RIPPLE XRPL Labs to register its own BANK!! 😱
Today we have a Daily Token Review and three really awesome cryptocurrency news segments to share with you. First up we have Nasdaq, the second-largest stock exchange that has been testing Bitcoin Trading, We also have Ripple XRPL Labs in talks with regulators for a license concerning their XRPTipbot, and Deloitte and PwC adopting VeChain Thor!
As seen on CoinMarketCap, we’ve got a mixture of greens and reds on the market, with the bulls struggling to maintain their acceleration. The world’s flagship cryptocurrency, bitcoin (BTC) has increased by 2.72 percent. Ether (ETH) still maintains its “second in command” status, with a decrease of 1.42 percent. Ripple’s XRP maintains the number three position, and it’s currently losing by 1.52 percent. Other considerable movements in the market include Litecoin, Binance Coin, and Cardano, falling by 5.10 percent, 6.39 percent, and 7.07 percent respectively.
Now, if I scroll down to the top 20, we’re also having a mixture of red and green across the board, with the bears slightly having the upper hand.IOTA, NEO, and Ethereum Classic have all been declining by 6.56, 5.48, and 6.18.
Now onto the news! According to a report by Cointelegraph, Nasdaq, the world’s second-largest stock exchange has quietly started testing its bitcoin trading service. The news was first revealed by a Twitter user with the moniker, Cryptopolis, who is also a quantitative analyst at StrongMarket LLC.
“BREAKING: BTC is now being traded on the Nasdaq! I bought one BTC through my TDAmeritrade account! According to the chart, it started trading on April 10, 2019!! Other digital assets are soon to follow!!” tweeted Cryptopolis. However, the excitement of the crypto enthusiast was cut short when a customer service staff at TDAmeritrade told Cryptopolis that the Nasdaq crypto trading service may still be in the testing phase since the CXERX ticker symbol does not represent any investment vehicle on the live trading platform.
“UPDATE: According to TDAmeritrade support — it’s not a real trade in my account — it appears they are testing only using their Paper Trading platform. Support said “I’m not able to speak on it”-They did not know what CXERX is. Strange… But something is going on for sure!” he concluded.
Though the support staff at TDAmeritrade was able to convince Cryptopolis that the trade was not real, it won’t be surprising to see the stock exchange giant offering clients bitcoin-based investment products shortly, as the firm has been making active plans to launch its bitcoin futures trading service since 2018. Also, earlier in February 2019, reports emerged that Nasdaq had started listing two cryptocurrency price indices from Brave New Coin (BNC), including Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX).
Now, onto our second news item for today! Per a report by Invest In Blockchain, Ripple’s XRPL Labs, the creators of the XRPTipbot, has revealed that it is now holding talks with financial regulators in the United States, in a bid to secure a banking license for the XRP-powered payments app.
The exciting news was revealed by Wietse Wind, the founder of XRPL labs at the just concluded XRP meetup. Tiffany Hayden, the CEO of XRP who was present at the event, took to her official Twitter handle to express her excitement over the development. “The BIG news from yesterday’s $XRP meetup is that @WietseWind is in the process of obtaining a banking license for @xrptipbot! @XRPLLabs is going to bridge the legacy network! Don’t fight the old, build the new! #XRPTheStandard #XRPCommunity #0doubt,” she declared.
Now, what does this mean for Ripple, XRP, and supporters of the project? If all goes as planned and the XRPTipBot becomes a licensed payments solution, it would potentially boost XRP adoption, as XRPL Labs will be able to offer remittance services powered by XRP. The entire scenario will also boost the image of Ripple as a formidable fintech firm in the blockchain ecosystem. These are exciting times indeed for XRP enthusiasts, as the entire Ripple team has been working hard to make the project work and it seems their efforts are beginning to yield positive results. Just recently, reports emerged that the XRPayments app is now available for downloads on both Google Play and the iOS App Store.
Now, onto the third news item for today! According to a report by Invest In Blockchain VeChain Thor (VET), a distributed ledger technology (DLT) project that claims to be focused on connecting blockchain technology to the real world via its advanced IoT integration, has announced that Deloitte and PwC, two out of the four largest professional services firms in the world, have adopted VeChain Thor, in a bid to build robust blockchain solutions upon the network.
According to a tweet by the VeChain team, Deloitte has made it clear that it’s dumping the Ethereum blockchain for VeChain Thor because the latter offers more advanced features. Currently ranked 25th on the CoinMarketCap cryptocurrency table, VeChain (VET) has been making steady progress in recent times, securing several partnership deals with highly reputed firms like the BMW Group, NTT Docomo, Groupe Renault, and others.
Also, this April, reports emerged that the VeChain (VET) NFC chips will be used in a promotional initiative being executed by HBO, the creators of Game of Thrones and SBTG, a Singapore-based sneakers maker.
So what are your thoughts on this situation?
Do you think Nasdaq will officially announce the launch of its bitcoin trading service soon? What are your thoughts about XRPL Labs? Will the team succeed in securing a banking license for XRPTipBot? And how do you see the integration of VeChain Thor into the operations of Deloitte and PwC?
Let me know what you guys think below. If you liked the content, please subscribe and watch our latest videos.
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.
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