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Ripple Invests in Bitso – Largest Latin America’s Crypto Exchange

  • Yuri Molchan
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    Ripple crypto giant spreads the word it has invested in the biggest Latin America’s crypto exchange located in Mexico - Bitso

Ripple Invests in Bitso – Largest Latin America’s Crypto Exchange
Cover image via www.123rf.com

Ripple has shared the news that it is making an investment in the Mexico-based Bitso crypto exchange, largest in Latin America.

The amount of the investment is not disclosed, however, another detail has been shared – Ripple’s senior Vice President of Product, Asheesh Birla, the author of the blog post with the news, is joining Bitso’s board of directors.

Earlier this year, Ripple, with its recently acquired MoneyGram, collaborated with Bitso on launching Ripple’s new product, On-Demand Liquidity, in Mexico. The crypto exchange was the key partner in that venture.

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Bitso has received a license from the Gibraltar Financial Services Commission (GFSC), so Ripple, which largely supports crypto regulation measures, considers it a promising partner to work with.

 

What’s your opinion about this investment by Ripple? Share it in the comments section!

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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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Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
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    Tuur Demeester wants you to buy the dip as Bitcoin touches the support of its parabolic uptrend for the first time since March

Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester
Cover image via u.today

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.

Tuur Demeester of Adamant Capital has just taken to Twitter to calm down Bitcoin enthusiasts who might have been swayed by incredibly bearish sentiment on crypto Twitter. 

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Bitcoin recently dropped to $6,800, its lowest level since early May. However, Demeester apparently sees this as yet another opportunity to buy the dip. He states that top coin's parabolic uptrend that started at the beginning of 2015 hasn't been violated. However, Bitcoin has tapped support for the first time since March when Bitcoin was trading well below $4,000. 

Shortly after printing a huge red candle on the logarithmic chart, the Bitcoin price spiked by 20 percent on Apr. 2, which started the coin's massive run to $13,700. 

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As of now, BTC is down by nearly 50 percent from its yearly high, but this might not be the end of the nightmare for Bitcoin bulls. According to trading exert Josh Rager, the crypto king could plunge below the $7,000 level again after a fakeout to the $7,500 range. 

Gold bug Peter Schiff recently predicted that BTC could collapse to $10,000 level after competing the head-and-shoulders pattern.  

At the time of writing, BTC is sitting $7,313, CoinStats data shows. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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