By Nathan Reiff | Updated January 3, 2018
As the total value of the digital currency industry tops $600 billion, scores of new millionaires (and even billionaires) have emerged. Two of the newest billionaires who have enjoyed massive windfalls from the success of XRP are Ripple's current and former CEOs Chris Larsen and Brad Garlinghouse.
Larsen is the co-founder and former CEO of the company. He stepped down from that position in late 2016 and now serves as executive chairman, according to Forbes. Larsen's personal stake is 5.19 billion XRP, giving him a 17% stake in Ripple. According to the exchange rate for XRP as of January 1, 2018, this means his net holdings are worth $37.3 billion, launching him to the 15th spot on the list of richest Americans.
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Wednesday, January 3, 2018
Bitcoin may be king, but Ripple dark horse in crypto race
(Reuters) - Bitcoin was the star of the white-knuckle ride that cryptocurrencies offered in 2017 but lesser-known names, such as Ripple and Ethereum, are seen gaining prominence in 2018.
The logo of blockchain company Ripple is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren
While bitcoin jumped more than 1,200 percent last year, Ripple, created by the founder of bitcoin exchange Mt Gox, surged 35,000 percent in the same period.
That means $100 invested in Ripple in January 2017 would have grown to about $35,000 at the start of this year.
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The logo of blockchain company Ripple is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren
While bitcoin jumped more than 1,200 percent last year, Ripple, created by the founder of bitcoin exchange Mt Gox, surged 35,000 percent in the same period.
That means $100 invested in Ripple in January 2017 would have grown to about $35,000 at the start of this year.
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Ripple Roars Past $3 to Become Second Most Valuable Digital Currency
By JEFF JOHN ROBERTS 2:03 PM EST
The new year has already brought some surprises on the cryptocurrency front, but the biggest one is about Ripple: In the last 24 hours, the currency has climbed around 25% to break $3 and lock up second place behind bitcoin.
Ripple’s recent run is remarkable in part because it has eclipsed Ethereum, which was long the number two digital currency, and considered to be the only real rival to bitcoin.
Here is a screenshot from Coinmarketcap that shows the new pecking order as of early Wednesday afternoon ET:
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Ripple Price: XRP just hit its highest price ever
Ripple Price: XRP just hit its highest price ever
Ripple keeps surging, regaining its spot, taking over Ethereum as the second biggest crypto after hitting its new all-time high.
Ripple has hit $US2.69, the highest price it has ever hit, and pushing its market cap to US$100 billion for the first time.
The cryptocurrency has also regained its spot as the second biggest cryptocurrency based on market cap, after Ethereum briefly regained that position yesterday. It's currently holding a US$17 billion lead over Ethereum's market cap.
Why is Ripple's price going up?
This is the second big rise of Ripple we've seen in the last week.
Ripple's potential lies on whether it can get banks and financial institutions on board to replace the old SWIFT system which is currently used by banks for international transactions. Ripple can process transactions much faster and cheaper than SWIFT, processing in seconds - not days - and with far lower fees. More
Ripple keeps surging, regaining its spot, taking over Ethereum as the second biggest crypto after hitting its new all-time high.
Ripple has hit $US2.69, the highest price it has ever hit, and pushing its market cap to US$100 billion for the first time.
The cryptocurrency has also regained its spot as the second biggest cryptocurrency based on market cap, after Ethereum briefly regained that position yesterday. It's currently holding a US$17 billion lead over Ethereum's market cap.
Why is Ripple's price going up?
This is the second big rise of Ripple we've seen in the last week.
Ripple's potential lies on whether it can get banks and financial institutions on board to replace the old SWIFT system which is currently used by banks for international transactions. Ripple can process transactions much faster and cheaper than SWIFT, processing in seconds - not days - and with far lower fees. More
Tuesday, January 2, 2018
Bitcoin latest: Ripple’s XRP is best-performing cryptocurrency with 38-fold increase in 2017 (Independent)
Ben Chapman @b_c_chapman
The digital currency has seen astonishing gains, from $0.0065 per token in January 2017, to $2.47 by the end of the year.
Ripple's rise has potentially catapulted its creator, Chris Larsen, high up the world’s rich list.
Bitcoin has been at the centre of the cryptocurrency craze as its value has risen more than 12-fold this year but it has been significantly outperformed by a smaller rival which has seen its value rise by that amount in less than three weeks.
