Gasparino’s fiery encounter with XRP ‘cult’ leaves Ripple community divided

TL;DR Breakdown

  • Gasparino engages in a heated dispute with the XRP community, labeling them a “cult.”
  • Ripple faces potential penalties of up to $1 billion in its legal battle with the SEC.
  • Gasparino questions Ripple’s ability to handle the financial blow and suggests potential strategies.

Description

In a clash of titans, Fox Business’ Charles Gasparino finds himself embroiled in a fiery dispute with members of the XRP community, whom he has boldly labeled a “cult.” The ongoing legal struggle between Ripple and the SEC provides the backdrop for Gasparino’s encounters with the passionate XRP backers, resulting in frustration and professional exhilaration … Read more

In a clash of titans, Fox Business’ Charles Gasparino finds himself embroiled in a fiery dispute with members of the XRP community, whom he has boldly labeled a “cult.” The ongoing legal struggle between Ripple and the SEC provides the backdrop for Gasparino’s encounters with the passionate XRP backers, resulting in frustration and professional exhilaration for the Fox anchor.

Gasparino, known for his outspoken nature, took to Twitter to recount his tumultuous interactions with the XRP community, shedding light on the tumult that ensues when he reports on matters they vehemently oppose. “When I reported a few things they hate, I’m public enemy No. 1,” Gasparino tweeted, highlighting the intense backlash he receives from the fervent XRP supporters.

Ripple, synonymous with XRP cryptocurrency, faces potential penalties of up to $1 billion amid their ongoing legal battle with the SEC. Gasparino recently expressed skepticism regarding Ripple’s ability to handle such a substantial financial blow, casting doubt on the firm’s plans to navigate this financial storm. He posited that Ripple might deplete its $1 billion cash reserve or dilute its XRP holdings if it intends to continue operations.

Adding fuel to the fire, Gasparino unintentionally fanned the flames of controversy by inadvertently promoting an XRP-related fraud. Seeking to highlight Ripple’s purported disassociation from XRP, he quote-tweeted a message allegedly from Ripple, which revealed an affiliation with Coinbase and urged readers to get involved. Gasparino’s misstep drew even more ire from the XRP community, with users like King Solomon calling him out on Twitter, stating, “You just quote tweeted a scam post.”

However, amidst the heated exchanges, a glimmer of praise emerged for Gasparino’s writing prowess. The XRP community hailed his work as heroic when it was published, demonstrating the power of his words to captivate and inspire. Gasparino’s relentless pursuit of truth and willingness to delve into controversial topics have earned him acclaim and disdain, further solidifying his role as a prominent figure in the XRP saga.

As the market grapples with the implications of the Ripple v. SEC ruling, Gasparino delivered a sobering perspective, tempering the initial euphoria that had propelled XRP to fourth place on CoinMarketCap. He questioned whether the ruling was truly a victory for the San Francisco-based company, refuting any claims of pursuing an interview with Ripple’s CEO, Brad Garlinghouse.

Gasparino’s clashes with the XRP community testify to the intensity surrounding Ripple’s legal battle. With transition words like “Moreover” and “Consequently” punctuating the ever-evolving narrative, the stage is set for a continued clash of opinions and an uncertain future for Ripple and its fervent supporters.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Gasparino’s fiery encounter with XRP ‘cult’ leaves Ripple community divided

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月17日 20:52
Next 2023年7月17日 23:26

Related articles

  • Best Twitter threads of the day – August 7th

    Description Is Huobi insolvent? What happened in the NFT world this week? $113 million has now been bridged to Coinbase’s Base Is Huobi insolvent? 1/16 So why is Tether selling off? Likely Huobi insolvency. -Binance started selling off USDT in bulk.-We found out that Huobi execs (and Tron personnel questioned by police)-This is not long after Sun’s stUSDT launch-And weird balance shifts at Huobi in the last month pic.twitter.com/f3HViYS93a — Adam Cochran (adamscochran.eth) (@adamscochran) August 5, 2023 2/16 Just like with FTT Binance is often the first to know about risky assets or issues within the industry due to its scales and connections. And if we look at the time stamps of Friday’s rapid sell off of USDT, it’s after the time Huobi employees would have been questioned. — Adam Cochran (adamscochran.eth) (@adamscochran) August 5, 2023 3/16 And its after weeks of steady USDT decline in Huobi pic.twitter.com/MpVeA23Rhm — Adam Cochran (adamscochran.eth) (@adamscochran) August 5, 2023 4/16 And after Sun launched “stUSDT” which is USDT he claims is sitting in government bonds gaining a 4.29% yield. His website claims there…

