Ripple's daily volume tops $2.3 billion

Ripple's XRP Price Climbs 40% and its daily volume tops $2.3 billion 
24 August 2017   3692

It has been reported recently that the price of XRP is up more than 40%, according to the data provided by coinmarketcap.com. Thus, XRP was trading between $0.23 and $0.24. 

Now, Ripple's XRP not only price climbs 40%, but also increases its daily volume, which now is more than $2 billion.

Ripple XRP charts on coinmarketcap.com Ripple XRP charts on coinmarketcap.com

On august 22nd, Ripple's trading volume soared to $1.45 billion, shattering its previous all-time high. Yesterday, it increased further with 24-hour volume topping out at $2.3 billion at about 12:15 UTC.

It is believed, that such a surge has something to do with the rumours about Korean market showing interest in the cryptocurrency. Notably, the same thing goes to Monero and Ethereum Classic, that have also earned profit from the situation.   

The gossips about a mysterious Ripple's partnership with Asia have begun on the company's social media. Thus, it is believed that Ripple is about to announce a major partnership with a bank or corporation, most likely in Asia. The rumours are based on the fact that Ripple’s Twitter page has been teasing out an announcement about their upcoming conference with a multi-day countdown. Some Twitter users noticed that a geometric resemblance between the shape in the tweet and the Korean subcontinent.

Karpeles to Face Another 10 Years in Jail

Japanese enforcements agencies blamed Mt. Gox CEO in stilling $3M
12 December 2018   42

Japanese prosecutors blamed the head of the already inactive exchange Mt. Gox Mark Carpeles in embezzling 341 million yen ($ 3 million) from a bank account trading platform. The prosecutors made the corresponding statement in the Tokyo District Court, demanding 10 years of imprisonment for Karpeles, reports The Mainichi.

[Mark Karpeles] diverted company funds to such uses as investing in a software development business for personal interest" and "played a great role in totally destroying the confidence of bitcoin users.
 

Japanese prosecutors

It is noted that in September-December 2013, the head of MtGox allegedly transferred funds to personal bank accounts, and then invested in the software development business.

Carpeles is also accused of faking the data of the trading system of the exchange for the fabrication of balance sheets.

The deadline for accepting applications from affected investors as part of the civil rehabilitation of Mt. Gox has been extended until the end of December.