XRP Price Prediction Today: Daily (XRP) Value Forecast – July 30

FOIL Request Denied by NYDFS Puts Ripple’s Subsidiary (XRP II, LL) in a Hot Dispute
  • The Coin is also in its previous range between the levels of $0.28 and $ 0.34.
  • On the upside, if the bulls break above the 12-day EMA and the 26-day EMA, the coin will face resistance at the $0.34 price level.

XRP/USD Medium-term Trend: Ranging

  • Resistance Levels: $ 0.44, $0.46, $ 0.48
  • Support Levels: $0.31, $0.29, $0.27

Yesterday, July 29, the XRP price was in a range bound move below the 12-day EMA and the 26-day EMA. The Coin is also in its previous range between the levels of $0.28 and $ 0.34. Today, the XRP price is in a bullish trend. On the upside, if the bulls break above the 12-day EMA and the 26-day EMA, the coin will face resistance at the $0.34 price level.

On the other hand, if the bulls fail to break the EMAs, the crypto’ price will continue its range-bound move between the levels of $0.28 and $0.34 price levels. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

XRP/USD Short-term Trend: Bullish

On the 1-hour chart, the XRP price is in a bullish trend. The 12-day EMA and the 26-day EMA were trending horizontally but are now pointing northward. Today, the bulls break above the EMAs and are reaching the high of $0.32 price level.

The Coin was facing resistance at the $0.32 price level as it retraced to the support of the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

XRP’s price is $0.32 XRP/USD exchange rate today. The real-time XRP market cap of $13.67 Billion currently ranks #3 with , daily trading volume of $202.78 Million and live coin value change of XRP 2.61 in the last 24 hours.

Latest Ripple Industry News and XRP Coin Analysis Updates

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. “

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez Mustapha

Seagate Shares Rise After Reports Emerge of Ripple Ownership And Its Blockchain Project Moving To Crucial Stage

IBM And Seagate Partner Up to Confront Fake Hard Drives with Blockchain Tech

On Monday, Seagate shares soared after a report emerged indicating the technology company owns a sizeable part of crypto-based firm Ripple.

According to the report Seagate owns approximately 4% of Ripple. According to CNBC neither Ripple or Seagate could confirm the revelations. Following the revelations, Seagate’s shares rose by a margin of 16% following the opening of the market.

Ripple is the third largest cryptocurrency in the world and has a market cap of more than $80 billion as per data from CoinMarketCap. The blockchain startup owns 61% of the 100 billion XRP coins that are in circulation and are commonly referred to as Ripple.

Speculations have been rife over the years of the percentage of Ripple owned by Seagate. Seagate is listed as one of the major owners of Ripple in its website.

Seagate was among the major investors in Ripple’s Series A funding round that occured in 2015. Seagate was also a major investor during the Series B investment in september 2016. However, details about Seagate’s Ripple investment remained scanty as no official report has ever been released by any of the company.

Seagate Blockchain Supply Chain Project Now in Pilot Stage

Meanwhile, in other related news Seagate’s partnership with IBM’s blockchain platform is now in the pilot stage. Seagate intends to use IBM’s blockchain supply chain technology to follow hard drives throughout its supply chain.

Seagate partnered with IBM to use the IBM’s blockchain platform in 2018 and also working together as IBM is a major hard drive customer.

Speaking to Forbes, Manuel Offenberg, Seagate’s research group managing technologist of data security explained that the two companies started a proof-of-concept [PoC] with IBM, and the proof-of-concept was about product provenance.

During the proof-of-concept stage, Seagate indicated that the blockchain technology was effective and will be in sync with its line of products. Offenberg explained:

“We just went through an executive review on the next step, and the next step is starting a pilot with IBM.”

Offenberg stated that Seagate looks forward to prove the project’ scalability through the pilot. The official added that although the pilot has not yet started, the company has already received a green light to carry on with the project.

