Category: XRP Ripple

    Eurozone economy slows down significantly

    Richard Koo: How Excessive Corporate Debt Could Thwart Future Economic Growth (w/Ed Harrison)

    Early predictions about the growth opportunities for the eurozone economy have completely failed. Indicators show a decline, while inflation data are at their highest according to statistics over the past six years.

    GDP fell to 0.3%, which is the lowest in the last two years. Speaking about the situation in individual countries, economists note that none of them has been able to reach the previously set targets. Taking into account the reasons for this situation, experts highlight the lack of stability in the field of trade. Some even call the situation a trade war. And if domestic demand manages to keep the same positions, then its decline in export supplies has significantly hit the business sector of the eurozone..

    In addition, experts are worried about the uncharacteristic indicators of inflation growth, the excessive activity of which is not typical for the current period of stagnation. If we turn again to the calculations for the last six years, we can see a record rise in prices, which amounted to 2.1% (previously it did not exceed the 2% mark). At the same time, the American economy, on the contrary, demonstrates a significant improvement in its «health». Trump managed to speak out on this matter, immodestly calling the rise historical.

    Eurozone economy slows down significantly

    Earlier we wrote that the Bank of England will process payments on the blockchain thanks to the new payment system.

    text: Evgeniya Likhodey, photo: Etienne Ansotte / EC — Audiovisual Service

    Eurozone economy slows down significantly

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    XRP Ripple jumped 11%: growth factors

    10 Cent XRP Price Prediction – Coinbase Delisting Will Lead to Kraken Next

    Yesterday afternoon, the rapid growth of ripple began, which is due to the news of the partnership of the international banking payment network SWIFT with the R3 blockchain consortium, which previously integrated the XRP cryptocurrency as an asset on the Corda platform.

    We previously reported that SWIFT CEO Gottfried Leibbrandt announced the beginning of testing a gpi payment gateway based on the R3 Corda platform. This will allow all participants ecosystems leverage the network of the global interbank initiative. Rank expects SWIFT is likely to test the cryptocurrency network, testing its scalability and level of volatility.

    During the Paris fintech forum, Gottfried Leibbrandt commented favorably on XRP, describing the product as a global asset of a cross-border payment network. Adding that banks are still hesitant to use cryptocurrency due to volatility. According to the head of SWIFT, the main disadvantage of Ripple Labs is its dependence on XRP.

    Such news gave rise to bulls to start speculation, raised in a short period XRP rate from $ 0.294 to a peak value of $ 0.34. Although the subsequent correction slightly upset the price, over the last 24 hours the price of the ripple has increased by 11.36% and at the time of this writing, the coin is trading at $ 0.331.

    XRP Ripple jumped 11%: growth factors

    However, analysts point out that a full-fledged growth in demand is possible only after the completion of tests and full integration of the system on the Corda platform. In their opinion, ripple achieves success not only because of the uniqueness of its products, but also largely due to competent promotion and advertising campaign..

    The crypto community also has doubts about the decentralization of the announced project estimates. According to research Cryptanalytic firm Messari, XRP market cap overstated by $ 6 billion.

    text: Ivan Malichenko, photo: Shutterstock, chart: TradingView

    XRP Ripple jumped 11%: growth factors

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    Elina Sidorenko revealed the reasons for the summer growth of cryptocurrencies

    HOW TO DYOR: My Crypto Research Methods Revealed!! 🤓

    In an interview with the NTV channel, Elina Sidorenko talked about why crypto users can observe the rise of the market today. Unlike classic financial instruments, the summer for digital coins is not «dead» period, but rather the opposite, the expert believes.

    Growth opportunities were supplemented by some stabilization of the position of cryptocurrencies in the market. In addition, the path for growth was opened with the postponement of the FATF report, which was aimed at making decisions on tightening the requirements for working with digital money. The report has been postponed until November. The G20 report was also postponed to autumn.

    Elina Sidorenko also noted that the outflow of low-skilled investors, who had previously invested in cryptocurrency and were not ready for its high volatility, continues. A similar position was named to her «thinning rows». Speaking about future prospects on the part of regulators, it was noted that most countries have chosen an exclusively observant position, which they adhere to, in an attempt to bypass hasty rash decisions..

    Elina Sidorenko revealed the reasons for the summer growth of cryptocurrencies

    The topic of money laundering through cryptocurrencies was touched upon. According to Sidorenko, such risks remain. An example of this is the situation in Japan — in connection with the fairly quickly adopted decisions on the withdrawal of digital coins to the first echelon of means of payment, the government lost control over them. This situation is actively used by malefactors, including the world-famous Yakuza mafia..

    Earlier, we wrote about why the President of Russia believes that cryptocurrency cannot be national.

    text: Evgeniya Likhodey, photo: NTV screen

    Elina Sidorenko revealed the reasons for the summer growth of cryptocurrencies
    Elina Sidorenko revealed the reasons for the summer growth of cryptocurrencies

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    The bitcoin rate dropped to $ 3590. The crypto market has experienced a moderate decline

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    The Worst Bitcoin Crash In History Is Coming (Tesla Selling)

    Over the past 24 hours, the cryptocurrency market experienced another decline, as a result of which its capitalization decreased by 3.8%, and the bitcoin price dropped to $ 3590.

