Coin

<ul class="news-points"> 
 <li>Crypto sleuth “Mr. Huber” on X claims Ripple repeatedly exchanged XRP for Bitcoin.</li> 
 <li>Mr. Huber believes Ripple exchanges XRP for BTC to buy back later at a profit.</li> 
 <li>While Ripple’s BTC ownership was contested, Mr. Huber claims it has no obligation to disclose BTC trades.</li> 
</ul> 
A crypto sleuth, popularly known as “Mr. Huber” on X, has argued that Ripple reportedly exchanged XRP for Bitcoin, particularly during periods of notable market growth for BTC while <a href="https://coinedition.com/xrp-network-now-close-to-welcoming-smart-contracts-as-needed-10000-votes-achieved/">XRP</a> experienced minimal movement. 
Mr. Huber shared this opinion recently while revisiting a 2021 <a href="https://twitter.com/JoelKatz/status/1382064991747014656" target="_blank" rel="nofollow">post</a> from Ripple’s CTO, David Schwartz. In the post, Schwartz counseled crypto market participants to consider taking profit from their crypto positions to minimize risk exposures. 
Mr. Huber resurfaced Schwartz’s remark, noting that based on factual records available to him, Ripple sold most of their XRP for BTC in their first few years of operation. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Lol ever considered the fact that Ripple has been involved in cryptocurrency since 2012 and that they sold most XRP for BTC the first few years? They might also be the ones pushing bitcoin up by buying Bitcoin with XRP first, to then sell Bitcoin at its pe…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/crypto-expert-says-ripple-sells-xrp-for-bitcoin-details/">Crypto Expert Says Ripple Sells XRP for Bitcoin: Details</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Expert Says Ripple Sells XRP for Bitcoin: Details

Coin Edition

Ďalšie články zverejnené 15. 2. 2024

Monero (XMR) Briefly Retested $100 Amid Binance’s Impending Delisting; Investors Jump Ship to Pol...

Ether staking deposits touch $85B, 25% of circulating supply now locked up

Exploring the Dynamism of Bitcoin and BONK Coin Prices in the Crypto Market

Bitcoin Price Surges, Optimism Grows for 2024

OpSec Price Prediction: OPSEC Soars 37%, But Traders Migrate To This Green Crypto Presale That’s ...

Web3 needs more layer 2s — Polygon co-founder

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!