According to Offenberg the partnership between Seagate and IBM aims at enhancing the customer confidence that the products they receive from Seagate are genuine and original. He explained further:

“In this case, IBM is both the customer of these drives, as well as the technology provider for the underlying Hyperledger Fabric platform.”

The blockchain supply chain technology will also track the products in case of product return. Offenberg explained that the solution will also ensure that no counterfeits are returned to the company.

Seagate will work closely with IBM as its client during the piloting phase. However, Seagate plans to involve other clients in the reverse supply chain. Offenberg indicated that the company will involve larger firms since they offer most of the business to Seagate.

Where do you see Seagate going next after venturing in blockchain-based solutions and ventures? Share your views with us in the comments section.

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Author: Joseph Kibe

Ripple Expands Its University Blockchain Research Initiative (UBRI) To Japan, Now in 14 Countries

Ripple Expands Its University Blockchain Research Initiative (UBRI) To Japan, Now in 14 Countries

Ripple, the company that created the third-largest cryptocurrency by market cap, XRP, has decided to expand its University Blockchain Research Initiative (UBRI). Now, the company has expanded the program to Japan, which makes it present in 14 different countries.

According to the reports, the University of Tokyo and Kyoto University will be a part of the initiative. At the time of this report, UBRI has 33 universities as partners and the number continues to increase with these additions.

The goal of UBRI is to accelerate academic research and innovation about the blockchain all over the world. In order to foster the blockchain technology, Ripple has several partnerships with post-doctoral programs and undergraduate students.

Kyoto University, for instance, will host interdisciplinary workshops that will use the blockchain technology to address global problems. The Department of Economics of the University of Tokyo is starting seminars related to the technology and professors from both universities are starting some research in the area.

As a part of the initiative, the University of Tokyo has affirmed that it will also grant scholarships to the students who are chosen to be a part of the research team.

Ripple and Japan United To Develop Blockchain Technology

According to Eric van Miltenburg, the special vice president of Global Operations at Ripple, the company’s university partners are continuing to transform the world by studying the technology and the academic community is set to be vital in the future of the industry.

He also affirmed that the UBRI network will continue to grow across several countries and that this will accelerate the development of the blockchain across different realities, all with the help of Ripple.

Miltenburb believes that these programs will be important in order to prepare the next generation of people who will work with the blockchain. Entrepreneurs, engineers, and developers will get the expertise that they need in order to create better products.

Emi Yoshikawa, the senior director of Global Operations at the crypto company, praised Japan for becoming a leading force in the crypto industry. According to her, the region is one of the ones that is exploring more of the blockchain ecosystem right now and is set to have great results in due time.

She affirmed that there are very high levels of academic interest in the blockchain and that, with the help of Ripple, Japan is set to become an important country in this landscape.

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Author: Gabriel Machado

Kraken Enables New Options To Fund 5 Top Fiat Currencies; USD, EUR, GBP, CAD and JPY

Kraken Enables New Options To Fund 5 Top Fiat Currencies; USD, EUR, GBP, CAD and JPY

Kraken, a crypto exchange based in the U. S., has recently started a new partnership with Etana Custody. This new partnership will enable the company to offer deposits and withdrawal for five major fiat currencies: U. S. dollars (USD), euro (EUR), Canadian dollar (CAD), British pound (GBP) and the Japanese yen (JPY).

The company announced that starting this week, the new partnership will enable the clients to use these options. However, the standard “Starter” accounts. Only “Intermediate” and “Pro” accounts will receive the benefit.

In order to use this new feature, the traders will have to use the integrated Etana Custody Wallet and to register a bank account that will wire the money to buy the new tokens. Unfortunately, it may take up from one to five business days in order to receive your tokens since wire transfers are notoriously slow.

The customers of the company will also be able to convert their money between all the five fiat currency options, according to the announcement.

It was also revealed that because of this integration the users can also access the market via Meta Trader platforms without issues.

Etana Custody is a company based in Auckland that provides crypto custodial solutions for its clients. Kraken is considerably more famous and it is one of the most important crypto exchanges in the world. It has 24 crypto tokens listed that form 74 unique trading pairs.

