Author: Anna Galvez

Categories
Crypto

Ripple (XRP) Invests $25 Million Via Blockchain Capital To Sustain Digital And Blockchain Startups

Ripple (XRP), the cross-border transaction platform based on the blockchain technology, plans to invest $25 million for startups in the blockchain worlds, as well as for digital startups.

Paid in Ripple (XRP), the investment of $25 million will be handled by the Blockchain Capital Parallel IV, which is the first to admit capital requests in digital assets with the focus on the blockchain universe development.

As the Ripple representatives declared, Blockchain Capital manages more than $150 million in funds.

The $25 million fund is awaited to go for the business teams which are focusing on digital assets but especially on blockchain technology development.

Even more, according to Ripple, this sum is expected to give the possibility to distinguish novel applications for the Ripple’s Interledger Protocol and the Ripple XRP Ledger.

Ripple company trust the abilities of Blockchain Capital firm

According to the Blockchain Capital’s co-founder, Bart Stephens, the company is a “roads-builder” for the blockchain universe and has always been actively participated in this field numbering renowned names in its collection, such as Ripple that’s working on a new blockchain ecosystem.

“Whether it’s using Ripple (XRP), Bitcoin (BTC) or just the underlying blockchain technology, our goal is to find the best projects and give them the resources to be successful companies that deliver value to customers for the long term,” explained Bart Stephens.

In the meantime, discussing the deal with Blockchain Capital, Patrick Griffin, Ripple’s Strategic Growth VP, emphasized that “Blockchain Capital is the first fund for any project looking to get off the ground in the blockchain space. They have a proven track record for finding and funding the projects that matter.”

According to Ripple (XRP), the purpose of the $25 million investment, is that Blockchain Capital trusts the utility of Interledger Protocol and XRP Ledger, while, Ripple company is set to extend its partnerships, as well as its support, to new businesses, companies, and institutions.

Categories
Crypto

Bithumb To Introduce P2P Cryptocurrencies Payment Platform For Social Networks

The Bithumb cryptocurrencies exchange, the second largest in South Korea, will launch a platform of peer2peer (p2p) payments for social networks, which could be called SNS Pay, and which will offer services to share, bill, and market products registered in social networks and blogs.

The information was disseminated through NextGen Systems and explains that the new platform will allow you to buy products directly on social networks, without having to search for an online store. In this regard, an unidentified spokesperson from Bithumb told that one of the objectives was to significantly increase the conversion rate that leads to the purchase, in addition to reducing transaction costs.

In parallel, in partnership with Wincube Marketing, a Korean e-commerce site offering coupon services, the company announced that it will sell 12,500 types of mobile coupons of 600 brands.

The coupons will be offered through gift certificates so that customers can use their cryptocurrencies or the Korean Won to buy.

The Bithumb plan, according to the publication, is to increase awareness that cryptocurrencies can be used as real money and not only as an investment, which is consistent with what seems to be one of the main goals of Bithumb in order to facilitate greater adoption, knowledge, and use of cryptocurrencies in South Korea.

Consequently, the Bithumb cryptocurrencies exchange has taken several initiatives

The most recent is the integration into 6,000 new points of sale of cryptocurrencies, as well as the alliance with Bitpay to process international payments with the United States, including the launch of a line of kiosks and ATMs that work with cryptocurrencies assets.

Bithumb is one of the largest exchange operators in South Korea and is currently offers the possibility to exchange 15 cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Tron (TRX), Litecoin (LTC), Monero (XMR), among others.

It should be noted that South Korea is one of the countries with the highest proportion of active users in terms of the use of both social networks and cryptocurrencies. 84% of the South Koreans are active in social networks, according to Statista data, and more than 40% of the adults are familiar with the concepts of cryptocurrencies and blockchain technology.

South Korea is a booming market, which grew more than 8 times between 2016 and 2017, generating an increase both in the number of cryptocurrencies exchange operators and in their profits.

Now Bithumb takes initiative to introduce a peer2peer (p2p) payment platform for social networks to ease up the cryptocurrencies acceptance and usage.

Categories
Crypto

Ripple (XRP), Ethereum (ETH), And Litecoin (LTC) Price Analysis

The new week started with a slow recovery for the cryptocurrencies and Ripple (XRP), Ethereum (ETH), and Litecoin (LTC) are also turning green for a tough period of the market. Let’s see here what the graphs show for the future.

Ripple (XRP) doesn’t get the expected appreciation

The news revolving around Ripple (XRP) remains for the moment that Ripple (XRP) has tried and failed to buy its listing into the Coinbase and Gemini exchanges, leaving itself vulnerable to further inconvenience.

The lack of inclusion in two of the largest exchanges of cryptocurrencies in the US and the consequent loss, if the story is true, will leave the falls as the path of least resistance.

Currently trading around $0.49 but a break and close below its December 22nd’s minimum of $0.42 could cause XRP to retreat to the start of the strong rebound at $0.20.

On the Ripple (XRP) bullish side, $0.57 should limit any positive movement.

Ethereum (ETH) is still bearish, despite its slight increase

The second largest cryptocurrency, ETH, has lost more than $100 billion in cryptocurrencies market capitalization since its peak on January 15th.

