Day: June 24, 2018

Coinbase Should Add XRP [And It’s Not a Security]: Ripple CEO

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Brad Garlinghouse, the billionaire CEO at Ripple Labs, the company that oversees the development of XRP, the $18 billion blockchain network, has said for the first time in public that Coinbase should integrate XRP, the native cryptocurrency of the Ripple network. CEO Says Ripple is Clearly Not a Security In an interview with Jeff John Roberts from Fortune at CB Insights Future of Fintech conference in New York, Ripple CEO Brad Garlinghouse said that XRP is solving problems at scale for institutions and large-scale banks, and Coinbase should be interested…

EY Launches Blockchain Content Rights Platform with Microsoft as Partner

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Global leader in advisory services, EY, in partnership with Microsoft announced a blockchain based solution which facilitates content rights and royalties management. To start things off, Microsoft and affiliated game publishers will be using the solution in the gaming industry, although this sort of a solution can be used in multiple industries where intellectual property(IP) or assets are licensed. Gaming happens to be a huge and impulsive market which serves a good case for testing the waters. The solution aims to have a real-time visibility of transactions that will hopefully give…

Crypto Tourism Is Growing – For Better or Worse

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Cryptonation. Blockchain Cruise. CryptoCribs. These are just several of the names of tourism programs focused on the blockchain industry, from luxury cruises to Middle East startup tours, that are part of a growing trend targeting crypto-curious travelers. The Blockchain Cruises, organized by the tourism arm of Edinburgh, Scotland-based crypto wallet provider CoinsBank, have garnered a significant amount of attention. Already, the company has hosted two, where crypto millionaires partied hard on the sea, and now they’re gearing up for their third cruise through the Mediterranean in September. During the cruise,…

Cryptocurrency Market Drops to $241 Billion, EOS Takes a Huge Beating

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From $260 billion to $241 billion, the valuation of the cryptocurrency market has dropped by over $19 billion in the past 24 hours, as major cryptocurrencies including bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS fell by large margins. For a third day in a row, EOS, the delegated proof-of-stake (PoS) network based on the Ethereum blockchain protocol, has recorded the biggest loss amongst major cryptocurrencies. On June 24, EOS recorded a loss of 13 percent, while BTC, ETH, XRP, and BCH fell 3.5%, 4.6%, 5.8%, and 8.5% respectively. Why the…

Bitcoin Price Hits Yearly Low at $5,825, Where Will it Bottom Out?

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The bitcoin price has dipped below the $5,900 mark, after initially dipping below the $6,000 mark on June 23. Subsequent to four consecutive sell-offs as shown in the 1-hour bitcoin price chart below, BTC officially fell to a yearly low. On February, the bitcoin price recorded a major drop from around $8,000 to the lower end of $6,000, bottoming out at around $6,050. However, on June 24, the drop of BTC continued to the higher end of the $5,000 region, entering $5,000 for the first time since early November. Almost…