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Ripple News: XRP Price Keeps Falling, Why?

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Ripple News
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Ripple news of product launch expected to increase the XRP price.

After the recent Ripple news announced that new products are about to be launched, XRP experienced quite a price surge. Furthermore, the surge was also driven by Ripple’s new partnership with American banking giant, PNC. The increase was so big that Ripple even managed to briefly replace Ethereum (ETH) as the second largest coin by market cap.

However, a correction followed soon after the price surge, and Ripple returned to its third rank on CoinMarketCap’s list. Even so, the new bull run was quite motivating ever since, and many expected XRP price to skyrocket once again after the products are actually launched.

The most notable one of Ripple’s product is xRapid, which was promised to numerous banks and financial institutions. The product is a marvel of Ripple’s technology, and it allows nearly instant cross-border transactions. Many believe that products like xRapid, and its predecessor xCurrent, are one of the main reasons why so many banks around the world have entered into a partnership with Ripple in the first place.

However, a real surprise came after xRapid was actually launched. XRP enthusiasts expected the next Ripple news to announce a new bull run. This is why they were left confused after XRP price declined by as much as 16%, instead of rising to potentially new heights.

The 16% price drop came during the first week after xRapid was launched, and the signs of a bearish trend remained constant ever since.

Why did XRP lose value despite xRapid launch?

Despite the fact that XRP price dropped significantly after the launch of xRapid, there is seemingly no real reason for this kind of reaction. This is why so many investors have remained confused by the new development.

However, if we dig a bit deeper, some hints as to why this has happened, begin to form. The first thing to note is that XRP price did not experience a surge due to the number of banks that Ripple has allied itself with. While the number of financial institutions willing to partner up with XRP is indeed impressive, the real motivating factor lies in the status of these partners.

However, despite their high status and excellent reputations, many of these banks have yet to actually adopt xRapid. Additionally, Ripple has recently held the Swell conference which has had several notable speakers who supported the project. The most notable of them, of course, was the former US President, Bill Clinton.

While this might seem like a big motivator at first, many agree that the former president’s speech was not convincing and motivated enough. The aim of the speech was to represent cryptocurrencies as the future of the financial sector. However, while he did address the use of cryptocurrency, he did not say much regarding its future as primary means of making transactions.

According to experts, this might be one of the larger reasons why many have lost faith in the new system, despite the fact that it is slowly getting implemented by the banks.

Still, optimistic XRP investors believe that this Ripple news is only a temporary setback and that the project’s success will come in due time. After all, the rate of Ripple adoption is rising, and the number of partnerships follows. More and more banks are choosing to turn to Ripple, and many believe that the market will allow the coin to rise once again sooner or later.

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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.

Image courtesy of Tumisu/Pixabay

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How Cryptocurrencies Will Change Online Gambling in the Future

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online gambling
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Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.

An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.

A Post-Legality Era

Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.

In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll…

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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

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How to Secure Yourself in Relation to Bitcoin: Top VPN Services

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Bitcoin
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Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

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