From a bullish Bitcoin indicator to new adoption for Stellar and Litecoin, here’s a look at some of the stories breaking in the world of crypto.
A proprietary indicator that called the big Bitcoin sell-off in November of 2018 has turned bullish. Crypto Thies told his 24,000 followers on Twitter that his ‘Market God’ indicator’s three-week iteration just posted a buy signal for the first time since October of 2016, when the price of BTC was $500.
— Crypto Thies (@KingThies) March 16, 2019
But not all traders are so sure a sustained bull run is imminent. Analyst DonAlt says he’s still looking for a BTC breakout of at least $4,400 before talk of a true bull run can begin.
Ripple and XRP
Ripple’s vice president of product Amir Sarhanghi is offering his take on the benefits of blockchain and XRP for cross-border payments. In a new interview with the Center for Data Innovation, Sarhanghi says the benefits of Ripple’s technology are especially important in developing countries.
“As we have seen at Ripple, implementing blockchain technology lowers both costs and transfer times for their customers, which is especially crucial in developing countries where financial flexibility is limited. Through the use of blockchain and modern APIs, Ripple allows financial institutions who are part of our network – RippleNet – to send money globally, instantly, reliably, and for fractions of a penny…
Financial institutions using xRapid – our product that uses XRP – see an average 40 to 70 percent cost savings compared to what they normally pay expensive foreign exchange providers.