|Day's Range||0.291 - 0.298|
|52 Week Range||0.2407 - 0.6260|
|Volume (24hr) All Currencies||454.26M|
Bitcoin jumped over 150% this year. The interest in the digital currency comes as a Richard Branson-backed, crypto company is raising $50 million to invest in startups. Yahoo Finance’s Zack Guzman and Sibile Marcellus discuss with the Executive Editor of Dealbreaker, Thornton McEnery.
Bitcoin is soaring today, eying the $12,000 mark as worries escalate regarding the trade war between the United States and China. Yahoo Finance's Zack Guzman and Brian Cheung are joined by Carleton English, New York Post Hedge Fund Reporter, to discuss.
Ripple has filed a motion to dismiss a lawsuit, saying that XRP is not a security “because it is not an ‘investment contract.’” “Purchasing XRP is not an “investment” in Ripple; there is no common enterprise between Ripple and XRP purchasers; there was no promise that Ripple would help generate profits for XRP holders, and […]The post Ripple says XRP is not a security, in a motion filing to dismiss a lawsuit appeared first on The Block.
Crypto exchange Binance’s U.S. platform is launching with seven coins, instead of six as previously announced. Binance.US has now also added its native token BNB to its platform in the “first phase,” several users posted screenshots of the development on Twitter.The post Binance.US adding 7th coin to its platform - native token BNB appeared first on The Block.
Binance U.S. will begin accepting account registrations and cryptocurrency deposits starting Sept. 18, the firm announced in a blog post on Wednesday.The post Binance U.S. to start accepting account registrations; will initially support 6 assets appeared first on The Block.
Stock exchange operator Nasdaq has added yet another crypto-related index – this time for decentralized finance (DeFi), according to an announcement Monday.The post Nasdaq adds a new index for decentralized finance ‘DeFix,’ covering Augur, MakerDAO appeared first on The Block.
Japanese messaging giant LINE has just received a license to operate the cryptocurrency exchange business in the country. Japan’s Financial Services Agency (FSA) granted the license to LINE’s blockchain unit LVC Corporation on Friday.The post Japanese messaging giant LINE wins crypto exchange license from regulator appeared first on The Block.
India's richest investors are looking to ramp up their allocation to cryptocurrencies, as concerns about a slowdown in the economy grip the nation.The post Nearly 10% of India's richest investors are looking to increase allocation to cryptocurrency appeared first on The Block.
Japanese financial services giant SBI Holdings' subsidiary, Morningstar Japan K.K., has launched an interim shareholder benefits program with XRP, the world’s third-largest cryptocurrency by market capitalization.The post SBI Holdings subsidiary to pay shareholders an interim dividend in XRP crypto appeared first on The Block.
Bernard Arnault, chairman and CEO of luxury goods brand Louis Vuitton (LVMH), has denied media reports that he had set up a firm in Belgium to invest in cryptocurrencies.The post Louis Vuitton boss Bernard Arnault denies setting up a firm in Belgium to invest in crypto appeared first on The Block.
Cryptocurrency lending and borrowing startup Cred has hired former PayPal executive as its chief financial officer (CFO), according to an announcement Monday.The post Former PayPal executive joins crypto lending startup Cred as CFO appeared first on The Block.
Huobi was by far the most used exchange for withdrawals from the alleged cryptocurrency Ponzi scheme PlusToken, which has reportedly swindled over $2 billion from participants, according to new research.The post Users of alleged crypto scam PlusToken ‘heavily favored’ Huobi exchange for withdrawals appeared first on The Block.
Ripple is putting aside a massive 1 billion XRP tokens for content creators and artists willing to publish through Coil, a platform intended for content monetisation. The Ripple online content strategy is aiming to encourage XRP adoption in and outside the crypto market. Ripple’s grant is worth almost $260 million and comes from the company’s investment subsidiary Xpring. The funding is expected to improve Coil’s performance as the platform creators seek to increase its popularity with content creators. What is the Coil platform? Coil is a micropayments platform for content creators. The concept behind the project is simple: artists, journalists, writers, and other people who create content should be able to monetise their work without intermediaries. The platform aims toThe post How Ripple is funding online content appeared first on Coin Rivet.
