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In hopes of attracting organic activity, airdrops were once a popular way to bootstrap adoption for new crypto networks. XRP was particularly attractive due to its ultra-low transaction fees. When the SEC sued Ripple for conducting an unregistered securities sale in December 2020, several XRP -friendly airdrops were quickly launched. Fearing that the US government might shut down the XRP Ledger, win a debilitating financial settlement against Ripple, or otherwise inhibit growth in the industry, many projects viewed early 2021 as the last opportunity to run a successful airdrop campaign to XRP token holders. However, most social media accounts of airdrops from this time either no longer exist or have become inactive. Some accounts claimed to support a good cause; others used a celebrity’s image — possibly without permission — or used suspicious marketing tactics. Flare (FLR) airdrop The largest airdrop in XRP history was Flare. It took a snapshot of the XRP network on...

Over the years, Ripple has announced innumerable XRP partner ships that it ultimately abandoned. Thousands of crypto leaders publish official-looking Press Releases about preliminary initiatives that generate minimal results. Their primary intention is usually to associate the token with the large brand partner and its “utility.”  Occasionally, those large brands are not even aware that the partnership exists. Helium (HNT), for example, once promised token holders that it had partnerships with Salesforce and Lime scooters that never existed. According to the Securities and Exchange Commission (SEC), Ripple’s partnership announcements were not merely innocent attempts at brand-building — to the contrary, Ripple made over $2 billion off XRP sales in large part as it “made an avalanche of public statements” attempting to increase the value of XRP. According to commissioners, Ripple misused XRP partnerships to sway investors into believing they were making an investment in XRP...

Also Read: PayPal’s Crypto Push: Over 60 Million Venmo Users Can Now Transfer Crypto advertisement Hence, what started with Silvergate is now seen similarly with the First Republic Bank. In this context, a popular crypto expert commented that the banking crisis has just about started, although based on American television personality Jim Cramer. The CNBC host faces flak for what appears to be an ‘inverse’ prediction on stocks. In fact, some of the stocks he was bullish on declined immediately and vice versa, so much so that an “inverse Jim Cramer” strategy is popular among trader communities. Banking Crisis Just Started? The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad Based on this inverse Jim Cramer strategy, XRP lawyer John Deaton, who represen...

The development of the XRP Ledger (XRPL) ecosystem has grown significantly during the last year. According to recent data, approximately 2,000 additional tokens have been added to the XRPL network throughout this time.  This rise in activity is notable in light of the legal fight between Ripple Labs and the SEC, ongoing since 2020. It all began when the SEC sued Ripple , stating that XRP is a security. The case has been dragging on for over two years. Also read: Solana SOL Price Prediction for March 2023 Despite all of this, the XRP team is exhibiting greater developments. According to the details of the latest proposal laid down by XRP Ledger developers and the Ripple development lab, the idea for a new XRPL standard has been laid out. Source: Nicolas Rabier XRP Ledger’s new proposal is aimed at improving interoperability The detail from the proposal reveals that the new proposed XRPL standard is for a cross-chain bridge, which is aimed at improving inter...

Ripple ’s native token XRP is holding on to the price level of $0.33 on Friday. XRP is experiencing consolidation in the indices and if it holds up, the asset could catapult to $0.37 in the coming days. Amidst all the leading altcoins, XRP is the only crypto that managed to weather the stormy waters by not slumping dramatically post the FTX bankruptcy. Also Read: Shiba Inu: AI Predicts SHIB Price For January 31, 2023 Source: CoinGecko.com How High Can XRP Go In January? Source – Crypto News Leading crypto analyst Michael van de Poppe noted that if XRP resists slipping below $0.33, the token could rally upwards. “A ton of liquidity has indeed been taken on $XRP. Didn’t drop to $0.265, but losing $0.34 accelerated the process in thin order books. Preferably, I’d want to see $0.33 hold, and then we can rally upwards,” he tweeted. “XRP This one looks a bit odd, as we’ve seen a harsh rejection at $0.37. I’d prefer to see $...

The cryptocurrency realm has always been destined for widespread adoption. Numerous well-known platforms, companies, and governments have openly embraced cryptocurrency. Particularly, Dubai has become a hub for the cryptocurrency industry.  Dubai is unquestionably a crypto enthusiast’s dream location thanks to the government’s interest in the metaverse and the legal framework that has allowed for the establishment of numerous cryptocurrency businesses. Moreover, payments with cryptocurrency have been a dream of many. Even though cryptocurrencies are progressing in that direction slowly, Dubai is also two steps ahead. In one of the latest reports, it was revealed that XRP users can pay for homes in the UAE with the XRP token. You could buy a swanky Keturah Reserve home in Dubai using #XRP, among other things.https://t.co/rYYDah5qbB — WrathofKahneman (@WKahneman) December 21, 2022 XRP payments for home made possible by Keturah Reserve As per t...

This year has typically been characterized by announcements related to bankruptcies and collapses of cryptocurrency firms within the industry. With the fundamentals weakening, asset prices found it difficult to stay afloat. As a result, 2022 almost entirely belonged to the bears. With less than a fortnight left for this year to wrap up, let’s analyze the top coins so far in 2022. LunarCrush, a social intelligence platform for cryptocurrency assets, released a list of the top-10 coins over the past year, based on their Galaxy Score. The said score measured the coin’s past performance against itself. A higher rank indicated that a particular asset is performing well from different perspectives like the social volume, market volume, price moving average, and more. Looking at the yearly frame of this metric will put things into perspective for 2022. Source: Twitter Ethereum Leads The Show Per the list, Ethereum bagged the first position. This ranking goes without sur...