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 Dev Null Productions has introduced a new XRPL tracking tool called Zerp Tracker The tool can be used in many ways and allows you to set up filters that keep the user informed by mail, SMS or push message. The prices of cryptocurrencies have shown a high volatility in the last weeks and months, so many traders are looking for additional tools to support and monitor the market.  The cryptocurrency XRP also offers good entry opportunities on a daily basis to make profits through smart investment decisions.  The new tool Zerp Tracker offers new useful functions for this purpose. Zerp Tracker for XRP Trader introduced Dev Null Productions, a renowned provider of XRP data and messaging services, recently introduced its new tracking tool “Zerp Tracker”.   Using the tool allows setting different filters to better monitor the market.  The user can be notified by mail, SMS, push message or alert message. Both your own and third-party accounts can be monitored for incoming and o

It’s a bullish start to the day for the majors. Steering clear of the pivot levels would bring the resistance levels into play.   Litecoin Litecoin rose by 0.71% on Sunday. Partially reversing a 4.67% slide from Saturday, Litecoin ended the week down by 3.82% to $41.32. A bearish start to the day saw Litecoin fall to an early morning intraday low $40.40 before making a move. Steering clear of the first major support level at $39.12, Litecoin rallied to a late afternoon intraday high $42.04. Falling well short of the first major resistance level at $43.01, Litecoin eased back to $41 levels. At the time of writing, Litecoin was flat at $41.32. A mixed start to the day saw Litecoin fall to an early morning low $41.15 before rising to a high $41.48. Litecoin left the major support and resistance levels untested early in the day. For the day ahead Litecoin would need to avoid a fall through the $41.25 pivot to support a run at the first major resistance level at $42.11. Su

In brief The Graph, a blockchain infrastructure company, experienced an outage that affected some of the most popular DeFi applications. The outage came as a result of a rapidly growing number of complex queries being processed by The Graph. The Graph has outlined a number of actions they’ll take to avoid a similar outage going forward. DeFi is growing so fast, infrastructure providers are struggling to keep up. The Graph, a backend service for making blockchain data more digestible for decentralized applications, released on Thursday a “post-mortem” report on outages in their system on Wednesday. The outage caused issues for some of the most popular and rapidly growing DeFi applications, such as lending protocols Aave and Balancer. As DeFi users and transactions continue to surge, the pressure is on for The Graph and others to provide a seamless and, eventually, completely decentralized infrastructure. The outages returned HTTP 500 errors (internal server error code) for

A popular narrative argues the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus induced recession, could hyperinflate the economy and fuel a major rally in bitcoin. However, that bullish theory, which suggests the cryptocurrency would be viewed as a hedge asset in dire economic times, has been dealt a blow by recent data from the U.S. central bank. The data suggests inflation is likely to remain absent for some time and, in fact, the probability of the U.S.  economy slipping into deflation is rising. There’s now a 78.6% chance of deflationary pressure for the U.S the highest since 2008, according to St. Louis Fed’s deflation risk monitor. As tweeted by Ritvik Carvalho, a financial data correspondent at Reuters, the Fed’s favored inflation measure (below right)  the core personal consumption expenditure has also declined to an eight year low of 1%. Inflation refers to a sustained increase in the general price level of goods and services

Since it attained a peak price of $50, Litecoin has been on a downward move.  In June, LTC encountered a breakdown which made it drop to $42 low.  Price corrected upward but was resisted at the $45 high. Several attempts were made by buyers to break the $45 resistance but were repelled.  For the past two weeks, Litecoin has been confined between $42 and $45 price levels. Yesterday, as buyers attempted to retest the $45 resistance, there was a bearish reaction. LTC encountered another breakdown after testing the minor resistance. The coin dropped as bears broke the support at $42.  The bulls responded abruptly as they pulled back into the previous range.  Litecoin survived further downward movement but trapped between $42 and $45 price levels. Possibly, Litecoin can be out of the present consolidation between $42 and $45, if price rebounds.  In May, the coin rebounded thrice above $42, as the momentum broke the resistance at $45, $48, and attained a high of $50. Today, the

Ripple CEO Brad Garlinghouse explained that digital payment options are especially important during the Corona crisis, as many people are in financial trouble The global pandemic has further advanced the adoption of XRP and Ripple has recorded a growing transaction volume. In a new episode, “The Ripple Drop”, CEO Brad Garlinghouse describes how the corona crisis has further increased the demand for easy and fast digital payment options: He adds that companies such as MoneyGram as well as RippleNet users have seen an increase in transaction volume of more than 40% and Ripple Network members recognize the benefits of Ripple‘s payment solutions such as On-Demand Liquidity (ODL). In addition, central banks around the world are seeing the need to introduce a digital currency. At the end of last year, the Bank of France concluded in a wide-ranging study that Ethereum (ETH) and Ripple (XRP) technologies could serve as the basis for a digital currency.  A solution based on the Ether

