The cryptocurrency markets have held steady today and have given investors a welcome reprieve from what seems like a constant downturn, with the overall markets trading sideways after experiencing nearly two weeks of consistent price plunges. At the time of writing, Bitcoin is trading down 1.1% at its current price of $3,730, trading choppily over…
A number of high profile companies within the cryptocurrency space have invested in Securitize, a primary issuance platform for asset-backed security tokens on the blockchain. The startup raised $12.75 million in a Series A funding round led by San Francisco-based VC firm Blockchain Capital. Coinbase Ventures, Ripple, NXTP, and Global Brain Corporation have also invested.…
Key Highlights Ripple price fell sharply, traded below the $0.3500 support area, and later recovered against the US dollar. There is a major bearish trend line in place with resistance at $0.3750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to struggle to clear the $0.3900 and…
Following a turbulent week for the cryptocurrency markets, most major cryptocurrencies have fallen even further today, and analysts now believe that there is more room to fall for Bitcoin and Ethereum. At the time of writing, Bitcoin is trading down over 4% at its current price of $4,300. Over the past few days Bitcoin has established…
Key Highlights Ripple price failed to move above the $0.4400 and $0.4500 resistances and declined against the US dollar. There was a downside break below a contracting triangle with support at $0.4300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to break the recent low of $0.4000…
Key Highlights Ripple price is currently consolidating below the $0.4500 and $0.4600 resistances against the US dollar. There is a key contracting triangle formed with resistance at $0.4460 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is preparing for the next break either above $0.4500 or below $0.4280. Ripple…
Cryptocurrency markets have lost more than $60 billion in value in less than a week, following a price crash that has caused bitcoin, ethereum and ripple to hit their lowest levels since 2017. The price falls appear even more dramatic given the remarkable period of stability that preceded them, which had prompted some analysts to warn that the lack of…
Another day heralds more doom and gloom for the majority of cryptocurrencies, including the top ones. Markets have been hammered over 15% on the day losing in excess of $20 billion since yesterday but not all digital currencies are suffering the same level of pain. A Case For Stellar Lumens Both Ethereum and Bitcoin Cash…
Markets recovering a little on Sunday; XRP moving up, Stellar and Monero not far behind. A Sunday bounce has pulled cryptocurrency markets back from the abyss … for now. Following one of the largest falls this year during the week markets are recovering a little today as total capitalization creeps back up over $185 billion.…
San Francisco based blockchain company Ripple has secured another major banking partner in Asia this week. ASEAN’s fifth largest bank, CIMB Group, as announced that it will join RippleNet in order to utilize the firm’s cross border transfer products. Its XRP token meanwhile has held on to second spot over Ethereum. RippleNet Expands it Reach…