FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Ripple news: XRP Ledger displays a transaction worth 150 million XRP - Global Coin Report
Connect with us

featured

Ripple news: XRP Ledger displays a transaction worth 150 million XRP

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

For the past few days, the crypto market has been nothing good to write home about. Yesterday, the crypto market witnesses a bit of recovery from XRP’s 0.502 swings low against the US dollar to exchange above the 0.52 US dollar and 0.53 US dollar level as a pair. However, the upside move was limited by the 0.545 US dollar and 0.55 US dollar resistance levels from previous supports.

Earlier today, one colossal settlement appeared on Ripple’s XRP ledger which has stirred commotion among traders, investors, and members of the Ripple community.

Through the social media handles, the Ripple community are crying foul and speculating the reasons behind this large transaction and its confusing destination address. The transaction amounts to about 150 million XRP with the transaction charge being less than a cent.

The open source blockchain technology, XRP Ledger which is behind Ripple’s cryptocurrency is said to be independent of any influence from any one person or entity.

However, the Ripple community has erupted with disappointment and speculations as to whether the existence of XRP as a currency is only a source of money for Ripple as a company and as an asset used to increase the company’s financial standing.

A section of the community believes that the founders initiated the transaction while others are still of the idea that the transaction either belongs to Chris Larsen or Jeb McCaleb.

The suspicious transaction comes at a time where there has been a lot of pressure towards the Ripple management to come clean on whether a single individual can influence the XRP Ledger within the company or any other business.

Speaking this week during the Swell 2018 event, Ripple CEO, Brad Garlinghouse was forced to address this issue, making it crystal clear that Ripple (XRP) is utterly decentralized despite the growing discomfort.

Further, the leader of Ripple Labs went ahead to clear his chest by saying that all the FUD revolving towards XRP was only a result of haters spreading negative rumors and news concerning XRP to benefit from the negativity.

On his response on whether Ripple XRP is centralized, Brad went on to reveal that even him as the CEO has no control or administrator rights that can influence the XRP Ledger.

That is how decentralized Ripple’s XRP currency asset is. As a former Uber driver and now the leader of one of the most promising cryptocurrency, at the moment, Brad emphasized the decentralization of XRP to the crowd.

Ripple (XRP) Price Analysis

Over the course of one of its largest gathering, Ripple (XRP) prices took a downturn tumbling to the extent of being sold off to the extent of 4 billion US dollars, in spite of big news from a host of top of the range listers from the world of virtual currency, traditional markets, and Ripple Labs.

On Sunday, the prices of Ripple (XRP) reached 0.6 US dollars in the run-up to the Swell 2018 event but has unfortunately depreciated by 13 percent since then, falling below 0.52 US dollars.

All hope is not lost as a section of experts still believe this year is going to be the year Ripple (XRP) is going to increase in price significantly once again. A few months are remaining before the year ends during which tides might change to lead an exponential price increase given the fact that Ripple XRP has been partnering and closing deals with top fintech firms.

In recent times, Ripple has been enjoying a lot of trust and goodwill from some institutions adopting its xRapid product that facilitates superfast cross-border settlements more conveniently. Ripple is a blockchain technology that is improving the services companies are offering to their customers and cannot be written off easily.

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 Flickr

Education

Adoption from the grass roots: The reason its just not happening yet!

Published

on

By

cryptocurrency
READ LATER - DOWNLOAD THIS POST AS PDF

As someone who has been extremely involved in the cryptocurrency space the past 2 years, and 6 as an investor I want to point some things out.

  1. The whole space is full of egomaniacs

When I first got involved as an investor in 2013 buying 2.5 BTC I thought very little of where it could go. It was a small tight group of believers back then. As the space evolved you found there were more and more Craig Wright’s. What I mean by that is there were tons of people with massive egos who did not care what others said. It was okay before 2016-2017 as I wasn’t so closely following what was going on.

Once I got involved in the space more quit my job and went deep into the space I noticed something. I saw a tom of egomaniacs pretending they really knew what they were talking about, I saw people acting like they knew everything about everything and I saw CEOs who had little to no hope other than big talk and hopium.

In my opinion, we need more humble leaders in the space, people who truly care about it more than making as much money from people as they can. People who aren’t showing off watches during a hash war that ended with zero winners, and led us into the longest crypto winter…

Continue Reading

Don't Miss

The Impact of SEC Regulation and the Crypto Bear Market on Ethereum

Published

on

Ethereum
READ LATER - DOWNLOAD THIS POST AS PDF

Way back in June 2017, it was beginning to look inevitable that the flippening would occur and Ethereum would take over the top spot of cryptocurrency market caps. With smart contract capabilities and an order of magnitude more potential applications than Bitcoin, everybody was keen to jump on the Ethereum bandwagon.

Of course, a lot has changed since then.

The speculation-fueled bull run that culminated at all-time highs in late 2017 for Bitcoin and January 2018 for altcoins was unsustainable. Talk of a global paradigm shift appears laughably premature in hindsight.

Today, prices have collapsed across the entire market, with Ethereum itself breaking below $100 last December after all-time highs of $1.4k just 11 months prior. Although a mini-recovery has ensued in early 2019, the situation continues to look bleak and the reputation of cryptocurrencies for the general public is still far from stellar.

Prominent blockchain expert Peter Du, the founder of Du Capital, recently explained the crux of the problem, saying:

“Cryptocurrencies, which were once the new darling and dream of investors have now taken a backseat, given the current crypto blizzard. To be sure, maintaining hundreds of billions of dollars in valuations supported by unsecured coin issuance was…

Continue Reading

Don't Miss

Bexplus Trader Expert Sharing: Which Investment in Bitcoin can Make Profits?

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

At this time last year, Bitcoin was reaching its all-time high price. However, the whole year past, its price declined by 80% since then. BTC speculators or investors don’t seem to be getting tired of its “disruptive” price falling. And a lot of people that missed out on the late 2017 and early 2018 price hike, jump in the crypto world, expecting to make quite a fortune when it hits its former levels. But the story just goes the opposite way. So is it possible to profit from BTC investment? In the following part, we will explore 3 types of profitable BTC investment.

Measure 3 Common Types of BTC Investment

  1. Invest in BTC Spot and Wait for Appreciation

Bitcoin spot trade might be the first transaction type that most investors will opt for when they just entered the cryptocurrency area. Investors can directly buy BTC with fiat currencies. The only way to earn money with BTC spot is waiting for its price rising. Unless you are a BTC believer and willing to wait for its appreciation in several years, you should turn to another type of investment.

  1. Exchange BTC to USDT and Earn the Spread

USDT is the cryptocurrency version of US dollar and also considered as a stable cryptocurrency. Generally speaking, when the BTC, as well as other cryptocurrencies, drop, USDT may perform…

Continue Reading

Elite