Crypto News Flash: Bitcoin (BTC), Tron (TRX), Ripple and XRP, Ethereum (ETH), Litecoin (LTC), Stellar (XLM)
From a liquidity boost for Tron to a big win for Ripple and XRP, here’s a look at some of the stories breaking in the world of crypto.
Stellar (XLM), Litecoin (LTC) and Bitcoin (BTC)
Brian Kelly, the CEO of crypto investment firm BKCM, says Stellar has earned its spot ahead of Litecoin in market cap.
“Stellar is both a currency and a platform, so it makes sense that it is more valuable than Litecoin,” Kelly told CNBC. “The partnership with IBM is very interesting and could add even more value as they build more products on the Stellar platform.”
As for the overall market, Kelly believes the bears may have subsided. “The character of the market has appeared to have changed. For most of this year, every rally was met with aggressive selling. That has changed over the last two weeks. The potential for a currency war could be a tailwind for Bitcoin going forward.”
Crypto exchange Changelly has added Tron to its list of cryptocurrencies that can be easily bought with a bank card.
In addition, a new Google Chrome extension for Tron is launching. Tronlink is designed to give developers an easy way to create decentralized apps that launch directly from the browser. Users will be able to see games, applications, sites and other DApps on Tron’s blockchain through TronLink. It will be available on the Chrome Web Store on July 31.
Check out Tronlink, the Chrome extension built by @TronWatch! Developers will now be able to create and interact with DApps from a browser, a major step before our Virtual Machine Testnet launch on July 30! Stay tuned https://t.co/4BuNDvPDTX
— Tron Foundation (@Tronfoundation) July 21, 2018
Ripple and XRP
A new poll from Weiss Ratings found XRP is the best cryptocurrency for moving funds between exchanges.
Out of 7,598 votes, XRP came in first at 78%. Ethereum and “other” tied for second with 8% each, and Bitcoin is in fourth place at 6%. Ripple owns 60% of the total supply of XRP.
Which is best for moving funds between exchanges?
— Weiss Ratings (@WeissRatings) July 20, 2018
MyEtherWallet now allows direct purchases of Ethereum on its website, through a partnership with SimplexCC. The wallet is one of the most popular ways to store both Ether and ERC20 tokens.
** MEWsers! **
We have an exciting update!
YOU now have the power to purchase ETH in USD or EUR on MEW, courtesy of @SimplexCC!
— MyEtherWallet.com (@myetherwallet) July 18, 2018
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.