Bitcoin (BTC) price has seen a significant increase in 2019 (by more than 100%), while altcoins are actually down significantly from the beginning of the year. Moreover, most altcoin/BTC pairs have been hitting new lows, and many of the coins are still trending downwards, looking for potential support. Crypto market daily performance. Source: Coin360 One of these coins is XRP (XRP), which has seen a decrease of 50% over the year, going from $0.39 to $0.195. Will 2020 be a similar year for XRP and altcoins, or can we see a switch in momentum? A new analysis is warranted. XRP …

A senior executive at blockchain payment network Ripple has publicly defended the company against fresh criticism of its associated cryptocurrency, XRP. In an ongoing Twitter debate, David Schwartz, Ripple’s chief technology officer, rebuffed a claim that XRP was designed as a revenue stream for the company. Schwartz: XRP does not make Ripple richer The argument followed further tweets from sources including ex-Bitcoin Core developer Peter Todd, who alleged Ripple’s partners had told him they were not prepared to use XRP. Schwartz protested: “Nobody buys XRP to give Ripple money to do things.” XRP investors have felt the pinch in recent …

Altcoins dropped severely during the recent retracement of Bitcoin (BTC) price to $6,400, which increased Bitcoin’s dominance above 70%. One of these coins is XRP, which took a hit of 20% and is currently valued at $0.19 per coin — or the lowest value in over two years — after hitting as low as $0.178. Crypto market daily performance. Source: Coin360 Nevertheless, the blockchain payments firm behind XRP, Ripple, just announced that it raised another $200 million in funding. Aside from that, they claimed to have ”the strongest year of growth to date in 2019.” But the question for XRP …

Tuesday Dec. 17 - Bitcoin (BTC) is retracing rapidly from around the $6,950 price mark to below $6,600 in the past few hours. Cryptocurrency market daily overview. Source: Coin360 Bitcoin price is taking a painful nosedive, dropping close to $350 in just a few hours. BTC started the day at $6,915, at which point the world’s largest crypto coin continued to trade sideways before crashing down to its current trading price below the $6,600 price mark. BTC is showing a loss of nearly 5% for the day. Bitcoin daily price chart. Source: Coin360 BTC at $2,800 could be next Cointelegraph …

The New York Digital Investment Group LLC (NYDIG) has received approval from the United States Securities and Exchange Commission (SEC) to offer its shares to institutional investors, including registered investment advisers, their clients and other eligible investors. The fund aims to invest in cash-settled BTC futures traded on exchanges that are registered with the U.S. Commodity Futures Trading Commission. Though the increasing number of offerings by various companies targeting the institutional investor is a positive sign, the larger players have been slow to invest in the space due to regulatory concerns and high volatility. Crypto market data weekly view. Source: …

Japanese financial services giant SBI Holdings is considering to pay shareholder dividends in the form of XRP tokens, following the same practice by its subsidiary MorningStar. After MorningStar started offering its shareholders dividends in XRP earlier this year, SBI CEO Yoshitaka Kitao revealed that the company is now considering to follow suit, Cointelegraph Japan reported on Dec. 5. SBI would launch the program during the fiscal year ending in March 2020, with Kitao further stating that it is opt-in. MorningStar’s XRP dividends grew SBI's crypto business MorningStar Japan, an independent financial investment research firm, first revealed its plans to incorporate …

Tuesday Dec. 3 — Most cryptocurrencies continue trading sideways, including Bitcoin (BTC) which has not been able to find higher trading levels in the past few days. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day at $7,344, at which point the world’s largest crypto coin found an intra-day low of $7,230 before moving up again to the exact same trading price near $7,340. After a sluggish 24 hours, BTC is showing a gain of 0.5% for the day. Bitcoin daily price chart. Source: Coin360 Bears target BTC at $5,000 Cointelegraph contributor Benjamin Pirus wrote that after BTC’s corrective …

Whale Alert, the ever-vigilant live tracker for cryptocurrency transactions, noted that Ripple transferred a total of 1 billion XRP tokens from its escrow wallet on Dec. 2. The blockchain-based payments firm moved the massive amount of tokens in two separate transactions, worth around $219 million in total as of press time. Interestingly, the company transferred the exact same amount of tokens back into escrow only seven minutes later, this time in three separate transactions. Is Ripple crashing the token’s price? This isn’t the first time that Ripple has executed such enormous transactions. The practice has raised concerns among the XRP …

It’s the clichéd rhetoric of choice for anyone seeking to discredit crypto. An ace in the hole for any argument against its proliferation. The go-to thesis for those who know very little about cryptocurrency but wish to appear otherwise. The idea that cryptocurrencies are solely utilized within illicit activities has become both a tool for mass media to disparage the industry and, for many, a reason to steer well clear. But besides being a tired stereotype, it may also be true. That’s one of the prevailing problems with stereotypes: While many derive from truth, they often represent an oversimplified — …

Wednesday, Nov. 27 — Crypto markets continue to improve, with Bitcoin (BTC) showing signs of recovery as it finds its way back above the $7,500 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day at $7,190, at which point the world’s largest crypto coin found an intra-day low of $6,900 before moving up again to its current trading price near $7,540. After a rollercoaster 24 hours, BTC is showing an impressive gain of more than 5% for the day. Bitcoin daily price chart. Source: Coin360 Bitcoin’s next target could be $8,100 According to Cointelegraph contributor Horus Hughes, …

Tuesday Nov. 26 — Most cryptocurrencies are back to trading sideways, including Bitcoin (BTC) which has not been able to find higher trading levels in the past 24 hours. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day at the $7,140 price mark, at which point the world’s largest crypto coin found an intra-day high of $7,320, before moving down again towards its current trading price near $7,190. After an unimpressive 24 hours, BTC is showing a minor gain of 0.05% on the day. BTC is still down around 12% from the weekly open of $8,200, while, over the …

Monday, Nov. 25 — Cryptocurrency markets are showing mild signs of recovery, while Bitcoin (BTC) is fighting to stay above the $7,100 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day just above the $7,100 price mark, at which point the world’s largest crypto coin bounced off a local low of $6,560, before moving up again to its current trading price near $7,150. After a tumultuous 24 hours, BTC is showing a minor gain of just under 1% on the day. BTC is down around 12% from the weekly open of $8,100, while, over the month, investors …