Author: Dalmas Ngetich

Alt Coins

Ripple Set To Benefit From MasterCard’s Acquisition of Nets

Dalmas Ngetich

Cory Johnson has posted on Twitter what looks like a significant Ripple advantage. Mastercard has purchased Nets, a Denmark based payments platform for $3.19 billion. The crypto influencer and former chief market strategist at Ripple wrote: “I know the XRP community is focused on the impact of Facebook’s Libra, but this Mastercard deal could be even more important to Ripple’s ecosystem. If nothing else, it’s validation that real-time payments is clearly the coming wave.” Mastercard Inc., the financial services corporation, is going to utilize Nets to help move its operations into the faster payments zone. The American multinational principally processes banks payments between merchants and card issuers. Nets is an electronic billing platform, with instant payment and clearing capabilities as well…

Alt Coins

Ripple (XRP) Price Meaningless, Deep Liquidity Matters

Dalmas Ngetich

Ripple (XRP) has been trading on a bearish bent barely rising above the $0.33 price range. Some XRP investors who have been eyeing some returns with its price are getting a tad frustrated. Toughened XRP holders are, however telling them that tokens price does not matter in the face of platform’s increasing liquidity. Eric Dadoun, for instance, writes:  “Very bullish seeing the liquidity impact of MoneyGram. Deep liquidity eventually enables real players (IE: banks). You can’t transfer meaningful fund sizes when the order books can’t support a fraction of it while remaining stable. XRP price is meaningless for now”. During MoneyGram’s Q2 2019 earnings call, CEO, Alex Holmes had a lot of praise for Ripple. Holmes touted the benefits of his company’s agreement…

Alt Coins

Bitcoin and Cryptocurrency Trading in Iran Illicit

Dalmas Ngetich

There have been reports that cryptocurrency miners have increased Iran’s energy consumption by 7 percent. The Iranian government has, nonetheless, been very accommodating to the miners. The West Asian nation has ratified a bill that officially acknowledges cryptocurrency mining. The Iranian government, however, has not been so friendly towards cryptocurrency trading. The ratified bill has failed to give cryptocurrency trading the same merit as crypto mining. As per the approved bill, the Iranian government does not recognize digital currency trading done within its borders as lawful.  Tweeting about the issue, Global Coin Research says:  “Iranian government claims that it will not recognize as lawful any trade activity carried out inside Iran involving cryptocurrencies. It will also not view the digital coin as legal tender, and the Central…

Alt Coins

Blockstream Hash Rate Enough to Concurrently Attack Bitcoin Cash and SV

Dalmas Ngetich

The Canadian startup, Blockstream, has launched a service named “Blockstream Mining.” The service is a mining equipment colocation provider, powered by the company’s 300MW, energy capacity. Because of this, Blockstream will command about 6 EH of the BTC mining power when working at full capacity. This, according to crypto pundits, is enough hash power to drown both Roger Ver’s and Calvin Eyre’s versions of Bitcoin. CryptoPanda, for instance, writes: “Blockstream now controls more than enough hash rate to attack both BCH and BSV at the same time. Can’t wait for more conspiracy theories!” Another crypto fan btg_Joseph adds:  “They could destroy bch and bsv if they wanted, only thing is they aren’t run by Roger Ver and Calvin Ayre…