CEO Ripple comments on XRP manipulation allegations

Garlinghouse replied: “In the XRP community, Ripple is the largest coin holder and we are more than anyone else interested in the success of the XRP …

In an interview with CNN, Ripple CEO Brad Garlinghouse rejected allegations that his company was deliberately manipulating the price of XRP.

Interview with Garlinghouse was hosted by CNN host Julia Chatterly, who emphasized that they are considering ways to use cryptocurrency for good or with malicious intentions.

She asked about community threats to seize control of the network through a hard fork if Ripple executives continued to throw huge amounts of coins into the market. Garlinghouse replied: “In the XRP community, Ripple is the largest coin holder and we are more than anyone else interested in the success of the XRP ecosystem.”

Garlinghouse added that throwing XRP into markets is not in their interest.

“We are interested in a healthy, successful XRP ecosystem and we would never do that,” he said.

When asked if Ripple can control the price of XRP, the CEO answered with a standard phrase:

“Of course not. Ripple cannot control the price of XRP to a greater extent than whales control the price of bitcoin. ”

Garlinghouse went on to explain what Ripple is and how the system works. Separately, he noted that users will continue to speculate with different classes of assets, but the long-term value of any digital asset will come from the option to use it, and XRP is about 1000 times faster than a bitcoin transaction and 1000 times cheaper.

“I have been holding bitcoin for a long time and consider it digital gold. But if, on average, it takes 12 minutes to confirm a BTC transaction, and its cost exceeds $ 1, then this is not the best payment solution. We believe that XRP has unique capabilities to solve this payment problem, ”he said.


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Non-Custodial Exchange KyberSwap Launches Fiat-to-Crypto Gateway

… to Australia allowing its customers to trade across five fiat-to-crypto trading pairs including Bitcoin (BTC), ETH, XRP, Bitcoin Cash (BCH) and Litecoin …

Non-custodial exchange KyberSwap has launched fiat-to-crypto gateway in collaboration with cryptocurrency exchange Coindirect.

According to a Sept. 13 blog post, KyberSwap’s users can now buy digital currencies directly with fiat currencies, taking into account that the exchange currently supports trading of Ether (ETH) and ERC-20 tokens only.

The partnership with MakerDAO-backed third-party service Coindirect enables KyberSwap’s customers to purchase cryptocurrencies using Visa and MasterCard credit and debit cards.

Other industry players offering fiat-to-crypto

KyberSwap thus joined the ranks of other industry projects supporting fiat-to-cryptocurrency trading. At the beginning of the year, major cryptocurrency exchange Binanceexpanded to European markets with the launch of a new platform for fiat-to-cryptocurrency trading dubbed Binance Jersey.

Later in July, Binance announced further expansion of its fiat-enabled trading platform in Singapore, but with limited functionalities and only one trading pair.

This spring, Singapore-based cryptocurrency exchange Zebpay expanded its trading services to Australia allowing its customers to trade across five fiat-to-crypto trading pairs including Bitcoin (BTC), ETH, XRP, Bitcoin Cash (BCH) and Litecoin (LTC) both on desktop and Android and iOS apps.

As reported at the end of May, Coinbase’s Emilie Choi said:

“Obviously we are the fiat to crypto bridge. We’re the fiat to crypto bridge and we play a different role than others in the space in terms of trying to be the safe trusted center of the crypto economy.”

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Crypto Market Update: Focus on BTC, XRP, BCH, BNB, DASH, and ETC

This article provides a quick overview of how the crypto markets have been doing—with the focus on Bitcoin (BTC), XRP, Bitcoin Cash (BCH), Binance …

This article provides a quick overview of how the crypto markets have been doing—with the focus on Bitcoin (BTC), XRP, Bitcoin Cash (BCH), Binance Coin (BNB), Dash (DASH), and Ethereum Classic (ETC)—over the past 24-hour period.

Bitcoin (BTC)

BTC-USD 24 Hour Chart on 13 Sep 2019.png

As you can see in the price chart below, since September 2, Bitcoin has been trading between $10,000 and $10,900, and at press time, it is trading around $10,300. It seems like Bitcoin needs a major positive catalyst for the price to climb above the $11,000 mark. The opening of the Bakkt Warehouse on September 6, sadly, made no difference to the price of Bitcoin, but the launch of future trading on the Bakkt platform on September 23, especially if there is significant trading volume, might make a positive impact.

XRP

XRP-USD 24 Hour Chart on 13 Sep 2019.png

Ripple CEO Brad Garlinghouse gave an interview to CNN on September 12 during which he was asked about allegations that Ripple is dumping XRP on the market. He replied:

In the XRP community, Ripple is the largest owner, and we are the most interested party in the success of the XRP ecosystem… We are clearly interested in a healthy, successful XRP ecosystem, and we would never do that.

