Google Removes Three Crypto Wallets From Play Store

The shocking news for the whole crypto world came today, September 13. Over the last 12 hours, Google has removed three major cryptocurrency wallets from Play Store without indicating the reason. Among the delisted wallets were, CoPay and BitPay.
Despite it is not clear yet, what exactly brought about such a surprising action, CEO Roger Ver blames Google’s new cryptocurrency mining policy, according to which crypto mining apps are no longer allowed on Play Store. The delisted wallets are not mining apps, but Ver believes it was some kind of misunderstanding:
“Google told us that it was because they no longer allow crypto currency mining apps. I have no idea how they came under the impression that our wallet is a mining app.”
Anyway, is the only wallet among the removed three, which was relisted in a few hours after the incident became known.
The BitPay team gave no comments about the possible reason of its app being surprisingly dismissed, which leaves the community in total uncertainty, whether is it still safe to keep their funds in this wallet.
According to a cached version of Google, BitPay has over 100,000 downloads on the app store and a significantly high level of customer satisfaction, averaging 4.5 stars.  So far there are no reports of hacks or security violations, so the wallet had a high number of users and a high level of confidence in its clients.
BitPay is famous for providing services that allow merchants and businesses that traditionally use fiat money to adopt cryptocurrencies. In comparison to other wallets, this one offers its users such features as the possibility of buying Amazon Giftcards, integration with Coinbase, a crypto-backed Visa Card for the United States, integration with Glidera, acquisition of gift cards from Mercado Livre Brazil and Shapeshift integration.
Many Bitcoin Cash users hold on to the point of view that the strange incident is a part of some kind of “conspiracy” of Bitcoin users agains Bitcoin Cash.
As it was noted in one of such comments:
“They aren’t attacking Bitcoin-BTC though, which speaks volumes to the fact that they already took control over that in 2013. Bitcoin-BCH is the last bastion of hope for global freedom, and if Bitcoin Cash fails, there is absolutely no hope for a free future for our grandchildren, and I fear future generations will look back at this period in history as the time we lost our freedom.”
Anyway, BitPay wallet continues working on all the other platforms without any changes, as well on the devices that have it installed.
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Why Should Argentina Buy Bitcoin to Leave its Crisis Behind?

Argentina has always been involved in cyclical economic crisis. Devaluations, defaults and and an immense public spending. This is why Michael J. Casey, chairman of CoinDesk’s advisory board, has proposed the Argentine government to overcome the latest crisis with a solution that partly includes Bitcoin.
Bitcoin to Solve Argentina’s Economic Problems
In an article published on September 10, Mr. Casey explains that Argentina tried many different economic solutions for its permanent economic chaos. According to him, there might be a solution to this situation embracing crypto-friendly approach on the matter.
Casey has been living in Argentina for over six years, in Buenos Aires. He mentioned the good things about living in this South American country, but he also highlights the main problems that the nation has. The main issues he marked were: broken civil institutions, corrupt governments, and a dysfunctional economy.
He says that the problem of Argentina is related with trust. Something that virtual currencies and blockchains solve using a decentralized approach.
If citizens do not trust their government, then they would also not trust their currency. This is the story of Argentina. And indeed, the country moved from being one of the richest in the 20th century to one in the middle of the list.
He asks about the future of Argentina:
“What if a digital currency that’s easily available for electronic, cross-border transactions became these people’s go-to means of storing wealth, rather than greenbacks stored in hidden safety deposits boxes that can’t be easily moved offshore?”
However, he was not the first thinking in this way. Wences Casares and Andreas Antonopoulos were already thinking about a crypto solution for these problems.
And indeed, Buenos Aires is now the second city with the most crypto-related projects in the world.
Moreover, Santiago Siri, a blockchain enthusiast and developer from Argentina, proposed Luis Caputo, President of Argentina’s Central Bank, to place up to one percent of its national reserves in bitcoin. It seems a modest idea but it could have very important effect.s
The solution proposed by Siri would add more diversity to the central bank’s reserves. Moreover, Siri suggest the government to start mining virtual currencies with its large nuclear power capacity in order to expand its reserves.
This shows that there is a meaningful interest in improving financial innovation in the country. Having 1% of the total reserves in Bitcoin could help the Central Bank experience an increased revenue in the future if foreign governments abandon their dollars during a global trade war.
As in the past neither orthodox nor heterodox measures worked in the country, this could be the best moment to try a new approach outside the mainstream. Perhaps Bitcoin.
Read More:

More than 50% of all Initial Coin Offerings (ICOs) fail to raise money
First Cryptocurrency Wallet Defender Debuts Thanks To BlockSafe
Argentina’s Economy: A Very Rare Economic Opportunity Inside The Chaos

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OKCoin Cryptocurrency Exchange Surges into 20 New US States

After a successful launch in California, the OKCoin cryptocurrency exchange is expanding into 20 new states.

