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Tencent $2 billion investment in Ripple (XRP): Real or Speculation?
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Tencent $2 billion investment in Ripple (XRP): Real or Speculation?

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Tencent
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Until you see yourself; don’t jump into believing everything you hear or read. Agree? You better. Now, the news that hit the internet about the Chinese technology giant, Tencent, investing in Ripple seems to be all but speculation.

Sources from Tencent reveal that at least as of now, there isn’t any kind of plan about investing in Ripple. According to an official response from Tencent, the news spreading all over is not true.

So where did the news come from?

Most of the time people believe that the source of the news may determine whether the content has got some truth in it or not. For our case here, it broke from a tweet by journalist Lulu Yilun Chen who tweeted that Tencent has denied any kind of interest in investing in Ripple.

You may want verification for this news as much as we do but on that note, GlobalTimes went ahead to confirm the news from the Tencent team after which they too couldn’t verify this news.

But where did the story first begin?

The story of Tencent investing on Ripple came in a few days ago when grapevine broke it. Multiple sources as well had the same speculation that Tencent was to invest up to $2 billion in Ripple (XRP). These meant that Tencent would buy huge stakes in Ripple just like it already bought stakes in companies like Snapchat, Spotify, and Tesla.

At that time, there were a lot of mixed reactions from various individuals on the possible partnership of Ripple and Tencent. Some of them thought it was just a speculation (just like it now seems to be), a Reddit user said until Ripple confirmed the speculation itself about the partnership, it was just fake news.

All the same, the argument behind the partnership ideally would have been to entirely go past the mobile payments competition simply by integrating Tencent messaging app WeChat into the Ripple technology. Many others would see more advantages that would be as a result of the partnership and are therefore looking forward to it happening.

Whether anything is true or not, the fact still remains that the rumors are yet to continue. However, for sure, something is behind the curtain and as soon as it is brought out by either Tencent or even Ripple, be sure we will get you updated.

Just stay tuned we got you covered as the speculation just goes on.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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 Chris Yunker via Flickr

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The Crypto Space Once Again Divided Over Bitcoin SV

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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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