Bitcoin's Unexpected Lift And XRP Fans' Raging Hot Flashes

in cryptocurrencies •  6 years ago  (edited)

Ordinarily, I publish a crypto digest on Tuesday evening, some time in the final hours before retiring for the day. But yesterday I decided to break with my normal routine and write about a decentralized internet instead. Judging from its popularity, I'm glad I did.

As I was writing that post, my wife came in and asked me why Bitcoin was going up. I told her what I thought, based on the news I'd read that day, then checked the price of Bitcoin and saw that it had risen even higher than it had when I was reporting it for Blockchain Times. So I Googled it and discovered this post from Forbes. It's been an eventful couple of days.

I'm sure you'll love this #crypto digest (how could you not?), but, please, no autographs.

Crypto News

Coinbase has been making some bold moves lately. As I've reported before, they were in talks with the SEC about getting approval for listing security tokens. Well, the news is out. The SEC has granted its approval, so that's a big feather in Coinbase's cap. Call it macaroni.

As you'll see later, Coinbase is not in the business of making #XRP users happy. They're just minding their own business and manipulating markets left and right. Okay, let's pause for a digression. Imagine the New York Stock Exchange deciding not to list a certain stock, for whatever reason, and deciding to list other stocks, for whatever reasons. Pretty farfetched idea, huh? Yeah, that's price manipulation. It's like accusing Dial of bath water manipulation because they make bath soap. Well, Coinbase has done gone and pissed off XRP fanboys by not listing XRP on its exchange, and now XRP users are asking FINRA to investigate the exchange for price manipulation.

coinbase XRP
Image from Pixabay.

If you thought #Robinhood had a full quiver, think again. He may be wearing tights, but he's not uptight. The mobile investing app recently added Litecoin and Bitcoin Cash for trading. And you thought you were stuck on Band-Aid.

Coin burns allow token issuers to control inflation, and that's one reason they're gaining in popularity. #Binance and #Kucoin both recently commenced their quarterly burns in the first degree.

And #Ledger, always willing to keep things interesting, decided to fully support Tron.

At the end of the news segment is some pretty big news. Peter Thiel, former PayPal CEO, along with ASIC miner manufacturer #Bitmain, is investing in Block.one, the parent company of #EOS.

Crypto Analysis

As noted earlier, Bitcoin is on the rise like a teenage boy at a cheerleader convention. In fact, Bloomberg points out this is the biggest gain for the crypto king in two weeks.

One reason given for this rise is a rumor that BlackRock was looking into getting into crypto. It's unclear whether this was an honest mistake or if someone was really trying to manipulate prices, but the BlackRock CEO has since come out and denied the truth of this. The market responded anyway.

The Motley Fool confirmed that rumor and added one more reason for the spike in prices. Coinbase is looking into listing 5 altcoins, but none of them are XRP and that's why Ripple fans are all up in arms as mentioned earlier. But this makes me wish I was an altcoin. Who wouldn't want to be laid by Coinbase?

U.S. News wants to tell you why investors are interested in Bitcoin futures. And I thought it was for the banana cakes.

bitcoin
Image from Pixabay.

#Ethereum gas prices have returned to normal after suspected intentional network overload, and that's a load off my mind because I need to mow my lawn.

Finally, there's a growing interest in quantum computing, and there's some real potential that quantum computers could be used to steal your crypto. Not to alarm you, but you can read about it right here. And don't take any wooden crypto nickels.

No crypto investors were injured in this report. It was, however, delivered by your faithful #editor at Blockchain Times where you can find other awesome crypto news. There have been no party favors or bribes to get listed in this report. Just a smile and a digital handshake.

#blockchaintimes #crypto-news #crypto-analysis #steemitbloggers

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Nice info

Thanks.

Good pictures. This information is very helpful to me.

Posted using Partiko Android

Thanks.

I really enjoyed your article.

BTW, I used to be a mod on the old XRPTalk forum way, way back in the day:

https://steemit.com/blog/@jaichai/ijch-when-i-met-charles-hoskinson-online-open-mouth-insert-foot

And I didn't know about the BTC price increase until this:

https://steemit.com/cryptocurrency/@jaichai/ijch-pure-dumb-luck-bought-btc-a-week-ago-on-robinhood-com-and-checked-on-it-today-it-s-gained-9-5

Thanks for the excellent article.

Namaste, Jaichai

You're welcome. Thanks for reading.