Veteran Analyst Peter Brandt Scorns ‘XRP’s Bag Holder,’ Compares Ripple to the Fed | Altcoins – Bitcoin News

Posted on July 25, 2020 by admin

Veteran trader Peter Brandt knocked the digital currency XRP on Thursday and compared the crypto token company Ripple to the U.S. Federal Reserve. Brandt said he believes the company behind the coin will double the token supply, and he doesnt understand why otherwise smart people have drank the XRP-Kool-aide.

A number of digital currency investors believe in XRP, the fourth largest crypto asset by market capitalization, is going to be the bridge between banks and cryptocurrency. A number of other crypto enthusiasts despise XRP and think that the distributed ledger is extremely centralized.

Despite the technicals, XRP has a circulating supply of 44 billion tokens each worth $0.20. The tokens value is much higher than the first five years of its existence, when it traded for less than a U.S. penny during much of that period.

On July 23, the veteran trader Peter Brandt discussed XRP with a number of digital currency enthusiasts. Brandt is a well known trader who shares financial analysis and charts on Twitter regularly. Hes made a number of predictions and the analyst has over 364,000 Twitter followers today.

Many crypto enthusiasts follow Brandt because hes bullish about ethereum (ETH) and bitcoin (BTC) and on July 8, the veteran trader said there was a significant breakout in ETH-BTC. Brandt further noted that most alts should gain on bitcoin in [the] near future. Even the founder of Adamant Capital, Tuur Demeester seemed to agree with Brandts assessment.

The discussion that took place Thursday on Twitter was in regard to the crypto asset XRP, as a person was conversing about the XRP Army shills and certain trading techniques. Brandt joined the conversation and his commentary about XRP likened the crypto-asset with the U.S. dollar, and compared the firm Ripple to the U.S. Federal Reserve.

XRP can be compared to the USD, Brandt tweeted. The Fed is the USDs bag holder they can double the supply if they want. The financial analyst further wrote:

Ripple is XRPs bag holder and it WILL double the supply. I cannot believe the number of otherwise smart ppl who have drank XRP Kool-aide.

Of course, members of the XRP Army didnt care for Brandts commentary after he knocked the crypto asset and the company Ripple. One person claimed that Brandts lack of coding knowledge meant that his opinion should be dismissed.

Do you know anything about code? asked a Twitter account clearly upset about Brandts XRP commentary. Its simply not possible. Such a shame that a clueless person has so many followers.

After being harassed by the XRP Army about his recent statements, Brandt further criticized the crypto coins followers. Some things never change I remember the wrath I received when I said beanie babies, hula hoops, and pet rocks would not become a global asset class. Some neighbors did not speak to me for years, Brandt responded. The financial analyst continued by tweeting:

They get so riled up because deep down inside they know I am right. They are the most rabbis of all cultists.

At the time of writing, XRP is swapping for $0.203 per coin and its down 1.3% during the last 24 hours of trading. The last 30 days show XRP is up 11.42%, 90 days the token is up 8.6%, but for the year the coin is down 34%.

Not too long ago XRP was a strong crypto contender, but ever since tether (USDT) started to shine brightly, the token has lost significant momentum. Tether has surpassed XRP by the size of its market cap and it USDT sees a hell of a lot more settlement these days.

What do you think about Peter Brandt comparing XRP to the U.S. dollar and the Fed? Let us know what you think about this subject in the comments section below.

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BTC & ETH on pace to hit transactions worth $1.3 trillion in 2020 – Nairametrics

Posted on July 24, 2020 by admin

Ethereum (ETH) whales have been active lately. Data feed on advanced crypto tracker Whale alert revealed whales moved 935,746 ETH worth $255,458,658 in 8 transactions within minutes showing a large number of transactions taking place in the Ethereum market.

READ: What will you investN1 millioninif you have the following options?

Quick fact; In the ETH industry, traders or investors who own a large number of ETH are typically called ETH whales. This means an ETH whale would be a single Ethereum address owning around 1,000 Ethereum or more.

Data obtained from Coinmarketcap, revealed Ethereum is the second most valuable cryptocurrency with a market capitalization of $30.5 billion, trading at $272.61 up 3.5%, at the time this report was drafted.

