The cryptocurrency market is not predictable as inevitable changes develop continually. But one blockchain project that’s become the talked-about pet of the market and has been consistent in making headlines lately is Ripple. Of course, the credit goes to its team and the head – they tend to stay engaged and build trust as it should be done.
Now, Ripple has come to the lights yet again. Mars Finance, in collaboration with Chinese investors, is set to hold a Blockchain Summit on Oct 18, 2018, in New York. It is important to know that the upcoming Summit will host great Fintech companies, global leaders in the financial sector of the world from Wall Street, China, and the investment industry.
The Summit is set to hold for a day, and the discussion would primarily be on the “Next Step” to attain the tipping-point for the blockchain industry of the world and how to stabilize the world’s financial market. Other discussions could be on stable-coins and how the blockchain industry can be governed effectively.
Moving forward, the Summit might include a discussion with Ripple, Morgan Stanley, NASDAQ, Standard & Poor’s, Barclays, and Digital Galaxy. On a relevant note, the founder of Mars Finance, Fred Wang, is aiming at increasing the reach of Mars Finance to other parts of the world by creating a Mars Finance US Edition that will also be unveiled during the Summit.
On that view, Mars Finance will not only be featured in China alone but also in the United States, as this will further boost the importance of blockchain and link-up blockchain enthusiasts in the crypto-sphere.
Invited personalities from China that are going to be available for the Mars Blockchain Summit include: Dao Yuan, Chairman of Zhongguancun Blockchain Industry Alliance; Shuoji Zhou, a well-renowned personality in China’s blockchain Industry and the CEO of FBG Capital; Chuanwei Zou, Chief Economist at Bitmain; Tianyuan Wei, Partner of Sharp-Eye Capital; and Feng Han, of Elastos.
Other notable personalities that are expected to attend the event also include, the CEO of Ripple (XRP), Brad Garlinghouse, CEO of Coinbase, Brain Armstrong, Winklevoss Brothers, Katina Stefanova of Marto Capital, Danny Aranda, an executive at Ripple (XRP), and Eugenio Gomez, a Financial Professional at Harvard Law School.
Ripple is like nasa in 1969
— Мichaelfeger (@mikefeg95) October 15, 2018
Subsequently, the upcoming Mars Finance blockchain Summit is expected to be a bigger-scale event, and companies such as DFG, Sharp-Eye Capital, Consensus Lab, EUB Chain, and Crypto Capital will also co-host the event together with Mars Finance. Another attractive side-event that will be added to the Summit’s theme is an all-night cocktail party, which will attract investors to exchange pleasantries.
That aside, the Chinese cryptocurrency frontrunners (as well as others such as the head of Ripple) will get to meet great investors and FinTech institutions from WallStreet. There are no doubts that the upcoming Mars Finance Blockchain Summit will be another important event in the blockchain world.
It could set a new landmark in the blockchain industry. Will blockchain be implemented in the traditional finance system soon since things are catching a good bit of steam now? Well, only time will tell on that, and as the Mars Finance US Edition is set to be released, the event might play an essential role in that cause.
But one thing is for sure, the CEO Ripple, Brad Garlinghouse is on a mission to revolutionize how the world deals with finance currently. And, he is trying not to miss a single opportunity to boost the awareness and mass adoption of the blockchain platform he leads.
XRP’s Price Overview
After a significant dip experienced by the market last week including XRP, Ripple is recovering gradually. At the time of writing, XRP is in the green and has increased by 5.84% over the previous 24 hours. At the press time, Ripple’s digital currency token is priced at $0.465 with a market capitalization of $18,609,913,871. The crypto is the best gainer among all top digital currencies if we take last 24 hours’ price performance in the account.
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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.
[Photo source: marsfinance.net/newsdetail/20181010102117402005.html]
Secret Behind Binance Coin: Why is BNB Outperforming Other Coins
The crypto market has seen quite a lot of volatility in 2019, although not all of the price changes were bad, as they were in 2018. In fact, many coins saw significant growth. Bitcoin (BTC), for example, recently managed to breach one of its major resistance at $4,000. Many have predicted that breaching this roadblock will mark the next stage in Bitcoin’s growth, and potentially its return to higher levels.
However, while most of the market has been seeing significant gains in the past several days, one coin still outperforms them all — Binance Coin (BNB).
So far, in 2019, Binance Coin has shown a strong will of its own, often seemingly being immune to the market trends. While the coin did see a significant loss in 2018, it spent most of 2019 in recovery, even while the last remnants of the crypto winter still tortured the rest of the market.
Back in the early days of January 2019, the coin’s price was barely above $5. Now, however, only a bit over two months later, BNB price is at $15.86, and still seeing growth. The coin never suddenly spiked, but instead, its growth was steady and stable. Whenever it approached new resistance level, BNB would slowly carve its way through it, turning it into support, and continuing on.
But, what is allowing it to break free from…
Why Bitcoin Price Remains Stable Before the Expected Hike
The cryptocurrency rallied a few days back, but now, it has moved closer to 38.2% Fib level. Investors are enthusiastic that as it remains at this level for some time, and stabilize. The next move in Bitcoin price will take it to the 61.8% Fib level. This is when the hike in the price of the cryptocurrency will occur towards $4,200. However, after the surge in price, the upcoming weeks will see the Bitcoin falling swiftly to $3,000.
The truth is that if this move fails to occur, there may not be an improvement in the value of the digital currency. Also, this movement will enable the “bullish gartly pattern” we saw on the BTC/USD 4H chart to become a reality. Also, we are expecting that the Bitcoin price will decline the same way it has been recovering since early February.
Why this week’s closing price matters
Presently, Bitcoin price is still trading above what the intrinsic value is showing on larger time frames. However, we can see adequate room to accommodate short-term rallies. The price at which Bitcoin closes this week is very critical. It will be a clear indication as to how the digital currency will move in the coming weeks.
If Bitcoin closes at a price above $4,000, we are hopeful that the correction may come from early next week. On the other hand, any…
Blockchain-Focused ETF Arrives on London Stock Exchange
The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.
While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.
The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.
Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…
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