Ripple (XRP)

The Bank of China went to the WeChat platform to highlight its concerns about Bitcoin. In a long post titled “3.15 protection of financial consumption rights and interest”, the bank warns the public on the risks of investing in Bitcoin.In a series of posts on WeChat, the Bank of China vehemently disqualified claims that Bitcoin can be classified as a safe haven, due to its high volatility especially in this period of coronavirus outbreak. The post which was titled, ‘3.15 protection of...

Ripple’s XRP is not suitable for Mexican remittances, but it might be a good solution in the African market where Intermex has recently expanded. In February, we reported about Ripple‘s collaboration with Intermex (International Money Express, Inc), provider of remittance services to Latin America and the Caribbean corridor. Within the partnership, Intermex was to use Ripple’s On-Demand Liquidity (ODL) through RippleNet and “enable faster cross-border payments between the U.S. and Mexico.”...

In 2019, MoneyGram has received $11.3 million worth of XRP, $8.9 million in the fourth quarter only. In 2020, this number seems to be increased.Recently, money transfer company MoneyGram has released its 2019 annual report. According to MoneyGram, it has sold $11.3 million worth of XRP received as a result of its commercial partnership with Ripple.As MoneyGram has revealed in its filing to the SEC, its loss in the fourth quarter of 2019 has totaled $11.9 million. However, the company assured...

Ripple price is currently struggling to clear the $0.1650 and $0.1700 resistance levels against the US dollar.The price is now trading below $0.1550 and it is likely to extend its decline.There is a key bearish trend line forming with resistance near $0.1600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could only surge higher if there is a clear break above the $0.1600 and $0.1700 levels.Ripple price is trading in a bearish zone below $0.1700 against the US...

XRP witnessed a small increase of 2.5% over the past 24 hours as it trades marginally below $0.16.The cryptocurrency fell from a high of $0.19 recently but managed to stay above $0.157 over the past two days.Against Bitcoin, XRP continues to struggle as the buyers try to keep it above 2525 SAT support.Key Support & Resistance LevelsXRP/USD:Support: $0.15, $0.14, $0.136.Resistance: $0.161, $0.171, $0.182.XRP/BTC:Support: 2525 SAT, 2500 SAT, 2455 SAT.Resistance: 2600 SAT, 2710 SAT, 2750...

Bitcoin is currently trading in the mid-$6,000 range. While it had expanded all the way to $6,800 during today’s early morning hours, it appears to have settled down a bit and taken a comfortable seat at around $6,400 during the time of writing.Bitcoin Has Seemingly Recovered SomewhatBitcoin is not alone in its present ascension. The currency is joined by the likes of Ethereum, Ripple and bitcoin cash, all of which have spiked by as much as 22 percent in the last 48 hours. The crypto downfall...

Italian bank Banca Sella is now offering its 1.2 million customers the ability to trade Bitcoin through their accounts, using a platform called Hype platform.An Italian bank Banca Sella has come to the rescue of the local people to offer a Bitcoin trading platform, as Italy struggles to contain the contagious coronavirus. According to a statement by the bank, it will now provide its 1.2 million customers with a platform to trade Bitcoins with their available balances. Banca Sella has named...

Not long ago, Live Bitcoin News reported that the price of bitcoin – the world’s number one cryptocurrency by market cap – was about to surge all over again. Today, it looks like that prediction is coming true.Bitcoin Is Spiking Again!After spending what feels like an eternity in the doldrums (though it was only about two weeks), bitcoin has risen from the ashes and added roughly $1,000 to its price, surging from approximately $5,100 to $6,100 at the time of writing. The currency is once...

BitcoinBitcoin witnessed a 22% price increase over the past seven days as it bounced from the $5,000 level and climbed back above $6,000 to reach the current price of $6,500. It had found strong support at $4,800 during the March market crash and traded sideways between here and $6,000 for the past week until breaking above in yesterday’s session.From above, the first level of resistance lies at $6,800. Above this, resistance lies at $7,000, $7,200 (bearish .5 Fib Retracement), and $7,500....

Bitcoin price shows signs of recovering as it hit $6,700 level, even as the stock market continues in the sell-off. Major cryptocurrencies like XRP and ETH have followed the rally, as the market cap has risen by $23.8 billion in 24 hours.The crypto community can afford a smile, after days of market price free fall. Led by the mother coin Bitcoin, the cryptocurrencies rose by nearly 20% in 24 hours, rejuvenating the lost hope. At the time of writing, Bitcoin was trading slightly above $6,700,...