Ripple and Coinbase dominate the crypto rumour mill

Crypto news: Monero price surges and Winklevoss twins predict greater institutional interest
By Eddie Taylor
Mon 05 Mar 2018 08:38 AM

This is gearing up to be another landmark week for Ripple.

Later on Monday, it is reported that the first 90 of the 500 new personnel hired by Coinbase – the world’s biggest cryptocurrency exchange with 14 million users – will begin work, which is one of the signs that it is readying to reply Ripple.

That interpretation gained momentum with the news that Ripple CEO Brad Garlinghouse and Coinbase COO Asiff Hirji will make a joint appearance on the CNBC show Fast Money on Tuesday.

Ripple’s presence on Coinbase has long been rumoured and the news that looks increasingly likely has boosted Ripple’s price on Monday morning – crossing the $1 mark for the first time since February 21.

It is hoped that it will signal a long awaited bull run for the token, which has declined from all-time highs of $3.34 in the first week of January.

Monero price surges on fork news

Monero is approaching its all-time highs in the build-up to the launch of MoneroV, which launches on March 14. The new coin promises totally anonymous, decentralised trading and greater scalability, and every holder of a Monero token will automatically get ten of the new coins – which helped the price of Monero increase by 33 percent over the weekend to $366. Unlike Monero, there will be a limited supply of MoneroV coins.

Winkelvoss twins predict major institutional investment in cryptos

Speaking at a launch and talk for Michael J Casey and Paul Vignabook’s new book, The Truth Machine: The Blockchain and the Future of Everything, Tyler and Cameron Winklevoss predicted that 2018 will see the large-scale adoption and use of cryptocurrencies by Wall Street and the major financial institutions.

It will be, in their words, “a tsunami of interest” as the use of blockchain becomes more prevalent – especially in the ability to tokenise assets such as commodities.

The pair also said that their own exchange, Gemini, will be adding more “menu options” – or alt-coins – to its portfolio, which currently enables purchases of Ethereal and Bitcoin.

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Last Updated: Mon 05 Mar 2018 08:15 AM GST

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