Several Crypto Exchange Are Starting to Support Fiat

The crypto world definitely does not live in isolation anymore. As crypto trading started to get really prominent, several companies are following the same trend that Kraken is following just now: they are starting to offer fiat options.

Bitstamp, for instanceiss a major European exchange that has finally started to accept GBP. This is very important, especially now that Brexit is about to happen because it will connect the U. K. to European crypto markets.

Smart Valor, too, is a Swiss platform that is considerably interested in creating a bridge between the crypto world and fiat currencies. It seems that integration is the way for the future.

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Author: Gabriel Machado

Taiwan Grants Virtual Banking Licenses To Three Companies to Make a Push for Digital Banking

Taiwan Grants Virtual Banking Licenses To Three Companies to Make a Push for Digital Banking

Three companies have recently acquired virtual banking licenses from the government of Taiwan. This the first time that the government does this, as Taiwan is starting to follow other regulators in Asia which are on the move to regulate their markets properly.

The licenses have been awarded to Rakuten International Commercial Bank, LINE Financial Taiwan (a subsidiary of the LINE Group in the country) and the local operator Chunghwa Telecom. These are important groups, which include two Japanese companies (Rakuten and LINE) and one Taiwanese firm.

According to the reports, no more licenses will be issued to more companies so soon, so these three will be the only one with permission to act like virtual banks in Taiwan for some time. Initially, only two licenses were to be given, but each company had a pretty different business model, so the regulators decided to award each one of them with the license they wanted.

Fergus Gordon, the leader of Accenture’s Banking practice in Asia, affirmed that these new actors which are appearing in Taiwan are likely to be focused on specific markets such as microloans and SMEs. They want to be more efficient than traditional banks in these areas, which are not as popular with them, so they can carve their place in the market.

This event follows a trend that is happening in Asia right now. Several fintech companies are starting to challenge the local banks by offering innovative digital banking solution. This is increasing the competition in the area and starting to create a revolution in Asia.

Hong Kong gave out a total of eight virtual banking licenses to companies such as the Alibaba Group Holding and Standard Chartered while Singapore decided to give away five licenses.

Regulators from countries such as South Korea, Malaysia and Thailand are also considering to do the same, which shows just how the market has been evolving lately.

Digital banks are growing a lot in the region and the consultancy firm McKinsey affirms that if these banks continue to dominate the market, traditional banks may have a problem as their profitability will get considerably more low by 2023.

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Author: Gabriel Machado

Crypto Exchange Smart Valor Launches Integrated Trading and Custody Platform In Switzerland

Crypto Exchange Smart Valor Launches Integrated Trading and Custody Platform In Switzerland

A Swiss cryptocurrency exchange called Smart Valor has been launched this week. The new company will trade Bitcoin (BTC) and Ethereum (ETH), which can be traded against the Swiss franc, euro, and U. S. dollar.

According to its team, the services will be a combination of the brokerage with custody and new currencies are set to be added monthly. The company will also eventually have its own token, the VALOR currency.

Smart Valor’s CEO Olga Feldmeier has affirmed that it took 18 months of development for the company to be ready to launch its platform and that this can be a huge step for the market because it will be the first security token exchange for alternative investments.

The headquarters of the new company will be based in Zug, which is also the base of the Crypto Valley Association, an important blockchain organization in the country.

Olga affirmed that Switzerland is one of the largest wealth destinations of the whole world and it has been an important figure for data privacy and security for years, which is why the country was chosen to be the location of the company.

Before the launch of the platform, the company was able to get $3.25 million USD from its latest investment round. The round was led by companies such as Tally Capital and Venture Incubator and it has several investors from Asia and the United States.

Companies From The Crypto Valley Are Growing Up

Switzerland is certainly turning into an important crypto hub. Several companies from the country, specifically from the so-called Swiss Crypto Valley are growing up a lot lately in this important hub.

