Investors Selling Ripple XRP Based On Conspiracy Theorists

A popular crypto investor says he’s considering ditching the XRP community due to the proliferation of “crazy conspiracy theories.”

The anonymous XRP analyst known as King Solomon says on Twitter that his research may be better off elsewhere.

“I might have to leave this community on the basis of content provision reality. Research may be better suited elsewhere. So much conspiracy in this community. I’m getting frustrated… this is about the mindset in general.”

King Solomon’s tweet received hundreds of responses, with many agreeing with his sentiment. Others, however, say some degree of conspiracy is to be expected when it comes to financial technology. Says a Twitter user,

“I appreciate the sentiment of what you are saying. However, I would argue the inescapable truth is that when we discuss a global financial reset, or an upgrade in financial systems, we will forever be correlating the financial elite’s goals, alongside the technology itself.”

The XRP community has circulated numerous theories about the asset and Ripple for years. One popular theory is that XRP is destined to skyrocket to $589, compared to its current value of about $0.25 at time of writing.

Such an appreciation would balloon the market cap of XRP to $58.9 trillion, while the size of the entire world’s economy was $133 trillion in 2019, according to the World Bank.

Despite his dissatisfaction with certain elements of the community, King Solomon appears to still believe in XRP’s value.

“I know where this space ends up. I know what digital assets represent. I know Ripple’s tie ins to the system are real. I know XRP [has] utility. I know what Internet of Value represents. I’ve seen the scramble of Gov’s/FI’s to remain relevant/I know they can’t do it alone.

When Not If.”

Malaysia-based company IBF Net said it is seeking to implement blockchain technology in Islamic charities. According to a press release on its blog, blockchain technology will enhance the confidence of existing donors. It will also encourage new donors to give their zakat, a payment made under Islamic law for charitable giving, and sadaqah, or voluntary charity. The product, called RecurPay, will be on the Tezos platform and facilitate recurring and automatic small payments. IBF Net said blockchain technology would create a framework that will allow the donor to ensure that their payments, whether it is zakat, sadaqah, or cash endowments, reach the beneficiaries. If they have donations for a large project that is being implemented in stages, the donor can see the effect of their contribution on specific steps. According to IBF Net CEO Mohammed Alim, the implementation of blockchain technology will bring many advantages to Islamic charity, for example, enhanced transparency, reduced cost of intermediation, and an enhanced donor base like crypto-donors. The company clarified that the application of blockchain would not be limited to charitable works only. Later on, RecurPay may be applied in electronic commerce. The crypto world has been looking at charities for some time. As the COVID-19 pandemic goes on, crypto firms began giving or setting up charities to raise money for frontline workers. The charity Give.org also launched a blockchain platform focused on privacy to facilitate donations.

All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/a-malaysian-company-is-developing-a-blockchain-based-app-for-charities

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SBI Holdings, Japanese financial giant and a major blockchain-focused institution , is reportedly planning to set up a blockchain-based digital stock exchange. Yoshitaka Kitao, president and CEO at SBI Holdings, announced the company’s plans to collaborate with Osaka Prefecture to establish a new global financial hub. The new international financial center is will purportedly be located in Osaka and Kobe, Nikkei reports on Sept. 2. SBI is planning to launch a digital stock exchange based on blockchain technology. The exchange is expected to attract global fintech companies and contribute to the development of the financial hub. Kitao emphasized that the establishment of the Osaka financial hub is the “last chance” for the city to “gain the status of an international financial center.”The executive also said it is necessary to create new financial hubs in Japan, arguing that focusing just on Tokyo brings significant risks. Kitao said that SBI is ready to take the lead in establishing Osaka and Kobe as a new global financial center. SBI Holdings has established itself as a major company embracing blockchain technology as well as crypto-related developments. SBI is known as a key partner of blockchain firm Ripple , which is building products on top of XRP, the fourth-largest cryptocurrency by market capitalization. The companies have been collaborating on multiple XRP-related projects in Asia since 2016. On Aug. 31, SBI’s foreign exchange arm officially launched CFD trading for cryptocurrencies like Bitcoin ( BTC ), Ether ( ETH ) and XRP .