The naysayers may still be painting doom and gloom pictures of the cryptocurrency industry, but acceptance and adoption are steadily growing. The latest example of this is the massive expansion of OKCoin, the Hong Kong-based cryptocurrency exchange, into 20 new states within the USA.
OKCoin Increasing Their Reach
The cryptocurrency exchange set up shop earlier this summer in California. The platform is now using that successful venture as the springboard to move into additional states.
The exchange announced that they had expanded their token-to-token trading activities to the following states: Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah, and Wisconsin.

Token-to-token trading is now live in 20 more states! OKCoin continues to work with local laws and regulators to ensure we operate a fully regulated exchange. #Exchange #Trading
— OKCoin (@OKCoin) September 12, 2018

OKCoin went out of their way to work with regulators to ensure their ability to operate within the different states. This is no small task as each state can have different criteria for approval. The exchange also notes that they are in full compliance with all state and federal laws. The exchange is applying for money transmittal licenses (MTL) for both token-to-token and fiat-to-token trading for those states that they are not currently allowed to operate in.
Of this new expansion across the United States, OKCoin CEO Tim Buyn says:
In order for the cryptocurrency market to reach its full potential, exchanges like OKCoin have to work with existing and new regulators for convertible virtual currency, digital goods, and/or securities. Our team has worked diligently within the complexities of the US regulatory frameworks. We’re excited to take this major step forward as we aim to break down the barriers preventing a truly global digital asset market while adhering to long established regulations.
Founder Being Questioned by Police
This new expansion is good news for the cryptocurrency exchange. However, its founder is currently facing scrutiny from law enforcement in China.
Xu Mingxing, the founder of OKCoin and OKEex, has been accused with fraud in regards to a little-known crypto project called WFEECoin. Xu is voluntarily cooperating with the police and maintains that he is not a shareholder of WFEECoin.

Police in Shanghai have opened up an investigation into the matter. Xu is not under arrest, but he may be in police custody for some time. It appears that the police investigation will continue until Xu can prove his claims of innocence.
The police investigation of Xu notwithstanding, this move by OKCoin into 20 additional states is a very positive development. It shows that state governments and exchanges are willing to work together, which only helps further the acceptance of cryptocurrency.
Do you live in one of the new states OKCoin can operate in? Let us know in the comments below.

Images courtesy of Shutterstock and Twitter/@OKCoin.
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More than 50% of all Initial Coin Offerings (ICOs) fail to raise money

Initial Coin Offerings are currently facing a very heavy reputation problem. The pump-and-dump schemes gained, which gained a lot of attention recently are only part of the problem. GreySpark Partners’s reseach on cryptocurrency growth shows some other shocking facts about Initial Coin Offerings. Nearly 50% of all Initial Coin Offerings in 2017 and 2018 failed to collect any funding at all. 40% managed to raise more than $1 million each.
The research studied ICO markets for the last few years and their finds are interesting to say the least. A shocking 890 token sales were unable to raise any funds, while 743 reached the 1$ million check point.
It’s noted in the research that a huge percentage of these token sales failed to provide any returns, especially as time goes on. The report used data from ICODATA and ICO-Check by August 2018.
There have been numerous discussions about the futures of Initial Coin Offerings. Many developers think that regulations and investors with better information gathering tools in combination with the current market situation, are responsible for the downward path of token sales. Others believe that scams and pump-and-dump schemes are the main reason for the bad state of ICOs.
The research focuses on more technical reasons and goes into detail on why the decline could be caused by a combination of all of the above. A serious lack of traction, scams, poor execution, unreliable marketing and rare product advancements. It’s not all bad because there is one market that seems to be upside: crypto-hedge funds.
The report states that as of September, a total of 146 firms have focused specifically on crypto and token projects only. This a huge increase despite the initial heavy drop in January 2018. In 2012 there were exactly 9 firms who were listed as crypto-hedge funds.
These crypto-hedge funds don’t come without a risk. On the contrary, they embrace it. Unlike traditional hedge funds, these crypto-hedge funds consist almost entirely of long positions with high risk. According to the analysis, they will continue to grow and it’s estimated that they will number between 160 and 180 until the end of the year.
Read more:

Coinstaker Initial Coin Offering List
Why are Initial Exchange Offerings less popular than ICOs
Yahoo Finance start trading Bitcoin, Ethereum and Litecoin

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AI Innovation Doesn’t Need to Wait for Quantum Computing

Artificial intelligence (AI) is one of the rapidly growing areas in the tech sector, but there are some significant barriers keeping the industry from truly expanding. Though interest and funding for AI has continued to grow at an impressive rate, the question of computational power still remains a bottleneck for the industry.
AI requires a lot of computational power. To give an idea of the power required, consider the Google DeepMind AI that beat Lee Sedol at Go, the world champion of the Chinese board game. To beat Sedol at his own game, the AlphaGo algorithm was run on multiple machines with its usage totaling 1,202 central processing units (CPUs) and 176 graphics processing units (GPUs).
That was for one game of Go. Now imagine the amount of power necessary for running even more complex and large scale AI practices across the globe; compute power is a major factor for the continued improvement of AI.
Fortunately, the future of AI processing and development is likely to benefit greatly with advances in quantum computing. Tristan Greene with The Next Web sees this advancement coming with quantum computers and says that:
“Once quantum computer surpasses the capabilities of supercomputers – a feat that’s nearly been accomplished – we’ll need methods for creating instructions and understanding the vast amount of data they produce. AI is perfectly suited for this, and according to experts it’s the next logical step.”
However, no one knows exactly when that time for quantum computing is going to come. Though quantum computing advances are promising and look to revolutionize the world of supercomputing and play an integral role in AI development, the technology simply isn’t there yet and the timeline is still unclear.
AI developers are then left figuring out how to handle the need for large amounts of computational power in the meantime without quantum computers. Does blockchain technology have the answer?
Blockchain Technology and the World of AI
While waiting for advancements in the world of quantum computing, another disruptive technology is providing solutions for the industry: blockchain technology. The same technology already known for making its way into nearly every facet of the tech industry is also coming to AI. Besides its basis as a mainstay in popular cryptocurrencies like Bitcoin, blockchain technology is also known for its ability to generate vast distributed networks of processing power.
For those cryptocurrencies relying on the Proof-of-Work (PoW) consensus mechanism like Bitcoin and Ethereum (for now, at least until more Ethereum news about Casper Protocol are published), there is a lot of processing power behind each currency.
While cryptocurrency users are mostly just sending transactions, there’s an entire industry running the underlying process for the network. Those transactions are all being verified by individuals, companies, and groups of people mining on the network to validate blocks and mine for new coins.
The average Bitcoin or Ethereum user may seldomly think about those handling the network maintenance, but there’s an enormous amount of power exerted by these mining operations. During the height of the cryptocurrency frenzy in 2017, it’s estimated that cryptocurrency miners bought a total of 3 million graphics processing units (GPUs). That is a lot of computational power (and electricity) going to the networks. But what about using some of that power for other outcomes?
Putting Spare Computational Power to Use
This is where blockchain technology is looking to help the AI industry while waiting on the eventual development of viable quantum computing. Because cryptocurrencies have generated these large distributed networks of computational power, some are working to convince miners to shift their efforts or put their spare power to use in other ways.
Andrew Fraser is the Co-Founder and CEO of Tatau, a blockchain-based startup working on solving some of the issues in the AI industry, and sees room for improvement. According to Mr. Fraser:
“Market demand for AI compute doubles every 3.5 months, but supply isn’t keeping up. Suppliers are using price as a lever to control usage, and these dynamics are holding back innovation.”
In response to the current bottleneck stifling innovation, one answer is in blockchain-based decentralized networks. Large networks of computers, mining operations, and spare GPUs are able to offer the compute power that AI developers need.
Tatau is creating a system that allows those with spare compute power to connect with people who need the compute power for specific tasks, all on the blockchain. In the network, users will be able to take advantage of a global network of hardware that can be leveraged to efficiently complete their task.
While the AI industry waits for quantum computing to advance and become more accessible, blockchain-based solutions in the processing world are going to help AI developers gain access to the compute power necessary to deliver the outcomes they need.
Blockchain is integral in this because of the advantages a decentralized network has over a centralized, corporate-owned processing network. Martyn Levy, another Co-Founder of Tatau, pointed out the benefits of decentralizations when talking with Investopedia:
“Decentralized solutions will have a sustainable advantage over AWS in the foreseeable future as AWS runs a cost + model and will not reduce prices significantly. This means that the decentralized players will always have a price advantage (which doesn’t require achieving an ROI on deployed hardware capital cost).”
Besides the needs from those working on AI, these same blockchain-based systems can be utilized in other areas of interest as well. 3D animation, video rendering, and more can all benefit greatly from decentralized cloud computing systems that offer users access to the outcomes they need.
Furthermore, decentralized cloud computing systems have a strong price advantage and produce the same results. Until quantum computing is viable on a large scale, the markets look to blockchain.
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Stellar (XLM) Price Analysis: Trends of September 13-19, 2018

