Coinbase Expands Into Cross-Border Payments

Coinbase customers can now transfer funds to any user with a Coinbase account around the world using Ripple (XRP) and the exchange’s stablecoin USDCoin (USDC) with no fee. The development reportedly enables users to send and receive money instantly, as well as convert them into local currency. March saw several new developments at Coinbase, including a service linking user accounts on its main platform to its Coinbase Wallet app, and a new market structure for the exchange’s professional trading platform, Coinbase Pro, which aims to increase liquidity, enhance price discovery and ensure smoother price movements.Earlier this month, India’s Federal Bank, a commercial private bank, began using Ripple’s network for cross-border remittances. The partnership with Ripple came as part of a wider initiative to apply new technologies to the bank’s remittances network. Also on March 28, Federal Bank launched two remittance platforms in the United Arab Emirates for making payments to India.

Bitcoin Portfolio Beats S&P 500 ‘Every Year’, Plus Ripple and XRP, Ethereum, Tron, Cardano, Monero, VeChain

According to a new analysis comparing portfolios with and without Bitcoin, a 1% allocation of BTC can significantly boost investors’ returns.Independent analyst PlanB says holding 1% in Bitcoin in a 99% cash portfolio has historically yielded 10% returns, beating the S&P 500’s two-year risk/return mark “every year.”The Brazilian cross-border payment platform BeeTech has released a new ad showcasing how Ripple’s technology is helping it create a faster and simpler way to move money.The top three decentralized apps (DApps) are all running on the Tron network, according to DappRadar. The list is sorted by most users in the last 24 hours.Although Monero is designed to hide wallet addresses, Spagni says many people don’t realize it can be audited – if the wallet owner decides to hand over the info.The Ethereum-powered entertainment platform Breaker (formerly known as SingularDTV) has released its first on-demand film called ‘Prospect’. Breaker is designed to give people the power to distribute films and albums utilizing smart contracts to ensure funds are properly and automatically distributed to the creators.

Ripple’s managing director for South Asia talks about “high street banks” being interested in Ripple

The recent announcement by Ripple noted that they had partnered with over 200 banks and Financial Institutions [FIs] around the world and that 100 of these customers were signed within 2018. Navin Gupta mentioned how signing the first 100 partners took over two years as banks and FIs were hesitant about DLT and cryptocurrencies.In addition, Gupta mentioned how 2019 would be a much favorable year as compared to the previous years and also said that there were clear “regulatory signals” in ASEAN such as Thailand, Philippines and Singapore moving ahead on digital assets.The National Bank of Abu Dhabi [NBAD] was the first bank in the Middle East to sign on to RippleNet in February 2018 and FIs like Al Ahli Bank of Kuwait and BFC Bahrain are also part of RippleNet.

Ripple CEO Sends XRP Soaring, Boosting Bitcoin And Ethereum–Here’s Why

Ripple’s XRP leap triggered a rebound for bitcoin, up 1% over the last 24 hours, and ethereum, up 3.5% over the same period. Bitcoin cash climbed back over the $2 billion market cap mark, adding 6%, according to prices from CoinMarketCap, which tracks most major cryptocurrencies.The Ripple CEO was speaking alongside Gottfried Leibbrandt, Swift’s out-going chief executive, who announced the international payments network was partnering with Ripple rival, blockchain company R3.Swift’s network, which boasts some 11,000 financial institutions and moves $200 billion around the world every day, plans to link R3’s platform with its new payments standards framework Global Payments Innovation.

Ripple (XRP) in Pump-and-Dump Scenario, Sinks 12% from Weekly High

The XRP-to-USD exchange rate (XRP/USD) dropped to an intraday low at 0.3003 this Friday. Earlier yesterday, the pair had established a new weekly high at 0.3429 owing to global banking giant Swift’s announcement of integrating R3 Corda, which supports XRP as its native token. Traders treated the event as the sign of the next bull wave. The price surged impressively but found its upside momentum capped on a higher high formation towards $0.3429. A correction ensued and spent its Thursday maximizing.It could have appeared organic had the price sustained its gains. On January 31, the XRP market posted three consecutive selling sessions on an hourly basis. Between 0700 UTC and 1000 UTC, the XRP/USD rate had fallen from 0.3329 to 0.3103. Meanwhile, traders exited their short positions that translated into a brief upside correction. The pair again switched sides after it tested 0.3206 for a breakout, forming three long red candlesticks.A rising trendline, meanwhile, is capping the XRP/USD rate from forming any more lower lows. The support area, in a best-case scenario, could allow the pair to sustain its upside action. However, if broken, the XRP/USD rate could fall toward its next downside target area, defined between 0.2898 and 0.2853.

