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Russia’s $18 Billion Man Digs Crypto – Bitcoin, Ethereum, XRP, Litecoin Market Update

by Daily Hodl Staff
March 29, 2019
in Trading

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The richest man in Russia is going crypto.

Vladimir Potanin, whose net worth is about $18 billion, plans to tokenize the rare metal palladium. As the chairman of the mining company MMC Norilsk Nickel PJSC, Potanin told Bloomberg he’s talking with Swiss authorities to utilize crypto tokens pegged to palladium.

Potanin says he believes digital tokens are the wave of the future, offering many advantages over the current way of doing business.

“People more and more tend to use decentralized networks and platforms that don’t have a main operator. We want to be active participants of this process.”

The tokenization of palladium may be just the beginning. If it works out, the company will consider expanding the concept to other metals in the long run.

As for the current state of the crypto market, Bitcoin is down 0.47% at $4,016. Ethereum is down 0.29% at $138.35, XRP is down 0.43% at $0.3067, and Litecoin is up 0.16% at $60.58.

Source: Coin360

[the_ad id=”36860″]

Meanwhile, technical analysts are watching Bitcoin for signs of a new run above $4,050.

Bitcoin

FXStreet – BTC/USD consolidates gains above $4,000

Bitcoin Magazine – Upward drift continues following established macro support

NewsBTC – Bitcoin (BTC) price could rally significantly above $4,050

Ethereum

Blockonomi – ETH facing a strong resistance near the $142 level

NewsBTC – ETH bulls battling near key support

ETHNews – ETH/USD remains supported on dips near $137.50

XRP

Coinspeaker – XRP is ranging on the medium-term outlook

FXStreet – Bulls try to break back above the game-changing resistance trend line

NewsBTC – Fresh increase or further decline?

Litecoin

Ethereum World News – Dips remain supported near the $59.50 and $59.00 levels

FXStreet – LTC/USD completing a breakout and retest of bullish structure

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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, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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