The cryptocurrency markets posted strong gains over the weekend and in the earlier part of the week with the total market cap now approaching the $300 billion mark. Bitcoin was significantly higher over the weekend period, reaching the $6,600 mark on Monday – a rise of almost 6%.Other leading cryptocurrencies also experienced strong gains. Ripple was up by well over 10% to … [Read more...] about Cryptocurrency Markets Post Strong Gains
Both Bitcoin (BTC) and Ethereum (ETH) have been given the all clear by the SEC who indicated that they are not securities, but the question 'Is Ripple a Currency or Commodity?' has yet to be answered.The news over BTC and ETH comes as a huge relief after years of uncertainty in the realm of cryptocurrency regulation. But no mention was made of Ripple (XRP), the third … [Read more...] about Is Ripple a Currency or a Commodity?
The bank accounts of 90,000 customers have been compromised. The two large Canadian banks hacked are Bank of Montreal and Simplii Financial. The Bank of Montreal released a press release on the 27th of May 2018, regarding the matter.“On Sunday, May 27, fraudsters contacted BMO claiming that they were in possession of certain personal and financial information for a limited … [Read more...] about Canadian Banks Hacked – Ransom Demanded in XRP
The Spanish bank, Santander, has just released a new service for same-day international money transfers based on technology developed by Ripple across four countries. This significantly reduces transaction times and costs for cross-border payments that currently are inefficient and expensive to conduct. The service, which is known as “Santander One Pay FX,” will be available in … [Read more...] about Santander Launches Blockchain Solution Using Ripple Technology
The issuers of the world’s third largest digital currency, Ripple, have called for the United Kingdom to follow Japan’s regulatory lead and bring some order to the “wild west” of the cryptocurrency market.After a difficult start to 2018, calls for the regulation of cryptocurrency and related services have been widespread. Financial watchdogs, governments, and investors … [Read more...] about Ripple Urges UK to Follow Japan’s Regulatory Lead
The distinction of whether a digital asset is a utility or security token is crucial as many ICOs have found out to their cost. If the U.S. Securities and Exchange Commission (SEC) consider the digital asset to be a security token, it will be in the same classification as traditional stocks and shares in a trading company. The SEC was formed in 1934 with one of its main aims … [Read more...] about Ripple Offered Financial Incentives to Gemini and Coinbase for Exchange Listings