Ripple Price Analysis: XRP/USD Recovers Sharply

Key Highlights Ripple price traded to a new weekly low below $0.4250 before recovering against the US dollar. There is a new major bearish trend line in place with resistance near $0.4450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is recovering nicely, but it has to break the …

‘Digital Currency Is Basically A Fallacy’ Says Finland Central Bank

The Bank of Finland (BoF) has released a 133-page paper arguing the concept of digital currency is an “illusion.” BoF: ‘Fundamental Nature’ Of Digital Currency ‘Elusive’ BoF head of digitalization Aleksi Grym The document, compiled by the Finnish central bank’s head of digitalization Aleksi Grym, claims the world has become “muddled” about the difference between …

Ripple Claims its 50% Share in India is Inroad to Global Market

A representative of Ripple recently discussed the company’s strategy which allowed them to capture 50% of India’s crypto market. Ripple has 50% Share of Indian Market Senior Vice President of Product at Ripple, Asheesh Birla, spoke on a panel at the Wharton School of Business about how Ripple went about gaining a majority market share …

Huobi Heads Down Under — Offers Ten Cryptocurrency/AUD Trading Pairs

Huobi, the fourth largest cryptocurrency exchange platform by volume, has begun operations in Australia. The move comes less than a week after the platform launched its London-based office aimed at serving the EU market.  Huobi Australia Huobi, like its rivals, has been pursuing an aggressive expansion drive as platforms seek to own the greater share …

Hyundai Advertises Blockchain to 30 Million Viewers in World Cup Match

A blockchain advert has been capitalising on the huge attention on the 2018 FIFA World Cup. At half-time during the England 2-0 win over Sweden, the advert by a Hyundai subsidiary proclaimed the benefits of blockchain technology to 30 million viewers. Hyundai Ad Showcases Blockchain A blockchain advert by Hyundai Digital Asset Company (HDAC), presenting …