Former CTO and Ripple co-founder Jeb McCaleb has dumped over $400 million worth of XRP in 2020. Coinciding with charges filed by the SEC, XRP holders are facing a lot of pressure on the cryptocurrency. XRP's price dropped by over 50% following the SEC charges but have since slightly recovered The creation and distribution of XRP was governed by a Founder's Agreement, created by Jed Mccaleb, Aurthur Britto, and Chris Larsen.The founders kept 20% of the XRP and gifted the remaining 80% to Opencoin (later renamed Ripple Labs and then Ripple) However, this does not seem to be the case for Jed McCaleb, co-founder of Ripple (XRP), who appears to have sold more than 54 million in XRP. McCaleb's known crypto wallet had millions of XRP stored, receiving an average of 1.8M tokens daily in April Per a recent note from the wallet tracking platform Whale Alert, Chris Larsen - a Ripple co-founder and former executive - just moved over $115m worth of XRP. 499,999,979 XRP (115,847,491 USD) transferred from Chris Larsen to unknown wallet Ripple chief technology officer David Schwartz and Venture Coinist founder Luke Martin are debating the utility of the crypto asset XRP. In a series of tweets, Martin questions XRP's use as a fuel for payments and says stablecoins pegged to traditional assets have the liquidity required to move money. I asked [David Schwartz] what XRP is useful for because it did not make sense to me and.
Only when OpenCoin Inc. was founded in 2012 by Chris Larsen and Jed McCaleb did today's Ripple project take shape. A new payment protocol called Ripple Transaction Protocol (RTXP) has been developed. This forms the basis for today's distributed ledger protocol from Ripple Former Ripple Chief Technology Officer and Co-founder Jed McCaleb sold about 275 million XRP (CRYPTO: XRP) this month. As of press time, McCaleb's wallet still contains over 348 million XRP,..
According to the developers of Ripple, the XRP coin project was created as a kind of addition to the cue ball, but in no case as a competitor to Bitcoin. The fundamental goal of the project is to create a global web within which ecosystem clients can actively exchange digitized assets XRP's controversial past In an ask-me-anything session on YouTube last week, Cardano founder Charles Hoskinson spoke about ADA, upcoming Cardano developments, and about the ruckus surrounding the alleged unlicensed securities sale by San Francisco payments firm Ripple XRP Co-Founder Dumping $1.74 million Daily in Addition to Ripple's Escrow: Report Research from WhaleAlert finds that Jed McCaleb, the co-founder of Ripple is selling around 1.74 million XRP on an average daily
Larsen further put forward XRP as an example as he wrote that XRP has been operating on Federated Consensus to validate transactions and secure its public ledger for the last nine years, which has helped them prevent the excessive energy use, and currently, he claimed, XRP merely uses energy which equals to the energy consumption of 50 US homes annually and it is already Co2 neutral too According to data retrieved from XRPscan, Jed McCaleb's crypto wallet sold 61.5 million XRP. The co-founder is partly responsible for price not holding for long as it should, as he has over the years been regularly dumping XRP in the crypto market, following his departure from Ripple in 2013
As crypto traders endure Bitcoin's plunge to nearly $30,000, Tron CEO and founder Justin Sun says he bought a large amount of the leading cryptocurrency - under $40,000. I have bought 4145 Bitcoin with $152,818,183 at average price $36,868. Sun joins industry leader Michael Saylor of. The value of cryptocurrency XRP (CCC:XRP-USD) is on the rise today as several big endorsements converge to fuel the gains. XRP has gained 10.54% in the last 24 hours, as of 7:20 a.m. Eastern. The. The CEO of IOHK said XRP remains clean—as of today in its current form—from the SEC despite troubles mounting for Ripple, its issuing company.. XRP's controversial past. In an ask-me-anything session on YouTube last week, Cardano founder Charles Hoskinson spoke about ADA, upcoming Cardano developments, and about the ruckus surrounding the alleged unlicensed securities sale by San. Share on Facebook Share on Twitter Arca co-founder and securities lawyer Phil Liu expects XRP to drop off the map by the end of this year. Phil Liu, the co-founder of New York-based cryptocurrency asset management firm Arca, predicts that XRP is going to become a remnant of history by the end of this year, [
