Ripple CEO Brad Garlinghouse vehemently refuted allegations regarding the hacking of co-founder Chris Larsen's personal XRP accounts. In response to the purported breach, Garlinghouse took to his X account, denouncing the claims as baseless and indicative of irresponsible reporting aimed at casting doubt on the security of XRP wallets. He emphatically asserted that no Ripple-managed wallets were compromised, unequivocally shutting down any speculation to the contrary.
While Garlinghouse's statement sought to reassure stakeholders, Chris Larsen had previously acknowledged unauthorized access attempts on his personal Ripple account. Larsen clarified that the breach was contained, preventing the perpetrator from accessing his assets.
However, cryptocurrency investigator ZachXBT contradicted Larsen's assurances, reporting a staggering theft of approximately $112.5 million worth of XRP tokens. This revelation sent shockwaves through the market, precipitating a decline in XRP's trading price. According to ZackXBT's findings, the stolen funds were swiftly funneled to other exchanges like Binance and Kraken.
Efforts to dispel misinformation ensued, with a community note on X emphasizing the integrity of Ripple's infrastructure while confirming the breach's limited impact on Larsen's personal holdings. Nonetheless, ZachXBT pointed out the misidentification of Larsen's compromised account in XRP block explorers, underscoring the need for accurate attribution and transparency.
Turning to XRP's market performance, analysis using the 20-EMA indicator indicated a necessity for heightened bullish momentum to breach the $0.54 price threshold. However, weakening support at $0.50 suggested vulnerability to further downward pressure, with a potential new support level at $0.46 in the event of increased bearish activity.
As of the latest update, Ripple (XRP) was trading at $0.4969, accompanied by a 24-hour trading volume of $1,126,428,006.14. With a circulating supply of 54 billion tokens, XRP boasted a market capitalization of $27,004,017,481.
In conclusion, the recent hacking incident marks a significant setback for Ripple, representing the largest cryptocurrency theft thus far in 2024. This event underscores the ongoing challenges posed by security vulnerabilities in the crypto space, serving as a cautionary tale for investors navigating this volatile landscape. While Voice of Crypto strives to provide accurate information, readers are urged to conduct thorough research and exercise prudence when engaging with cryptocurrencies, given their inherent risks and uncertainties.
#ripple #Ceo #cryptocurrency #Crypto2024 #XRPSurge
$XRP

#MANTA Read U.Today's #cryptonews digest to make sure you are not missing any of the latest events in the industry!Contents: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. Key reason why Bitcoin failed to reach $50,000 despite ETF being nailed by #MaxKeiser Shibarium witnesses 210% transaction spike as major exchange integrates Shiba Inu L2Ripple blasts SEC, #Ceo highlights agency's failuresTake a look at what's happening in the world of crypto by reading U.Today's top three news stories.Key reason why Bitcoin failed to reach $50,000 despite ETF being nailed by Max KeiserIn a recent X post, Max Keiser, a prominent Bitcoin evangelist, pointed to the likely person responsible for preventing Bitcoin from surging to highs of $50,000, despite the recent approval of spot Bitcoin #ETFs by the SEC. According to Keiser, the "culprit" is Mortimer J. "Tim" Buckley, the CEO at Vanguard Bank; after the regulating agency greenlit spot Bitcoin ETFs last week, the bank announced that it will prohibit its customers from purchasing cryptocurrency and products related to it, including spot Bitcoin ETFs. Following the decision, Buckley said in an interview that the bank would prefer not to offer its clients Bitcoin-based ETFs, as well as gold-based ETFs. According to him, BTC does not have intrinsic value, and there is no cash flow into it.Shibarium witnesses 210% transaction spike as major exchange integrates Shiba Inu L2According to data provided by Shibariumscan, Shibarium's daily transactions saw a 210.4% surge over the past two days. Yesterday, the platform recorded 2.43 million transactions - a significant spike compared to the 1.16 million transactions reported on Saturday, which seems to be the lowest point in recent activity. The trigger for the said increase in transactions is Shibarium's integration by major cryptocurrency exchange Gate.io. As became known from an X post by Shiba Inu team member Lucie, the exchange introduced support for Shibarium; from now on, its users are able to withdraw BONE tokens directly from the platform to the Shibarium network. This achievement marks an important milestone for Shibarium, being the first major integration with a centralized platform.Ripple blasts SEC, CEO highlights agency's failuresAs reported by CNBC, Ripple CEO Brad Garlinghouse poured significant criticism on SEC Chairman Gary Gensler, calling him a "political liability." Garlinghouse's bitter comment was aimed at characterizing Gensler's track record supervising the crypto sector, with lengthy delays in approving spot Bitcoin ETFs and high-profile lawsuits against companies in the crypto industry. The Ripple CEO stated that he does not understand whose interests the SEC chairman represents, as he is acting neither in the citizenry's interests nor in the interests of the long-term growth of the economy. Garlinghouse also underlined the SEC's losing streak, stating, "I think Gary Gensler is doing the same thing over and over again, and he thinks that somehow he’s going to win in court. He has continued to lose in court." Garlinghouse said, "One of the definitions of insanity is doing the same thing over and over again and expecting a different outcome," referring to what he perceives as Gensler’s ongoing anti-crypto campaign.