The first stage of Ethereum 2.0 is almost here, but how will the DApp and DeFi space adapt to this change? While Ethereum has brought about a whole new realm of possibilities due to its native token Ether (ETH) and its smart contract and tokenization capabilities, it is often faced with challenges such as network congestion, relatively low transaction times and throughput, large blockchain size and excessive electricity use for mining  all issues Bitcoin also shares. While Bitcoin (BTC) was created by an anonymous developer that left the network to be developed by its capable community, Ethereum was always envisioned with a roadmap and a team behind it. While the plan has been subject to changes and delays, Ethereum has always meant to implement certain measures to combat all of the aforementioned issues, much like the developer community has done with Bitcoin and updates such as Segregated Witness. Ethereum was created in several stages, many of which have been implemented, b

Investor Jim Rogers thinks Bitcoin is still in a bubble and the cryptocurrency will eventually go to zero and disappear The investment guru who said Bitcoin was in a bubble as early as 2017 recently speculated that all cryptocurrencies will be gone eventually. In an interview with the Asahi publication AERA dot on June 19, investor Jim Rogers said cryptocurrencies including Bitcoin (BTC) “will be in decline eventually and everything will go to zero. "Those who use cryptocurrency think they are smarter than their governments,” Rogers said to AERA dot. “In fact, I think they are correct. But their governments have something that crypto people don't have.  That is guns. The reason why I think cryptocurrency will be gone eventually is that it is not based on the armed force of governments' power." There has been some unproven correlation between the rising and falling prices of cryptocurrencies and governments acting more authoritarian. When Donald Trump or

Litecoin has had a fairly successful run on the charts since the price crash back in March. However, while the coin has on two occasions gone past its 12 March price point, the month of June hasn’t been very reassuring for the cryptocurrency’s price.  In fact, since the start of the month, the trading price of the world’s seventh-largest cryptocurrency has been on a prominent downtrend. At press time, Litecoin was being traded at $43 and had a market cap of $2.7 billion.  Over the past 24 hours, Litecoin’s price had noted a drop of 0.10 percent, having registered a 24-hour trading volume of $1.7 billion. 1-day chart As per the 1-day chart, Litecoin’s price has been in an ascending channel formation for two and a half months now, one that is nearing its breakout on the charts.  For Litecoin, if the price were to break out of this formation, the price will likely note a drop and head towards its next strong support on the charts. At the time of writing, for Litecoin, there

Major cryptocurrency firm Ripple released a set of recommendations for Indian lawmakers to legalize cryptocurrencies. American fintech firm Ripple has proposed a policy framework for regulating crypto in India amid local crypto uncertainty. In an effort to persuade Indian authorities to support fintech regulation and the growing crypto industry, Ripple issued a policy paper addressed to local legislators. India as a dominant use-case for cross-border payments and remittances Released on June 18, Ripple’s policy paper provides a number of recommendations for Indian policymakers, offering an overview of the global digital assets landscape and measures to adopt a new digital currency policy in the country. Titled “The Path Forward for Digital Assets Adoption in India,” the 36 page-long document promotes XRP and calls on India to provide regulatory clarity for cryptocurrencies.   In the policy paper, Ripple specifically outlines XRP’s potential to become a key solution for cro

Reddit has partnered with the Ethereum Foundation to explore scaling solutions for its crypto-powered rewards system, asking the crypto community to submit and vet proposals. Social content platform Reddit is continuing to push forward with its Ethereum-powered ‘Community Points’ reward system, announcing that it is seeking developers to help it scale the tokens up for use by all of its 430 million monthly users. On June 19, Reddit revealed it was partnering with the Ethereum Foundation to call for projects building Ethereum (ETH) scaling solutions. “Our goal is to find a solution that will support hundreds of thousands of Community Points users on mainnet today, and can eventually scale to all of Reddit (430 million monthly users),” Reddit posted. Reddit will accept applications from interested developers until July 31, 2020. Gas costs a factor Reddit’s announcement emphasizes there are some unique requirements, noting that many existing Ethereum scaling solutions are a

President Donald Trump ordered Treasury Secretary Steve Mnuchin to focus on a clampdown on bitcoin over negotiating a trade with China, former national security adviser John Bolton reportedly claims. In a terse exchange about imposing sanctions and tariffs with China, Trump reportedly told Mnuchin: “Don’t be a trade negotiator,” ordering him instead to: “Go after bitcoin [for fraud].” “If you don’t want me on trade, fine, your economic team will execute whatever you want,” Mnuchin retorted. The exchange comes from an excerpt from Bolton’s new book, obtained by the Washington Examiner. The conversation is said to have happened in May 2018, around the time investors were cheering bitcoin on after it rose 33% against the dollar. It’s unclear from the excerpt what specifically led Trump to order Mnuchin to crack down on bitcoin and whether the two men had been talking about cryptocurrencies beforehand. At the time, there had also been a lot of speculation about what U.S. regula

