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Crypto News Weekly 09.11.18: Crypto Bets Win Big in Midterms, SWIFT Denial for Ripple

Cryptocurrency NewsNov 09, 2018 05:00AM ET
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© Reuters. Crypto News Weekly 09.11.18: Crypto Bets Win Big in Midterms, SWIFT Denial for Ripple

A SWIFT denial for Ripple while rumors are rife

The international money transfer organization SWIFT has categorically denied rumors that it is being acquired by Ripple or considering a partnership with them in their latest technology upgrade which is due for November 17.

During the last week, the XRP token has seen a sudden surge coming from 45 cents and peaking at over 54 cents and briefly knocking Ethereum off the number 2 slot on CoinMarketCap. While a cynic might believe the Ripple press machine has been in overdrive in the shadows for a concerted short burst, rumors again appeared in the press of XRP ready to be listed on Coinbase, and that is ready to be linked to Apple (NASDAQ:AAPL) Pay through Wirex. In the same week, it has also been noted by observers and speculators that there was a 40 million XRP transfer to Jed McCaleb, a former Ripple co-founder, who now heads the Stellar XLM currency.

Stellar plans massive consumer giveaway

While the purpose of the massive XRP transfer to Jed McCaleb is not public, it is possible that it is linked to an upcoming airdrop or free giveaway that Stellar is planning to push the adoption of its XLM token. This week they announced a partnership with Blockchain the crypto wallet that would see them give away the equivalent of $125 million of tokens over the next few months at poss...


This article appeared first on Cryptovest
Crypto News Weekly 09.11.18: Crypto Bets Win Big in Midterms, SWIFT Denial for Ripple
 

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