Ripple CTO Clears The Air On How Much XRP He Actually Owns

Ripple CTO Clears The Air On How Much XRP He Actually Owns
фото показано с : zycrypto.com

2024-5-2 16:37

Ripple’s chief technology officer, David Schwartz, addressed the rumors that he liquidated his XRP holdings in a recent post on the X micro-blogging site.

Schwartz set the record straight after one anonymous user on X claimed the executive’s SEC statements showed that he sold billions of XRP to buy Ethereum (ETH) and Bitcoin (BTC).

Ripple CTO Reveals Information About His Crypto Holdings

David Schwartz, one of the original architects of the XRP Ledger, has disclosed how much XRP he owns in a recent conversation on X. Schwartz indicated that he held roughly 26 million XRP at the peak of his holdings. 

He further clarified that contrary to rumors, he has never sold XRP and used the proceeds to acquire other cryptocurrencies. Schwartz, however, admits to offloading small amounts of XRP for some “unusual” purposes. 

He further explained that while he previously liquidated some Bitcoin (BTC), it was to purchase more XRP and ether and not to diversify into other crypto assets. 

“There were times when it was difficult to sell XRP for USD directly. During those times, I would trade XRP for BTC and then sell the BTC for USD. I believe I permanently stopped accumulating BTC before XRP even existed, but I’m not 100% sure,” Schwartz added.

Me? At my peak holding, I had about 26 million XRP. I sold BTC to buy XRP and ETH. I don't think I've ever sold XRP to buy another crypto except maybe small amounts for some unusual purpose.

— David "JoelKatz" Schwartz (@JoelKatz) April 29, 2024

This revelation is noteworthy as it shows Schwartz’s conviction in XRP despite extreme price volatility and the long-drawn-out Ripple vs SEC courtroom drama. His decision to convert BTC into XRP and Ethereum further highlights his confidence in these crypto assets’ real-world utility and long-term potential.

XRP has gained 4.30% of its value in the last 24 hours to trade for $0.51 amid global economic uncertainty.

In more bullish news, SBI Group is set to become the first Japanese corporation to leverage XRP Ledger (XRPL) blockchain supply chain solutions. Ripple aims to extend enterprise blockchain solution use cases to Japan after entering into a strategic partnership with Tokyo-based consulting firm HashKey DX.

origin »

Ripple (XRP) на Currencies.ru

$ 2.0753 (+0.47%)
Объем 24H $6.309b
Изменеия 24h: 0.35 %, 7d: -6.76 %
Cегодня L: $2.0147 - H: $2.1124
Капитализация $119.144b Rank 4
Цена в час новости $ 0.5224 (297.26%)

xrp ripple addressed liquidated rumors recent holdings

Источник: zycrypto.com

xrp ripple → Результатов: 126


Фото:

Ripple предупредила о росте числа криптомошенничеств на фоне бычьего ралли XRP

Компания Ripple предупредила подписчиков в соцсети Х о массовых случаях фишинга и мошенничества на фоне роста крипторынка, в частности, криптоактива XRP.

2024-12-3 12:57


Фото:

XRP выросла на 20% после встречи гендиректора Ripple с Трампом

Американское издание FOX Business сообщило, что генеральный директор Ripple Брэд Гарлингхаус встретился с избранным президентом США Дональдом Трампом. На фоне этой новости криптовалюта XRP выросла на 20% — до $0,9842.

2024-11-18 11:49


Сколько XRP у Ripple? Компания раскрыла свои резервы

Недавно Ripple опубликовала отчет по XRP за четвертый квартал 2024 года, в котором поделилась, сколько именно XRP у нее на счетах. Судя по отчету, Ripple держит запасы в двух «карманах»: Свободный XRP — токены, которые у компании прямо в кошельке.

2024-11-3 12:03


Фото:

Ripple at crossroads as co-founder moves 30 million tokens amid reserve surge

Ripple (XRP), one of the most prominent cryptocurrencies, has garnered attention due to a series of significant market and on-chain events that have left the XRP community uneasy. With developments around large token transfers and increasing exchange reserves, questions have arisen about the future direction of XRP’s price. In this article, we explore these key […]

2024-9-27 21:56


Why Ripple’s XRP Has an Edge Over Bitcoin and Ethereum in the Race for Practical Cryptocurrency Adoption

A crypto analyst from the YouTube channel AllinCrypto presented a video to prove that Ripple’s XRP has the best chance of being used as a currency compared to other cryptos. His argument is that the strength of XRP is not that it uses a currency but that it can enable the existing fiat currencies’ capabilities […] The post Why Ripple’s XRP Has an Edge Over Bitcoin and Ethereum in the Race for Practical Cryptocurrency Adoption appeared first on CaptainAltcoin.

2024-8-29 23:45


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

“XRP Trading Is on Fire” Asserts Billion-Dollar Crypto Brokerage Firm’s Executive

XRP continued its sluggish trading trend as the weekend approached, dampening hopes of a Santa Claus rally this December amid a broader crypto market pullback led by Bitcoin. However, it’s worth noting that the crypto asset experienced a historic surge last month, skyrocketing over 470% in November and reaching $2.89, a level not seen in […]