From the potential for an altcoin pump to new support for XRP, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin vs. Altcoins
A tweet from a crypto trader known in the industry as Paddy Stash is going viral.
In a new video seen more than 111,000 times, the trader points to the past six years of rising and falling altcoin dominance. If past is prologue, the trader says altcoins are poised to once again rise and take back from Bitcoin a significant chunk of the overall crypto market cap.
More #altcoin dominance talk.. history has repeated itself for 6 years in a row.. the chance of history repeating itself again is mathematically logical. $btc pic.twitter.com/TFyxrPb113
— Paddy Stash (@paddystash) July 13, 2019
Right now, Bitcoin’s dominance of the crypto market is at 66.5% according to CoinMarketCap – a level not seen since April of 2017.
A new edition of the Week in Ethereum blog post is out.
This week’s post covers the latest on Ethereum 2.0 and includes a number of updates on Ethereum-based platforms such as Kyber Network, Basic Attention Token and FunFair.
XRP and Litecoin
Stark Payments, a crypto payment processor based in London, says it now supports XRP. The platform also accepts Bitcoin and Ethereum, with support for Litecoin on the horizon.
We’re super pumped to have successfully tested #XRP in our #blockchain platform! Now, system integrators and merchants around the World can accept XRP for their business https://t.co/AeYUQcMq3c #ecommercenews #payments pic.twitter.com/t5eXaKDa63
— Stark Payments Ltd (@StarkPayments) July 15, 2019
Tron CEO Justin Sun says he hopes he can convince Warren Buffet to soften his stance on the potential of cryptocurrency. In a new interview with Forbes, Sun talks about his goals for his upcoming meeting with the financial legend, which he won in a charity auction last month.
“I get to sit down with one of the most accomplished American businessmen in history, I get to talk to him about his long term value investment strategy, and I get to discuss the great potential of blockchain. I think the lunch will be a great moment for pretty much everyone there. I don’t think we can convince him that all crypto and blockchain is good, but I hope he walks away knowing more about the industry and its potential…
I’m not sure how much I can persuade him in three hours or less. I will point him to the recent moves by other big companies to embrace crypto. J.P. Morgan, IBM and now Facebook are all jumping into the market based on its promise of borderless commerce and decentralized finance.”
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