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Reasons proving Ripple (XRP) will not stay below $1 for Long

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XRP
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From the very beginning, XRP (Ripple) has been working on setting the lead for the cryptocurrency market, and that’s surely a mission accomplished for the company, which in fact, is conceived these days as the one to be followed in the whole industry.

Ripple has been showing some of the most consistent and significant steps on its path, even getting to create audacious strategies that for the rest of the companies seem to be unreachable.

Like so, is the bold move of working on hand by hand with the central banks around the globe, a fact that the company recently has loudly announced when stated they were addressing at least 40 or more of the world’s central banks with partnering proposals.

The game plan is not only well-elaborated, it is also very ambitious since of course, all of the commercial banks respond to their central bank figure, so if we see it through Ripple is targeting to engage as well with all of them. Thumbs-up on Ripple!

Ripple is keen to improve its transaction speed

With cryptocurrencies the faster the better, in fact, one of the reasons why the crypto users love these digital coins is because of the amazing speeds in operations, the main problem that on the other hand, regular financial forms haven’t been able to solve.

In this particular case Ripple has the ground all gained with a platform that allows the users to transact in a short period of time of 3 to 4 seconds, but still, the company feels like they can take it to another level; and to that responds the creation of a brand-new network denominated COBALT.

The new platform will perform transactions in the amazing time period of only 1 second, and even better, it is expected that when the platform is all set Ripple’s security could be improved even further.

Moreover, Ripple made public that COBALT will also manage to decentralize their system, a fact that could grant the company their spot on the Coinbase platform since the famous network only requires is that the coins function in a decentralized way.

Ripple refuses ICO possibilities

Ripple’s ledger is actually one of the most well-deployed among the market, on its decentralized and open-source platform many options are possible, including, of course, the possibility of launching the crypto tokens in it.

However, as recently was know different coders were trying to launch ICOs on the platform, recognizing that the ledger of Ripple is currently the best in the market, nonetheless, the company stated through a PR (press release) that they have no any intention of showing support or even promote ICOs on their platform.

Ripple is making its market wider

Ripple has made it today to finally appear in the Canadian market, the company was listed on the most advanced and important platform of the northerner country, CoinField, an exchange network in which its users will be able to trade using both XRP/USD and XRP/CAD.

The same way, at the end of March, Ripple made it to the British markets as it got its first pairing with GBT (Great Britain Currency) from LBX (London Block Exchange).

Ripple is maintaining its performance

Ripple Inc. has managed to perform in a better way than XRP, gaining more and more partnerships and even accomplishing to grow, an achievement of which, on the other hand, XRP hasn’t even been close to.

As a matter of fact, Ripple (XRP) is currently at a price of $0.47, a value that makes the coin decrease in a 4.3 percent, but in contrast, Ripple has maintained its third position in the market, and this fact let us conclude the XRP value won’t be under 1 USD for so long.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Rev. Santino via Flickr

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TRON Partnership Involves Cloud Computing

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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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Bitcoin

Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?

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Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.

It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.

The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.

China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.

Furthermore, the country has adopted several…

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Altcoins

Ravencoin (RVN) Surges Following Binance Listing

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While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.

About Ravencoin

Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.

Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.

Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.

Ravencoin got listed on Binance prior to MainNet launch

Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.

Getting listed on Binance has brought Ravencoin to the top…

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