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Ripple (XRP) to donate 50 million dollars to 17 top universities for encouraging blockchain adoption

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The blockchain technologies represent something similar to the disruptiveness experienced with the internet back in the 90s. This cutting-edge technology that we mostly know as the host behind cryptocurrencies has an immense broadness of possibilities that most people are just barely starting to understand at the moment.

Of course, in the measure that we get to use more the blockchain, the more we will know all of the capabilities behind it, and that’s for sure something that companies like Ripple (XRP) have more than clear.

In this sense, it was known this Monday that Ripple, still a start-up but highly regarded crypto in the industry, just decided to make a courageous bet on the blockchain adoption. Like this, the company resolved to invest the remarkable amount of 50 million dollars in several renowned universities (17 total) among we can find the University of North Carolina, the University of Pennsylvania, and a research institute at MIT (Massachusetts Institute of Technology).

Furthermore, the investment will have an objective to promote and boost the adoption of the blockchain technologies. Of course, as a cryptocurrency user, this is a fact that cannot be ignored, and I can say I’m more than thrilled to get to know about it. Let’s see how it goes!

University Blockchain Research Initiative

Under the name of “University Blockchain Research Initiative,Ripple has created a program that seeks to boost the adoption of the blockchain technologies. At least $50 million will be donated to the program, and the company has already clarified that the donation will be in actual dollars and not crypto.

According to declarations made by the Senior Vice President of the company,  Eric van Miltenburg, the initiative surged from an astonishing increase in the demand of jobs related to the blockchain. Miltenburg stated that this year alone at least 4,500 jobs were published with the words “blockchain” or “cryptocurrencies” on the social network LinkedIn.

Besides noting this represents an increase of 150 percent compared to the offers in the site that involved such terms last year, he continued and said that this is a natural thing to happen as every time we live in a more globalized environment where the demand of technological solutions every day increases, a fact of which the blockchain would not be the exception.

Let’s recall that the blockchain is the technology that serves as the conductor for what we know as virtual coins or cryptocurrencies. In fact, Ripple is a company related to the sector specifically through products that seek to improve real-time operations for financial entities.

The company possesses its very own cryptocurrency dubbed XRP, a coin that currently is ranked as the number 3 of the market by the market capitalization tracker site Coinmarketcap. Although the primary purpose of the program is not to enhance the usage or performance of the digital coin of Ripple, the company specified that some universities involved in the study would use the products of Ripple and most likely the XRP token.

Conclusion

This initiative represents without a doubt a very positive thing for the cryptocurrency industry. Even when the purpose is not to promote the usage of cryptocurrencies, it still is an excellent approach as it will give the opportunity to interact with the technology behind such financial forms.

This can definitely be the start of a very good time for Ripple (XRP), which despite being the number 3 of the market as of the moment has had one of the worst performances of the sector on 2018.

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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 Pxhere.com

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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