Litecoin  Litecoin rose by 0.23% on Tuesday. Partially reversing a 0.50% fall from Monday, Litecoin ended the day at $43.86. It was a mixed start to the day. Litecoin fell to an early morning low $43.43 before rising to an early intraday high $44.21. Falling short of the first major resistance level at $44.63, Litecoin fell to a midday intraday low $43.32 Steering clear of the first major support level at $42.30, Litecoin found support late on to end the day in the green. At the time of writing, Litecoin was down by 0.93% to $43.45. A bearish start to the day saw Litecoin fall from an early morning high $43.90 to a low $43.43.  Litecoin left the major support and resistance levels untested early in the day. For the day ahead Litecoin would need to move through the $43.80 pivot to support a run at the first major resistance level at $44.27. Support from the broader market would be needed, however, for Litecoin to break back through to $44 levels. Barring broad-based c

According to Ripple Head of Global Banking Marjan Delatinne, the company’s On-Demand Liquidity may soon be available in Brazil. Brazil could be the next area for crypto firm Ripple to reach with a cross-border payments corridor, which could lead to its use in other Latin American nations.  In an interview posted to the ‘Future of Finance’ YouTube channel on June 8, Ripple Head of Global Banking Marjan Delatinne said the crypto firm was working on the development of a cross-border payment system for Brazil. When explaining Ripple’s On-Demand Liquidity (ODL) to moderator Dominic Hobson, Delatinne said the firm was planning to extend its services to “exotic corridors”, naming countries like the Philippines and Brazil as markets “where you don’t necessarily want to keep liquidity and you want to really move funds when you need it.”  Three Brazilian firms  Santander, Bradesco, and Banco Rendimento currently use Ripple’s blockchain-based financial services network RippleNet for pay

Nexus Mutual, an alternative insurance provider for a variety of Ethereum-based DeFi protocols, has seen its risk pool double over the past 90 days to more than $4 million. Indeed, Nexus can barely keep up with the demand for smart-contract cover in the exploding decentralized finance (DeFi) arena. “We are in this position where there are lots of people that want heaps of cover, but we don’t quite have enough assets to cover everything we would like to right now,” said Nexus Mutual CEO and founder Hugh Karp. “So it’s a good problem to have and we’re working on it.” The recent boost has been due to a few large covers, especially on Balancer, a newly launched protocol that is offering bonuses for people providing liquidity.  Other significant deals for Nexus stem from DeFi platforms Aave and Compound. Stepping back, the London-based Nexus may be using bleeding-edge tech but the mutual insurance model dates back to the 17th century and potentially aligns the interests of particip

Bitcoin has been on a roller coaster ride since the pandemic began. On May 11, block rewards for miners were reduced from 12.5 BTC to 6.25 BTC.  This has put much pressure on low margin miners.  The halving took place amid a historic recession and a BTC price plummet on March 12. Despite the digital currency’s recent volatility, Grayscale’s GBTC Bitcoin Trust has been buying the digital coin at a record pace.  Grayscale is a FINRA-approved investment vehicle that has bitcoin assets under management.  Prior to the March 12 crash, it held more than 300,000 BTC.  The trust has purchased 19,000 bitcoins since the halving.  Bitcoin’s price has since rebounded to produce some of the best returns of all major assets in 2020.  Here are developments in the mining sector and price. Two competing participants There are two competing participants in the bitcoin market.  There are large players (crypto hedge funds, bitcoin whales) and retail traders on futures exchange

Ripple's Head of Global Banking says the company is actively working on developing XRP payment corridors in "exotic" locations. And Brazil is next. In brief  Ripple head of global banking said in an interview that the company is targeting Brazil for its next XRP payments corridor.  Ripple executives recently met with the crypto-friendly president of Brazil's central bank.  Brazil could be the launching pad for Ripple's Latin American expansion. Brazil is at the center of Ripple's business strategy for Latin America, and its efforts in the country are picking up speed. In an interview earlier this week with the Future of Finance on YouTube, Ripple Head of Global Banking Marjan Delatinne said that the San Francisco startup is actively working on developing a payment corridor in Brazil. "We extend these services now to more and more corridors typically exotic corridors with lots of challenges, like [the] Philippines [and] very soon within Brazil

In brief:  Developers at the Litecoin project have released the latest core upgrade dubbed v0.18.1.  News of the available upgrade comes months after investors feared there was no active development at the Litecoin project.  This release quells any fears that development at the Litecoin project had hit a dead end. Earlier today, the Founder of Litecoin, Charlie Lee, informed the LTC community that developers at the project had released the final version of Litecoin Core Version 0.18.1. Charlie Lee went on to point out that the release puts to rest the question as to whether there was any development going on at the Litecoin project.  Additionally, he notified the crypto community that Litecoin Core 0.20 was already in the pipeline and its release would bring the LTC blockchain in line with the latest Bitcoin Core code. More on this can be found on Mr. Lee’s tweet below. Fears that There Was no Development At the Litecoin Project Regarding a lack of development at the Li