Key Highlights:
Ranging within the channel may continue;
There is a possibility of an increase in price towards the Supply level at 0.24;
Traders should patient and watch out for the breakout.
XLM/USD Long-term Trend: Bearish
Supply levels: $0.21, $0.24, $0.30
Demand levels: $0.18, $0.17, $0.15

XLM/USD continues consolidating within the channel last week. The bears’ pressure was strong at the supply area of $0.24 with the formation of a large bearish engulfing candle. The price was pushed down to the demand level of $0.18. The bulls gradually lost momentum as the bears’ pressure increases and pushed the price below the 4-day EMA.
The coin is still trading within the supply level of $0.24 of the upper range and the demand level of $0.18 of the lower range. MACD indicator is below zero level with its signal lines pointing towards north. This indicates that the consolidation of the price within a range may continue temporarily this week. This does not rule out a possibility of an increase in price towards the supply level of 0.24.
A clear breakout and weekly close back below demand level of $0.18 would expose the price to the demand level of $0.17. The price may break out from the channel that will lead to decreases in the rates.
XLM/USD Price Medium-term Trend: Bearish

The Stella continued bearish in the medium-term outlook. It was ranging within the channel on the 4H chart last week. The bulls could not break the supply level of $0.21 as their momentum gradually fades. The bears’ strong pressure pushed price down to the demand level of $0.18 due to the formation of strong bearish candles in the medium term, which means that bears were in control. That does not mean that the price cannot move above the supply level of $0.24. As at present, the price is directed towards the north within the channel, the price will have to break the demand level of $0.18 for the continuation of a bearish movement and this will expose it to another demand level of $0.17.
The 4-day EMA is about to cross 50-day EMA upside, the price is above 4-day EMA which indicates the possibility of bullish movement. Traders should be patient before taking a position to allow for either a breakout to the upside for a long position or a breakdown to the downside for a short position.
Disclaimer: The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research. The charts for the analysis are provided by TradingView
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Paris Saint-Germain Hits the Back of the Blockchain Net with Collaboration

A major French football team, Paris Saint-Germain, is the latest club to embrace blockchain technology by entering into a partnership with

When we’re looking to try out a new product or service, we sometimes rely on the experience of others to make our decision. However, once success is evident, more and more people or businesses tend to adopt that new service. This definitely seems to be the case for football and blockchain technology.
Once only viewed as the technology that supports cryptocurrencies, blockchain has branched out and is being integrated into a range of industries. Virtual currencies aren’t getting left behind though. The social investment platform, eToro, has entered into partnerships with seven English Premier League teams, and crypto was even used to purchase a stake in an Italian club. Now it’s the turn of the mega French club, Paris Saint-Germain (PSG).

Another Goal Scored for Blockchain
According to Medium, PSG will be collaborating with blockchain-based The latter will allow members to purchase football club-branded tokens which can subsequently be used to vote on certain club decisions and for rewards and fan-based experiences.
By using blockchain technology, PSG’s “Official Branded Cryptocurrency Partner” will help the club get closer to their fans. The Chief Partnerships Officer of Paris Saint Germain, Marc Armstrong, explained:
Always at the forefront of digital innovation, Paris Saint-Germain is determined to leverage the opportunities that cryptocurrency can provide. This revolutionary technology will have an important impact on the Club’s overall business strategy and the way we engage with our fanbase. We are very pleased to welcome to the Paris Saint-Germain family.

