Ripple has recently been attracting public attention a lot, and some of the high-rank celebrities were no exception. Firstly, the Swell conference organized by Ripple will have a very special speaker – the US 42nd President Bill Clinton. According to the official announcement, Clinton is going to address the issue of rapid growth of innovative technologies these days and their availability to the people around the world.
Another “ambassador” of Ripple will be the legendary pop star Madonna. The singer is leading a well-known charity campaign in Africa, called Malawi, created for helping African children in need. The Ripple gladly joined to support this cause. The representative of the project claimed:
“We’re honored to be a part of Raising Malawi’s amazing work with some of the world’s most underserved children.”
Recently, there appeared rumors on the Internet, saying that the second largest financial institution, Bank of America, might be considering forming a partnership with Ripple Labs and incorporating the blockchain technology into its system, according to Fintech News.
Currently, the bank is using SWIFT technology for international transactions, which proved to be quite inconvenient, slow and insecure.
It is still unclear whether Bank of America wants to fully apply Ripple technology or create a similar app, but its main intention is to let the customers make transaction between various banks in a safer and easier way.
Neither of the sides have officially commented on the matter so far.
Headlines with RippleNet pop up on the first pages very often meaning that the interest towards the Ripple’s DLT technology does not go away, and it is better to say, even increases. And the company decided to cheer its users by the news that other 13 financial institutions had joined RippleNet, putting the total at over 200.
Among these new 13 customers, only five of them will use the Ripple’s coin for liquidity, they are:
Euro Exim Bank.
Others, like CIMB or Olympia Trust Company, are interested in immediate settlement, they are able to draw faster and more transparent payments using RippleNet. BBVA, in its turn, arranged loans to Porsche, as well as made international transfers using Ripple’s technology stack.
The director of Euro Exim Bank has commented on the partnership:
“As a leader in trade finance solutions for global corporates and fintechs, we are uniquely placed to offer new payment channels and ways to source liquidity. Our customers—whether big corporates or individual remitters—have historically been restricted from obtaining suitable funds or settling transactions in a cost efficient and timely manner. Working collaboratively with Ripple and selected counterparts, we have designed, tested and are implementing both xCurrent and xRapid in record time, and we look forward to the benefits these will bring our customers.”
Cryptocurrency is a favourite of all news portals. It becomes the most discussed currency of the XXI century, everyone is interested in it, buys it, even celebrities make their own business with the help of it. Who? Let’s find out with The Coin Shark.
In 2010, American actor became the originator of A-Grade Investments company, which successfully invested money in the projects such as: Uber, Airbnb and BitPay.
Kutcher left a positive feedback about Bitcoin in Twitter:
In 2013, Snoop Dogg’s albums were sold by 0.3 BTC. The exact number of albums sold is still unknown. But if he had sold the albums at the current rate of 3,5 thousand dollars, then the rapper might have earned about 1,05 thousand dollars per album.
Also, the rapper popped up on a XRP Community Night party.
The actor became a hodler of the Bitcoins, amounting to 5,000 dollars, by his best friend’s advice.
Matthew Roszak the founder of Bloq and various cryptocurrency projects, presented Bitcoin to an American star Kim Kardashian. He shared this news with his subscribers on Twitter:
“I know a lot of people are skeptical, but I feel like if everything’s going to live online, why not bitcoins? Being backed by gold seems very old and nostalgic to me. Being backed to a bitcoin, which takes time to actually make and there’s this equation that has to be done, that feels realer to me and makes more sense.”
Co-founder of Microsoft doesn’t hide his interest about Bitcoin.
“Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”, said Gates during an interview.
However, later Bill Gates expressed his negative attitude towards cryptocurrency.
Former CEO of Tesla, the chief executive and the chief engineer of SpaceX denies that he owns Bitcoin, except of those 0,25 BTC which is a gift from a friend. You can find this on his Twitter:
Armando Christian Perez, a hip-hop artist, aka “Pitbull” said that in 2012 he started investing in Bitcoin. Today he is constantly tracking the rate of cryptocurrency, however he is no longer investing in it.
