Monday, April 22, 2019
On January 11, the crypto market experienced an intense sell-off as the Bitcoin price dropped below the $3,600 mark and major digital assets recorded drops in the range of 10 to 15 percent. Following a drop in the price of BTC from $4,037 to $3,505, traders expect the dominant cryptocurrency to fall...
The National Bank of Kuwait (NBK), one of the largest privately held financial institutions in Kuwait, has announced that they have launched the “NBK Direct Remit” for cross-border live payments. It uses Ripple’s enterprise blockchain technology solution to provide customers “with a frictionless remittance experience and fast cross-border money transfer solutions.” The service is...
On December 29, the Bitcoin price briefly surpassed $4100, initiating a promising rally from around $3,600. In the past 24 hours, the value of Bitcoin has retraced from $4100 to $3,800, falling to $3,688 at the day’s lowest point. The decline in the Bitcoin price led other major crypto assets such as Ripple (XRP) and Ethereum (ETH) to drop by a...
Credit card giant Visa Inc. is acquiring British payments firm Earthport for $250.6 million. Earthport — which provides cross-border payment services to banks and businesses — has been partners with Ripple, the blockchain-based payment network, since 2015. Under the merger, Visa paid four times Earthport’s closing stock price on December 26, Reuters reported. Visa was interested...
It was the announcement that ripple (XRP) investors had been anticipating for more than a year, but the news that crypto exchange giant Coinbase was “exploring” support for the second-largest cryptocurrency failed to elicit even a microcosm of the sort of rally that even the mere rumor of a Coinbase listing...
Earlier this year, in February, Tom Lee — co-founder of Fundstrat Global Advisors, the first Wall Street strategy firm to embrace bitcoin — opined that the crypto market had turned a corner and would see new highs in July. Nine months and several year-end price target reductions later, cryptocurrency assets remain...
The intense downtrend of the crypto market is finally having a toll on the best performing digital asset of the month. Ripple (XRP), now the second most valuable cryptocurrency in the market, is no longer up in value on a monthly basis. Throughout the past 30 days, XRP has maintained...
The UK-based money transfer service TransferWise says they’ll start looking into blockchain-based solutions when more banks start using Ripple - in spite of Ripple scoring significant victories lately by signing up PNC Bank and Santander, among others. Speaking on the latest episode of Fortune’s “Balancing the Ledger,” Taavet Hinrikus, co-founder and chairman of TransferWise, said, “If every...
Following the “flippening” last week where Ripple’s XRP cryptocurrency dethroned Ethereum as the most valuable digital asset in terms of market capitalization, XRP has managed to strengthen its positions in the crypto market after the crash last week. Percentage of total market capitalization (dominance): Source: coinmarketcap.com ____ Top 3 coins by market capitalization: Also, despite dropping more than...
Bitcoin price is consolidating near USD 6,450 with a bullish bias. Ripple price rallied more than 14% and broke the USD 0.520 resistance. Ethereum price is holding gains above the USD 208 support. During the past three sessions, there were mostly positive moves in bitcoin. BTC/USD traded in a...