Market Trends For Bull & Bear On April 17: XRP And BSV
Market trends of blockchain and cryptocurrency are examined to make predictions. CoinNess.com will study market trends-related consumer behavior, employment, blockchain tech advancements, new product development, competition, government norms and other factors that impact the bull and bear of blockchain and crypto industry.
CoinNess.com Market Index:
XRP, $0.327, +2.04%;
BSV, $55.77, -6.45%.
Bull
- XRP
xRapid's Regulatory Approval In The US, Affects Ripple Positively
With the operating license Bitstamp has received xRapid, Ripple's payment protocol will be able to facilitate cross border transactions between banks, thus a positive boost for the XRP tokens. Bitstamp will facilitate most of its payments through x-Rapid and this will create a boost for the XRP. This news might just be a sign of optimism for XRP price.
Bear - BSV
Ending Support For BSV In The Blockchain Wallet
Blockchain Wallet announced that they had determined to end all support for BSV within the Blockchain Wallet by May 15, 2019.
The Cost Of Carrying Out 51% Attack On BSV Keeps On Decreasing
At press time, the cost of carrying out a 51% attack on Bitcoin SV is just around $6,500. The same for BCH is currently about four times that of BSV around $25,000. ETC, which was under 51% attack many times in recent times, has a similar cost of carrying out a 51% attack as Bitcoin SV at $6,300.
Kraken Exchange Joins Binance In Delisting Bitcoin SV
San Francisco-based Kraken announced on April 16 that it will no longer support BSV, citing both community sentiment and ongoing litigation filed against the exchange by the coin's advocates. Kraken will disable BSV deposits on April 22, trading will cease on all trading pairs on April 29 and, finally, withdrawals will stop on May 31.
BSV is facing a severe situation in mass media and controversies in its network. 51% attack is the most sensitive and momentous issue in blockchain and the low attack cost will drastically decrease the evaluation of BSV.
https://bi.city/s/F4Tl01
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