A member of Stand-UP Comedy, an american actor and singer became interested in cryptocurrency back in 2017. He was promoting a Bitcoin exchange Cobinhood on his Twitter account.
Floyd Mayweather Jr. and DJ Khaled
Floyd, the undefeated American boxer, more than anyone else is engaged in various ICO advertising. In 2017 he became an ambassador of Stox cryptocurrency project, which specializes in the markets analysis. Boxing star was also engaged in advertising Hubii Network marketplace.
Floyd Mayweather Jr. is not the only one among celebrities who was advertising aforementioned Centra project. DJ Khaled joined the boxer. In 2017, the producer was overwhelmed with comments under an Instagram photo, where he was posing with a Centra card. Unfortunately, later, it became known that the project was a scam.
Jessica VerSteeg and The Game
No one could imagine that the model can tie her career with innovations. However, in 2017, Jessica VerSteeg Miss-Iowa 2014 launched the ParagonCoin Bitcoin-platform. We note that the project is quite specific, since it was created for marijuana industry.
Jayceon Taylor, a hip-hop artist, more known as “The Game”, supported Jessica VerSteeg. He made a video about promoting the Paragon platform.
A british singer and a former member of Spice Girls back in 2014, she was selling her christmas single for a Bitcoin. After partnership with a London cloud mining service CloudHashing, she became the first performer in history who was selling music for BTC.
Madonna,Lady Gaga,Jennifer Lopez,Kelly Joyce
Well-known singers, they were the first ones who accepted payment in BTC. The amount of fee depends on singer’s popularity. The advantages of such payment are that celebrities gain their net profit without taxes, which are not charged from cryptocurrency and fans do not overpay for the performance.
This celebrity should be pointed out of all four divas. In 2018, Madonna supported Ripple’s social action, during which they were collecting funds for the orphans from an African Republic of Malawi.
In October,2017, Ghostface Killah a member of a hardcore hip hop band called Wu-Tang Clan, became a founder of Cream Capital company, which specializes in promotion and funding services for cryptocurrency startups. During the ICO the company earned $30 million.
The name of the company is identical to a Wu-Tang Clan hit – C.R.E.A.M. ( Cash Rules Everything Around Me ).
Infinitum Nihil Film Company, which belongs to Johnny Depp will produce documentaries and digital content according to the agreement with the crypto project.
“Johnny has the ability to conceptualize material in a way that few can, and is unburdened of conventional industry formulas that dictate the projects that get made, traditionally, as we make strides to embrace disruptiveness, Johnny will be a key collaborator with us and we are tremendously excited to back his visions and instincts on stories to bring to life.”,said Andrea Iervolino the founder of TaTaTu.
An american entrepreneur, a billionaire had his own rule for investment in cryptocurrency, which he shared with the crypto community. He is sure that any funds that don’t have the exact purpose should be invested in the digital currency.
In the winter of 2017, the legend of the Barcelona football club became an official global ambassador of Sirin LabsIsraeli company, which is developing the world first crypto smartphone called Finney. Messi shared this news on his Instagram.
The cryptocurrency market is so volatile, that the changes of a rate of separate currencies may reach tens or even thousands percents during a year. The investors and especially the traders should look closely at the rate dynamics of separate coins, as well as the market itself. In this article we will run through such term as cryptocurrency rate dynamics and will take a closer look at the yearly graph of the market and at TOP-3 coins:
Content (please, click the topic to scroll down to it)
If we go back in time and take a closer look at the general capitalization of the cryptocurrency market we may notice a the great difference between cryptocurrency rates in January and December in 2018.
The beginning of 2018 shocked everybody with its maximum volume of the crypto market capitalization which almost reached 828 billion dollars. After which decreased to 330 billion dollars, which is almost 3 times lower than the historical record. Apparently, that was only the beginning, but first things first.
The first week of 2018 showed the most rapid growth for the entire history. The capitalization grew up by 200 billion dollars for a week, on the 7th January there was a historical maximum of 828,6 billion dollars.