    Article 2023年8月8日
  • FASB implements new accounting rules for cryptocurrencies

    TL;DR Breakdown The FASB has agreed to implement changes to how crypto holdings are being disclosed. Impact on corporations and the wider crypto ecosystem. Description The Financial Accounting Standards Board (FASB) has unanimously voted to implement changes in how companies account for and disclose their holdings of cryptocurrencies like Bitcoin and other digital assets. These new rules are set to take effect starting in 2025, with the primary goal of providing investors and financial statement users with greater transparency concerning … Read more The Financial Accounting Standards Board (FASB) has unanimously voted to implement changes in how companies account for and disclose their holdings of cryptocurrencies like Bitcoin and other digital assets. These new rules are set to take effect starting in 2025, with the primary goal of providing investors and financial statement users with greater transparency concerning these volatile assets. The FASB is recognized by the SEC as the accounting standard setter for public companies. FASB Chair announces the significance of the decision FASB Chairman Richard Jones expressed the significance of this decision, stating that the issue has attracted…

    Article 2023年9月8日
  • Energizing the future: Red Bull and Mysten Labs’ Sui Network strategic partnership

    TL;DR Breakdown Sui Ledgers and Oracle Red Bull Racing have entered into a multiyear partnership. Sui becomes the Formula 1 racing team’s designated blockchain partner. Mysten Labs and Red Bull Racing will collaborate to enhance Sui to increase global audience engagement. Sui Blockchain, a renowned blockchain company, recently made waves with its revolutionary multiyear contract with Formula 1’s Red Bull Racing. This alliance highlights blockchain technology’s potential to transform motorsports. Sui Blockchain and Red Bull Racing want to use blockchain technology to boost operational efficiency, optimize operations, and improve data management. Using decentralized ledger technology, the team can secure, transparent, and immutably store crucial data. SUI and Red Bull make a public partnership declaration Recent developments include the Red Bull Formula One Racing team announcing they will partner with Mysten Labs’ Sui Network for some years. This comes just under a month after Sui Network made the mainnet of its blockchain available for public use. Sui Network announced on June 1 that it would become the official blockchain partner for the Red Bull racing team. The Red Bull racing team…

    Article 2023年6月7日
  • CIA thinks the U.S. should get away from China quick

    TL;DR Breakdown The CIA Director calls for the United States to reduce dependence on China by diversifying its supply chains, not fully decoupling. Near-miss military incidents have escalated tensions between the U.S. and China. The U.S. and China’s economic rivalry and differing political views intensify conflicts, especially regarding Taiwan’s status and South China Sea territories. Description The symbiotic relationship between the United States and China has always been a towering edifice of economic interdependence. However, as tremors of discord continue to shake this global monolith, the Central Intelligence Agency (CIA) sounds the alarm. Their message? The U.S. needs to develop an exit strategy— and fast. A call for supply chain diversification … Read more The symbiotic relationship between the United States and China has always been a towering edifice of economic interdependence. However, as tremors of discord continue to shake this global monolith, the Central Intelligence Agency (CIA) sounds the alarm. Their message? The U.S. needs to develop an exit strategy— and fast. A call for supply chain diversification between U.S. and China While speaking at a lecture in Oxfordshire,…

    Article 2023年7月4日
  • What’s the Future of Cryptocurrency? A Tour Of The Industry’s Prospects

    Cryptocurrencies have been gaining momentum ever since their inception, but it is the price of Bitcoin that is acting as the main tug for the entire industry and as the most attractive instrument for investors. It is investors who determine the path of development of absolutely any invention or undertaking, or, more correctly – human avarice. Though it is true that for an invention to become successful, it has to first prove its usefulness to average people, market realities state that the market potential and successful advertising of a product determines its future as a return-generating instrument. Contents hide 1 Cryptocurrency Industry’s Overview 1.1 The Appeal and Use Cases of Cryptocurrencies 1.2 Challenges and Concerns 1.3 The Rise of DeFi 2 Looking Back at Past Perceptions 3 Cryptocurrency Market Overview May 2023 3.1 Bitcoin Sees Bullish Trend Amidst Banking Crisis and Regulatory Crackdown 4 What to expect in the future 4.1 1. Regulatory Showdown: Cryptocurrency Battles Reach a Tipping Point 4.2 2. Technological Advancements 4.3 3. Increasing Adoption: 4.4 4. Bitcoin’s Performance in Relation to the S&P 500: A Risk-On…

    Article 2023年6月3日
TOP