April 25, 2019

Ripple (XRP) Finally Bouncing Off Q1 2019 Lows, Will Bulls Prevail?

April 25, 2019 boss

Ripple (XRP) recover after Apr-24 hammering Bitstamp reminds users of Ripple’s decentralization strategy Critics claim Ripple (XRP) is nothing more than an “airdrop” whose absence wouldn’t affect operations. However, XRP proves to be useful for speed, and after Cobalt, firms using xRapid will enjoy settlement times of one second. Price wise and XRP bulls are back, shoring the asset after Apr-24 drawdown. Ripple Price Analysis Fundamentals Much has been said about Ripple Inc, XRP and Ripple Labs, the separate and independent firm behind XRP. Of the many, decentralization stands out.…

Mt Gox Trustee Extends Deadline to File Rehabilitation Plan

April 25, 2019 boss

A looming deadline for the trustee of Mt Gox to file a civil rehabilitation plan has been pushed to the end of October, an update posted to the defunct bitcoin exchange’s website said Thursday. Nobuaki Kobayashi, the trustee, said in the update that though he originally intended to file a plan by April 26, he needs more time due to the number of rejected claims. The Tokyo District Court, which is overseeing the case, approved an extension request, and Kobayashi now intends to file a rehabilitation plan by Oct. 28, 2019. The…

Senator Mizulina’s quote is similar to ‘1984’

April 25, 2019 boss

Restriction Is Freedom: Russian Senator’s Orwellian Quote April 25, 2019 by Jeff Fawkes Russian senator Elena Mizulina wants the press to hold their horses on reporting a recent quote she made about freedom — one that sounded very similar to what George Orwell wrote in his famous novel “Nineteen Eighty-Four”. Also read: Starting a Career in Traditional Finance ‘Is a Risk’ in 2019, Says Liquid CEO Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts ‘Restrictions Mean Freedom’ – Mizulina Attacks Press With Restrictions After several Russian online…

Senator Mizulina’s quote is similar to ‘1984’

April 25, 2019 boss

Crypto Adoption is Like Internet in 1990s With 50M+ Users, Massive Potential Left

April 25, 2019 boss

For some reason or another, many pundits, both in and out of the crypto ecosystem, have likened Bitcoin’s parabolic rally in 2017 to the Dotcom Boom and Bust at the turn of the millennia. Sure, there are similarities, like the fact that both industries were revolutionary, were initially misunderstood and hated, and were rife with bad actors looking only to turn a quick buck. But, one analyst claims that cryptocurrencies and public blockchains are still early on in their development, meaning that a copious amount of upside may be in…

Survey Says Sell? Just 43% Believe ‘Golden Cross’ is Bullish for Bitcoin

April 25, 2019 boss

By CCN: Not everyone is convinced that Bitcoin’s highly-touted “golden cross” is a bullish signal for the world’s largest cryptocurrency. Almost 25% of Crypto Investors Believe Golden Cross is Bearish for Bitcoin According to a Twitter survey conducted by crypto bull Thomas Lee, 24% of Crypto Twitter inhabitants believe that the signal, which typically hints at a bull run ahead, is a trap and that it is time to unload some Bitcoin. A golden cross occurs when a 50-day moving average crosses the 200-day moving average from under on the…

Top Traders Held Talks on Making Crypto Part of Global Financial Architecture: Bloomberg

April 25, 2019 boss

More than 20 of the crypto market’s biggest traders gathered in January for talks on making digital assets and tokens part of the global financial architecture, according to a Bloomberg report published on April 25. The meeting was reportedly arranged by Standard Chartered executive Hoe Lon Leng — and representatives from Galaxy Digital, Coinbase and Binance were among those said to have attended the talks at a luxury resort in Singapore. Bloomberg reported that the meeting has resulted in plans for a clearinghouse for crypto derivatives that would reduce trading…

Bitcoin Dominates Demand as Genesis Processes $425 Million of Loans in Q1 2019

April 25, 2019 boss

Cryptocurrency lender Genesis processed $425 million in loans over the first quarter of 2019, according to a report released on April 25. The company’s Q1 Digital Asset Lending Snapshot revealed bitcoin (BTC) continues to dominate demand, comprising 68% of its loan portfolio. Lending in ether (ETH) almost halved to 3.6% compared with the last quarter, and XRP also slightly declined to 6.7%. Genesis, which began to offer USD lending as a pilot scheme towards the end of 2018, said demand for dollars remained strong in the first quarter, representing 10%…

Payment Processor Wirex Partners With Stellar, Plans to Launch 26 Stablecoins

April 25, 2019 boss

United Kingdom-based cryptocurrency payment processor Wirex partnered with Stellar (XLM), the company announced in a press release on their website on April 24. Wirex is a company licensed by the U.K. Financial Conduct Authority (FCA) that allows crypto users to spend their cryptocurrencies with a dedicated Visa card, with a new total of nine digital token offerings. Per the announcement, users will now be able to also deposit and spend their XLM tokens through the service. Wirex has also announced plans to launch 26 stablecoins pegged to fiat currencies, including…

OKEx Incentivizes Market Makers With New Program Offering Lower Trading Fees

April 25, 2019 boss

A crypto exchange has unveiled its new market maker program, with incentives for participants in the form of lower trading fees and reduced transaction costs. OKEx — which, according to CoinMarketCap, is the world’s biggest exchange by trading volume at the time of writing — says the program is open to users who have completed the necessary Know Your Customer (KYC) verification procedures and have total assets exceeding 20 bitcoin or the equivalent in their account. The company says these requirements are “less strict” than those offered by its rivals.…