Big Year For Cryptocurrencies As Ethereum Hits $1000 For First Time

Still, though Ripple needs a lot of stars to align to become a major currency player used by big banks, one analyst writes for Medium that he expects the company to keep doing well, since "this is crypto, and everyone in the industry is now slinging crack crypto cocaine to retail addicts".

Ethereum, for the first time, hits $1,000 on Thursday, while investors looked at alternative currencies such as ripple, ethereum and litecoin. Ripple is now already the second-largest cryptocurrency by market capitalization, at $140 billion - still some way behind bitcoin's $250 billion, but closing in fast. XRP went from less than a cent at the start of the year to around $2.80 near the end of 2017.

Of course, Ripple is far from the only other cryptocurrency out there. Our mission is to be the most trusted and easy-to-use digital currency exchange.

How is Ripple different to bitcoin? Bitcoin transactions can now take up to an hour to complete. Forbes reports that Larsen personally owns 5.19 billion XRP and if we translate that value to dollar equivalent we get a whopping $55.8 billion making him the eighth-wealthiest person in the world - at least on paper. Of that number, 61% is held by Ripple Labs. By comparison, Bitcoin has only risen 1,506 percent in the previous year.

IHK bomb blast kills four Indian policemen
In a statement issued to news agency GNS, the Jaish spokesperson said its "Shaheed Afzal Guru squad" carried out the attack. Sources said the IED was planted beneath a shop by the militants and detonated through remote control.

A spokesperson for Ripple declined to comment, saying the company "can't comment on rumor or speculation".

Will Ripple continue to increase in value?

From highs above $3.60, the latest milestone in what has become the biggest-ever annual appreciation for a major cryptocurrency of around 35,000%, the platform's XRP token swiftly fell by nearly a fifth following the news. In the last few weeks, for cross-border payments, according to the company.

Related News:

  • Mad Catz Rise From The Ashes as Legendary Gaming Peripheral Brand Returns

    Mad Catz Rise From The Ashes as Legendary Gaming Peripheral Brand Returns

    The company was forced to lay off many of its employees that year and then shuttered altogether one year later. After a short time away, Mad Catz has returned! However, it seems Mad Catz has officially risen from the grave.
    He Was Busted at Train's Controls. Now, Terror Charges

    He Was Busted at Train's Controls. Now, Terror Charges

    Charles man, with links to a white supremacist group, of a terror attack on an Amtrak train in rural Nebraska last October. Wilson was also said to have images tied to white supremacy and how-to guides on killing people on his phone.
    Kyle Edmund gets rematch with Grigor Dimitrov in Brisbane quarters

    Kyle Edmund gets rematch with Grigor Dimitrov in Brisbane quarters

    The Bulgarian will now battle Kyrgios on Saturday for the chance to defend his 2017 title at Pat Rafter Arena . Edmund meets world No. 3 Grigor Dimitrov next at the ATP event.
  • Run, don't walk, to replace your iPhone battery for $29

    Run, don't walk, to replace your iPhone battery for $29

    Alternatively, there are a number of third party apps that also monitor battery health and can give you the same information. However, Apple announced in a statement that the effort was created to prevent sudden shutdowns caused by aging batteries.
    Congress, let the states set marijuana policy

    Congress, let the states set marijuana policy

    With the new year brings new changes, including California becoming the sixth state with legalized recreational marijuana sales . The public service announcement was rolled out as California began allowing licensed stores to sell pot to adults on January 1.
    Triple talaq bill: Congress issues whip for its members in Rajya Sabha

    Triple talaq bill: Congress issues whip for its members in Rajya Sabha

    The Congress wants the bill referred to a standing committee for review, but the government stood firm on opposing that demand. However the leading dispensation is hopeful that the opposition would not stall the passage of the Bill in the Upper House.
  • Wintry Mix Possible Sunday

    Wintry Mix Possible Sunday

    A light wintry mix is possible Monday , but conditions look much brighter for Tuesday and Wednesday . Freezing rain could return to the Tri-Cities Friday , according to the National Weather Service .
    TN Bus strike: Transport minister appeals employees to join duty

    TN Bus strike: Transport minister appeals employees to join duty

    The striking unions wanted the "factor" for revision to be fixed at 2.57 while the government insisted it be 2.44. I thought it was my duty to work for the people", said Mr Rajakrishnan, who is a first-time MLA from Andhiyur.
    Atlanta Falcons at Los Angeles Rams - 1/6/18 NFL Pick, Odds, and Prediction

    Atlanta Falcons at Los Angeles Rams - 1/6/18 NFL Pick, Odds, and Prediction

    Louis and Los Angeles , because the wounds are still fresh and there won't be any more games until August. The game between the Falcons and Rams will kick off at 8:15 EST and will be televised on NBC.
  • Hutch's Grimsley to play in FCS title game Saturday

