1.5 Billion XRP Moved to Bank Grade Vaults & Ripple Escrow Breakthrough?

Exciting times for XRP investors, we appear to be gearing up to a bull run to eclipse 2017, acceleration of the Ripple movement is gaining pace rapidly. A total of 1.5 billion XRP moved yesterday from private wallets on Bitstamp to bank-grade class 3 cold storage vaults protected by 100 million insurance. Millions of transactions are made each day using blockchain technology and this number is growing fast. Transactions are made directly between sender and receiver, at very low cost, anonymous and without oversight. At Whale Alert we track these…

Lock BTC, Get DAI: Lending Firm Bridges Bitcoin-DeFi Divide in Latin America

Canadian startup Ledn, which offers bitcoin-backed fiat loans, now also offers dollar-pegged DAI loans, connecting bitcoin users with ethereum’s decentralized finance (DeFi) ecosystem. Ledn co-founder Mauricio Di Bartolomeo, a Venezuelan expat, told CoinDesk this new partnership with stablecoin promoter MakerDAO was driven by customer demand. Out of “thousands” of users, more than half of Ledn’s users are in Latin America, Di Bartolomeo said, where ethereum-backed DAI is increasingly seen as an alternative to strictly regulated dollar transfers. In fact, this past weekend the central bank of Argentina restricted civilians to…

The Future of Cryptocurrencies in the UK Hangs on FCA’s Decision

Since the days of the British Empire, the United Kingdom has been one of the world’s largest and most influential economic powerhouses. Even though its financial control over the world has substantially decreased, the country is still one of the most culturally relevant regions in the world, especially when it comes to the adoption of a trend.  A survey by London-based law firm Michelmores LLP revealed that 20% of affluent millennials in the United Kingdom have invested in Bitcoin (BTC) and other cryptocurrencies. Keeping this in mind, when the U.K.’s…

Think Tank Opinion: Facebook’s Libra Could Pave the Way for New Global Digital Currency

The president of the European think tank, the Centre for Economic Policy Research (CEPR), told CNBC that although Facebook’s forthcoming digital currency Libra has not been approved yet, it could spark the creation of another global virtual currency. Since it was announced, Libra has faced a lot of criticism from multiple financial establishments and countries over security, privacy and other concerns such as money laundering and the financing of terrorism. Facebook proposed plans for the digital currency in June this year but was met with multiple obstacles regarding regulation. On…

Bitcoin Price Tackles $9.5K as Analysts Spot Potential Breakout Signal

Bitcoin price (BTC) was challenging $9,500 on Oct. 29 as the largest cryptocurrency preserved its higher levels after a bullish breakout over the weekend. Cryptocurrency market daily overview. Source: Coin360 Analyst: Bitcoin suggests further upside on the cards Data from Coin360 showed BTC/USD repeatedly attempt a fresh push past $9,500 on Tuesday. The level seemed difficult to crack, however, with each break towards $9,600 met with rejection.  At press time, Bitcoin was circling $9,430, volatility remaining after a sudden drop to $9,200 earlier in the day.  Bitcoin seven-day price chart.…

OKEx Launches Crypto Futures Settled in Tether Stablecoin

Cryptocurrency exchange OKEx is to launch a range of cryptocurrency-based futures contracts settled in the stablecoin tether (USDT). The exchange will support USDT pairs including bitcoin (BTC), ether (ETH), bitcoin cash (BCH), EOS, XRP, bitcoin SV (BSV) and Tron (TRX) with leverage between 1 and 100x when trading commences on Nov. 6, according to a press release issued Tuesday. The firm claims its linear futures contracts will be easier for newbie traders to handle, as holders do not have to hedge the margin risk as they would with inverse contracts.…

P2P Crypto Trading Volume Increased 2800% in South Africa, Says Paxful

Peer-to-Peer (P2P) cryptocurrency trading platform Paxful has seen 2,800% more trades in South Africa this month compared to October 2018. Demand for crypto sharply increases in S.A. Paxful announced the growth of its South African user base in a blog post published on Oct. 28. In the post, the company also notes that Johannesburg, Pretoria and Cape Town are the three cities that see the highest numbers of users. Paxful adds that the overall number of trades in the African continent also increased by 64% when comparing the current month…

Speculation Abounds Over the Cause of Bitcoin’s Recent Rally

Crypto’s most recent bull run began last Friday, October 25, after a significant plunge in prices just days earlier that had some prognosticators worried about a return to late 2018 and early 2019’s bleak crypto winter. Since the recent spike, prices have held relatively steady, suggesting this rally is not just a flash in the pan. That being the case, a look at bull runs of times past and what this could mean for the market today is in order. Also Read: After Breaking New Records Bakkt Announces Crypto Consumer…

Key Indicator Turns Bullish as Bitcoin Struggles to Break Above $10K

View The three-day chart MACD’s first bullish turn in over three months could bode well for bitcoin’s price, according to historical data. The cryptocurrency may challenge 2019 high above $13,800 before the year’s end. The immediate outlook, however, is bearish and prices could drop to $8,800 in the next day or two, with the daily chart reporting buyer exhaustion. Further, China’s state media has asked investors to avoid speculative behavior which could dampen trading. A pennant breakout on the hourly chart could yield a re-test of recent highs above $10,000,…

Crypto Still in ‘Darwinian’ Process of Selection

A top executive at private Swiss private banking Julius Baer says cryptocurrencies are still at the stage of a “Darwinian” process of selection. In an interview with Arabian Business on Oct. 29, Christian Gattiker-Ericsson — Julius Baer’s chief strategist and head of research and investment solutions — argued that: “We are still in this Darwinian selection process where different business models get tried and tested, but we haven’t seen something that was a clear winner.” Crypto still “more like gold than a currency” Gattiker-Ericsson had a further claim about the…