Tag Archives: XRP (XRP)

It’s a good start to the week as Bitcoin and the majority of altcoins have turned green in the crypto market rally. In the last 24-hours, the overall cryptocurrency market added $10 billion.Simultaneously, the BTC price has surged nearly 5% moving above $7600. Bitcoin is currently leading today’s market rally with Ethereum posting under 3% gains. Last week, Bitcoin was struggling to cross $7000 and instead went all down below $6600 levels.However, it quickly managed to cover its lost ground...

Ripple is ending this year in high class. The company announced on Friday it managed to raise $200 million in Series C funding. This investment presents the last stone in a road marking this the record “Ripple year” regarding its business. It also proves the blockchain technology’s worth in improving global payments and the higher advantage when it comes to the digital asset XRP and the XRP Ledger.As per the official announcement, the Series C was led by the investment company Tetragon and...

Alexander Holmes, CEO of MoneyGram, the main money transfer organization, as of late talked about his joint effort with Ripple, much the same as Brad Garlinghouse, CEO of Ripple, anticipates that the world’s biggest banks should adopt digital forms of money in 2020.It is accepted that 2020 will be the year when digital forms of money proceed to wider growth, and not every person can endure.In the recent interview, Holmes said that their joint effort with Ripple could change the payment...

Not long ago XRP was a hit ‘per se’. Everybody was talking about it. However, in 2019, we can hear much about XRP once being a great tool for “pumping and dumping” and now is pretty much irrelevant. However, we don’t agree. It went up pretty strongly in July this year but the truth is that it’s fighting in the last few days to have its head above the water. At the time of writing XRP price was down 5.57% to $0,187 that is the lowest in more than two years.Usually, the losses in XRP present...

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.As we see, on D1 of the Bitcoin there is a reversal Wedge pattern forming, promising a reversal and an attempt of growth rather soon. For the bulls, it is important to secure above $7670, which will confirm the development of an uptrend.What is more, similar patterns are forming on the charts of...

In yet another major sell-off Bitcoin price crashed below its crucial support of $7000 on Monday, December 16. As per blockchain researcher Chainalysis, this dumping is part of another major scam brewing in the crypto industry.In its report, Chainalysis mentions a China-based Ponzi scheme PlusToken which is dumping its crypto holdings to cash out. PlusToken, a cryptocurrency wallet, trapped investors by promising high returns to those purchasing their native PLUS cryptocurrency against...

Traditional payment companies seem to be taking vastly different approaches to cryptocurrencies. Earlier this year, it seemed like PayPal was about to blaze a trail in the space by working with Facebook on Libra, although it later pulled out. Elsewhere, more forward-thinking firms like Revolut and Skrill have embraced crypto, while Monzo has issued a firm “no,” and Stripe has backed away.So, what exactly is going on in this tumultuous relationship between payment firms and cryptocurrencies,...

In an ongoing report, Bank of America (BoA) said that Ripple’s cross-border presentation was innovative and praised it. As a fan of XRP, known under the online nickname BankXRP, pointed out on Twitter,  BoA commended Ripple on the deposits of transitional payments.Bank of America : Ripple cross‐border solution Ripple’s distributed ledger solution remedies legacy correspondent banking infrastructure challenges and provides bi‐directional messaging to enhance payment tracking, data...

In what is seen by many within the crypto space as a win, it has emerged that cryptocurrencies have become the best performing asset class this year. Sources have indicated that based on recent research, the cryptocurrency digital asset class has outperformed other asset classes by a wide margin. Even though cryptocurrencies are still below the highs experienced in 2017, cryptos as an asset class have made an incredible comeback from the so-called crypto winter when everyone thought that it...

With the change in time, everything including currency has been digitalized. Cryptocurrency is a digital benefit used as a form of business transaction.Cryptocurrency functions using cryptographic algorithms to offer consumers a secure line of financial transactions. Crypto exchange gives customers a chance to implement business deals without the presence of an intermediary .i.e. an accountant, a third party or a banker.Legal IssuesThe interaction with currencies make taxation inevitable....