Ethereum Price Forecast: ETH Might Pop Ahead of Anticipated Airdrop

Ethereum News Update
A three-year-old blockchain startup from MIT’s Media Lab recently accepted $20.0 million in venture capital, raising investors’ expectations about its upcoming airdrop.

The startup is called Eximchain. It is a blockchain company looking to adapt distributed ledger technology to supply chain management, which makes it a sliver less dull than it sounds.

For those who are unfamiliar with airdrops, they occur when a new cryptocurrency is freely distributed to investors. If you’re thinking that sounds like free money, you’re right. All you need to do is hold the right cryptocurrency at the right time.

Let me explain…

There.

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Litecoin Price Prediction: Charlie Lee Sweeps HODLers Off Their Feet with 3 Big Surprises

Daily Litecoin News Update
If you’re an LTC HODLer, today’s news update will send you to cloud nine with supreme ecstasy. We have not one, not two, but three jumbo-sized, action-packed news stories to celebrate today.

Litecoin’s transaction speed is about to get a nitrous oxide boost. This digital currency may soon be processing as many as a million transactions in a second.
Litecoin’s next upgrade with lower fees is coming down the pike as we speak.
And the earth-shattering news of the day; a decentralized crypto-cum-fiat currency investing application has just been launched on Litecoin. Pay attention to my choice of preposition. This is the first.

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DigixDAO DGD Coin: Purported Safe-Haven Crypto Surging While Market Crashes

Why DigixDAO Coin Soared on a Day Cryptos Crashed
The DigixDAO coin price is shooting through the roof while Bitcoin and altcoin prices nosedive. This has recurred a few times in the past couple of months, sparking investor speculations that DigixDAO may be the crypto world’s safe-haven gold equivalent. After all, it bills itself as a “gold standard” in the blockchain world.

It almost seems true that investors begin to rotate money into DigixDAO every time the market crashes, and away from it as the market recovers. Similar market rotation is seen in traditional markets, between stocks and gold; turbulence in the stock market likewise drives investors toward gold.

On.

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DigixDAO DGD Coin: Purported Safe-Haven Crypto Surging While Market Crashes

Litecoin Price Prediction: LTC Withstands Crypto Crash Better Than Bitcoin & Other Top Cryptos

Daily Litecoin News Update
We can shortlist at least three reasons that caused crypto prices to crash on Wednesday. None, however, had anything to do with Litecoin directly. And looking at Litecoin’s price performance, it's heartening to see some common sense prevail in the market.

Just to be clear, Litecoin has been the only crypto in the top 10 that has largely held out against the marketwide selling pressure.

Now, in case you didn’t follow, here are the three plausible reasons driving this frenzied sell-off.

Firstly, the U.S. Senate subcommittee hearing on crypto regulations yesterday was a major disappointment for crypto lovers. Cryptos were called a “crock”.

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Ripple Price Prediction: A Closer Look at National Cryptos, the IMF & SROs

Ripple News Update
When there’s blood in the water, sharks come swimming.

This thought crossed my mind as I looked at cryptocurrency prices on Thursday morning.

You see, regulators the world over are releasing their plans for crypto oversight. What strikes me as interesting is the timing of these announcements; it just so happens that crypto prices are in freefall.

The XRP to USD exchange rate, for instance, is down 5.4% in the last 24 hours.

Regulators likely consider this a prime opportunity for pushing tighter constraints into the industry. Until now, they were hamstrung by the soaring price of digital assets, which made investors reflexively opposed to.

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Bitcoin Price Prediction: Don’t Panic Over the U.S. Senate Subcommittee Hearing on Crypto Regulations

Daily Bitcoin News Update
$6.0 billion was wiped out of the cryptocurrency market in the past 24 hours as we watched the U.S. Senate subcommittee thrash cryptocurrencies on one hand and let up on the banking sharks on the other.

Scathing testimonies were delivered against Bitcoin and its progeny of over 1,500 cryptocurrencies, and calls were made for strict regulations. Meanwhile, on the other side of the fence, the Senate passed a bill to ease regulations on the banking industry. The Dodd-Frank Wall Street Reform and Consumer Protection Act adopted following the infamous financial crisis of 2008 was voted to be rolled back.

