Day: December 21, 2019

XRP Could Soon Fall Against Bitcoin, Analyst Warns as Pressure Builds

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Over the past few days, Bitcoin has strongly outperformed altcoins, especially Ethereum and XRP. On Wednesday, when BTC was trading 8% down on the week, both ETH and XRP — the second and third-largest cryptocurrencies by market capitalization, respectively — were down nearly 15% since the weekly open, crushed under the pressure of BTC volatility. Related Reading: Crypto Market’s Long-Term Trend is Positive: Binance CEO Explain Why Despite the fact that the cryptocurrency market’s capitalization has since recovered, the two aforementioned altcoins are still rather down on the week against Bitcoin.…

Where to Buy With Crypto This Festive Season

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Christmas is just around the corner, which means it’s time to get your holiday shopping out of the way for good. And while online retail giants such as Amazon and eBay have made online purchasing wonderfully simple for the average person, they do not really cater to a growing population of individuals who are looking to use their crypto for digital payment purposes. While a number of startups have entered this space over the last three to four years due to issues relating to market volatility, certain remaining setbacks need…

XRP Price Lost 95% in 2 Years — Is It Time Now to Get Bullish?

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Altcoins dropped severely during the recent retracement of Bitcoin (BTC) price to $6,400, which increased Bitcoin’s dominance above 70%. One of these coins is XRP, which took a hit of 20% and is currently valued at $0.19 per coin — or the lowest value in over two years — after hitting as low as $0.178. Crypto market daily performance. Source: Coin360 Nevertheless, the blockchain payments firm behind XRP, Ripple, just announced that it raised another $200 million in funding. Aside from that, they claimed to have ”the strongest year of growth…

Bitcoin Still Overtook Trump, VISA, PayPal, and Libra on Google Search in 2019

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2019 has been a slow year for bitcoin. It is up almost two-fold since January but it is at risk of ending the year with a 50 percent drop from its yearly high. Still, it has managed to overtake Donald Trump, VISA, PayPal, and Libra on Google Trends at the year’s peak. Cryptocurrency researcher Eric Wall pointed out that the Google Trends popularity for the keyword “bitcoin” hit its 1-year high from June 23 to 29. At the time, the bitcoin price started to demonstrate a parabolic rally to over…

If Blockchain History Were the Original Star Wars Trilogy

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Episode IV – A New Hope A long time ago in a galaxy far, far away… or maybe 2008 just feels like a long time ago. It is a period of civil war. Rebel cypherpunks are under the leadership of 900-year-old Jedi Muppet Satoshi Nakamoto, who managed to create secret plans for improving the galaxy’s financial infrastructure by removing the need for trusted financial intermediaries. The plans involve THE BLOCKCHAIN, a mystical force that binds the galaxy together. These plans exploit a tiny flaw in the Empire’s ultimate weapon, the…

For Quick Wins, Focus on Decentralization Within Existing Businesses

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Tal Kol is the co-founder of Orbs, a public blockchain bringing enterprise solutions and transparency to businesses. 2019 pushed the reset button on our industry. While hundreds of blockchain startups launched during the 2017-2018 peak, many of their use-cases for decentralization were not strong enough to survive the ensuing crypto winter. The startup world took a beating this year but there was steady interest…

3 Under-the-Radar Product Trends for 2020

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Richard Chen is a partner at 1confirmation, a seed-stage venture fund supporting crypto-native founders fueling the decentralization of the web and society. Bitcoin dominance. The rise of DeFi. Libra. QuadrigaCX. Crypto always has its fair share of news and drama, and 2019 was certainly no exception. But underneath the surface, many teams are heads down building open financial products that the world needs. As…

Can Bitcoin Benefit From New ‘Impossible to Crack’ Encryption Chips?

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A team of researchers claims that the prototype silicon chip that they developed enables encryption that is impossible to break. According to an article published on Dec. 20 by scientific paper publication outlet Nature, the system uses chaotic wavepackets in conventional Silicon-based semiconductors. The chip was developed by scientists from the U.K.-based School of Physics and Astronomy at the University of St. Andrews, King Abdullah University of Science and Technology in Saudi Arabia, and the Center for Unconventional Processes of Sciences in California. The paper explains that conventional encryption standards…

An Identity Layer for the Web Would Identify Us Everywhere

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Elizabeth M. Renieris is the Founder of hackylawyER, a fellow at the Berkman Klein Center for Internet & Society at Harvard and an expert on cross-border data protection and privacy laws (CIPP/E, CIPP/US), digital identity, and technologies like blockchain and AI.  Mere months into in the blockchain ID business, I had lost count of the presentations featuring the 1993 The New Yorker cartoon with…

Ripple Worth $10 Billion With $200 Mln Investment, Volume to Grow 600%

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Ripple ends the year with yet another major announcement after raising $200 million in series C investment, pushing company valuation over $10 billion. Series C investment rounds mean the company has already proved itself and the products it offers, focusing on scaling the company quickly and successfully. Investors involved in a Series C investment are likely big players expecting to at least double their money, ‘a sure thing’ for want of a better term. Today, Ripple is thrilled to announce $200 million in Series C funding—an investment that marks a…