Article for Cryptopolitan by Florence Muchai
A series of deep dives into the structure of XRP, followed by a lawsuit in 2020 by the US Securities and Exchange Commission claiming it is a security, watered down all the hype within the crypto community.
“At its core, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency (crypto). Unlike most crypto pumps and dumps, however, Ripple takes numerous steps to obscure this basic fact,” explained Jason Bloomberg in a Forbes article published in 2019.
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