21st Money Newsletter: Legit Cryptocurrency News & Analysis?
21st Money has released its newsletter with the latest news, analysis and charts.
The first section is related to cryptocurrency news. In the latest edition they talked about Ripple and the xRapid product that they are developing. They informed that one of the companies testing the system is American Express.
The intention for XRP is to become a standard for payments around the world in different industries. American Express is giving acceptance to XRP, something very important if it wants to keep expanding worldwide.
The xRapid payment system is currently 60% cheaper than the current system known as SWIFT.
At the moment, XRP is the third most important virtual currency in the market and has a market capitalization of $13 billion dollars.
The second section in the newsletter is the forex one. At the moment, Venezuela is moving towards a new economy. The government is trying to adopt its virtual currency, the Petro, in many different sectors of the economy.
Venezuela decided to issue a virtual currency to avoid international sanctions imposed by the United States and other countries.
Moreover, virtual currencies in the country are spreading. Due to the fact that citizens do not have a way to save and its currency registered an inflation of 1 million percent, the best option is to use cryptocurrencies.
At the moment, the Petro is being examined and studied by different governments and companies. It is a good experiment that will have an impact in the financial and monetary world.
After the Forex section, 21st Money’s newsletter keeps with cryptocurrency futures. In the latest version, they wrote that analysts believe that the next bull run in virtual currencies will be pushed by the mass adoption of blockchain technology.
In other news, Malta passed three bills that aim to regulate digital assets. We are talking about The Innovative Technology Agreements and Services Bill, The Virtual Financial Assets Bill, and The Malta Digital Innovation Authority. These pave the way for blockchain technology to be regulated in the island.
The next section is related to Cryptocurrency Stocks. 21st Money has been following very closely the topic and informs that IBM is one of the most active companies in the blockchain market.
After 20 consecutive quarters of negative growth, the company has begun its recovery after two solid quarters with continue revenue growth.
Right now, the company is engaged in more than 400 different blockchain projects with many companies such as Nestle, Visa and HSBC. In the near future, IBM wants to introduce a blockchain based advertising software.
IB; stock is currently trading close to $145 dollars.
In another section, the newsletter shows the most important winners in the cryptocurrency market during the week. In this edition, we see that TaTaTu (TTU) is the best performing currency with an increase of 51% and a price of $0.74 dollars per coin. The second best performing crypto was Dent, registering 39% gains and a price of $0.002 dollars.
Moreover, the cryptocurrency chart of the week presented by 21st money was the one displaying TaTaTu’s price.
The last two sections of the newsletter are related to upcoming ICOs and events. The next ICOs are Cryptov8 (CRV8), Deliverers power Token (DPT), MDL Talent Hub (MDL), Sudan Gold Coin (SGC), and Vertix (VRX) among others.