Yes, both events took place.

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Ethereum Price Forecast: Venezuela Is Extremely Bad PR for Cryptos

Ethereum News Update
Earlier this week, just days before the U.S. House of Representatives would hold a hearing on cryptocurrencies, one government official turned his attention toward the American government’s favorite punching bag: Venezuela.

The U.S. official in question is Florida Senator Bill Nelson.

Senator Nelson sent a letter to the Treasury Secretary on Monday arguing that "rogue regimes in Russia and Venezuela” are trying to use cryptocurrencies to skirt U.S. economic sanctions. (Source: ".

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Ethereum Price Forecast: ETH, Altcoins, & Trouble with Liquidity

Ethereum News Update
Ethereum prices are down on Wednesday morning, but then again, so are prices for all the major cryptos. Bitcoin, Ripple, Litecoin, Cardano, Stellar—they all have flashing red numbers beside their names.

This is not surprising.

Cryptocurrencies are in a bear market right now. I expect the entire market to move in tandem, except when there’s specific news in the opposite direction. And that’s where things get weird.

One of the “altcoins” on Ethereum’s platform got very good news yesterday, yet its price was down 6.4% overnight. How is that possible?

Before we get to the price analysis, let’s backtrack for a moment. Which.

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Litecoin Price Prediction: Google Banning Crypto Ads, Bottom Falls Out of Prices

Daily Litecoin News Update
Cryptocurrency prices are crashing on Wednesday. Again. Usually, it’s difficult to put your finger on the exact cause. Sometimes there are none. That’s when prices move on the wishes and whims of speculators. But on Wednesday morning, we may have a culprit to blame.

In a little over two months from now, the world’s largest search engine will limit cryptocurrency exposure to its users. Naturally, the crypto market is flipping out.

In case you didn’t hear, Google is banning cryptocurrency ads on its search engine, beginning in June this year. All cryptocurrency-related content will be aggressively vetted..

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Ripple Price Prediction: XRP Sinks Toward $0.75 as Weak Hands Give Way

Ripple News Update
As pessimism grows in the cryptocurrency market, weak hands continue to offload XRP to strong hands.

What do I mean? Well, “strong hands” represent the smart money, the people who move one step ahead of the crowd. By comparison, “weak hands” represent those who buy at the peak of the market peak.

They are the dumb money, for lack of a better term.

Your brain might instinctively associate bull markets with strong hands. But don’t trust that instinct. It’s lying to you.

Strong hands invest during bear markets, precisely because assets trade cheap. They hold those assets through the rough times, then begin selling them in a bull.

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Binance Coin Price Forecast: Here’s Why BNB Touts Great Upside Potential

Why Binance Coin Is Surging And What to Expect Next
Binance Coin (BNB) has soared more than 25% on a day when crypto markets are tumbling at large. The stupendous price rally followed after one of the world’s largest exchanges announced a new venture that will adopt BNB coin as its native coin.

Cryptocurrency exchange Binance revealed yesterday that it would soon be launching a decentralized exchange. Why is this a big deal? Because, as Binance identifies, this initiative will help it “transition from being a company to a community.” (Source: "Binance Chain," Binance, March 13,.

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Bitcoin Price Prediction: Bitcoin’s First Real Use-Case in IoT Using Lightning Network Is a Success

Daily Bitcoin News Update
Yesterday, we proposed why the "Lightning Network" (LN) may turn out to be a game changer for Bitcoin. A day later, we hear of Bitcoin's first real use-case using LN that has bolstered our belief in Bitcoin.

Japan’s third-largest utility company has just tested the Lightning Network on Bitcoin for a groundbreaking application. The test was a success!

The utility company, Chubu Electric Power Co Inc (TYO:9502), in partnership with an Internet of Things (IoT) startup, Nayuta, carried out a.

