Wednesday, 20 November 2019
Cryptocurrency analysts have identified $400 million worth of illicit Ripple (XRP) transactions — mainly Ponzi schemes and exchange thefts. The illicit XRP activity detected by London-based firm Elliptic amount to less than 0.2 percent of all XRP payments processed to date, which is less than other cryptocurrencies like Bitcoin. In press materials shared with Hard Fork, Elliptic chief scientist Tom Robinson attributed this to two main factors: XRP is simply not as liquid as Bitcoin or Ethereum, so it’s not as easy to “cash-out” large amounts of illicit cryptocurrency. “XRP is [also] more centralized than other crypto-assets, and perhaps more associated…
This story continues at The Next Web
