{"id":639988,"date":"2024-09-05T13:30:12","date_gmt":"2024-09-05T13:30:12","guid":{"rendered":"https:\/\/wncen.com\/?p=639988"},"modified":"2024-09-05T10:00:53","modified_gmt":"2024-09-05T10:00:53","slug":"xrp-rides-high-as-major-japanese-exchange-adds-support-details","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/xrp-rides-high-as-major-japanese-exchange-adds-support-details\/","title":{"rendered":"XRP Rides High As Major Japanese Exchange Adds Support\u2014Details"},"content":{"rendered":"

Japanese cryptocurrency exchange CoinCheck made headlines with the intention of listing XRP<\/a>, which is the seventh-biggest digital currency, alongside five other cryptocurrencies.<\/p>\n

Related Reading: Monero (XMR) Unfazed By Market Jitters, Climbs 13% \u2013 Details<\/a><\/div>\n

Made on X, this announcement signals a turning point for XRP particularly in light of Ripple’s most recent court triumph over the US Securities and Exchange Commission. Ranked 48th on CoinMarketCap, the exchange seeks to increase its offers and draw more customers to its platform.<\/p>\n

This listing comes when the cryptocurrency is receiving a mixed reaction in the market. Within the last 24 hours, XRP suffered a loss of 4.5% in price<\/a> before recovering slightly by 1.2%.<\/p>\n

At the moment, the token changes hands at $0.55611. The timing of this listing is very critical since it occurs at the same time when Ripple recently won a case against the SEC.<\/p>\n

\n

\/\uff0f
\nCoincheck\u53d6\u5f15\u6240\u306b\u304a\u3044\u3066
\n6\u901a\u8ca8\u306e\u53d6\u6271\u3044\u3092\u958b\u59cb\u3057\u307e\u3057\u305f\uff01\u2728
\n\uff3c
\n\u672c\u65e5\u3088\u308a #Coincheck<\/a> \u53d6\u5f15\u6240\u306b\u304a\u3044\u3066ETH\u3001XRP\u3001SHIB\u3001XEM\u3001IOST\u3001ENJ\u306e\u53d6\u6271\u3044\u30b9\u30bf\u30fc\u30c8\uff01\ud83d\udd25 https:\/\/t.co\/NOY7NT7SfY<\/a><\/p>\n

\u2014 Coincheck(\u30b3\u30a4\u30f3\u30c1\u30a7\u30c3\u30af) (@coincheckjp) September 4, 2024<\/a><\/p><\/blockquote>\n

Ripple’s Legal Win<\/h2>\n

The recent court case<\/a> that involved Ripple and the SEC was a real rollercoaster. Now, it is clear that the judge has decided not to fine Ripple $2 billion, as wanted by the SEC, but allowed them to settle it for $125 million instead.<\/p>\n

Many praised the development as a turning point not only for Ripple but also for the larger cryptocurrency community. The sense of jubilation also extended to Brad Garlinghouse, the chief executive of Ripple, who said that the decision sent a very strong signal towards other crypto startups that their fights against regulatory authorities may come out positively.<\/p>\n

\"\"<\/p>\n

The impact of the ruling also extends far beyond Ripple. It’s indicative of a more crypto-friendly regulatory regime, which could very well spur further innovation and investment in the industry. All this during the continuing fallout of the legal mess, and XRP’s listing on CoinCheck could fuel investor confidence, along with more activity in the markets.<\/p>\n