    In the second half of Sunday, there was a sharp collapse of the crypto market, reducing the total capitalization from $ 124.2 billion to $ 119.5 billion, but this is still almost $ 2 billion more than last Monday. Over the past 24 hours, the bitcoin (BTC) rate has fallen by 3.78% and at the time of this writing is $ 3595. Although the current value is still relatively far from the December low, and the current value is even slightly higher than exactly a week ago. Some analysts say that in the absence of significant positive developments, investors are waiting for another powerful rebound to enter the market..

    Altcoins also showed a moderate decline. Most cryptocurrencies have lost 3-6% of their value. During the day, the ripple rate (XRP) decreased by only 2.77% and is $ 0.321. Ethereum (ETH) against the background of the next transfer of the hard fork, the project suffered a more significant loss of 5.58% and is now trading at $ 117. Bitcoin Cash (BCH) and EOS Prices Drop 5% & 4.7% up to $ 123 and $ 2.36 respectively.

    The bitcoin rate dropped to $ 3590. The crypto market has experienced a moderate decline

    By the end of the week, the situation on the virtual currency market improved slightly, although there is a general sideways movement and an increase in volatility. Alexey Kiriyenko, Managing Partner of EXANTE, believes that in general, today’s levels are very attractive for entry, because the market has lost 90% of its capitalization. All this money has not gone anywhere, most of it is waiting for a new entrance. Adding that 2019 will feel like halving is approaching, starting in the summer, when active discussion will drive the price up..

    The long-term success of a cryptocurrency largely depends on its technical capabilities, so our columnist Dmitry Tokarev analyzed the activity of teams of leading projects at Github.

    text: Ivan Malichenko, photo: istock, graphic: coinmarketcap

    The bitcoin rate dropped to $ 3590. The crypto market has experienced a moderate decline

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    Ethereum Classic Listing 15% Growth On Coinbase

    Ethereum Classic (ETC) Price Prediction 🚀🤑 [March 2021]

    Ethereum Classic Shows Excellent 15% Growth After Coinbase News Releases Cryptocurrency Start.

    The news came a few days after Coinbase confirmed the completion of work on «rebalancing» your index fund. It was thanks to the adjustments that the exchange representatives got the opportunity to enable ETC. It is noteworthy that earlier the coin became available on the Coinbase Pro platform, which is a new professional interface of the company, built on top of the existing GDAX trading engine..

    The news also attracted attention as thanks to the inclusion of ETC in the Coinbase listing, users have the opportunity to work with the coin from the screens of their mobile devices..

    Ethereum Classic Listing 15% Growth On Coinbase

    The take-off (yellow rectangle) against the background of a positive news background was supported by the previously formed double bottom (marked with a green oval). Now the crypto community expects some correction, since the price was able to break out of the previously built trajectory. Considering further prospects, it should be noted that the coin in any case remains under the yoke of Bitcoin and other heavier altcoins..

    Earlier, we wrote about Coinbase introducing a new financial instrument — tokens for shares of American companies.

    text: Evgeniya Likhodey

    Ethereum Classic Listing 15% Growth On Coinbase
    Ethereum Classic Listing 15% Growth On Coinbase

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    EToro studied who invests in cryptocurrency

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    Trading Cryptos with eToro

    EToro’s study found that men from 18 to 35 years old who had no prior experience in cryptocurrencies invest the most in cryptocurrencies..

    The eToro marketplace has been collecting data from March 2017 to February 2018 on which population groups are investing in cryptocurrency and the extent of their investment experience. Analysis of the information showed that 91.5% — these are men under 35, who in most cases work in the field of information technology, sales and marketing, or are students. Often, their portfolios consist of the most popular coins: XRP, ВТС, ЕТН.

    Interestingly, portfolio investments are most preferred by the older age group (55+), which holds the largest share of Bitcoin Cash, Stellar and NEO.

    Interest from IT specialists and the rapid growth in popularity of virtual currencies attracted many new investors who had not previously invested in trading instruments or projects. Those with medium to large investment experience make up only a small share of the market.

    Lack of experience has a huge impact on the success of asset management, but most of the broker’s clients have positive results. eToro analyzed cryptocurrency profitability metrics based on participants’ different strategies. It turned out that Ripple and Ethereum holders, on average, made the most profits, while Bitcoin Cash holders usually suffered losses..

    EToro studied who invests in cryptocurrency

    The existing indicators look like this, but the virtual currency market is developing rapidly, which affects the composition of its participants. Now more and more large traders and institutional companies are starting to participate in this market, so the numbers will soon change a lot..

    Recall that Ripple is preparing to launch its own fund.

    text: Ivan Malichenko, photo: Startup Stock photos, charts: Etoro  

    EToro studied who invests in cryptocurrency

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