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Bitcoin Price Forecast: South Korean Internet Giant Taking Bitcoin Mainstream

Daily Bitcoin News Update
As of now, there are exactly three nations in the world that are tied in the first spot as the frontrunners in the Bitcoin race. Japan, the U.S., and South Korea are jointly leading the Bitcoin revolution. South Korea, in particular, has leaped onto the scene after China’s ban pushed it into the background. This is the country expected to stimulate Bitcoin's next major growth spurt.

The latest news is that South Korea’s Internet giant, Kakao Corp (KRX:035720), is going to be integrating Bitcoin and a bunch of other cryptos across all of its Internet platforms. Consider Kakao to be the.

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Ripple Price Prediction: Market Conditions Improve for Enterprise Blockchains

Ripple News Update
Siam Commercial Bank PCL (BKK:SCB), one of the companies using Ripple’s blockchain software in East Asia, is adding two new currencies to its remittance business.

SCB will add euros and British pounds. This move, which comes in reaction to higher inflows of GBP and EUR, could make life easier for anyone wishing to make cross-border payments.

The additions will become final in Q3. At the same time, SCB hopes to make its partnership with Ripple independent of the central bank, whose “sandbox” it has been using for experimentation.

This is good Ripple news on a day when XRP prices are slipping. But more importantly, it is part of a.

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Why Amazon, Google Haven’t Launched Their Own Cryptocurrencies Yet

Three Reasons Why Tech Giants Steer Clear of Cryptos
If Bitcoin’s blockchain technology really is as disruptive as it’s purported to be, then why aren’t bigwigs like Amazon.com, Inc. (NASDAQ:AMZN) and Google launching their own cryptocurrencies? It’s a question we mull over often. After all, for companies like Amazon, which already have a digital currency in circulation (hint: “Amazon Coin”), creating a cryptocurrency should make all the more sense.

But it’s not that simple, you see. There are at least three reasons that may help explain why these technology behemoths have so far steered clear of cryptos.

The.

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Litecoin Price Prediction: Odds of Litecoin Futures Rise as Gemini Exchange Plans Adding LTC

Daily Litecoin News Update
From $9,000 to $19,000. That’s how far BTC prices traveled in the 17 days of December from the day Bitcoin futures were first announced by the CME Group Inc (NASDAQ:CME) and Cboe Global Markets Inc (NASDAQ:CBOE) to the day they began trading on the two options exchanges. Now, just try to imagine where Litecoin prices would be headed if Litecoin futures were to be announced today.

Didn’t you hear? Cryptocurrency exchange Gemini is adding two new cryptocurrencies to its trading platform. One of them is Litecoin.

So what? Half a dozen other exchanges likewise added Litecoin this year. What’s so.

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Ethereum Price Forecast: BIS, trueEX, & John Oliver Move ETH

Ethereum News Update
Ethereum prices are plummeting on Tuesday morning, in part due to an episode of Last Week Tonight with John Oliver and a report from the Bank of International Settlements (BIS).

Oliver’s show, for those who may not have seen it, features a comedic deep-dive into hot news topics of the week. This week’s episode centered around Bitcoin, blockchain, and the sudden rise of cryptocurrencies.

While the episode carefully detailed how cryptocurrencies work, Oliver also poked fun at the sycophantic enthusiasm you often find in cryptocurrency evangelists.

It’s tempting to brush off Oliver’s segment as insignificant, but that.

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Bitcoin – MarketWatch.com Topics

12:24 a.m. Today12:24 a.m. March 12, 2018 - By Victor Reklaitis

This is the pattern for suppressing bitcoin, says a Chinese crypto exchanges CEO This is how its going to be for the next five years. So get used to it.A prominent figure in cryptocurrencies BTCC CEO Bobby Lee has a prediction for how governments worldwide will crack down on bitcoin: Theyll follow the existing pattern.

12:24 a.m. Today12:24 a.m. March 12, 2018 - By Victor Reklaitis

A trusted digital currency is coming, but its not bitcoin, says Starbucks Howard Schultz There is going to be one or a few legitimate, trusted digital currencies, says the coffee chains executive chairmanThis sounds like a pretty big hint Starbucks might test out or even accept a virtual currency in the future.

