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Ripple (XRP) Gets Closer to Mass Adoption with a $50 Million Donation

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Ripple seems to be more serious than ever when it comes to mass adoption. News revolving around XRP and the Ripple Foundation is constantly hitting the headlines around the world wide web. Starting with a $4 million donation on the Ellen DeGeneres Show from Ashton Kutcher, there came another donation with Ripple standing behind it as a generous sponsor. This time, $50 million will be donated for the purpose of speeding up the adoption of blockchain technology, and the donation will be split among 17 universities.

Ripple Going Towards Mass Adoption: Donates Millions

Ripple has made yet another great move towards speeding up the adoption of blockchain-based technology, while specifically aiming at having Ripple’s technology massively adopted obviously as soon as possible.

As we have had a chance to heard more than several great news revolving around Ripple and Ripple foundation for the past several weeks, including the latest revelation of having OnePay FX launched with Ripple’s technology as the spinning wheel of the first mobile crypto payment service launched by Santander, which is one of the most prominent banks in the United Kingdom.

Several days ago, around May 23rd, Ripple was also heard of by millions of viewers on Ellen’s show broadcasted on NBC on Wednesday, when one of the Hollywood’s gems, Ashton Kutcher, has donated 4 million dollars in charity to Ellen.

The donation was made in XRP and Ellen could demonstrate the transaction speed needed for the transaction of 4 million dollars to be completed in a matter of seconds in front of the live audience and the viewers watching the show from the comfort of their living room.

The most recent donation made by Ripple is going to make 50 million dollars; however, the donation won’t be given away in XRP like the one that Ashton Kutcher donated on behalf of Ripple several days ago. Ripple will be donating this sum in fiat currency while 17 universities around the globe will get to a piece of the mentioned 50 million dollars.

Some of the universities that will receive the donation from Ripple foundation are MIT, the University of Pennsylvania and the University of North Carolina.

The donated 50 million dollars will be given through the University Blockchain Research Initiative, and the donated sum will be given in the purpose of researching blockchain technology, digital currencies, development of blockchain and digital way of making transactions.

The team behind Ripple foundation stated that a lot of problems that are present in the industry of finances can be solved with the help of this initiative. Ripple has added that, in a way, they have decided to start with this initiative and donate the money to the universities because they have noticed that the demand for jobs related to digital assets and cryptocurrencies, as well as blockchain technology has increased by over 150% during the past year.

The team also added that a number of universities among the 17 educational centers and universities that the donation will be going to, is said to be using the Ripple’s technology and XRP for their research purposes, while Ripple foundation didn’t add this as a needed requirement within the mentioned blockchain initiative.

The main goal behind this donation is to sponsor research among different universities around the globe in order to speed up the mass adoption of cryptocurrencies and blockchain technology.

Ripple seems to be rocking the crypto market as well as making it in “real life” with partnerships with banks and financial services like Santander, Western Union, MoneyGram and other valuable partners from the finance industry.

How is Ripple doing at the Current Moment?

The market is once again turning sluggish, with a great portion of currencies going down in the red while trading down against the dollar.

Although there is still a portion of assets that are going up with slight gains, XRP seems to be one of the cryptos going down in the red at the moment.

However, the most recent change in XRP price makes up for a minor drop of -1.13% against the dollar.

In addition to dropping against the dollar, XRP is seen rising in oppose to BTC at this moment, while going up by 1.40%.

Following the latest change in the market, XRP can be traded at the price of 0.65$ per one unit.

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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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What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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Blogs

3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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