It seems XRP price ascent is often inundated with the frequent dumping of the token by one of its co-founder and former CTO, Jed McCaleb. In the latest dump, McCaleb disposed of another 40 million XRP The co-founder has been making frequent cashouts in chunks, the recent ones are, On 12-15 February 114Million XRP, $135 Million in the first week of March, $152 Million in Mid March. The remaining balance in the tacostand wallet totals 383,092,083 XRP tokens, in addition to this balance he is said to have 2 Billion XRP in cold storage Former PM at Goldman Sachs, Will Meade, who founded a $1.4 billion hedge fund, has recently made it public that he just bought XRP, which is his first-ever crypto purchase. He shared this new development with his teeming followers on Twitter a couple of hours ago. According to the tweet, Meade has very little knowledge [ On Valentine's day, the Stellar Lumens co-founder dumped 38 million XRP worth $22 million, and his XRP sales are not expected to slow anytime soon. Market analyst Leonidas Hadjiloizou revealed: Jed will be selling 38,345,406.53 XRP per day this week. This amounts to roughly 268M XRP or $166M at current prices in 1 week 177 MILLION XRP On The Go As Ripple Co-Founder HIGHLIGHTS BITCOIN INFEIORITY TO XRP. Posted on May 1, 2021 by coin4world 33 Comments. Follow me on Twitter: @moonlamboio. DISCLAIMER: I am not a financial adviser. None of what I have communicated verbally or in writing here should be considered financial advice; it is not
According to Brad Garlinghouse, the founder of Ripple, the XRP will be as successful in the future as Amazon today. He claims that investing in XRP today is a great strategy to multiply your funds in the future. However, the analytic platforms are not so optimistic about Ripple in 2025 Estimates also show that when McCaleb founded Opencoin, which was rebranded to Ripple, the founder held 9 billion XRP tokens. Blockchain researcher Leonidas Hadjiloizou has been reporting on Jed McCaleb's XRP sales. Hadjiloizou spied McCaleb's alleged XRP wallet transferring over 29 million XRP last Sunday
The co-founder of the cross-border is believed to own roughly 3.8 billion XRP. As the token spiked in price, the daily trading volume also surged, allowing McCaleb to increase his selling rate With Ripple's XRP coin hitting a high of $3.84, the company's co-founder and executive chairman, Chris Larsen, is now worth about $59.9 billion on paper. That puts Larsen just ahead of Larry. Ripple and Stellar founder Jed McCaleb stopped selling XRP after the announcement of a lawsuit against Ripple. McCaleb, who sells a certain amount of XRP every day as a result of the deal with Ripple, has raised questions. After leaving his job at Ripple, Jed McCaleb made the decision to sell 9 billion XRPs he bought from the company XRP skyrocketed in 2017 from $0.006 on January 1 to $2.30 on December 31 — a return of 38,000%.. A third person who's gotten rich on XRP is Ripple cofounder Jed McCaleb, who left the company. Ripple's Co-Founder Could Liquidate $1 Billion in XRP. Whale Alert recently released an extensive Medium blog post about Ripple's former CTO McCaleb, who was entitled to a large sum of XRP, released on a certain schedule
Ripple co-founder moves 265 million XRP as crypto billionaires lose a chunk of their net worth Ripple co-founder moves 265 million XRP as crypto billionaires lose a chunk of their net worth. By Rarbum, Friday at 03:28 PM in Other Press. Share Followers 0. Recommended Posts. Rarbum 14 Posted Friday at 03:28 PM. Rarbum. Ripple's Co-founder Jed McCaleb bowed out of Ripple in 2013, following which he signed a contract with the company to establish how much of his assets McCaleb can sell.McCaleb claimed to own 9 billion XRP at the start of the Ripple ledger and according to Whale Alert, McCaleb has sold over a billion XRP between 2014 and 2019.. According to a Medium post, Whale alert analyzed McCaleb's. .59 to $0.62 per token on the said day. This makes the cofounder's sale worth over $17 million. Before this dump, Hadjiloizou says that McCaleb was selling around 9 million XRP tokens daily. After selling 9.9 million XRP per day for a week, Jed was able to sell 29.5 million XRP today, the researcher tweeted on Sunday
Ripple co-founder Jed McCaleb has sold 157.9 million XRP ($86.8 million as of press time) on the open market from December 1st to December 9th. McCaleb's latest sale took place this morning shortly after he received a 266.3 million XRP payment, in which he subsequently sold about 30 million XRP Regular XRP sales by McCaleb, however, do not seem to have any impact on the XRP exchange rate. Over the past two weeks, 16 lumps of XRP have been moved in two groups. Each group of payments carried 18.5 million and 9.2 million XRP each. The remaining balance on the tacostand wallet at press time totals 383,092,083 XRP tokens Who is Jed McCaleb? Jed McCaleb is an American software engineer and entrepreneur. He founded and served as the Chief Technology Officer of Ripple.Inc in 2013. Jed is also known as the peer-to-peer eDonkey2000 application developer, one of the largest file-sharing networks, and of many other ecosystems. The digital currency building began in 2011 in [ Ripple co-founder Jed McCaleb may have sold 1.8 Million XRP a day in April. McCaleb has been incredibly transparent about his XRP sales. Jed McCaleb is the co-founder of the project that eventually became Ripple. Despite concerns, the crypto pioneer has remained very transparent amid his XRP sales It seems XRP price ascent is often inundated with the frequent dumping of the token by one of its co-founder and former CTO, Jed McCaleb. In the latest dump, McCaleb disposed of another 40 million XRP. McCaleb left the firm in 2013 and is known to regularly dump XRP. His current XRP holding is just below 500 million of the token
