Former Ripple Labs founder Jed McCaleb is nearing the end of his eight-year Ripple (XRP) dump marathon, with only 81.53 million XRP, worth $26.55 million at the time of writing, remaining in his wallet’s balance. According to Jed Balance, a website tracking his XRP holdings, McCaleb’s wallet name “tacostand” has been shedding an average of 4.06 million XRP over the last month but has ramped up daily transfers to 7.34 million XRP, worth $2.39 million, since Sunday. At the current rate of selling, his wallet may be depleted within the next two to three weeks, to the delight of the …

After ending 2020 facing a lawsuit from the U.S. Securities and Exchange Commission under Donald Trump’s administration, Ripple’s leadership is looking to the new year and a new U.S. President to bring a change in regulations more favorable to the firm. According to a post on the Ripple website featuring comments from key executives, the firm is predicting the incoming Biden administration will most likely “bring a renewed focus on regulation and enforcement” in the crypto space. “As we’ve seen, a lack of a clear regulatory framework over the last four years in the U.S. especially has left fintech and …

Stellar CTO and Ripple architect Jed McCaleb cashed out a whopping $411 million in XRP in 2020, according to an updated report from blockchain analytics account Whale Alert. McCaleb sold 1.2 billion XRP throughout the year at an average price of $0.34 per coin — amassing close to half a billion dollars. The sum reportedly represents 27% of McCaleb’s XRP stash that is held in a settlement account with Ripple Labs, and marks a sharp acceleration of his sales to date. He sold roughly one billion XRP in the five years between 2014 and 2019. We have updated our analysis …

Update 12.31.2020 at 15:49 ET. Grayscale has clarified to Cointelegraph that despite the data set published by Bybt on Dec. 30, the fund has not liquidated positions in XRP or XLM. Grayscale's commentary is available here. Grayscale Investments, the world’s largest digital asset manager, has reportedly dumped a significant portion of its XRP and XLM holdings. Data from Bybt, a cryptocurrency futures trading platform, reveals that Grayscale’s XRP holdings declined by more than 9.18 million on Dec. 29, bringing its total position to 26.45 million XRP, worth $5.77 million at press time. On the same day, Grayscale reportedly liquidated over …

A new report by blockchain intelligence firm Flipside Crypto indicates that trading activity for XRP slows down considerably on the weekends. The question is, why? In the report called “4 Things To Know About XRP Money Flows”, the company analyzes the flows of XRP through the ecosystem and notes that activity for XRP drops significantly on the weekend. It theorizes that this is likely due to a lack of consumer or retail interest in the asset: “The bar chart above shows a clear pattern, with significantly lower XRP activity on weekends than during business days. This is not the case …

Analyzing known wallets for Ripple co-founder Jed McCaleb shows he sold off at least 54 million XRP between April 1-30. According to a May 2 report by TheCryptoAssociate based on data from McCaleb’s known addresses, the Ripple co-founder appears to be liquidating his supply of tokens on a regular basis. Data shows that the wallet address supposedly used by McCaleb to sell XRP received an average of 1.8 million tokens daily in April, totaling 54,215,405 XRP — $11.7 million at the time of press. Billions of XRP left to sell McCaleb is a key figure in cryptocurrency’s history, having created …

Analysis by blockchain monitor Whale Alert suggests that Ripple co-founder Jed McCaleb sold off more than one billion XRP between 2014 and 2019. In a Medium post published on Feb. 6, Whale Alert estimated that McCaleb has another 4.7 billion XRP left to sell, equating to around 5% of the total supply. At today’s prices, the hoard is worth more than one billion U.S. dollars, dwarfing the $135 million Whale Alert estimates he has made via XRP sales to date. McCaleb sold another 19 million, or $4.13 million worth last month — and Whale Alert believes the rate may increase …

Mt. Gox founder Jed McCaleb is being sued by two traders who used the doomed exchange, court documents filed on May 19 show. Joseph Jones and Peter Steinmetz have accused the ex-CEO of fraudulently and negligently misrepresenting the exchange. The pair also allege that McCaleb was aware of “serious security risks” back in late 2010 or early 2011 — more than three years before 850,000 bitcoin (BTC) was stolen in an audacious hack. Their complaint adds: “Rather than secure the exchange, McCaleb sold a large portion of his interest in the then sole proprietorship, and provided avenues to the purchases …

“Few tangible uses for Bitcoin (BTC) and its underlying blockchain technology have emerged,” according to a Wall Street Journal (WSJ) article published Jan. 1. According to WSJ, in 2017 actual crypto development “took a back seat to getting rich.” The article also states that “at the beginning of 2018, the question was whether Bitcoin could live up to the hype of 2017’s manic rally,” and at the end of 2018 the answer was “no.” Andy Bromberg — the founder of Coinlist — a platform for running regulatory-compliant token sales, explained that the next step for crypto was figuring out “how …

Most financial institutions will not use Bitcoin (BTC), payment network Stellar’s co-founder and CTO Jed McCaleb stated in an interview with Yahoo Finance Dec. 31. Speaking to the online news outlet, McCaleb — who is also known as one of the founding fathers of defunct Japanese Bitcoin exchange Mt. Gox, as well as the co-founder of Ripple — made an argument in favor of the use of permissionless, open blockchains in finance. He told reporters bluntly: “It doesn’t need to be the bitcoin blockchain, but if it’s not a public chain, then you’re missing the point.” McCaleb also levelled criticism …

Stellar CTO and co-founder, as well as Mt. Gox creator, Jed McCaleb told CNBC March 21 about his vision for a singular global payments system – one that will crucially involve Blockchain technology. Stellar, which like Ripple is a Blockchain-powered international remittance setup with its own cryptocurrency, is currently attempting to create such a network. “In the future, I think it's pretty clear to me there will be a universal payments network that will operate,” McCaleb said. While the solution he sees might not necessarily have Bitcoin or Ethereum at its heart, it would involve a “public ledger that people …