Ripple Price (XRP) Records 16% Rally as Cryptocurrency Market Booms

A bullish correction has “rippled” across the cryptocurrency market today, with the ripple price (XRP) leading a widespread altcoin comeback. Ripple Price Marches Back The XRP/USD trading pair on Friday jumped more than 16 percent, rising from 0.29065-fiat to 0.32853-fiat. The upside adds up to a 37 percent increase since the pair established its bottom at 0.24711-fiat. At the same time, the XRP market cap is now just shy of $13 billion. XRP/USD | Bitfinex The rally coincides with one of the Ripple Labs’ latest announcement concerning their plans to strengthen…

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All Top 10 Cryptocurrencies in Green, Bitcoin Breaks $6,500

Friday, Aug. 17: all top ten cryptocurrencies by market cap have seen green today, with Ripple (XRP) and EOS up over 15 percent over the past 24 hours, according to Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) keeps gaining momentum, seeing a steady growth today with its price hovering around $6,500 point. The top cryptocurrency is trading at $6,495 at press time, up around 3.6 percent over a 24 hour period. Having plunged to as low as $5,961 earlier this week, Bitcoin is holding its weekly gains, up almost 7…

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Blockchain Used to Trace Deadly Chemical Linked to $289 Mln Monsanto Cancer Lawsuit

Food safety firm ZEGO is using blockchain to test products for residue of a deadly chemical tied to a recent $289 million Monsanto lawsuit, according to a press release published August 16. Earlier this month, Monsanto was fined $289 million in damages after a court ruled in favor of a plaintiff’s claims that the company’s use of a herbicide containing glyphosate had caused his cancer. ZEGO reportedly has a patent-pending blockchain system that would allow companies to test foodstuffs for glyphosate. The company says it had initially developed the solution…

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Forget Bitcoin ETF, an ETN Already Allows US Investors to Invest in BTC

Bitcoin ETF has been the big story of 2018 in the cryptocurrency space. But, a similar product already exists and with it, investors in US markets will be able to allocate more funds into the bitcoin market. Exchange-Traded Notes (ETNs) in Sweden Nine companies have applied to the US Securities and Exchange Commission (SEC) to operate a bitcoin exchange-traded fund (ETF) in the US stock market. The Chicago Board Options Exchange (CBOE) and VanEck bitcoin ETFs are said to have the highest probability of being approved by the SEC by…

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, ETC: Price Analysis, August 17

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The cryptocurrency market capitalization has risen above the $215 billion mark once again. A resilient Bitcoin was the main reason for the pullback. If the leader holds ground, the investors gain confidence and start entering the markets. Crypto hedge fund Pantera Capital is…

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Russian Independent Electoral Watchdog to Pilot Blockchain for Voting System

A Russian independent electoral watchdog is trialing a blockchain-based electronic voting system, local news platform Tass reports August 17. The non-profit Association of Independent Public Observers, dubbed “National Public Monitoring” (NOM), announced the pilot at a press conference in Moscow on Friday. NOM federal coordinator Roman Kolomystev, told reporters: “As part of our congress, we are launching a pilot electronic voting system built on a blockchain system.” The inaugural Russian Congress of Public Observers was held on the initiative of NOM, alongside the Russian Fund for Free Elections and the…

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Bitcoin Price Intraday Analysis: BTCUSD Stuck Under 6500-Fiat

The bitcoin price on Friday gained momentum towards $6,500-area, only to find itself unable to puncture through it. The BTC/USD slipped towards 6236-fiat on Bitfinex yesterday but regained much of its value during the early Asian trading session today. The upside correction extended as far as 6558-fiat, but fell short of bullish sentiment and pushed the pair back below 6500-fiat. The pullback has been marginal and is now finding support at 6450-fiat. In the medium-term, the BTC/USD is consolidating sideways, with two significant levels — 5861-fiat and 6550-fiat — guarding…

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Coinbase Patent Shows Exchange Is Refining Security for Bitcoin Payments

A patent by U.S. crypto exchange and wallet provider Coinbase proposes a new mechanism for further securing Bitcoin (BTC) payments, according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 14. The filing claims that existing systems do not adequately address concerns “that the private keys of [users’] Bitcoin addresses may be stolen from their wallets,” when making payments, and in particular when checking out on a merchant page.  Coinbase is therefore applying to patent a so-called “key ceremony” solution, which would involve encrypting private user…

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Crypto Trading Revenue Could More Than Double in 2018

New research from Sanford C. Bernstein & Co. suggests that revenue generated by cryptocurrency exchanges could more than double to hit $4 billion in 2018, Bloomberg reports August 17. The report, titled “Crypto Trading — the Next Big Thing is Here?,” argues that the protracted crypto bear market is unlikely to impact the burgeoning revenue generated by exchanges. Moreover, “as the crypto-asset class seasons and institutional demand builds,” traditional financial sector firms — including custodians and asset managers — will find “a plethora of opportunities,” the analysts suggest. Bernstein found…

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UK Watchdog Warns of Crypto Scams Using ‘Prestigious’ London Addresses as Smokescreen

The U.K.’s Financial Conduct Authority (FCA) has said that crypto investment scams are increasingly targeting British investors, in an official warning published August 17. The watchdog warns that fraudsters often use celebrity images, slick websites or “prestigious” City of London addresses as a smokescreen through which to lure prospective investors. It adds: “Scam firms can manipulate software to distort prices and investment returns. They may scam people into buying non-existent cryptocurrencies. They are also known to suddenly close consumers’ online accounts and refuse to transfer the funds to them or…

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