Will Decentralization Be in Favor or No One Wants to Burn Their Fingers Anymore? (Daily Digest, Oct 26)

Poloniex introduces new restrictions, XRP launches its crypto exchange, Bitfury considers IPO, Viettel moves to blockchain, interview with Jeff Morris, Jr., interview with the Gemini Dollar developer

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xRapid will not ‘flip the switch’ on XRP price, say prominent XRP community enthusiasts

XRP, the cryptocurrency closely related with the company Ripple, has been at the center of speculation and arguments, with respect to xRapid and XRP’s price. There have been a lot of accounts on Twitter promoting the fact that the price of XRP will rise and shoot to the moon, after banks and financial institutions start using xRapid for cross-border payments. The most famous theory put out by people was the price of XRP hitting $589 by the end of 2018, which didn’t happen. However, a recent conversation started by prominent XRP enthusiasts, has suggested that xRapid would not massively affect the price of XRP. Nayer Malik [@sinjunsmyth], a Twitter user, stated, “@galgitron @Hodor @jungleincxrp @C3_Nik …Guys what r ur thoughts on Bob Way’s view regarding X-Rapid usage not increasing the price in and of itself?” In response, Galgitron [@galgitron], a prominent XRP enthusiast and a contributor to the XRP community, added that he had “been saying that all along.” In one of his blogs Galgitron stated, “Sure, there may be some massive FOMO buy-in once banks announce they are starting to use xRapid, and that will send the monkey [price action] hundreds of feet into the air, but, only speculation creates parabolics..” C3|Nik [@C3_Nik] acknowledged the above and replied, “It was seen like blasphemy to say that xRapid would not move prices that much by itself (e.g. “not the flip-the-switch kind of event”). It is interesting that the people who spread that narrative and misled others still have so many followers. Selling dreams.” A Twitter user, @Crypt_Megalodon, voiced his opinion, which was different from the others. He tweeted, “Well when you consider the US money supply being 15 trillion alone, the XRP cap doesn’t worry me. If/when XRP becomes the standard world wide, inflation will be rapid with mass adoption. I agree, with years, but, the value can be prodigious! The cryptoloution has already started.” Considering the price of XRP at press time was only $0.31, and that there were more than a couple of Ripple customers that had already started using xRapid for cross-border transactions, the increase in the price of XRP due to xRapid seemed highly unlikely. The post xRapid will not ‘flip the switch’ on XRP price, say prominent XRP community enthusiasts appeared first on AMBCrypto.
AMBCrypto

BitDeer.com to Host Crypto Mining Industry Dialogue 2019 in Beijing

BEIJING, March 21, 2019 /PRNewswire/ -- On March 24, 2019, the world's leading computing power-sharing platform BitDeer.com is hosting the very first Crypto Mining Industry Dialogue in Beijing, where mining elites unite to discuss, define, and create the future of cryptocurrency mining industry. Officially unveiled months ago during the bear market, BitDeer.com has remarkably achieved explosive growth and gathered immense popularity amongst global crypto mining enthusiasts. "As an active member and pioneer of the crypto mining industry, BitDeer.com is looking forward to facilitating dialogue between the industry leaders and giving back to the crypto mining community," said Celine Lu, founder & CEO of BitDeer.com. "We are thrilled to host the first Crypto Mining Industry Dialogue event in Beijing, and hopefully a few more in China and all over the world." The one-day event will feature an all-star speaker lineup of prominent cryptocurrency mining experts and industry opinion leaders, covering a wide range of topics such as the mining market prospects in 2019, new opportunities and rising stars, challenges and industry thresholds, as well as the sustainable profitability of crypto mining industry. Confirmed speakers and participants include: Celine Lu - Founder & CEO, BitDeer.com Zhong Zhuang - CEO, BTC.com Full story available on Benzinga.com
Benzinga

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