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Hallfieldon Aug 31, 2019 10:10am
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Bitcoin drops almost $1000 in 24 hours
Bitcoin drops almost $1000 in 24 hours Hi Brent, In less than 24-hours, Bitcoin dropped from $10,248 to $9,339, in a flash sell-off that jolted the entire crypto market. No. 2 Ethereum fell more than 12% this week, and Bitcoin Cash (BCH), Litecoin (LTC), EOS (EOS), and Stellar Lumens (XLM) also posted double-digit losses. While certainly volatile, this week wasn’t all doom and gloom. Ripple (XRP), down 7.6% this week, fared slightly better than other altcoins. A slew of good news gave XRP a 2% boost to $0.256 Thursday.  According to Fintech Futures, PNC, the eight-largest bank in the US with almost $400 billion under management, has started using the RippleNet blockchain network for cross-border payments. The news, which PNC has yet to confirm publicly, comes after an announcement in September 2018 that the bank would become the first in the US to join the RippleNet. Across the globe, Ripple fans got another headline to cheer about – SBI Holdings announced an interim shareholder benefit program with XRP. As of September 30, shareholders who own 100 or more shares of SBI Holdings will get 30 XRP tokens. The announcement is yet another vote of confidence in Ripple from SBI. The two companies worked together on MoneyTap—a blockchain-based payments application system—in 2018 and together formed SBI Ripple Asia. XRP didn’t see substantial gains from either announcement, but investments from financial giants like SBI and PNC could prove to be a long term bullish signal. Tensions Rising at Facebook Libra as Backers Consider Quitting: Report According to a report from the Financial Times, three of the firms (which were not named) expressed concerns over being seen to be linked to the project after watchdogs around the world raised concerns over its potential threat to financial stability. Judge Finds Craig Wright Committed Perjury, Must Surrender Half of his Bitcoin Billions Following yesterday’s court hearing in a dispute between the estate of deceased computer scientist Dave Kleiman and his former business partner, the self-professed inventor of Bitcoin Craig Wright, the court has entered documents into the record that confirm earlier reports of the judge’s ruling against Wright. Telegram Will Officially Launch its Gram Tokens Within Two Months After raising more than $1 billion in one of the most successful ICOs in the crypto sector, Telegram is now ready to launch its Gram tokens by October. Button Wallet has also announced it will facilitate trading of the tokens. Alibaba, Tencent, Five Others To Receive First Chinese Government Cryptocurrency China’s central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher. |