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41.6 Mln XRP Sent Between Crypto Giants Over Last Ten Hours

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Mon, 02/24/2020 - 14:31
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  • Three major crypto exchanges are moving jaw-dropping amounts of XRP, while a crypto trader spots a Golden Cross pattern on an XRP chart

Cover image via www.shutterstock.com
Contents

A Twitter user has posted an XRP chart showing a Golden Cross pattern, promising an imminent price surge. Meanwhile, three large crypto exchanges are moving gargantuan amounts of XRP between one another.

‘XRP Golden Cross’

Twitter user @gordongekko369 has shared a screenshot that says that the third-largest crypto coin XRP has formed a bullish pattern called a Golden Cross. Usually, after this is forms, the price of a currency is expected to skyrocket.

On the chart, @gordongekko369 shows that he expects XRP to soar well above $0.37.

XRP 1
Image via Twitter

A short while ago, a Golden Cross was also noticed on Bitcoin charts. However, instead of soaring, the BTC price dropped below the $10,000 level.

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41.6 mln XRP transferred

The XRPL Monitor reports that two astounding fund transfers have been conducted in XRP, totaling approximately 41.6 mln. That’s $11,419,591.

The data supplied by analytical website Bithomp says that two top crypto exchanges – Binance and Huobi – and a smaller one, Bithumb, were involved.

25 mln XRP was transferred between Bithumb wallets. In the second transaction, Huobi sent 16,660,000 XRP to Binance.

XRPL Monitor
Image via Twitter

 

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Tue, 03/31/2020 - 17:59
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  • Ripple's development platform proposes to add an opt-in privacy feature to the XRP Ledger

Cover image via stock.adobe.com
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Ripple's development arm Xpring has come up with a new proposal to add an "opt-in" privacy feature to the XRP Ledger. It's now up to the community to review the proposal via GitHub.   

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Private transactions  

In his blog post, Warren Paul Anderson, the head of the Xpring developer community, explains that XRP can be made anonymous with the help of 'blinded tags' that would obfuscate the source and destination tags from anyone apart from from the originator and the source of a specific transaction. 

In such a way, private payments on the XRP Ledger would appear 'random' to third parties.  

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Streaming payments  

Xpring also made an announcement about the Xpring Wallet adding support for the STREAM protocol. It allows users to send and receive in the form of encrypted packets of money or data over blockchain-agnostic Interledger by establishing an HTTP connection.  

All developers can now integrate streaming payments into their applications with the help of Testnet XRP.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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