Tag: XRP

A report by media outlet Axios claims that an unknown startup named Valor Foundation is attempting to launch a hostile takeover of the cryptocurrency XRP. This would be the first hostile takeover attempt in the cryptocurrency space. Valor’s Alleged Takeover Plans Valor Foundation, a San Francisco-based nonprofit that aims to service unbanked citizens of developing nation using cryptocurrency, is reportedly…

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Total crypto market cap lost $3 billion of its value since January 19, 2019, and fell to $119. Bitcoin declined to $3,590 while Ethereum dropped down to $116. The much-anticipated Ethereum hard fork has been postponed until late February of this year. This was confirmed by Ethereum developer lead Péter Szilágyi on his official Twitter account. The Constantinople fork is now…

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The major cryptocurrencies are in green for the last 24 hours as market capitalization still holds above $122 billion at the time of press. BTC/USD Bitcoin closed the January 16 trading session with a little more than a $20 price increase and did not allow further decline below $3,600. The mentioned level now represents a stable support threshold for bulls…

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There’s a common misconception within the blockchain and cryptocurrency community, which states that Ripple (XRP) is a corporate entity and the sole company behind the project’s development. The truth, however, reveals something much different. The masterminds behind the controversy-gaining and speedy settlement cryptocurrency, are an entirely separate company with multiple divisions. Of these formed divisions, some are decentralized and are…

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Total crypto market cap added $5 billion during last week and now sits at $138. TRON, Cardano, and Litecoin are the biggest gainers among top ten currencies with two-digit raises while ETH and BCH made a slight downward correction. BTC-USD The Bitcoin bulls have been successfully defending the $3,800 territory since December 28, 2018, when we last saw price below…

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Ripple announced that its payment platform, RippleNet, has acquired 13 new clients, bringing RippleNet’s total number of clients to over 200. The arriving clients include Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND, and Rendimento. On-Demand Liquidity Ripple announced that its clients JNFX, SendFriend, Transpaygo, FTCS, and…

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The total crypto market cap added $3 billion during last week, but it is still down with approximately $485 billion since the same time a year ago. Ethereum is leading the recovery after jumping 17 percent and returning to the second spot as the most valuable cryptocurrencies. BTC-USD Bitcoin moved below the $3,800 mark once again on December 27 in…

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The cryptocurrency market showed some signs of recovery with the beginning of the new week as total market cap added $14 billion to its value. BTC-USD Bitcoin dropped 5 percent on December 13 and lost $188 of its value closing the trading day at $3,354, just between the September 2017 lows of $3,600 and $3,200. The BTC/USD pair declined even…

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A major payments provider in the United Arab Emirates (UAE) is implementing blockchain-based systems to operate remittance facilities, while the country’s government is discussing the creation of a state-backed cryptocurrency in partnership with Saudi Arabia, as per two reports in the week of December 11, 2018. RippleNet Technology to Be Deployed Continuing its strong onboarding performance in the Middle East…

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The crypto industry lost another $15 billion of its market cap during the last seven days as the top three currencies continue their steep decline. BTC-USD Bitcoin erased approximately 6.4 percent of its value on December 6 and closed the day at $3,528. This was the second consecutive drop of more than five percent for the BTC-USD pair during last…

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