MoneyGram to Pilot Ripple’s XRP Token

MoneyGram to Pilot Ripple’s XRP Token

The international money-remittance firm, MoneyGram, is partnering with Ripple to test the startup’s XRP token for international payments. According to a press release, MoneyGram will test Ripple’s xRapid service due to its claimed speed and cost efficiency. The release noted that XRP transaction fees are significantly less than those of the Bitcoin network. Ripple chief executive, […]

Venezuela Will Pre-Mine the Petro and Launch in 6 Weeks

Venezuela Will Pre-Mine the Petro and Launch in 6 Weeks

One day after Venezuela’s oil-backed cryptocurrency was declared illegal, the government of President Nicolas Maduro announced plans to pre-mine the Petro. The new currency is expected to launch in six weeks. The Venezuelan Superintendent of Cryptocurrencies and Related Activities, Carlos Vargas, announced on Wednesday, as reported by El Universal: “The petro will not be minable […]

Market Update

Market Update

At the time of writing, the Bitcoin price is sitting at $13,617, representing a loss of 1.3% in the last 24 hours. More than $1.7B worth of BTC were exchanged in the BTC/USD market representing a 36.5% share of daily volume, followed by the BTC/JPY pair that represents a 36% share. The Ethereum price has […]