Ripple crosses $3, 28% growth in 24 hours
Ripple’s price has exceeded $3 and its market capital has exceeded for the first time that of ethereum and bitcoin cash. Ripple’s market capital is now the second biggest cryptocurrency market capital, accounting for more than $141 billion. As such, ripple has surpassed bitcoin cash and ethereum in terms of market capitalization.
US dollar continues to fall as digital currencies rise
Throughout 2017, the US Dollar witnessed the worst performance since 2003. Oppositely, decentralized cryptocurrencies, led by bitcoin, flourished prominently during the past year, which reflects the public’s heightened interest in the economic model of blockchain based currencies. Some researchers believe that the mainstream acceptance of cryptocurrencies is a contributing factor to the decline of fiat currencies, especially the US Dollar.
First Bitcoin Lightning Network transaction completed via Bitrefill
Bitcoin Lightning Network transactions might finally add some utility to increasingly impractical Bitcoin payments. Alex Bosworth, a prominent software developer, was able to pay his phone bill via a bitcoin transaction that utilized the “Lightning Network” (LN). This is by far the first transaction ever to utilize the LN, which is considered to be the solution to bitcoin’s scaling problems.
Japan GDP grows after adopting crypto friendly attitude
Analysts believe that Japan could experience a GDP boost of 0.3% thanks to the country’s progressive attitude towards cryptocurrencies. In April 2017, Japan announced a progressive attitude towards bitcoin, and other altcoins, when the Payment Services Act officially legalized cryptocurrency trading. This led to a massive expansion in the Japanese cryptocurrency trading volume.
Verge discovered to leak users’ IP addresses
The privacy coin, Verge, has reportedly been leaking its users’ IP addresses, potentially exposing their real-life identities. Several media outlets recently noted that XVG is perhaps not as anonymous as it claims to be, and cautioned investors to not put too much trust in it. This precaution turned out to be invaluable, as a new website now claims to be listing several IP addresses linked to XVG transactions.
Ethereum hits a new milestone, crosses $900
Ethereum’s price topped $914.83 during Wednesday’s trading sessions, with the coin’s initial advance beginning at around midnight. The recent surge has boosted Ethereum’s market cap to $86,339,498,573. Ether has posted 17% advance in the last 24 hours. The reason behind the boost is the increased volume of trading in Asia. All notable exchanges, including Coinbene, Binance, and Bithumb, have reported increased volume of trading.
