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Money Cryptocurrency Ripple continues steep rise in 2018

07:26  05 january  2018
07:26  05 january  2018 Source:   msn.com

We now know who was behind the million-dollar bet that bitcoin will soar to $US50,000

  We now know who was behind the million-dollar bet that bitcoin will soar to $US50,000 The Wall Street Journal reported earlier this week that a trader or group of traders made a $US1 million ($AU1.3 million) bet on bitcoin going to $US50,000 ($AU65,000) by next December.On Wednesday, an unidentified entity made a $US1 million bet on bitcoin trading above $US50,000 by next December.

Cryptocurrency Ripple has maintained its stratospheric rise , adding almost 45 percent more value since the calendar ticked over into 2018 . Ripple – which officially trades the currency XRP – is described by its San Francisco-based start-up as "a frictionless experience to send money globally

Similar from the Web. Cryptocurrency Ripple continues steep rise in 2018 - finance.nine.com.au. Cryptocurrency Ripple has maintained its stratospheric Cryptocurrency Ripple has maintained its stratospheric rise , adding almost 45 percent more value since the calendar ticked over into 2018 .

a close up of a computer: Bitcoin or bust?© Provided by Nine Digital Pty Ltd Bitcoin or bust? Cryptocurrency Ripple has maintained its stratospheric rise, adding almost 45 percent more value since the calendar ticked over into 2018.

Ripple – which officially trades the currency XRP – is described by its San Francisco-based start-up as "a frictionless experience to send money globally using the power of the blockchain".

At midnight on December 31, XRP was trading at $US2.29. At the time of publishing on January 4, XRP added 44.9 percent more value at $US3.32.

In mid-December XRP was trading at US 25 cents each.

XRP's rise has been so vast that according to cryptocurrency tracker Coinmarketcap, it is now the second-largest cryptocurrency behind Bitcoin by value.

Bitcoin's share of the crypto market hits an all-time low as 'alt-coins' go wild

  Bitcoin's share of the crypto market hits an all-time low as 'alt-coins' go wild Crypto's total market cap hit an all-time high above $US660 billion on Tuesday as so-called alternative coins, or "alt-coins," charged upwards. Meanwhile the largest crypto, bitcoin, lagged behind small rival coins.As the year progressed, and new coins came onto the market, bitcoin's position dwindled. That trend has continued into 2018.

Cryptocurrency Ripple has maintained its stratospheric rise , adding almost 45 percent more value since the calendar ticked over into 2018 . Ripple – which officially trades the currency XRP – is described by its San Francisco-based start-up as “a frictionless experience to send money globally

Similar from the Web. Cryptocurrency Ripple continues steep rise in 2018 - finance.nine.com.au. Cryptocurrency Ripple has maintained its stratospheric Cryptocurrency Ripple has maintained its stratospheric rise , adding almost 45 percent more value since the calendar ticked over into 2018 .

Ripple's market capitalisation is now valued at $130 billion, well below Bitcoin's $257 billion but remarkably higher than Ethereum's at $92 billion.

According to Ripple's website, payments using XRP can be completed in four seconds, compared to 2+ minutes for Ethereum and about an hour for Bitcoin.

Here's why cryptocurrencies just got smoked

  Here's why cryptocurrencies just got smoked A data adjustment by CoinMarketCap caused cryptocurrency prices to drop in Monday trade. Prices of the world's largest cryptocurrencies appeared to take some major hits yesterday after CoinMarketCap.com, arguably the most popular and important site for cryptocurrency pricing data, opted to remove South Korean exchanges from its data sources.

Coinmarketcap now places the entire cryptocurrency market as having a capitalisation of 2 billion. That places the digital currencies just shy of the world's most valuable company in tech giant

Just like other cryptocurrencies , Ripple ’s cryptocurrency , XRP also uses the blockchain technology. However, unlike other cryptocurrencies , it is – Trading Volume of XRP is nowhere close to the most popular cryptocurrencies , BTC and ETH. Trading volume is expected to grow in 2018 , and a rise in

Unlike Bitcoin which was intended to replace physical currency, Ripple was created to help large financial institutions transfer money internationally quickly and cheaply.

While the highs and lows of Bitcoin have been well publicised, many smaller cryptocurrencies have been gaining momentum as speculative investors and hardcore crypto traders look to diversify their portfolios.

Coinmarketcap now places the entire cryptocurrency market as having a capitalisation of $762 billion.

That places the digital currencies just shy of the world's most valuable company in tech giant Apple, which boasts a current market capitalisation of $884.28 billion.

Seniors stranded after bus stop shenanigans .
A group of seniors in the Prime Minister's own electorate have been left furious after their local bus stop was moved to a place that forced them to tackle a steep hill. Ellis, 92, said his pacemaker ruled him out of even trying to make the climb after getting off the bus."If I tried to walk up a hill, firstly I would run out of breath," Ellis told A Current Affair."And the first thing my cardiologist said was, 'you don't walk up any inclines, because I can't guarantee what will happen to you."GP Dr Ted Arnold said there were a huge range of reasons seniors shouldn't be forced to tackle the hill.

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