The price of Ripple (XRP) shot up by as much as 75% during trading on Friday. AT about 14:45 UTC, XRP’s price skyrocketed to $0.77, a 75% jump from its opening price of $0.45.
Cryptocurrency Market Updates
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Market Update 9.21.18 – BTC Donations for Political Campaigns Banned
Last updated: September 21, 2018, 6:10 am Cryptocurrency Market UpdatesThe State of California has now officially banned political donations in the form of cryptocurrency, especially Bitcoin. The Fair Political Practices Commission (FPPC) for California, in a 3 to 1 vote, issued this new ruling, giving the reason that it was difficult to track the origins of such donations and therefore there would be issues related to political transparency.
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Market Update 9.20.18 – Zaif Hacked, $60 Million Stolen
Last updated: September 20, 2018, 3:24 am Cryptocurrency Market UpdatesThe Japanese licensed cryptocurrency exchange, Zaif was hacked, with about ¥6.7 billion (~$60 million) in cryptocurrencies, including 5,966 BTC being stolen. Zaif is operated by the Tech Bureau, which has stated that it had first noticed an unusual outflow of crypto funds from the platform at about 17:00 local time on September 14.
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Market Update 9.19.18 – Palestinians Using BTC for Cross-Border Transactions
Last updated: September 18, 2018, 11:39 pm Cryptocurrency Market UpdatesBitcoin has now become a lifeline for many in the occupied Palestinian territories in the Gaza Strip as well as the West Bank. According Ahmed Ismail, who works as a financial analyst in Gaza, at least 20 unofficial cryptocurrency exchanges that are helping users trade in Bitcoin (BTC).
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Market Update 9.18.18 -Musk Asks Palmer to Help Combat Twitter Crypto Scammers
Last updated: September 18, 2018, 8:03 am Cryptocurrency Market UpdatesElon Musk, the Chief Executive Officer of Tesla Inc. and SpaceX, posted a request on Twitter on Monday, September 17, asking the creator of Dogecoin (DOGE), Jackson Palmer, to help him combat cryptocurrency scammers that were infesting Twitter.
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Market Update 9.17.18 – Gemini Custodian Can Change Gemini Dollar Transactions
Last updated: September 17, 2018, 5:14 am Cryptocurrency Market UpdatesAccording to a study published on Medium, a Gemini Custodian can completely change transactions of the brand new stablecoin Gemini Dollar (GUSD). The study was conducted by Blockchain researcher Alex Lebed in partnership with cryptocurrency consultancy Alexey Akhunov.
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Market Update 9.16.18 – Market Cap to Reach $80 Trillion in Next 15 Years, Says Tim Draper
Last updated: September 16, 2018, 3:04 am Cryptocurrency Market UpdatesTim Draper is a well-known venture capital investor. Now, he has predicted that total cryptocurrency market capitalization would likely to hit $80 trillion in the next 15 years. He made the prediction during the DealStreetAsia PE-VC Summit 2018, which was held at Singapore.
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Market Update 9.15.18 – Draper: Crypto Market Cap at $80 Trillion in 15 Years
Last updated: September 15, 2018, 3:40 am Cryptocurrency Market UpdatesAccording to Tim Draper, the cryptocurrency proponent and venture capital investor, the total market capitalization of the cryptocurrency market could hit $80 trillion in the next 15 years. Draper was made this prediction at the DealStreetAsia PE-VC Summit 2018 held at Singapore this week.
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Market Update 9.14.18 – GAW Miners CEO Sentenced to 21 Months in Prison
Last updated: September 14, 2018, 7:12 am Cryptocurrency Market UpdatesThe Chief Executive Officer of the now dead crypto firm GAW Miners, Homero Joshua Garza is being sent to prison for 21 months on charges of defrauding investors. The verdict was passed by the Hartford federal court after he pleaded guilty to a charge of wire fraud done when creating as well as the selling the crypto called PayCoin. PayCoin was basically a scam coin
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Market Update 9.13.18 – Ribbit Capital Raising $420 Million
Last updated: September 13, 2018, 5:32 am Cryptocurrency Market UpdatesThe American venture capital firm, Ribbit Capital is aiming to raise $420 million for its latest fund. Ribbit Capital, which includes some of the big crypto and Blockchain projects in its portfolio, is raising money for its fifth venture capital fund.