Aximetria was one of the companies that recently rose to prominence as it was able to get the country’s Anti-Money Laundering license, a very important license that is very difficult to get.

Smart Valor will be another company from the region to offer its services in the crypto market. The company had its activities approved last year by local regulators. At the time, it was able to get investments from several important companies in the country.

David Johnson, an investor of the country, affirmed that Switzerland needs its own Coinbase-like company and he believes that Smart Valor will be able to fill that role.

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Author: Gabriel Machado

Sigma Protocol Officially Launches on Zcoin’s Mainnet

Sigma Protocol Officially Launches on Zcoin’s Mainnet
  • The Sigma protocol will replace the Zerocoin protocol.
  • The main purpose of the new protocol is to prevent scammers from creating fake privacy coins.

The Zcash cryptocurrency is known for its anonymity but reports from The Block show that the token is working to expand its platform with a new protocol.

The protocol, which is called Sigma, officially launched on the mainnet today, replacing the former Zerocoin protocol. The anonymity-focused asset was one of the first cryptocurrencies to end up using zero-knowledge proofs.

The implementation of the Sigma protocol is supposed to help with the correction of vulnerabilities that previously existed with Zerocoin. More specifically, it should prevent attackers from inflating the supply through the creation of fake privacy coins, which Zcash has already dealt with this year.

The new Sigma protocol, which continues to use the zero-knowledge proofs, is meant to be the “realization of Zcoin’s vision to improve on privacy coin usability without compromising security.”

According to the official Zcoin website, Sigma is already live, though there will be a maintenance release soon that will resolve some of the bugs discovered on the protocol. To see the progress of the release, consumers can visit the Zcoin GitHub page.

Users that already have Zerocoin protocol mints have the next six months to redeem them for Sigma mints instead.  The official announcement on this launch can be viewed at https://zcoin.io/sigma-is-live-on-zcoin/.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Krystle M

Coinbase Pro Welcomes Tezos (XTZ) to Platform, Enabling Full Trading with USD and BTC Pairs

Coinbase Pro Welcomes Tezos (XTZ) to Platform, Enabling Full Trading with USD and BTC Pairs
  • Coinbase Pro will accept incoming XTZ transfers on August 5th.
  • In the last 24 hours, the price of the Tezos token has risen by over 20%.

Coinbase Pro has consistently worked to make sure that consumers have a wide variety of options for trading, adding new tokens to their platform relatively frequently. According to a new blog post from Coinbase, the platform has decided to add XTZ, the cryptocurrency asset from Tezos.

However, the inbound transfers of this token are not going to be accepted until August 5th, and the company states that the deposits will be available for a minimum of 12 hours before full trading is enabled.

Whenever Coinbase adds a new token, they offer this period of incoming-only transactions to establish a sufficient supply of the asset for trading. The orderbooks for XTZ/USD and XTZ/BTC will be started in phases, allowing for full trading when the “metrics for a healthy market” are met.

The only state that will not immediately offer support for XTZ is New York, though other jurisdictions may be added later.

Tezos offers proof of stake consensus on its decentralized computing platform. It also allows developers to verify code accuracy with formal verification, and the stakeholders have control over changes to the protocol with voting protocols.

There are four phases that Tezos will go through, just like every other cryptocurrency that is added to Coinbase Pro. Those phases are:

  1. Transfer only, which allows customers to add XTZ to their accounts, but they will not be able to perform any other functions yet.
  2. Post only, which lets customers post orders, but nothing will be completed. However, these orderbooks will only be in this phase for about a minute.
  3. Limit only, which will start matching orders, but market orders cannot be submitted. The minimum time in this phase will be 10 minutes.
  4. Full trading, which includes all orders and all transactions.

Previously, newly added tokens on the Coinbase Pro platform would experience a jump in value around the time of the launch. Presently, the XTZ token is priced at $1.24, rising by 22.28% in the last 24 hours.

