BITCOIN AND CRYPTO LOANS

The crypto industry has been around for only a decade and is fairly new. However, throughout this short period of time, there have been numerous advancements made in the crypto world. One of the newest developments is the rise of platforms created to lend loans to people with crypto coins. Every one of these platforms has a unique strategy, yet, the common theme is getting cryptocurrency by use of smart contracts.

Interest, as well as credit payments, are tracked through the smart contracts, which also prevent interference in the process. In contrast to traditional loans, credit checks and scoring are not needed. The lender also can’t apply physical pressure towards the borrower.

Crypto loans appeared in the public eye last year when the market was suffering and Bitcoin prices were declining rapidly. There were many crypto investors at that time that did not want to sell the coins with low prices, so they lent their crypto investments and earned money through interest.

There are numerous reasons why crypto loans earned popularity in the crypto community. The interest rates of crypto lending are low. In addition, there was a significant increase in the number of crypto owners that were interested in receiving profits quickly. The system for crypto loans is usually much more efficient than the traditional system, which means that people that were refused loans by banks could switch to cryptocurrency.

This new market grew very quickly and is currently estimated at around 4.7 billion USD. The number of users is increasing on the daily basis. Based on numerous reports, lenders have made 86 million in interest in the last year and the volume of lending grew to 159 million USD in the second quarter of 2019.

As the crypto market, particularly Bitcoin, is seeing an increase in prices, the crypto loan industry is becoming bigger and bigger.

 

Bitcoin is gaining more and more attention as the next reward halving is approaching. To find out more Bitcoin and its price, check out  Bitcoin Price updates and Bitcoin (BTC) Price Predictions.

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ETHEREUM 2.0 UPDATE REPORT IS OUT

Prysmatic Labs, a company created to solve the issues of Ethereum’s scalability, released a new report on the Ethereum 2.0 development as well as fresh updates. In the report, the new modifications were talked about in detail along with new stages that are meant to reduce the difficulty regarding further development of the blockchain technology.

According to the report, on November 21, the revision of prism nodes was finalized. As a result, incoming variations were rejected. After a while, the Prysmatic Labs team also faced an issue regarding fork choices, this lead to a conflict of ideas on the right finalized checkpoint.

After this, the employees made a decision to write a code in order to locate the bad node and, by using different techniques finally narrowed down the issue at hand. Based on the report, employees also upgraded the block processing time by diminishing issues in the database.

The team claimed that currently a laptop can sync from 50 to 60 blocks in a second on their network, hence, the database size decreased to 600 MB in combination with additional features.  What this means is that it’s now possible to sync 150,000 blocks per hour to the head block.

As stated in the report, during the last couple of weeks, other new features were also added to the testnet. Now it is possible to filter through active validators and see whether an epoch is finalized or not. On the other hand, another new feature allows users to directly filter through genesis data.

In addition, under the ‘upcoming’ section the team mentioned that they will focus on integration of Slasher with the Beacon Node as well as improving the Person To Person (P2P)  network by enhancing the connection manager to have a hard limit on peers.

To learn more information about Ethereum & Ether price, take a look at Ethereum Price updates as well as Ethereum Price Predictions. Be in charge of the potential price and crypto market movements by staying informed.

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XRP PRICE PREDICTIONS

During the last weeks, prices of cryptocurrencies have been suffering. According to Coin360, the value of big cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP and others connected to them, dropped by 20 percent in only a month. The main reason for price falls was considered the actions from Chinese regulators towards cryptocurrency exchanges.

However, according to recent analysis, the price of the third-largest crypto coin by market cap, XRP, is going to grow, especially compared to Bitcoin. A famous crypto investor, that at the beginning of 2019 gave very accurate crypto predictions,  suggested that the XRP/BTC pair is going to rise rapidly. A declining resistance line is rumored to be about to break.

The crypto investor mentioned that considering how important this breakthrough is, this might be an opportunity to make Bitcoins easily. Yet, he also mentioned that the price might not rise as quickly and that this shouldn’t be taken as direct investment advice.

After this investor’s prediction, signs appeared of an altcoin price growth, which means that XRP price is going to rise too as it is such a big cryptocurrency.

A former cryptocurrency analyst, according to Ethereum World News, stated that altcoins are displaying strength, which would probably result in price growth. Backing this prediction, he showed that the ALTS/BTC pair is about to break out of a bearish section.

In the past days, XRP has shown other positive signs for potential rise. Only in the last week, both the company, Ripple, and the coin, XRP have been mentioned in large publications such as BBC and Bloomberg. There have been also financial companies that were rumored to start using Ripple for transfers soon.

 

To get more information on Ripple & XRP price, check out Ripple Price updates & Ripple (XRP) Price Predictions to stay up to date with the changing price & market movements.

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CARDANO PRICE RISE AFTER ADAPAY RELEASE

The Cardano Foundation, in collaboration with COTI, launched AdaPay. By using this new service Ada users have the ability to convert the crypto coin into 35 different fiat currencies. After that, the currency is sent to the person’s bank account in real-time.  In order to use the AdaPay service, a user should join the COTIpay platform, a digital space that enables accepting all payment methods, making transfers easier than ever.  AdaPay is meant to make it easier to pay with Ada tokens. The Cardano Foundation is famous for being an advocate for using blockchain in real life, specifically in Business To Business (B2B) payments.

The solution was launched on November 28, 2019. Through AdaPay businesses can easily launch a Cardano-based payment gateway. To do this the representative of the business should only fill out a short form. However, there is a requirement for a minimum sales volume of 50,000 USD. The settlement to a bank account is almost instant, which means that the Cardano Foundation has created a new type of payment method which combines advantages of crypto and traditional payments.

