With the price of Bitcoin rising as our Ethereum returns dropped, we switched to NiceHash - which let us mine altcoins which were then exchanged for Bitcoin.
The Ripple reported a 18% drop to 1.96 Dollars after losing 13.36% on its first day of the week.
The North American Bitcoin Conference should be the kind of place you can put away your credit card and use a digital currency to get in, right?
CoinMarketCap's removal of the South Korean exchanges was controversial and this is because exchanges over at South Korea are well-regulated and account for more than 50 percent of global Ripple trades over the past few weeks.
While interest in the digital currency has exploded over the last 12 months, pushing its price up from $800 to $15,000, the network has buckled under the strain.
As Ripple has made a contract with American Express or Banco Santander, the terms of contract bind the non-card users of American Express to have their transactions directed through the Ripple's blockchain. Transactions processing costs are fractions of a Ripple - now at 0.00001XRP. But now according to CoinMarketCap, Ethereum is valued at $1,220.68.
VIRTUAL VERGE What is the newcryptocurrency Verge and where can you buy it? Ripple has seen the widest price divergence over the weekend, in part to due to a Twitter spat between the company and a New York Times journalist questioning the adoption by banks of the digital currency. The move higher in the XP coin over this 53-week stretch was a remarkable 13,706,718%. There are still a lot of unanswered questions regarding functions of a cryptocurrency.
BtcxIndia: The Exchange became the first exchange to trade Ripple coin in India.
What a difference a week makes and the much hyped story on Ripple has turned sour this week. The Experience Points Twitter page has also been strongly encouraging its followers to vote for XP's inclusion on the Binance cryptocurrency exchange. In future posts, I'll explore some of the coins and exchanges in more detail, while covering the broader growth of crypto and the blockchain technology upon which it is built. Coinbase also benefits from having ACH and Credit Card purchases, an advantage over most exchanges which operate exclusively on crypto/crypto pairings. It utilizes a notary node to prevent double-spends and provides transaction verification as opposed to distributing it across many computers. Rewarding gamers for unlocking achievements, students for their attendance and good grades, and athletes for completing events sounds fine and dandy until we get into its actual application. So you'll have to explore others such as Binance.
Some investors appeared to have taken preemptive action.