$400 million in Ripple tokens linked to criminal activity
Elliptic, a London-based company supplying risk management systems for the cryptocurrency market, has stated that 400 million USD in XRP tokens, the currency used in the Ripple payment network, are believed to be connected to illegal transactions. XRP currently has a market capitalization of 10.98 billion USD, and therefore the total number of illegal transactions represent less than 0.2 percent of the total transactions using XRP.
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ReutersRelated Articles
Rich Dad Poor Dad author predicts Bitcoin will reach $75,000 in 3 years
Rich Dad Poor Dad author, Kiyosaki has gone further to tag a price prediction for Bitcoin. He predicted that Bitcoin will reach $75,000 in the next three years. The author further confirmed that he is buying up some more Bitcoin seeing how incompetent the government has become. Kiyosaki’s prediction is conservative in comparison to other analysts like Anthony Pompliao and PlanB. These analysts expect Bitcoin to reach $100,000 in 2021.
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CryptoMute
Bitcoin Hashrate Has Tanked 40% Since Halving; Bullish Or Bearish?
The latest data shows that miners are shutting down the mining equipment. Since the halving, there has been a 40% drop in hashrate. Arguably, just before the halving, this was at an all-time high with miners competing to grab as much as Bitcoin they could get while the reward was 12.5 BTC.
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CryptoMute
Turkey's Lira plunges to its lowest level in history
Lira, Turkey’s national currency hits the lowest level in history against the US Dollar as Turkish banking regulator imposes new restrictions on foreigners making lira-denominated transactions in an effort to prevent speculation and short-selling. Lira fell as low as 7.49 against USD, and has been under pressure due to rising inflation, slow economic growth, and high unemployment numbers. Turkey now has the highest number of coronavirus cases in the region
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CNBC
Bitcoin jumped above $10,000 again
Bitcoin jumped above $10,000 again
The cryptocurrency market gained more than $12 billion on Tuesday to cross the mark of $290 billion as Bitcoin jumped above the key psychological level of $10,000. Uncertainty regarding the Coronavirus and strong crypto fundamentals played an important role in the recent bullish move. Ethereum remains the top gainer on Tuesday with price jumped more than 4% to cross the price level of $230.
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