200 mln XRP transacted between anonymous wallets, while big XRP fan no longer invest in it
There have been three huge XRP remittances done on the Ripple network. In it, 200 million XRP was deposited between anonymous wallets, equivalent to $ 47,639,857. This proves that even though the XRP price is nothing special, the community is still loyal and interested in XRP strongly.
200 million XRP has been transferred in the market
More than seven hours ago, a total of 200 million XRP were circulated in the market in just three transactions. However, these transactions are conducted between anonymous wallet addresses. Therefore, we do not yet know what their purpose is.
Transaction Type: Payment
Amount: 50,000,900 XRP
Fee: 10,000 drops (0.01 XRP)
Sender: rP3HhnqeZ2W3RK5h3dfntuBFPBtiX6vE9U
Sender Balance: 99.97
Receiver: rpJ1BhrX53FQ8hwJhTcTxPNXpvQADiMi6Y
Receiver Balance: 50,000,900
Link: https://t.co/4XYBlcapBf— XRPL Monitor (@XRPL_Monitor) March 5, 2020
Transaction Type: Payment
Amount: 50,000,000 XRP
Fee: 10,000 drops (0.01 XRP)
Sender: rP3HhnqeZ2W3RK5h3dfntuBFPBtiX6vE9U
Sender Balance: 50,000,999.99
Receiver: r3LWaQrXPv3f6dhKK6ZzkSSdBMN9RujZqR
Receiver Balance: 50,000,000
Link: https://t.co/yNB2UwdPgO— XRPL Monitor (@XRPL_Monitor) March 5, 2020
Transaction Type: Payment
Amount: 100,000,000 XRP
Fee: 10,000 drops (0.01 XRP)
Sender: r3C9BXmTtiDLhxH76cWP6vbyDEkbtxANzo
Sender Balance: 284,774,619.950775
Receiver: rP3HhnqeZ2W3RK5h3dfntuBFPBtiX6vE9U
Receiver Balance: 100,001,000
Link: https://t.co/fWVb3g8ots— XRPL Monitor (@XRPL_Monitor) March 5, 2020
However, according to data provided by Bithomp specializing in XRP transactions, all wallets related to this 200 million XRP are linked to the OTCBTC cryptocurrency exchange. As you may know, OTCBTC is a reasonably large OTC cryptocurrency exchange in Asia.
XRP fan Robert Art Rob Art shared with 10,000 followers of his thoughts on XRP, saying he hopes institutional investors will eventually be interested in XRP. And according to him, they will ‘pump billions of dollars’ and will help XRP reach trillions of dollars in market capitalization.
Just recently when market cap was at $120 billion, that was nearly 60% . 1% of Black Rock’s assets. 1 %. https://t.co/CfKXhvLVNo
— ??Robert Art ?? The Wolf of Rekt Street (@RobertArtRobArt) March 5, 2020
There are still mixed opinions
It seems that the price and the shocking words to promote prices and the development of Ripple did not make many people agree. According to trader DIY Investing, XRP is no longer the main focus of his investment. He acknowledged that he was still excited at the prospect of this token.
However, in early 2020, he expanded his portfolio to Tezos (XTZ) and Ethereum (ETH). Those assets have earned him more profits than XRP so far.
I was really hyped about $XRP and I still am
But as of right now I’m happy as hell I decided to shift my portfolio at the new year.
Moving into $XTZ, and $ETH made me way more money.
— D.I.Y Investing (@vajolleratzii) March 4, 2020
Scott Melker, a significant cryptocurrency trader, also recently posted that he received payments in XRP. And really, this transaction came very quickly. However, he also stated that he doesn’t want to be paid in XRP anymore. Even so, he did not explain why.
Someone just paid me in $XRP, so I must reiterate… it is FAST.
— The Wolf Of All Streets (@scottmelker) March 4, 2020
I would also prefer that people not pay me in $XRP.
— The Wolf Of All Streets (@scottmelker) March 4, 2020
XRP transactions are still less expensive than Bitcoin or ETH
As AZCoin News reported, despite being a Bitcoin fan, Brad Garlinghouse, the CEO of Ripple, believes Bitcoin will consume more energy.
In a recent interview with Julia Chatterley of CNN First Move, Garlinghouse confirmed he owned BTC but did not mean he thought Bitcoin was perfect.
In a new tweet, Garlinghouse stated that the energy consumption of the Bitcoin and Ethereum network is a powerful blow. The amount of energy needed to run Bitcoin is currently equal to Chile’s electricity consumption.
Energy consumption for BTC and ETH mining is a massive waste and there’s no incentive to take responsibility for the carbon footprint. Absolutely ? that this isn’t high on the agenda for the growing climate crisis… https://t.co/psR77m78Ua
— Brad Garlinghouse (@bgarlinghouse) March 4, 2020
Speaking to Garlinghouse, Gabor Gurbacs, digital asset strategy manager at investment management firm VanEck, said:
1. Mining energy consumption is a necessary feature (not a bug) for #Bitcoin‘s POW consensus algorithm which makes Bitcoin secure, permissionless and decentralized.
2. Banks and payments firms use huge amounts of energy.
3. Let’s not green-wash things. https://t.co/IBETWyUDoY— Gabor Gurbacs (@gaborgurbacs) March 4, 2020
A recent research article by digital asset management firm Coinshares shows that much of the energy that Bitcoin consumes comes from renewable sources. Bitcoin mining is mainly located in global regions where there is an ample supply of renewable electricity.
He shared:
“We calculate a conservative estimate of the renewables penetration in the energy mix powering the Bitcoin mining network at 74.1%, making Bitcoin mining more renewables-driven than almost every other large-scale industry in the world.”
The stories revolve around XRP and its fans
Data scientist Geoff Golberg was banned from Twitter on July 29, 2019, for engaging in abusive behavior. Therefore, he sued Twitter for banning his account after he used offensive language against the bot.
In the lawsuit, Golberg emphasized that the very existence of a dishonest account violated Twitter’s terms of service. The case was prepared by cryptocurrency veterans Stephen Palley and Preston Byrne of Anderson Kill. The plaintiff is claiming damages from $ 25,000 to $ 50,000 and the reactivation of his account – which commanded a following of more than 12,000.
Golberg spent years analyzing and revealing bot accounts and not authenticating on Twitter. Through his research, he has exposed networks of fake accounts promoting the token, accounts associated with an Iranian political organization, and the Billboard Music Awards, among others.
In the lawsuit, Golberg claimed that he was the one frequently reported by nefarious actors seeking to silence his voice, and received several death threats sent through the platform.
While the claim acknowledges that Twitter “enjoys broad discretion to grant, deny, modify, or revoke permission to moderate content on or use its platform at any time,” Golber argues that said discretion cannot be exercised arbitrarily:
“That discretion is not unlimited, and under New York law cannot be exercised arbitrarily, and in bad faith, any more than a ticket seller could sell a baseball fan a ticket to a baseball game, keep the fan’s money, and then deny the fan entry to the ballpark simply because the fan happens to root for the visiting team.”
Read more:
- Ripple Has Transferred Just Over 70 Million XRP, XRP Price Momentum Shows Signs Of Hesitation
- One Of The Reasons XRP Is Capable Of Defeating Bitcoin Is That Bitcoin Is Killing The Earth