11:31 p.m. March 11, 2018 - By Kevin Kingsbury

Asian markets start the week off strong, building on last weeks rebound Nikkei pushes higher; New Zealand index sees record closeAsia-Pacific stock markets were higher Monday, building on a late-week rebound for the regions equities.

11:55 a.m. March 11, 2018 - By Shawn Langlois

Alt-coin traders share their portfolio-of-horror storiesBitcoins whipsaw reversal has been well-chronicled, but its the other digital currencies Reddit members were talking about when someone suggested, Lets play a game called How much down is your (alt) portfolio?

8:41 a.m. March 10, 2018 - By Maria LaMagna

This credit card will offer rewards in bitcoin and has 2,000 people on the waiting list This company has ambitions to start a credit card that gives crypto instead of pointsThis company has ambitions to start a credit card that gives crypto instead of points.

5:00 a.m. March 10, 2018 - By MarketWatch

The other assets that are in a bull market along with U.S. stocksU.S. stocks are not the only asset currently in a bull market. European, Japanese equities are also enjoying rising prices.

1:26 p.m. March 9, 2018 - By Barbara Kollmeyer

Bitcoin rout continues, records 5th consecutive losing day Brutal week sees bitcoin shed 20%Bitcoin prices continued to drop on Friday, as bloodbath in No. 1 digital currency persists.

1:00 p.m. March 9, 2018 - By MarketWatch

Dow closes above 25,000 while Nasdaq finishes at a record as stocks rallyThe Dow closes above the 25,000 mark and the Nasdaq ends at a record on Friday as Wall Street appeared to shake off worries about tariffs on steel and aluminum to focus on the jobs report that came in stronger than had been estimated.

12:12 p.m. March 9, 2018 - By Aaron Hankin

When will bitcoins bloodletting cease? Fundstrats Lee turns to the Bitcoin Misery Index for answers The value of a single bitcoin has shed about 20% of its value over the past week, but the worst may be near, says Lee The viscous selloff in bitcoin has even the biggest bulls scratching their heads. With a fall of more than 20%, and a raft of negative press, investors are searching for a signal to buy this dip.

6:57 a.m. March 9, 2018 - By Aaron Hankin

Heres how much it costs to mine a single bitcoin in your country Looking to mine bitcoin on the cheap? Head to Venezuela So, where is the cheapest place to mine bitcoin?

6:16 a.m. March 9, 2018 - By Victor Reklaitis

Go big on stocks as Trump has 1 huge reason not to launch a trade war, says quant Critical information for the U.S. trading dayStocks look set for a weekly win, amid buzz about the Trump-Kim meeting, tariffs and the jobs report. Fears about inflation, rates, trade wars and growth are overblown, says todays call from a J.P. Morgan guru whos overweight U.S. stocks.

1:24 p.m. March 8, 2018 - By Aaron Hankin

Bitcoin falls again, now down 20% on the week Futures markets record third consecutive losing dayDigital currencies take another step lower.

12:42 p.m. March 8, 2018 - By Maria LaMagna

Hush agreements and a credit card that will give rewards in bitcoin Thursdays top personal finance stories Thursdays top personal finance storiesThursdays top personal finance stories

12:29 p.m. March 8, 2018 - By Ryan Vlastelica

The best sector of this bull market is the greatest investment story ever told Internet stocks set the pace in markets 9-year bull runWhile the strategy of investing in internet-related companies will likely always be first associated with the dot-com era, the past decade has proved to be just as strong a period for the sector that has now influenced nearly every aspect of the economy.

12:10 p.m. March 8, 2018 - By MarketWatch

This weeks Mutual Funds and ETF storiesConventional investing wisdom tends to fall by the wayside when the stock market seems to offer only upside.

7:48 a.m. March 8, 2018 - By Ryan Vlastelica

Heres why retiring baby boomers wont create a stockmaggedon for millennials Market returns dont have a strong correlation to demographic trendsThe retirement of the baby boomer generation is one of the biggest shifts currently happening in the U.S., carrying significant long-term implications for government spending and the labor market. But could it have an impact on the stock market?

