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Ripple gives multi-million dollar bursary to a research organization

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Berkely Haas, a growing business school under the University of California, has been awarded a multi-million-dollar grant from Ripple’s University of Blockchain Research initiative in a bid to foster a blockchain research program.

It is worth noting that Ripple is a growing company in the emerging blockchain industry and it is also a mega cross-border settling company of new age. The research program has been aimed to support research, courses, and student activities in the blockchain industry, cryptocurrency, and digital payments.

Furthermore, Haas business school is a beneficiary of Ripple’s grant, and it now pleads for different bids from individuals with eligible innovations in the school.

A letter issued by the Institute for Business and Social Impact (IBSI) gave vital information concerning the bid and what the grant will offer when it comes to research and student activities in the blockchain industry.

The letter also indicated that critical courses such as Engineering, Law, and others in the school would be included during the research. Additionally, the grant offered by Ripple will be used to fund the faculty, research processes, and other related events on the Berkley-Hass campus.

Subsequently, the IBSI aims to give grants to academic activities which include, Blockchain and distribution systems, cryptocurrency and digital payments, and cryptography. Also, it relates to the aforementioned topics related subject areas such as blockchain for economic development and global financial inclusion will be considered too.

The letter also indicated that funding is available for the faculty to back their research, teaching, curriculum, development, case studies, cross-developmental collaboration, thought leadership, and other research activities in the mentioned subject areas.

Additionally, the letter stated that the institute would support graduate research program for $5,000 maximum and undergraduate research program for $3,000 maximum. Faculty research will be given $15,000 maximum.

The various research pitches are to be based on Ripple blockchain about smart contracts, regulatory issues and the technicalities of XRP’s ledger.

It was also stated that under exceptional circumstances, IBSI would fund research beyond the maximum levels stated and that if there be any need for additional funding, then the amount needed should be indicated. It is also essential to note that the funding projects will commence between Jan 1 and June 30, 2019; student research projects must be completed within a year after the commencement date.

Ripple’s XRP Current Market Overview

Ripple’s XRP is one of the top digital assets so far in the market today. It’s not just another virtual currency, company’s blockchain helps banks to connect to another payment providers via RippleNet to provide a frictionless experience when sending and receiving money.

That said, its token, XRP, seems to be staying strong in the crypto space despite everyone else having a nosedive. At the time of writing, XRP is trading at $0.495 and is in the red by 3% (Bitcoin is down by more than 9%, and Ethereum is in red by more than 12% in the last 24 hours).

In the past one week (from Nov 10 to Nov 17), the cryptocurrency made 0.77% profit. Its 24-hour high is $0.50 but has a low of $0.47. The digital asset now occupies the second position with $19.5 billion market cap, thus, surpassing Ethereum by $4 Billion.

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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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Altcoins

Reasons To Invest In Electroneum In 2019

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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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TRON (TRX) Back In The Crypto Top 10

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For three weeks now, the crypto market was in a free fall. There was one moment when it seemed like the coins are finally bouncing back, and Bitcoin managed to climb back to $4,200. However, this uptrend was only temporary, and the coins dropped once again as December started.

Not a lot of coins are doing well these days, and almost every single one is trading in the red. Bitcoin is currently priced at $3,864, and the total market cap of the crypto space is barely over $123 billion. As expected by many, the bearish trend is still active, and seemingly at full strength. However, there are a few coins in the vast crypto space that are actually managing to grow in these unfriendly conditions, with the most notable one being TRON.

TRON on the rise

At the time of writing, TRON is also trading in the red. Although, only hours ago, this was not the case. Even now, TRX is losing only around 0.50% of its value, while all other coins around it are dropping by 4-5% on average.

TRON’s increase, while it lasted, was not big. However, considering the current state of the market, it was easily enough for the coin to make a big step, and actually improve its position on the list of largest cryptos. After months of waiting at the 11th spot,…

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