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Ripple’s [XRP] XRapid Solution Provides High Liquidity For Cross-Border Payments
The team behind Ripple have published a new blog providing old and new investors with all the details regarding its liquidity solution through xRapid. According to the Financial Times, it defines liquidity as how easy it is to perform a transaction in a particular security or instrument without changing its value too much. For domestic transactions, liquidity is typically high as financial exchanges execute the transactions in one single currency. They are also generally approved against account balances held by each person, writes Ripple. However, in the case of international or cross-border transactions there are greater challenges in place. Namely,...
Bitcoin Demand in South Korea Rises as Trade Volume Hits Monthly High
As demand returns to the markets South Korea is once again leading the way for trade volume. Bitcoin recorded a monthly high trading volume on exchanges in the country as fears of clampdowns subside and confidence returns to the crypto markets. Local media reported that domestic Bitcoin trading volume reached a maximum value in the month following the holiday season. Over $250 million has been traded in BTC on South Korea’s leading exchange Bithumb in the past 24 hours. New Bitcoin Trade Volume High The recorded volume on the 19th was the largest in a month indicating a steady return to crypto trading...
Bitcoin rises above US$10,000, strategist sees new high by July
Bitcoin rose above US$10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit around mid-December. NEW YORK: Bitcoin rose above US$10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December. Bitcoin has been buffeted this year by a series of negative headlines centering around increased scrutiny by global regulators. There has also been the incidence of hacks on exchanges, the...
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