Pierre Rochard claimed Ripple could manipulate XRPL, threatening decentralisation.
David Schwartz said forks and supply changes require validator consensus.
Finance Magnates
The ongoing debate over Ripple, the XRP Ledger (XRPL), and
the possibility of including XRP in a US crypto reserve continues to grow.
Allegations of centralisation have emerged, adding complexity to the
discussion.
In response, David Schwartz, Ripple’s Chief Technology Officer, has
defended the platform's decentralisation, arguing that XRP's structure and
mechanisms ensure resilience against manipulation,Dimsumdaily HK reported.
Meanwhile, XRPUSD has remained bearish, adhering to a
trendline. The H1 chart suggests it may have found support at a level where the
price previously reacted.
Ripple Faces Criticism Over XRPL
Critics, especially Bitcoin supporters, remain sceptical of
XRP’s structure. Pierre Rochard, Vice President of Research at Riot Platforms,
argues that Ripple could manipulate the XRPL software, adjust escrow locks, or
flood the market with additional XRP. He believes such actions would undermine
decentralisation and expose the ecosystem to risks.
Schwartz countered these concerns, explaining that XRPL uses
a consensus algorithm, unlike Bitcoin’s proof-of-work model. He also noted that
XRPL validators are not paid, reducing the likelihood of fraud or manipulation.
Furthermore, any changes to the network, including forks and supply
adjustments, require consensus from the validators, making unilateral
alterations by Ripple or any party highly unlikely.
Garlinghouse emphasized that Ripple’s efforts are consistent
with advancing the possibility of a US crypto reserve, which could include
Bitcoin, as reported by Finance
Magnates.
XRPUSD, H1 Chart, Source: TradingView
XRPUSD Tests Key Support Level
The XRPUSD H1 chart shows multiple rejections at the
trendline's resistance. During the latest rejection, an Evening Star pattern
formed, followed by a strong bearish move. On its way down, the price broke
significant levels, including 3.03350 and 2.92250.
The level of 2.75650 has
acted as support, holding the price steady. Traders may closely monitor price
action around this level to determine its next direction on the intraday
charts.
Ripple Makes Strategic Moves in 2025
Ripple has been involved in several notable developments
recently. CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty attended
a private dinner with President-elect Donald Trump on January 6, which
sparked speculation regarding Ripple’s ongoing legal battle with the US
Securities and Exchange Commission (SEC).
In another initiative, Ripple
donated $100,000 in XRP to aid communities affected by California
wildfires, supporting organizations such as World Central Kitchen and
GiveDirectly through The Giving Block platform.
Additionally, the
SEC filed an appeal on January 15, 2025, challenging a federal court's
ruling that classified XRP sold to retail investors as non-securities. The SEC
seeks to overturn the decision made by Judge Analisa Torres in July 2023,
arguing that XRP issued as employee compensation and in business transactions
should be classified as securities.
On the expansion front, Ripple
has made significant strides in Japan, with banks expected to adopt the XRP
Ledger by 2025. This integration, announced by SBI CEO Yoshitaka Kitao, aims to
enhance cross-border payments and improve currency conversions for
international remittances.
The ongoing debate over Ripple, the XRP Ledger (XRPL), and
the possibility of including XRP in a US crypto reserve continues to grow.
Allegations of centralisation have emerged, adding complexity to the
discussion.
In response, David Schwartz, Ripple’s Chief Technology Officer, has
defended the platform's decentralisation, arguing that XRP's structure and
mechanisms ensure resilience against manipulation,Dimsumdaily HK reported.
Meanwhile, XRPUSD has remained bearish, adhering to a
trendline. The H1 chart suggests it may have found support at a level where the
price previously reacted.
Ripple Faces Criticism Over XRPL
Critics, especially Bitcoin supporters, remain sceptical of
XRP’s structure. Pierre Rochard, Vice President of Research at Riot Platforms,
argues that Ripple could manipulate the XRPL software, adjust escrow locks, or
flood the market with additional XRP. He believes such actions would undermine
decentralisation and expose the ecosystem to risks.
Schwartz countered these concerns, explaining that XRPL uses
a consensus algorithm, unlike Bitcoin’s proof-of-work model. He also noted that
XRPL validators are not paid, reducing the likelihood of fraud or manipulation.
Furthermore, any changes to the network, including forks and supply
adjustments, require consensus from the validators, making unilateral
alterations by Ripple or any party highly unlikely.
Garlinghouse emphasized that Ripple’s efforts are consistent
with advancing the possibility of a US crypto reserve, which could include
Bitcoin, as reported by Finance
Magnates.
XRPUSD, H1 Chart, Source: TradingView
XRPUSD Tests Key Support Level
The XRPUSD H1 chart shows multiple rejections at the
trendline's resistance. During the latest rejection, an Evening Star pattern
formed, followed by a strong bearish move. On its way down, the price broke
significant levels, including 3.03350 and 2.92250.
The level of 2.75650 has
acted as support, holding the price steady. Traders may closely monitor price
action around this level to determine its next direction on the intraday
charts.
Ripple Makes Strategic Moves in 2025
Ripple has been involved in several notable developments
recently. CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty attended
a private dinner with President-elect Donald Trump on January 6, which
sparked speculation regarding Ripple’s ongoing legal battle with the US
Securities and Exchange Commission (SEC).
In another initiative, Ripple
donated $100,000 in XRP to aid communities affected by California
wildfires, supporting organizations such as World Central Kitchen and
GiveDirectly through The Giving Block platform.
Additionally, the
SEC filed an appeal on January 15, 2025, challenging a federal court's
ruling that classified XRP sold to retail investors as non-securities. The SEC
seeks to overturn the decision made by Judge Analisa Torres in July 2023,
arguing that XRP issued as employee compensation and in business transactions
should be classified as securities.
On the expansion front, Ripple
has made significant strides in Japan, with banks expected to adopt the XRP
Ledger by 2025. This integration, announced by SBI CEO Yoshitaka Kitao, aims to
enhance cross-border payments and improve currency conversions for
international remittances.
Warren Buffett’s Final Day at Berkshire Leaving Behind “Our Favorite Holding Period Is Forever”
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
