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Ripple hires Bloomberg TV’s Cory Johnson as Chief Market Strategist

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Ripple, the payments start-up that holds billions of dollars worth of digital currency XRP, has hired a chief market strategist to tell its complex story to investors.

Bloomberg Television’s Cory Johnson confirmed to CNBC that he left the news network this week and started at Ripple on Thursday. A former hedge fund manager, Johnson spent eight years at Bloomberg, primarily covering technology on TV and for Bloomberg Radio.

He joins Ripple during a volatile period for the six-year-old company. Ripple is the majority owner of XRP, a digital asset along the lines of bitcoin and ethereum. While the company’s holdings are currently worth an astonishing $49 billion, the price of XRP has fluctuated wildly this year, reaching a high of $3.84 in January before falling all the way to 83 cents on Thursday.

 Ripple’s challenge is to simultaneously build a business selling blockchain-based payments software to financial institutions, while also promoting the use of XRP, which remains a nascent currency. Critics of Ripple claim that its value as a company is built on a digital asset that’s yet to show much utility and has attracted investor money because of the mad rush into cryptocurrencies.

Ripple CEO Brad Garlinghouse has heard it all and has frequently spoken of the “FUD” (fear, uncertainty, and doubt) surrounding the company and the currency. It will be Johnson’s job to make it all a little less confusing.

“The role of Ripple as a company and XRP as a currency in financial markets, to regulators, financial institutions and investors could use more explaining,” Johnson said. “I’m going to try and explain, listen and set strategies to make it easy for Wall Street and the world of finance to understand what we’re doing.”

Johnson, who has spent 20 years in the Bay Area and worked at numerous news organizations, including as a correspondent for CNBC, will be working closely with Ripple’s CFO Ron Will.

He’s joining a start-up that’s in a unique cash position. Every month Ripple is selling a tiny fraction of the 55 billion XRP that it put into an escrow account. Those small sales brought in $91.6 million in the fourth quarter of 2017, the company said in January.

Johnson declined to say if he’s receiving any XRP as part of his compensation. He did say that he’s looking forward to the challenge of educating the market on a new way of sending money for a banking industry that is notoriously slow to embrace change.

XRP has started to gain some adoption of late. MoneyGram announced earlier this year that it’s testing Ripple’s xRapid technology and XRP currency for cross-border payments, and shortly after that Ripple said IDC Corporation and Mercury FX will use xRapid “to settle remittances and corporate transactions quickly.”

It’s still early, and XRP needs far more traction to justify its market price.

“There’s this thing that the company doesn’t really control that needs to flourish for the company to flourish,” Johnson said. “It’s a really interesting symbiotic relationship.”

Johnson said he’ll be splitting his time between San Francisco and New York. He’s only been at the company for a few hours but already had one observation about his new co-workers: “These people move a thousand miles a minute around the globe like their pants are on fire.”

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It’s Official: Circle Adds EOS, Stellar, 0x and Qtum To Its Asset List

In the latest cryptocurrency news, the crypto giant Circle announced the addition of four new digital assets (altcoins) into the Circle Invest platform. With this, it brought the total number of listed cryptocurrencies to 11.As Circle officially announced in a blog post, the new additions include EOS, Stellar, 0x and Qtum, On top of this, the giant revealed that the four assets can be purchased through the Circle Invest platform either in an individual way or as part of a basket through the "Buy the Market" retail portfolio investment feature.According to the blog post, the four crypto assets are chosen for listing based on their suitability which was determined by the Circle Asset Framework. Each asset will be evaluated based on its own strengths, and under no circumstances are any fees to aid listing. This will help to ensure the integrity of the process and gives its customers confidence that only the best assets are listed on the Circle platform.While many are asking themselves why these altcoins were specifically chosen for the listing, the blog post mentiones that EOS promises to improve on the Ethereum framework, Stellar offers a low cost and high-speed payments solution, 0x creates a peer-to-peer crypto trading framework while Qtum offers users the best of both Bitcoin and Ethereum.The four new assets follow the previous addition of two altcoins, Zcash and Monero, which Circle listed in May this year. 
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What Made The Price Of Ripple (XRP) To Rise Up To 100% In A Week?

Ripple was in almost every post in past week's crypto news, mostly because of its meteoric rise which pushed the cryptocurrency up 100% in only a week. The supernormal rally even put Ripple to the second position, overcoming Ethereum and its silver spot for a matter of hours.If we take in the numbers between the minimum and maximum price of Ripple, the difference is around $19.8 billion - showing that Ripple surged by 184% before the price got corrected. However, the market cap of Ripple went above the market cap of Ethereum and XRP was for a short time the new silver to Bitcoin's gold.However, the main question that everyone has right now is the following...How the altcoin Ripple (XRP) managed to double its price in less than a week?The first factor is obviously the launch of the xRapid solution, which came after long anticipation and was meant for a commercial launch as soon as next month. The payment service allows financial institutions to use the XRP tokens for conducting cross-border transactions.The second factor was the announcement from Coil and PNC. According to it, XRP has linked with the biggest names in the online world such as Wikipedia, Twitch, YouTube and other, with an aim to reward their users directly in XRP.The final factor, according to us, was the fear of missing out (FOMO) which catapulted Ripple's price - solely because everyone believed that 'now is the right time to invest in XRP'. This is what finalized the bullish transformation and pushed Ripple up. 
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Bitcoin (BTC) Price Moves Closer To $7,000, Stellar (XLM) With A New Meteoric Rise

In the Sunday edition of our cryptocurrency expert analysis right here on DC Forecasts, we are seeing a lot of green on the crypto market, which is perfect considering the negative movement last week.Today, the altcoin which is in the spotlight is Stellar (XLM), which skyrocketed by 25% and reached a price of $0.297, securing the fifth position on the largest cryptocurrencies by market cap.Bitcoin, on the other hand, has established a short-term bullish trend for its continuous, yet slow rise over the past few days. The biggest cryptocurrency by market cap is now trading at $6,757 with no signs of stopping the slow-yet-bullish momentum.Among other altcoins which surged over the past few days are Ethereum, Ripple, Bitcoin Cash, Litecoin and Cardano - all of which rising in terms of their value.From the $6,110 support area which was initiated last week, Bitcoin is now with around $700 in the green, trading higher and breaking new margins every new day. However, a change of this scenario is still realistic, considering the low market volatility over the past month. 
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Wikipedia, Twitch And YouTube Now Award Ripple (XRP) To Their Content Creators

There has never been a better time to be alive for content creators. In the latest news, we have such creators all around the Web, and apparently the latest cryptocurrency news also goes in their favor.From now on, content creators will be able to accept payments in Ripple (XRP), which is one of the 'top 5' altcoins. This decision has been made after Coil, which is the brainchild of the former CTO of Ripple Labs, Stefan Thomas, has launched the beta version of his browser extension app of the same name which allows users to tip content creators with XRP tokens.In fact, the concept of this transferring and token award system is arguably borrowed from Changetip, which is a now-defunct Bitcoin tipping app. With it, Coil has somewhat established its advancement by becoming an alternative to today's web full of ads.According to Thomas:
“For decades, people have discussed the potential of micropayments to support content creators that would move us away from the broken ad-supported web. Others have created subscription services that bundle content. But micropayments and subscriptions have always been built as closed systems, which fail to capture the huge variety of content on the web.”
Coil is also the first when it comes to paying out websites using Web Monetization, which is an Interledger-powered standard that enables browsers to pay websites. In that manner, Coil will now be compatible with some of the greatest online platforms such as YouTube, Wikipedia, Twitch, Internet Archive and Beat, with many other names to follow in the future.
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