• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    best crypto airdrops

    List of the Best Crypto Airdrops for July 2022

    How to Withdraw Money from Crypto.com

    How to Withdraw Money from Crypto.com

    4x.fm

    4x.fm Launches a New Copy Trader Technology

    best mining motherboard

    Best Mining Motherboard for Cryptocurrency in 2022

    Where to Buy Evergrow Coin

    Where to Buy EverGrow Coin – A Complete Beginners Guide

    how to buy safemoon on bitmart

    How to Buy Safemoon on Bitmart – A Complete Beginners Guide

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Ripple’s OTC Trading Operation Creates Multi-Million Dollar Crypto Wave

Anca F. by Anca F.
March 6, 2019
in Ripple

Ripple’s first over-the-counter sale of XRP has attracted the attention of many crypto whale watchers as 60,000,000 XRP worth about $19 million were moved to an unknown third party wallet.

The San Francisco-based Ripple sells parts of its XRP holdings in over-the-counter deals during the course of the year, meaning that the deals are negotiated long before the selling date at an established price.

🚨 60,000,000 #XRP (19,038,280 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet

Tx: https://t.co/hJeI6bLZx2

— Whale Alert (@whale_alert) March 5, 2019

This month’s scheduled transfer created a massive wave as a large amount of Ripple’s XRP was shifted to an unknown wallet. Ripple releases one billion XRP on a monthly basis from its escrow accounts to be able to have enough readily available to sell to accredited investors, institutions and crypto exchanges. The remaining funds are locked back into escrow at the end of the month.

Ripple issues each quarter thorough records of its sales. Its most recent report states that $129.03 million worth of XRP were sold in the fourth quarter of 2018, and a value worth of $535.56 million was sold during the entire year.

“In Q4 2018, three billion XRP was again released out of escrow (one billion each month). 2.4 billion XRP was returned and subsequently put into new escrow contracts.

The remaining 600 million XRP not returned to escrow is being used in a variety of ways to help support the XRP ecosystem, including the RippleNet Accelerator Program and Xpring investments like Securitize.”

Currently, Ripple is in control of 53.5 billion XRP, which is estimated to be around 54% of the total supply. XRP is currently being traded at $0.317587, with a circulating supply of 41,432,141,931 XRP.

Tags: Crypto whale alertMonthly sellOTCRippleXRP
Previous Post

vTrader, the Romanian Crypto Exchange Platform

Next Post

QuadrigaCX Receives Term Extension to Locate Missing Funds

Anca F.

Anca F.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

Coinbase fired workers

New York State Residents Can Now Buy XRP via Coinbase

by Joshua T.
May 14, 2019

Coinbase, a San Francisco-based top ranking crypto exchange has recently announced support for Ripple (XRP) for its New York state-based...

Ripple (XRP)

1 Billion Ripple (XRP) Tokens Moved From Ripple’s Escrow Account

by Joshua T.
May 1, 2019

A crypto centric twitter account, known as Whale Alert has recently made some posts indicating that a huge amount of...

Saudi British Bank (SABB) Launches Ripple Powered Instant Cross-border Transfer Service

by Joshua T.
April 26, 2019

Saudi British Bank (SABB) a Riyadh-based Saudi joint stock company has launched an instant cross-border transfer service powered by Ripple....

SCB

Using Ripple Tech, Thai Oldest Bank Reduced Cross-Border Transaction Time From 2 Days To 1 Minute

by Joshua T.
April 24, 2019

A recent report has it that Thai oldest bank, Siam Commercial Bank (SCB), has made a cross-border payments transfer using...

XRPL Labs

XRPL Labs Launches Mobile Payment App for Store Owners to Accept XRP Quickly and Easily

by Joshua T.
April 19, 2019

  XRPL Labs, a startup backed by Ripple’s fundraising and development arm—Xpring, has recently launched a new payments app which...

OMGFIN Ripple

OMGFIN Exchange Has Added Support for Ripple (XRP)

by Anca F.
March 26, 2019

OMGFIN, an Estonia-based exchange platform, has announced today that it will be extending its list of supported cryptocurrencies by adding...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

best crypto airdrops

List of the Best Crypto Airdrops for July 2022

July 1, 2022
How to Withdraw Money from Crypto.com

How to Withdraw Money from Crypto.com

June 29, 2022
4x.fm

4x.fm Launches a New Copy Trader Technology

June 27, 2022
best mining motherboard

Best Mining Motherboard for Cryptocurrency in 2022

June 27, 2022
  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.