Day: December 10, 2018

How adopting crypto in remittances can save India $4 billion

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In a recent report by the World Bank, India will continue to lead other countries in remittances this year. The report revealed that in 2018, Indians working overseas sent home 80 billion U.S dollars. With the sending being facilitated by various financial institutions, adopting crypto in the remittance process could have saved the $4 billion spent as service fees. Sending money internationally involves middlemen who masquerade as financial institutions and who take a share of the money being sent. Additionally, these financial institutions take days to approve these transactions making…

Ripple Price Analysis: XRP/USD Could Resume Decline Below $0.3000

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Key Highlights Ripple price is struggling to break the $0.3180 and $0.3240 resistance levels against the US dollar. There is a crucial bearish trend line formed with resistance at $0.3100 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may continue to move down below the $0.3000 and $0.2950 support levels. Ripple price is facing an uphill task against the US Dollar and Bitcoin. XRP/USD is likely to decline once again below $0.3000 as long as it is below $0.3100. Ripple Price Analysis After forming…

Ethereum Price Analysis: ETH Bullish Above $98 and Bearish Below $88

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Key Highlights ETH price recovered recently, but it faced sellers near the $98 level against the US Dollar. There is a crucial contracting triangle formed with support at $88 on the hourly chart of ETH/USD (data feed via Kraken). The pair may continue to trade in a range below $98 before the next move either above $98 or below $88. Ethereum price is facing many key hurdles against the US Dollar and bitcoin. ETH/USD must break the $98-100 barrier for a solid upward move in the near term. Ethereum Price…

Bitcoin Price Prediction Gone Wrong: $1M Options Call To Be Purged

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$50,000 Per Bitcoin (BTC) Forecast Goes Wrong Amid Bear Market One year ago, amid the peak of 2017’s monumental cryptocurrency bubble, in which everyone and their dog were incessantly discussing Bitcoin, BlockTower Capital, a juggernaut in the crypto investment realm, made a ludicrous bet on the future value of BTC. This, for those who aren’t in the loop, was the decision to create a $1 million options contract on LedgerX, a CFTC-regulated cryptocurrency platform, that would reportedly fork out $29 million to BlockTower if BTC hit $50,000 by 2018’s end. In other words, if…