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Global: Another Cryptocurrency Causes Ripples

Dec 29, 2017 | 18:12 GMT

(Stratfor)

While the world focuses on the ups and downs of bitcoin, another cryptocurrency, ripple (XRP), is making a splash. Since Dec. 27, the value of one XRP has increased by over 50 percent to as high as $1.83. This briefly pushed XRP to become the second largest cryptocurrency by market capitalization, and it's now relatively even with ethereum. Bitcoin, on the other hand, has fallen by over 10 percent since the Dec. 27 announcement by South Korea that it would increase regulations on cryptocurrency trading and could close some of the country's cryptocurrency exchanges....

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