• About
  • Blog
  • Contact
Monday, January 30, 2023
No Result
View All Result
The Daily Buzz
  • Home
  • Alternatives
  • World
  • Politics
  • Business
  • Science
  • Tech
    • All
    • Activate
    The ACP Program: What You Need to Know About the Affordable Connectivity Program
    The ACP Program: What You Need to Know About the Affordable Connectivity Program
    What is Atomic Design? Principles & Methodology
    What is Atomic Design? Principles & Methodology
    What is Cross-browser Testing, and How to Perform It?
    What is Cross-browser Testing, and How to Perform It?
    How to Make a Perfect Mobile App in 6 Steps
    How to Make a Perfect Mobile App in 6 Steps
    How to Hire a Flutter Developer for Your App
    How to Hire a Flutter Developer for Your App
    How to Identify a Scammer: Red Flags to Watch Out for
    How to Identify a Scammer: Red Flags to Watch Out for

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
    • Activate
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Market Size of Mobile Games: Gaming Market Trends and Growth Forecast
    Market Size of Mobile Games: Gaming Market Trends and Growth Forecast
    Introduction to Game Server Hosting
    Introduction to Game Server Hosting
    5 Reasons to Shop for Toys Online This Holiday Season
    5 Reasons to Shop for Toys Online This Holiday Season
    The Japanese Tanto: What You Need to Know
    The Japanese Tanto: What You Need to Know
    Can You Crossfade Apple Music?
    Can You Crossfade Apple Music?
    What do rips or rip mean? – Letterkenny fandom
    What do rips or rip mean? – Letterkenny fandom
    What Is Ffxiv Parsing?
    What Is Ffxiv Parsing?
    How Many Satchels for Sheet Metal Door Do I Need?
    How Many Satchels for Sheet Metal Door Do I Need?
    How to Get Verified on Spotify – a Guide for Musician
    How to Get Verified on Spotify – a Guide for Musician
  • Lifestyle
    • All
    • Fashion
    • Fitness
    • Food
    • Health
    • Health Care
    • Home
    • Travel
    Reasons to Choose the Right Health Insurance Plans for Your Family
    Reasons to Choose the Right Health Insurance Plans for Your Family
    Roof Repair or Roof Replacement? How to Choose the Right Option
    Roof Repair or Roof Replacement? How to Choose the Right Option
    The Top 5 Reasons to Buy a Climbing Frame for Your Kids
    The Top 5 Reasons to Buy a Climbing Frame for Your Kids
    How to Choose a Store for Promise Ring
    How to Choose a Store for Promise Ring
    If I Was Injured in a Mall, Who’s at Fault?
    If I Was Injured in a Mall, Who’s at Fault?
    5 Places to Find the Best Cremation Jewelry
    5 Places to Find the Best Cremation Jewelry
    Cool Hats for Men That Are Perfect for Any Winter Event
    Cool Hats for Men That Are Perfect for Any Winter Event
    How to Lace Oxfords: Guide for Men
    How to Lace Oxfords: Guide for Men
    How to Ship a Hat
    How to Ship a Hat
    4 Keys for Successful Clinical Trials
    4 Keys for Successful Clinical Trials

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Home
  • Alternatives
  • World
  • Politics
  • Business
  • Science
  • Tech
    • All
    • Activate
    The ACP Program: What You Need to Know About the Affordable Connectivity Program
    The ACP Program: What You Need to Know About the Affordable Connectivity Program
    What is Atomic Design? Principles & Methodology
    What is Atomic Design? Principles & Methodology
    What is Cross-browser Testing, and How to Perform It?
    What is Cross-browser Testing, and How to Perform It?
    How to Make a Perfect Mobile App in 6 Steps
    How to Make a Perfect Mobile App in 6 Steps
    How to Hire a Flutter Developer for Your App
    How to Hire a Flutter Developer for Your App
    How to Identify a Scammer: Red Flags to Watch Out for
    How to Identify a Scammer: Red Flags to Watch Out for

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
    • Activate
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Market Size of Mobile Games: Gaming Market Trends and Growth Forecast
    Market Size of Mobile Games: Gaming Market Trends and Growth Forecast
    Introduction to Game Server Hosting
    Introduction to Game Server Hosting
    5 Reasons to Shop for Toys Online This Holiday Season
    5 Reasons to Shop for Toys Online This Holiday Season
    The Japanese Tanto: What You Need to Know
    The Japanese Tanto: What You Need to Know
    Can You Crossfade Apple Music?
    Can You Crossfade Apple Music?
    What do rips or rip mean? – Letterkenny fandom
    What do rips or rip mean? – Letterkenny fandom
    What Is Ffxiv Parsing?
    What Is Ffxiv Parsing?
    How Many Satchels for Sheet Metal Door Do I Need?
    How Many Satchels for Sheet Metal Door Do I Need?
    How to Get Verified on Spotify – a Guide for Musician
    How to Get Verified on Spotify – a Guide for Musician
  • Lifestyle
    • All
    • Fashion
    • Fitness
    • Food
    • Health
    • Health Care
    • Home
    • Travel
    Reasons to Choose the Right Health Insurance Plans for Your Family
    Reasons to Choose the Right Health Insurance Plans for Your Family
    Roof Repair or Roof Replacement? How to Choose the Right Option
    Roof Repair or Roof Replacement? How to Choose the Right Option
    The Top 5 Reasons to Buy a Climbing Frame for Your Kids
    The Top 5 Reasons to Buy a Climbing Frame for Your Kids
    How to Choose a Store for Promise Ring
    How to Choose a Store for Promise Ring
    If I Was Injured in a Mall, Who’s at Fault?
    If I Was Injured in a Mall, Who’s at Fault?
    5 Places to Find the Best Cremation Jewelry
    5 Places to Find the Best Cremation Jewelry
    Cool Hats for Men That Are Perfect for Any Winter Event
    Cool Hats for Men That Are Perfect for Any Winter Event
    How to Lace Oxfords: Guide for Men
    How to Lace Oxfords: Guide for Men
    How to Ship a Hat
    How to Ship a Hat
    4 Keys for Successful Clinical Trials
    4 Keys for Successful Clinical Trials

