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For the first time in a long time (what seems like a living memory) the cryptocurrency markets have seen a slight increase this week, satisfying investors all over the world. Now, we are still at the beginning, we can not really see the full scale of this wave and indeed, the correction is sure that it will resume, but, at least, reminds us that the cryptocurrency still has the ability to grow, even at a rate fantastic
The news came out in a hurry this week – even anticipating the inevitable period of inactivity of the holiday and it's all thanks to the positive markets, so let's take a look at what happened.
XRP
It was another fantastic week for XRP, which started a series of short peaks. Of course, this may not have lasted as long as investors would like to have, however it is still nice to see XRP moving in the right direction. In terms of news, XRP has hit the headlines on numerous occasions, involving news of Brad Garlinghouse, CEO and Western Union.
According to reports, Garlinghouse recently spoke with the anti-XRP crowd, stating that it is quite clear that XRP is not a security:
"Brad Garlinghouse, CEO of Ripple, has recently sat in an interview with Ripple's marketing manager, Monica Long, in a session & # 39; Ask Me Anything & # 39; startup, the current state of cryptographic markets, XRP, etc. During the lively discussion, Garlinghouse was questioned by Long about whether the native token of Ripple, XRP is safe or not and for this, the CEO has clearly stated clearly that XRP is clearly not a security ".
Moreover:
"Garlinghouse went on to say that XRP exists separately from the company, which has created products like xCurrent and xRapid that use XRP to facilitate cross-border agreements.G Garlinghouse has stated that there is a lot of basic reasons for One of the most important beliefs is that … if Ripple closes the company, XRP will exchange more than a hundred exchanges around the world and XRP will continue to trade. "
As for Western Union, the money transfer service released a new video on Thursday suggesting a big step towards cryptocurrencies inside current XRP operations. If this is true and Western Union is planning to expand into a crypto, it is quite likely that their currency of choice will be XRP, if not based on XRP, since Western Union and Ripple already have a strong working relationship.
Or maybe it's just a speculation.
IOTA
The IOTA Internet of Things giants have made progress this week with announcements related to their partnership with the German car manufacturer Audi. IOTA and Audi have worked together for a number of months, now a statement has been released that suggests that the couple's work is going well. The results of a series of projects between Audi and IOTA have been projected to a selected audience in Berlin.
"The IOTA Foundation and the automaker have decided to embark on an adventure to explore the opportunities of IOTA technology in order to solve real-world problems in the automotive space, the Internet of Things (IoT) and mobility. months since the two companies started this journey and the team showed their work to an exclusive audience in Berlin and Ingolstadt.The Foundation claimed that the presentation was a success, and was another example of the importance to explore new technologies like IOTA with a customer-centric approach ".
We expect other news to come from this partnership, let's face it, it's pretty big.
USDT
Tether, the team behind the USD sttecoin has been the subject of controversy in recent months with claims that Tether did not have enough money to support their full USDT tokens. For the context, the USDT is pegged to the US dollar, so it is always equal in value. For this to happen, however, there must be the same amount of USDT as their US dollar in Tether's bank account. Many have accused Tether of not having enough money to support the maintenance of their token, however, Bloomberg has recently discovered that some statements made by Tether claiming to have enough money in the bank could actually be true.
"As a direct result of this uncertainty and FUD, the USDT remained a very controversial topic until the end of 2018, people question the integrity of Tether and the general concerns of consensus that trust could be a problem in all of this: In order to dust off some of its reputation, in November 2018 Tether announced that it actually had the funds to support all USDT tokens, claiming to have $ 1,831,322,828 in the bank. "
This week, it was confirmed that this statement is probably true!
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