All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/sbi-holdings-to-set-up-blockchain-based-digital-stock-exchange-in-osaka

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Full credits for this video to NewsBTC who listed the info in this video on an article on their website:
https://www.newsbtc.com/?s=Analyst%3A%20Based%20on%20Historical%20Data%2C%20Bitcoin%E2%80%99s%20Next%20Market%20Cycle%20Could%20Send%20it%20Towards%20%2478%2C500

——–

Crypto tags:

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——–

Transcript:

0:00:00 Analyst: Based on Historical Data, Bitcoin’s Next Market Cycle Could Send it Towards $78,500

0:00:07 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:14 Despite facing some selling pressure today, Bitcoin and the entire crypto markets are currently in a firm uptrend that have sent BTC surging to fresh year-to-date highs in a matter of mere weeks.

0:00:24 This upwards trend has all the makings of the early stages of a bull market, and many analysts believe that the crypto has significantly further gains ahead of it.

0:00:33 While looking towards Bitcoin’s historical trend data, it becomes apparent that it may incur significant gains in the course of its next uptrend, which may allow it to surge as high as $78,500 in the coming years.

0:00:45 At the time of writing Bitcoin is trading up just under 2% at its current price of $7,870 and is down slightly from its 24-hour highs of nearly $8,300.

0:00:57 Although Bitcoin’s swift move into the $8,000 region made many traders and analysts believe that a move towards $10,000 was imminent, its inability to maintain stability in this price region may signal that further consolidation is necessary before BTC continues its upwards movement and nears the important psychological level of $10,000.

0:01:17 Moon Overlord, a popular cryptocurrency analyst on Twitter, recently shared his thoughts on BTC in a recent tweet, noting that a downwards break of the parabola that BTC has formed could lead to a retrace to price levels as low as $5,800.

0:01:32 “$BTC 3D This is complete insanity at this point, but it is what it is.

0:01:38 The parabola is about to bend backwards and break space and time.

0:01:42 Redrawing targets higher, $8,200+ and nearly $10,000 after that… If the parabola breaks down bids at 5800-6400,” he said in a thread of tweets from yesterday.

0:01:55 Thanks for checking out this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

——–

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In this video I discuss an article from coingeek.com that details how LG is trialing blockchain based AI payment software.

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In this video I discuss an article from coindesk.com that details West Virginia deciding to ditch a blockchain based voting app by Voatz.

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https://www.coindesk.com/west-virginia-ditches-blockchain-voting-app-provider-voatz
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Recent years have witnessed a paradigm shift in storage of Electronic Health Records (EHRs) on mobile cloud environments where mobile devices are integrated with cloud computing to facilitate medical data exchanges among patients and healthcare providers. This advanced model enables healthcare services with low operational cost, high flexibility and EHRs availability. However, this new paradigm also raises concerns about data privacy and network security for e-health systems. How to reliably share EHRs among mobile users while guaranteeing high security levels in mobile cloud is a challenging issue. In this paper, we propose a novel EHRs sharing framework that combines blockchain and the decentralized interplanetary file system (IPFS) on a mobile cloud platform. Particularly, we design a trustworthy access control mechanism using smart contracts to achieve secure EHRs sharing among different patients and medical providers. We present a prototype implementation using Ethereum blockchain in a real data sharing scenario on a mobile app with Amazon cloud computing. Empirical results show that our proposal provides an effective solution for reliable data exchanges on mobile clouds while preserving sensitive health information against potential threats. The system evaluation and security analysis also demonstrate performance improvements in lightweight access control design, minimum network latency with high security and data privacy levels, compared to existing data sharing models.

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