Fidelity Charitable, the financial services giant’s charity unit, is now accepting XRP, the world’s third-largest cryptocurrency, for donations. Until now, the unit accepted only four cryptocurrencies - bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC), having launched the form of donation back in 2015, according to an announcement shared with The Block late […]The post Fidelity’s charity unit includes XRP to its list of accepted cryptos for donation; hits $100 million-mark appeared first on The Block.
Spanish banking giant Santander is preparing to launch a new remittance service in Latin America, using Ripple’s xCurrent solution, which does not use XRP cryptocurrency like its xRapid solution.The post Santander bank using Ripple’s xCurrent solution for upcoming remittance service in Latin America appeared first on The Block.
Ripple's investment subsidiary Xpring has granted 1 billion XRP to Coil, a micropayments platform for content creators, aiming to drive adoption of the world's third-largest cryptocurrency by market capitalization.The post Ripple grants 1 billion XRP to content platform Coil to boost adoption of the token appeared first on The Block.
A group of XRP investors has filed an amended complaint against Ripple, arguing that the company’s tokens are unregistered securities under Securities and Exchange Commission (SEC)’s guidance. The post XRP investors file new complaint against Ripple for issuing unregistered security under SEC guidance appeared first on The Block.
A large sell-off of XRP on cryptocurrency exchange Beaxy on Monday triggered the tokens to trade at a 62% discount on Beaxy compared to other exchanges. The post Crypto exchange Beaxy halts trading activity and withdrawals after "unusual high volume activity" appeared first on The Block.
The world's third-largest cryptocurrency, XRP, has been deemed to have "non-security attributes" by the UK's Financial Conduct Authority (FCA). According to a video released by Ripple on the topic of global regulation, the FCA's July consultation paper compares XRP to Ethereum. It states: “Tokens may have mixed features that may overlap with the above categories, or change over time. For example, Ether can be used as a means of ‘payment’ (exchange token) on the Ethereum platform, and can also be used to run applications (utility token). XRP has similar features.” The news will come as a boost to Ripple, with the company currently facing legal action in the US over its alleged sale of an "unregistered security". 0/ The RippleThe post Ripple's XRP deemed to have 'non-security attributes' by FCA appeared first on Coin Rivet.
Ripple CEO Brad Garlinghouse has revealed that "multiple deals" are in the pipeline following the success of the company's $30 million investment in MoneyGram in June. The MoneyGram stock price soared 168% following Ripple's investment, which included an option to purchase another $20 million worth of shares over the next two years. Speaking to Yahoo Finance on the prospect of upcoming deals, Garlinghouse said: “We’re in a very strong position - our business is growing strongly, we have a strong balance sheet, and I intend to press our advantage." He also confirmed that "multiple" potential deals and acquisitions were being worked on, but declined to comment on specifics as "deals are always very, very hard to predict". Excited to hearThe post Ripple on the verge of signing 'multiple deals' after $30m MoneyGram investment appeared first on Coin Rivet.
Ripple is looking to sign “multiple” investment and acquisition deals after its $30 million investment in money transfer giant MoneyGram. “We’re in a very strong position, our business is growing strongly, we have a strong balance sheet, and I intend to press our advantage,” Brad Garlinghouse, the CEO of Ripple, told Yahoo Finance UK on […]The post Ripple looks to invest in ‘multiple’ companies after MoneyGram appeared first on The Block.
South Korean cryptocurrency exchange Bithumb is reportedly entering the Singaporean market via a deal with local crypto platform BitHolic. News1 Korea reported the news on Thursday, saying that BitHolic changed its name to Bithumb Singapore this month.The post Crypto exchange Bithumb to debut in Singapore via local platform BitHolic appeared first on The Block.
Swissquote Bank, an online banking service, has reported 14.3% drop in net profit in the first half of this year, due to a “significant” year-on-year decline in cryptocurrency trading business, among other factors.The post Swissquote Bank's H1 net profit falls due to ‘significant’ decline in crypto trading business appeared first on The Block.
The Federal Reserve is "strongly considering" going ahead with the launch of a new payment system that would go head-to-head with a similar network run by Wall Street's biggest banks, according to a report by Politico.The post Fed 'strongly considering' launch of instant payments network to rival Wall Street appeared first on The Block.
MoneyGram CEO Alex Holmes touted the benefits of the company's commercial agreement with Ripple in the company's Q2 2019 earnings call, the first since the strategic partnership was announced.The post MoneyGram talks up Ripple partnership, goes live with XRP and xRapid, in Q2 earnings appeared first on The Block.