READ MORE: $945 millionworth of BTCsoptions expiring this week

Is it time to buy ETH? With ETH finally breaking out of its long $200-$250 daily close range, it is time to revisit its historical model that illustrates the number of times a daily close transition has occurred between psychological support levels.

ETH is sitting in its sweet spot where the most polarization has historically unfolded (between the $200 and $300 levels) during its five-year history. A close above $300 in the near future would be the 42nd instance of the price closing above or below it.

READ ALSO: Satoshi Nakamotos unspent BTCs worth $10.9 billion

ETH is a cryptocurrency designed for decentralized applications and deployment of smart contracts, which are created and operated without any fraud, interruption, control or interference from a third party.

Ethereum is a decentralized system, fully independent, and is not under anybodys authority. It has no pivotal point, and its platform is connected to thousands of its users through their computing system around the world, which means its almost impossible for ETH to go offline.

READ MORE: Aliko Dangote and his slide from $25 billion to $7 billion

Like with many other crypto assets, speculating with Ethereum can be highly profitable and has had a good history of giving its investors huge returns. However, there are also many other options to make income from Ethereum. These options include Ethereum mining, Ethereum faucets, and ETH staking.

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BTC & ETH on pace to hit transactions worth $1.3 trillion in 2020 - Nairametrics

Cryptocurrency Market 2020- Analysis And In-Depth Research On Market Size, Trends, Emerging Growth Factors And Forecast To 2025 – 3rd Watch News

Posted on July 24, 2020 by admin

Global Cryptocurrency Market 2020-2025 is one of the most comprehensive and important additions to Adroit Market Research archive of market research studies. It offers detailed research and analysis of key aspects of the global market. The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the global Cryptocurrency market. The report also analyzes factors such as drivers, restraints, opportunities, and trends affecting the market growth. It evaluates the opportunities and challenges in the market for stakeholders and provides particulars of the competitive landscape for market leaders.

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The analysis is likely to create in-depth analysis predicated on preceding questions and comprehensive research regarding the evolution setting, market dimensions, development tendency, performance status and future development tendency of Cryptocurrency market on based on saying current position 2020 therefore as to create complete organization and decision on your contest situation and development tendency of global Cryptocurrency market and assist brands and investment company to grasp the growth span of the market.

Top Leading Key Players are:

BitFury Group Limited, Microsoft Corporation, Ripple Labs Inc., Intel Corporation, Advanced Micro Devices Inc., Coinbase Ltd., NVIDIA Corporation, AlphaPoint Corporation, BitGo, Xilinx Inc. and BTL Group Ltd. among others.

Read complete report with TOC at:https://www.adroitmarketresearch.com/industry-reports/cryptocurrency-market

Cryptocurrency market is split by Type and by Application. For the period 2020-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets. Cryptocurrency market competitive landscape provides details by vendors, including company overview, company total revenue, market potential, global presence, sales and revenue generated, market share, price, production sites and facilities, SWOT analysis.

Global Cryptocurrency market is segmented based by type, application and region.

Based on Type, the market has been segmented into:

Component Segment

HardwareFPGAGPUASICWalletOthersSoftwareMining PlatformBlockchainCoin WalletExchangeType SegmentEthereumBitcoinLitecoinDashcoinRipple (XRP)OthersEnd-User Industry SegmentMedia & entertainmentRemittanceE-commerce & retailPeer-to-peer paymentOthers.

Cryptocurrency market study further highlights the segmentation of the Cryptocurrency industry on a global distribution. The report focuses on regions of North America, Europe, Asia, and the Rest of the World in terms of developing business trends, preferred market channels, investment feasibility, long term investments, and environmental analysis. The Cryptocurrency market report also calls attention to investigate product capacity, product price, profit streams, supply to demand ratio, production and market growth rate, and a projected growth forecast.

In addition, the Cryptocurrency market study also covers several factors such as market status, key market trends, growth forecast, and growth opportunities. Furthermore, we analyze the challenges faced by the Cryptocurrency market in terms of global and regional basis. The study also encompasses a number of opportunities and emerging trends which are considered by considering their impact on the global scale in acquiring a majority of the market share.

