‘IAMAI vs RBI’ case: RBI’s aims to justify banking ban legally, keeping crypto sentiment aside 

The Reserve Bank of India had restricted the banks from processing any cryptocurrency transactions, that caused inconvenience to many crypto holders in the country. Following this ban, many took to the legal route and filed a petition against this ban, which is being heard in the Supreme Court of India. Over the course of four […]
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Source: AMB Crypto

XRP price takes a hit as coin breaches out of descending triangle pattern in short term

Despite the boost in its price, XRP failed to hold the price above $0.30 and slipped back to its bearish price zone. Short term charts of the coin suggested a breach of bearish pattern, after which its price stood at $0.2791, at press time. 1-hour  XRP’s 1-hour chart revealed the formation of a descending triangle […]
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Bitcoin’s price may remain dormant before halving but research suggests coin to peak after

It’s no secret that Bitcoin halving is supposed to take place in 2020 and according to several experts, price is expected to rise right before the halving, as it happened before its first and second halving in 2012 and 2016, respectively. However, this might not be true. According to research by Strix Leviathan, there was “no […]
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R3’s partnership with Mastercard to introduce its blockchain-enabled cross-border payments solution

R3 has entered Ripple’s playing field as it announced a strategic partnership with Mastercard, a leading global payments and technology company. This strategic partnership between the two is piloting a new blockchain-enabled cross-border payments solution, something that Ripple provides not only to banks but also to other Financial Institutions. The cross-border payment solutions intend on […]
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Source: AMB Crypto

XRP community divided over price: Why the so-called fork may NOT be a viable solution

XRP community on Twitter distinguishes itself from the rest by the title bestowed upon it- ‘XRP army’; however, a troop from this army has shifted allegiance. Leading this faction is a Twitter user ‘Crypto Bitlord’, according to whom, he/she (they) act as the delegated spokesperson for a disenchanted and disillusioned camp. Bitlord’s first operation was […]
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Source: AMB Crypto

SBI VC announces Interim Shareholder Benefit campaign with XRP

Ripple’s efforts towards XRP adoption led to a partnership with SBI Holdings, which led the way to a joint venture “SBI Ripple Asia”, to promote the use of the Virtual currency in Asian markets. Under the said partnership, SBI announced Shareholder Benefits Campaign to grant them with 30 XRP, on August 28. An excerpt from […]
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Source: AMB Crypto

XRP’s rising tide likely to face hurdle with formation of descending triangle

The year 2019 has been rough for XRP solely because of its price. As the new year set in, XRP’s price consolidated mainly between the price range $0.2604 and $0.3834. After numerous tries, the third-largest coin broke out from the consolidating price range but eventually had to return after 56 days. Since then, the price […]
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Source: AMB Crypto

XRP surges by over 7% in an hour, as coin breaks out of bullish pattern

XRP has been at the mercy of the bears in the market and has shown only a minimal recovery after the August 14 fall. However, the coin’s price shot up in the short term and breached its immediate resistance. 4-hour  In the 4-hour chart of XRP, an ascending triangle was formed. After the massive fall […]
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Source: AMB Crypto

XRP’s chart indicates return of a bullish pattern. Could the price of the coin re-visit $0.76?

The XRP’s price might have taken a hit over the past few days falling the Bitcoin dump. The coin has been moving towards stabilizing its price, but with the bears in the market, the recovery has been difficult. The short term prediction point towards a fall and rise trend in XRP’s price, while the long […]
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Source: AMB Crypto

XRP’s price could slump further before breaching its immediate resistance at $0.27

XRP’s price saw a fall of 20.97% on August 14, and since then it has been trying to recover. XRP was subjected to high volatility of Bitcoin, but the short term predictions point towards a further fall of the third-largest cryptocurrency. Shorter Time Frame: 1-hour After the massive fall on August 14, the coin has […]
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Source: AMB Crypto

Bitcoin dump contributes to confusion about Plus Token’s foul play

Bitcoin [BTC], the largest cryptocurrency in the world in terms of market cap, has been falling consecutively for the past few days, causing a ruckus in the community. After the coin noted a fall of almost 14% over the week, Dovey Wan of Primitive Ventures suspected that Plus Token’s foul play may have caused the […]
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Source: AMB Crypto

Beaxy’s encounter with Partial Payments via XRP echoes JustCoin’s experience

Beaxy, a cryptocurrency exchange entered the competitive crypto market only in May 2019 and has been introduced to Partial Payment option on August 13, however through an XRP exploit. The Partial Payment being exploited has been recognized by the XRP ecosystem since 2014 when it claimed its first victim JustCoin. The JustCoin saga: JustCoin, a […]
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India’s SC talks DLT, crypto while counsel addresses RBI’s lack of jurisdiction in banning cryptocurrencies

The ‘Internet and Mobile Association of India vs RBI’ case hearing resumed on August 14 where the Supreme Court faced some strong arguments from the IAMAI counsel, Ashim Sood over Reserve Bank of India [RBI] overstepping its jurisdiction, as reported by Crypto Kanoon. In the previous hearing on August 8, the Council had argued that […]
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Ethereum releases Geth V1.9.2; lays groundwork for Istanbul hardfork

There have been multiple Ethereum Improvement Proposals [EIP] submitted for approval, but only a handful managed to get approved for its upcoming hardfork – Istanbul. A new set of updates were released by the devs for Geth called Blue Thessia [v1.9.2], a multipurpose command line tool running a full Ethereum node. It includes features for […]
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Source: AMB Crypto

My theory for why Roger Ver was trolled on Twitter… and deserved it

It was a regular day on Crypto Twitter- Justin Sun made an announcement, Bitcoin community was hoping for the price to shoot up, whales were trying to manipulate the market, and then I saw a tweet from Roger Ver, Bitcoin Cash proponent, that made me cringe and say “What?!!!”. Ver took to Twitter: “My theory […]
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Source: AMB Crypto