U.S. crypto entrepreneurs Tyler and Cameron Winklevoss have won a patent for a system to provide crypto-based exchange-traded products (ETPs), according to a patent filing published by the U.S. Patent and Trademarks Office (USPTO) June 19.
The new patent represents systems, methods and program products for using ETPs that hold “digital assets” and “other products and/or services related to ETPs holding digital assets,” such as Bitcoin (BTC) and other cryptocurrencies, including Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).
Filed on Nov. 27, 2017 by Winklevoss IP, the patent includes both brothers as the inventors, as well as Evan Louis Greebel, Kathleen Hill Moriarty and Gregory Elias Xethalis.
In May, the Winklevoss brothers were granted a similar patent for a system that allows Winklevoss IP to settle ETPs using cryptocurrencies.
In April, the Winklevoss’ cryptocurrency exchange Gemini, partnered with leading stock exchange Nasdaq to monitor markets using NASDAQ’s SMARTS Market Surveillance Technology.
XRP price is stabilizing above its 50-day moving average as whale deposits to Binance fall to their lowest level since 2021, easing sell pressure. XRP was trading at $2.06 at press time, down 1.9% over the past 24 hours. The…
Ripple has secured a critical regulatory foothold in the European Union, marking the firm's second major licensing victory in less than a week. On Jan. 14, the crypto-focused payment company announced it received preliminary approval from Luxembourg’s regulator, the Commission de Surveillance du Secteur Financier (CSSF), for an Electronic Money Institution (EMI) licence.
XRP slides 3% and loses fourth place to BNB even as spot ETFs keep adding exposure, with price trapped between rising ETF demand and stiff technical resistance. XRP dropped 3% in the past 24 hours, losing its fourth-place position in…
XRP price pulled back for the second consecutive day after the Senate withdrew the planned CLARITY Act markup. Ripple token dropped to $2. 090, down from this week’s high of $2. 188. It also remains in a local correction after falling by 13% from its highest point this year.
The cryptocurrency market is in the green following a rocky start to the week. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have increased in value by 4%, 7%, and 5%, respectively, over the last 24 hours.
Ripple’s developer arm RippleX says the XRP Ledger’s “Permissioned Domains” amendment is nearing its activation threshold, positioning the network to roll out institution-friendly access controls that could underpin a permissioned version of XRPL’s native decentralized exchange.
Key takeaways XRP is trading above $2. 0 after adding 1% to its value in the last 24 hours. If the $2. 0 psychological level holds, XRP could rally towards the $2. 5 psychological region. XRP is approaching the $2.
