Materials by tag Ripple

Cryptocurrency has been trading higher for almost a week, prompting them to overcome and endure a latent inrush. The positive technical picture indicates that major support is near for all top three digital currencies hence triggering them to soar high.

Blockchain technology is the phenomenon behind the most popular cryptocurrencies such as Bitcoin, Ethereum and Ripple, as it was apprehended by Satoshi Nakamoto in 2008. Distributed ledger technology (DLT) is an effective communication and data exchange protocol designed in a series and chains of blocks. Italy is the fourth country in the world as far as the use of Bitcoin is concerned.

The short-term rebound on February 19, saw Bitcoin surge to the $4,000 price level, leaving several cryptocurrency investors hooked and some analysts keeping their attitude inert. Bitcoin could “melt our faces off” in the long run with an amazing rebound.

The giant U.S. bank, JPMorgan, declared plans to roll out JPM Coin on February 14 and has shown love for cryptocurrency on Valentine’s Day, notwithstanding Jamie Dimon having criticized Bitcoin (BTC) as being a fraud some time ago. It will be employed to conduct payments between customers and the lender will then labor to transfer international payment on to the distributed ledger technology (DLT), which could make a potential impact on the fintech sector.

Wyoming (WY) is now the first U.S. state to give authority and direct property rights to all digital currency owners by passing second & third Senate appraisals of Bill SF0125. After that, the bill will head to WY Governor Mark Gordon and its thought it could turn into law very soon – probably next week.

According to research on the ground, the production-weighted cash cost to create 1 Bitcoin (BTC) averaged approx. $4,060 worldwide in the fourth quarter (Q4) of 2018, analysts from JPMorgan Chase Co. reveal. This cost is much higher than the current Bitcoin price as Bloomberg reports.

The one-day (24h) period of trading has not registered a vast activity in the digital currency economy. Since the surge on February 8, which saw Bitcoin (BTC) touch the $3700 resistance level, nothing actually momentous has taken place on the BTC markets. However, ETH has finally managed to race past XRP.

Member of the European Parliament Eva Kaili endorsed blockchain technology, cryptocurrency adoption, and their regulations. Heartily, Kaili sees blockchain technology is a technology with significant potential and ability.

Delta Exchange, one of the fastest growing cryptocurrency derivatives exchange has launched world’s first stablecoin settled Bitcoin Futures. Stablecoin (USDC) futures will allow traders to margin in stablecoin and to earn profit / loss in stablecoin. These futures are available on Bitcoin, Ether and Ripple; all pairs are quoted in USD and settled in USDC.