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Tether Treasury mints 120 million USDT – Nairametrics

Posted on July 24, 2020 by admin

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Why it is time to invest in Ethereum – Nairametrics

Posted on July 24, 2020 by admin

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Cryptocurrency Mining Hardware Market Segmentation By Qualitative And Quantitative Research Incorporating Impact Of Economic and Non-Economic Aspects…

Posted on July 24, 2020 by admin

New Jersey, United States,- The recent report on Cryptocurrency Mining Hardware Market offered by Verified Market Research, comprises of a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the Cryptocurrency Mining Hardware market.

This is the most recent report inclusive of the COVID-19 effects on the functioning of the market. It is well known that some changes, for the worse, were administered by the pandemic on all industries. The current scenario of the business sector and pandemics impact on the past and future of the industry are covered in this report.

In market segmentation by manufacturers, the report covers the following companies-

Exploring the growth rate over a period

Business owners looking to scale up their business can refer this report that contains data regarding the rise in sales within a given consumer base for the forecast period, 2020 to 2027. Product owners can use this information along with the driving factors such as demographics and revenue generated from other products discussed in the report to get a better analysis of their products and services. Besides, the research analysts have compared the market growth rate with product sales to enable business owners to determine the success or failure of a specific product or service.

By Type

Type 1

Type 2

By Application

Application1

Application 2

Global Cryptocurrency Mining Hardware Market Report 2020 Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Cryptocurrency Mining Hardware industry.

The report at a glance

The Cryptocurrency Mining Hardware market report focuses on economic developments and consumer spending trends across different countries for the forecast period 2019 to 2026. The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Cryptocurrency Mining Hardware industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.

Market segment by Region/Country including:

North America (United States, Canada and Mexico)Europe (Germany, UK, France, Italy, Russia and Spain etc.)Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)South America (Brazil, Argentina, Colombia and Chile etc.)Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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To summarize, the global Cryptocurrency Mining Hardware market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.

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Cryptocurrency Payment Apps Market Overall Study 2020 Includes Size, Types, Application, Region Opportunities, Revenue with Impact of COVID-19 and…

Posted on July 24, 2020 by admin

TheCryptocurrency Payment Apps Marketcarries out financial changes that occur year by years in market, with information about upcoming opportunities and risk to keeps you ahead of competitors. The report also describes top company profiles that present in market with trends worldwide. This research guided you for extending business.

The Cryptocurrency Payment Apps Market report is one of the most comprehensive and important data about business strategies, qualitative and quantitative analysis of Global Market. It offers detailed research and analysis of key aspects of the Cryptocurrency Payment Apps market. The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the Cryptocurrency Payment Apps market.

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Top Key Players involved in Cryptocurrency Payment Apps Industry are:Coinbase, Paytomat, Coinomi, BitPay, GoCoin, Circle Internet Financial, Simple Mega Solutions, Cryptopay, Blockonomics, CoinGate, Delta Consultants, Rodman Law Group, ZuPago HyBrid (HD) Wallet, GetSmarter, Bisq, B2BinPay, Myethshop, Apirone

The report begins with a brief introduction and market overview, in which the Cryptocurrency Payment Apps industry is first defined before estimating its market scope and size. Next, the report elaborates on the market scope and market size estimation. This is followed by an overview of the market segmentations such as type, application, and region. The drivers, limitations, and opportunities are listed for the Cryptocurrency Payment Apps industry, followed by industry news and policies.

The report offers an exhaustive geographical analysis of the Global Cryptocurrency Payment Apps Market, covering important regions Such as:North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Global Cryptocurrency Payment Apps market is presented to the readers as a holistic snapshot of the competitive landscape within the given forecast period. It presents a comparative detailed analysis of the all regional and player segments, offering readers a better knowledge of where areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.

The Global Cryptocurrency Payment Apps Market is gaining pace and businesses have started understanding the benefits of analytics in the present day highly dynamic business environment. The market has witnessed several important developments over the past few years, with mounting volumes of business data and the shift from traditional data analysis platforms to self-service business analytics being some of the most prominent ones.

