BITCOIN CASH, RIPPLE AND THE EUROPEAN BLOCKCHAIN PARTNERSHIP

<p><em>The Bitcoin Cash which attempts to get back, the thud of Ripple following the regulatory requests,</em><br />
<em> the birth of the European Blockchain Partnership. Here are the news of the moment on the</em><br />
<em> cryptocurrencies market.</em></p>
<p>RIPPLE &amp; REGULATORY REQUEST<br />
In the background of the continuing volatility of the cryptocurrency market, the Ripple quotation has<br />
returned to losing ground after the regulatory demands formulated by British institutions.<br />
Most traders attribute the cause of the thud of the Ripple quotation observed in this week, to the<br />
requests of a major regulation of the phenomenon. For others, however, the decline represented a<br />
natural and momentary phase of retracement compared to the progress of recent days.<br />
XRP’s head of regulatory relations has asked regulators to strengthen the cryptocurrency<br />
legislation by adopting a similar approach to that of Japan, where legislators have already imposed<br />
on all exchanges to have adequate licenses to operate legally.<br />
For experts, the strange requests of the company have slowed the advance of the quotation of<br />
Ripple, which after having only touched the share of $ 0,70 has returned to $ 0,63.<br />
For a long time, the hypothesis of closer global regulation terrified the cryptocurrency sector and<br />
was identified as one of the main drivers of the crash at the beginning of the year.</p>
<p>BITCOIN CASH FORECAST<br />
Speaking of the decline of cryptocurrencies, 2018 has not been particularly gracious to them. The<br />
market has dealt with the growing concerns related to the regulation of the phenomenon as well as<br />
with the closure of some large companies (Google, Facebook and Twitter) to the advertising<br />
related to them. The fears related to the explosion of the so-called bubble have certainly not helped<br />
the sector, which has finally weighed the season of taxes in the United States.<br />
It is not too late to get back on track because there are many predictions that attest to a return of<br />
Bitcoin Cash around $ 2.000 by May.<br />
From the beginning of the year to today the Bitcoin Cash quotation has followed the same path as<br />
its other major colleagues. After reaching record highs at the end of December, the cryptocurrency<br />
undertook a period of slow decline that brought BCH/USD up to $ 610.<br />
The skeptics, however, remain, because if Bitcoin Cash will reach that goal, then the recovery<br />
would be over 150 percent points within a few weeks and right now the $ 2.000 still appear very<br />
far.</p>
<p>EUROPEAN BLOCKCHAIN PARTNERSHIP<br />
The first European alliance on the blockchain was officially born. Signed on the occasion of the<br />
Digital Day 2018, the partnership will have the objective of promoting the exchange of skills and<br />
experience in technological matters and making fertile the ground for the launch of blockchain<br />
applications at European level, which will affect both the public and private sectors.<br />
There are 22 countries that have joined in a similar alliance and have chosen to get on the<br />
bandwagon of the digital market: Austria, Belgium, Bulgaria, Estonia, Latvia, Czech Republic,<br />
France, Germany, Ireland, Lithuania, Luxembourg, Malta, Sweden, Norway, Finland, Poland,<br />
Slovenia, Slovakia, the Netherlands, Spain, Portugal and the United Kingdom.<br />
Through the European Blockchain Partnership, all the countries will try to pursue greater<br />
cooperation both from a technical and a regulatory point of view. All this, they explained from<br />
Brussels, with the aim of making Europe a leader in the development and in the spread of<br />
blockchain technology.<br />
And technology is the driving force behind cryptocurrencies. Not surprisingly, Bill Gates, co-founder<br />
of Microsoft, expressed this opinion regarding cryptocurrencies: “Bitcoin is a technological tour de<br />
force.”</p>