Such high growth was caused by the altcoins’ rapid growth, after what Bitcoin showed its maximum on the 17th of December and then began to fall. For the next three days (till the 10th of December ) the market awfully decreased and reached the mark of 672,6 million dollars . During the period from 10th till 13th January the capitalization grew up to 744 billion dollars.
But after that, a prolonged correction started, which unfortunately continues up to date.
The 31st of January 2018 the capitalization decreased to 515 billion dollars.
In the first week of February the mark showed a rapid decrease and on the 6th of February the capitalization decreased to 283,6 billion dollars.
This event was followed by a two week period, which made many investors believe that the correction was over and on the 20th of February the capitalization was almost 510 billion dollars. The spring was followed by bad news:
– ban of cryptocurrency advertisement in Google and Facebook
That was the beginning of the second loop of correction which lasted till the 11th of April 2018 at that day the capitalization was 266 billion dollars.
On the 12th of April the market started to go up. As many experts thinks that the main reason was the filing tax returns in USA. This tendency remains marked till the 5th of May 2018 at that day the capitalization was 464,7 billion dollars.
The summer was a relatively calm period for cryptocurrency. In the first two months the capitalization was between 200-300 billion dollars, but on the 14th of August it fell to 194 billion dollars.
However, the fall of 2018 became the point of return for the whole market. The capitalization fell from 228 billion dollars to 138 billion dollars for three months. If in September the rate was more or less stable, then the November has been marked by a loud fall. From the 14th of November the market began to crash and on the 16th of November the capitalization was 102 billion dollars.
2. Bitcoin dynamics
The first cryptocurrency started 2018 with the rate of 14 thousand dollars and the total capitalization of 235 billion dollars
After that the winter rate raised twice:
on the 3rd of January $15 331 (the capitalization is 260 billion dollars)
on the 6th of January $17 010 (the capitalization is 285 billion dollars)
This year it was the highest rate which was followed by a prolonged correction, which is still going on.
Till the end of January the coin decreased to $10 255 with the total capitalization of 172,6 billion dollars. Till that moment the vast majority of investors fixed the income at least partially (those who bought at the end of November or December, fixed the loss). Many experts expected the nearly 50% correction to be the maximum and waited for reborn of positive trend in the near future, but the first week of February was marked by a rapid fall of the rate till $6 226.
After that the growth started which made many participants of the market believed in a trend reversal. Looking at the chart until the 5th of March 2018 we might think that the correction was over since the rate of the coin raised by almost 2 times and amounted $11 452 with the capitalization of $193,5 billion. On the 18th of March the rate was $7 633 (the capitalization $129 billion.).
After that the rate remained in stagnation and from time to time it went up to the $8 500 and falls till $5 900. The minimum rate of the summer 2018 was fixed on the 29th of June and was $5 914.
The period from mid September till mid November was stable and was marked by neither ups nor downs. However, since the 14th of November the total collapse of the market started which affected the capitalization of the first cryptocurrency. On the 17th of December the well-known Bitcoin set a negative record of 2018. The amount of its capitalization was $57 billion. In the outcome, the rate difference of the beginning of 2018 was bigger by 4 times than the end rate of the year and the difference between the max. and the min. rate value equaled 5.
3. Ethereum dynamics
After the New Year, the price of Ethereum reached dramatic heights. The historical maximum was fixed on the 13th of January with the rate of $1 371.
Until the 6th of February the rate fell to $719. After that there was a period of growth and the coin reached the $1000 mark. On the 17th of February the rate of ETH was close to $973.
It was followed by a two month period of contraction, which stopped on the 6th of April on the mark of $367. The ethereum chart for the whole month was positive, on the 5th of May 2018 the coin rate was $820.
But after that the chart went down and on the 15th of August 2018 the ETH rate was $284.
Many people have decided that Ethereum couldn’t go lower. However they were mistaken. Since the 7th of December fixed not only a yearly negative record but a historical one. The capitalization of digital currency was equal to $9 billion and a coin was traded for $87,53 or 0,025 BTC.
