Cryptocoins

Ripple & Trump Making New Ground

The new Chief Market Strategist at Ripple, Cory Johnson has been working at the company for just under a year now, however, in a recent interview with BreakerMag the crypto-San Francisco based company is in regular discussions with Trump’s administration. When Johnson was asked about the current crypto space and the administration’s research on Ripple’s products: he said: “There’s clearly a lot of homework going on. The White House, in particular, seems to be thinking about what it means to have 80 percent of bitcoin mining taking place in China and a majority of Ether mining taking place in China. When you look at XRP, there is no mining, so from a foreign-control aspect or from an environmental aspect, XRP is a very different beast. And in conversations we’ve had with the administration,...

Surprise Bull Run Pulls XRP Up Over 10%

After the market surged over the weekend, HODLers of XRP were slightly shocked as they were carrying the third biggest digital currency with them. When the surge peaked, the coin was reflecting a growth of over 10%, on par with the biggest gainer in the market, Ethereum. The coin is still up by over 10% in the past hour, at the time of writing, even when it began to track back to a more stable level. XRP is currently trading at $0.44 and is in the green with a 6% increase over the past day. Most cryptocurrencies are in the green today, showing a good sign for the week ahead. However, the recent hike saw it reach the level of $0.46, which is still a low from its weekly high of $0.52. Furthermore, this is coming off the back of a visit by the bears which made to price drop to $0.38, along wi...

Gemini Litecoin Trading Goes To Go Live

Gemini recently announced that Litecoin is to be the latest cryptocurrency to be supported on the platform. The news broke out last week, that the digital currency will now be offering Litecoin on its exchange. On the 19th of October, the trading of the Bitcoin hard fork will begin. You see the tweet where the announcement was made here: We are pleased to announce that @litecoin (LTC) is now available on Gemini! Starting tomorrow, we will begin accepting Litecoin deposits, and trading will open across all currency pairs on Tuesday. For more information, please visit our blog on @Medium https://t.co/it5xuF9Hr5 — Gemini (@GeminiTrust) 12 October 2018 Moreover, in a further post by Eric Winder of the VP of engineering at Gemini, users can now begin to deposit Litecoin into the Gemini accounts...

Bahrain Are Setting Up For A Crypto Adoption Overhaul

The Kingdom of Bahrain is an island nation of the Middle East. Home to around 1.23 million people and a very forward thinking population. Interestingly, Bahrain has a very powerful political position as a result of its location, therefore, cryptocurrency adoption in Bahrain could turn out to have a very significant impact. According to nationsonline.org: “Bahrain’s small size and central location among Persian Gulf countries require it to play a delicate balancing act in foreign affairs among its larger neighbors. Facing declining oil reserves, Bahrain has turned to petroleum processing and refining and has transformed itself into an international banking center.” According to new reports, Bahrain is in the midst of entering a very pro cryptocurrency and blockchain era, one that is v...

Litecoin (LTC) Continues To See Rising Institutional Interest

Chart for LTC/USD (1W) Gemini just announced Litecoin (LTC) support. A new exchange backed by TD Ameritrade has already made clear its intention to list Litecoin (LTC). Coinbase already has it and so does Circle. During a recent survey conducted by Fundstrat, a vast majority of institutions showed enormous interest in Litecoin (LTC). A lot of people believe that Bitcoin (BTC) is already working fast to resolve its issues of transaction cost and speed. These are the two main reasons why Litecoin (LTC) gained popularity in the presence of Bitcoin (BTC). If Bitcoin (BTC) transactions were fast and cheap, there would be no Litecoin (LTC). It is true that Bitcoin (BTC) is rapidly moving towards such solutions. Recently, Blockstream announced Liquid, a Bitcoin (BTC) solution that would help exch...

Ripple (XRP) Remains Undeterred By Bitcoin (BTC) Uncertainty

Ripple (XRP) seems to be undeterred by Bitcoin (BTC)’s uncertain moves. It did fall yesterday like the rest of the market. However, it was very keen on reversing those losses today. The above chart for XRP/USD on the daily time frame shows Ripple (XRP) in a clear ascending channel. RSI for the above chart is also in a clear ascending channel. It appears that Ripple (XRP) has just begun its next wave up. It is likely to reach a price of $1 or higher during this wave. A few months back, a lot of investors had doubts whether cryptocurrencies like Ripple (XRP) might make similar gains again. However, the past few weeks have made it clear that risk taking is still on the rise in this market. If anything, braving the storm is going to make Ripple (XRP) investors more confident that the best is y...