    Hutch's Grimsley to play in FCS title game Saturday

    Schor ran for 10 yards on the next play. "There has been so much adversity that has made us so much stronger as a team". It led to a 32-yard Pedersen field goal and it was 17-3. "They don't think we are good enough to be here".
    Eden Hazard an Injury Doubt for FA Cup Clash at Norwich City

    Eden Hazard an Injury Doubt for FA Cup Clash at Norwich City

    Chelsea must now turn their attention to their EFL Cup semi-final first leg against Arsenal on Wednesday. It was important to be good in possession, especially against a good possession team like Chelsea .
    Trump threatens to cut off USA  aid to Palestinians

    Trump threatens to cut off USA aid to Palestinians

    On Sunday, the PA said it was recalling its envoy to the United States for consultations, in protest of USA actions. Donald Trump has threatened to cut Palestinian aid, in an escalation to the conflict between leaders.


Most liked

Titans' Marcus Mariota tosses touchdown to himself
Simply remarkable by Mariota who will try to use this play to generate some momentum on the side of the Titans. The Titans went for a two-point conversion in the fourth quarter after scoring a go-ahead touchdown.

Jimmy Iovine Planning To Leave Apple In August
Iovine, the former CEO of Interscope Records, joined Apple in 2014 when the tech company acquired Beats Electronics . Since taking on his role at Apple Music , the user subscription has surpassed 30 million since launching in 2015.

Get this awesome Sandstone White OnePlus 5T while it's still available
Beyond the lighter hue, the white model also features a different texture than the black version (hence the "Sandstone" name). Every once in awhile, companies release new colors of existing phones to jumpstart sales a few months after launch.

USA astronaut John Young dies at age 87
Young had been due to command a 1986 flight that was canceled after the explosion of the shuttle Challenger earlier that year. It was the first time a piloted spacecraft was tested in space without previous orbital flights with nobody on board.

DeWanda Wise joins Captain Marvel
Jackson reprising his role as Nick Fury, and is said to take place in the 1990s, with a Skrull-based threat as the villain. She also used to go by the name Captain Marvel and was the first female African-American member of the Avengers .

Powerball jackpot rolls over to $550 million
No one has hit the Mega Millions jackpot since October 13, 2017, while Powerball has not had a jackpot victor since October 25. The jackpot has been increasing since tickets purchased in MI and Rhode Island shared a $42 million jackpot on October 13.

Spotify now has 70M paying subscribers
This was also not the first time Spotify has been involved in a multi-million dollar lawsuit and settlement case. Wixen handles titles by Stevie Nicks, Neil Young, Tom Petty, the Doors, and Weezer's Rivers Cuomo, among others.

Lottery Jackpots rise to near record highs
The largest Mega Millions jackpot was $656m (£484m), won in 2012, and also shared by three lucky winners. If you were not the lucky Friday victor , there is still the even bigger Powerball jackpot Saturday.

Quake rocks San Francisco Bay Area but no major damage reported
The Hayward Fault runs along the western edge of the East Bay hills, from San Jose into the North Bay. Fortunately, no damage or personal loss was reported despite it rattled the Bay area completely.

Gander Mountain is reopening in York County as Gander Outdoors
At the York location, there will be a public grand opening event and an official-ribbon cutting ceremony with details to come. It also owns Good Sam Enterprises, Overtone's, The House, Uncle Dan's and Windward/W82.

Netflix Plans To Take The FCC To Court Over Net Neutrality
The controversial vote, which was supposed to remove the US government net neutrality rules, was scrapped after a bomb threat .

Belieb it: Justin's getting his own museum exhibit
In 2010, Stratford's tourism board unveiled a downloadable "Bieber-iffic Map" highlighting 24 locations linked to the singer. His grandparents, Diane and Bruce Dale have collected a selection of items that show his childhood days and rise to fame.

New Zealand vs Pakistan ODI Series
It will be a tough tour for Pakistan as the Green Shirts have historically struggled in New Zealand having won only two series. His innings contained only eight fours and one six and, in total, New Zealand hit only 25 fours and five sixes.

Everton Agrees £27m Deal for Besiktas Forward, Tosun
If we get the transfer done and he is successful for us by scoring goals it will be an exceptionally good deal for us. With Tosun's move to Everton expected to be announced soon it looks like Besiktas will now move on Giroud.

Spotify Might Have Already Confidentially Filed for Its IPO Last Month
A direct listing would be an usual move, and Reuters states that Spotify would be the first major company to do so. Last year, Spotify had to shell out a grip over a couple multi-million dollar lawsuits .