A Mutually Beneficial Partnership
PSG won’t be the only ones to benefit though. will enjoy marketing rights and exposure both in stadiums and on the TV screen. The founder and CEO of, Alexandre Dreyfus, expressed his excitement at the new venture, saying:
We are delighted and very proud to have signed Paris Saint-Germain as our first club to work on the evolution of its fan engagement strategy through the blockchain platform. As well as being a leader on the football pitch, Paris Saint-Germain is also a digital pioneer and this demonstrates its leadership in innovation. We admire the Club’s vision in being the first club in world football to adopt this new technology and set a new standard in fan engagement.
The multi-year partnership is the first of its kind in the football industry, with PSG also being the first club to sign with However, if successful, it stands to reason that more clubs will join as a big part of any sport is fan engagement. If this is the case, it will be interesting to see if the next team is just as big, if not bigger, than PSG.
Who would you like to see sign up with Let us know in the comments below!

Images courtesy of Shutterstock.
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“Bitcoin Will Come Back in 2019,” Says BitPay CCO

Despite the skyrocketing growth that the crypto market experienced in 2017, this year its future doesn’t look so promising as it seemed last year. But is it really so?
Though in December 2017, Bitcoin was traded for over $19,000, now, according to CoinMarketCap, its price is nearly$6,480. Similar changes have happened to other top coins like Ethereum and XRP. But while this year Bitcoin has lost approximately 60% of its value, the losses of Ethereum and Ripple are more serious. They have lost 86% and 92% respectively.
In such market conditions, some industry’s experts continue supporting Bitcoin but have some doubts about the future of altcoins and the ICO market and predict that a great part of institutional investors that are expected to enter the industry will choose Bitcoin for making their investments.
Speaking to journalists, Sonny Singh, the chief commercial officer of BitPay that is U.S.-based bitcoin payment service provider, expressed his view on the potential changes in the cryptocurrency market. According to him, at the current moment, it is not clear whether the market has reached a bottom. He said:
“Right now the market is looking for some defining moment — a catalyst. Right now you’re hearing a lot of rumors. But next year you’ll see the talk of the big entrants become real — Goldman Sachs launching a trading desk, Fidelity does launch a bitcoin product, Square offers bitcoin processing for merchants, BlackRock offers an ETF. When these things start to happen you’ll see some adoption and then the price will bounce up again.”
The Bitcoin and wider crypto market is very vulnerable to external influence. This year, a lot of changes have happened due to uncertainty in regulation. The community is still waiting for the decision of the U.S. regulator about creation of Bitcoin ETFs which would enable traders and investors to buy into digital coins without dealing with specialized exchanges.
Though experts have different thoughts about the advantages and disadvantages of ETFs, it is believed that Bitcoin price will go up in November, when ICE, the parent company of the New York Stock Exchange, will launch its Bitcoin ETF.
Commenting the major cryptocurrency, Bitcoin, Sonny Singh stated:
“When you see the bitcoin price drop, people have stopped trading ICOs as much as they were. The ICO market is in a lot of trouble and will never get back to where they were eight months ago. At BitPay, we’ve never been more bullish [on bitcoin]. Where the issue is, is the altcoins. Those will never come back, the way bitcoin will come back. Bitcoin will re-bound next year.”
“You’re not seeing the likes of BlackRock launching an altcoin product. Bitcoin’s the leader in the space,” added he.
But Singh is not the only person who believes in the power of Bitcoin. John McAfee has reaffirmed his position about Bitcoin. He still believes that it is the number 1 cryptocurrency for processing transactions in the ecosystem.
McAfee predicts that Bitcoin price would be close to a million dollars by the end 2020 and encourages to HODL, explaining that “there is no such thing as a wealthy short-term investor”.
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ASQ Protocol is Bringing Cross-Platform Sharing to Crypto

