What Is Happening Between Swift and Ripple and Why Does Ethereum Suffer From It?

Ethereum is known in the crypto world as a #2 cryptocurrency that have always been preceded only by the Almighty Bitcoin. However, this has not been the case in the recent couple of months due to a steady decline of Ethereum’s exchange rate.

Earlier, Ethereum was outrun by the coin created at the Ripple Labs – XRP, but was able to regain its position. We remind you:

Ethereum Managed to Reclaim Its Second Place From XRP

It happened again. An XRP enthusiast published a tweet about the new victory of Ripple.

The price of the XRP coin has also skyrocketed which can be seen from its CoinMarketCap graph.

What could possibly boost the coin so much?

According to the materials published by Finance Magnates, the most probable reason for such a jump was a popular rumor about the cooperation of the two major crypto payment platforms – Swift and Ripple.

This rumor appeared a while ago, and was actively endorsed by the fans of Ripple on Twitter.

However, the official representative of Swift refuted this rumor and claimed that the upcoming upgrade of the platform has nothing to do with Ripple.

Moreover, no decent evidence, except for the rumors and insinuations, has been found regarding the possible cooperation.

Meanwhile, this whole situation positively influenced the positions of Ripple in the global rating, so it doesn’t even matter now if they will cooperate with Swift or not.

We remind you:

Ripple Announced the Launch of xRapid Technology

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The Crypto Market “Started Selling” Bitcoin by $4 500 by Black Friday or Top 5 Crypto-Services That Offer Discounts

What if it wasn’t collapse of the rate, but cryptocurrency market is preparing for the Black Friday? And it’s not an anti-record of the price tag of Bitcoin and other cryptocurrencies, but a huge discount? 🙂

All the news feeds are flooding with the information about “bad feeling” of the crypto market. Today, November, 20, 2018, the Bitcoin rate is hanging around the $4 500 mark, causing deep psychological trauma to the holders of cryptocurrencies. But, what if it is the time to rejoice and buy a cheap crypto ?

This is all, of course, “black” jokes on the grounds, that the world’s attention is focused within 2 events – the collapse of the cryptocurrency market and the upcoming Black Friday.

In order to lighten the spirits, The Coin Shark has collected top 5 trading platforms where attractive discounts to the Black Friday are already waiting for you.

1. Bitcoin Black Friday

The most popular crypto platform, where the massive sales of goods are held for Bitcoin on the Black Friday. The platform will start sales on November,23, 2018 at 00:00 UTC.

2. Overstock

This trading platform works constantly. It’s advantage is the opportunity to save up to 70%. On holiday sales, the founders of the platform, decided that they could give more to their users.  On Black Friday 2018, there will be discounts on goods up to 70%. For payment method they accept Bitcoin and other cryptocurrencies. 

3. TradingView

The website for monitoring cryptocurrency, gives to all traders a good opportunity to buy a powerful tool for research and analysing of the rate with a 60% discount on a Pro, Pro+ and Premium versions.

4. Crypto Asylum

The manufacturer of hardware wallets Crypto Asylum, decided to keep up with the “black tradition”. He will arrange the sale of his products with a 20% discount, on all of his products. The discount is given if you pay for your goods using Bitcoin cryptocurrency.

5. LEDGER

The manufacturer of the hardware wallet Ledger Nano S, is also not far behind from “the black trends”. It’s users will be given a 21% discount, if they place an order between Black Friday and Cyber Monday, which will be on November,26.

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Crypto Doomsday: Ripple Conquers ETH, While Its Taking Last Breath

The crypto industry is currently suffering one of the largest downtrends in a very long period of time. Cryptocurrencies are not just falling in price, they are absolutely and totally collapsing.


What catches your attention, besides the fact that all coins are in the deep red zone? Yes, you are right, the 2nd place after Bitcoin, which has always been occupied by Ethereum, now belongs to Ripple. XRP only lost 2.89%, whereas Ethereum plummeted by almost 15%.

Though XRP did outrun ETH before, the previous time it was not a convincing victory, since the things quickly went back to normal. This time, however, many crypto specialists believe that XRP might be here to stay.

Actually, this is not the first recent change in the rating of top digital coins. We remind you:

Stellar Has Outrun EOS and Became the 5th Top Cryptocurrency

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Cryptocurrency Prices Today, November 20: BTC Collapsed below $4500, Bitcoin Cash Lost 44% of Its Cost

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

According to the Coin360 online platform, Bitcoin (BTC) lost 15.72% over the past 24 hours. The price at the time of writing is $4505 per coin, but it remains quite volatile and decreases to the $4300 price point from time to time.