The Ethereum (ETH) chart shows how all the rallies have been sold, while the downward trend since mid-January continues to limit any upward movement.

The recent low of $357 seems to be under pressure again, which leaves a big drop to the two lows observed in October and November of 2017, $275 and $278, respectively.

Right now, the Ethereum (ETH) is trading at about $410, gaining approximately 3% in the last 24 hours but the sentiment is still bearish, in general.

Litecoin (LTC) shows only a small increase in the last 24 hours

Another cryptocurrency that fell heavily recently, Litecoin (LTC) has at least shown some signs of stabilization in the last 9 trading sessions.

Having fallen below the Fibonacci retracement at $118, LTC currently trades around $114.

LTC is also trading on both sides of the bearish trend from the December 19 high. To push up, the cryptocurrency needs a continuous consolidation in the coming days, which would open the way again to $137, and then to the $150 value.

A break below the minimum double would leave LTC vulnerable to higher losses with weak support between $70 and $72.

In conclusion, cryptocurrencies market turned green and all the assets show gains but the sentiment is still bearish regarding Ripple (XRP), Ethereum (ETH), and Litecoin (LTC).

Categories
Crypto Economy

Bitcoin (BTC) Trading Attracts George Soros, The Rockefeller Family, And The Rothchild Family

After the strong correction of more than 60% experienced by the Bitcoin (BTC) cryptocurrency since its peak during last December, the time has come for the big sharks to join the frenzy. At least three of the most prominent members of the financial “royalty” believe in Bitcoin’s rise, as, in recent days, news emerged that George Soros, the Rockefeller family, and the Rothschilds are ready to make big investments in Bitcoin (BTC).

George Soros changed his mind in just three months

This news comes just three months after Soros himself described Bitcoin (BTC) as a bubble.

Now, Bloomberg revealed that Adam Fisher, the manager of the global macro investments of the Soros’ funds, has received authorization to trade cryptocurrencies but has not yet made any investments, according to the sources.

Also, the Rockefeller family would have plans to get on the wave of cryptocurrencies

As published by CoinTelegraph, the Rockefeller family’s venture capital fund, Venrock, has partnered with the CoinFund platform to not miss the boom of both cryptocurrency and the blockchain technology itself.

In this sense, David Pakman, partner of Venrock, told for Fortune that they are “very patient, (…) long investors and (…) wonder what will happen in the next five to ten years.”

The Rothchild family is buying Bitcoin (BTC) since the last year

In this way, both George Soros and Rockefeller follow the steps that the Rothchild family took last year when they decided to enter in the cryptocurrency investments world by buying Bitcoin (BTC) through the Grayscale Bitcoin Trust, according to their annual report.

Thus, it seems that the elites of the finances universe begin to believe that the cryptocurrencies market problems have passed after the strong correction experienced since December. In fact, Bitcoin (BTC) is a cryptocurrency par excellence, which is now trading above $6,800, while right before last Christmas it was touching the $20,000 mark after its debut in the futures market in Chicago.

Categories
Economy

Nighttime lighting could cost New Brunswick municipalities more money

NB Power wants to increase its rates for night lighting, but its proposal is opposed by the Union of Municipalities of New Brunswick.

The organization denounces the tariff proposal that it considers unfair. “New Brunswick Power, in the current hearings on the 2018-2019 rates, is proposing a tariff that will have a revenue-to-cost ratio of about 195%, almost double,” said Margot Cragg, Executive Director of the Union des municipalités. .

In fact, according to the organization, the municipalities will get a lot more out of their pocket than the crown corporation, and the real payers will be the residents.

“It’s the residents in the municipalities who will pay with their taxes and who will lose if the municipalities can not provide the infrastructure used every day,” said Margot Cragg.

NB Power wants to increase its rates for night lighting, but its proposal is opposed by the Union of Municipalities of New Brunswick.

The organization denounces the tariff proposal that it considers unfair. “New Brunswick Power, in the current hearings on the 2018-2019 rates, is proposing a tariff that will have a revenue-to-cost ratio of about 195%, almost double,” said Margot Cragg, Executive Director of the Union des municipalités. .

In fact, according to the organization, the municipalities will get a lot more out of their pocket than the crown corporation, and the real payers will be the residents.

“It’s the residents in the municipalities who will pay with their taxes and who will lose if the municipalities can not provide the infrastructure used every day,” said Margot Cragg.

Richibucto will also feel the discomfort in case of new pricing upward.

“Now, there is one thing that is certain because at some point, depending on what it represents as cost, it will be necessary to make assessments to know how one responds to these needs, to these financial realities” says Roger Doiron, Mayor of Richibucto.

The quality of infrastructure and the provision of services could take a hit. The Union of Municipalities calls for equity among its members and NB Power.

“We told CESP:” You guys said there’s a principle that says the recipe-cost ratio should be about the same. “It’s clear that right now, what is being proposed is not following not your principle. What are you going to do? Asks Margot Cragg.

The Energy and Utilities Board (CESP) is giving itself until April to address the demand from municipalities.

By email, NB Power acknowledges the concerns of municipalities.

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