Uphold’s Massive 1.59 Billion XRP Holdings Shocks Community, CEO Reveals The ...
Uphold, a cloud-based digital financial service platform, has come under the spotlight after on-chain data confirmed that it safeguards approximately 1.59 billion XRP. According to Uphold’s Chief Executive Officer (CEO), Simon McLoughlin, these tokens are fully owned by customers, not the exchange itself. Uphold Clarifies Massive XRP Holdings The crypto community was taken by surprise […]
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A recent Reddit posting claiming that Uphold, a platform that provides various financial services and encourages fintech innovation, was heading to insolvency because of its VOX holdings drew a quick response from Uphold that caused the critic to recant. The Reddit post a few days ago expressed concern over the fact that $107,936,914 of Uphold’s assets is comprised of VOX, a cryptocurrency for virtual reality games that Uphold helped to create. “There is no way ‘Voxel’ should belong on a reserve statement with national currencies as it is a speculative security that should be marked....
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Uphold’s recent decision to enable Ether trading on its platform marks another sign of recognition by both the financial and the open source developer communities’ of Ethereum’s unique potential. CCN on Wednesday reported that Uphold users can now buy or convert fiat currencies (USD, EUR, and GBP) or other digital currencies, including bitcoin, to Ether, the token value of the Ethereum blockchain. With its inclusion, Ether is now among 30 other currencies supported by the Uphold exchange. Uphold also announced a partnership with payroll service startup Bitwage to allow users to receive....
Michael Saylor announced on Monday that Strategy had carried out another massive Bitcoin buy. The multi-billion-dollar Bitcoin purchase did not come as a surprise to the market, given that the company had already been raising more money to buy BTC leading up to the day. However, what is interesting is how much BTC the public company now holds and what it means in comparison to other counterparts with large holdings in the market. Strategy’s BTC Holdings Have Now Crossed 800,000 BTC With the most recent buy, where the company bought 34,164 BTC, it has now seen its Bitcoin holdings cross the....
Uphold has acquired Bitnet's Bitcoin-based merchant payments solution business to create Uphold Merchant Services. Uphold, the blockchain based online financial platform has announced its acquisition of Bitnet, or at least what’s left of it to create Uphold Merchant Services. Uphold’s deal follows the earlier acquisition of Bitnet’s blockchain IPs by one of its investors, Rakuten. Bitnet has been one of the familiar names in the cryptocurrency industry. The platform has been offering Bitcoin merchant payments services while researching into various other applications of blockchain....