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Ripple horizons expand as XRP gets listed on Swiss-based exchange Lykke

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On October 30th (just a couple of days ago), Lykke announced two listing pairs BTC and USD for Ripple (XRP). The exchange said their decision to add XRP is based on the fact that it’s one among the most requested and traded coins.

Lykke is a crypto exchange and blockchain project that aims to offer a platform which anybody in the world can use to exchange virtual currencies without needing to pay any fees. It emphasizes user-friendliness.

While this is not a platform that is very often on the limelight (which is not a bad thing when you consider how often that happens because of scandals) it’s still one of the most respected in the world and, reviews about it are usually very favorable and is generally considered to be trustworthy.

This new entry to the relatively long list of XRP exchanges uses a distributed ledger technology, based on Bitcoin’s blockchain. Or, at least, that how it started. Nowadays it’s also using Ethereum’s blockchain. You can access Lykke’s services very easily because even a mobile phone can do the trick. All you need to get started is to download and install a wallet. Execution of operations is guaranteed, settlements are instantaneous.

Lykke has offices in three different countries in the world: Switzerland, England, and Vanuatu.

The exchange even issues its very own cryptocurrency called LKK. The coin is backed up by the company’s value as every token is worth 1/100 share in the company (yeah, this means this coin is a security which has been a controversial issue for the cryptosphere in the recent months). Unlike Ripple’s XRP, the LKK coin is maybe not a star in the crypto sky, but the exchange is, indeed, among the most respected ones in the world.

Lykke’s services are available the world over, except in the USA, Australia, Canada, and Japan.

So, just a couple of days ago, the company announced that Ripple’s XRP currency is available on the platform. This is different from other XRP offerings because investors interested in Ripple’s coin will be able to buy XRP directly instead of trading it for Bitcoins or ETH wich, so far has been the rule in most exchanges in the world.

Ripple and XRP are not the same things. Ripple is a private company that produces blockchain technology aimed at settling international payments with the least possible amount of friction. XRP is the cryptocurrency created by Ripple to achieve that goal. This is an important distinction because, in the cryptoverse, you’ll often find that the coin is referred to as “Ripple” when it should be “XRP,” and this causes confusion.

Coming back to the point, this is an essential step for both Lykke and XRP. Lykke will be able to capitalize the interest that XRP has been gathering recently (one of the very few coins that have been rising in price over the last month).

Ripple, on the other hand, will be able to expand its horizons. XRP was never meant to be a retail coin for enthusiasts (like Bitcoin, or most other assets are) but a cryptocurrency that banks could use to do their job. That game is changing as Lykke, and other exchanges are turning it into a cryptocurrency you can buy directly, without using Bitcoins first, and that you can hold.

Ripple’s XRP has been growing steadily in value, and it’s now challenging Ethereum for the second place in the cryptocurrency capitalization market. They’ve been reporting amazing news recently. There’s even a plastic debit card based on XRP you can use in the street to pay for your cigarettes (ok, you don’t smoke… let’s call it beer).

Lykke is moving forward. And XRP is helping it along.

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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.

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Why Bitcoin Price Remains Stable Before the Expected Hike

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The cryptocurrency rallied a few days back, but now, it has moved closer to 38.2% Fib level. Investors are enthusiastic that as it remains at this level for some time, and stabilize. The next move in Bitcoin price will take it to the 61.8% Fib level. This is when the hike in the price of the cryptocurrency will occur towards $4,200. However, after the surge in price, the upcoming weeks will see the Bitcoin falling swiftly to $3,000.

The truth is that if this move fails to occur, there may not be an improvement in the value of the digital currency. Also, this movement will enable the “bullish gartly pattern” we saw on the BTC/USD 4H chart to become a reality. Also, we are expecting that the Bitcoin price will decline the same way it has been recovering since early February.

Why this week’s closing price matters

Presently, Bitcoin price is still trading above what the intrinsic value is showing on larger time frames. However, we can see adequate room to accommodate short-term rallies. The price at which Bitcoin closes this week is very critical. It will be a clear indication as to how the digital currency will move in the coming weeks.

If Bitcoin closes at a price above $4,000, we are hopeful that the correction may come from early next week. On the other hand, any…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Blogs

Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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