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Ripple Adds Japan’s Major University to Its UBRI Project, Now It Runs XRPL Validator

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  • Yuri Molchan
    📰 News

    Ripple has added another institution to its UBRI project and placed the second XRPL validator in Japan in it

Ripple Adds Japan’s Major University to Its UBRI Project, Now It Runs XRPL Validator
Cover image via www.yunphoto.net
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Ripple’s Blockchain Research Initiative for universities (UBRI) is about helping educational institutions and their students with technical innovations and development, conducting research and funding when necessary.

Now, the word has been spread that the University of Tokyo has joined Ripple’s UBRI.

XRP Ledger validator in The University of Tokyo

The cryptocurrency giant has thirty universities which act as the company’s partners here. Those include academic institutions in the US, Europe, Singapore, Japan, etc. Now, Ripple has added the second Japanese academic institution to this list – the University of Tokyo. What is more, this place now runs the second XRPL validator in Japan.

University of Tokyo Ripple
Image by ubri.ripple.com

The news about the XRPL validator has been shared by Ripple’s Emi Yoshikawa on her official Twitter page.

From now on, the university is going to take part in validating all transactions happening on the XRP Ledger and prevent double spending.

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Ripple allows depositing USD to Bitstamp

As reported by U.Today recently, Ripple-backed FlashFX payments company that uses ODL (On-Demand Liquidity) has set up an ODL corridor directly to the major Bitstamp exchange and enabled its users to directly deposit USD to Bitstamp using XRP.

The major player on the ODL field is so far the MoneyGram giant, which uses ODL and XRP for sending USD to Mexico and coverting them into the local pesos. During the Swell conference that took place in Singapore in the early days of November, a MoneyGram rep said that currently 10 percent of all transactions between the US and Mexico arranged by MoneyGram is done via ODL.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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BTC, LTC, XTZ, TRX Price Prediction - Can Bulls Fix the Ongoing Growth?

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  • Denys Serhiichuk
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    Has the bearish trend finally come to the end?

BTC, LTC, XTZ, TRX Price Prediction - Can Bulls Fix the Ongoing Growth?
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The bears are continuing to apply pressure on the main cryptocurrencies. However, the altcoins are testing their support levels. If the bulls manage to maintain these levels, then one should expect a good rebound ticking upwards.

Top 10 coins by Coinstats

Below is key information for Bitcoin (BTC), Litecoin (LTC), TRON (TRX), and Tezos (XTZ):

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$136,870,530,589

$7,566.87

$17,335,699,425

2.67%

Litecoin

LTC

$2,935,607,698

$46.02

$2,553,535,223

3.02%

TRON

TRX

$981,336,616

$0.014717

$970,524,056

0.18%

Tezos

XTZ

$926,823,387

$1.40

$50,581,767

8.84%

BTC/USD 

Yesterday's symmetrical triangle was broken up. There was solid growth, but the sellers did not step aside. This is evidenced by the candles' long shadows. Buyers are able to maintain the price at $7,500 but are unable to break through the $7,650 mark. So far, nothing is clear as to furthering the priority of movements in the market.

BTC/USD chart by TradingView

On one hand, the candles' large shadows and small volumes of growth indicate seller dominance. BTC may trend downwards to $7,300. If it breaks through that level, then BTC will go to $6,900-$7,100. 

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On the other hand, the price has broken the aforementioned trend line, which has held the cryptocurrency's rate back since October. In general, BTC is expected to drop to $7,300, but if the cryptocurrency is fixed above $7,650, then BTC will move to $7,800.

At press time, BTC is trading at $7,544.

LTC/USD 

LTC is trading in accordance to our recent forecast between the $42-$52 range. Its rate has increased by 2.68% since yesterday.

LTC/USD chart by TradingView

Looking at the 4H chart, LTC touched the local bottom at $42. In terms of its nearest price scenario, the bulls are dominating over the bears. The Moving Average Convergence/Divergence (MACD) is bullish, and the closest mark that LTC might reach is $50. If the current forecast comes true, then the quotes will move based on the curve pattern as outlined on the chart.

At press time, LTC is trading at $45.73.

TRX/USD 

TRX has also followed our previous scenario as the its price of $0.014 has been retested.

TRX/USD chart by TradingView

Looking at the 1D chart, the bearish trend remains even on a short-term basis. TRX has currently formed a head and shoulders pattern and is likely to move downwards due to the low trading volume. The relative strength index (RSI) line is also going down, with the nearest price target being at $0.135.

At press time, TRX is trading at $0.0147.

XTZ/USD 

XTZ has had the biggest gains today. Its rate has rocketed up by 8.46% in the last 24 hours.

XTZ/USD chart by TradingView

Despite the sharp growth, this altcoin cannot be considered the start of a bullish trend. XTZ is about to roll back to its nearest support level of $1.35. Moreover, the RSI is located on the edge of the oversold area, suggesting an upcoming decline.

At press time, XTZ is trading at $1.3978.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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