Jed McCaleb, the co-founder and former CTO of Ripple Labs, has released 140 million XRP from his tacostand wallet over the course of the last week. This is roughly $69.3 million at current prices. According to data by XRPscan , between February 4 and 6, McCaleb sold approximately 38 million tokens in three batches of 12.7 million XRP XRP adoption is unlikely as it's slow and too centralized, says the founder of Nano (NANO).He thinks banks are unlikely to accept it as it would give Ripple Labs, XRP's creator and biggest hodler, a near-monopoly on the entire Forex market. Colin LeMahieu, who created the Nano cryptocurrency, explained to Crypto Briefing that the financial sector couldn't use XRP
admin April 7, 2021 How Is XRP Doing Since Ripple Co-founder Jed McCaleb Sold 54 Million? 2021-04-07T16:55:20+00:00 Finance Ripple (XRP) has been one of the most interesting cryptos on the market for a long time and at the same time is considered one of the most speculative Stellar co-founder Jed McCaleb is taking advantage of high XRP prices while he still can. The former Ripple CTO received over 266 million XRP earlier this week and immediately proceeded to sell the tokens, on-chain data shows Ripple Labs co-founder and ex-executive Jed McCaleb has been dumping his XRP fortune throughout April, which could have suppressed the digital currency's market price.. What's even more troubling to XRP holders is that McCaleb has little to no incentive to aid the advancement of Ripple's project Post Category → XRP Founder Crypto Billionaires: Ripple's Jed McCaleb World's 40th Richest Person, Cofounder Sells 29 Million XRP Last Week posted in 29 million XRP,.
Show full post Hide. XRP positions itself as one of the most liquid currencies which is fast (settles in 3-5 seconds), scalable (can handle 1,500 transactions per second), decentralized (140+ validators), stable (7-year track record) and with a negligible energy consumption (due to the consensus protocol vs proof-of-work) Founder and CEO of XRPlorer analytics agency, which studies data to do with XRP, has tweeted that customers of the Coinbase exchange have already wired 940,000 XRP to scammers who have been offering fake XRP giveaways on YouTube. That is almost ten times more than the booty that was counted on Aug. 16 Co-Founder Jed McCaleb just transferred 63,704,590 XRP ($12,293,769) to his personal wallet. XRP holders brace for the possible incoming dump. Former Ripple Founder's Massive XRP Transfer Late last night, Whale Alert flagged up the gigantic XRP transfer from Jed McCaleb Settlement to Jed McCaleb's wallet
The Reasoning Behind XRP - Interview with Chris Larsen, the BILLIONAIRE founder of Rippl What is worse, the SEC also knows it isn't true, said XRP holders' lawyer John E. Deaton, pointing to the case against Telegram, also ruled in the same U.S. District Court. The Judge's order used the term issuer as every person who issues or proposes to issue any security In December 2020, the SEC sued Ripple for its sale of XRP, as reported by Coindesk.Garlinghouse and the former CEO and co-founder of Ripple were named as defendants Jed McCaleb, former CTO and co-founder of payment network Ripple (XRP) and current CEO of Stellar (XLM), has sold roughly 275 million XRP since early May as part of his daily dumping. The great XRP dump. According to blockchain explorer XRPScan, McCaleb received just over 442 million XRP from Ripple on May 2 Co-Founder Jed McCaleb just transferred 63,704,590 XRP ($12,293,769) to his personal wallet. XRP holders brace for the possible incoming dump. Former Ripple Founder's Massive XRP Transfe
Ripple co-founder: Bitcoin is a technology storm but XRP is superior Ripple co-founder Chris Larsen said that Bitcoin ignited the spark that would lead to a huge change in the financial world. In the new episode of Ripple's Block Stars podcast, Larsen mentioned the early times of cryptocurrencies and said that the birth of Bitcoin took place after the 2008 crisis is a wonderful timing Recall that some days ago, Nairametrics revealed Ripple's co-founder and one of the largest owners of XRP, Jed McCaleb, gained massively from selling XRP in 2020. Despite Ripple's legal troubles with the powerful American financial regulator, Jed McCaleb was able to gain $411 million in XRP sales throughout 2020, bringing his total gains from selling XRP to $546 million
