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Tiffany Hayden Claims XRP Price Will Eventually Catch Up With Development!

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In a heated debate on Twitter, Financial advisor and XRP enthusiast Tiffany Hayden was embroiled in a discussion around the price of XRP.

CCN News initially tweeted an article regarding PayPal Director Xapo CEO Wences Casares stating ‘One Bitcoin Could Exceed $1 Million in 7-10 years”

The tweet caught the attention of many followers quite noticeably an XRP supporter who speculated their opinions on XRP’s price.

@xrpdoll tweeted “And 1 XRP could exceed $42,000 in 7-10 years!”

This was then met by a barrage of insults indicating XRP could not reach such price due to its market cap.

Which leads to the questions?

Has the bear market brought out the worst in some Cryptocurrency communities spreading relentless toxicity?

And more importantly…

Will there ever be an end to the continuous division between Bitcoin maximalists and XRP Maximalists?

Tiffany Hayden responded to one of the replies adding;

I know the bear market has been difficult, particularly for people who bought at the peak, but the direction and momentum of $XRP have only increased since then. At some point, the price will *finally* reflect that. And then the haters will all scream “price manipulation!”

It is easy to forget during the 2018 bear market that Ripple was one of the few Cryptocurrency projects making significant progress and paving the way for adoption with financial institutions, banks, and payment providers.

Ripples progress has also been unmatched with the confirmation of partnering with over 200 banks worldwide, over 100 financial institutions around 40 countries in six different continents.

Not to mention…

Equally successful provided liquidity for cross

border payments using XRP and utilizing payment providers such as Mercury FX and Cuallix – Some of the first customers to adopt xRapid to increase payment speed and make it substantially cheaper for their customers.

A key indication of the innovative strides Ripple was making!

Breakthrough XRP Utility and Academic Advancements

While this market traction has had a profound impact on its customers and clients, Ripple’s year of breakthroughs also expanded beyond the cross-border payments use case.

We saw new utility and diversity spread across the XRP ecosystem. Ripple launched the Xpring initiative in May to build infrastructure and drive growth in blockchain through investments and partnerships. In just half a year, Xpring has helped develop several notable blockchain projects, including SB Projects, Coil, Omni and Securitize.

Conclusion

XRP is currently trading at $0.32 against the USD and currently down 90% from its all-time high around $3.40.

However, whilst it’s easy to recognize the current undervalued price of XRP, investors should be aware that the bear market would not last forever.

The Cryptocurrency space moves in cyclical frequencies and eventually, the price of XRP will catch up with the unwavering development that has occurred during this difficult time.

Do you want to know the key to becoming a successful investor in this market?

Having a long-term outlook on the development of Ripple/XRP and acknowledging this is at least a 5-10 year project.

The price of XRP now will truly be a blessing for those that remained patient throughout this period.

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Criptomonedas

Russian Central Bank Head Says “No Obvious Need” to Issue a National Cryptocurrency

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Speaking at the Finopolis forum of innovative financial technologies, Elvira Nabiullina, Russian economist and head of the Central Bank of the country said the regulator doesn’t see a need to issue a national cryptocurrency, reported Russian News Agency, Tass.

“As Russia’s Central Bank, we have been studying this topic and the need to issue a national cryptocurrency is not obvious for us,”

said Nabiullina addressing Deputy Governor of the People’s Bank of China Fan Yifei.

“Not only for technological reasons, but also because it is (difficult) to really estimate what advantages will the national digital currency give, for example, in comparison with existing electronic non-cash payments. There are many risks, and the advantages may not be obvious enough,”

she added.

Back in July, Nabiullina said that one day the institution could launch its own digital currency but

the technology must ensure “reliability and continuity.” But at that time as well, she said that fiat currency settlement systems are improving and already have

“good dynamics.”

She has repeatedly pointed out in the past that the regulator does not support the legalization of cryptocurrencies as a legitimate payment facility.

Earlier the lower house of the Russian parliament, the State Duma adopted a bill on digital assets.

Meanwhile, Fan Yifei said China is exploring the possibility of creating a national cryptocurrency. He believes it is important to cooperate with other countries so that regulatory standards could be developed.

After five years of research, China is finally ready with its cryptocurrency which is expected to launch soon.

Fan YiFei didn’t specify the launch date but said first there is a need to conduct studies and also take into account other countries’ experience.

