Ripple update: Tinfoil hat: is Chinese exchange manipulating XRP price? Or is this just a whale shorting XRP from China?
So there has been a post that at the moments when XRP price was falling there was huge activity on new Chinese domain ZB.com. Right after the price stopped dropping so did the volume drop on the said exchange.
It is connected to QCash cryptocurrency and XRP/ZB trading pair accounted for 20% more volume during the dips.
Domain owner is not public but hidden by Godaddy service. It is known that chinese investor bought it. Their website is down now.
We should maybe keep an eye on their further activity.
ZB Technology Limited., is registered offshore, in the Independent State of Samoa.
ZB.COM’s headquarters are in in North America (Canada, the United States), and it also has operations in Southeast Asia (Bangkok), West Asia (Dubai), as well as South Korea, and Switzerland.
I’ve came across that this company might be connected to Bitmain. Then all makes sense I guess.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Don’t forget to share the post if you love it !