CryptoMediaClub
Monday, July 7, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Ripple (XRP) Still Corruptible, No Major Adoption: Mark Yusko

09.08.2023
A A
0
125
VIEWS
ShareShare

Despite a largely bullish court ruling in favor of Ripple last month, Morgan Creek founder Mark Yusko is no more enthusiastic about the company, nor the XRP ledger.

In a Tuesday interview, the investors said that the ledger is not only “corruptible,” but that it lacks any “real adoption.”

Yusko’s View On Ripple

In conversation with Darren Moore Jr, Yusko said that he “struggles” with the XRP ledger at large.

While remaining open to the idea that it could serve as a payment rail for banks and brokerage firms, he sees little evidence that it’s actually gaining traction. “There are lots of announcements with very little behind it,” said Yusko.

Launched in June of 2012, the XRP Ledger was designed as a public blockchain that would provide cheaper, faster, and less energy-intensive transactions than Bitcoin. XRP soared to prominence in late 2017, reaching an all-time high of $3.30, which it hasn’t approached since.

ADVERTISEMENT

XRP received a major boost last month, however, after New York Judge Analisa Torres delivered summary judgment in Ripple’s lawsuit with the Securities and Exchange Commission (SEC).

The judge agreed with the SEC’s allegation that Ripple’s initial allocation of XRP to institutional clients was a securities offering but denied that other XRP transactions were securities sales.

XRP Concentration

Yusko agreed with the judge on both counts. “I hate the way they issued it, and so does the SEC,” he noted, while also criticizing the relatively centralized concentration of XRP with a few select holders.“In my mind, it’s still corruptible.”

Data from CoinCarp shows that XRP’s top 100 addresses own 33% of its total supply. Only about 52% of the XRP supply is circulating in the market.

“I don’t see any real major adoption that anyone’s pointing to the same way that people can point to Ethereum (ETH), or even Solana (SOL) as had some big design wins,” he added.

If asked to rank cryptocurrencies, Yusko said XRP would be among a handful of coins competing in the “number three stack”, along with Dash and Monero (XRM). “To me, Bitcoin is the king, Ethereum is the crown prince,” he said.

Yusko noted, however, that Bitcoin isn’t widely held enough to be adopted easily as a medium of exchange. “Anything that allows us to get broad distribution of digital assets… would be better,” he said.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?
All news

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

07.07.2025
0

The Pi Coin price and trading activity have dwindled in the days following “Pi Day,” an event where the Core...

Read moreDetails
BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

07.07.2025
Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

07.07.2025
Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

07.07.2025
Bitcoin Price Prediction: ‘Rich Dad Poor Dad’ Kiyosaki Hopes for a Massive Crash – What is Smart Money Expecting?

Bitcoin Price Prediction: ‘Rich Dad Poor Dad’ Kiyosaki Hopes for a Massive Crash – What is Smart Money Expecting?

07.07.2025
Load More
Next Post
Worldcoin controversy explained in latest Cointelegraph Report

Worldcoin controversy explained in latest Cointelegraph Report

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Cardano’s Upward Trajectory: Predictions Point to a $12 ADA

Cardano’s Upward Trajectory: Predictions Point to a $12 ADA

2 years ago
Is Cronos (CRO) Entering a Bullish Zone?

Is Cronos (CRO) Entering a Bullish Zone?

2 years ago
Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds

Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds

2 years ago
VanEck Ethereum Strategy ETF set for CBOE listing

VanEck Ethereum Strategy ETF set for CBOE listing

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

Coinsilium’s Strategic Bitcoin Accumulation: A Bold Move in Digital Assets

Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

Bitcoin Price Prediction: ‘Rich Dad Poor Dad’ Kiyosaki Hopes for a Massive Crash – What is Smart Money Expecting?

Bitcoin Price: Unveiling Four Crucial Trends Shaping BTC This Week

Trending

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?
All news

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

07.07.2025
0

The Pi Coin price and trading activity have dwindled in the days following “Pi Day,” an event...

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

07.07.2025
BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

07.07.2025
Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

07.07.2025
Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

07.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz