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Ripple, Ethereum, Bitcoin: What’s in the cards for them?

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Ripple Ethereum Bitcoin

Current neutral observers are calling the crypto-coin market “volatile.” It’s not volatile. Since last December it’s been going down like a lead balloon, there’s no way around even for Bitcoin, Ethereum or Ripple (the top threes). But the cryptosphere marches on in the knowledge that bearish runs are not eternal but just a stage in which you wait for the next bullish run to arrive, and take advantage of the opportunity to buy cheap.

In that spirit, several blockchain projects keep moving forward and pursuing their goals as if the market didn’t matter at all. And if they get their way, the market won’t matter at all, indeed. Let’s talk about a few of them.

Last week was “Blockchain Week” in San Francisco, home of Silicon Valley and digital tech capital of the world. Many interesting news came out concerning Ripple, Ethereum and Bitcoin last week. Let’s briefly review some of them.

Ripple

Ripple’s annual conference was held starting last Monday, with former President William Clinton delivering the keynote speech (which barely mentioned blockchain technology or cryptocurrencies at all) but gathering a lot of attention for the event.

Swell 2018 (that’s the conference’s name) concentrated on Ripple’s platforms’ applications and the launch of xRapid, the company’s new platform which will use XRP (Ripple’s native currency) as a means to consolidate an international remittances network.

Ripple’s technology to settle international payments is ready to go into the production stage. It’s not extensively deployed yet. But big players such as Banco Santander are using it already, and the tech is so good it could end up taking over SWIFT’s business. SWIFT’s conference is getting held at the end of this month too, and they also included Ripple in theirs (a big surprise to many).

The most relevant thing about Swell is that three big financial institutions are using xRapid in the production stage already, not just as a pilot or as a trial. If that works well for those three banks, many more will follow, creating demand for the XRP token and bringing Ripple’s technology into the traditional financial system’s mainstream.

Big and small banks all over the world are starting to realize how Ripple’s platforms and currency can give them a competitive advantage and joining in pilot programs. They can save money, time, provide their customers a better service. They’re paying attention.

The mood at Swell, according to participants, was very optimistic which is good news for everybody in the crypto community, not just for Ripple. It’s all about mainstream adoption, which is the point in which cryptocurrencies stand a serious chance to take over the world. No, we’re not joking about this.

Ethereum

After Ripple, we have Ehtereum to talk about. Things haven’t changed there in a while. The same amazing advantages. The same complaints: the network is slow, and the gas price becomes inconvenient as the token’s value goes up.

That is why the community is working hard to make things faster at Ethereum, but it’s also why many projects are looking to transfer their platforms away from Ethereum to other blockchains which are much faster and also much cheaper (Cardano, EOS, Tron are good examples, some of which, ironically, started over Ethereum).

Bitcoin

On Bitcoin’s front, prices are still expected to rise. But nobody knows when. While nobody doubts this will happen, it’s becoming a bit of a tedious wait because it’s been ten months already.

There’s obviously nothing wrong with Bitcoin, but speculative pressure has kept it down for a very long time, and that pressure keeps almost all other coins down because, in exchanges, most cryptocurrencies are pegged to Bitcoin in some way or another.

In short: Despite the not so pleasing present, there seems to be a bright future ahead for Ripple, Ethereum and of course the king, Bitcoin. There’s plenty of good news in the cryptosphere, and we didn’t even mention Tron or other projects that have been leaping forward spectacularly. But don’t worry, we report on all those news too, every day.

For the global insights every crypto trader must have, apply for Elite membership!

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 MaxPixel.net

Bitcoin

Blockchain technology outshines Bitcoin and Gold during global pandemic

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As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.

However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world. 

Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

What is blockchain technology?

Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see. 

Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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