XRP, a cryptocurrency created by the fintech company Ripple is easily the best performing cryptocurrency of 2017, registering astonishing 37,000 per cent gains $0.0065 per token in January 2017, to $2.47 by the end of the year.
The rise has potentially catapulted its creator, Chris Larsen, high up the world’s rich list. Mr Larsen owns 5.19bn XRP coins, according to a report by Forbes, which would mean his holding is worth $12.82bn (£9.4bn).
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Ripple XRP Beat Bitcoin As Best-Performing Cryptocurrency Of 2017 (Christian Post)
By Nathaniel Artosilla , Christian Post Contributor | Jan 3, 2018 hardware during the Inside Bitcoins: The Future of Virtual Currency Conference in New York.
Bitcoin-mania is running mild baby, because despite being the talk of the town when it came to cryptocurrencies, Bitcoin wasn't the best performing digital currency for 2017. In fact, its 1,000 percent rise wasn't even enough to put it among the 10 best-performing cryptoassets of 2017.
In a year where fortunes were made and lost in the cryptocurrency trading, Ripple took the title for best performing digital currency thanks to XRP's meteoric rise in value. The currency gained 36,018 percent last year compared to just 1,318 gained by Bitcoin.
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Here’s How Ripple (XRP) Can Get To $100 (Global Coin Report)
Here’s How Ripple (XRP) Can Get To $100
Published 15 hours ago on January 2, 2018
By Samuel Rae
What a year Ripple (XRP) has had. At the end of the week last week, the coin rose more than 50%, to a record market capitalization of $85 billion. At the start of play on Tuesday, this has risen slightly higher to just shy of $96 billion (having briefly topped out above $100 billion over the weekend).
When you look back over the year, this translated to overarching gains of more than 35,000%. In contrast, bitcoin (BTC) and Ethereum (ETH) have risen just 1,400% and 9,000% respectively. While the latter two have dominated headlines in mainstream media, therefore, it’s Ripple that’s really been the runaway winner.
The question now, of course, is can things continue like this?
Well, here’s where things get a little complicated.
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Published 15 hours ago on January 2, 2018
By Samuel Rae
What a year Ripple (XRP) has had. At the end of the week last week, the coin rose more than 50%, to a record market capitalization of $85 billion. At the start of play on Tuesday, this has risen slightly higher to just shy of $96 billion (having briefly topped out above $100 billion over the weekend).
When you look back over the year, this translated to overarching gains of more than 35,000%. In contrast, bitcoin (BTC) and Ethereum (ETH) have risen just 1,400% and 9,000% respectively. While the latter two have dominated headlines in mainstream media, therefore, it’s Ripple that’s really been the runaway winner.
The question now, of course, is can things continue like this?
Well, here’s where things get a little complicated.
More
Cryptocurrency boom: Why everyone is talking about ripple (CNN)
Cryptocurrency boom: Why everyone is talking about ripple
by Selena Larson @selenalarson
January 2, 2018: 11:27 PM ET
The craze over bitcoin has given other crypotcurrencies like litecoin and ethereum their moments in the spotlight. Now, it's ripple's turn.
In recent weeks, ripple's value has spiked, making it the second most valuable digital currency and bringing it newfound attention.
The relatively obscure cryptocurrency, also known as XRP, is now worth about $2.60 with a market cap of more than $100 billion, according to Coinmarketcap. In early December, it was trading at just 25 cents.
Even with the spike, ripple is worth considerably less than bitcoin. After a tumultuous December, bitcoin was trading around $15,000 late Tuesday with a market cap of more than $250 billion.
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by Selena Larson @selenalarson
January 2, 2018: 11:27 PM ET
The craze over bitcoin has given other crypotcurrencies like litecoin and ethereum their moments in the spotlight. Now, it's ripple's turn.
In recent weeks, ripple's value has spiked, making it the second most valuable digital currency and bringing it newfound attention.
The relatively obscure cryptocurrency, also known as XRP, is now worth about $2.60 with a market cap of more than $100 billion, according to Coinmarketcap. In early December, it was trading at just 25 cents.
Even with the spike, ripple is worth considerably less than bitcoin. After a tumultuous December, bitcoin was trading around $15,000 late Tuesday with a market cap of more than $250 billion.
More
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