bitcoinisking Posted January 3, 2020 Share Posted January 3, 2020 XRP, the digital asset of Ripple and the third-largest cryptocurrency, became one of the worst-performing coins in 2019 when the price dropped by nearly 99% from the 2018 peak. It not only closed the year of losses but also established a new bear market. As AZCoin News reported, when 2020 just started, Ripple Escrow transferred 200 million XRP from the escrow wallet to an address owned by Ripple Labs, fintech companies use cryptocurrencies and corresponding ledgers to improve financial services. Almost immediately after, Ripple Escrow opened 1 billion XRP. About 48 hours after unlocking, Ripple Escrow transferred 1 billion XRP to Ripple and locked the same amount in escrow at Ripple. Despite these unusual moves, the XRP price remains fairly stable within the range of $ 0.185 – $ 0.19.https://azcoinnews.com/ripple-suddenly-locked-1-billion-xrp-will-token-price-increase.html DavyJones and Kumo 1 1 Link to comment Share on other sites More sharing options...
robertbruce Posted January 3, 2020 Share Posted January 3, 2020 (edited) *sigh* Finally Swift is buying Ripple LLC but wants the escrowed XRP escrowed at Ripple! Edited January 3, 2020 by robertbruce Kumo and earth 2 Link to comment Share on other sites More sharing options...
SquaryBone Posted January 3, 2020 Share Posted January 3, 2020 3 hours ago, bitcoinisking said: XRP, the digital asset of Ripple and the third-largest cryptocurrency, became one of the worst-performing coins in 2019 when the price dropped by nearly 99% from the 2018 peak. It not only closed the year of losses but also established a new bear market. As AZCoin News reported, when 2020 just started, Ripple Escrow transferred 200 million XRP from the escrow wallet to an address owned by Ripple Labs, fintech companies use cryptocurrencies and corresponding ledgers to improve financial services. Almost immediately after, Ripple Escrow opened 1 billion XRP. About 48 hours after unlocking, Ripple Escrow transferred 1 billion XRP to Ripple and locked the same amount in escrow at Ripple. Despite these unusual moves, the XRP price remains fairly stable within the range of $ 0.185 – $ 0.19.https://azcoinnews.com/ripple-suddenly-locked-1-billion-xrp-will-token-price-increase.html So this is the monthly escrow release and putting 1 billion back in escrow? What's special about this one after 2 years of this escrow system that's worthy an "article". Kumo and earth 2 Link to comment Share on other sites More sharing options...
robertbruce Posted January 3, 2020 Share Posted January 3, 2020 2 hours ago, SquaryBone said: So this is the monthly escrow release and putting 1 billion back in escrow? What's special about this one after 2 years of this escrow system that's worthy an "article". What's special is it sounds like Ripple has escrowed the escrow in a separate Ripple wallet rather than returning it to the XRP Escrow 2 hours ago, SquaryBone said: Ripple Escrow transferred 1 billion XRP to Ripple and locked the same amount in escrow at Ripple Link to comment Share on other sites More sharing options...
SquaryBone Posted January 3, 2020 Share Posted January 3, 2020 14 minutes ago, robertbruce said: What's special is it sounds like Ripple has escrowed the escrow in a separate Ripple wallet rather than returning it to the XRP Escrow All escrow wallets are Ripple wallets, right? I understand what you mean but I've heard some very wild stories in the past and I believe back then they just cycled to a new set of wallets or something. I don't read these clickbait articles as it's usually community that's reading too much into it and "connecting imaginary dots". ringer2 and Cesar1810 2 Link to comment Share on other sites More sharing options...
robertbruce Posted January 3, 2020 Share Posted January 3, 2020 19 minutes ago, SquaryBone said: All escrow wallets are Ripple wallets, right? I understand what you mean but I've heard some very wild stories in the past and I believe back then they just cycled to a new set of wallets or something. I don't read these clickbait articles as it's usually community that's reading too much into it and "connecting imaginary dots". they normally take about three days to re-escroy back to the same wallet... agrees about the clickbait Cesar1810 1 Link to comment Share on other sites More sharing options...
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