Source: bitcoinexchangeguide

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1xBit

Cryptocurrencies and esports: reshaping modern gambling

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Over the course of many centuries, gambling has proven to be very versatile and adaptive to innovations. Presently, it is going through the phase of transition from being reliant on brick-and-mortar casinos, with their limited capacity, regulatory issues, and inability to reach a broad audience, to running the operations solely on online platforms. The emergence of blockchain only incentivized the process of digitization of this industry. 

Cryptocurrencies are the next evolutionary step for gambling

While Bitcoin, the first and the most influential cryptocurrency that still exerts total dominance over all other coins, wasn’t created to serve the needs of the gambling industry specifically, it paved the way for other representatives of this space.

Projects like TRON and EOS are fundamentally designed to disrupt the world of gambling by providing it with such tech solutions as provably fair algorithms for casino games, decentralized gambling applications, and, of course, cryptocurrencies to fuel these ecosystems.

But in order to apprehend the benefits of a symbiosis between cryptocurrencies and the industry of gambling, it is necessary to understand what is crypto, how it works, and what it can bring to the table.

A cryptocurrency is a type of digital asset with strong cryptography features at its core, designed to eliminate the need for a trusted third party, such as banks, to confirm and/or carry out the financial transactions. But what makes crypto and gambling go together like peanut butter and jelly is the nearly total anonymity of digital currencies, the promptness and cheapness of transactions, and the substantially enhanced security. While traditional casinos demand plenty of sensitive information from gamblers (i.e., banking details, real name, date of

birth), the crypto enthusiasts have to reveal nothing but public keys when making a deposit/withdrawals. The transactions usually take no longer than a few minutes and are carried out at an almost negligent fee.

These are the primary reasons why the industry is currently witnessing the emergence of all-for-crypto gambling platforms, such as 1xBit which accepts more than 30 cryptocurrencies, assures total anonymity through the provision of the one-click registration, effortless and low-cost deposits/withdrawals, and, of course, an abundance of casino games and sports betting opportunities.

1xBit places a particular emphasis on esports since this up-and-coming phenomenon represents another disruptive factor for the gambling industry that moves in parallel with the adoption of cryptocurrencies.

Esports make the grand entrance

For decades, video games have been considered as nothing more than a form of recreation. However, the rapid development of Internet technologies and the overall sophistication of online games, along with the acquisition of the global audience, had turned this form of activity into a fully-fledged sport. 

Nowadays, world championships in such disciplines as Dota 2, Counter-Strike: Global Offensive, and League of Legends draw millions of spectators from around the globe. The recognition of esports has reached such a level that the International Olympic Committee considers introducing esports to the official program of the 2024 Olympics in Paris. 

Such an unprecedented surge in popularity made esports one of the main destinations for tech-savvy online sports bettors who are well aware of the benefits that cryptocurrencies will bring to this space. The crypto-oriented platforms, particularly 1xBit, took on the task of being a meeting point for cryptocurrencies, esports, and betting. There is no doubt that this combination will shape the future of the gambling industry. 

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China’s CBDC initiative fills private cryptocurrencies’ missing elements

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The latest Binance Research, while showcasing China’s CBDC initiative, highlighted its possibility of being a renminbi (RMB) replacement. Creating a buzz in the context, the report read,

“The People’s Bank of China plans to replace China’s M0 money supply with its CBDC. Several potential improvement areas were discussed as reasons to justify this move including retail payments, interbank clearing and cross-border payments.”

Moreover, as the Chinese CBDC targets to be a substitute for China’s M0 supply, CBDC-holders would not receive any interest from the central bank if it is not parked in any financial institutions. This will ensure that China’s crypto initiative “would not compete with commercial bank deposits, and would not have a noticeable impact on the existing economy in this regard.”

Interestingly enough, China’s CBDC initiative includes

“some of the missing elements” that is predominantly lacked by the private currencies. The two-layer network setup is also speculated to achieve transaction performance of “at least 300,000 transactions per second.”

Source: Binance Research

The above graph displays PBoC’s “one coin, two repositories, and three centers”approach, which was previously proposed by Yao Qian, the former head of PBoC’s Digital Currency Research Institute. Concluding the report, Binance Research mentioned,

“Despite one of the end-goals from this digital currency initiative being to further internationalize the renminbi, it remains to be seen what legislation would apply on cross-border payments.”

While the report uncovers various technical aspects of China’s crypto initiative, it remains unclear whether that individuals, based outside of China, would rely on the Chinese central bank to both maintain a consistent monetary policy and to protect their financial privacy.

.Source: ambcrypto

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