A separate announcement by Coinbase will be published if XTZ is added to Coinbase.com or the consumer mobile apps. This addition will only include Coinbase Pro.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Krystle M

CHAINLINK Price Prediction Today: Daily (LINK) Value Forecast – July 30

ChainLink-is-Dominating-Over-Other-Altcoins-in-the-Market
  • The short and medium-term outlook is in a bullish trend.
  • Traders may consider buying at pullback area.

Supply zone: $4.00, $4.50, $5.00
Demand zone: $2.00, $1.50, $1.00

CHAINLINK is in an uptrend in the medium-term outlook. The pinbar formation at $1.96 in the demand area suggests bearish exhaustion and trend reversal. $2.13 was the initial high. Increased bullish pressure pushed price further up at $2.20 with the breakout at the 10-EMA.

Price is above the two EMAs and the signal of the stochastic oscillator signal points up at 58%. These imply upward momentum in price with the target at $2.30 a key supply area in the medium-term.

LINK/USD Short-term Trend: Bullish

The short-term outlook of the cryptocurrency is in an uptrend. Though the bears had a brief control of the market as the market opens at $2.13 with a drop at $1.96 before exhaustion sets in. The bulls gradually set in with a breakout at the 10-EMA.

Price is up at $2.11 in the supply area. Increased momentum led to further upward price movement at $2.20 in the supply area above the two EMAs.

The signal of the stochastic oscillator points down at 60% an indication of minor drawdown reflected in the bullish flag currently been formed an indication of imminent bullish continuation.

$2.30 in the supply area is on the card as the pressure becomes stronger in the short-term.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

Blockchain Platform Solana Acquires $20M In A Funding Round Spearheaded By Multicoin Capital

Blockchain Platform Solana Acquires $20M In A Funding Round Spearheaded By Multicoin Capital

Blockchain platform Solana has raised $20 million in a Series A round led by Multicoin Capital.

Cointelegraph reports that the round also saw participation from Distributed Global, Blocktower Capital, Foundation Capital, Blockchange VC, Slow Ventures, NEO Global Capital, Reciprocal Capital, Passport Capital, Rockaway Ventures, Kevin Rose, and Lyndon Rive.

According to Solana it is the world’s first web-scale blockchain that delivers layer 2 performance with layer 1 security and simplicity. It claims to achieve massive performance leaps through a set of coordinated optimizations that reach deep into how code compiles at the processor level.

Transactions are also processed in parallel by GPU hardware natively, which is a first for all blockchains. Solana is the only blockchain that’s multi-threaded. Anatoly Yakovenko, Solana’s co-founder and project lead explained more about the project:

“Other than Solana, all blockchains are single-threaded processors. That is, they can only make one state update at a time. This is the single greatest challenge holding back the industry today. By architecting a system designed from the ground up to support concurrent processing, and by optimizing computation for massively parallel GPUs, Solana can process 50,000 TPS across a network of 200 nodes—and it does so without creating any additional overhead in terms of UX, latency, or composability for developers.”

The funds will be allocated toward engineering and project management to help fuel growth as the Solana network launches its mainnet.

Yakovenko also explained that developers have been facing challenges with layer 2 and sharding solutions and the initiative aims at providing developers simple alternatives that do not sacrifice performance.

The Participating investors are calling Solana the first-ever web-scale blockchain, meaning it is the first solution capable of hosting applications with computational bandwidth akin to the modern Internet. In essence, the product could power decentralized versions of Nasdaq, Facebook and all other existing blockchains with room to spare.

Co-founder and Managing Partner of Multicoin Capital, Kyle Samani said that Solana is the closest thing to the world computer blockchain developers conceptualized in the early days of crypto.

According to Cointelegraph Samani added that Solana will allegedly scale on the base layer without sharding, explaining:

“While many developers have proposed sharding solutions for scaling existing layer 1 solutions, they introduce a tremendous amount of complexity and create new user experience problems that are difficult to solve.”

What’s your thoughts about Solana? Will it live to its promise? Let us know in the comments section.

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Author: Joseph Kibe