Jed McCaleb

5 Articles 2 Followers

Jed McCaleb is the co-founder of the Stellar Development Foundation and Chief Architect of the Stellar Lumens (XLM) project. McCaleb is also the founder of Ripple, where he was also the Chief Technology Officer. McCaleb has wide ranging experience in the development of software and peer-to-peer file sharing networks, having created eDonkey2000, the peer-to-peer file sharing software. 

Most famously, McCaleb created the now defunct Mt. Gox cryptocurrency exchange in 2010, which at one point was the world’s largest cryptocurrency exchange. McCaleb sold Mt. Gox in 2011, years before it would stop all services and file for bankruptcy.  

Born in the United States of America, McCaleb attended into the University of California, Berkeley, before dropping out and moving to New York City. Besides founding Mt. Gox, Ripple and Stellar, McCaleb also founded Code Collective, which developed a video game called The Far Wilds; and continues to serve as an advisor at the Machine Intelligence Research Institute. He has donated $500,000 worth of XRP tokens to the institute, and has also donated to another artificial intelligence focused group, OpenAI.

By his own admission, the Stellar project was created as a result of his belief that the world’s financial infrastructure is broken, with too many people being left without resources. Stellar and Ripple are seen as competitors by investors, though the former is more customer oriented, as opposed to Ripple’s business oriented offerings.


Finding Shelter in Stellar

20 Sep 2021 3 minute read 2 comments I-HODL

Earlier this year, when I made my very first cryptocurrency investment, it actually was not the colossal Bitcoin. While the first payments I received from a mobile app I was playing were in Bitcoin and Ether, the very first coin I actually purchased...

Ripple Co-Founder Sold $500K a Day of XRP in May 2020

2 Jun 2020 1 minute read 7 comments Abhimanyu Krishnan

Ripple co-founder Jed McCaleb has sold $500k worth of XRP - roughly 2.7 million XRP - on average everyday in May 2020, according to data being released. The address in question shows sales of XRP in the range of 2 to 3.5 million XRP for almost every...

Ripple Co-Founder Sold 1.8M of XRP Daily in April

4 May 2020 1 minute read 3 comments Abhimanyu Krishnan

Whale Alert on May 1 tweeted that Jed McCaleb, co-founder of Ripple, Mt.Gox and Stellar, sold nearly 55 million XRP in April, as proven by the activity stemming from his wallet. The total sum amounts to $11.7 million. Still in possession of over 4 bi...

Ripple: Jed McCaleb is selling all its XRP, is that a problem?

8 Feb 2020 1 minute read 0 comments Roberto D.

Jed McCaleb, the co-founder of Ripple (XRP) and Stellar (XLM), has sold $ 1.05 billion of XRP since 2014. The website tells us that the tokens in McCaleb's possession are compensation for his previous role in Ripple. Here's how McCaleb...

Who Really Invested and Founded Ripple? - Behind The Curtains

21 Oct 2019 6 minute read 4 comments Farmer.

Ripple’s origins is an interesting and storied one, as tends to be the case with most major cryptocurrency projects. Jed McCaleb, an extremely prominent figure in the crypto industry, originally conceived of the idea of a cryptocurrency that establis...