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
The Daily Buzz
No Result
View All Result
Home Business

Ripple Co-founder Jed McCaleb Sold XRP and Has 4.7b Left

by The Daily Buzz Team
in Business, Tech
2 min read
Ripple Co-founder Jed McCaleb Sold XRP and Has 4.7b Left

Contents

  • 1 Who is Jed McCaleb?
  • 2 What is XRP?
  • 3 What Happened?
        • 3.0.0.1 The Daily Buzz Team

Who is Jed McCaleb?

Jed McCaleb is an American software engineer and entrepreneur. He founded and served as the Chief Technology Officer of Ripple.Inc in 2013.

Jed is also known as the peer-to-peer eDonkey2000 application developer, one of the largest file-sharing networks, and of many other ecosystems.

The digital currency building began in 2011 in which transactions were confirmed by consensus that was entitled as the Ripple protocol.

The programmer is convinced that leveraging technology to simplify the human condition and reduce inefficiency in everyday life is one of his main professional goals.

What is XRP?

Ripple is an automated payment settlement system and asset exchange, designed upon a distributed open-source protocol. OS protocol allows access to the source code for a website and it uses meta tags.

The remittance network operates similarly as Society for Worldwide Interbank Financial Telecommunications (SWIFT).

It’s a service that allows secure transfers with international money and is used by a connection of banks and financial intermediaries together.

One of the initial aims of establishing the ecosystem is to enable safe, instant, and free financial transactions of any size with no chargebacks.

What Happened?

More than a billion XRP as of 2014 till 2019 was sold and 4.7 billion more was left which equaled 5% of the total supply.

Then McCaleb handed over another 19 million and the rate of the coin increased back in mid-2020 as the agreements limiting XRP sales, -20 Civ. 10832, ECF Case Complaint, Jury Trial Demanded, – expired.

This XRP sale was the first in 25 days after the US Securities and Exchange Commission (SEC) lawsuit filed against Ripple. The SEC accused the company of selling unregistered securities in the amount of $ 1.3 billion.

He also cashed out $ 411 million in 2020, selling 1.2 billion XRP at an average rate of $ 0.34 per coin.  This represented about 27% of all XRP held in Ripple Labs accounts.

Moreover, in April 2020, the former Ripple CTO sold 54 million XRP for a total of $ 11.7 million, selling about 1.8 million XRP daily.

Ripple’s legal troubles with the regulator led to cryptocurrency exchanges having closed XRP trading pairs.

On the backdrop, the XRP rate fell to 0.17351; today, the asset is trading at 0.30500 and ranks fifth in terms of cryptocurrency market capitalization.

This is not the first time that McCaleb has suspended XRP sales. He was recently forced to “pause” so that the charity to which he donated XRP could sell the donated coins.

This time, McCaleb stopped trading XRP immediately after the regulator’s lawsuit became known.

The researcher suggested that McCaleb may have resumed sales on legal advice, although there may be other reasons for this.

The XRP community and all the crypto space interested parties are staying tuned, however if the coin user is looking for an exchange or converter xrp to eth service, Godex.io is available 24/7.

The Daily Buzz Team

The Daily Buzz combines the pursuit of interesting and intriguing facts with the innate human desire to rank and list things. From stereotypical cat pictures to crazy facts about the universe, every thing is designed to help you kill time in the most efficient manner, all while giving you something to either laugh at or think about!

  • The Daily Buzz Team
    https://the-daily.buzz/author/admin/
    Spain Wants to Be the Best Country for Digital Nomads: What Benefits Do They Offer?
  • The Daily Buzz Team
    https://the-daily.buzz/author/admin/
    How to Deal With the Aftermath of Bicycle Injury Accident
  • The Daily Buzz Team
    https://the-daily.buzz/author/admin/
    Your Guide to Filing a Slip and Fall Claim
  • The Daily Buzz Team
    https://the-daily.buzz/author/admin/
    The ACP Program: What You Need to Know About the Affordable Connectivity Program

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Like us & Receive Daily Updates

Trending Now

  • Spain Wants to Be the Best Country for Digital Nomads: What Benefits Do They Offer?
  • How to Deal With the Aftermath of Bicycle Injury Accident
  • Your Guide to Filing a Slip and Fall Claim
  • The ACP Program: What You Need to Know About the Affordable Connectivity Program
  • What is Atomic Design? Principles & Methodology
  • About
  • Blog
  • Careers
  • Contact
  • Our Team
  • Privacy Policy

© 2020 The-Daily Buzz

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food
  • Our Team
  • Contact
  • About
  • Privacy Policy

© 2020 The-Daily Buzz