. XRP was also overtaken in volume earlier this week by up-and-coming cryptocurrency Chainlink (LINK) — and it even came close to losing its No.3 spot in the Top 10 to Tether (USDT) during the flash crash in mid-March. Not the pandemic’s fault The wooden spoon award from Messari follows …

Famed investor Mike Novogratz believes that additional crypto adoption and more drastic central bank actions will benefit Bitcoin. The Galaxy Digital CEO said that hedge funds and high-net worth individuals have been buying Bitcoin (BTC). However, Novogratz expects the U.S. equity markets to go down, hence, he “got short Friday for the first time in a while -- both stocks and credit.” Several analysts have suggested that the current crisis is likely to be far worse than the previous financial crisis, which led to the birth of Bitcoin. Gemini co-founder Cameron Winklevoss said that the current coronavirus “pandemic will be …

One of cryptocurrency’s biggest hedge funds says it will keep avoiding XRP and Stellar (XLM) because their supply is too centralized. In an interview with YouTube series Thinking Crypto on April 10, Mark Yusko, CEO of Morgan Creek Digital, confirmed that its policy on the two altcoins would stay unchanged. Yusko: We don’t own XRP or Stellar “We exclude anything... that’s too closely held, so we don’t own Stellar and we don’t own XRP,” he told the show. Yusko was referencing the joint fund that he set up with asset manager Bitwise in 2018, the Morgan Creek Bitwise Digital Asset …

Digital money transfer service, Azimo, has partnered with Siam Commercial Bank (SCB), the oldest bank in Thailand, to launch an instant cross-border payments service from Europe to Thailand through Ripple’s global payments network, RippleNet. According to an announcement on April 9, the solution aims to solve the challenges of expensive and unreliable global payments. They state that through their platform, remittances from Europe to Thailand will take less than a minute to complete. Instant cross-border payments via RippleNet Historically, remittances between Europe and Thailand often take more than one whole business day to settle. Azimo on the other hand can …

The number of Bitcoin whales holding at least 1,000 BTC has been rising for the past few months, according to a report by Glassnode. The report also highlights that the accumulation continued during the recent slump on March 12 and 13 when Bitcoin’s price dropped below $4,000 levels. This suggests that the whales are bullish on Bitcoin due to the upcoming halving event in May. Canadian asset manager 3iQ has launched “The Bitcoin Fund,” on the Toronto Stock Exchange (TSX), which is tied to Bitcoin. Tyler Winklevoss said that this was a historic moment as it was “the first public …

While Bitcoin (BTC) is currently showing weakness with the recent retracement from $7,500 to $6,900, XRP price is remaining relatively stable as the XRP/BTC pair is stabilizing. But it’s not only the price of XRP that is remaining reasonably stable against BTC, but Stellar Lumens (XLM) is also showing strength. Would this imply that the inverse correlation is back? Crypto market daily performance. Source: Coin360 XRP breaks back above the crucial level on the BTC pair As discussed in the previous article, the red area was a vital level for XRP to reclaim to sustain any bullish momentum. The price …

Central banks around the world have pumped up their economies with huge stimulus measures. JPMorgan Chase’s chairman and CEO, Jamie Dimon, praised the United States for taking swift action to counter the current economic crisis. Despite the kind words, in a letter to JPMorgan shareholders, Dimon warned that the future “will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008.” Ballet CEO and founder Bobby Lee expects Bitcoin to reach $10,000 by its block reward halving next month. Lee expects the governments to continue to print huge sums of money …