Ripple, the company that actively uses the world’s third-largest cryptocurrency XRP in its solutions, is having big plans ahead this year in 2020. In the latest development, Ripple said that it plans to launch its XRP-based cross-border payments systems to global markets.In the newly released XRP Market Report, Ripple said that plans to bring XRP-based international payments to companies and individuals alike. Furthermore, the blockchain startup explained that XRP provides real-time gross...
Read More »It Doesn’t Look Like Libra Is On Track Anymore
For the longest time, executives of Libra have stated that users can expect a release date of 2020 for the coin. However, 2020 has finally arrived, and the project doesn’t look any closer to coming to fruition than it did roughly one year ago.Libra Could Be DelayedThe currency – first introduced in June of 2019 – has experienced its fair share of hard blows over the past seven months. For one thing, many people don’t trust the currency after all the dirt that’s gone down with Facebook, most...
Read More »You Can Now Buy Crypto with Your Credit Card Using BitPay
Popular Bitcoin payment processor BitPay has sealed a partnership with fiat-to-crypto payment processor Simplex, enabling users to purchase Bitcoin and other cryptocurrencies directly within the BitPay app using a credit card. They can also transfer funds, make purchases and send money to friends from a single dashboard.In providing BitPay with a fiat onramp to conduct and settle crypto transactions, Simplex has created a major on-ramp to the cryptoconomy. Over 30,000 merchants use BitPay,...
Read More »When Will Nasdaq Roll Out Its Mysterious Bitcoin Futures?
During the interview given to Erik Schatzker on the World Economic Forum in Davos, Nasdaq CEO Adena Friedman was discussing her LinkedIn post concerning ”market economy”. She was also touching the cryptocurrency sphere, saying that Bitcoin futures are a viable option and that they have an unnamed partner helping to set everything up.Two Main Reasons Nasdaq Will Consider Regarding Bitcoin FuturesAfter observing the market conditions, Nasdaq wants to bring up a viable solution that will be...
Read More »Libra Has Lost Another Association Member in Vodafone
Another major partner has left the Libra project in the dust. This time, the one making a grand exit is Vodafone, an international prepaid phone carrier.Libra Is Still SufferingLibra has had a very rough history. First introduced to users in June of 2019, the project has seen its fair shares of ups and downs (more downs, at this stage) and has been the subject of widespread criticism from international leaders and U.S. regulators alike.The company has also lost several big-name supporters...
Read More »China Should Slow Down On CBDC, According To Former Deputy Governor At People’s Bank Of China
Central banks have been contemplating the idea of creating their own cryptocurrencies for a while now. China has been one of the first countries to express its intentions in this regard. The country’s CCIEE chair even stated that they will be the first to launch its central bank digital currency (CBDC). A former deputy governor of the People’s Bank of China (PBoC), however, said that they should slow it down.China Should Slow Down With Its CryptocurrencyTalks of China issuing its central bank...
Read More »Bitcoin Gold Is Under 51% Dangerous Attack, Miners Double-Spend $72K
The attack on Bitcoin Gold was first spotted by James Lovejoy, a researcher from MIT Bitcoin Club.Bitcoin Gold ($BTG) was 51% attackedhttps://t.co/KxFvrsOhuO— James Lovejoy (@metalicjames) January 24, 2020The short review of the attack is already on GitHub. The review says that on January 23, and 24, the attackers have removed blocks from the BTG network. Then, they re-added them and added new transactions instead of their old ones. Why did they do that? Because such thing as pulling the...
Read More »Will Jack Dorsey Help Propel Bitcoin to $250,000?
Jack Dorsey is working on a kit that can help integrate Lightning Network to bitcoin wallets. Dorsey’s Square won a patent for a crypto-to-fiat payment system. Bitcoin can take multiple roads to a multi-trillion dollar valuation. Tim Draper has not backed off his prediction that bitcoin will skyrocket to $250,000 in 2023. The venture capitalist who invested in Skype, Tesla, and SpaceX believes that key improvements happening on the Bitcoin network will catalyze the...
Read More »Local Bitcoin Trading Platform Suspending User Accounts
Popular bitcoin exchange Local Bitcoin has been suspending users’ accounts.Local Bitcoin Is Acting UpMany have taken to social media to express their frustrations, while news outlets in the Middle East, Africa and Asia have also reported on the situation. It appears that these accounts belong to longtime users; people who have been serviced by the exchange for many years, and the closures are happening without any prior warnings.Have these customers violated the rules somehow? What could be...
Read More »Ripple Price Analysis: XRP Falls Below 100EMA As Bulls Try To Defend
XRP decreased by 7% this week, which brought the coin back beneath the 100-days EMA.Against BTC, XRP dropped into the support at the 2600 SAT level.XRP has found strong support at the .5 Fibonacci Retracement level.Key Support & Resistance LevelsXRP/USDSupport: $0.218, $0.209, $0.1850 Resistance: $0.2283, $0.234, $0.25.XRP/BTC:Support: 2600 SAT, 2350 SAT, 2455 SAT.Resistance: 2710 SAT, 2800 SAT, 2900 SAT.XRP/USD: XRP Holding Support at .5 Fib Retracement Since our last analysis, XRP went...
Read More »