February 7, 2020

Novogratz: This Year XRP Performance is Questionable

Novogratz answered questions from an audience of registered investment advisors (RIA). And towards the end of the panel discussion, the conversation turned to XRP, the native cryptocurrency of the Ripple ecosystem.

It is worth noting that Novogratz invested $ 23.8 million in Ripple and estimated its share at $ 27.6 million as of September 30, 2019.

Ripple responds

So what is the essence of the conflict? The stock analogy of XRP is a particularly sensitive issue for Ripple.

There is also evidence that for several years Ripple has been conducting a class action lawsuit, the essence of which is that XRP is an unregistered security system.

In turn, Breanne Madigan, Ripple’s vice president of global institutional markets, noted that XRP is primarily a digital asset and should not be equated with stocks since ownership does not give miners any rights to a share in the company.

To all of the above, Novogratz also commented that, from a customer perspective, Ripple has keen XRP followers in Asia. Given the fact that the company lost 46.3% of its value last year, he also suggested that this trend could continue.

Which is more centralized?

At the conference already mentioned, Mike described the sale of digital currency as one giant pool, which is a regular seller, which shows its centralized nature of the sales order.

The company Ripple provides arguments to prove otherwise. Evidence of a decentralized sales policy can be, for example, the existence of more than 150 known validators, and Ripple controls 7 of these 150+ validators, making XRP more decentralized than BTC or ETH, which, in turn, are controlled by Chinese mining groups.

To date, XRP has shown impressive growth. This is perfectly demonstrated by the fact that prices have risen by almost 27 percent since January 1. But even despite all these positive dynamics in pricing, XRP is still 29 percent behind Bitcoin’s progress.

Madigan also spoke out about the fact that disinformation is one of the biggest problems that the entire crypto industry continues to face, throwing a stone into the garden is Novogratz.


This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose.

You may also like
February 27, 2020
Tighter control over cryptocurrency exchanges: which laws will come into force in 2020?

Recently, cryptocurrency exchanges began to grow like “mushrooms after the rain.” Those who are only interested in cryptocurrency or are already an active trader have some idea about this type of trading floors. If you look more deeply cryptocurrency exchanges can differ significantly from each other. First of all, this concerns the interaction of the system with users, the features of verification, the availability of technical support. An important difference is the terms of trade offered by cryptocurrency exchanges. Also, users can compare trading exchanges by the convenience of the interface, the availability of various options and tools that are

February 27, 2020
Anthony Pompliano Сommented on The Recent Warren Buffett’s Opinion in Solely Negative Terms

Meanwhile, crypto-community continues discussing the negative statements of the famous billionaire Warren Buffett about digital assets, serving as the backdrop to the cost of the most capitalized cryptocurrencies was reduced. During a charity event, CEO of the TRON crypto project Justin Sun won the right to have dinner with a businessman. As part of the meeting, the specialist wanted to change the investor’s opinion on digital assets. According to the head of the startup, during dinner, he handed over to the billionaire a certain amount of BTC and TRON. However, in a recent CNBC interview, Warren Buffett denied that he

February 26, 2020
Crypto Crime Continues Increasing: France And Austria Are Teamed Up Against Cyber Fraud

In the cryptocurrency market, an issue of the increasing number of fraud incidents remains an acute fraud. Experts from France and Austria decided to team up to develop an innovative solution that will allow minimize the risk of money laundering, theft, other illegal activities. Development of new technologies to combat crypto crime A new stage in the fight against crypto-crime is directly related to the e-NIGMA platform development. E-NIGMA is a joint project of the French blockchain security company NIGMA Conseil and the Austrian Institute of Technology (AIT). Following the developers’ plan, this platform will cover organizations that are already

Get early access

Don’t miss your chance to pre-register today and enjoy all the benefits of early adopters in the future!