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.
More
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.
More
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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The Most Popular Ripple Insights Posts of 2017 (Team Ripple)
The Most Popular Ripple Insights Posts of 2017
Dec 28, 2017 | Team Ripple
Ripple punched above its weight class in 2017. We successfully launched our first blockchain conference, announced a new collaboration with the Gates Foundation and increased the number of RippleNet members to more than 100. And Ripple Insights became the official destination to learn about all that Ripple accomplished, attracting millions of readers over the year.
In fact, our readers were clamoring to learn more about new developments in our blockchain technology, upcoming events, as well as the lockup of 55 billion XRP.
More
Dec 28, 2017 | Team Ripple
Ripple punched above its weight class in 2017. We successfully launched our first blockchain conference, announced a new collaboration with the Gates Foundation and increased the number of RippleNet members to more than 100. And Ripple Insights became the official destination to learn about all that Ripple accomplished, attracting millions of readers over the year.
In fact, our readers were clamoring to learn more about new developments in our blockchain technology, upcoming events, as well as the lockup of 55 billion XRP.
More
Ripple is being added to CoinJar (Reddit)
Ripple is being added to CoinJar - early access already on the way. self.Ripple
Submitted 4 hours ago by BigStugots
On an Australian forum I am apart of we have had users reporting they are able to buy XRP using CoinJar right now.
On further investigation it seems it is early access for some users only (although I am not sure how they are selected) but it is definitely happening.
https://support.coinjar.com/hc/en-us/articles/115005901226-Supported-Digital-Currencies
I don't think CoinJar is as big as Coinbase but still excellent news nonetheless!
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Submitted 4 hours ago by BigStugots
On an Australian forum I am apart of we have had users reporting they are able to buy XRP using CoinJar right now.
On further investigation it seems it is early access for some users only (although I am not sure how they are selected) but it is definitely happening.
https://support.coinjar.com/hc/en-us/articles/115005901226-Supported-Digital-Currencies
I don't think CoinJar is as big as Coinbase but still excellent news nonetheless!
More
Ripple becomes second most valuable crypto-coin (BBC)
Ripple becomes second most valuable crypto-coin
2 January 2018
A crypto-currency called Ripple has become the second most valuable virtual cash system.
Over the weekend the value of the digital currency hit more than $100bn (£74bn) according to some market monitors.
This valuation is higher than the other popular crypto-cash system - Ethereum.
Each Ripple coin, called an XRP, is now worth about $2.34 - far higher than the half a US cent they were worth a year ago.
Bitcoin still remains the most valuable crypto-currency. The value of the 16.8 million bitcoins in circulation is now worth a nominal $231bn. Each bitcoin has a value of about $13,580.
Bank payment
Ripple has sought to establish itself as a safe alternative to other crypto-currencies by emphasising its links to existing financial institutions.
Ripple was set up to help banks speed up and modernise how they pay each other. So far, about 100 banks have signed up to use its payments system. Bank of America and UBS are among its customers.
More
2 January 2018
A crypto-currency called Ripple has become the second most valuable virtual cash system.
Over the weekend the value of the digital currency hit more than $100bn (£74bn) according to some market monitors.
This valuation is higher than the other popular crypto-cash system - Ethereum.
Each Ripple coin, called an XRP, is now worth about $2.34 - far higher than the half a US cent they were worth a year ago.
Bitcoin still remains the most valuable crypto-currency. The value of the 16.8 million bitcoins in circulation is now worth a nominal $231bn. Each bitcoin has a value of about $13,580.
Bank payment
Ripple has sought to establish itself as a safe alternative to other crypto-currencies by emphasising its links to existing financial institutions.
Ripple was set up to help banks speed up and modernise how they pay each other. So far, about 100 banks have signed up to use its payments system. Bank of America and UBS are among its customers.
More
Will The Bank of England Offer a Bitcoin-Style Cryptocurrency? (NASDAQ)
Will The Bank of England Offer a Bitcoin-Style Cryptocurrency?
January 02, 2018, 04:03:00 AM EDT By Nick Cawley, DailyFX
DailyFX.com -
Bitcoin Talking Points
- A Bitcoin-style digital currency is being actively investigated by the UK central bank.
- A new level of legitimacy but how will Bitcoin compare to a central bank digital token?
Bank of England Cryptocurrency Research Continues Apace
The Bank of England's (BoE) multi-year research program into the implications of a central bank backed digital currency could add another layer of respectability to the cryptocurrency space but may have other implications for market heavyweight Bitcoin (BTC).
