The next three days, beginning today, the 14th of May, will be a beehive of activities in New York during the Consensus 2018 Summit that has been organized by Coindesk. The event has been the subject of anticipation in the crypto-verse due to the increase in attendees in the form of regular folks like you and I and the speakers from different industries such as finance, banking, healthcare, computer hardware manufactures, just to name a few.
This year’s event has over 250 speakers and is expected to draw over 4,000 attendees. As it so happens, the Ripple (XRP) team is part of the event.
The Ripple team is currently located on the 2nd Floor in the Beekman Pavilion of the Hilton Midtown in New York. The team has encouraged everyone in attendance to visit them.
Dr. David Schwartz (second from the right) was earlier today involved in a discussion pertaining to the interoperability between all the public and private blockchains. The case for a means for all or some of these blockchains, to communicate and allow for the transfer of assets, have escrow schemes and other information flow, is gathering steam as it will allow for a seamless and frictionless avenue for inter-blockchain operations and innovations.
As the ongoing Consensus summit continues, the Ripple team have also announced a new initiative known as Xpring. This initiative will be one by Ripple to invest, incubate, acquire and provide grants to companies and projects run by entrepreneurs willing to use XRP and the XRP Ledger to solve real-life problems. This is much-needed support for all the budding entrepreneurs wishing to make an entry into blockchain technology and specifically planning on using XRP and Ripple software products to do so.
The Ripple team is bringing in Ethan Beard as a Senior Vice President to lead Xpring and Ripple’s developer program. Mr. Beard served as Director of the Facebook Developer Network from 2009 – 2012 and oversaw the worldwide developer relations, operations and product marketing for the Facebook API. He is the perfect fit when we remember that xVia is also API based.
Mr. Beard is quoted as saying that he loves the startup environment and loves helping them leverage new technologies and developments to grow.
Xpring has already offered support to four entrepreneurs as follows:
- Scooter Braun, entertainment talent manager, entrepreneur and founder of SB Projects, who is pursuing several endeavors that will use XRP to improve artists’ ability to monetize and manage their content.
- Stefan Thomas, inventor of the Interledger Protocol (ILP), creator of BitcoinJS, co-founder of TxtBear, who just launched a new venture Coil to use XRP and the Interledger Protocol (ILP) for various micropayments applications, such as facilitating “bite-sized” purchases of media. You can learn more about Coil here.
- Thomas McLeod, serial entrepreneur, co-founder and CEO of Omni, who will soon integrate XRP as a currency into Omni’s marketplace.
- Bart and Brad Stephens, co-founders of Blockchain Capital, who have the first fund to accept capital calls in digital assets with a focus on driving innovation in the blockchain sector.
All the above is great news considering that the Consensus Summit will provide a good avenue for Ripple to showcase its technology and payment solution software such as xRapid, xVia and xCurrent. it will be a platform to market what the project has to offer.
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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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Reasons Why 2019 May Be A Great Year For Crypto
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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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.
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.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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