At the beginning of 2018, the Global Digital suite of reports from We Are Social and Hootsuite revealed that there are now more than 4 billion people around the world using the internet to communicate and share information that they care about.
The report concludes that Africa has seen the fastest growth rates in internet usage. The number of people using the internet has witnessed a year-on-year growth of over 20% for the past few years
Why Centralization is Such a Big Issue
The major issue with the internet today is that most of the content that we consume is being delivered to us by large commercial platforms with their own agendas.
These platforms control who sees the content, who gets paid for the content, and how much they will get paid. This leads to lots of manipulation and censorship of content, and the rewards given to content creators – who, more often than not, are the lifeblood of these platforms – are either limited or nonexistent.
As a result, content creators often find it very difficult to find an audience who will appreciate their content. Meanwhile, consumers are struggling to find the kind of content they are looking for.
Unfortunately, these platforms are the only option for many people – especially those who have yet to establish a major audience. As it stands, getting noticed outside of these platforms is extremely difficult, and monetization is almost impossible in many cases.
As a result, many talented content creators are giving up altogether.
Why a Decentralized Content Economy Could Be the Solution
A decentralized content economy would solve many of the problems currently faced by content creators and consumers alike.
For starters, consumers would be able to access whatever content they want to see and reward those who created it. They’d also be given the option to pay extra for bespoke content from these creators.
Meanwhile, the content creators would be able the opportunity to choose how they’d like to benefit for what they produce, instead of the current ‘one-size-fits-all’ model that the vast majority of content platforms are currently using.
The ultimate goal of such a decentralized economy is to create a natural, transparent, and secure means of creating, discovering, and engaging with content.
However, it’s not just the platform users that could benefit from such a model – there are also many notable advantages for commercial entities and the platforms themselves.
For instance, commercial entities would have a brand new way of getting their content in front of the users who want to see it most, and the users would be directly rewarded for engaging with it.
Finally, the platforms would be able to extract value from facilitating these rewarded transactions. Having multiple platforms for consumers to choose from would foster healthy competition between these platforms, and provide content creators and consumers with a wider number of options to choose from, depending on their needs.
How ASQ Protocol is Making Cross-Platform Sharing a Reality
ASQ Protocol is a decentralized content economy that aims to bring these concepts to reality. By rewarding participants in an open, transparent way, the platform aims to empower a brand new generation of quality content.
The ASQ Protocol platform will feature a number of different partner platforms – each of which will add another unique level of value to both the ecosystem and the content creators themselves, by introducing their content to a brand new audience, and providing a brand new, transparent monetization source.
For instance, a user can upload something on a single platform and choose for it to be shared throughout the entire platform ecosystem. For content creators, this results in much higher potential compensation for their work.
All ecosystem participants will be rewarded for their contributions in the form of ASQ utility tokens. With every new platform that joins the content revolution, the ecosystem will get bigger and better.
Ultimately, the end user will get better, more diverse content from multiple platforms, whilst the content creators will receive their fair share of the reward in a secure, unbiased manner.
The Future of Content Sharing
The process of content sharing is changing rapidly. Both consumers and content creators already have wildly different expectations than they did this time last year.
Platforms like Steemit and even the Medium Partner Program are a stepping stone. However, these platforms are largely limited by both a narrow audience base and thematic.
A platform where users have more control over their content and are granted the ability to share it across multiple platforms to grow their audience, could be just what we’ve been waiting for to shake up the content creation industry.
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XRP Cash Price & Technical Analysis: XRP Gets Chances to Rise

On Thu Sep 13, XRP is growing moderately, trading at 0.2712. The recovery continues after a long-term descending trend, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
XRP is now above two bearish trendlines, namely 0.2600 and 0.2690, and while the price is there, odds are that it is not going to continue falling. The rising potential is limited as well, though, as there is a strong resistance at 0.2750, and two others at 0.2800 and 2900.
XRP price is now above the 100-hour SMA, which is good for the bulls, although they will have to face some other technical levels beyond.
0.2650 is the key support now, while the resistance is around 0.2800. The MACD on D1 is still moving into the negative area, issuing a sell signal. The Stochastic is recovering in the positive area and, conversely, gives a buy signal.
The fundamentals are currently mixed for Ripple. Among the recent positive news, there’s information that the trial between Ripple and R3 ended, although the details are unknown. The legal action started last fall, as R3 filed a complaint against Ripple’s running a large token transaction. Ripple replied with accusations of the multiple agreement breach.
Ripple then managed to unite a few legal cases under a single one, proving they were all about the same thing. This reduced the risk level for the investors and also reduced the costs.
Another news is about Ripple’s planning to promote its overseas payment method, especially in China. Jeremy Light, Ripple Labs Executive Director, says the Chinese market is strategically important for the company. However, Ripple did not achieve a lot yet: the company partnered with LianLian in summer, but then no significant news followed. The demand in this market is huge, but the point is that ICO’s are banned in China, which complicates matters in terms of working with the TA.
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