Ethereum Managed to Reclaim Its Second Place From XRP

eth conquered xrp

The crypto market has turned upside down. Yesterday the token of Ripple Labs, XRP, skyrocketed, raising by over 40% of its price. It even managed to outrun the coin Ethereum and became the world’s #2 cryptocurrency for a short period of time. The trading volumes of Ripple at some crypto exchanges also raised tremendously.

Experts believe that the price jump of Ripple is connected to the launch of the platform XRapid.

Even though, Ethereum managed to regain its place in the rating this time, it is definitely in quite a shaky position. Hopefully, the recently launched Ethereum 2.0 will have positive influence on the exchange rate of ETH.

We remind you:

Another Client of Vitalik Buterin’s Ethereum 2.0 Has Been Revealed

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The Bitcoin SV Mining Pool Was Attacked by Scammers

Some crypto scammers tried to pull off one of the most popular fraudster tricks. They created a copy of the site of a large BSV mining pool – SVPool. The two sites looked identical, the only difference from the real one could be noticed in the URL. The criminals promised to sell BSV hashing power in exchange for Bitcoins. Luckily, the management of SVPool quickly detected the scam and informed their users about it. The official message said:

When clicking through the dupe site, many of the pages results in a 404 error, and in some cases, it takes you to their registrar’s error page. The site uses SVPool’s genuine social media handles to make things look at authentic as possible.”

Most of the crypto platforms now remind people to be careful and check the sites they are using thoroughly before spending their money. We remind you:

The Police of India Uncovered a 60-Million-Dollar Crypto Scam

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Bitmain Closed Its Branch In Israel Due To Crypto Market Situation

Chinese mining giant, Bitmain, has closed its branch Bitmaintech Israel in Ra’anana. It was set up two years ago as a company which specialized in developing blockchain technology, AI technology and controlled one of the mining pools Connect BTC in Israel.

The branch was headed by Gadi Glikberg, who held the title of VP International Sales and Marketing. He and his 23 employees will be laid off.  The reason of closing the branch is that Bitcoin trading price fell down by more than 80% since its all-time high, while Ripple’s XRP and Ethereum decreased by more than 90% since the peak of their prices.

Glikberg commented on the situation: “The crypto market has undergone a shake-up in the past few months, which has forced Bitmain to examine its various activities around the globe and to refocus its business in accordance with the current situation.”

We remind you:

Is Bitmain Really Dying, or How Much Money Was Lost in 2018?

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Facebook Is Once Again Looking for Blockchain Specialists

Being a social media giant, Facebook could not turn a blind eye to blockchain. It actually launched a whole department devoted to the research of this technology and was looking for a manager for this department some time ago.

However, none of the representatives of Facebook have revealed any detail as to what they are planning to do with blockchain, which caused a wave of rumors starting from the assumption that Facebook is going to release its own cryptocurrency to the one claiming that Facebook was working on a blockchain network, planning to outrun Ethereum.

The truth is still unclear, but the fact is: Facebook is definitely working on something. It has listed 5 vacancies for blockchain developers on its official site. Considering the fact that it is Facebook and also the rate of salaries for blockchain specialists, there surely will be a huge fight for these 5 jobs. We remind you:

Blockchain Specialists Receive the Highest Salary Among Software Developers

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Tether Made It into Top-5 Cryptocurrencies

The king of stablecoins Tether (USDT) is now the 5th biggest cryptocurrency, according to the rating of CoinMarketCap. Although the coin did follow the overall downward trend, it is clearly doing better than EOS and Ethereum. The rating now looks like this:


Source: CoinMarketCap

Despite the jump in the rating, things are not particularly amazing for Tether. The coin is quickly losing holders, since its alternatives (like Gemini Dollar) have way more customer-friendlier conditions.

The crypto industry is turning upside down. Given the level of volatility, the top-5 newcomers might or might not stay there. We remind you:

Stellar Has Outrun EOS and Became the 5th Top Cryptocurrency

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Cryptocurrency Prices Today, December 11: Cryptocurrencies Are Once Again in the Red Zone

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) lost 1.8% over the past 24 hours. The price at the time of writing is $3425 per coin.

Cryptocurrencies are also falling in price:

Bitcoin Cash lost 3.52% over the past 24 hours and costs $99 per coin;

Ripple dropped by 1.43% and is $0.30 in value;

EOS minus 3.41%, and its price is $1.91;

Litecoin decreased by 1.50%, and its rate is $24;

Cardano lost 2.49%, and its cost is $0.029;

Stellar fell by 1.29% and costs $0.11;

IOTA added 2.85%, and its value is $0.24;

Dash lost 3.36%, and its price is $68;

Monero became cheaper at 4.77% and costs $43.

Over the past 24 hours, Ethereum lost 1.43%. The coin exchange rate is $90, according to Coin 360.

The total market capitalization is $110 billion. Bitcoin accounts for 55% of the total volume. In monetary terms, it is $60 billion.

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You Can Now Pay with Dash at Venezuelan KFC

According to a report made by Forbes, a popular fast food restaurant KFC in Venezuela will now accept Dash cryptocurrency as a means of payment, following the example of Papa Johns and Subway. The innovation will take effect this week.

The first cafe that will accept Dash is the one in the capital city of Caracas, however, it will soon spread all over the country. The representative of Dash in Venezuela, Alejandro Echeverría, states:

Having a globally recognized brand such as KFC accepting dash payments in Venezuela is a great achievement for cryptocurrency and further validation of the continuing trend of dash adoption.”

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