MintDice Blog

Ripple (XRP) is indeed one cryptocurrency that has gained momentum within the space over the past few years. Due to its products, xRapid and xCurrent, the platform is gradually increasing the attention of global banks, exchanges, and financial institutions.

Ethereum platform runs on blockchain technology, an immutable digital ledger in which all the network’s transactions are recorded. Typically, a blockchain consists of a chain of blocks (batches of transactions). Miners are tasked with adding new blocks to the blockchain in exchange for a reward in the form of 5 ETH.

Ripple has recently entered a partnership to launch a platform for the trade of metals such as gold, silver, platinum, rhodium, and palladium. The digital currency platform will partner with BPG Group for this endeavor.

Taxes are one of the most important things to consider when dealing with assets of any kind, especially since failure to do so could lead to problems with the IRS. Some people are not aware that cryptocurrency is an asset, just like any other asset class when it comes to taxes.

When choosing which cryptocurrencies to invest in, Bitcoin is usually the first choice, but recently, Ripple has been a silent addition to many wallets. This begs the question: is Ripple a rival to Bitcoin?

Unlike bonds, penny stocks and other traditional commodities, blockchain is not a physical asset that can be bought. However, there are different ways to cash in on the action. Blockchain technology has created a trickle-down effect leading to the development of other systems which investors can take advantage of. This is how you can invest in blockchain technology.

Gold is a typical store of value, but it is quickly being overshadowed by Bitcoin technology and its offer of fast, reliable, and decentralized financial transactions. While many may think that gold will fare better than Bitcoin in the long term, the growth of BTC must be taken into account.

ARK is a decentralized digital platform and cryptocurrency, designed to foster blockchain adoption. It serves as a fast and secure way for individuals and enterprises to capitalize on the numerous benefits of emerging technology. ARK does this by providing a stable ecosystem in which user groups can create their own blockchains which can communicate back and forth.

Fidelity Investments has recently announced the launch of a separate arm, which will give its institutional clients the opportunity to trade in cryptocurrencies like Bitcoin. The arm, known as Fidelity Digital Asset Services, LLC, will buy and sell digital currencies for various monetary ventures such as hedge funds and family offices.