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Ripple sells shares in MoneyGram for the first time

admin, · Kategorien: Bitcoin

Ripple (XRP) invested in the world’s second largest provider of international transfers (remittances) in 2019.

Now, for the first time, the company is selling about a third of its shares in MoneyGram

Ripple announced in a filing to the US Securities and Exchange Commission last Friday that it plans to sell four million shares of MoneyGram by March 31, 2021 .

As a result, Ripple would only have 2.3 million shares in MoneyGram. However, the company has an option that entitles it to purchase 5.9 million additional shares. In total, Ripple is entitled to 8.2 million MoneyGram shares.

In terms of percentage ownership, Ripple sells about 33 percent of its MoneyGram shares when you include the share purchase options. A representative of Ripple told the crypto magazine TheBlock about the sale as follows:

This is a purely financial decision in order to take profits on our investment in MoneyGram

The sale has nothing to do with the current status of our cooperation.

In fact, the sale of the shares brought the company a price gain of almost 80 percent compared to the initial investment.

Ripple and MoneyGram partnered last year to use XRP as part of MoneyGram’s cross-border payments business to process foreign exchange payments. As part of the agreement, Ripple invested $ 50 million in MoneyGram . The partnership agreement is limited to July 2023.

Finance invaded by Bitcoin – LN Clear, the Lightning Network of options?

admin, · Kategorien: Bitcoin

In the pages of Journal du Coin, we occasionally try to highlight the developments of ambitious projects that want to build the foundations of a new bitcoin-centric economy. And among these projects, there is naturally LN Markets … But the entrepreneurs behind this crypto-trading platform built on top of Bitcoin’s Lightning Network have another idea behind their heads, and announced it yesterday: LN Clear. LN… What?

Bitcoin is just the beginning

The announcement fell yesterday, during the day, on the occasion of the traditional Lightning Network oriented newsletter sent by the company Bitcoin Rush to curious bitcoiners : LN Markets plans to diversify , and to aim higher than the simple platform of leverage in trading (endearingly crazy , but terribly traitors !).

To do this, the entrepreneurs behind the project plan to launch a new product, LN Clear . Késako? One project based infrastructure developed for LN Markets, to allow to sellers and buyers of different derivatives financial … and have them agree to the negotiations and cases settled instantly , thanks to the Lightning Network .

Head full of projects

In order to be able to manage these derivative products and their “future flows” , LN Clear proposes to “remove the counterparty risk that is usually found on historical financial markets” , explains Romain Rouphaël , co-founder of LN Markets. How? ‚Or‘ What ? By relying on private payment channels , open on the Lightning Network . Recall that the Lightning Network payment channels consist of funds jointly sequestered on the original Bitcoin blockchain , using so-called multisig transactions.. Thus, on the Lightning Network, the funds in transit can be transferred instantly , since they have already been locked on the Bitcoin blockchain .

LN Clear acts as an intermediary for the various parties, but with everything happening on the LN.
If LN Markets caters to all followers of trading of bitcoins , LN Clear is therefore „a different audience“ , says Rouphael: First, the crypto-friendly investors already present on the market (in the manner of some hedge funds located in the cryptosphère), but above all – eventually – the traditional institutional investors … even the financial markets themselves. And to do this, LN Clear will first take the route of Bitcoin-backed derivatives , which will be tradable in OTC.(by mutual agreement ) by an informed public . Naturally, as Mr. Rouphaël reminds us, “there is major work that we are carrying out in terms of compliance and regulation” , specific to the target audience.

3 primære grunde til, at Ethereum (ETH) kunne ramme $ 500 i 4. kvartal

admin, · Kategorien: Börsengang, investerings

En sammenløb af bullish grundlæggende og tekniske indikatorer ser Ethereum rally opad mod $ 500 i fjerde kvartal. Det næststørste blockchain-aktiv efter markedsværdi er steget med mere end 200 procent i 2020, med sin prishandel, der kun er sky på $ 490 i begyndelsen af september.

Ikke desto mindre stoppede dets uptrend, da forhandlere migrerede til Bitcoin, det flagskibskryptovaluta, der tidligere fik adgang til investerings- / serviceporteføljer fra betydelige virksomheder (Square, MicroStrategy, PayPal osv.).

Da Bitcoins dominans steg, udvidede Ethereum sin nedadrettede korrektion og faldt til så lave som $ 313 i en handelssession i slutningen af september. Det er i et langsomt og stabilt rebound lige siden, marginaliseret af Bitcoins voksende hegemoni på kryptokurrencymarkedet.

Men det kunne stadig ramme $ 500, da Bitcoin-uptrend kommer på randen af udmattelse. Mindst tre faktorer – både tekniske og fundamentale – peger på et forløb for Ethereum. De nævnes som følger.

# 1 ETH / BTC support

En afmatning i Ethereums dollarbaserede uptrend finder modvind i ETH / BTC-diagrammet. Parret, der sætter Ethereum direkte mod Bitcoin, handles lavere siden 31. august. Per torsdag var det faldet med mere end 32 procent fra dets YTD-højde på 0,0406 sats.

ETH / BTC dannede en intradag-lav på 0,02738 sats, et niveau, der falder i handelsområdet, der tidligere fungerede som både støtte og modstand. En pseudonym daytrader bemærkede, at hvis ETH / BTC har dette „vigtige supportniveau“, kan det ende med at reducere Bitcoins dominans på kryptokurrencymarkedet.

„Jeg har $ 16,213 som mål [for Bitcoin],“ skrev den erhvervsdrivende og gentog, at ETHBTC sandsynligvis ville ende nedenunder.

„ETH-sæsonen vil udløse altcoin-sæsonen,“ tilføjede han.

# 2 Ethereum Ascending Triangle

Ethereums korrektion fra sin YTD-højde efterfulgt af en efterfølgende tilbagetrækning til opadrettede efterlod sin pris i en konsolideringskanal. Dette interval, med en fast vandret modstandslinje og et spor af højere nedture, lavede et stigende trekantmønster, som vist i diagrammet nedenfor.

Typisk er en stigende trekant i en uptrend et fortsættelsesmønster. Derfor signalerer det om en længere periode med bullish bias, startende med en prisudbrud over modstandsniveauet på $ 415. Skulle det ske, kan ETH / USD vokse så meget som den maksimale højde af trekanten, som er $ 178.

Det sætter parets opadrettede mål på næsten $ 597.

# 3 Grundlæggende

Årsagen til, at Ethereum kunne udføre i henhold til sine bullish tekniske forventninger, er en solid grundlæggende katalysator.

Den 1. december eller før skifter kryptokurrencyens overordnede blockchain sin protokol fra proof-of-work til proof-of-stake. Migrationen giver Ethereum-indehavere mulighed for at placere deres tokens for at opnå faste interesser over tid, svarende til hvordan de decentrale finansieringsprojekter fungerer.

Dens udsigter til at fjerne et større antal ETH-tokens ud af omsætning – mod en forventet højere efterspørgsel – har ført til en stigning i „HODLING“ -stemning.

“Ethereum-samfundet er ved at blive forberedt inden lanceringen af ​​ETH 2.0, med et rekordantal tegnebøger, der nu har mindst 32 ETH,” bemærkede Crypto Compare i sin daglige sammenfatning. „Antallet af Ethereum-adresser, der har mindst 32 Ethereum, nåede en all-time high (ATH) på 126.852.“

Det øger også udsigterne for, at Ethereum vil ramme $ 500 i 4. kvartal.