According to a release on the BoE's website, if a central bank issued a digital currency, "everyone including businesses, households and financial institutions other than banks", could make payments and store money digitally in addition to making payments in cash. And this could have far reaching implications for monetary policy and financial stability, according to the UK central bank. One of the main attractions/criticisms of Bitcoin and other altcoin payment tokens is that money is able to be moved around digitally away from the control of the central bank. A BoE backed digital currency would give the central bank more oversight of money flows while giving the user all the speed and efficiency advantages of the underlying blockchain technology.
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January 02, 2018, 04:03:00 AM EDT By Nick Cawley, DailyFX
DailyFX.com -
Bitcoin Talking Points
- A Bitcoin-style digital currency is being actively investigated by the UK central bank.
- A new level of legitimacy but how will Bitcoin compare to a central bank digital token?
Bank of England Cryptocurrency Research Continues Apace
The Bank of England's (BoE) multi-year research program into the implications of a central bank backed digital currency could add another layer of respectability to the cryptocurrency space but may have other implications for market heavyweight Bitcoin (BTC).
According to a release on the BoE's website, if a central bank issued a digital currency, "everyone including businesses, households and financial institutions other than banks", could make payments and store money digitally in addition to making payments in cash. And this could have far reaching implications for monetary policy and financial stability, according to the UK central bank. One of the main attractions/criticisms of Bitcoin and other altcoin payment tokens is that money is able to be moved around digitally away from the control of the central bank. A BoE backed digital currency would give the central bank more oversight of money flows while giving the user all the speed and efficiency advantages of the underlying blockchain technology.
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These 3 Cryptos Have A Bigger Market Cap Than Exxon (Forbes)
These 3 Cryptos Have A Bigger Market Cap Than Exxon
Kenneth Rapoza , CONTRIBUTOR
Opinions expressed by Forbes Contributors are their own.
If only Exxon issued its own cryptocurrency. Discount on gasoline and other products for all holders of the XOM coin. Until that exists, or until it takes billions of shares off market, the big three cryptocurrencies are set to maintain a healthy pace ahead of America's largest oil company in terms of market capitalization. (AP Photo/Mark Humphrey)
The three largest cryptocurrencies -- bitcoin, ripple and ethereum -- now have a combined larger market capitalization than all of Exxon.
That means more money is pumping in and out of these three invisible assets then into a stock that has billions of more shares out there. So here we have a multinational company with bonafide hard assets and prime real estate, a company that controls a commodity needed to heat homes and keep the lights on with a lower market cap than three companies only an MIT student can explain.
$100 Invested In Ripple Would Have Made You $35K, What About The Rest? (Forbes)
$100 Invested In Ripple Would Have Made You $35K, What About The Rest?
Naeem Aslam , CONTRIBUTOR
I cover commodities, FX, equities in developing & emerging markets.
Opinions expressed by Forbes Contributors are their own.
Call it a bubble if you like, but can you really afford to stay out of cryptocurrencies? 'Cryptomania’ was unquestionably the major talking point of 2017.
Mainstream channels stayed away from it early in the year, while the flying pace of the cryptocurrency gauged the attention of grandmothers. By mid-2017, however, Bitcoin exploded above $3000 for the first time and the mainstream channels began to dedicate serious airtime. This fuelled a plethora of “record price” headlines for not only Bitcoin, but also for the other major alternative coins.
More
Naeem Aslam , CONTRIBUTOR
I cover commodities, FX, equities in developing & emerging markets.
Opinions expressed by Forbes Contributors are their own.
Call it a bubble if you like, but can you really afford to stay out of cryptocurrencies? 'Cryptomania’ was unquestionably the major talking point of 2017.
Mainstream channels stayed away from it early in the year, while the flying pace of the cryptocurrency gauged the attention of grandmothers. By mid-2017, however, Bitcoin exploded above $3000 for the first time and the mainstream channels began to dedicate serious airtime. This fuelled a plethora of “record price” headlines for not only Bitcoin, but also for the other major alternative coins.
More
2018 Could Be the Rise of Ripple (Futurism)
WRITTEN BY
Chelsea Gohd
IN BRIEF
2017 was a year of meteoric successful milestones for Ripple (XRP), which is starting 2018 exceeding the $2 mark. At the height of its latest surge, it briefly surpassed the value of its competitor, Ethereum.