The end of the year was not that successful for Ethereum. The difference between the rate of the beginning of 2018 is almost 6 times more than the final rate of the year and the difference between the max. and min. rate is 11.
4. Ripple dynamics
On the 4th January 2018 the historical maximum was fixed on the $3,81 mark.
After that the rapid rate correction followed, since many investors wanted to fix their huge profits.
On the 6th of February the coin rate was $0,67. After that the rate of Ripple in 2018 crossed the mark of $1 for a few days. Thus on 17th of February the rate grew to $1,22. Furthermore the downward trend followed, which lasted till the 10th of April when the rate fell to the mark of 48 cents.
Then the rate of the coin (as well as with the rest of the market) was growing for the whole month and on the 5th of May it reached the $0,91 mark.
The rate of Ripple for the whole summer was slowly decreasing and only on the 20th of September began to grow rapidly and on the 22nd of September the price per one coin was $0,59.
The collapse of the cryptocurrency market didn’t hurt much the rate of Ripple unlike the other cryptocurrencies. In contrast, Ripple during not the best period for the market won the second place by total capitalization. And apparently will finish this year taking the second position without giving way to Ethereum.
5. The main reasons of the cryptocurrency market volatility
As you may see, the rate dynamics of 2018 is negative. There are many reasons for volatility of the crypto market, but the major are few:
the lack of government regulation;
the instability and small capitalization (in compare to traditional financial markets);
the lack of binding to the physical goods, which has material value;
the lack of the real market value;
the human factor (a large number of non-professional investors who by their actions discredit the situation on the market).
6. Expert’s opinion for the 2019
It is actually difficult to predict in the industry of cryptocurrency. We will tell the experts opinion on the rate dynamics in 2019-2020.John – – McAfeebelievesthat Bitcoin will become a new financial standard and everyone should accept that. His forecast about the rate of Bitcoin is the most bravest above all, McAfee believes that 1 BTC till the December of 2020 will cost more than $1 million.
– The Fundstrat analytics teambelievesthat the rate of Bitcoin in 2019 will be equal to $25 thousand.
– Mike Novogratz, CEO of Galaxy Digital, believes that the start of Bakkt and Fidelity Digital Assets platforms will affect the entry of new investors into the cryptocurrency market. According to Mike`s opinion, now the most important point of resistance is the mark of $ 3,880. If we overcome it, then the rate may reach $ 9,000 till the New Year.
The rate cryptocurrency dynamics is so changing, the industry is still young and volatile. The last 12 months were filled with a lot of events: the historical maximum was recorded, almost 80% throwback, the ban of advertisement,the regulators, for the first time cryptocurrencies become an agenda at G20. A number of respected experts predicts the great future for the industry and an early resumption of bull trend on the market. So we’ll see and we will provide you only with verified news and with useful information from the crypto world.
The United Nations division, the Office on Drugs and Crime is going to cooperate with the blockchain company doc.com in order to provide free and accessible healthcare and medical services in the Eastern regions of Africa.
Doc.com is a company that specializes In telemedicine and telepsychology. It uses blockchain to let the customers exchange their personal data for tokens, which will open access to various healthcare services.
The company is functioning in over 20 countries with around 130 thousand customers. The United Nations has been researching the ways to use blockchain for humanitarian causes, thus, this collaboration might become the salvation for poor African countries.
As reported by the Korean subdivision of CoinDesk, a customer of the South Korea-based cryptocurrency exchange Bithumb suffered a tremendous money loss at the end of 2017 due to a hacker attack.
Back in November of 2017, the hacked victim placed 478 million Korean won (426,600 dollars) to his account at Bithumb. Only a couple hours later, an unknown hacker broke into his account, exchanged the money to Ethereum and stole it. As a result, the poor Bithumb user was left only with 11 cents at his account.
In the attempt to bring his funds back, the victim tried to sue Bithumb. However, the exchange management used the Electronic Financial Transactions Act, according to which the exchange is not a financial company, thus, it is not responsible for the hacker attack and money loss. The court found Bithumb innocent.