The month of October this year is crucial for a couple of things – one of which is the upcoming Ripple conference hosted by Ripple Labs, described as the annual gathering of the “world’s most trusted voices across financial services, payments, technology and policy” on many best cryptocurrency news sites.
As you probably know if you are reading our daily crypto news, the conference is named Swell and will be dedicated to the future of the payments industry and will offer a spotlight on Ripple’s native XRP cryptocurrency token. The upcoming Ripple conference, as many times before, will likely lead to a strong pump in the XRP price too, according to many analysts out there.
However, many are asking if the history can repeat – and will repeat this October. Starting in 2017, Ripple Labs has been hosting annual conferences each year named Swell, focused on the payments industry. The voices include many leaders in both the finance and the technology space, speaking about the coming altcoin news, the future of tech, innovation and a lot more topics.
In the previous years, the event has attracted leaders such as Sir Tim Berners-Lee who is seen as the inventor of the World Wide Web (WWW) as well as the former Fed Chairman Dr. Ben Bernanke. The upcoming Ripple conference will gather even more voices and will be an equal opportunity for people who want to learn more about the space – and the investors and traders looking for more insights.
As noted in the latest cryptocurrency news by a crypto analyst named Pierre, the past years have seen as “an easy and profitable long” opportunity as the price rocketed in the days ahead of the event.
Are we going to see a "Sweel Pump by Ripple" this year again?
Was an easy and profitable long last year.
— Pierre (@pierre_crypt0) September 9, 2019
Still, it is also important to note that the upcoming Ripple conference comes in times of vulnerability for XRP. Historically, the price of XRP has not pumped during the conference itself, but surged as an after effect after the actual event.
With two years of considerable growth, we will wait and see what will the upcoming Ripple conference bring. What traders certainly don’t want to hear is another decline posted by Ripple and its XRP token.
In the latest altcoin news, we can see that XRP is trading at $0.2595 with a decline of 0.92% on the day.
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“We believe DLT holds promise for a variety of use cases, and we’re energized to take this significant step in applying the technology to banking in a material and scalable way. Wells Fargo Digital Cash has the potential to enable Wells Fargo to remove barriers to real-time financial interactions across multiple accounts in multiple marketplaces around the world.”Wells Fargo will launch its stablecoin after the largest bank in the United States JPMorgan Chase announced the launch of their own digital currency as a solution to changes in the global financial space. JPMorgan’s coin saw some mixed reactions on the announcement which was made earlier this year. The stance that both banks have is based on the decentralized cryptocurrencies. At many points, the executives have issued warnings about the dangers of using innovations and the control of the fiat-based financial system. Wells Fargo made it to the headlines after it confirmed it was refusing to allow some of the domestic banking customers to use cryptocurrencies and conduct crypto-related transactions. One of the officials of the bank pointed out:
“Unfortunately, Wells Fargo does not allow transactions involving cryptocurrency. As a result of the increasing digitization of banking services globally, we see a growing demand to further reduce friction regarding traditional borders, and today’s technology puts us in a strong position to do that.’’As per the announcement in the coming altcoin news, the governments and central banks are still drawing lines as to what the iterations of cryptocurrency are acceptable. Facebook’s Libra crypto project is also set to release in 2020 so a lot of interesting crypto projects are preparing for next year.
Second EOS ICO Has Raised $2.8 Million Worth Of DApps So Far
“They’ve done an interesting job and [have been] innovative in learning from the best cryptocurrency news sites.LiquidApps has declined to provide any comments on the results of its token sale so far, even though there is ongoing pressure for comment. For those of you who don't know, the LiquidApps is a solution that is meant to take the pressure off the EOS blockchain and its RAM system, which has gotten bogged down as the computing resources have proven to be the scarce asset on the fourth largest blockchain by market cap. Still, this effort seems to be garnering comparably little fanfare. Six months into the EOS sale, the startup behind the second EOS ICO named Block.One had raised $700 million, as a sale and mechanics in crafting how a fundraise for a project should be done. Where they’ve struggled is, not just different market conditions, but finding the right investors and participants for their sale that fully understand the value proposition for the project,” a source with knowledge of the LiquidApps fundraise told many 2017 report by the Wall Street Journal shows.
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‘’By providing a cash-free method of cannabis tax collections, AB 953 can reduce costs and safety risks for cities and businesses. The Green Rush is a 21st-century industry; it deserves 21st-century legislation. Tax collections leveraging stablecoin technology will help bring this new industry into the light.’’According to the US Federal Statutes, cannabis is still illegal despite the many attempts to make it legal for recreational use in states like California. The business is still cash-based and there is almost zero banking support. The federal banks in the United States have been known to close down the accounts of many marijuana investors. The nature of the industry that is cash-based causes serious problems when considering the sales and city tax payments. The state tax officials tend to spend some more money and their time to accept payments in large fiat deposits. For the co-founder of cred, Dan Schatt, cryptocurrencies can provide solutions for these problems:
‘’Not only does crypto result in significant cost reduction for consumers and merchants, but it also enables highly productive tax collection, transparency, and predictability for city and state governments.’’Cannabis is still a very taboo subject and so are the cryptocurrency payments and systems but it still seems like crypto is the perfect transactional tool for the industry. Berkeley’s Blockchain department’s Liam DiGregoria commented on the efforts that Bartlett made in leading the way for marijuana to become normalized among the elected officials and as he noted for the latest cryptocurrency news reports:
‘’There’s a negative public perception that people in higher levels of office shouldn’t use (cannabis), let alone buy it.’’
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