XRP Breaks Below $0.30, Creating Fresh 2019 Lows — Will This Be A Short-Lived Market Drop

Ripple has seen a sharp price decline totaling 5.75% over the past 24 hours of trading, bringing the current trading price down to around $0.2935. This latest move has caused Ripple to break below $0.30 for the first time in 2019.The market continued to fall aggressively below further support at the short-term .886 Fibonacci Retracement level (drawn in green) priced at $0.3028 and the short-term downside 1.618 Fibonacci Extension level (drawn in red) priced at $0.2989.The market continued to break further below additional support at the short-term .382 Fibonacci Retracement level (drawn in green) priced at 8,543 SATS.  XRP/BTC is now quickly approaching further support at the short-term downside 1.618 Fibonacci Extension level (drawn in purple) priced at 8,283 SATS. However, if the bulls can hold at the $0.2924 handle and begin to push price action higher, this may be a short-lived market drop.

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Bulls are active at current levels, but bears do not hibernate

The news of the day is that VanEck SolidX in collaboration with the CBOE has resubmitted their license request for an ETF on Bitcoin to the SEC. The headlines that accompany this news already warn that this issue may take a long time, even beyond the end of this year.However, something is going to happen in the short term. I don’t know if the price of Bitcoin is going to plummet back to the 2018 lows of $3,150 or if there is an attack on the critical level of $4200, but something is yet to come. If we apply the Bollinger bands in the daily range chart, we see that the price is in a compression situation that will explode sooner rather than later.Below the current price, the first support level is at the $0.296 price level (price congestion support). The second support level for the XRP is $0.28 (price congestion support), an essential level since losing this support would lead the XRP/USD pair in the direction of the 2018 lows at $0.257 (price congestion support and relative minimum).The DMI on the 4-hour chart shows bears again more active than bulls but for a small advantage. Both sides of the market show significant levels of activity, so a clear break in either direction can find considerable support.

XRP Ledger has delivered its promise of decentralization while Bitcoin and Ethereum have failed

Ripple has entered the year 2019 very strong in terms of its partnerships and product placements as a few banks went live with xRapid product for cross-border payments.During the recent Ripple Drop episode, David Schwartz, the CTO of Ripple and one of the architects of the XRP Ledger, Prajit Nanu, co-founder of InstaReM, and Jim Chauncey Kelly, Director of talent acquisition at Ripple spoke about XRP Ledger, Ripple Net, decentralization of cryptocurrencies, and Ripple’s open positions around the world.He continued that the latency of PoW coins was too high and in the range of 6-10 mins as compared to XRP Ledger’s 4 second settlement time. Moreover, consensus algorithm for XRP, unlike PoW can’t have problems of scalability in XRPL as it has second layer solutions like payment channels and the ledger can handle well over 50,000 TPS.

Ripple (XRP) Surges Amidst Widespread Crypto Market Recovery

Earlier this week, the crypto markets experienced a bloodbath that was the direct result of Bitcoinfailing to hold above its support level that existed around $3,550. Bitcoin’s ensuing drop led most cryptocurrencies to plunge 10% or more, from which many of them have since recovered. Ripple (XRP) is currently leading the markets, but most other cryptos have also seen decent gains today.At the time of writing, Ripple is trading up over 11% at its current price of $0.323. Earlier this week, XRP dropped to lows of $0.28, which proved to be a region of significant buying pressure for the cryptocurrency, as it quickly surged after trading sideways around this price point.Bitcoin Cash (BCH) is also having a good day, as it is trading up over 6% at its current price of $118.60. BCH is up from its weekly lows of $109 that were set earlier this week. Although BCH is recovering from its latest drop, it is still down from its seven-day highs of over $130.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 11

Bakkt recently completed its first acquisition of certain assets of futures commission merchant Rosenthal Collins Group (RCG). The much-awaited digital asset platform is expected to launch laterin the year, according to Jeff Sprecher, CEO of the Intercontinental Exchange (ICE). Many expect institutional participation to increase with the launch of Bakkt.Bitcoin (BTC) broke out of the 20-day EMA for the first time since Jan. 10. It is currently trading near the 50-day SMA. A bounce from the current level will carry it to the downtrend line, which has been a major hurdle since Nov. 24 of the previous year. If the price sustains above the downtrend line, it can move up to $4,255. It is currently facing resistance at the 50-day SMA. If the bulls sustain the price above $116.30, we anticipate another attempt to break out of the overhead resistance within the next few days. The 20-day EMA has turned up and the 50-day SMA is gradually sloping up. The RSI reached the overbought level for the first time since December 2017. This shows a probable change in trend. The flattish moving averages and the RSI close to the 50 levels points to a range bound trading in the near-term. We might suggest long positions if the price sustains above $141. Until then, we remain neutral on it.