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Fortune are reporting that the partnership will see MoneyGram pilot the use of XRP through a new Rippleservice, called xRapid, designed to provide liquidity to financial institutions. In a release announcing the news, the companies touted the speed and efficiency of XRP:
“Right now I don’t think anybody is valuing the cryptocurrencies, they are all pricing.”
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WomenCoin has arrived and it is valued at $0.003938 with a market cap of $174,126.
The WomenCoin has arrived
Comment on the current crypto crumble comes from Mihir Kapadia, CEO and Founder of Sun Global Investments, who told Express.co.uk:
“The prices of Bitcoin, Ripple, Ethereum and Litecoin – four of the most populartokens in the cryptomarket, have had a setback following the news that South Korea could be preparing to ban trading in digitalcoins.
“Prices have been shooting up over the past few months because of the huge buying interest from new speculators who do not understand the nature of the instruments. This is likely to be a dangerous market for true investors and should be avoided.”
11.02am – UPDATE – Heading south (…again)
However that has done little to curtail the lofty predictions with financial expert Tom Lee claiming that Bitcoin’s price is expected to double from its $20,000 high point by the end of 2018, making it “something you want to own” this year.
The North American Bitcoin Conference, set to be held in Miami next week, confirmed that it has stopped accepting last-minute ticket payments in bitcoin because slow transaction speeds and high fees make paying in bitcoin for bitcoin-related services tedious and inefficient.
“I think what’s going on will definitely come to a bad ending.”
Mr Buffet said bitcoin will not be a currency Berkshire Hathaway would invest on in the future. He said: “We aren’t, believe me. We don’t own any and we’re not short any and we don’t have a position in them.”
7.51am – UPDATE – Price falls as trading ban looms
The price of bitcoin currently stands at $13,607 (£10,056) a shocking overnight fall of over $1,300 after South Korean police raided major cryptocurrencyexchanges as a precursor to a complete trading ban.
The crackdown on Seoul-based operators of some of the world’s busiest virtual currencyexchanges comes as the governmentattempts to calm frenzied demand for cryptocurrency trading in Asia’s fourth-largest economy.
Justice Minister Park Sang-ki said in a press conference: “There are great concerns regardingvirtualcurrencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.”