TRON New Payment System To Bring TRX To Mainstream

The use of digital currency in payments for goods and services has hit various hurdles as was seen with LitePay closing as did FuzeX recently delaying the launch of their highly anticipated debit cards. Nevertheless, the team was forced to postpone the launch after seeing hardship with being issued a Bank Identifications number (BIN) by the appropriate authorities. LitePay saw some similar setbacks as the team couldn’t get a card service provider to join up with. The CEO of LitePay, Kenneth Asare told the Litecoin Foundation earlier in the year that he had stopped all operations and was going to be selling the company. However, now a new payment method has come to light called the Poppy system by TRON. according to BCFocus “Poppy is a new point-of-sale [POS] system developed on the TRON bl...

XLM Stands Up With Real World Application

Coming in at number 6 as one of the biggest cryptocurrencies in the world is Stellar. Adoption is increasing and the crypto is currently in the green after yesterday’s market crash. A US-based qualified custodian, Prime Trust recently announced that they will support Stellar while it is being actively used as the network of choice to build platforms on due to quick speeds and being trustworthy. Stellar is the 6th biggest digital currency in the world and so it’s expected that it makes a few headlines here and there. There have been a lot of recent developments taking place in the industry which are leveraging Stellar. Prime Trust is now coming in which offers services in bringing in more support for Stellar touting. “The qualified custodian is the first and only company to securely c...

Ethereum Classic (ETC) Can Easily End The Year Above $100

Ethereum Classic (ETC) is highly likely to trade north of $100 by end of the year. This does not require a very bullish Bitcoin (BTC). In fact, if Bitcoin (BTC) trades around $10,000, that would do the job for Ethereum Classic (ETC). Considering that we still have approximately eighty days till the end of the year, Bitcoin (BTC) might easily reach that level. These are very conservative targets for both Ethereum Classic (ETC) and Bitcoin (BTC). If we see an influx of new capital in the cryptocurrency markets as expected, the situation could be a lot different. If Bitcoin (BTC) reaches a price of $25,000 by end of the year as predicted by Tom Lee of Fundstrat, Ethereum Classic (ETC) could reach a price of $500. It is pertinent to note here that Ethereum Classic (ETC)’s rise in the latter ha...

How Monero Are Improving Human Rights With XMR

 Listen Here – https://soundcloud.com/cryptodaily/how-monero-are-improving-human-rights-with-xmr Monero is considered to be the privacy coin, the currency of choice for absolute privacy. Now, privacy doesn’t necessarily mean security and we should remember that 2018 has seen a tonne of ‘Monero mining’ hacks, calling into question some of the projects integrity. Even so though, Monero promises to keep its users privacy completely intact. Simply put, XMR aims to keep it’s users hidden. According to the Monero website, this occurs via 5 different processes, by being untraceable, unlinkable, secure, private and analysis resistant. Untraceable “Unlike most of the digital coins, Monero uses a special technology called ‘ring signatures’ which shuffles users’ public keys in order to eliminat...

Ledger Explain Why Hardware Wallets Are Essential

The French company Ledger design very popular Nano S cryptocurrency hardware wallets. Now, the CEO of the company,  Eric Larcheveque has explained why every trader in the crypto space should be using hardware wallet no matter the size of their investment, big or small. The company was founded four years ago in 2014 and describes itself “a fast-paced, growing company developing security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology.” they also say that they have “a distinctive operating system (OS) called BOLOS, which we integrate either to a secure chip for the Ledger wallet line, or to a Hardware Security Module (HSM) for various enterprise solutions....

XRP’s Return Seems To Be Slowing Down

Yesterday, October 11th 2018, you may have heard of a little bit of a crash that occurred in the markets, seeing Bitcoin significantly dropping below the $6,500 mark. The third biggest digital currency saw a big change too as it moved from $0.4622 to $0.3781 in only one day. Today, the trading showcasing buyers stepping in to get their hands on the cheaper token after the sell-off. After the resulting general market sentiments being in the red, sellers have had their say and XRP and the US dollar met a hurdle to overcome the $0.4400 mark the markets are certainly disrupted. However, with the huge change that occurred yesterday in the markets, expecting a recovery soon could be a pipe dream. The Interledger project has set an objective for itself which allows users to receive money from any...