A group of major players in the crypto and blockchain industry have joined forces to pay D.C. lobbyists to ensure that US lawmakers pass legislation that is friendly to the crypto and blockchain industry. The group of fintech firms that are joining forces will be paying the lobbyists partially in crypto, and includes Ripple among…
SBI Holdings, a Japanese company with major banking subsidiaries including SBI Securities, SBI FXTRADE, and SBI Virtual Currencies, has received the green light from Japanese regulatory authorities to move forward with their partnership with US-based Ripple in order to launch a new joint venture called SBI Ripple Asia. The newly approved venture has been in…
Markets still falling back; XRP up but Ethereum still in pain. Crypto markets are still bearish today following yesterday’s 15 billion dollar dump. What seemed to be signs of another small rally ended a few hours ago when markets turned south once again. They are currently below $210 billion total market capitalization. Bitcoin has declined…
Key Highlights Ripple price is under a lot of pressure below the $0.5000 level against the US dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $0.5500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to decline towards the $0.4300 and $0.4200 levels in…
While the cryptocurrency markets are sitting well off their year-to-date lows, and Bitcoin is showing increasing stability with major support at $6,000, a Cboe options expert is now claiming that the markets may have yet to hit rock bottom, based on how this rally ultimately ends. As market sentiment is near its all-time low, the…
Key Highlights Ripple price surged higher and settled above the 0.5000 resistance against the US dollar. There is a short-term connecting bearish trend line in place with resistance at 0.6000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may break the $0.6000 level in the near term to test…
There is something of a battle for second place in cryptocurrency markets going on right now. The number two and three spots, Ether and Ripple respectively (at the time of writing, at least) have swapped positions twice already today with both showing exceptional strength on a day that is uncharacteristically green considering trends so far…
Stellar’s XLM surged 17% on Friday as the overall cryptocurrency markets posted gains, led by XRP, which was up 55% on a 24-hour trading period at the time of writing. The price rise of Stellar comes as the cryptocurrency is seeing increased adoption, specifically through IBM’s new cross-border settlement system – World Wire. On Friday,…
The crypto community burst with joy earlier today as cryptocurrency prices surged beyond even their most optimistic expectations. Contrary to what everyone has expected, the new price surge was not sparked by Bitcoin, as it usually happens. This time, the bull run is led by none other than Ripple. XRP Spikes Up After nine months…
Since December 2017 when the price of XRP, the native currency of Ripple, achieved $3, XRP has failed to come close in flippening Ethereum in market cap. Ten months ago, at the peak of the crypto market when the valuation of cryptocurrencies hovered at around $900 billion, Ripple briefly overtook Ethereum with a 41 percent…