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As Bitcoin Again Approaches $4k Could Litecoin Flip Ripple’s XRP?

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Bitcoin has been repeatedly trying and failing to break the psychological $4,000 mark, but while the bitcoin price treads water, litecoin and binance coin have been soaring.

Litecoin has almost doubled in price so far this year, though it remains well below the all-time high it hit in December 2017.

Now, litecoin—one of the oldest rivals to bitcoin, launched in 2011—looks like it could this year overtake Ripple’s XRP to break into the top three biggest cryptocurrencies by market capitalization.

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Some cryptocurrencies, including litecoin, have recently stopped tracking bitcoin prices quite as closely as they used to

Litecoin’s rapid rise over the last few months, which has been on the up since it hit recent lows of $23 per coin in December last year, has been largely put down to developer efforts to improve security and privacy and several high-profile partnerships.

“Litecoin volatility spiked when the Litecoin Foundation announced it’s exploring the integration of Mimblewimble, a protocol offering privacy and fungibility to blockchains,” a report by cryptocurrency brokerage SFOXread this week. “In March, keep an eye on how privacy news moments impact markets, such as recent revelations over Coinbase’s third-party service provider selling client data.”

Meanwhile, crisis-hit Venezuela this week launched a government-sanctioned cryptocurrency remittance service, allowing users to send bitcoin and litecoin into the country—somewhat proving litecoin and bitcoin’s use case in a country that’s becoming reliant on cryptocurrencies.

These developments for litecoin could be just getting going, along with an upcoming halving, scheduled for August this year, which will tighten the supply of new litecoin. Previous cryptocurrency halvings have seen prices for their digital tokens rise, though there’s no guarantee this will happen again.

This week Derek Capo, the CEO of decentralized payment platform TokenPay, and litecoin founder Charlie Lee, will reveal details of their strategic partnership, expected to result in banking services that integrate crypto.

Litecoin developers have been working to improve the cryptocurrency.

Ripple’s XRP has meanwhile been on a downward trend since getting a sizeable boost in September last year after Ripple announced a number of tie-ups with big banks that could eventually see XRP, the digital token 60% owned by Ripple, replace Swift as the defacto medium of cross border currency exchange.

The outlook for Ripple’s XRP has however worsened recently as the new flow of banking partnerships appears to have dried up and U.S. banking giant J.P. Morgan unveiled plans for its own private blockchain-based digital token that would work in a similar way to Ripple’s XRP.

While litecoin is in the limelight and Ripple’s XRP in the doghouse, there’s a long way for litecoin to go before it replaces XRP (or perhaps ethereum) has the third biggest cryptocurrency by market cap.

Ripple’s XRP currency boasts a total value of just over $13 billion, compared to litecoin’s $3.5 billion.

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Litecoin has so far had a good 2019, but it’s still a long way back to the heady days of late 2017

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Bitcoin (BTC) Price Party’s Only Getting Started after 2019’s Monster 100% Surge

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According to eToro senior market analyst Mati Greenspan, bitcoin is in amidst a parabolic bull cycle and is on track to sustain its strong momentum over the medium to long term.

Since January, within less than six months, the bitcoin price has increased by nearly 100 percent against the U.S. dollar.

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With a 98% gain year-to-date, bitcoin has outperformed most assets in 2019
(source: coinmarketcap.com)

Still, despite its large short-term rally, Greenspan noted that the dominant cryptocurrency is only at the start of a bigger cycle that may lead to new highs for the asset.

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Ripple (XRP) Explosive Two Day 31% XRP Rally

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World’s third largest cryptocurrency Ripple (XRP) has appreciated up to 31-percent against the US dollar in just two days.

The XRP-to-dollar exchange rate Tuesday established an intraday high towards $0.405, up 25.05% since the market open on Luxembourg-based Bitstamp exchange. The pair dropped as much as 5.05-percent ahead of the European session to neutralize its overbought sentiments, finding interim support at $0.384-level.

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RIPPLE (XRP) SURGES 25% IN A DAY | SOURCE: TRADINGVIEW.COM, BITSTAMP

The sentiment was the same across the rest of the cryptocurrency index, with almost all the leading cryptocurrency posting surplus intraday gains. Bitcoin (BTC), for instance, extended its rally action to establish a new 2019 peak towards $8,836.19. Ethereum, EOS, and Bitcoin Cash too recorded double-digit percentage gains on a 24-hour adjusted timeframe.

The cryptocurrencies’ breakout action further came with a rise…

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Bitcoin Price Smashes $7,500 With Spectacular Return of Bull Market

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The crypto market has made a spectacular return as it added $28 billion in the past 48 hours. The bitcoin price surged past $7,400 and hit a new 2019 high, marking the start of a new bull market.

In many major markets, the volume of bitcoin has returned to the late 2017 level with the “real 10” daily spot volume of bitcoin surpassing $1.9 billion.

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The bitcon price hit a new 2019 high after surging over $7,500

The “real 10” volume calculates the daily volume of BTC using ten exchanges that have more than $1 million in legitimate volume. In March, the “real 10” volume was estimated to be around $270 million.

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Facebook is Pro-Crypto: Social Media Giant Lifts Ban on Cryptocurrency and Blockchain Ads

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Facebook, the largest social media giant, made news after it announced that it would launch its own cryptocurrency, Facebook Coin. It was also rumoured that Facebook was looking out for VC firms to invest in their cryptocurrency project, with the targeted sum being “as much as $1 billion.”

Now, according to an official announcement, Facebook is going to lift its ban on cryptocurrency and blockchain related ads on its platform.

The facebook statement read :

“Starting 5 June, we will update our Prohibited Financial Products and Services Policy to no longer allow ads promoting contracts for difference [CFDs], complex financial products that are often associated with predatory behaviour. These products, due to their complexity, often mislead people.”

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How To Prove You’re Bitcoin Creator Satoshi Nakamoto..

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Craig Wright, a man who, as WIRED wrote about back in 2016, either created Bitcoin or very badly wants someone to believe he did.

Now rumours are swirling through the Bitcoin world that Wright himself is poised to publicly claim—and possibly offer some sort of proof—that he really is Satoshi Nakamoto, the mysterious inventor of Bitcoin. If he does, he’ll have to convince a highly skeptical cryptography community for whom “proof” is a serious word, and one that requires cryptographic levels of certainty.

The suggestion is that Wright, an Australian cryptographer and security professional, has arranged to perform a demonstration for media in London sometime in the next week that’s intended to convince the world he’s bitcoin’s creator.1 Luckily for any legitimate claimant to the Satoshi throne—and for bitcoiners tired of the long succession of unproven candidates and speculation—there are some clear, almost incontrovertible ways for Satoshi Nakamoto to prove himself. When…

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