China Ranks Cryptos: Bitcoin (BTC) Dismal 13 of 28

China Ranks Cryptos: Bitcoin (BTC) Dismal 13 of 28

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People’s Republic of China (PRC) 中华人民共和国 was one of the first governments to ban bitcoin, cryptocurrency. Now, the PRC is the first country to come out with official government crypto rankings. Its China Center for Information Industry Development (CCID) used three filters through which coins would be judged: innovation, technology, application. Rather surprisingly to some…

Ripple Launches Venture Capital Fund ‘Xpring’ to Bootstrap XRP Adoption

Ripple Launches Venture Capital Fund ‘Xpring’ to Bootstrap XRP Adoption

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International remittance focused cryptocurrency Ripple has launched a new initiative designed to provide entrepreneurs and innovators with financial backing in order to develop solutions based on Ripple technology. The new Xpring project will encourage developers and entrepreneurs to contribute to the Ripple ecosystem and create services for XRP, which is currently the third-highest ranked cryptocurrency.…

BitMEX CEO, Arthur Hayes: $50,000 Bitcoin Price Target by End-of-Year

BitMEX CEO, Arthur Hayes: $50,000 Bitcoin Price Target by End-of-Year

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Arthur Hayes, CEO of BitMEX, appeared on CNBC and predicted that the world’s leading cryptocurrency will reach a valuation of $50,000 by end-of-year. From Wall Street to Crypto A Wharton School of Business graduate, Arthur Hayes has built a reputation on his ability to trade traditional financial instruments. Arthur Hayes, CEO of BitMEX Soon after…

Novogratz Launches Benchmark Index of 10 Cryptocurrencies

Novogratz Launches Benchmark Index of 10 Cryptocurrencies

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Well-known hedge fund manager Michael Novogratz has launched a cryptocurrency benchmark index in partnership with Bloomberg. The index, designed to track the performance of the largest, most liquid coins, consists of 10 cryptocurrencies at its inception. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Crypto Index Michael Novogratz. Galaxy Digital Capital Management and…

Technical Analysis: Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple

Technical Analysis: Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple

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Cryptocurrency markets continued the bullish trend this week with an almost $40 billion increase in market cap at one point. Over the weekend, however, a strong pullback occurred leaving the overall market cap around $430 billion. This week, we will use technical analysis to look into the current price action of Bitcoin, Litecoin, Ethereum, Bitcoin Cash,…

Binance Adds Ripple/Tether (XRP/USDT) Pair to Its Exchange

Binance Adds Ripple/Tether (XRP/USDT) Pair to Its Exchange

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Binance announced yesterday via its official Twitter handle that it added a Ripple/Tether trading pair to its exchange platform. Having been in operation since 2017, Binance has transformed into one of the biggest crypto-exchange services on the planet today. Through an official blog post, the company shared key details of fees and regulations that will…