THE LATEST CRYPTO EXPANSIONS
Ripple and XRP Cross border payment solutions via XRP have been opened up and are now available in both Argentina and Brazil. The payment solution is dubbed xRipple, and was announced at a recent conference focusing on the international monetary system, held by Swiss National Bank. Brad Garlinghouse, CEO of Ripple, announced that, “People are getting liquidity that exists in the marketplace in local regions between XRP and the Philippine Peso, XRP and the Argentine Peso, XRP and the Brazilian Real. And it’s tapping into that liquidity that exists in the marketplace.” Ripple has recently skyrocketed xRapid adoption, with the …
STOCKS DOWN YET BITCOIN SKYROCKETS AMIDST US-CHINA TRADE WAR
May has started off on an extraordinary run for Bitcoin (BTC); we have seen the price of the cryptocurrency skyrocket to above $8,100 USD. On Friday 10th May 2019, President Trump’s administration team raised tariffs on $200 billion worth of annual Chinese imports from 10 to 25 per cent. Trump has also announced that he is ready to impose 25 per cent on yet another $300 billion worth of Chinese goods. As a direct result of this, the Dow Jones Industrial Average (DJI) has dropped more than 590 points, with Apple down 5 per cent on the day of the …
BITCOIN SURGES TO HIT NEW HIGHS
The crypto market has made an impressive return over the last two days, adding $28 billion to its market, seeing the Bitcoin price surge above $8,100 USD to hit a new 2019 high. This marks the beginning of a new bull market. Alex Kruger, Global Markets Analyst suggests that the reason why Bitcoin is rising so rapidly was initiated without the involvement of the mainstream public. Kruger tweeted on May 12 2019, “This BTC rally is happening without the general public yet involved en masse. This is very bullish”. It is strongly suggested that the upward momentum of the crypto …
U.S – MOVE YOUR MONEY FROM THE BANK INTO BITCOIN
Abra, a non-custodial Bitcoin-backed global investment app has just released their latest service, allowing its users to easily move money to and from their bank into crypto. The app, which is available to Americans only at this stage, supports thousands of U.S banks and credit unions, allowing users to move their money into crypto more easily. Bill Barhydt, CEO of Abra stated in a media release, “The addition of these new liquidity enhancements in or app gives users more ways to move between crypto and fiat. Were particularly excited about our partnership with Plaid, which brings thousands of additional financial …
BITCOIN BULL RUN IS COMING, ITS TIME TO ACCUMULATE
The beginning of the month of May 2019 saw the price of Bitcoin (BTC) surge past the $6,000 USD barrier since November 2018. Currently at time of writing the price of BTC is sitting at $6,167.80 +2.30 per cent. The upward trend is continuing, with the bullish period beginning in April 2019, with BTC sustaining its price above the $5,000 USD mark since that time. This latest surge in BTC market price highlights current conditions as an example of an occurrence which has previously been seen before in BTC history. Suggestions from cryptocurrency analysts such as Plan B recommend that …
20% OF YOUNG AMERICANS OWN BITCOIN
In a latest online survey carried out in America by venture capital firm Blockchain Capital (BC), published on April 30, shows that Bitcoin (BTC) awareness and popularity has increased despite the bear market of 2018. “The results highlight that Bitcoin is a demographic mega-trend led by younger age groups”, Spencer Bogart, a partner at Blockchain Capital said. Bogart further went on to say that a staggering 20 per cent of the respondents aged 18-35 claim they already own Bitcoin, the worlds first and most popular cryptocurrency to date. The survey was conducted by Harris Poll, on behalf of BC, running …
WORLD FIRST CRYPTO ONLY CITY WHERE CASH IS BANNED
In a world first, a Blockchain city is being built in the Malaysian city of Malacca, where cash is banned and tourists will only be able to use Cryptocurrencies when they arrive. The new development, which is backed by the Chinese government, intends to turn 835 acres of the Malaysian city into the “tourist Blockchain destination of the future”. The new area will be named Melaka Straits City, and will boast a large number high end, luxurious high-rises, man made lagoons and all the other luxuries that come with a popular tourist destination. Melaka Straits City not only intends to …
TOM LEE: BTC To Hit Historic Highs By 2020
Founder of Fundstrat Global Advisors Tom Lee has predicted in an interview with CNBC on April 28 that cryptocurrency prices will hit new historic highs by 2020. During the interview, Lee anticipated that Bitcoin (BTC) is yet to complete its upward movement and will reach an all time high based on “11 signs that historically only take place in a bull market”. Lee further explained that three out of the 11 signs are already having a positive impact on BTC, indicating that the crypto winter has seen its end. These signs include Blockchain, technical indicators and trading volumes. In January …
CRYPTOCURRENCY LENDING SERVICE LAUNCHED TO THE PUBLIC
Dharma Labs, a San Francisco based cryptocurrency lending firm has launched its latest service to the public; cryptocurrency loans fulfilled via smart contracts. The announcement was made On Monday 8th April, explaining that the loans company is backed by exchange platform CoinBase. Users can now interact and use the service via any wallet. At the time being only Ethereum (ETH) and Stablecoin (DAI) are supported however, more coins are in the process of being added to the service. In the launch announcement Dharma explains that their vision is that users should be able to use cryptocurrency in their everyday life …
BTC OUTPERFORMS NASDAQ IN Q1 OF 2019
We are only in the first quarter of 2019 and it is already safe to say that Bitcoin (BTC) is having a great start to the year. Since the beginning of the year the cryptocurrency has already gained around 40 per cent of its value, soaring to outperform NASDAQ, the S&P 500 as well as most commodities such as gold and oil. Bitcoin’s success does not stop there however; it has also managed to outperform the stock value of marquee companies such as Amazon, JD.com, iQiyi and traditional assets, stocks and indexes. Bitcoin is currently sitting at USD $5,568.53, and …
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