Ripple Is Up. So Why Is Its Cofounder Selling His XRP Tokens?
Ripple Is Up. So Why Is Its Cofounder Selling His XRP Tokens?
Ripple Welcomes PNC Bank into RippleNet
27 September, 2018, 09:25
Despite the possibilities, only a few blockchains have been deployed in the payment sector and Ripple's technology has been at the heart of adoption in this industry. Ripple has so far avoided being labeled a security Several ongoing lawsuits allege that Ripple is a security.
Ripple is one of the biggest gainers as the market shift from red to green, by gaining 20% within 12 hours.
Pulling back through the morning, Bitcoin Cash fell to an intraday low $469.7, steering clear of the first major support level at $463.87 before partially recovering late in the day.
What Made Ripple Go Up? Ripple inked a deal with a division of PNC Financial Services Group Inc., which reportedly will use Ripple's xCurrent product to process global payments. Sagar Sarbhai who is the head of regulatory relations for the Asia Pacific and Middle East for Ripple talked to CNBC and mentioned that the xRapid product is going to be available for commercial applications. With this process, banks are making more money. According to NewsBTC analysis Ripple is showing strong bullish trends, as more bulls join Ripple.
"I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production". These collaborations are essential in providing the ecosystem in order to facilitate xRapid. How exactly does it work?
Are we putting too much stock in Ripple's pending xRapid release?
Thibodeau tried to convince Butler to stay with Wolves
But it's another if Thibodeau really is trying to hold onto Butler and ignoring what his boss has told him to do. Only time will tell whether or not the Heat are able to make the most attractive offer and get the deal one.
Oil prices slip after Trump criticizes OPEC
OPEC members will meet with non-Opec countries, such as Russian Federation , over the weekend to examine their production quotas. It is unclear whether producers such as Saudi Arabia , Iraq and Russian Federation can compensate for lost supply.
Although nearly all markets are in the green today, the dramatic price surge in Ripple buying seems to have prompted by announcements earlier in the week about the xRapid payment system, along with news that PNC bank will be using the Ripple network to facilitate worldwide transfers. "How do we circumvent banks?'" This attitude has helped Ripple gain crucial partnerships with important financial players.
The company has struck deals with various high-profile financial institutions, including Santander and American Express.
Bitso is a Mexican Bitcoinexchange that allows users to purchase crypto in more than 135,000 locations across the country, and make transactions with their bank accounts instantly, without cost. However, Ripple then answered that the sample was quite small to see a difference.
Virtual currencies have struggled to gain a foothold among institutions in part because most banks and payment companies experimenting with blockchain technology don't consider it necessary to use digital coins for the transactions. This is the highest XRP has gone to since mid-July, when the price was $0.51 before a steep slump of 43 percent until Tuesday, as tracked by CoinMarketCap.
"xRapid on the other hand, leverages communication systems to allow institutions to settle inter-bank transactions using the XRP digital asset".
The Sunday session was a relatively quiet one for Bitcoin, with the coin mostly hovering in the low $6,700 area.
Called the Oculus Quest, this VR headset will provide six degrees of freedom and will come with Oculus Touch wireless controllers. There's been a lot of buzz surrounding Project Santa Cruz , the upcoming standalone VR HMD from the crew at Oculus.
Wawrinka quickly broke but 29-year-old Slovak produced the deciding break in the 11th game to win the set and the match. "I didn't want to try to overpower her because she just has more power than me", said Pliskova .
The news comes after Pogba appeared to call out Mourinho's tactics vs Wolves, insisting they were too negative. Mourinho was said to be furious with Pogba after his mistake cost United the three points against Wolves.
The addition of Butler would also increase New York's chances of bringing another star, most notably Kyrie Irving , to NY . It's unclear what kind of return Taylor is looking for in a Butler trade or what other teams are offering.
Japan's space agency has managed to surpass ESA's achievement of landing a craft on an asteroid by landing two rovers on another. Two tiny robots dispatched to the surface of an asteroid from a Japanese spacecraft have sent home their first photos.
French President Emmanuel Macron said that sanctions and containment were not solutions to the Iranian issue. But the United States will learn from its mistake sooner or later and will return to the deal , he noted.
The developments could also determine the fate of Mr Kavanaugh's confirmation, which hangs on the votes of a handful of senators. Ford of course will never forget this gathering because of what happened to her there". "We were sitting in a circle", she said.
Cesar Azpilicueta, a two-time Premier League victor with Chelsea , said they must try to challenge for the title this season. Chelsea go to Anfield in the Carabao Cup on Wednesday, before a league meeting at Stamford Bridge on Saturday.
OPEC, allies agree not to further increase oil production
OPEC also ignored US President Trump's request to lower oil prices by increasing output, keeping oil prices well supported. Oil is maintaining strong bullish momentum, with daily MA's in full bullish configuration, supporting the advance.
PM Netanyahu Meets with US President Donald Trump in NY
And Trump's claim comes amid an escalation of tensions between Washington and Beijing, spurred by their growing trade dispute. China retaliated with equal tariffs on $ 34 billion in USA goods, including on soybeans, wheat, corn, sorghum and beef.
Weather Authority: Rain showers likely on Tuesday
Another weak cold front moves through midweek with a better chance for some scattered showers and thundershowers Wednesday . This change in wind speed is called speed shear, and increases the chance for organized severe thunderstorms.
Team World socks it to Federer-Djokovic at Laver Cup
It will most likely spend the year at the International Tennis Hall of Fame in Newport, R.I., a tournament spokesperson said. Defending champion Europe needs 13 points to take the title, which is being held for the second time.
Lovren and Mignolet to return to action for Liverpool
You can not forget Chelsea in the title race - they know how it works and that's a really good, really strong football team'. However, there is good news for Liverpool as Dejan Lovren is now available for selection again following a pelvic injury.
US warns Russia over missile defense for Syria
When the F-16 was targeted by a Syrian missile it suddenly veered off, resulting in the missile homing in on the bigger target. According to the statement, Putin reiterated that Russia holds Israel responsible for the downing of the Russian plane.
China plans import tariff cuts as soon as October
The 10 percent tariff is to be implemented by September 24, which will increase to 25 percent by the end of the year. Such a move would mean roughly all of China's exports to the United States would be subject to new duties.
Bill Cosby sent to prison for 3 to 10 years
She testified that Cosby has a mental disorder that attracts him to non-consenting women, and that "he is likely to re-offend". Montgomery County District Attorney Kevin Steele rejected the notion that "age, infirmity, should somehow equate to mercy".
Woods earns first win since 2013; Rose claims FedEx Cup
Woods eventually won by two shots with victory all-but guaranteed by a trademark, laser-like iron approach to the final hole. He started the final round at 12-under, three shots ahead of Rory McIlroy , who grew up idolizing Tiger , and Justin Rose.
Cowboys get beat down by Seahawks
In case anyone was unsure of the motivation behind Thomas's act, which earned Seattle a penalty, he spelled it out after the game. Last season, Earl Thomas told the Cowboys to come and get him.