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How Telegram is Positioning Itself to Tap into $530 Billion Funds Transfer Market

How Telegram is Positioning Itself to Tap into $530 Billion Funds Transfer Market

By David Drake Telegram, an instant messaging cloud-based app, is seeking to transform the way people interact and make payments. Through its proposed blockchain-backed Telegram Open Network – and in conjunction with its cryptocurrency, Gram – Telegram is set to become the first western chat app to offer payment services to users. In doing so, it has become China’s WeChat main competitor. According to Sheldon Corey, President of Arges Inc. and Worlds Financial Centre, this move will enable Telegram to get a share of the growing funds transfer market. He says, “Now Telegram is making its play for a more direct share of the $530 Billion money transfer market by offering “Gram”, a way to transfer funds within the Telegram platform, among its 180 million crypto-savvy users. This is a similar approach to WeChat’s internal money transfer service, offered to its 900 million users. Ripple may find that is has chosen ... Read More »

Will Ether Survive the Cryptocurrency Crash and its Upcoming Hard Fork?

Hedge Fund Blogs From HedgeCo.Net ← Does Dogecoin Enjoy Sufficient Demand to Compete in the Crypto Market? Will Ether Survive the Cryptocurrency Crash and its Upcoming Hard Fork?

by David Drake The price of Ether plunged further today to trade at $975. This second largest cryptocurrency is not alone in the downward trend, the widespread cryptocurrency crash has affected almost all cryptocurrencies in the market. But this isn’t the only reason why Ether’s price is experiencing a sharp drop. The upcoming hard fork could also be affecting its value. Anton Mitrohkin, CFO and Co-founder of Descrow, says, “The price of Ether is influenced by the expected hard fork on January 19. In general, after this date, you can expect a rebound in the price of Ether. Then it will be possible to judge the real value of these crypto-currencies and their place in the world ranking.” Days after Ethereum’s market capitalization surpassed that of Ripple on the coin market, the cryptocurrency traded at an all time high price of $1375 on January 10, having surpassed the $1000 mark the weekend before. ... Read More »

Will Telegram’s Decentralized Platform OutSmart WeChat?

Will Telegram’s Decentralized Platform OutSmart WeChat?

By David Drake There are reports that Telegram is launching a landmark initial coin offering (ICO) in  upcoming months. The company plans to set up a blockchain platform, known as Telegram Open Network (TON), to facilitate payment via its messaging app. Some industry players view the integration of blockchain into a messaging app as an attractive model that users will appreciate. Vasily Kozlov, Connectius founder and CEO, says, “In light of the colossal increase in the amount of users of Telegram messaging services in 2017, the idea of integrating blockchain solutions for user exchange in an app with closed source code becomes increasingly more attractive. The platform’s founder, Pavel Durov, expressed an interest in cryptocurrency and blockchain technology long before the release of the app. This could potentially be the most global ICO company, considering the success of Canadian messaging service, Kik.” Through TON, Telegram will develop a cryptocurrency payment system similar ... Read More »

Can Ripple Compete With Ether after Recent Price Plunge?

Can Ripple Compete With Ether after Recent Price Plunge?

by David Drake Ether has overtaken Ripple to reclaim its position as the second biggest digital currency in terms of market value. Ripple’s second-place spot was short-lived having overtaken Ether only ten days ago after which it dropped to third place after its value surged by more than 14%. According to Eran Eyal, CEO and Founder of Shopin, the competition between Ether and Ripple is not about to end. “The race and rally between Ripple and Ethereum is absolutely going to continue. You’re going to very likely see a huge spike in Ethereum over the next coming months and quite possibly hitting $8000 by next year. Ripple has had a fantastic rally and amazing adoption by banks, whilst Ethereum has far greater widespread application. We are only starting to see that now and when upgrades hit Ethereum this year that will go to a completely new level,” Eyal says. Many ... Read More »

Can Dogecoin Compete with Leading Cryptocurrencies in the Coin Market?

an Dogecoin Compete with Leading Cryptocurrencies in the Coin Market?

By David Drake Dogecoin, the cryptocurrency that was created as a joke back in 2013, has now passed the $2 billion mark in market capitalization. Unlike other cryptocurrencies that offer benefits like blockchain usefulness, practical application and transaction speeds, dogecoin seems to be an attempt to simply cash on cryptocurrency popularity. According to Shaun Dindial, the Managing Director at LDJ Capital investments, investor speculation has led to the growth of Dogecoin popularity and has continued since its launch. “Dogecoin is a great example of how speculation can run a currency up to such a high market cap. This trend is surely not over as investors pulling out of other currencies are looking for huge returns on the cheaper coins. Even if it’s not a long term strategy, the short term can be quite lucrative,” Dindial notes. In early December 2017, Dogecoin was trading at $0.0021, and at the time of ... Read More »

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