Archive | February 7, 2018

Ripple Enters Chinese Online Shopping Market

E-commerce is a mammoth industry in China worth an estimated $700 billion in 2017. For Chinese online marketplaces to sell overseas they will need quick, cheap, and convenient payment processing which current banking systems do not provide. Ripple is coming to the rescue with its xCurrent system and an expanding number of new partners in […]

Experts Expect Bullrun Cryptocurrency Market to Hit $1 Trillion This Year

Some experts expect to see bitcoin hit $50,000 and the cryptocurrency market to hit and surpass a trillion dollars according to a report on CNBC. New products will boost trading The recent downturn in the market saw bitcoin lose about half of its value and the overall market decrease by over $500 billion at it’s lowest […]

Ripple Price Technical Analysis – XRP/USD Consolidating Gains

Key Highlights Ripple price moved above the $0.7000 resistance and is currently consolidating gains against the US dollar. There is a short-term connecting bearish trend line forming with resistance at $0.7065 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair may soon break the $0.7065 resistance and the 100 hourly […]

Bitcoin Cash Markets Recover — While Infrastructure Support Increases

This past week bitcoin cash (BCH) markets have been suffering from the bearish sentiment plaguing cryptocurrencies across the board. On February 6 the price of BCH reached a low of $740 per coin but has since bounced back to the $950-1,050 region on Bitstamp Tuesday evening. Also Read: Australian Freeze: Big Aussie Banks Denying Bitcoiners Bitcoin […]

Ethereum Price Technical Analysis – ETH/USD Could Gain Momentum

Key Highlights ETH price made a nice upside move and traded above the $780 resistance against the US Dollar. There was a break above a major bearish trend line with resistance at $775 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is now placed nicely above the $780 level and the […]

Facebook Closes Door on Digital Token Advertising while Decentralization Thrives

On January 31, 2018, the Facebook advertising platform announced that it would no longer be allowing advertisements related to cryptocurrency or digital token ICOs through a blog post. The Facebook advertising platform covers its own native social media website in addition to its other subsidiary services, including Instagram, Messenger and the Facebook Audience Network. As […]

Binance Cryptocurrency Exchange Expected to Remain Offline for 12 Hours

Binance, one of the world’s largest cryptocurrency exchanges which is said to be the fastest growing startup in history, has been offline for several hours. The Binance development team along with its CEO Changpeng Zhao–who was recently included in the Forbes list of cryptocurrency’s richest people–announced that a server issue led the trading platform to […]

The DLT Wave: From Hype to Progress

The past year has seen post-trade competitors join forces to collaborate on distributed ledger use cases and brought more rational expectations over the technology’s current capacity to achieve the scale and processing power needed for large-scale solu…