Ripple Price Analysis – Trend reversal likely

Ripple (XRP) has broken out of it’s sideways consolidation, and retraced the entire breakout. The cryptocurrency’s market cap now stands at US$25 billion, third overall, largely based on its ~100 billion XRP supply.Unlike most cryptocurrencies XRP does not use a Proof of Work or Proof of Stake consensus algorithm but instead uses consensus. For this reason, there are no available mining or staking statistics, but figures are available for transactions per day, which have declined since the beginning of 2017. Most of these transactions represent the OfferCreate function, or currency exchange.

Ripple Price Analysis – Trend reversal likely

Ripple (XRP) has broken out of it’s sideways consolidation, and retraced the entire breakout. The cryptocurrency’s market cap now stands at US$25 billion, third overall, largely based on its ~100 billion XRP supply.Unlike most cryptocurrencies XRP does not use a Proof of Work or Proof of Stake consensus algorithm but instead uses consensus. For this reason, there are no available mining or staking statistics, but figures are available for transactions per day, which have declined since the beginning of 2017. Most of these transactions represent the OfferCreate function, or currency exchange.

Taiwan Takes Proactive Stance on Cryptocurrency, Set to Create “FinTech Sandbox”

TheMerkle_Bitcoin Convenience TaiwanTaiwan will not regulate cryptocurrencies or initial coin offerings, following pro-Bitcoin Japan in fostering the growth of blockchain technology and encouraging economic growth. In a joint session of Parliament and the Cabinet on October 6, 2017, chairman Wellington Koo of Taiwan’s Financial Supervisory Commission announced that Taiwan would move to support the adoption of cryptocurrencies within the country and adopt a friendly stance toward blockchain technology development. The announcement came in response to a request for clarification from Nationalist Kuomintang Party congressman Jason Hsu, who had queried Koo regarding Taiwan’s official stance on cryptocurrencies. In the address, Koo stated that Taiwan would

Xapo Will Support the Chain With the Most Accumulated Difficulty

Bitcoin companies have a difficult decision to make right now. With the upcoming SegWit2x hard fork, tough calls are on the horizon. Not every company wants to support this solution, for obvious reasons. Xapo has explained their stance o the blog earlier this week. Rather than clearly picking one side of the other, the company … Continue reading Xapo Will Support the Chain With the Most Accumulated Difficulty

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