Ripple surpassed $1 mark for the first time since 2013

In 4 years after its launch Ripple reached all time high of $1 for the first time after expanding its network to more than 100 financial companies
21 December 2017   1288

Ripple is one of the most famous cryptocurrencies in the world, which has almost always been in the list of top 5 cryptocurrencies, though having quite a low price, but being accessible for the users.

List of top cryptocurrencies ranked by market capitalizationList of the top cryptocurrencies ranked by market capitalization

During all 4 years since its creation the price of Ripple remained lower than $1, and on December 21 of 2017 it finally reached all time high of $1 for the first time. The highest price which Ripple has ever reached before was seen on May 17 of 2017 when it rose to $0,41.

Ripple Charts december 2017Ripple Charts

The reason for such an unexpected price jump is in the expansion of Ripple Network to more than 100 financial institutions. The organizations that partnered with Ripple include American Express, Credit Suisse, Santander Group, UBS, VISA, Bank of Ayudhya Public Company Limited, and at the same time, some institutions like the Australian Stock Exchange are experimenting with distributed ledger technology.

Moreover, next spring Japanese financial institutions will begin remittance experiments with Korean banks using the technology of Ripple.

Currently, the price of Ripple continues to rise, having increased 2,20% within 1 hour, which led to such numbers as 33% rise within past 24 hours and 72% rise during past 7 days.

At the moment of press, these are main market parameters of Ripple:

  • Average price: $1,05
  • Marketcap: $40 515 334 638
  • 24h volume: $2 476 380 000

Ledger Live to be Released

Ledger Live is a complex application that combines the functions of managing a hardware device and digital assets
10 July 2018   232

On Monday, July 9, the release of new software for hardware bitcoin wallets Ledger Nano S and Ledger Blue under the name Ledger Live with support for Windows, Mac and Linux operating systems.

According to the developers, Ledger Live is a complex application that combines the functions of managing a hardware device and digital assets. The new software has replaced many browser extensions based on Chromium.

Installing a new device and connecting an existing account to Ledger Live takes place as quickly as possible. Simultaneously, all crypto-currencies are now available in one account, which eliminates the need for users to use different applications for Bitcoin, Ethereum or Ripple.

It is noteworthy that the user interface provides data on the cost of all crypto assets in real time, and also displays the status of transactions.

The first version of Ledger Live does not support ERC-20 tokens, but the developers have already promised to add this option in the next releases.