Opinion

In the previous week, considerable gains in the entire cryptocurrency market got witnessed. Altcoins such as XRP experienced an outstanding performance. XRP prices surged by more than 15%, based on the data provided by Coin360. The 15% gain led the price to only $0.24, meaning that the price remains on the downside by over 93% compared to its highest price ever, around $ 3.00. Nevertheless, analysts think that the recent move to the upside stands as a basis for a…

BitPay is about to launch new support for XRPA, and the plan got revealed in a tweet by the firm’s founder, Tonny Gallippi. According to Gallippi, the option will allow the purchase of gift cards with XRP starting next week. Nevertheless, the new developer first got realized by some XRP supporters. Cryptocurrency holders will have the opportunity to use the gift cards effortlessly in spending their cryptos at several retailers and restaurants, including Amazon, Burger King, DoorDash, Domino’s, GameStop, and…

The cryptocurrency domain is fearful about bank-issued cryptos replacing Bitcoin as well as altcoins. Nevertheless, to ascertain the validity of the fear, it is necessary to consider some facts. First, bank-issued cryptocurrencies will be in charge of those who receive the cryptocurrency units and their purpose. On the other hand, Bitcoin is a decentralized currency. Bitcoin holders can determine its purpose and enable its use for the payment of goods and services, forwarded to people through remittance platforms, or one…

Recently, FinNexus announced the use of the XRP ledger in a blog post. The development is a new milestone for XRPL. FinNexus is an open finance space that came up with a roadmap this year. The finance hub intends to use the XRP ledger for asset tokenization in protocol development. As in the roadmap, the finance hub noted the possibility of turning to some networks for creating a PCAP with the capability of connecting various digital currencies that include Ripple…

Seba is a new digital asset bank holding regulatory licensing based in Switzerland. The bank is attempting to develop a secondary capital of more than $95 million in additional funds. According to Financial News London on the 17th of January, the firm wants to secure 100 million CHF(96.5 million USD) from new investors, financial institutions, family offices, and individuals. Seba Bank AG is a crypto-friendly startup, and the announcement of its launch emerged in November 2019. The announcement came following…

Libra Association has come up with a five-member steering committee, which will help develop and coordinate the Libra network’s technical design, specifically the management.  The new development comes from a blog post on the Libra Association’s 16th of January 2020. According to the association, the committee consists of five members, including Diogo Monica of Anchorage, George Cabrera III at Calibra, Joe Lallouz at Bison Trails, Nick Grossman at Union Square Ventures, and Ric Shreves at Mercy Corps.  The Libra committee aims…

Binance Holdings Limited considered the world’s most lucrative cryptocurrency exchange based in Malta, recently made announcements about the intended partnership deal with Z Corporation. The Z Corporation is a full- owned ancillary of Z Holdings Corporation and TaoTao Inc., the Japanese digital currency exchanges.  Based on the reports released by the Binance, it kicked off the discussion to initiate the partnership between both entities. With respect to this, Binance anticipates the trading service launch for respective Japanese customers. Licensing of…

The classification of XRP has presented various issues, bringing about the class action suit employed in determining the digital asset category. Ripple's CEO, Brad Gradlinghouse, recently confirmed the story, sharing his concerns on the matter. He went on to guarantee that XRP cannot be under the classification of asset security. The primary reason for this followed the lawsuit initially filed against the firm due to its involvement in selling unregistered tokens in 2018. As a result, the Ripple firm's motion…

The news site RIA Novosti announced earlier today aired the priorities of Mikhail Mishustin, the newly confirmed Prime Minister of Russia. His major focus was on calling for significant prioritization of the country's digital economy targeting the immediate implementation of the newly updated information technologies. He further urged utilizing the programs to foster a Russian digital economy.  Russian Digital Economy His appointment came after the resignation of the former prime minister, based on Federal Assembly changes made by the Russian…