<\/p>\n

XRP market cap currently at $31 billion. Chart: TradingView.com<\/a><\/pre>\n
XRP: Market Reactions And Next Moves<\/h2>\n
However, the market has still been cautiously optimistic about the listing on CoinCheck. In as much as the price movements have been upward in recent weeks, many analysts say the accessibility of the XRP asset means that the trading volume can only go upwards.<\/p>\n
Related Reading: RENDER Flashes Red With 18% Short-Term Loss \u2013 Details<\/a><\/div>\n
At a time when Japan is opening up to other popular cryptocurrencies like Ethereum and Shiba Inu, CoinCheck’s choice to list the XRP asset should be seen to mean the evolution of digital acceptance in the country.<\/p>\n
Another ongoing point of interest is the strategy of Ripple when it comes to the release of XRP from escrow. The company recently unlocked 1 billion XRP, valued at about $550 million; of those, 800 million tokens were locked back into escrow.<\/p>\n
This has been a consistent practice of Ripple for the last seven years and one that CEO Garlinghouse said may involve some burning of XRP in escrow in the future.<\/p>\n
Featured image from Pelago, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese cryptocurrency exchange CoinCheck made headlines with the intention of listing XRP, which is the seventh-biggest digital currency, alongside five other cryptocurrencies. Related Reading: Monero (XMR) Unfazed By Market Jitters, Climbs 13% \u2013 Details Made on X, this announcement signals a turning point for XRP particularly in light of Ripple’s most recent court triumph over the US Securities and Exchange Commission. Ranked 48th on CoinMarketCap, the exchange seeks to increase its offers and draw more customers to its platform. This listing comes when the cryptocurrency is receiving a mixed reaction in the market. Within the last 24 hours, XRP suffered a loss of 4.5% in price before recovering slightly by 1.2%. At the moment, the token changes hands at $0.55611. The timing of this listing is very critical since it occurs at the same time when Ripple recently won a case against the SEC. \/\uff0f Coincheck\u53d6\u5f15\u6240\u306b\u304a\u3044\u3066 6\u901a\u8ca8\u306e\u53d6\u6271\u3044\u3092\u958b\u59cb\u3057\u307e\u3057\u305f\uff01\u2728 \uff3c \u672c\u65e5\u3088\u308a #Coincheck \u53d6\u5f15\u6240\u306b\u304a\u3044\u3066ETH\u3001XRP\u3001SHIB\u3001XEM\u3001IOST\u3001ENJ\u306e\u53d6\u6271\u3044\u30b9\u30bf\u30fc\u30c8\uff01\ud83d\udd25 https:\/\/t.co\/NOY7NT7SfY \u2014 Coincheck(\u30b3\u30a4\u30f3\u30c1\u30a7\u30c3\u30af) (@coincheckjp) September 4, 2024 Ripple’s Legal Win The recent court case that involved Ripple and the SEC was a real rollercoaster. Now, it is clear that the judge has decided not to fine Ripple $2 billion, as wanted by the SEC, but allowed them to settle it for $125 million instead. Many praised the development as a turning point not only for Ripple but also for the larger cryptocurrency community. The sense of jubilation also extended to Brad Garlinghouse, the chief executive of Ripple, who said that the decision sent a very strong signal towards other crypto startups that their fights against regulatory authorities may come out positively. The impact of the ruling also extends far beyond Ripple. It’s indicative of a more crypto-friendly regulatory regime, which could very well spur further innovation and investment in the industry. All this during the continuing fallout of the legal mess, and XRP’s listing on CoinCheck could fuel investor confidence, along with more activity in the markets. XRP market cap currently at $31 billion. Chart: TradingView.com XRP: Market Reactions And Next Moves However, the market has still been cautiously optimistic about the listing on CoinCheck. In as much as the price movements have been upward in recent weeks, many analysts say the accessibility of the XRP asset means that the trading volume can only go upwards. Related Reading: RENDER Flashes Red With 18% Short-Term Loss \u2013 Details At a time when Japan is opening up to other popular cryptocurrencies like Ethereum and Shiba Inu, CoinCheck’s choice to list the XRP asset should be seen to mean the evolution of digital acceptance in the country. Another ongoing point of interest is the strategy of Ripple when it comes to the release of XRP from escrow. The company recently unlocked 1 billion XRP, valued at about $550 million; of those, 800 million tokens were locked back into escrow. This has been a consistent practice of Ripple for the last seven years and one that CEO Garlinghouse said may involve some burning of XRP in escrow in the future. Featured image from Pelago, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,428,6664,3680,4531],"class_list":["post-639988","post","type-post","status-publish","format-standard","hentry","category-news","tag-altcoins","tag-bitcoin","tag-crypto","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\nXRP Rides High as Major Japanese Exchange Adds Support<\/title>\n<meta name=\"description\" content=\"Japanese cryptocurrency exchange CoinCheck made headlines with the intention of listing XRP, which is the seventh-biggest digital currency, alongside five\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Rides High As Major Japanese Exchange Adds Support\u2014Details","url":"http:\/\/wncen.com\/news\/xrp-rides-high-as-major-japanese-exchange-adds-support-details\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/xrp-rides-high-as-major-japanese-exchange-adds-support-details\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","bitcoin","crypto","ripple","xrp"],"dateCreated":"2024-09-05T13:30:12Z","datePublished":"2024-09-05T13:30:12Z","dateModified":"2024-09-05T13:30:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Rides High As Major Japanese Exchange Adds Support\\u2014Details\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/xrp-rides-high-as-major-japanese-exchange-adds-support-details\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/xrp-rides-high-as-major-japanese-exchange-adds-support-details\\\/\"},\"thumbnailUrl\":\"\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"bitcoin\",\"crypto\",\"ripple\",\"xrp\"],\"dateCreated\":\"2024-09-05T13:30:12Z\",\"datePublished\":\"2024-09-05T13:30:12Z\",\"dateModified\":\"2024-09-05T13:30:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/639988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=639988"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/639988\/revisions"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=639988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=639988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=639988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}