#Launchpool Ripple CEO and CFTC commissioner to host epic crypto discussion in DavosDisclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.Ripple has announced that its #Ceo , Brad Garlinghouse, will be sharing the stage with Caroline D. Pham, a commissioner of the Commodity Futures Trading Commission (#CFTC ), the federal agency that oversees the derivatives markets, including futures, options and swaps.Garlinghouse and Pham will speak on Tuesday at 4:20 p.m. CET in a session titled "Crypto at a Crossroads: Future-proofing Digital Assets" at Bloomberg House in Davos. The event will be livestreamed on YouTube.LFG! 2024 is going to be big. https://t.co/3CcCQNo4D9— Brad Garlinghouse (@bgarlinghouse) January 16, 2024The World Economic Forum (WEF) is presently convening its 54th annual meeting in the Swiss city of Davos. The five-day gathering is attracting participation from international organizations, civil society leaders, social entrepreneurs and the media.The announcement of Garlinghouse's panel discussion with that of the CFTC commissioner has sparked excitement among the #XRPcommunity , given Ripple's landmark ruling in July 2023 in the SEC lawsuit, which determined $XRP was not a security.The CFTC, in particular, has been viewed as a more friendly and supportive regulator for the crypto industry, having considered most cryptocurrencies as commodities rather than securities, and has allowed the creation and trading of crypto derivatives products, such as futures and options.The visit of the CFTC commissioner to Ripple's office in September 2022 sparked a whole lot of excitement and speculation, with Pham stating the visit was part of her "learning tour."This time, the excitement remains palpable, with expectations that XRP will be projected to the world, and the discussions spearheaded by the #RippleCEO and CFTC commissioner will also pave further ways for more positive developments in the general crypto space.

BlackRock CEO remains tight-lipped on XRP ETF, opting for minimal disclosure.Regulatory clarity distinguishes XRP, Bitcoin, and Ethereum in the cryptocurrency landscape.JP Morgan caught accumulating 7.5 million XRP, signaling interest in the digital asset.

