• Ripple (XRP)
    Ripple

    Ripple’s XRP rallies on PNC deal

    Gains for XRP have been a bright spot in an otherwise gloomy crypto market

    Move over, Dogecoin—XRP is now rallying, too. Ripple’s token jumped 13 percent Wednesday when it was announced that the company’s xCurrent technology will be used by PNC Treasury Management to process international payments. Pittsburgh-based PNC is the sixth largest bank in the United States, with assets of over $380 billion as of the end of June. Reuters called the deal “a possible precursor to the use of blockchain in mainstream finance.” Gains for XRP have been a bright spot in an otherwise gloomy crypto market. In the past three days, the token has gained roughly 37 percent, compared to nearly flat—albeit volatile—returns in bitcoin during that same time period. Thus,…

  • Asia & Australia,  Bitcoin,  Cryptocurrencies,  Ethereum,  Media,  Politics,  Regulation,  Ripple,  United States,  XRP

    Media finally notices that Bitcoin and Ethereum are actually VERY centralized

    US regulators awakening to reality of China’s total mining dominance

    The issue of how to classify and regulate cryptocurrency and blockchain technology is one that has stumped decision makers in Washington. This is unsurprising, given that offices in the Department of Defense were still using 8-inch floppy disks as recently as 2016. But while regulators in DC wring their hands over who has jurisdiction and whether certain coins are securities or not, many crypto observers fear that China, able to move with the speed and certainty of a dictatorship, is emerging as the gatekeeper of crypto. And that dominance is finally starting to rouse Beltway regulators who fear surrendering America’s digital future. Though China has a ban on trading digital…