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Ripple (XRP) CEO asseverates China controls at least a 50% of Bitcoin

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Ripple CEO China Bitcoin
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In lights of the current panorama for the cryptocurrency world, it all seems like a few crypto-related figures have started to take advantage of the situation by criticizing some of the most outstanding tokens of the market, for instance, Bitcoin.

That is precisely the case of the Chief Executive Officer of Ripple, Brad Garlinghouse, who recently have been giving statements that put Bitcoin on a non-privileged situation. The comments have been received with a little of concern, since as it’s known, Garlinghouse is a Bitcoin investor himself, a fact because of which most of the cryptosphere is a little bit confused.

The businessman recently gave a strong declaration for The Street, a market, and business news portal, and according to the publication of site, Garlinghouse asseverated that China partially controls Bitcoin. Let’s recall that not so long ago the businessman also declared that bitcoin was not the panacea everyone was expecting, another strong opinion that left the whole community feeling shocked.

Stifel Cross Sector Insight event

This week a conference dubbed “Stifel Cross Sector Insights” got deployed in Boston, it was during this event when Garlinghouse shared with The Street the information he had regarding the leader of the sector, Bitcoin. There, he commented on the importance of paying attention to the fact that Bitcoin (BTC) is controlled in at least a 50% by China, the fact that he highlighted saying that with that much of a power the country could simply control the coin as they wish. Brad Garlinghouse, says,

“How do we know that China won’t intervene?”

Furthermore, he mentioned one more time that Bitcoin was not the panacea everyone was expecting, a comment that he previously made when he forecasted that Bitcoin would not become a global solution. However, he also mentioned that he thinks not even the blockchain will be enough to disrupt the banking sector, though he considers it will play a crucial role in this.

This comment turns to be a little convenient considering the fact that the company that Garlinghouse leads, more than a crypto organization is considered an enterprise that continually works on the development of different packs of solutions for the financial industry to make cross-border payments more efficiently.

In this matter, Ripple Labs has created different solutions for the industry so far, including, xCurrent, xVia, and xRapid being the last the one that carries the token of the company, XRP.

Ripple has managed to deploy the most astonishing partnering activities with many renowned institutions among we can find American Express, Santander, MoneyGram, Western Union, and a whole bunch of other bank institutions from all across the globe.

At the moment of writing, Ripple (XRP) trades at a value of $0.55100, and the coin has decreased by 1.59% in the last 24 hours. As the market continues its dip and the main cryptos try to find a way out, we still need to wait to see whether or not Garlinghouse strategy pays off.

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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 Christopher Michel via Flickr

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore
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Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic
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CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited…

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Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page

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Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.

Performance

The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone,…

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