Payments company Ripple says it plans to invest in startups and technology companies to develop more uses for XRP, its cryptocurrency that is currently the third largest digital token behind bitcoin and Ethereum based on total market cap. The value of XRP shot up in December and January following a crypto market rally that saw bitcoin reach nearly $20,000 per coin. The collective value of… Read More
Category: Ripple
Coinbase addresses Ripple rumors, says it has made no decision on adding new coins
Coinbase just threw a bit of cold water on Ripple enthusiasts eager to see their coin hit the popular mainstream exchange. Rumors that Ripple’s XRP would be next in line after Bitcoin Cash reached a fever pitch this week among coin hype types, with some reading between the lines of a Tuesday segment of CNBC’s Fast Money that’s set to feature Ripple CEO Brad Garlinghouse… Read More
Blockchain engineers are in demand
Demand is off the charts for blockchain talent, and the capital is waiting to back it up. Over $3.7 billion has been raised through ICOs in the United States alone. Blockchain-related jobs are the second-fastest growing in today’s labor market; there are now 14 jobs openings for every single blockchain developer. And as Nick Szabo, the developer who coined “smart contracts”… Read More
Why is Bitcoin’s price down to two-month lows?
Crypto investors are seeing red this week. Bitcoin plunged to two-month lows on Thursday, dipping below $9,000 for the first time since November. This week has seen coins across the board in the red — a sign that investors are jumping ship to fiat currencies this time instead of swapping into altcoins as we’ve seen in the recent past. Read More
If you’re frustrated with Bitcoin, it’s time to learn how to invest in some other cryptocurrencies
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If you were an early investor in Bitcoin, you may remember that the now volatile cryptocurrency was once comparable to the honeymoon phase of a fun, new relationship. You watched your earnings increase on the daily, read constant pro-Bitcoin headlines, and felt smart for investing. However, it now feels like you’re in one of those unpredictable roller coaster relationships, where breaking up occurs every other week. Read more…
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View More If you’re frustrated with Bitcoin, it’s time to learn how to invest in some other cryptocurrenciesOminous Wall Street predictions hammer bitcoin as price decline continues
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Bitcoin’s price is in the gutter — well, if you compare with that $19,940 peak about a month ago. At its current price of $10,437, it’s still up roughly 1,100 percent in the past 12 months.
The recent drop could be a result of a recurring trend that’s in fashion again: Wall Street experts and analysts having a contest in predicting how low Bitcoin could go.
Peter Boockvar, chief investment officer at Bleakley Advisory Group, predicted Bitcoin could drop to as low as $1,000 per coin this year, CNBC reported Sunday. According to Boockvar, bitcoin is a “classic bubble,” one that might burst as soon as central banks worldwide start increasing interest rates. Read more…
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View More Ominous Wall Street predictions hammer bitcoin as price decline continuesSchadenCoin: Why you love to celebrate cryptocurrency crashes
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Remember, remember, the third week of January 2018, during which Bitcoin just fell on its face, worth half of what it was a month ago, down in value over $10,000 per coin. On Tuesday night, the top post on Reddit’s r/Cryptocurrency page was a link to a suicide help hotline.
No doubt: Anyone who got in on Cryptocurrency a month ago, compelled by the sudden surge of get-rich-quick wealth that emerged from this newfangled digital currency? They’ve just lost a lot of money.
And some people…are absolutely loving it.
Wow that #bitcoin sure is a fantastic “store of value”, folkspic.twitter.com/hFrjJEmFfz
— Jackson Palmer (@ummjackson) January 17, 2018 Read more…
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View More SchadenCoin: Why you love to celebrate cryptocurrency crashesRipple turns investor as execs lead $25M round for storage and rental startup Omni
Earlier this month, I wrote that crypto companies are going to become investors in 2018. I didn’t quite imagine that happening as quickly as mid-January, but here we are. Ripple, the fintech startup behind the controversial XRP token, has its first investment after it backed U.S.-based storage startup Omni through a $25 million round. Omni was founded in 2015 as a storage option for… Read More
Ripple announces XRP trial with cross-border remittance firm MoneyGram
Well, well, well. Ripple, the company behind the controversial XRP cryptocurrency which has been criticized for obfuscating the nature of its partnerships with financial organizations, has announced a tie-up with global payment network MoneyGram. MoneyGram, which saw a $1.2 billion acquisition from Alibaba’s Ant Financial affiliate collapse over concerns from the U.S. government, said it… Read More
Ripple, a Tinder spinoff backed by Match, launches app for professional networking
A team of former Tinder employees, led by Tinder’s original CTO Ryan Ogle, are today launching a new app aimed at professional networking. The app, called Ripple, aims to be a sort of mobile-first alternative to LinkedIn that addresses some of the problems common to the aging, now Microsoft-owned business networking platform.
LinkedIn today has a heavy focus on job searching and head… Read More
After a monster run, Ethereum is the number two cryptocurrency again
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Ethereum is the second-largest cryptocurrency again.
The decentralized app platform was holding the number two spot, behind Bitcoin, since last spring, until it was briefly dethroned by banking-oriented Ripple in January.
But Ripple’s price is currently in free-fall — down 19.2% in the last 24 hours — while Ethereum is up 6.9% according to CoinMarketCap.
The current price of Ethereum is $1,197.5 with a market cap of $116 billion. The price actually pulled back a little; earlier on Monday it briefly went to $1,261, a new record for the cryptocurrency. Read more…
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View More After a monster run, Ethereum is the number two cryptocurrency againRipple and Ethereum keep breaking records while Bitcoin takes a back seat
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It’s another green day in the world of cryptocurrencies, with all of the ten largest coins rising significantly in value in the last 24 hours. However, this time it’s not Bitcoin that’s leading the charge.
Yes, Bitcoin’s price rose to $14,043 — a 4.99% increase in the last 24 hours — bringing the most popular cryptocurrency’s market cap to $235.6 billion. But it’s still a long way from Bitcoin’s all time high of $19,962 in December. Read more…
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View More Ripple and Ethereum keep breaking records while Bitcoin takes a back seat