Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company was watching cryptocurrencies closely as they believe it has long-term potential. The company claims that Apple pay processes about one billion transactions every month. With such a wide reach, Apple’s move to crypto, similar to Facebook, will be a huge positive as it will attract a large number of retail and institutional investors alike. It is not only large organizations that are taking the crypto plunge. The second largest economy in the world has also made it clear that it wants to launch its digital …

Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking to implement crypto solutions is in cross-border payments and remittances. The RippleNet blockchain is one such product, which aims to reinvent how these payments are made. Recently, Cointelegraph reported that PNC, the United States’ eighth-largest bank, has become the first in the country to start …

XRP community members have matured from earnest petitioning strategies to sarcastic ones, as they continue to express anger about the negative market consequences of Ripple dumping allegedly excessive quantities of XRP. A change.org petition launched at the end of August, entitled “Ripple Must Increase the “Dumping of XRP,” has attracted more than 200 signatures as of Sept. 5. “Unleash the Utility!” The petition’s jocular tone opens with the line, “This is a race towards mass adoption. XRP is a tool that can solve many of the world's problems.” Arguing that the asset does no good languishing in wallets, it proposes …

Asset managers VanEck and SolidX plan to offer a limited version of their Bitcoin (BTC) exchange-traded funds (ETFs) to qualified institutional buyers. While the wait for retail investors continues, institutional players might get an opportunity to buy the shares starting on Sept. 5. This is a positive development because a strong demand from institutional players might help in expediting approval for a full-fledged Bitcoin ETF for retail investors. The uncertainty of the trade war between the United States and China, endless money printing and negative yields around the world are all driving institutional investors toward safe haven assets, one of …

Ron Hammond took to Twitter today to confirm to the XRP community that he is the new manager of government relations for Ripple. Token Taxonomy Act On Sept. 3, Ron Hammond took to Twitter to announce that as of today, he is the new manager of government relations for Ripple. Hammond was reportedly part of the team that crafted the Token Taxonomy Act, a bill that would exclude cryptocurrencies from classification as securities, as well as provide the introduction of regulatory certainty for businesses and regulators in the U.S. blockchain industry. Writing about the new hire, the XRP Daily said: …

Tuesday, Sept. 3 — Bitcoin (BTC) continues to eye $11,000, with most altcoins registering minor gains on the day. Market visualization. Source: Coin360 Bitcoin continues to show impressive price movement after trading close to $10,300 for the better part of the day. At publishing time, the No. 1 cryptocurrency is trading at $10,718 — up 2.9% on the day, according to data from Coin360. Bitcoin’s 24-hour price chart. Source: Coin360 Bullish sentiments towards BTC seem to have won out once again as Bitcoin dominance hit 70.5%. Cointelegraph reported at the beginning of August that crypto perma-bull and former Wall Street …

Fintech startup Ripple transferred 500 million XRP tokens from its escrow wallet on Sept. 3, according to data from Whale Alert, a live tracker for cryptocurrency transactions. The San Francisco-based company moved funds worth about $130.1 million. This token transfer is one among many other enormous transactions to and from Ripple, which have generated resentment within the community as some of its members accuse it of dumping XRP and crashing the token's price. Indignation within the community In late August, Twitter user @CryptoBitlord started a Change.org petition entitled “Stop Ripple dumping,” which has since secured 3,063 signatures out of a …

The total market capitalization of cryptocurrencies has again bounced from just below the $250 billion mark, which is a positive sign. This level has repeatedly provided support in the past three months. It shows that investors are using dips to accumulate. Volatility has shrunk in the past few days, but we expect it to pick up. During the run-up to the launch of CBOE futures in Dec. 2017, the market rallied hard but then sold off after the launch and entered a long bear phase. Will the launch of long-awaited Bakkt futures platform also result in a similar situation or …

This week, major cryptocurrency exchange Binance stated that it plans to take a conservative approach and that Venus project will comply with all the regulatory requirements. This will keep it away from the hurdles that Facebook’s Libra project currently faces. The total market capitalization of cryptocurrencies has dipped below $250 billion. Since mid-July, crypto markets have rebounded from close to this level on many occasions. Mike Novogratz believes that the Bitcoin (BTC) bull market is still alive and the current drop is only a consolidation before institutional investors jump in. Brevan Howard’s co-founder Alan Howard is planning a $1 billion …

Friday, Aug. 30 — after seeing some growth on the day, crypto markets are trading sideways, with top-20 coins by market cap sending mixed signals. Market visualization. Source: Coin360 Bitcoin (BTC), which managed to climb over $9,600 earlier today, is now trading at $9,531, up around 0.1% on the day at press time. Bitcoin dropped below the $10,000 threshold earlier this month on Aug. 28 amid a sharp sell-off that led to an 8% loss over the past 7 days. The intraday low of Bitcoin has amounted to $9,432. Bitcoin 24-hour price chart. Source: Coin360 Ether (ETH), the second cryptocurrency …

On Aug. 29, MorningStar Japan, a subsidiary of financial services giant SBI Holdings, announced that it will offer its shareholders dividends in the form of XRP tokens. According to the statement, the Japanese company will offer 30 XRP to its shareholders if they hold a minimum of 100 shares by Sept. 30. Shareholders will receive 30 XRP It is noted that shareholders who are eligible to receive 30 coins of the world’s third largest cryptocurrency by its market capitalization will have to open an account with cryptocurrency exchange SBI VC Trade. At press time, 30 XRP are worth around $7.50, …

PNC — the United States’ eighth-largest bank, with almost $400 billion in assets — has become the country’s first to start using the RippleNet blockchain network for cross-border payments. Fintech Futures reported on Aug. 29 that PNC Treasury Management is now offering RippleNet-based cross-border payments solutions to its commercial clients, claiming that the blockchain solution will give them: “The ability to receive a payment from an overseas buyer against their invoices instantly, transforming the way they manage their global account receivables and allowing them to better manage their working capital.” Ripple: MoneyGram partnership bearing fruit As Cointelegraph reported previously, PNC …