The first and second-largest cryptocurrencies by market capitalization, Bitcoin (BTC) and Ripple (XRP) , respectively, are our focus in today as we discuss the possibility that XRP may be a better store of value than BTC amid volatile cryptocurrency market conditions. A large sell-off of digital assets began on November 14th, 2018 when total...
TRON (TRX) is a decentralized platform that leverages blockchain and peer-to-peer network technology in order to facilitate the sharing of entertainment content. TRON aims to disrupt the $1 trillion global entertainment industry by connecting content creators directly with customers, cutting out middlemen like the Apple App Store and the Google Play Store. ...
Lagging and volatile global stocks, a strengthening US dollar, and prospects of slowed interest rate hikes combine to create a potentially bullish outlook for gold prices. From its value of USD$2,925.51 on October 3rd, 2018, the S&P 500 has fallen 10.01% to USD$2,632.56/share. Over that same time period, the price of gold has appreciated 1.69% to...
Cryptocurrency markets are sustaining a harsh sell-off that began on November 14th, 2018 and have continued since. Could stablecoins be exacerbating the cryptocurrency sell-off? Stablecoin holdings are liquid and relatively safe alternative to holding cryptocurrencies amid a bear market without leaving the asset class in favor of fiat holdings. Amid this...
Amid another harsh cryptocurrency sell-off today, Bitcoin (BTC) is down roughly 20.02% month-to-date while Ripple (XRP) is up 5.48% month-to-date. After XRP flipped Ethereum (ETH) last week to become the second-largest cryptocurrency by market capitalization, speculation is beginning to build surrounding whether or not it will do the same to BTC in...
Stellar Lumens ( KRAKEN:XLMUSD ) has seen strong gains so far in November, generating month-to-date returns of 21.8%. Although the general cryptocurrency market has performed well in November, XLM’s success can be primarily contributed to Blockchain.com’s announcement that it will airdrop USD$125 million worth of XLM into Blockchain wallet holders’ accounts who...
Starting in 4Q2016, the Ripple Company began releasing a quarterly XRP Markets Report to comment on the health of global XRP markets, provide updates on the current state of cryptocurrency markets, and disclose quarterly Ripple ( KRAKEN:XRPUSD ) token sales. On October 25th, 2018 the Ripple Company released their 3Q2018 XRP Markets Report which detailed that...
Zcash (ZEC) developers officially activated the highly anticipated Sapling hardfork, which lowers the weight of shielded transactions by 97% while reducing average transaction times by 90%. No longer are shielded transactions using Zcash limited to users who run entire nodes -- with Sapling’s implementation, shielded transactions are now feasible for average...
Zcash ( ZEC ) developers officially activated the highly anticipated Sapling hardfork, which lowers the weight of shielded transactions by 97% while reducing average transaction times by 90%. No longer are shielded transactions using Zcash limited to users who run entire nodes -- with Sapling’s implementation, shielded transactions are now feasible for average...
o Singaporian mobile app, JiojioMe launched a new app fueled by blockchain technology and users can set up their wallets to receive their rewards in JCASH, the platform’s token. The app incentivizes user engagement and allows users to earn rewards via interaction. Users can customize their ad preferences and choose which ads they would be willing to see. o The AI...
o o The Guangdong Provincial Public Security Department shut down a gambling platform that had USD$1.5bn in cryptocurrency bets related to the World Cup. The platform accepted bets in BTC, ETH, and LTC. The gambling operation reportedly had a following of over 300,000 members and 600+ cryptocurrency wallets o The AI Machine Learning 3-Day Crypto Signal for BCH is...
o OKCoin cryptocurrency exchange has launched a US offering in fiat-to-crypto trading. The exchange is now accepting USD$ deposits and withdrawals and pair trading with BTC, BCH, LTC, ETH, and ETC. The firm registered with the US FinCEN as a money service business. Currently, the USD-crypto trading is limited to California residents. OKCoin was one of the largest...
o Trading platform Robinhood is looking to win the cryptocurrency exchange war by killing trading fees. There are currently no exchange fees to trade cryptocurrencies on Robinhood’s platform which is consistent with its business model for stocks and options trading. The firm’s goal is to get users onto its platform via crypto and make money collecting interest on...
o Hedge fund manager, Steve Cohen, has recently invested in the crypto asset hedge fund Autonomous Partners. Cohen invested in the fund using his vehicle called Cohen Private Ventures. The fund has also raised money from Union Square Ventures and Coinbase CEO Brian Armstrong. Currently there are over 250 crypto-only hedge funds and it is estimated that USD$5bn has...
Robinhood is expanding its cryptocurrency offerings and will now include Litecoin and Bitcoin Cash. Additionally, now 17 states can own and trade cryptocurrencies using its platform. Robinhood users have been able to trade cryptocurrencies since February but were limited to Bitcoin and Ethereum. Even though the platform only offers trading on 4 cryptos, users can...
Binance is reportedly backing a decentralized bank to be launched in Malta. Binance will be acquiring a 5% stake in Founders Bank at a USD$155mm pre-investment valuation. The bank will partner with fundraising platform Neufund to issue equity tokens. Founders bank is attempting to obtain a license from the EU to be officially recognized. o The AI Machine Learning...
IT Giant, Fujitsu, is launching a “Ready-to-Go” blockchain service which will seek to deliver a minimum viable product in just five days. The price for the service will be €9,900. Companies will work with the IT giant for 5 days and then decide if they want the blockchain product developed or if they want to walk away. The firm already holds close to 50 patents on...
India may not be banning cryptocurrencies and instead treat them as commodities according to a source familiar with the situation. A senior government official stated that “the issue here is about regulating the trade and we need to know where the money is coming from. Allowing it as (a) commodity may let us better regulate trade and so that is being looked...