Ripple's daily volume tops $2.3 billion

Ripple's XRP Price Climbs 40% and its daily volume tops $2.3 billion 
24 August 2017   5365

It has been reported recently that the price of XRP is up more than 40%, according to the data provided by coinmarketcap.com. Thus, XRP was trading between $0.23 and $0.24. 

Now, Ripple's XRP not only price climbs 40%, but also increases its daily volume, which now is more than $2 billion.

Ripple XRP charts on coinmarketcap.com Ripple XRP charts on coinmarketcap.com

On august 22nd, Ripple's trading volume soared to $1.45 billion, shattering its previous all-time high. Yesterday, it increased further with 24-hour volume topping out at $2.3 billion at about 12:15 UTC.

It is believed, that such a surge has something to do with the rumours about Korean market showing interest in the cryptocurrency. Notably, the same thing goes to Monero and Ethereum Classic, that have also earned profit from the situation.   

The gossips about a mysterious Ripple's partnership with Asia have begun on the company's social media. Thus, it is believed that Ripple is about to announce a major partnership with a bank or corporation, most likely in Asia. The rumours are based on the fact that Ripple’s Twitter page has been teasing out an announcement about their upcoming conference with a multi-day countdown. Some Twitter users noticed that a geometric resemblance between the shape in the tweet and the Korean subcontinent.

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   54

The fourth largest state bank, the Bank of China, has issued two-year blockchain bonds for small businesses totaling $ 2.8 billion.

To issue digital certificates, Bank of China used its own blockchain system.

It is also the first blockchain-based bond issue accounting system in the country.
 

Bank of China

Securities will go on sale with an interest rate of 3.25% per annum.

Thus, the bank hopes to raise funds to support small businesses in the country. As of September, as part of this initiative, the bank provided loans to small and micro enterprises for a total of $ 57.7 billion.