Unsurprisingly, after the release of AdaPay, the price of the token grew The response of the market to Cardano’s solution release was very bullish. During the last couple of days, ADA price increased by 25 percent rising to 0.041 USD. ADA even briefly entered the TOP 10 cryptocurrency list based on market capitalization. However, at the present time, ADA is listed as 12th on the basis of market cap right after TRON (TRX) with a market cap of almost 26 billion USD.

The Cardano Foundation is working on building new ways to make using cryptocurrency for payments more convenient. To find out more information and detail about Cardano and ADA price, check out Cardano Price updates and Cardano Price Predictions to be more conscious of the market and your investment decisions.

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BTC AND BCH HALVING PREDICTIONS

The next Bitcoin reward halving is quickly approaching and there are only 164 days left. Despite this and the fact that Bitcoin price dropped last month, the hash rates on Bitcoin (BTC) as well as Bitcoin Cash (BCH) chains have remained stable. In the face of the next halving, a number of miners have been accumulating crypto coins, since generally after reward halving we see a rise in crypto prices. Together with this, according to recent analysis, despite the bearish price trends in recent months, things might be heading in a positive direction for the crypto community.

Looking closely at halving cycles, we can see that the current pre-halving course is very similar to the previous two ones. Each cycle consists of 210,000 blocks, which is four years. Right before the end of each cycle, there can be seen major price lows, and post-halving highs are also the standard. This is one of the reasons why many crypto enthusiasts have high predictions for Bitcoin in 2020 and onward.  Yet, the cycle peaks are also expected to be lower than previously each time. Even with this prediction, the Bitcoin price could potentially hit 80,000 USD.

As Bitcoin mining is going to happen in May 2020, a month before, the Bitcoin Cash halving will happen. This gives way to a lot of speculations. There is a hypothesis that as some businesses dropped Bitcoin and moved to other crypto coins and as many Bitcoin owners turn from users to HODLers, the Bitcoin Cash halving will somehow affect the price of Bitcoin.

However, as the supply of Bitcoin lowers after the mining and the interest grows, there is a reason to expect that 2020 will be a good year for Bitcoin. As in 2019 the first crypto coin’s price also drastically grew after the crash of 2018.

To stay up-to-date with Bitcoin, its price, and other related news, check out Bitcoin Price updates and Bitcoin (BTC) Price Predictions.

 

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BITSTAMP USES RIPPLE FOR TRANSFERS

Bitstamp, a Luxemburg-based bitcoin exchange, offers United States Dollar (USD), Euro (EUR), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Bitcoin Cash (BCH) deposits and withdrawals. Bitstamp is also considered to be one of the biggest cryptocurrency exchanges and recently the platform added a feature to instantly fund accounts with the USD through Ripple. This was made possible by the launch of an on-demand Ripple liquidity corridor.

A month ago Ripple, a blockchain-based platform that improves global payments, reached 300 customers making 2019 the most successful year for the company. More than twenty businesses are currently working through the On-Demand Liquidity(ODL) by Ripple for international payments.

The Chief Executive Officer of FlashFX, a company that uses Ripple’s technology, said that being among the first adopters of the technology, they have noticed the advantages that it provides and see that it has the potential to be used for more than global payments.

Ripple recently invested 50 million USD in MoneyGram, a US-based company that works on international financial transactions, and released new payment corridors throughout Europe and Australia. One of the conditions of the deal was to use Ripple’s currency, XRP, as a bridge in order to increase the adoption of the crypto coin.

The number of XRP transactions reached an all-time high on November 23, for the first time the number exceeded 4 million.

It was recently announced by FlashFX that the crypto exchange, Bitstamp, is now using the Ripple system instead of SWIFT making international transactions faster, cheaper and easier. The Chief Executive Officer of Ripple also commented that Ripple is a much better alternative for SWIFT.

Even though Ripple’s cryptocurrency has a volatile price it is much more efficient for international trading.

 

Ripple is gaining more support and adoption daily. To get more information about this platform & XRP, check out Ripple Price updates & Ripple (XRP) Price Predictions.

 

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INCREASING STELLAR TRADING SUPPORT

One of the most prominent issues throughout the history of crypto coins is mainstream adoption. Although the usage of cryptocurrency is increasing yearly, it is still not at its peak. Recently three prominent cryptocurrencies Stellar Lumens, Ravencoin and Verge have increased their adoption as it was announced by three crypto exchanges that the coins will be traded there.

A Switzerland-based exchange, SMART VOLAR, announced this week that it will add Stellar Lumens (XLM), a coin that is ranked in the TOP 10 cryptocurrency list with a market cap of more than 1 billion USD, to its trading platform. The coin was chosen due to its fast payment network and unique approach. It also has one of the lowest transaction fees and by introducing Stellar Lumens, the exchange will have more options to offer.

Days later another crypto exchange, Changelly, declared that it will have Ravencoin (RVN) on the platform soon. Changelly is a non-custodial crypto exchange founded in 2015 that currently carries over 150 coins on the platform. Ravencoin, on the other hand, is ranking 46th in Coinmarketcap.com with a market cap over 110 million USD. The coin also recently won a token poll organized by HitBTC.

Bitfare, a cryptocurrency trading platform founded in 2019, announced that it will incorporate Verge (XVG) on the platform on December 6. The exchange also stated that there will be six trading pairs with the coin including Bitcoin, Ethereum and Tether. Verge is an up-and-coming coin ranked in the TOP 100 cryptocurrencies with the highest market cap. It is available on the Bitfare platform and presently is in the pre-trade stage.

 

Stellar Lumens is getting bigger and bigger in the community every day with its high speed and low cost service. To gain more information about Stellar Lumens & its price, check out XLM Price updates and Stellar Lumen (XLM) Price Predictions. Be informed about the crypto market and the coins that you invest in.

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