For the future period, sound forecasts on market value and volume are offered for each type and application. In the same period, the report also provides a detailed analysis of market value and consumption for each region. These insights are helpful in devising strategies for the future and take necessary steps. New project investment feasibility analysis and SWOT analysis are offered along with insights on industry barriers. Research findings and conclusions are mentioned at the end.

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Table of Content:Chapter 1 Industry OverviewChapter 2 Major Segmentation (Classification, Application and etc.) AnalysisChapter 3 Production Market AnalysisChapter 4 Sales Market AnalysisChapter 5 Consumption Market AnalysisChapter 6 Production, Sales and Consumption Market Comparison AnalysisChapter 7 Major Manufacturers Production and Sales Market Comparison AnalysisChapter 8 Competition Analysis by PlayersChapter 9 Marketing Channel AnalysisChapter 10 New Project Investment Feasibility AnalysisChapter 11 Manufacturing Cost AnalysisChapter 12 Industrial Chain, Sourcing Strategy and Downstream BuyersChapter 13 Marketing Strategy Analysis, Distributors/TradersChapter 14 Global and Regional Market ForecastChapter 15 Major Manufacturers AnalysisChapter 16 Market DynamicsChapter 17 Market Effect Factors AnalysisChapter 18 Conclusions

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Value of Cryptocurrency Market Predicted to Surpass US$ by the of 2017 2025 – 3rd Watch News

Posted on July 23, 2020 by admin

According to the latest report published by PMR, the Cryptocurrency market is anticipated to grow at a steady pace over the forecast period (2019-2029). The report sheds light on the various trends and restraining factors that are expected to shape the growth of the Cryptocurrency in the upcoming years. The report ponders over the various parameters that are expected to impact revenue generation, sales, and demand for the Cryptocurrency in the various regional markets.

According to the study, the Cryptocurrency market is likely to attain a market value of ~US$ XX by 2019 and grow at a CAGR of ~XX% during the assessment period. The market study introspects the competition landscape of the Cryptocurrency market and highlights the key developments and technological innovations witnessed in the current Cryptocurrency market landscape.

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Key findings of the Cryptocurrency market report:

Cryptocurrency Market Segmentation

The report dissects the Cryptocurrency market into different segments to provide a fair understanding of the different aspects of the Cryptocurrency market.

The regional analysis of the Cryptocurrency market sheds light on the growth prospects of the Cryptocurrency market in different regions. The current market trends, the impact of regulatory policies, market share, size, and value of each regional market are presented in the report supported by easy-to-understand graphs and tables.

key players and product offerings

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Cryptocurrency News Update: Bitcoin bulls clear another barrier amid inflow of institutional money – FXStreet

Posted on July 23, 2020 by admin

Markets:

BTC/USD hit the intraday high at $9,549 during early Asian hours and retreated to $9,500 by press time. The first digital coin has gained 1.6% on a day-to-day basis and barely changed since the start of the day, moving within a short-term bearish trend amid shrinking volatility.

At the time of writing, ETH/USD is changing hands at $262.90. The price touched the intraday high of $266.49 during early Asian hours but failed to hold the ground. ETH/USD has gained over 7% in the recent 24 hours and stayed unchanged since the start of the day. The coin is moving within a short-term bullish trend amid shrinking volatility.

XRP/USD is changing hands at $0.2057. The price settles above $0.2000 and hit the intraday high of $0.2057 on Thursday. The coin is moving within the short-term bearish trend amid low volatility.

Among the 100 most important cryptocurrencies, Reserve Rights (RSR) $0.0121 (+11.7%), DigiByte (DGB) $0.0229 (+9.5%), Elrond (LUNA) $0.3878 (+8.6%) are the most successful. The day's losers are Ampleforth (AMPL) $1.85 (-26.9%), iExec RLC (RLC) $1.29 (-9.4%), Velas (VLX) $0.0633 (-8.5%)

Chart of the day:ETH/USD, 30-min chart

Market

Bitcoin futures open interest has grown by 16% to nearly $450 million on the Chicago-based CME, according to the statistical data provided by Skew. The recovery from July's low may signal the inflow of institutional money in Bitcoin after a prolonged period of inactivity. Open interest (OI) hit an all-time high above $500 million in May as the market recovered from a sharp collapse in March. However, low volatility and decreasing trading volumes in led to OI decline on July.

