Archive | ripple

Daily Recap: Crypto Market Surges as Tokens Including VeChain Spike 50%

The cryptocurrency market has shown a marked recovery from its bearish mood which saw Bitcoin drop below $6,000 to a near 2018 low. While Bitcoin stands at $6,500 today – an increase of over 2% in 24 hours, crypto analysts say that only an upward movement above key resistance at $6,675 would indicate a bullish… […]

XRP Recovers as Ripple Expands Crypto Exchange Partners

Ripple’s cryptocurrency, XRP, has had the year from hell. From its January all-time high it has taken one of the heaviest beatings of all the altcoins and plunged 93% to its lowest level of the year on Tuesday. However, parent company Ripple has probably made more partnerships than any other crypto organization so can things… […]

China Aerospace Industry Turns to Blockchain for Invoicing Issues

The Chinese State Aerospace Industry is looking to utilizing blockchain technology to update some of its electronic invoicing. According to a government announcement posted by State Administration of Science, Technology and Industry for National Defence, China Aerospace Science and Industry Corporation Ltd will be fulfilling state plans for using blockchain for invoicing for tax purposes. […]

Bitcoin Illegal: Saudi Arabia Monetary Authority

Kingdom of Saudi Arabia (المملكة العربية السعودية) regulators issued a statement this week through its monetary authority. Cryptocurrencies such as bitcoin are illegal in the country. Citing “negative consequences” and “high risk,” the government believes it must protect subjects from themselves.   Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots Saudi Arabian Monetary Authority […]

ChainXchange Day 2: Thomas Lee, Paul Krugman Discuss Bitcoin Longevity

The second day of Las Vegas Blockchain Week and the ChainXchange blockchain convention has concluded. Today’s activities included discussions and lectures carried out by prominent cryptocurrency supporters and skeptics, including representatives from Ripple and NEM, as  well as Nobel Prize winning economist and perpetual crypto bear Paul Krugman. In the afternoon, research analyst heavyweight Thomas […]

Ripple (XRP) Price Watch: Bearish Pullback in the Making

Ripple Price Key Highlights Ripple price recently fell through short-term consolidation to test the bottom of its channel. Support appears to be holding, so price could be due for a pullback to the descending channel resistance from here. The Fib retracement tool shows the potential correction levels where more bears might be waiting. Ripple price… […]

Ethereum Plunged 15% Today to $305, What Will Happen to Alts and Tokens?

The price of Ether, the native cryptocurrency of Ethereum, has fallen by 15 percent in the last 24 hours to $305, as other major cryptocurrencies like EOS fell 13 percent. Tokens have followed the price movement of Ethereum, EOS, Ripple, and other major cryptocurrencies, recording 10 to 20 percent losses against the US dollar. But,… […]

Has Yale Found the Two Most Significant Bitcoin Price Indicators?

Connecticut-based Yale University has produced another insightful Bitcoin theory, this time claiming to have found the most significant predictors for the value of Bitcoin. The momentum effect The momentum effect describes the usual course of the price that tends to move in the same general direction that it has been. For example, if Bitcoin has […]