CoinMarketCap called Ripple an “impostor” cryptocurrency
The aggregator platform referred to the asset being “controlled and governed by authorities”
30.04.2022 - 08:45
550
2 min
0
The aggregator platform referred to the asset being “controlled and governed by authorities.”
What’s new? The Twitter account of CoinMarketCap (CMC), a crypto asset data aggregator platform, has posted that Ripple (XRP) is an “impostor” cryptocurrency. The post states that XRP does not have the qualities of a real cryptocurrency as it is “controlled and governed by authorities.”
Community reaction. The tweet sparked a heated discussion among users and discontent from the Ripple community. They claim that CMC is biased against this cryptocurrency.
CMC later deleted its tweet and issued an apology. The company said that “a new team member was not familiar enough with our policy on commenting on other projects.”
What is Ripple? It is a blockchain network created in 2012 by Ripple Labs for currency exchange and transactions. The protocol is used by government financial institutions in Australia, Canada, and Israel.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$62 541
BTC
+0.05%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.09
XRP
-1.96%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.07837
DOGE
-1.3%
-
Zcash
$414.78
ZEC
-2.36%
-
Stellar XLM
$0.190461
XLM
-1.33%
-
Cardano
$0.147186
ADA
-4.31%
-
Polkadot
$3.32
DOT
+5.27%