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The XRP/USD price rose over the barrier at $0.2450. The topping of the price happened close to $0.2540 and started correction to the downside. Recently, there was a robust increment in the price over the barriers at $0.2400 and $0.2450. Further, the price moved to the upside over $0.2500 and settled over 100 hourly SMA. However, the sellers successfully protected the gains over $0.2540 and $0.2550. The price formed a high close to $0.2540, and it began to retrace to…

South Korea finance officials plan to implement a twenty percent tax on income from cryptocurrencies. Currently, definite laws to tax crypto profits do not exist in the country. A report by Korea Herald stated that the country’s ministry of economy and finance had authorized the office of income tax to look into a taxation plan, which made people speculate that the authorities could classify gains from crypto trading as other income. As per the government official, the finance ministry is…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $236 billion. Bitcoin price gets closer to the $9,000 mark. Ethereum escalates over the $160 threshold. XRP enjoys a promising run and moves above the $0.23 barrier Crypto Trends 13th-19th of January 2020: PERFORMANCE & ANALYSIS The past week saw the Bitcoin price increase by 13% compared to its value almost 7 days ago.…

On the 19th of January 2019, Peter Schiff claimed to lose access to all his Bitcoin holdings. Schiff is the CEO of Euro Pacific Capital, as well as the founder chairman of SchiffGold. He is also a renowned Bitcoin critic, quite skeptical about the crypto, exceedingly bullish when it comes to gold, and likewise bearish on the USD. On the 4th of July 2019, Schiff claimed to have three crypto assets, Bitcoin, Ethereum, and Bitcoin Cash. He also said he…

Recently, Rhino Data published a report concerning blockchain investment and financing in 2019. The report was released in collaboration with Xinhua Finance. The report includes a list of startups related to cryptocurrencies in China getting funding. As per the report, in 2019, the number of investment and financing deals recorded was 245, and there was an aggregate of 3.5 billion USD in investments by some. The value is approximately half of what got recorded in 2018. Of all the investments,…

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…