Bitcoin Cash (BCH)

BCH-USD 24 Hour Chart on 13 Sep 2019.png

On September 12, in an interview with Bloomberg, David Shin, the head of the exchange division of Bitcoin.com, the main company promoting/supporting Bitcoin Cash (BCH), mentioned that Bitcoin.com is planning to get BCH futures listed on a CFTC-regulated crypto derivatives exchange such as the CME. However, the lack of substance in this news means that BCH has not received any kind of boost so far.

Binance Coin (BNB)

BNB-USD 24 Hour Chart on 13 Sep 2019.png

On September 10, Binance announced that futures platform A had won the competition and thereby had become the official Binance Futures platform. Two days later, Binance announced that Binance Futures would go live at 04:00 UTC on September 13.

Dash (DASH)

DASH-USD 24 Hour Chart on 13 Sep 2019.png

DASH is enjoying a 9% price surge today probably due to the news that it will be listed on Coinbase Pro on September 16 (with trading become available possibly as early as September 17).

Ethereum Classic (ETC)

ETC-USD 24 Hour Chart on 13 Sep 2019.png

Ethereum Classic’s “Atlantis” hard fork event took place on September 12 without any problems. 

Yaz Khoury, ETC Cooperative’s Director of Developer Advocacy, took to Twitter to congratulate everyone connected with the project:

Congratulations @eth_classic on the successful activation of the Atlantis Hardfork!

Was one of the longest debates to reach consensus along with a lot of the immutability politics

Learned a lot about the beauty of decentralization and a distributed community

Thx @a4fri!

🔱🔱 https://t.co/FhJiqo66wwpic.twitter.com/Uu1VG6wUC0

— Yaz Khoury (@Yazanator) September 12, 2019

 

Featured Image Credit: Photo via Pixabay.com

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Bitcoin.com Wants a Regulated Futures Market for Bitcoin Cash

Shin believes that Bitcoin Cash could surge in value compared to other cryptocurrencies on the market if had better liquidity. He envisions BCH …

While we usually think of Ethereum as the crypto asset that’s most likely to be listed on a regulated futures market after Bitcoin, the company behind Bitcoin.com has other plans – according to a recent Bloomberg report, Bitcoin.com wants to make a push to get Bitcoin Cash futures contracts listed on a CFTC-regulated exchange.

The publication spoke to David Shin, who’s in charge of Bitcoin.com’s recently-launched cryptocurrency exchange. He said that Bitcoin.com has already had discussions about a potential BCH futures listing, and added that he would be very happy to speak to the CME, which has been listing BTC futures for almost two years now.

He commented:

“We’ll try to list a BCH future on one of these exchanges that’s CFTC regulated to therefore have a product that can be traded into the U.S. with institutional traders. In theory we should see more penetration, more users, more trading and more volume.”

Shin believes that Bitcoin Cash could surge in value compared to other cryptocurrencies on the market if had better liquidity. He envisions BCH eventually becoming the second biggest crypto asset by market cap. As of right now, it’s hard to see how the fourth-ranked BCH could make such a push – XRP’s market capitalization is about twice as high as BCH’s, while ETH is almost quadruple the size.

However, it is true that Bitcoin Cash has been having a much better 2019 so far than both Ethereum and XRP. BCH is up by 84% since January 1, while ETH added 31% and XRP lost 29%.

BCH finished 2018 with a catastrophic price crash as the controversy surrounding the fork which led to the creation of Bitcoin SV crashed the price of BCH from over $600 to below $100 in the space of 2 months.

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Bitcoin.com Looks to List BCH Futures on CFTC-Approved Exchange

Bitcoin.com is in talks to list a bitcoin cash (BCH) futures contract on a regulated exchange, according to David Shin, head of the company’s exchange …

Bitcoin.com is in talks to list a bitcoin cash (BCH) futures contract on a regulated exchange, according to David Shin, head of the company’s exchange division.

In an interview with Bloomberg, the Singapore-based Shin said he had early talks to ensure a BCH futures contract would be available on an exchange regulated by the Commodity Futures Trading Commission (CFTC). He also said Bitcoin.com hoped to partner with a retail brokerage.

No CFTC-regulated exchange offers bitcoin cash futures. Bitcoin cash is the fourth-largest cryptocurrency, behind bitcoin, ethereum and XRP. Shin said the push into futures would increase trading volumes and liquidity, and ultimately boost BCH’s market cap.

Bitcoin cash was trading Thursday afternoon around $300 a coin with a market cap of nearly $5.4 billion dollars, according to CoinDesk data. This is half the market cap of XRP, the next-closest coin, and 1/35th the value of market leader bitcoin.

Crypto futures are new to US investors. Available via the Chicago Mercantile Exchange (CME) since December 2017, only one other U.S. exchange — Bakkt, which trades futures through ICE — has been approved, and that was just last month. LedgerX and TD Ameritrade-backed ErisX are awaiting final regulatory approval to expand their options trading to include futures contracts.

Shin said that Bitcoin.com had not met with CME.

Bitcoin.com image via CoinDesk archives.

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