$500 Million Spend On XRP Use Case Development

Ripple (XRP) under pressure $500 million has been spent in over 20 companies by Ripple’s Xpring. Xpring has spent over $500 million in over 20 companies. Their focus is to “build the best crypto infrastructure through contributions to open source crypto protocols such as the XRP Ledger and InterLedger projects.” Even so, XRP is under pressure and down 15.1 percent week-to-date. Ripple Price Analysis Fundamentals Adoption is the only catalyst that will turbo-charge blockchain related development. Standing to reap enormous benefits is Ripple. Armed with three innovative solutions, progress is…

Bitcoin (BTC) In A Pole Position To Soar After Trump’s Recent Remarks

Bitcoin (BTC) bulls are firm, adds 4.2 percent Slashing rates and weakening the USD is bullish for BTC Because of Trump’s pressure on the Federal Reserve, the central bank could end up cutting interest rates. According to Pompliano, such a lax monetary policy could see capital flow to Bitcoin. In turn that will lift prices toward $100,000 by 2021. Bitcoin Price Analysis Fundamentals There is a direct correlation between Bitcoin price expansion and global economic turmoil. A slip in the latter causes a sporadic rise in the other, and there…

Ethereum Prefered For dApps, ETH Prices and User Activity Correlate

Ethereum (ETH) prices unchanged Developers prefer Ethereum as the smart contracting space heats up A latest dApp research report backs Ethereum. Despite limitations, Ethereum is a top-choice for developers. Meanwhile, prices are stable. Because of June 26-27 candlestick arrangement, there is a chance of ETH prices printing lower in days ahead. Ethereum Price Analysis Fundamentals Tokenization is possible because of smart contracts. Ethereum showed the way, and now the space is congested. With various platforms promising ultra-high throughput sometimes in the tune of millions, Ethereum’s position could be under threat…

Latin America’s Biggest Investment Bank to Sell $1 Billion in STOs Using Tezos

Latin America’s biggest investment bank, BTG Pactual, plans to shift its security token offerings (STOs), a pipeline of over $1 billion in sales, onto the Tezos blockchain. The announcement appeared in a joint press release published on Tezos Foundation’s website on July 3. The new initiative is a collaboration between BTG Pactual and Dubai-based asset manager Dalma Capital, who plan to tokenize a number of traditional assets using the Tezos blockchain and smart contracts platform.  According to the announcement, Dalma Capital is planning to use the Tezos blockchain for digitizing…

Bitcoin Traps Gold’s Market Share as Sovereign Bonds Become Unattractive

Bitcoin’s revival is considered to be Facebook’s Libra doing. The social media’s giant sudden foray into the cryptocurrency industry gave bitcoin, as many believe, a perfect reason to grow its valuation. That is until one considers a simultaneous price rally that took place in the gold market. Bitcoin’s rise above the $13,000 level has only one potential link to the yellow metal’s ascent above $1,400 an ounce: a weaker US dollar sentiment. Bitcoin has Recovered by More than 275% Since Its Bounce Back from the $3,120 Level | Image Credits:…

Bitcoin Price Recovery Banishes Slump as Momentum Tests $12,000

On strictly regulated crypto exchanges such as Coinbase, the bitcoin price fell to $9,700 on July 2, recording a 30 percent drop from its yearly peak at $13,868 achieved in late June. In the past two days, within a 48-hour span, the bitcoin price has shown rapid recovery from $9,700 to $11,800, demonstrating a four percent gain on the day against the U.S. dollar. What is fueling the momentum of bitcoin? According to Holger Zschaepitz, a financial analyst at Welt, the bitcoin price has closely resembled the performance of gold…

Crypto Company Gives Individuals a Chance to Mine Bitcoin Without Sky-High Energy Bills

With demand for Bitcoin on the rise in response to soaring prices of late, attention is increasingly being turned to mining. However, the market has changed from the early days of cryptocurrency, when Bitcoin was in plentiful supply, as few knew about the opportunity and high mining rewards could be gained by individuals using a small setup at home. These days, an unhelpful combination of fierce competition, algorithmic difficulties and high maintenance costs often mean it’s economically unviable to fly solo when mining crypto. In response, a novel alternative has emerged…

Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t

Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3. In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms.  Cuba has felt a severe knock-on effect from the crisis in Venezuela, which was previously a major source of aid.  “We are studying the potential use of cryptocurrency… in our national and international commercial transactions, and we are…

Gab Seeks $10M to Decentralize and Use ‘Free Speech Money’ Bitcoin

Social media platform Gab has made a bid to seal $10 million in a Series A crowdfunding round that will enable it decentralize its infrastructure and integrate bitcoin (BTC) and Lightning Network payments.  Founded in 2016, Gab has risen to notoriety due to a perception that it serves as an “echo chamber” for “extremist,” alt- or far-right views as it welcomes users who have been banned from sites like Twitter and Facebook for their alleged violations of hate speech rules. More broadly, the site targets a user base of libertarian,…

Canadian Startup Wants to Upgrade Millions of ATMs to Sell Bitcoin

Canadian exchange Coinsquare has acquired software allowing traditional ATMs to sell cryptocurrency such as bitcoin (BTC), according to a press release on July 3. Coinsquare announced a controlling investment in Just Cash, a United States-based fintech startup that has developed a software that allows users to purchase crypto directly through traditional ATM machines without the need of additional hardware or mobile application. Following the investment of undisclosed amount, the Just Cash team will join Coinsquare in and operate under Coinsquare brand. Coinsquare CEO Cole Diamond says that the new initiative…