Now that Bitcoin ETFs have become a reality, BlackRock CEO Larry Fink's recent comments during an interview about the possibility of an XRP ETF have raised eyebrows. In response to the question, Fink cryptically stated, "I can't talk about that," adding an air of mystery to the situation. Speculation has arisen, especially considering major players like JP Morgan have been observed accumulating significant amounts of XRP, potentially earmarking it for an ETF.
In the interview with FOX correspondent Charles Gasparino, Fink's ambiguous response has sparked rumors of a potential XRP ETF in its early stages. Notably, XRP holds the legal classification of "not security" as ruled by the US District Court of the Southern District of New York, a status that has implications for its potential inclusion in an ETF.
The legal landscape further reveals that XRP, Bitcoin, and Ethereum are the only three cryptocurrencies currently classified as "not security." Ethereum ETFs are already in line for approval, marking a significant shift in the cryptocurrency market.
The significance of an XRP ETF lies in Ripple's legal standing as a non-security asset, following its victory against the SEC. This legal clarity, combined with the high network throughput and massive community support of Ripple, positions XRP as an attractive option for ETF issuers. With Ethereum ETFs already in the pipeline, attention now turns to XRP's potential ETF.
Gary Gensler's recent comments on Bitcoin ETFs add a layer of complexity. While Gensler stated that a Bitcoin ETF doesn't necessarily set a precedent for other cryptocurrencies, it is worth noting that he voted in favor of a Bitcoin ETF. The threat to an XRP ETF exists, but the groundwork laid by Ripple's legal victory and its practical applications in cross-border payments may expedite the process.
Recent moves by financial giants, such as JP Morgan accumulating substantial XRP holdings, indicate a growing interest in the cryptocurrency. This accumulation could serve as a seed fund for an XRP ETF, given its legal status and widespread use in cross-border payment systems. However, it remains uncertain whether other blockchains or Ripple are facilitating these cross-border transactions.
In conclusion, the prospect of an XRP ETF is gaining traction, fueled by legal clarity, practical applications in cross-border payments, and support from financial giants. While uncertainties persist, including potential regulatory challenges, the groundwork laid by Ripple's legal victory and increasing institutional interest suggest that an XRP ETF may not be far off. As the cryptocurrency landscape evolves, investors should stay informed and exercise caution in this dynamic and volatile market.
#BlackRock #Ceo #XRP #JPMorgan #xrpetf
$XRP

The Impressive Attributes of CZ BinanceBinance, founded by Changpeng Zhao (CZ) in 2017, has swiftly risen to become one of the leading cryptocurrency exchanges globally. CZ Binance, with its remarkable features, has garnered attention for several qualities that contribute to its success and reliability in the crypto sphere.1. User-Friendly Interface: One of CZ Binance's standout qualities is its intuitive and user-friendly interface. Novice traders and seasoned investors alike appreciate the platform's ease of use, making it accessible to a wide range of users.2. Vast Range of Cryptocurrencies: Binance offers an extensive selection of cryptocurrencies for trading, showcasing both popular tokens and emerging altcoins. This diversity allows users to explore various investment options and diversify their portfolios efficiently.3. Liquidity and Trading Volume: CZ Binance boasts high liquidity and substantial trading volumes across various crypto pairs. This liquidity ensures that users can execute trades swiftly without significant price slippage, contributing to a seamless trading experience.4. Security Measures: Binance prioritizes the security of its users' funds and personal information. With robust security protocols like two-factor authentication (2FA) and cold storage for the majority of funds, Binance has maintained a commendable track record in safeguarding its users' assets.5. Constant Innovation and Development: CZ Binance's commitment to innovation and development is evident through its continuous introduction of new features and services. From launching futures and margin trading to the creation of Binance Smart Chain (BSC) and decentralized finance (DeFi) initiatives, the platform consistently evolves to meet the dynamic needs of the crypto community.6. Support for New Projects and Startups: Binance has established various programs and initiatives to support promising blockchain projects and startups. Through initiatives like Binance Launchpad, Binance Labs, and funding opportunities, the platform contributes to fostering innovation and growth within the crypto space.7. Global Accessibility and Support: CZ Binance operates globally and provides support in multiple languages, catering to a diverse user base worldwide. This inclusivity enhances accessibility and ensures that users from different regions can easily navigate and utilize the platform's services.8. Community Engagement and Education: Binance actively engages with its community through educational resources, webinars, and articles to empower users with knowledge about blockchain technology and cryptocurrency trading. This commitment to education fosters a more informed and empowered user base. #CZBinance #Ceo