Despite its 70% Price Drop, Bitcoin Surpassed Gold in Settlement Volume

Tuesday, August 14, 2018

Despite the bearish look, Bitcoin still holds a place as a medium of exchange. Nic Carter, a well respected cryptocurrency researcher, has said that Bitcoin has surpassed the OTC gold market in settlement volumes, even amidst a 70 percent drop in its price. Bitcoin as a Better Medium of Exchange According to the clearing statistics of the London bullion market (LBMA), five major clearing members of the LPMCL including HSBC,…

Ripple Price Analysis: XRP/USD Nosedives, Recoveries Remain Limited

Tuesday, August 14, 2018

Key Highlights Ripple price fell significantly and broke the $0.2800 and $0.2600 supports against the US dollar. Yesterday’s highlighted important bearish trend line is intact with resistance near the $0.2950 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but it could face sellers near $0.2700 and $0.2800. Ripple price nosedived against the US Dollar and Bitcoin. XRP/USD may perhaps…

Japan’s Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-Fold

Tuesday, August 14, 2018

Japan’s GMO Internet has unveiled new priorities for its cryptocurrency business along with the performances of its crypto exchange and mining operations. The changes going forward result from the bear market and increased total hash rate. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space GMO Coin Profits Up 7.3-Fold Japanese internet giant GMO published its second-quarter results for this fiscal year on Thursday. The report details the performances of…

Crypto Movement: Ethereum (ETH) Drops Below $300 and Stellar (XLM) Passes EOS

Monday, August 13, 2018

The cryptocurrency market has been all over the place lately with its price movements, and today, most of the top 10 cryptocurrencies are in the red. Today, we’re going to track the latest Ethereum news and Stellar news. Stellar (XLM) has made a phenomenal rise on the market lately, but it seems that the world’s second largest cryptocurrency, Ethereum (ETH), has dipped to a year-low today. Ethereum (ETH) Dips Below…

Stellar, What Is It Good For? – Crypto Daily™

Monday, August 13, 2018

Stellar is one of the coins that deserves some attention, and if you don’t have it in your portfolio, you probably should. Capable of smart contracts, decentralized, fast and incredibly cheap, XLM is one crypto with a lot of potential. “Stellar, XLM, Lumens, whatever you want to call it. Stellar has flown of late, hitting comfortable prices and becoming the markets favourite alternative to XRP, a cryptocurrency with a diminished…

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