Industry

Visa outlined its cryptocurrency-related strategy in a recent blog post. The payment giant strives to preserve its leading role as a global innovation leader and plans to develop a partnership relationship with cryptocurrency companies.

Visa outlined key values that would shape its cryptocurrency approach. Namely, the company emphasized the importance of security and customer data privacy. Also, the company plan to stay agnostic currency- and network-agnostic to support the digital currencies and blockchain networks that the clients and partners demand.

The UK-based cryptocurrency hedge-fund Prime Factor Capital closed its doors due to the lack of investors' interest. The Fund was launched in 2018 by former BlackRock executives and obtained regulatory approval in 2019. However, the founders are in the process of liquidation, the Financial News reports, citing people familiar with the matter.

We can confirm that the fund, despite having delivered an average monthly performance in excess of 4%, is being wound down due to insufficient demand from institutional investors,said Nic Niedermowwe, Prime Factors chief executive.

Regulation

According to Senior Deputy Comptroller and Senior Counsel, Jonathan Gould from the Office of the Comptroller of the Currency (OCC), nationally chartered banks areallowed to provide custody services for digital assets. Namely, they can hold private keys for a cryptocurrency wallet. This move makes an important development for the industry as it means that national banks will be able to hold cryptocurrencies for their customers.

Providing custody for cryptocurrencies would differ in several respects from other custody activities, OCC explains in the letter. The OCC recognizes that, as the financial markets become increasingly technological, there will likely be an increasing need for banks and other service providers to leverage new technology and innovative ways to provide traditional services on behalf of customers.

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Cryptocurrency News Update: Bitcoin bulls clear another barrier amid inflow of institutional money - FXStreet

Concern and Alarm? XRP Investors Debate Future of Top Cryptocurrency and Payments Startup Ripple – The Daily Hodl

Posted on July 23, 2020 by admin

XRP investors are voicing their concerns about the top crypto asset.

After a brief price surge to about $0.344 in mid-February, Ripples native cryptocurrency has since dropped back to Earth. The fourth-ranked digital asset by market capitalization has seen gains of about 5% in 2020, trading around $0.20 at the time of writing.

The modest increase pales in comparison to Bitcoin, which has seen gains of about 32%, and Ethereum, which has surged 101% on the year.

With the price of XRP seemingly in purgatory, a Redditor is asking whether anyone is concerned and alarmed with the constant pivoting and lack of clarity from Ripple. The San Francisco payments startup owns more than half of the total supply of XRP and is pushing for adoption of the cryptocurrency on multiple fronts.

Last year the deal with MoneyGram per [Ripple CEO Brad Garlinghouse] was a game changer and bigger deal than Libra, this year. it was just a pilot. Years ago we per Brad focused on cross border payments now its decentralized exchanges with a five-year goal? Dozens of banks will hold XRP? 300 plus customers in 40 countries? Customers of what? What are they paying for? [Zero] clarification? To me Ripple seems aimless, having a great product but trying to find something its good for.

Some Redditors countered by pinning the blame on the U.S. Securities and Exchange Commission for not providing clearer regulations. They say Ripple is hamstrung by the ongoing unregistered-security lawsuits.

But the original poster and others are skeptical that regulatory factors are keeping XRPs success at bay, arguing that Ripples XRP-powered cross-border payments product, On-Demand Liquidity, still hasnt taken off in regions where there is regulatory clarity.

Banks and financial institutions in countries that do have regulatory clarity still arent rushing to get on board with ODL. Its becoming more clear that no one really is interested in ODL. Time to start throwing this shit at a different walk to see if it sticks.

More optimistic Redditors are pointing to Ripples partnership with the financial titan SBI Holdings as a sign of whats to come. The companies are gearing up to launch ODL in Asia later this year.

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Concern and Alarm? XRP Investors Debate Future of Top Cryptocurrency and Payments Startup Ripple - The Daily Hodl