RIPPLE’S RISE
In 2017, cryptocurrencies rose from a novel, yet perhaps promising, concept that only a few heavily supported to a booming industry that some believe has the power to rectify the Venezuelan financial crisis. Bitcoin has clearly been leading the pack in terms of both popularity and market value, but ethereum and ripple aren’t far behind. Ripple (XRP), in particular, has had a meteoric year: among the crypto’s most recent success, XRP price is doubling and has now exceeded the $2 mark.
The blockchain-based payment was built for financial institutions and banks to settle and complete transactions more quickly, affordably, and with increased security. A network that launched in 2012, ripple originated in concept as early as 2004 — before bitcoin even existed.
More
Chelsea Gohd
IN BRIEF
2017 was a year of meteoric successful milestones for Ripple (XRP), which is starting 2018 exceeding the $2 mark. At the height of its latest surge, it briefly surpassed the value of its competitor, Ethereum.
RIPPLE’S RISE
In 2017, cryptocurrencies rose from a novel, yet perhaps promising, concept that only a few heavily supported to a booming industry that some believe has the power to rectify the Venezuelan financial crisis. Bitcoin has clearly been leading the pack in terms of both popularity and market value, but ethereum and ripple aren’t far behind. Ripple (XRP), in particular, has had a meteoric year: among the crypto’s most recent success, XRP price is doubling and has now exceeded the $2 mark.
The blockchain-based payment was built for financial institutions and banks to settle and complete transactions more quickly, affordably, and with increased security. A network that launched in 2012, ripple originated in concept as early as 2004 — before bitcoin even existed.
More
Ripple Coming to Coinbase? What Move Would Mean for Surging Cryptocurrency (inverse)
By Alasdair Wilkins on January 2, 2018
Filed Under Bitcoin
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While no cryptocurrency is yet ready to rival bitcoin, a surprise contender has popped up in the race for the silver medal. Originally designed in 2012 to ease bank-to-bank transfers, Ripple now has the biggest market cap of any non-bitcoin cryptocurrency, and there’s still one obvious thing holding back its potential: It’s not yet on Coinbase, the world’s most popular cryptocurrency exchange.
The big questions then for those intrigued in the cryptocurrency’s long-term potential are when it will make its debut on the exchange, and what effect that would have on its price.
Adding Ripple to Coinbase would make it vastly easier for more casual cryptocurrency users to gain access to its XRP tokens, which for now are only available on less user-friendly exchanges like Bitstamp](https://www.bitstamp.net), Bittrex, Kraken, and GateHub. Buying XRP tokens is certainly doable, but it requires more steps than Coinbase’s simple interface would enable.
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How to buy ripple, one of the hottest bitcoin competitors (MSNBC)
How to buy ripple, one of the hottest bitcoin competitors
Todd Haselton | @robotodd
Ripple is one of the hottest new cryptocurrencies and it only costs a bit over $2 per coin.
It's a bit harder to buy than bitcoin, however, since it's not available in popular apps such as Coinbase.
We'll walk you through how to buy some, by first buying ethereum and then using that to buy ripple on an exchange called Bitsane.
If you thought bitcoin was hot, maybe you should learn about ripple. It's another crytocurrency that's been rocketing in popularity lately.
While it was trading at around $0.20 a few months ago, it's now worth more than $2.25 per coin. Ripple is a little different than many other popular cryptocurrencies because it was created by a private, for-profit company that is still the biggest individual owner of the currency.
But ripple isn't as easy to buy as bitcoin or other popular cryptocurrencies, since it isn't available in popular apps such as Coinbase.e currency.
Todd Haselton | @robotodd
Ripple is one of the hottest new cryptocurrencies and it only costs a bit over $2 per coin.
It's a bit harder to buy than bitcoin, however, since it's not available in popular apps such as Coinbase.
We'll walk you through how to buy some, by first buying ethereum and then using that to buy ripple on an exchange called Bitsane.
If you thought bitcoin was hot, maybe you should learn about ripple. It's another crytocurrency that's been rocketing in popularity lately.
While it was trading at around $0.20 a few months ago, it's now worth more than $2.25 per coin. Ripple is a little different than many other popular cryptocurrencies because it was created by a private, for-profit company that is still the biggest individual owner of the currency.
But ripple isn't as easy to buy as bitcoin or other popular cryptocurrencies, since it isn't available in popular apps such as Coinbase.e currency.
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How to buy ripple, one of the hottest bitcoin competitors (MSNBC)
How to buy ripple, one of the hottest bitcoin competitors Todd Haselton | @robotodd Ripple is one of the hottest new cryptocurrenci...
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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 abo...