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.
Swiss-based Lykke Exchange has listed $XRP today!
XRP is one of the most traded & requested by our community coins.
Now it's available on LykkeX with 0% trading fee in pairs with BTC & USD: https://t.co/EC2vqETwls
— Lykke (@lykke) October 30, 2018
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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RoFX Review – Simplified Trading for Beginners
Developed in 2009, RoFX was tested in the world currency market and started offering successful bids with excellent profits from 2010. It is an EA with a proven AI that provides a fully automatic trading solution. The robot is ideal for beginners who do not have much knowledge or experience in forex trading. Here is an honest review of RoFX based on the information gathered from myfxbook and top forex robot review tests.
How to Get Started with RoFX
You need to know that RoFX is not available for download. However, you can open an account for free on the robot’s official website rofx.net. After logging in, the trader can choose from the packages available. A trader should select the package which seems to be the most convenient.
The bigger the deposit, the less of a percentage is paid as performance fees. The trader also has the higher share in the daily trading profit. Daily profit is calculated as 0.38%. There is loss coverage guarantee.
The following packages are available:
- Easy start
- VIP PAMM
You may view the details of the packages in the…
Fear & Greed Index Suggests A Bull in the Bitcoin Market?
As indicated by Justin Kwo, an analyst director from Bexplus, Cryptocurrency trading is a game of nerves and it cannot withstand the emotional behavior. Traders keep on changing their minds with the sudden and strong market fluctuations. This behavior reflects their psychological instability and prevailing sentiment in a particular time zone. However, in the Bitcoin market, traders’ emotions will determine their trading behaviors, which, therefore, affects the future trend of Bitcoin.
So, what is Fear and Greed Index?
Alternative.me has the most well-known and respected Bitcoin fear and greed index.
- Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
- When Investors are getting too greedy, that means the market is due for a correction.
To make it precise:
- When the index drops below 20 it indicates extreme fear.
- When the index rises above 60, it indicates extreme greed.
The result of Fear and Greed Index is calculated from the following aspects:
Volatility: the program marks wider fluctuations as a sign of fear
Market volume: if buying volumes increase significantly, the greed levels rise, too
Social media: the client monitors, gathers and counts posts on various hashtags, to see how many interactions they receive…
Origin Protocol Launches Fundraiser to Help Find Vaccine for COVID-19
Origin Protocol is selling KN95 masks at cost and shipping them to anyone in the US within 3-5 days. This is just one of the ways Origin is turning its rewards campaign into a fundraiser to support the Coalition for Epidemic Preparedness Innovations (CEPI) — a foundation that is working to accelerate the development of vaccines against COVID-19. CEPI first launched in 2017 with initial funding from the governments of Germany, Japan, Norway and the Bill & Melinda Gates Foundation. To combat the COVID-19 outbreak, CEPI has been moving with great urgency in coordination with the World Health Organization (WHO), who is leading the development of a coordinated international response.
“At Origin, we admire the critical work that CEPI is doing for people during this outbreak, and are dedicated to support its mission in accelerating the development of vaccines against COVID-19. With successful development and equitable access of these vaccines, we can fight COVID-19 together,” said Max Unger, Head of Community at Origin Protocol.
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