3:29 a.m. March 8, 2018 - By Carla Mozee

Japan suspends two cryptocurrency exchanges in hopes of strengthening security Japans crackdown comes after $530 million in NEM cryptocurrency was stolen Two cryptocurrency exchanges were temporarily suspended by a Japanese regulator Thursday as part of its effort for stronger security in the market after millions of dollars in digital currency was stolen earlier this year.

12:27 a.m. March 8, 2018 - By Shawn Langlois

Steve Bannon tells European audience: cryptocurrency will bring you true freedomAt this stop on his European speaking tour, Trumps former top adviser explained why digital currencies like bitcoin could be an asset to the Continents antiestablishment movement.

9:05 p.m. March 7, 2018 - By Ellie Ismailidou

How to invest in blockchain without buying bitcoinWhen it comes to blockchain technology, one of the most common mistakes investors make is equating blockchain to bitcoin and other cryptocurrencies. Here's how to invest in blockchain without buying any cryptocurrency.

7:44 p.m. March 7, 2018 - By Mike Murphy

Crypto bull John McAfee says SEC is striking out in panic at digital currencies SEC had earlier warned of risk some crypto exchanges pose to investorsAnti-virus tycoon-turned-cryptocurrency bull John McAfee lashed out at the Securities and Exchange Commission on Wednesday night, claiming that the agency is running scared.

11:41 a.m. March 7, 2018 - By Sally French

Heres how many of the worlds ultrawealthy are increasing their cryptocurrency investments If youre like 21% of the worlds truly rich, youve gotten more into cryptos21 percent of respondents in an annual survey of wealth advisers and private bankers said their clients increased their investments in cryptocurrencies in 2017

10:29 a.m. March 7, 2018 - By Aaron Hankin

Binance tells customers funds are safe after tech glitchBinance CEO Zhao Changpeng on Wednesday said its customers' funds were safe, as the head of the popular exchange attempted to assure investors after a glitch in its system. Reports of problems on the platform surfaced via online forum Reddit, indicating that so-called altcoins, or alternatives coins to bitcoin , were being liquidated from users' accounts without their consent. The technology issue resulted in Binance temporarily suspending withdrawals. However, in a tweet from its official account, Binance described the issues as "irregularities in trading activity" and emphasized that "all funds are safe." Binance didn't immediately respond to a request for comment.

9:33 a.m. March 7, 2018 - By Aaron Hankin

Bitcoin price drop gathers momentum as potential Binance glitch unsettles investors Virtual-currency traders also react to the SEC demanding that exchanges register with its regulatorMajor cryptocurrencies fell sharply Wednesday as reports of a system errors at a popular exchange platform appeared to unsettle investors.

8:00 a.m. March 7, 2018 - By MarketWatch

Heres why buying the Cohn dip may be better than selling the panicAhead of what looks like a rough day for stocks as they fret anew over White House departures and trade-war concerns, out call of the day says buy this dip before its too late.

5:57 a.m. March 7, 2018 - By Barbara Kollmeyer

Heres why buying the Cohn dip may be better than selling the panic Critical information for the U.S. trading dayAhead of what looks like a rough day for stocks as they fret anew over White House departures and trade-war concerns, out call of the day says buy this dip before its too late.

5:23 a.m. March 7, 2018 - By Emily Bary

PayPal crypto patent interesting but may no longer be a top priority, says analystPiper Jaffray analyst Jason Deleeuw weighed in on PayPal Holdings Inc.'s potential cryptocurrency efforts Wednesday, after was made public earlier in the month. PayPal's patent filing was for an "expedited virtual currency transaction system," which could speed up cryptocurrency transactions by allowing buyers and sellers to trade private keys and not wait for transactions to be confirmed on the blockchain, Deleeuw wrote. He noted that "Bitcoin transactions are not confirmed until they are batched in a block and added to the blockchain," which can take about 10 minutes. Deleeuw sees some challenges for PayPal if it were to get involved with crypto in this way, noting for one that "the reliance on PayPal for enabling this solution defeats the decentralized purpose of cryptos." He added that while the patent was recently made public, it was filed in mid-2016, and recent comments from management suggest to him that PayPal may have "de-prioritized" such efforts in the last 18 months. "Still, we like that PayPal is exploring how to improve crypto asset accessibility," he wrote. PayPal shares are up 85% over the past 12 months, while the S&P 500 has gained 15%. Square Inc. , another popular payments stock, has seen shares rise sharply in recent months after it began allowing users to buy and sell bitcoin on its peer-to-peer Cash app.

