What Pushed XRP up 100% in a Week

In a supernormal rally that almost lost ethereum its silver spot, ripple (XRP) gained about 100 percent in a week. The maximum difference in XRP’s market cap between the week’s lowest and highest level turned out to be almost $19.8 billion. That’s nearly a 184 percent jump. True, the valuation dropped after establishing the weekly peak, but the extent of the drop was low. During the uptrend, the market cap of ripple once even went above the market cap of ethereum. For a short period, XRP was the new silver…

Bitcoin Price Intraday Analysis: BTC/USD Trending Sideways

The bitcoin price on Sunday paused its upside momentum to trend sideways against the US Dollar, fluctuating just about 2 percent between the trading range. BTC/USD over the last week had jumped from its previous weekly low near 6125-fiat to a new weekly high near 6840-fiat. Over the course of last 24 hours, the pair only managed to secure its recent gains while avoiding any bearish pullbacks. That said, the Asian trading session saw minimum momentum, a sentiment that rippled through the entire European trading hours. BTC/USD only formed lower low…

Collaboration With PNC Leads to XRP Surge

In another major milestone for cryptocurrency adoption, United States bank PNC will begin using RippleNet to process international payments for its clients. Ripple made the announcement on Sept. 19, stating that PNC’s Treasury Management unit will be using its xCurrent software solution to expedite cross-border transactions for the bank’s U.S. commercial clients. According to initial reports, xCurrent will allow PNC clients to receive payments instantly, which will change the way companies approach cash flow and account management. The software allows banks to communicate instantly, to confirm payment both before and…

Elon Musk Wants Advice on Twitter Crypto Scammers, the US SEC Wants Comments on BTC ETFs

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Japanese Cryptocurrency Exchange Zaif Hacked Of Reported 5,966 Bitcoins As a result of a security breach on September 14, hackers have managed to steal 4.5 billion yen from Japan’s Zaif cryptocurrency exchange, as well as 2.2 billion yen from the assets of the…

Iceland’s Industry to Shift From Crypto Mining to ‘Pure Blockchain Business,’ Insiders Say

Iceland’s crypto industry is expected to move away from crypto mining and shift to “pure blockchain businesses.” This is according to forecasts made by a number of local industry insiders who talked to the news site Red Herring September 23. Halldór Jörgensson, chairman of Reykjavik-based Borealis Data Center, told Red Herring that demand from local crypto and blockchain facilities is “shifting more towards the pure blockchain business,” rather than focusing on Bitcoin mining. According to Jörgensson, the frenzy around Bitcoin (BTC) mining has declined to a level that is “not…

All But One of Top 20 Cryptos See Green, Bitcoin Safely Above $6,700

Sunday, September 23: crypto markets are seeing another wave of green. All but one of the top 20 cryptocurrencies by market cap have made gains over the past 24 hours, according to CoinMarketCap. Market visualization from Coin360 After suffering a slight decline yesterday, Bitcoin (BTC) rebounded today, trading above $6,700 throughout the day. The cryptocurrency is at $6,734 as of press time, up 0.9 percent on the day. Bitcoin is also up 3.3 percent over the past 7 days, and up 5 percent up on the month. Despite that, Bitcoin’s…

When Blockchains Go Down: Why Crypto Outages Are on the Rise

Berniesanders (not to be confused with former presidential candidate and Vermont Senator Bernie Sanders) is an institution on blockchain-based blogging platform Steemit. Steemit allows content creators to earn crypto – at least, crypto that’s native to the Steem blockchain, of which there are three – for popular posts. While recent successes include waffle recipes, romantic fiction and crypto punditry, berniesanders gets a pretty steady paycheck (about $30 at a time) for his single sentence, self-described “shit posts.” A recent sampling: “Are you having fun? I’m having fun.” ($60), “I’m on a boat!”…

Bitcoin Price Nears $6,800 Resistance as Crypto Market Records Large Gains

Over the past few hours, Bitcoin has recorded a slight 1 percent increase in price, nearing the $6,800 resistance level. The rest of the crypto market recorded large gains across the board as Electroneum and Stellar led the market with 70 percent and 20 percent gains respectively. As CCN reported on September 22, billionaire investor Mike Novogratz laid out $6,800 and $8,800 as major resistance levels for BTC in the short-term. If BTC can break out of the $6,800 mark in the next few hours, it is highly likely for…

Crypto Trading 101: The Moving Average Convergence Divergence

Simple trading methods like the trend-following approach work best when trading cryptocurrencies or financial markets in general. While several technical indicators help identify changes in the strength, momentum, and duration of a trend, none are simpler and more widely used than the Moving Average Convergence Divergence (MACD). By definition, the MACD “turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average.” Since the MACD is a “trend following” or “lagging” indicator, it trails pricing events that have already happened…

BitPesa, SBI Remit Partner for Blockchain Payments Between Japan And Africa

BitPesa, a digital treasury management solution that leverages blockchain settlement to lower the cost and improve the speed of payments to and from frontier markets, has teamed with SBI Remit, Japan’s largest remittance service provider, to make it easier for Africans to buy Japanese products.   The two firms are leveraging blockchain technology to reduce friction, improve efficiency and interoperability for cross-border payments between the two continents. The partnership will help businesses scale faster between Japan and Africa. Conversions Simplified The partnership allows the African customer to deposit funds in…