Ripple faces stiff competition from Circle, while Dave Portnoy sold his XRP holdings.

4 reports, 4 independent Updated Sep 12

Gone quiet Reached 3 outlets in its first 24 hours

Reports: 4
Developments: 4
Repetition: 0%

New informationRepeats or wire copies

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Well supportedReported by 4 independent outlets

Ripple faces stiff competition from Circle, while Dave Portnoy sold his XRP holdings.

Who's involved

What this event is mainly about

Ripple Circle

How it developed

Newest first. Tap a step to see who reported it.

Sep 12USDC adoption is challenging Ripple's ambitions in the payments sector.1 source
- 247wallst.com
Jul 25Ripple faces competition from Circle; Dave Portnoy sells XRP.1 source
- Benzinga
Jul 20Circle and Ripple apply for banking licenses amid competition, and Portnoy's Bitcoin selling is noted.1 source
- TheStreet
Jul 20Ripple and Circle integrate stablecoin onto XRPL for payments and investment.1 source
- Motley Fool

Keep exploring

Part of

Firms connected to Venmo and eBay are investing in new companies, while the competitive landscape of digital assets sees XRP challenged by Ethereum and Chainlink. All 1 developments

The entities involved

Ripple
creator and a developer of the Ripple payment protocol and exchange network.
- The SEC has sued Ripple over unregistered security claims. In response to the legal uncertainty, Kraken pulled XRP listings, and Coinbase also suspended XRP trading.Wed 23:17
- AVAX surged 50%, outpacing Bitcoin's gains, while XRP gained 22% amidst an unconfirmed ICE decision introducing market uncertainty.Wed 23:17
Circle
peer-to-peer payments technology company
- Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.Mon 04:46
- Hana Bank is participating in a settlement network trial involving the Bank of Korea, while Binance announces a $100M investment to promote Circle's USDC.Fri 02:36

Related events

New crypto legislation affects Ripple's business model, with candidates in Kentucky and Alabama influencing XRP's market trajectory.Sep 8

Coverage

Newest first; wire copies grouped

Sep 12247wallst.com
Jul 25BenzingaDave Portnoy's XRP Sell-Off Cost Him Millions—His Reaction? 'I Want To Cry' Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. When XRP hit fresh all
Jul 20TheStreetDave Portnoy sold XRP too soon, now he wants to cry Dave Portnoy sold XRP too soon, now he wants to cry originally appeared on TheStreet. Dave Portnoy, founder of the sports and pop culture company B
Jul 20Motley FoolGot $5,000? Should You Buy XRP (Ripple), or Strategy? XRP is seeing good uptake among banks and large investing groups. Strategy's unique approach to buying Bitcoin is delivering leveraged returns. O