Ripple Labs Inc has taken one more step in consolidating its global remittances and payments network with a new partnership with London-based Fintech firm Finastra. The company announced this yesterday in a statement indicating the partnership will offer Finastra’s customers access to Ripple’s Mainnet blockchain. Being one of the most successful banking software solutions firms in the world, Finastra offers software solutions to all across the financial value chain and the global linkages it...
Read More »China Poised to Relegate the US Dollar, Says Ripple CEO
Ripple CEO, Garlinghouse, has sounded an alarm geared at calling the United States government to action, reiterating that China’s goal with the CBDC is to destabilize the US dollar. The CEO urged the government of the United States during an interview with Fox Business to be at the forefront of the crypto revolution, instead of China.Garlinghouse talked about the tech boom back in the early 2000s and how the US took control of the industry and benefited immensely from that...
Read More »Ripple CEO Warns U.S. Dollar at Risk of Being Displaced by China
As tensions continue to flare between the U.S. and China amid further trade war competitiveness, Ripple CEO Brad Garlinghouse has pitted the two superpowers against each other yet again, suggesting that America is falling behind China on crypto innovation. A ‘Call to Action’ China’s work on its central bank digital currency (CBDC) has stepped up in recent months. The project, which has been in production since 2014, is inching ever closer to realization, and it has some critics concerned...
Read More »At 13,000 Locations, Korea’s Largest Convenience Store Chain Will Accept Crypto
CU, the largest convenience store chain in South Korea with over 13,000 locations, will soon accept crypto. According to local reports and the statement of Terra’s co-founder Do Kwon, CU will integrate a payment system called Chai, which enables consumers to utilize a Korean won-backed stablecoin called Terra to transact. The stablecoin CU plans to accept is a major KRW stablecoin invested by Binance, OKEx, Huobi, Polychain, Dunamu (company invested by Kakao that runs UPbit), Arrington XRP...
Read More »Facebook’s Libra Will Be Delayed For At Least 3 Years, Believes Ripple CEO
Photo: ShutterstockWhen Facebook announced it is going with its own cryptocurrency Libra back in June, the CEO of Ripple Labs Inc., a US-based technology company, Brad Garlinghouse, was one of its first open supporters.Actually, he was so thrilled by the whole project and all the ‘fuss’ it had gathered in the crypto community that he decided to send the champagne to the Zuckerberg & Co.Be it as it may, a hard times has come to Libra, even before it actually came to circulation. As we had...
Read More »Encryption Startup NuCypher Raises Over $10 Million from Bitmain and Polychain Capital
Innovative encryption startup NuCypher has raised about $10.7 Million in what is referred to as a Simple-Agreement-for-Token (SAFT) in a financing round led by Polychain Capital and Bitmain and included VC heavyweights Y Combinator, Bitfury, Arrington XRP Capital, Notation Capital, Coinfund and other strategic investors.NuCypher’s token NU was purchased by the investors during the financing process. The $10.7 Million raised in NU tokens represents 8% of the total supply of the tokens...
Read More »Investors Hint at XRP’s Dominance Against Bitcoin Amid XRP’s Sudden Price Surge
Ripple‘s XRP token has been one of the poorest performers in the top ten cryptocurrencies in the market. XRP has shed more than 60% of its market cap year-to-date. However, XRP price’s sudden surge over the last few days has drawn investor attention back to the third-largest cryptocurrency.If we look at the weekly chart of CoinMarketCap, we can see that XRP has jumped by over 10% in just the last three days. At press time, XRP is trading at $0.27 with a market cap of just above $12...
Read More »Ripple Price Analysis: XRP Breaks Crucial Resistance Against Bitcoin, Is $0.30 Next?
XRP saw an increase of around 8% over the past 24 hours, bringing its price up to $0.2764. This latest spike is largely attributed to XRP being able to smash above the 3112 SAT resistance level against BTC. Despite this hike, the cryptocurrency is still down 30% over the previous 3 months as it makes its way back toward the $0.30 level.XRP remains the third-largest cryptocurrency with a market cap of $11.92 billion.Looking at the XRP/USD 1-Day Chart:Since our previous XRP/USD analysis, the...
Read More »Many Widely-Followed Traders are Bullish on Ripple Against Bitcoin
Ripple has been deteriorating in bear territory for most of 2019 against bitcoin. The third-largest cryptocurrency is down by over 63% year-to-date. The deep dive has driven many traders to take a bearish stance on the XRP/BTC pair. A trader seeing a massive XRP dump. | Source: TwitterNevertheless, the widely-followed accounts on Crypto Twitter (CT) think otherwise. They are seeing encouraging developments in the coin that they are sharing bullish charts. XRP/BTC Looks Hungry, Says Analyst...
Read More »Bitcoin Price Goes Below $8,000 as the Cryptospace Experiences a Squeeze
In what seems to be a return to bearish tendencies, Bitcoin price has dipped below $8,000 overnight, fortunately, major altcoins haven’t followed suit this time. At the time of writing, BTC was down 0.83% to $7,967.00.The altcoins, on the other hand, have fared differently with each altcoin seeming to find its ground. Ethereum (ETH) is down 0.51% to $174.16, XRP is up 5.44% to $0.27, EOS is up 1.27%, Tether down 0.71% to $1 while Litecoin is down by 0.97% to $55.68. Several factors may be...
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