Ripple’s XRP is tumbling while bitcoin climbs

Ripple’s XRP cryptocurrency slumped as much as 34% Friday morning, trading down to $2.45 a coin, after New York Times reporter Nathaniel Popper said he was unable to verify many of the cooperating banks the company had previously announced. CEO Brad Garlinghouse denied those claims.

Meanwhile bitcoin, the only cryptocurrency worth more than XRP by market cap, was trading up 7.9% at $16,465. Here’s Popper:

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Ripple CEO Brad Garlinghouse responded, saying that his company had set up interviews for Popper, and that he would be able to verify the its claims by speaking to those people. It’s not clear the subjects of those interviews, or whether they had actually been scheduled.

Ripple CEO twitterTwitter

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