The rest of  cryptocurrencies are rapidly declining:

Bitcoin Cash lost 44% over the past 24 hours and costs $242 per coin;

Ripple minus 4.58% and costs $0.44;

EOS lost 14%, and its price is $3.69;

Litecoin fell by 14.37%, and its rate is $32;

Cardano lost 15.97%, and its value is $0.045;

Stellar dropped by 15.36% and is $0.19 in price;

IOTA decreased by 17%, and its cost is $0.41;

Dash lost 14.10%, and its price is $103;

Monero collapsed by 16.60% and costs $67.

Over the past day, Ethereum lost 16.15% and continues to decline in price. The cost of the coin is $133.

The total market capitalization dropped significantly to $145 billion. Bitcoin accounts for 53.6% of the total amount. In monetary terms, the volume fell to $78 billion.

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The Forecast of Bloomberg Analysts: Bitcoin Rate Will Drop to $1 500

Bloomberg Intelligence analysts claim, that at the moment Bitcoin has not yet established the final anti-record, but only “continue to fall”.
According to their forecasts, the rate is expected to fall to $1 500, which is 70% less than the current rate – $5 140 (at this point).

As one of the reasons for the fall of the course, the  publication notes the hard fork Bitcoin Cash network. After it the largest scale collapse of the cryptocurrency rate occurred, which was the beginning of the “boring life for Bitcoin” and inspired several industry experts to make forecasts.

Travis Kling, founder of the hedge fund Ikigai, made an assumption, that in the future BCH hard fork will no longer affect the market:  

“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”

Bloomberg Intelligence analyst Mike McGlone gave a forecast for two versions of Bitcoin Cash, namely that because of them the investments of depositors and miners will continue to provoke a way out of rates to increase and further decline in market quotations.

The president and the main investment specialist of Creative Planning, Peter Mallouk, drew the attention of the crypto community to the financial result of the III quarter of  the GPU manufacturer – NVIDIA. Mining products of the company are losing its relevance, which is according to the analysts, signals about the deterioration of the whole cryptocurrency market in general.     


“The drop in the stock price of Nvidia is reflective of a future where cryptocurrency fueled demand has cratered,” said Peter Mallouk, president and co-chief investment officer of Creative Planning, in an email. “While this is, of course, bad news for NVIDIA, it is really the canary in the coal mine for Bitcoin and other cryptocurrencies.”

We want to remind you, that the founder of Fundstrat Global Advisor, Tom Lee, is optimistic about the future of the world’s first cryptocurrency. At the beginning of the year, he made a prediction, in which Bitcoin will reach the $25 000 by December. However, in July Tom made an adjustments , changing the estimate rate by $22 000. Early in November, the forecast was changed again to $15 000. Eventually,  BTC should grow by more than 170% in a short term.

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Poloniex Crypto Exchange Adds 6 USD Coin Trading Pairs

One of the major crypto exchanges in the world, Poloniex, decided to implement six more trading pairs which include Goldman Sachs-backed stablecoin USDC.

Users can trade the following trading pairs since November 16:

XRP/USDC
XMR/USDC
STR/USDC
DOGE/USDC
LTC/USDC
ZEC/USDC

Moreover, Poloniex claimed in its blog post that it had become the first crypto exchange to offer users the ability to trade tokens linked to Bitcoin Cash (BCH): Bitcoin Cash SV (BCHSV) and Bitcoin Cash ABC (BCHABC).

We want to remind you that such crypto exchanges as OKEx, Huobi, BitPay, Coinbase, Binance have already listed USDC stablecoin on their listings.

The Stablecoins: What Is It and Why Is It So Popular Now?

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Cryptocurrency Prices Today, November 19: Cryptocurrencies Have Once Again Fallen in Price and Continue to Fall

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: cryptocurrency rate

According to the Coin360 online platform, Bitcoin (BTC) lost 4.61% over the past 24 hours. The price at the time of writing is $5316 per coin, but is rapidly decreasing.

The other cryptocurrencies are also in the deep red zone:

Bitcoin Cash lost 4.44% over the past 24 hours and costs $301 per coin;

Ripple minus 6.36% and costs $0.47;

EOS lost 7.98%, and its price is $4.34;

Litecoin fell by 9.24%, and its value is $38;

Cardano dropped by 12.08%, and its cost is $0.055;

Stellar lost 8.25% and costs $0.22;

IOTA minus 11.73%, and its rate is $0.41;

Dash decreased by 12.33%, and its price was $118;

Monero collapsed by 9.85% and costs $80.

Ethereum lost 10.85% over the past day and continues to decline in price. The cost of the coin is $155.

The total market capitalization dropped considerably to $172 billion. Bitcoin accounts for 53.5% of the total amount. In monetary terms, the volume fell to $92 billion.

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