Day: October 14, 2019

Ripple CEO Believes XRP is Better for Payments than Bitcoin

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Many people have always wondered what Ripple Labs CEO Brad Garlinghouse’s position on Bitcoin has been and what his motivations were for developing XRP. He revealed all this and more in crypto evangelist Anthony Pompliano’s Off the chain podcast. The podcast revealed quite a bit of detail about XRP and also showed the mindset of the cryptocurrency innovator.  In a rare moment of truth where he bared his soul during the podcast, Brad revealed his first encounter with Bitcoin occurred in 2012 at an “under-the-radar” conference organized by Peter Thiel…

Bitcoin, Ether, and XRP Weekly Market Update October 14, 2019

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The total crypto market cap added $11.3 billion to its value during the last seven days and now stands at around $225 billion. The top 10 currencies are all in green for the same time frame with Binance Coin (BNB) and Ripple’s XRP being the best performers with 20 and 11 percent of gains respectively. By the time of writing bitcoin (BTC) is trading at $8,345 while ether (ETH) dropped to $183. Ripple’s XRP moved up to $0.289 BTC/USD Bitcoin fell all the way down to $7,850 on Sunday, October…

Kik Announces It’s ‘Here to Stay’ in Apparent Reversal of Fortunes

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Canadian social media and messaging app Kik has revealed it’s “here to stay,” in an apparent reversal of earlier plans to shut down amid legal difficulties. In an official tweet posted on Oct. 13, the company announced: “Great news: Kik is here to stay!!!!AND there’s some really exciting plans for making the app even better. More details coming soon. Stay tuned.” “More soon” and “stay tuned” As previously reported, Kik had been embroiled in a costly legal battle with the United States Securities and Exchange Commission (SEC) over its initial…

Ripple’s XRP on the Verge of Mass Adoption to Save Economy?

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The hype machines are always in full flow, we also get swept away with the buzz, but no one can refute the fact something huge is brewing. With the FED printing money to fight off the biggest market crash the world has ever seen, what if they are buying XRP with FED QE loans. The Fed announced on Friday it will launch a new program next week that will gobble up $60 billion of Treasury bills per month. The purchases will further boost the size of its already-massive $4 trillion balance sheet.…

Telegram’s ‘Force Majeure’ Clause Curbs Investor Compensation

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Telegram’s pledge to return money to investors in the event of a delay to the launch of its blockchain network may be superseded by a “force majeure” clause in its purchase agreement. As an Oct. 14 report from Russian media agency the Bell emphasizes, the force majeure clause — which encompasses natural disasters, terrorist threats and the eruption of war — also includes legal or regulatory actions on the part of the authorities. Following an abrupt move by the United States Securities and Exchange Commission (SEC) to declare that the…

Sudden Sunday Drop Has Analysts Eyeing $7.8K Support

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Bitcoin price (BTC) returned to sideways trading on Oct. 14 after a sudden dip on Sunday evening saw markets lose 2% in minutes. Cryptocurrency market daily overview. Source: Coin360 Bitcoin claws back lost ground Data from Coin360 showed the largest cryptocurrency fluctuating around $8,300 at press time, having made up some of the ground lost during the downturn. BTC/USD spent much of the weekend grinding upwards, reaching local highs of $8,460 before dramatically reversing to bottom out at $8,200 minutes later. Since then, a slow recovery has been underway, paring…

Litecoin Turns 8 — Charlie Lee Says Foundation Not Near Bankruptcy

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As Litecoin (LTC) celebrated its eighth birthday on Oct. 13, its founder Charlie Lee had to fend off crypto Twitter’s FUD — fear, uncertainty and doubt — about the altcoin. Lee’s original post was the exuberant announcement that: “Litecoin network has been up and running continuously for the past 8 years with zero downtime. And in that span of time, over $500,000,000,000 worth of LTC have been transacted. Looking forward to the next 8 years and more! ” “We have enough money to last 2 years” The first response to…

Coinbase Eyes European Growth After Winning Irish E-Money License

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Cryptocurrency exchange Coinbase has been granted an e-money license by the Central Bank of Ireland. Writing in a company blog Saturday, Coinbase UK CEO Zeeshan Feroz said the exchange is one of the very first firms to receive the license from the central bank, following a Dublin office opening a year ago. The license will also help open up EU and European Economic Area (EEA) markets for Coinbase customers, Feroz said. Speaking on the announcement, state-sponsored business development agency IDA Ireland – which was set up to attract foreign investment to…

Ripple’s XRP Outruns Bitcoin to Spike 6% Amid ‘Swell Event’ Hype

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XRP was performing better Bitcoin and the rest of the top rivals on Monday as investors/speculators anticipated bullish outcomes from an upcoming Ripple event. XRP price leads the cryptocurrency market’s gains on Monday | Source: TradingView.com, Coinbase The third-largest cryptocurrency by market capitalization established an intraday high of $0.2936 as of 0616 GMT. The move uphill brought its daily gains up by 5.73 percent, as calculated from the opening price. At the same time, XRP stole a large chunk of capital from the Bitcoin market, rising by as much as…

Growth of BTC Millionaires Now Matches Bitcoin’s Early Years: New Data

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The number of Bitcoin (BTC) addresses containing more than 1,000 BTC ($8.3 million) is growing at the same pace in 2019 as before 2014, new data shows. Woo “super bullish” on wallet trend Uploaded to social media by Bitcoin statistician Willy Woo on Oct. 11, a chart of Bitcoin address growth by balance shows the network is now repeating a trend from its earliest years. Source: charts.woobull.com “The rate of growth of 1000BTC addresses now matches the early growth in Bitcoin’s network,” he summarized. Woo was expanding on original data…