Connect with us

crypto-

Ripple Vs R3 Lawsuit Reveals New Information

Published

on

Ripple Labs and XRP II LLC have reached an agreement with the R3 blockchain after a long and stretched out lawsuit across the past year over 5 billion token of XRP (worth around $0.0085 each). The idea of such a huge sum of XRP was offered to R3 at such a massive discount shows the centralised nature of the business.

Ripple Labs and XRP II have apparently gone into an agreement with R3 to sell up to 5 billion XRP by the end of next year.

XRP is a digital currency for cross-border payments which makes it a good fit for finance and commerce platforms whereas R3 spearheads 200 distributed ledger technology research companies and blockchain firms, they specifically look into the use of such technology for finance and commerce.

Ripple went into this agreement in order to sell 5 billion XRP tokens for only $42.5 million when the price was closer to that area. Digital currency prices rallied on a big scale and by September last the deal didn’t make any sense.

It would be a huge loss for the XRP market for this deal to go through as it was originally agreed so it made logical sense for them to try and opt out of the deal. Currently, there are around 40 billion tokens of XRP in circulation and the injection of 5 billion more XRP could lead to a huge price crash. However, it is unknown if the lawsuit settlement involved a big amount of cut-rate XRP going into circulation.

The whole ordeal focuses on the nature of XRP. Despite there being almost 40 billion XRP tokens in circulation, there is more than 60 billion XRP which is under control of Ripple Labs and the Ripple Foundation which are not in circulation. This means that Ripple entities could push all of the tokens on the market at any time and run with the money making it very dangerous for traders.

Source: Crypto Daily

Advertisement
Click to comment

Bitcoin

Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

Published

on

Cryptocurrency Bitcoin (BTC/USD) is trading at 6706.08. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 6590.00 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the target near the level of 7190.00.

Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 6580.00. The abolition of the option of continuing Bitcoin growth will be the breakdown of the lower border area of ​​the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​6200.00, indicating a change in the bearish trend for BTC/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

Continue Reading

crypto-

Ripple (XRP/USD) forecast and analysis on September 25, 2018

Published

on

Cryptocurrency Ripple (XRP/USD) is trading at 0.5761. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ripple. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 0.5300 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 0.7210.

Ripple (XRP/USD) forecast and analysis on September 25, 2018

Ripple (XRP/USD) forecast and analysis on September 25, 2018

The conservative area for buying is located near the middle border of the Bollinger Bands indicator strip at 0.4680. Canceling the option of continuing Ripple growth will be the breakdown of the mid-range area of ​​the Bollinger Bands indicator bars, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​0.4500, indicating a change in the bearish trend for XRP/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

Read More;

Why Ripple (XRP) can jump 100x in value and become the world currency

Continue Reading

crypto-

Ethereum (ETH/USD) forecast and analysis on September 25, 2018

Published

on

Cryptocurrency Ethereum (ETH/USD) is trading at 245.16. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ethereum. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 238.00 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 280.50.

Ethereum (ETH/USD) forecast and analysis on September 25, 2018

Ethereum (ETH/USD) forecast and analysis on September 25, 2018

The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 220.50. The abolition of the continuation of Ethereum growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​200.00, which indicates a change in the trend in favor of the bearish for ETH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

Continue Reading
Advertisement
Advertisement