12:37 a.m. March 7, 2018 - By Mike Murphy

Coinbase launches its first index fund for cryptocurrencies For now, fund will track four digital currencies, be limited to accredited usersCoinbase, the popular cryptocurrency exchange, is launching a weighted index fund for digital currencies as it enters the asset-management business for the first time.

1:37 p.m. March 6, 2018 - By Aaron Hankin

Coinbase's COO Hirji says digital exchange to offer cryptocurrency-focused index fundCoinbase's President & Chief Operating Officer Asiff Hirji late Tuesday said the popular digital-currency platform would kick off a crypto-focused index fund. Hirji told CNBC during an interview on its "Fast Money" segment that the planned index fund is intended to give retail investors broad exposure to virtual currencies. The COO said the fund is still in the works and would be targeted to accredited investors, with a specified net worth. Hirji said the index fund would be market-cap weighted but didn't offer more details.

1:30 p.m. March 6, 2018 - By Barbara Kollmeyer

Bitcoin drops below $11,000, pulls back from key breakthrough level A tough day for crypto traders as all major digital currencies finish in the redBitcoin struggles to break above $12,000 on Tuesday, as a popular cryptocurrency exchange faces allegations of taking unfair profits.

1:00 p.m. March 6, 2018 - By MarketWatch

Here are the states most threatened by steel tariffsHeres a state-by-state rundown on jobs that could be at risk if Donald Trump follows through on across-the-board tariffs on steel and aluminum.

8:00 a.m. March 6, 2018 - By MarketWatch

Theres no stopping it, warns Ron Paul: A calamity could cut this market in halfSuch a calamity could very well lead to a 50% drop in the stock market, Paul warns.

7:36 a.m. March 6, 2018 - By Leslie Albrecht

Good news for people who havent got a clue about cryptocurrency Searches for the definition of bitcoin tend to spike along with the volatile currencys valueSearches for the definition of bitcoin tend to spike along with the volatile currencys value.

5:00 a.m. March 6, 2018 - By MarketWatch

Dow futures over 100 points higher, lifted by Korea talks, easing trade worriesU.S. stock futures jump, getting an additional boost from headlines linked to talks between North and South Korea and as fears over a full-blown trade war calmed down.

4:28 a.m. March 6, 2018 - By Aaron Hankin

The chance of hacking a bitcoin wallet is as likely as winning Powerball9 times in a row Trying to guess a Bitcoin key? Youre wasting your timeBitcoin skeptics who stay away digital currencies for fear their fortune may be stolen can rest easy.

1:49 a.m. March 6, 2018 - By Barbara Kollmeyer

Forget $100,000 bitcoin, says Kenneth Rogoff try $100 instead Regulation will bring down the price of the cryptocurrency within 10 years, the Harvard economist saysRegulation will bring down the price of the cryptocurrency within 10 years, the Harvard economist says.

1:00 a.m. March 6, 2018 - By Nouriel Roubini

Roubini: Blockchain is one of the most overhyped technologies ever This is why Bitcoin and other inefficient cryptocurrencies wont take over the worldBlockchain is an overhyped technology that is too inefficient and slow to revolutionize the payments system, write Nouriel Roubini and Preston Byrne.

12:57 a.m. March 6, 2018 - By Mike Murphy

Coinbase hit with two class-action lawsuits, one claiming insider trading Cryptocurrency exchange faces claims of ripping off customersPopular cryptocurrency exchange Coinbase is facing two new class-action lawsuits, including one that accuses it of insider trading.

12:57 p.m. March 5, 2018 - By Aaron Hankin

Bitcoin meets resistance at $12,000, as Ripple bounces PayPal files patent for system that would speed up transaction timesAfter a relatively rocky week for equity investors, those in the cryptocurrency space have feared much better as digital currency prices continue to tick higher over the weekend.

