CNBC’s Crypto Trader Says Stock Market Plunge Will Boost Bitcoin, Plus Ripple and XRP, Ethereum, Tron, Stellar, EOS: Crypto News Alert
From the stock market’s impact on Bitcoin to a new milestone at Tron, and the expansion of XRP the base, here’s a look at some of the stories breaking in the world of crypto.
The host of CNBC’s Crypto Trader says the stock market plunge will likely convince fund managers to turn to Bitcoin.
According to Ran NeuNer, crypto market volumes on the Christmas holiday also indicate the emerging technology’s wider international appeal.
Amazing that on Christmas the Crypto market does $ 20bn in trade! I guess it’s not the western world driving the volume.. pic.twitter.com/ZV8P17OBAl
— Ran NeuNer (@cryptomanran) December 25, 2018
This correction in the stock markets should bode well for BTC. At some stage fund managers look for creative places to get returns outside of equities,bonds & Gold which has had little response. Given the massive correction we had it could make BTC look cheap & attractive to them
— Ran NeuNer (@cryptomanran) December 24, 2018
Ripple and XRP
Two more cryptocurrency exchanges have followed Binance by adding XRP as a base asset. Australia’s BTCEXA and India’s CoinDCX both say they are expanding the number of coins paired with XRP.
We are pleased to announce that XRP has been listed as a base pair on BTCEXA! The trading pairs available at launch are XLM/XRP & ADA/XRP.
— BTCEXA (@BTCEXA_Official) December 24, 2018
— CoinDCX: Crypto Exchange (@coindcx) December 24, 2018
Ethereum and Raiden
The Raiden Network’s Alpha version is now live on the Ethereum mainnet.
Raiden is a layer-2 solution designed to dramatically increase Ethereum’s scalability and security.
“With Red Eyes, the first version of the Raiden Network has been successfully deployed on the Ethereum mainnet. The main goal of this release is to have the smart contracts and the core protocol battle tested on the mainnet. As part of ensuring this, a bug bounty was created specifically for the release. Find out more about the bug bounty here.”
EOS is now available on Travala.
The “Expedia of Crypto” lets users book more than half a million hotels using a variety of cryptocurrencies including Bitcoin, XRP, Ethereum, Litecoin, Dash, Binance Coin, Stellar, TrueUSD and Travala.
You can now book 550,000+ hotels in 210 countries using @block_one_ coin $EOS. Travel to 82,000+ destinations worldwide on https://t.co/CL8FxAXFXS the next-gen online travel agency@travalacom @BrendanBlumer @bytemaster7 #EOS $AVA @CoinGatecom pic.twitter.com/WISkEiMJLf
— Travala.com ✈️ 🏨 (@travalacom) December 25, 2018
The hardware wallet ELLIPAL now supports Stellar (XLM).
The wallet is designed to perform like a Ledger or Trezor hardware wallet, in a smartphone-like package.
4/5 ELLIPAL will be proudly supporting #XLM #Stellar !
Stellar is an open-source, decentralized protocol for digital currency to fiat currency transfers which allows cross-border transactions between any pair of currencies. @Stellar_XLM_ @StellarLumens @StellarOrg @xlm_usd 🚀 pic.twitter.com/LYL40r0mVD
— ELLIPAL (@ellipalwallet) December 24, 2018
Tron has now hit more than one million user addresses just six months after leaving the Ethereum network and launching its own mainnet.
Tron, an Ethereum competitor, aims to become the leading ecosystem for blockchain developers building decentralized applications.