Today's Hot Topics

Craig Wright Served as Satoshi Debate Continues

nChain chief scientist and the supposed Satoshi Nakamoto, Craig Wright has been under fire over the past few weeks but yesterday (8th May), he was served a legal notice issued by the United States District Court of the Southern District of Florida. The order demands Wright to reveal his Bitcoin addresses as of the 31st December 2013, as evidence of Bitcoin ownership. The court document states: “In essence, he does not argue undue burden, he argues impossibility. The argument that Dr. Wright is incapable of providing an accurate listing of his current or historical bitcoin holdings was never presented in...

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Will Ripple (XRP) Rise Above $3 Ever Again?

Ripple (XRP) is on the verge of a big move but just a quick look at the weekly chart for XRP/USD shows exactly which way that move is likely to be. There is a bearish divergence on the weekly time frame and the price has yet to break a critical long term trend line resistance. That has not happened so far and now the price is at risk of breaking below the descending triangle like it has in the past. Every time Ripple (XRP) or other cryptocurrencies have broken below descending triangles, we have seen significant downside in the weeks...

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Ripple Launch New 4.0 Update: 200 Banks to Integrate xRapid

David Schwartz, the Chief Technology Officer at Ripple Labs, has said that the latest version of its cross-border payment solution xCurrent is now live, giving its 200-plus customers a way to implement the XRP-powered xRapid with just the flip of a switch. Schwartz took to Twitter to say that the upgrade was officially launched: “4.0 is live. We’re working to get all customers upgraded, but it’s a complex process. Multihop, xRapid support, much easier peering, and a much easier customer integration process are the major new features.” This upgrade promises “Increased Product Interoperability” and offers banks and financial organisations that...

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Ripple (XRP) Seeks Direction As Price Remains Below 50 Day Moving Average

Ripple (XRP) has shown extreme weakness these past few months as the price has had a very hard time staying above the 50 day moving average. The daily chart for XRP/USD shows that the price of Ripple (XRP) fell below the large symmetrical triangle. However, it ended up climbing back above the trend line support turned resistance and is now once again eyeing a break out to the upside. RSI on the daily time frame shows that XRP/USD might be able to test the top of the symmetrical triangle but the stochastic indicator shows that it might not be easy...

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The Future Of Ripple XRP

Whilst the future of Bitcoin is pretty certain at this point (regulation, institutional investment and some level of adoption), more industry specific cryptocurrencies such as Ripple XRP do have a slightly less clear path ahead of them. XRP has been designed as a cryptocurrency that is kept afloat by a range of technologies designed by Ripple. These technologies are attractive to institutions. Yes, they can help the retail investor and even retail banking customers, but generally speaking, Ripple’s technologies are far more interested in ensuring that their future exists within the banking and industrial sector. We believe that XRP will...

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