• Ripple burn $30B XRP
    Ripple,  XRP

    Ripple CTO: Community could force us to burn $30B

    Ripple’s David Schwartz admitted on a Twitter thread that XRP validators could vote to force the international payments company to destroy 50B XRP—just like the Stellar Foundation did with XLM

    Schwartz’s comment came in response to a question on a Twitter thread that asked, “If Nodes, validators and the community at large got together and we agree that it's better for the community to burn the 50 billion XRP ripple has in escrows would that be possible?” Schwartz replied, "Yes. There would be nothing Ripple could do to stop that from happening.”

  • battle XRP stellar
    Alt coins,  XRP

    As altcoins make waves, is a new battle shaping up between XRP and Stellar?

    Figures from eToro show XRP had the biggest month-on-month increase in trading activity during November, but it was Stellar that had bigger price gains

    The heightened demand came as the world’s third-biggest cryptocurrency surged by 150% over the course of the month. As Modern Consensus reported last week, this could have been driven by BTC and ETH’s healthy performance, rumors of products that could unlock new use cases for XRP, and a spike in the number of new accounts activated on the XRP Ledger.

  • markets report bitcoin price altcoins
    Bitcoin,  Markets Report

    Markets Report: Bitcoin Tops $19,000 as Altcoins Return to Traders’ Radar

    Major gains for Stellar and XRP buoy and resurging crypto market as Bitcoin comes within 3% of all-time highs

    Data from price trackers including Bitcointicker and TradingView showed BTC/USD ascending through the $18,000 range to add $500 in an hour during Tuesday trading. The move is significant, marking Bitcoin’s highest price since December 18, 2017 — the height of its record-breaking bull run to $20,000. It follows a day of mixed performance, with $18,000 holding as support.

  • This doesn't look like a good business plan (via Pixabay).
    Alt coins

    Stellar burned by $3.5 billion gamble

    The Stellar Development Foundation just lost billions to give other lumen cryptocurrency owners a mere $260 million windfall.

    On November 5, the Stellar Development Foundation shocked attendees of its first Stellar Conference in Mexico City by announcing that 55 billion of the 105 billion lumen (XLM) in existence had been “burned” by sending them to a wallet with no key.