Ripple Price (XRP) Makes Strong Intraday Rally on xRapid Launch

Ripple (XRP) rallied again for an intraday high near $0.60 as the San Francisco-based blockchain startup announced the commercial release of xRapid, its cryptocurrency-powered enterprise blockchain product. The announcement makes clear that xRapid is “commercially available and moving into production with multiple customers.” XRP/USD | Bitstamp The company’s update names three business customers for xRapid: MercuryFX, Cuallix, and Catalyst Corporate Federal Credit Union. Additionally, the post implies that there are more customers signing on as well. The draw for these customers has been what Ripple has touted as their main solutions: fast…

Ripple’s xRapid Payments Solution is Now Commercially Available

Ripple’s real-time settlement platform xRapid is now commercially available, according to an announcement published October 1. xRapid is a platform designed to speed up international payments, while eliminating the need for a pre-funded nostro account. The product purportedly sources liquidity from digital currency XRP on exchanges globally, making cross-border transactions faster and cheaper compared to traditional methods. The pilot phase of xRapid was launched in May, with the participation of financial institutions and payment providers, such as MercuryFX and Cuallix. The participants in the pilot reported transaction savings of 40–70…

Institutional Investors the Largest Buyers of Crypto Transactions Over $100K

Institutional investors have replaced high net-worth individuals as the biggest buyers of cryptocurrency transactions worth over $100,000, Bloomberg reported October 1. According to Bloomberg, traditional investors and buyers such as hedge funds have become more involved into the $220 billion cryptocurrency market through private transactions. Bloomberg also notes that miners — the biggest sellers on the market — have begun scheduling regular coin sales instead of holding or offloading them during market rallies. Bobby Cho, global head of trading at the Chicago-based cryptocurrency trading unit of DRW Holdings LLC, Cumberland,…

Did Ethereum Bottom Out at $170? Worst Part of ETH Drop May be Over

On Sept. 12, Ethereum (ETH) dipped below the $170 mark, dropping to $166 to hit its lowest point of the year. Since then, within a 30-day period, ETH has shown promising recovery in its volume and momentum, rebounding from $166 to $230. Last week, on Sept. 23, the Ethereum price achieved $255. Worst Part of the Drop is Over The unexpectedly rapid growth of the initial coin offering (ICO) market in mid-2017 led many analysts to speculate that the price drop of ETH was largely triggered by the sell-off of…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, Dash: Price Analysis, October 1

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Discussions on blockchain and cryptocurrencies have entered the United Nation’s General Assembly. In his recent address, Malta’s Prime Minister Joseph Muscat has said that cryptocurrencies and blockchain can solve several problems and will become the money of the future. This year, Malta has positioned…

Lacklustre Markets See Bitcoin Dip Below $6,600, Top Altcoins See Minor Losses

Monday, October 1: crypto markets today are shaky and largely red, with Ripple (XRP) losing the most among the large-market-cap coins and most altcoins hit with modest losses on the day, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is down just over half a percent on the day, trading around $6,550 as of press time. Following an intra-week high of $6,783, the top coin has seen depressed price performance, dipping as low as $6,500 before recovering back to trade range bound around $6,600. On its weekly…

FT Highlights Crypto as One of Last 10 Years’ ‘Biggest Changes’ in Financial Markets

The Financial Times (FT) has released a Special Report on global financial markets Monday, October 1. In the report, FT dedicated two out of six sections to the cryptocurrency industry. In their report entitled “Exchanges, Trading and Clearing,” FT names cryptocurrency alongside such phenomena as Brexit and the emergence of new markets as “some of the biggest changes” in financial markets over the past ten years. One of the two crypto-focused articles in the report, entitled “Crypto exchanges must face up to responsibilities as they mature,” provides an overview of…

Deloitte Outlines Five Major Obstacles to Blockchain’s Mainstream Adoption

“Big Four” audit and consulting firm Deloitte has outlined five basic areas of development for blockchain technology in order achieve widespread adoption, according to a study published September 28. According to Deloitte, in order to be adopted by enterprises on a mass scale, blockchain technology should overcome five major obstacles – the possibility of time-consuming operations, lack of standardization, high costs and complexity blockchain applications, regulatory uncertainty, as well as the absence of collaboration between blockchain-related firms. Identifying the area that needs the most development, Deloitte singled out the problem…

Bitcoin Ends September With Lowest Price Volatility Seen in 15 Months

Bitcoin traded in a range of just under $1,500 over the course of the month of September, its narrowest monthly trading range since July 2017, data reveals. At close of trading Sunday, bitcoin (BTC) officially ended the 30-day period with a trading range of $1,329, with prices oscillating between a low of $6,100 and a high of $7,429. Overall, this was the lowest one-month range since July 2017, when bitcoin traded in a $1,095.8 window, according to data from Bitfinex. Further, the monthly trading volume throughout September marked its lowest amount…

ConsenSys Invests in Blockchain Startup Founded by ‘Rival’ R3’s Former Execs

Ethereum (ETH) co-founder Joe Lubin has made a $6.5 million investment to secure a minority stake in enterprise distributed ledger (DLT) startup DrumG Technologies, Forbes reports October 1. Lubin’s investment comes via his blockchain startup ConsenSys, and is notable given that DrumG Technologies is headed by senior level executives from the ostensibly rival blockchain consortium R3. Lubin will reportedly join as an outside member on DrumG’s board of directors, and reciprocally, DrumG will have a “significant presence” within the ConsenSys ecosystem. As Forbes notes, DrumG was founded in response to…