$33M Worth XRP Transaction Detected

Addresses are not assigned to organizations or to a specific person
28 December 2018   764

On December 27, a transaction for 90 million XRP was recorded in the Ripple network, the total amount of which at the time of the transfer was about $ 33 million. Note that the sender's and recipient's wallets are not assigned to organizations or to a specific person.

This was followed by another major transaction for 30 million XRP ($ 11 million). It isn't  associated with the exchanges or the company.

Note that last week 51 million XRP ($ 22.3) were transferred to the Bitstamp exchange, and today, December 28, another 17.5 million coins from the Ripple OTC wallet.

Meanwhile, the XRP rate follows a general downtrend, losing in the price about 5% in the last 24 hours.

Earlier, Coinbase confirmed the movement of cryptocurrencies for a total of $ 5 billion.

Coinone to Join RippleNet

Coinone and Ripple cooperation started in May 2018, and now exchange believes it will help to create wide range of blockchain based financial services
18 June 2019   305

The Korean exchange Coinone, a member of the Big Four of Asian cryptocurrency exchange platforms, has joined the RippleNet network, AMBcrypto reports. Through participation in RippleNet, Coinone will be able to use Ripple's xCurrent solution to provide interbank services to its customers.

Coinone CEO Shin Won Hee, in a conversation with local media, said that his company would rely on cooperation with SBI Ripple Asia in creating a wide range of financial services based on blockchain technology.

According to the media, Coinone was the first exchange in South Korea, which joined RippleNet. As part of the cooperation with SBI Ripple Asia, Coinone intends to “organize overseas remittance events for 3,000 new subscribers to the block chain overseas remittance service.”

Coinone and Ripple started working together in May 2018, when the company integrated xCurrent solution into its own payment service called Cross. According to updated data, customers of the exchange can send transfers to eight Asian countries through the system, taking advantage of reduced commissions.

Earlier this month, Siam Commercial Bank, the largest commercial bank in Thailand, said it would use XRP cryptocurrency in its operations, but later, for unknown reasons, refused this statement.