9:51 a.m. March 5, 2018 - By Emily Bary

PayPal files patent for cryptocurrency systemPayPal Holdings Inc. shares are up 0.5% in midday trading Monday after it was revealed that the company recently related to bitcoin. The company's patent filing was for an "expedited virtual currency transaction system" and was . Such a system could potentially speed up bitcoin transactions and be anonymous. Shares of PayPal were originally down to start the day after the Wall Street Journal reported that Amazon.com Inc. was interested in creating its own product similar to a checking account. PayPal's stock is up 84% over the past 12 months, while the S&P 500 Index has gained 14%.

9:48 a.m. March 5, 2018 - By Emily Bary

Square stock jumps 8%, on track to close at new record highShares of Square Inc. are up 8.5% in Monday trading and on track to close at a new all-time high. If the current gains hold, this would mark Square's largest one-day percentage gain since May 4, 2017, when its stock rose 8.9%. The company said late Friday that its general counsel, Hillary Smith, would be resigning, and Square confirmed to MarketWatch that it hasn't announced any news. The company announced better-than-expected earnings last week and CEO Jack Dorsey also said at the time that the company wanted to enhance its bitcoin offerings . Square shares are up 194% over the past 12 months, while the S&P 500 is up 14%.

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Bitcoin - MarketWatch.com Topics

Paypal Files Patent for Expedited … – news.bitcoin.com

A recent patent filing reveals that Paypal might be considering expanding its exposure to the cryptocurrency ecosystem with a new system for speedy transactions. We shouldnt however expect a Paypal Lightning Network or anything close to that any time soon. There is currently a global race to file patents for everything crypto or blockchain related and the company might just be strengthening its portfolio for future patent battles.

Also Read: Bitfarms to Raise Up to CAD$50m to Scale Cryptocurrency Mining Operation

Online payments provider Paypal (NASDAQ:PYPL) has filed a new patent application for an expedited virtual currency transaction system with the US Patent and Trademark Office. The last time it was reported that the company filed a patent application related to cryptocurrencies was back in mid-2016 when it showed plans for a modular payment module that accepted bitcoin, litecoin and dogecoin.

The system described by the patent application is meant to work by creating secondary wallets that each include a respective secondary wallet private key, and a transaction is performed using the primary wallet private key to transfer different predefined amounts to each of the secondary wallets. When an instruction is received to transfer a payment amount to a second user, they are allocated a subset of the first users secondary wallet private keys that together contain cryptocurrency that equals the needed amount.

The Paypal application explains that the need for this proposed system for cryptocurrencies is due to the time delay or latency period between the initialization of the transaction and the point at which the transaction has been confirmed. It gives as an example waiting for ten minutes or more for a bitcoin conformation, which they indicate hurts the user experience, putting it at a disadvantage over seemingly instant choices such as fiat credit card payments.

In many transaction situations, a 10 minute wait time will be too long for payers and/or payees, and those payers and/or payees will instead choose to perform the transaction using traditional payment methods rather than virtual currency. Issues like this have slowed the adoption of virtual currencies despite their advantages. Thus, there is a need for an expedited virtual currency transaction system, explains Paypal.

What could Paypal be planning to do with cryptocurrency related patents? Tell us what you think in the comments section below.

Images courtesy of Shutterstock.

Do you like to research and read about Bitcoin technology? Check out Bitcoin.coms Wiki page for an in-depth look at Bitcoins innovative technology and interesting history.

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Ripple Price Prediction: Better Standards Could Lead to Better Cryptos

Ripple News Analysis
Until now, or maybe even at this very moment, blockchain companies have been operating in the Wild West. There are no rules.

This may seem like the optimal situation to people who despise government, but I think having no rules is bad for business.

Consider the theft of $500.0 million NEM coins last month—the only reason it happened is because an exchange holding NEM did not employ its full suite of safety features.

Why were they allowed to be so careless?

If the exchange had been forced to comply with federal standards, or.

The post Ripple Price Prediction: Better Standards Could Lead to Better Cryptos appeared first on Profit Confidential.

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Ripple Price Prediction: Better Standards Could Lead to Better Cryptos