As a report has it, Ripple co-founder, Jed-McCaleb has resumed his usual significant dump of XRP. He recently initiated a selloff of portions of the 9.5 billion XRP he received as a co-founder of the firm before his departure in 2014. According to the popular crypto researcher, Leonidas Hadjiloizou, a couple of hours ago, McCaleb [ Michael Arrington, the founder of TechCrunch, announced that he is going to be starting a hedge fund worth $100 million that will have a denomination with XRP, which is Ripple's native token.. The announcement, made during the Consensus: Invest conference in New York on November 28, revealed that the name of the new fund would be Arrington XRP Capital
The group of six comprises the trading company GSR's co-founder Christian Gil and five ex-Ripple staffers. At 07:51 UTC, XRP, ranked 6th by market capitalization, trades at USD 0.9 and is down by 9% in a day and 23% in a week. The price dropped by 36% in a month, trimming its gains over the past 12 months to less than 357% Ripple Cofounder Jed McCaleb sells 222.6 Million XRP, worth 115 million dollars In Past Two Weeks. 20. Apr 2021 Posted by Guest on News. Ripple is one of the world's major cryptocurrencies — and one of the most intriguing XRP is battling to retain a top five spot at the moment. And the current possibility of ex-CTO and founder of Ripple, Jed McCaleb selling all his holdings won't help.. McCaleb, who left Ripple several years ago to start Stellar (), still holds nearly 3 billion XRP tokens. Crypto analyst Leonidas Hadjiloizou recently tweeted that Ripple's ex-CTO could dump all his XRP holdings by the end of. Ripple Cofounder Jed McCaleb Moves 127 Million XRP In Past 15 Days With 336 Million Remaining in His Wallet Mon, 29 Mar 2021, 07:55 am UTC As per the data from XRPscan, in the past fifteen days, Jed McCaleb, who cofounded Ripple Labs, has sent a whopping 127 million XRP coins to be sold
XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. How Is XRP Used? Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space According to data from XRPscan, in the past two days, co-founder of Ripple, Jed McCaleb moved roughly 40 million XRP from his tacostand wallet, which was named and activated when McCaleb was still working with Ripple. The former tech chief is very active when it comes to selling his XRP; a fact earlier noted by [ Phemex, an exchange that suspended XRP trading after the SEC lawsuit on December 31st, 2020, has now relisted XRP.. Phemex suspends XRP trading. Phemex, an exchange founded in 2019 in Singapore, suspended XRP trading on December 31st, 2020. According to the exchange's announcement at the time: Following the news of the SEC's lawsuit against Ripple Labs, Inc. and the resulting actions by. Ripple on the first day of every month routinely releases 1 billion XRP from its escrow as per its distribution model, and most of the released funds get locked back in the escrow. Ripple Sends 477 Million XRP to Co-Founder Jed McCaleb From Its Escro An co-founder of the Ripple network, who presently works as CTO of Stellar Lumens (XLM), Jed McCaleb, has in a recent development increase the amount of XRP he sales, this when compared with his sale a year ago, is about by about 13-fold increment.. The development will likely put-off the ever-concerned XRP community a controversies continues to resurface over the unpromising XRP price growth
Jed McCaleb, one of the co-founder of Ripple, has sold an estimated 135 million XRP tokens over the last few weeks, and has around 30.5 million tokens left in his tacostand account, according to data from XRPScan. McCaleb is said to have started working on Ripple back in 2011, and was part of its founding team when the firm launched in 2013 Ripple (XRP) co-founder Jed McCaleb has regularly sold off his XRP holdings since agreeing to a settlement with the Ripple team in 2014. The co-founder of Ripple, Jed McCaleb, sold off over 54 million XRP tokens in April, according to analysis of wallets linked to McCaleb shows The Whale Alert, last night announced on its twitter handle that the co-founder of Ripple, Jed McCaleb, transferred 63,704,590 XRP from settlement to his personal wallet. The transferred XRP worth more than 12 million and the assumptions are being made that these XRPs might get dumped on the market Recent data shared by the XRPscan platform has shown that co-founder and former executive of Ripple Labs, Jedd McCaleb has moved 265 million XRP from his wallet in batches. Details of the wallet cleaning exercise On May 1, McCaleb received over 400 million XRPs from a Ripple wallet
SEC says XRP is a security, but Ripple launches new XRP product . The announcement was made as the firm and its co-founders stand in the middle of a lawsuit with the SEC over an alleged illegal securities offering. The discussion turned to whether XRP is a security or not Stellar Lumens (XLM) and Ripple's XRP are becoming the talk of the town in the cryptocurrency space.. Why XRP and XLM are a good bet. These two cryptocurrencies were founded by the same founder which is Jed McCaleb, he envisioned a cryptocurrency that would be used as a bridge currency and use for cross border payments Ripple Co-founder, Chris Larsen with his wife Lyna Lam and RippleWorks, contributed to the San Francisco State University of $25 million in XRP cryptocurrency