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Ripple (XRP) emerges as the base currency

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Ripple XRP

A majority of digital coins and altcoins ended the month of July in overarching declines including Ripple (XRP). The XRP USD pair managed to cancel most of the gains accrued since early days of July.

As we usher in a new month, Ripple is still showing signs of free falling below the 0.45 US dollar mark after declining the support emphasized by the 23.6 percent Fib level with the last swing appreciate from lows of $0.424 and depreciate from highs of $0.5204 to settle at $0.4469 (it just jumped above 0.45 today after increasing in value by 4.5% in last 24 hours).

Moreover, Ripple (XRP) is exchanging within the limits of a falling wedge pattern signaling a price surge and breakout in the offing shortly.

Bitrue Exchange Lists Ripple XRP as a Base Currency

The crypto space continues to attract more investors and players in its jurisdiction with this week marking the official launch of Bitrue. Although unknown to many, Bitrue is a virtual currency exchange that has long-ambitions of becoming the most spontaneous and secure option for crypto-investors globally.

One attribute makes the Taiwanese exchange predominantly stand out from the pack. Bitrue announced their intention to list XRP, Ripple’s virtual currency, as a base coinage on its network. This move marks a huge adoption step for Ripple in the crypto market.

Bitrue intends to offer transparency to the Initial Coin Offering (ICO) market by availing a qualified selection of ICOs. Remarkably, Bitrue is also showing interests in partnering with Wanchain, an infrastructure platform that can connect with various digital assets.

According to the CEO of Bitrue, Curis Wang, the exchange can screen interested candidates listing only legal and promising digital coins and altcoins on their platform. By doing so, Bitrue will be able to create and develop a healthy environment for trading and for everyone interested in engaging the exchange.

DCEX Announces Ripple XRP as a Base Currency on its Platform

Meanwhile, DCEX was the very first virtual currency exchange that used Ripple (XRP) as its base currency. It recently opened registrations to start for its network. DCEX intends to begin trading in the coming weeks if not days, according to a press release that was issued on Monday.

DCEX plans to offer 15 digital tokens for trading with XRP as the base pair. The digital tokens include Litecoin (LTC), Bitcoin (BTC), Tron (TRX), Bitcoin Cash (BCH), and Ethereum (EOS) among other digital currencies.

According to an official release by DCEX webpage, the exchange intends to add more exchanging pairs in the coming week with USD/XRP trading might be supported for institutional or corporate clients.

xRapid Adoption in the Market

In recent time, xRapid has seen a somewhat positive response in regards to adoption. The way xRapid can complete international settlements within a short period is by using XRP as the bridge currency. For instance, in a KRW to USD transaction, KRW is converted to XRP using a Korean exchange via banking systems, transferred on the Ripple (XRP) ledger to an American exchange wallet then converted into USD in conclusion.

There are market speculations doing rounds suggesting SBI holding might use xRapid in conducting cross-border transactions. There is evidence that indicates that this merger is true and might be in completion stages.

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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 Maxpixel.net

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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