Ripple CEO Brad Garlinghouse’s mission is to demolish bankers’ fear of cryptocurrencies and get them on board with the new asset class. During a recent interview with CNN, Garlinghouse explained that “once regulators understand you're not circumventing regulatory frameworks they get very comfortable very quickly.” Garlinghouse said that someone at the World Economic Forum in Davos told him that “crypto is still a bad word here.” Because of this attitude in traditional finance, a big part of his work is explaining to bankers how crypto can solve real-world problems while staying compliant: “A lot of what I am doing [...] …

XRP traders may be in for further losses as one trader warned that a bearish price feature was yet to complete its impact on the market. In a tweet on Feb. 20, Peter Brandt, well known as a trader of both cryptocurrency and traditional assets, said that a “head and shoulders” pattern in XRP/USD this month had the potential to send prices lower. Brandt: “possibility” XRP goes to $0.20 XRP reached highs of almost $0.35 in recent days but subsequently fell conspicuously to press-time levels of close to $0.27. Brandt summarized: “It will be interesting to see if this H&S …

Kahina Van Dyke, former senior vice president of business and development at blockchain firm Ripple, took on the role of Global Head, Digital Channels and Client Data Analytics at major bank Standard Chartered. According to an official announcement published by Standard Chartered on Feb. 19, Van Dyke joined the bank’s Corporate, Commercial and Institutional Banking (CCIB) division. Improving Standard Chartered’s data analytics The CCIB division focuses on corporate clients, financial institutions, and investors. The experts working on the team connect those clients with each other, and provide them advice and access to financing. CCIB chief executive Simon Cooper explained in …

Eurekahedge's index of crypto hedge funds have clocked 21.15% returns since the start of 2020 and this is the best performance from the firm since the index started in 2013. Even in 2017, which was the blockbuster year for cryptocurrencies, the January returns were a modest 4.85%. If the crypto hedge funds maintain their stellar performance this year, they are likely to attract further investments in this space. Coinbase is now a Visa principal member, the first crypto pure-play company to receive the membership. This will help the company to offer more features and services to its customers of Coinbase …

A recent Medium post from blockchain monitor Whale Alert showed that Stellar CTO Jed McCaleb sold off more than 1 billion XRP between 2014 and 2019. The post attempted to analyze whether or not McCaleb’s sale of XRP will affect the price of the crypto. Whale Alert noted that compared with other total trade volumes per day, the amount McCaleb is selling seems insignificant. Following up on this, McCaleb told Cointelegraph in an interview that it’s strange that so many people are focused on his recent trading of XRP, noting that others have sold much more in comparison. He said: …

After Bitcoin (BTC) scaled above $10,000 the mood among market participants turned hugely bullish. Daily talks of the asset making new highs blanketed crypto Twitter and this bullish sentiment also rubbed off on altcoins which picked up momentum and rallied sharply in the past few days. As the week approached a close it was clear that the crypto market was looking overheated in the short-term as greed gripped the market participants. Such a situation usually results in a sharp pullback that scares the weak hands away. Led by Bitcoin, the crypto markets have slipped sharply in the past two days. …

Earlier this year, Ripple CEO Brad Garlinghouse responded to controversy surrounding XRP movements by saying that Ripple cannot control the price of its associated token any more than Bitcoin (BTC) whales control the price of the seminal cryptocurrency. Regarding Ripple’s relationship with XRP, he said, “In the XRP community, Ripple is the largest owner, and the point I have made is we’re the most interested party in the success of the XRP ecosystem.” He added that Ripple would never dump its XRP holdings into the market, as doing so is not in the firm’s best interests. Since taking the helm …

Remittances giant MoneyGram announced a new service allowing real-time money sending, but the solutions of its blockchain partner Ripple are not involved. MoneyGram recently announced FastSend, a new service that allows its customers to send money in real-time to a phone number via a dedicated website or mobile application. Still, the firm’s answers to Cointelegraph’s inquiries revealed that surprisingly MoneyGram’s latest product does not make use of Ripple’s technology. You don’t need blockchain for real-time settlements Kamila Chytil, MoneyGram Chief Operating Officer explained to Cointelegraph that FastSend uses Visa’s Direct Original Credit Transaction to deliver funds to bank accounts through …

According to an all-new report released earlier this week, banking giant JP Morgan is currently in the process of facilitating a merger of its in-house blockchain unit called Quorum with Ethereum-based software developer ConsenSys. The deal is currently under negotiation and is likely to be finalized by the end of Q3 2020. Quorum is a blockchain-based network that has been built atop the Ethereum ecosystem. It currently serves as the foundation for JP Morgan’s Interbank Information Network, a decentralized network that connects more than 300 banks and financial institutions, allowing them to exchange a host of information related to payments. …

BitMEX continues to field major criticism and even anger from traders who lost huge amounts of money in a flash crash involving altcoin XRP. The crash, which occurred at 14.00 UTC on Feb. 13, saw XRP/USD fall 60% from $0.33 to just $0.13 — for two seconds. XRP crashes on BitMEX In that time, traders complain, measures designed to prevent liquidations of positions failed to activate, and BitMEX automatically erased their entire balances. BitMEX is well known for offering trades with significant leverage. In the case of XRP, traders are able to leverage by up to 50 times. Following the …

Interest in Bitcoin (BTC) has surged significantly after its rally above $10,000 and if the bulls can sustain the price above this psychological level, it is likely to attract further attention. While it is difficult to pinpoint the exact reason for this resurgence, a host of factors such as the China coronavirus scare, the upcoming Bitcoin halving, discussion of launching a central bank digital currency by various countries, and the increased institutional adoption of cryptocurrency might all be contributing to the rally. An important highlight of the crypto rally in 2020 is that it has been broad-based. Several major altcoins …

Bangladesh-based Bank Asia has joined Ripple’s RippleNet blockchain-based financial services network. The partnership was only recently discovered after a Twitter user pointed out the Bank Asia logo in an official Ripple document on Feb. 10. Still, the partnership must be well over a month old, given that the document in question was published in December 2019. Bank Asia’s logo is present on a page showing examples of RippleNet users, alongside Santander, American Express, MoneyGram, Send Friend, Standard Chartered, SABB and SBI Group. The LinkedIn profile of the bank’s head of foreign remittances Khandaker Mujahidul Islam shows that he is working …