• Ripple (XRP)

    Ripple is beating bitcoin on Twitter, too

    The remittance network wins hearts and minds on social media as it finds mainstream finance fans  its technology

    The total Twitter following for Ripple, the cryptocurrency exchange and remittance network, is now officially larger than bitcoin’s. A sharp-eyed Reddit user caught this change in pole positions shortly after the tipping point on Wednesday. At the time of this writing, Ripple boasts some 731,300 followers to bitcoin’s 728,900. Ripple had a great 2017, selling just under $92 million of its XRP cryptocurrency in Q4 alone. The company’s 2018 is already off to a promising start as well. MoneyGram, one of the largest money transfer companies in the world, announced that it would use XRP to settle transactions within its own framework just two weeks ago. Most recently, telecommunications company…

  • Innovators,  Ripple

    The valet at the Sofitel just asked me about Ripple

    This is not the end but it is the end of the beginning

    In the stock market, there are many signs of a market top. A bull market that endures eight “distribution days” (a loss of at least 0.2 percent by a major index) while volume is increasing is a classic technical indicator that a correction is inevitable. But there are anecdotal signs as well, and those apply to any market—stocks, real estate, Beanie Babies and without a doubt, cryptocurrency. When investment stories top the evening news, be worried. But it’s also those casual acquaintances that turn toward investment conversations. The always-broke uncle who is suddenly an expert on Zcash, the taxi driver who asks about Monero, the barber who touts the next…

  • Bitcoin,  Innovators

    By ending bitcoin support, Stripe shows what a mess bitcoin is right now

    The nature of bitcoin is changing, and this payment giant wants out

    Internet payment processor Stripe is shutting down its bitcoin compatibility after supporting the cryptocurrency for nearly four years. A post on the company’s blog told the story on Tuesday. Founded in September 2011, Stripe won hearts and minds in the tech scene when it introduced bitcoin payments in March 2014. The company was already a leading platform for moving conventional money over the internet, but now it would be among the earliest of its ilk to implement cryptocurrency as the monetary techno-wonder it purported to be. At the time, company leadership just glowed about bitcoin. They loved that it operated reliably around the world and moved money between places where…

  • Nasdaq
    Bitcoin,  United States

    NASDAQ is launching its bitcoin futures contract sometime in the future

    A few details emerge as CEO Adena Friedman confirms things are in the works

    NASDAQ has been teasing since late last year that it will unveil a bitcoin futures contract, and now we know a little more about how it will work once formally released. Bitcoin’s future pricing is the stuff of hot debate, with strong arguments being made that it will will either soar to new heights in 2018 or crash irreparably. Futures players will be able to place bets on the rise and fall of the volatile cryptocurrency, profiting when they set savvy forward prices. Futures trading is perhaps where fantasy football meets the market—the only thing people love more than being right about a prediction is making money from it. NASDAQ…