[ad_1]
From a potential Bitcoin rebound to the adoption of Ripple's cross-border payment technology, here are some of the stories that open up in the world of cryptography.
Bitcoin and Crypto Markets
A technical indicator indicates a potential rebound for Bitcoin and for the general cryptocurrency markets.
Bloomberg's Galaxy Crypto Index is in oversold territory. The last time the index was in this position, a 20% rally followed. However, the potential impact may be short-lived. According to Bloomberg, the strength indicator is "unlikely to be indicative of a long-term trend".
Ripple and XRP
The foreign currency broker and international payment provider Currencies Direct states that Ripple's cross-border payment technology is a turning point. According to Finextra, the company is planning to use Ripple & # 39; s xCurrent to open a new corridor of cross-border remittances from the UK to India.
"Whether you're a consumer, a single merchant, a finance manager, or a controller, people always want to have their money visible and see xCurrent as a gamechanger for payments."
Currencies Direct also experimented with Ripple's RAPID XRP. In May, the company reported a successful pilot program that used xRapid to complete several money transfers in seconds.
Ethereum
The US Commodity Futures Trade Commission states that it needs more information before allowing Ethereum to become part of Bitcoin in futures markets.
The CFTC is asking the public for feedback and information so that we can better understand Ether (ETH) and the Ethereum network. Specifically, the watchdog is looking for indications on the use cases of the platform and whether the cryptocurrency is "prone to manipulation".
EOS and Cardano
Cardano creator Charles Hoskinson says he believes EOS is looking for some problem with the SEC.
According to Crypto Briefing, Hoskinson claims that the huge $ 4 billion platform ICO was "good at the core". US citizens have been banned from ICO, but Hoskinson believes the SEC will act because EOS tokens could be purchased in the US through secondary markets without know-your-customer verification.
Cryptographic cards
To celebrate the holiday season, Coinbase offers an easy way to spend crypt in a long list of retailers including Nike, Dominos, Adidas and Uber.
Coinbase customers can instantly turn Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, Zcash, Basic Attention Token and 0x into gift certificates at no additional cost.
Join us on Telegram
& nbsp
Disclaimer: the opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and operations are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital assets, nor The Daily Hodl is an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Check out the latest news
