Day: February 11, 2019

Ripple Price Falls and Drops Below Ethereum, Why XRP is Demonstrating Weakness?

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Ripple prices bullish xRapid adoption should be a top priority Transaction volumes picking up after Feb 8 gains Shoring our optimism is the expectation of xRapid adoption. Binance is open for a partnership while Ramessa Online is waiting for further clarification before incorporating XRP. In the meantime, XRP is on an upward trajectory, and we expect bulls to drive prices above 34 cents triggering the first wave of sellers aiming at 40 cents Ripple Price Analysis Fundamentals Executives at Ripple continue to broadcast their objectives of continually building a superior…

Philippines Union Bank Launches Crypto ATMs

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One of the Philippines largest banks, Union Bank, is set to launch the first two-way crypto ATMs in the country. Union Bank Crypto ATMs Customers will be able to buy and sell cryptocurrencies for cash through the ATM. The idea is to provide an easy and accessible means for crypto to fiat conversion and vice versa. The move may help to spur on adoption for the digital asset. Union Bank said the following on the crypto ATMs: “In the bank’s continued quest to cater to the evolving needs and tastes…

UAE Exchange and Payment Platform Unimoni Join Ripple’s Payments Network

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Finablr, a global payment platform and foreign exchange operator based in the United Arab Emirates, has joined Ripple’s (XRP) RippleNet blockchain network, a press release reveals on Feb. 11. Finablr’s network brands, UAE Exchange and payment platform Unimoni, will use the blockchain-based platform provided by Ripple to complete real-time transactions to Thailand. The firm also reported it has plans to expand the services to other countries in future. As per the press release, the first partner in the service major Thai bank, Siam Commercial Bank, letting UAE Exchange and Unimoni…

Bitcoin Holds Near $3,650 While the Stock Market Sees Minor Uptrend

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Monday, Feb. 11 — most of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time, with Bitcoin (BTC) hovering near $3,650, according to CoinMarketCap data. Market visualization from Coin360 At press time, Bitcoin is up less than half a percent on the day, trading at around $3,648, according to CoinMarketCap. Looking at its weekly chart, the current price is just over 5 percent higher than the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH) has regained its place…

Tron Price Under Pressure, TRX Drops $105M in 24 Hours, Undesired Effects of BTT?

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Tron prices bullish but under pressure hours after a snapshot Price drops accompany major Tron announcements Transaction volumes low but poised to rise as TRX find support. Candlestick formations, as well as fundamentals, favor TRX prices. Even so, TRX is under immense pressure and could cave in if prices drop below Jan 14 lows and main support line at around 2.5 cents. Upon completion of this BTT airdrop, we expect prices to snap back to trend. Tron Price Analysis Fundamentals There is good news for TRX coin holders: they will…

Major Crypto Exchanges Launch OTC Desks Despite the Crypto Winter

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Institutional investment is increasingly being seen as the future of crypto trading, with both Binance and Bittrex launching their own dedicated over-the-counter (OTC) desks in January. The desk launches come after Morgan Stanley published a bullish report in November, showing a strong pattern of institutional investment for Bitcoin. The latest developments indicate that some of the world’s largest exchanges are receiving increased demand from institutional investors, for whom OTC represents a lucrative opportunity. Cointelegraph takes a look at the latest launches and OTC news. Binance launches dedicated OTC desk On Jan. 23, the…

ALS Association Partners With TRON to Use Blockchain to Track Donations

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The ALS Association has partnered with the TRON Foundation to launch a blockchain-enabled charity campaign, according to a press release shared with Cointelegraph on Feb. 11. The campaign, called #VoiceYourLove, aims to build awareness around amyotrophic lateral sclerosis (ALS), commonly known as Lou Gehrig’s disease, and raise donations for research into treatments and finding a cure. According to the press release, TRON’s (TRX) participation in the campaign will include using blockchain technology to track donation distribution. The ALS Association plans to release data tracked by Tron to the public at…

Ethereum (ETH) Reclaims the Number 2 Spot Ahead of Constantinople Upgrade, Edging out XRP

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In the past few weeks, we have seen a constant reshuffling of the top 10 rankings of cryptocurrencies according to market capitalization. Only a few days ago, we saw Tron (TRX) make an entry into the top 10 riding on the wave of investor interest created by the BitTorrent (BTT) token sale and airdrop. TRX is currently ranked 8th according to market cap. Binance Coin (BNB) is currently ranked 10th after edging out Bitcoin SV (BSV) and due to the team at the exchange constantly BUIDLing and updating on developments.…

IBM Partnership Uses Blockchain, IoT to Combat Drought in California

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A collaborative IBM project using blockchain and the Internet of Things (IoT) to tackle drought is underway in the United States state of California, according to a press release published Feb. 8. IBM Research and sensor tech provider SweetSense have reportedly partnered with non-profit organization The Freshwater Trust (TFT) and the University of Colorado Boulder to use blockchain and IoT technology to sustainably manage groundwater use in what they describe as “one of the largest and most at risk aquifers in North America” — located in northern California’s Sacramento-San Joaquin…

California to Use Blockchain to Manage Groundwater Usage

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Left, Stephanie Tatge, Ecosystem Services Analyst for The Freshwater Trust and Nathan B Wangusi, Technical Lead for Water Research, IBM Research – Africa, holding a low-cost satellite sensor from SweetSense. With the help of blockchain and Internet of things (IoT) technologies, the State of California wants to change the way it manages groundwater usage. The Freshwater Trust (TFT), a nonprofit working to protect and restore freshwater ecosystems, has teamed up with IBM (NYSE: IBM) and satellite connected sensors provider SweetSense to pilot technologies to accurately monitor and track groundwater use…