• The Informer Post
  • Posts
  • Square Crypto: Bitcoin’s 9,000,000% Boom Was Just a Warm Up – BTC, XRP, Ripple, Litecoin Newsflash

Square Crypto: Bitcoin’s 9,000,000% Boom Was Just a Warm Up – BTC, XRP, Ripple, Litecoin Newsflash

January 01, 2020

From the dawn of a new decade for Bitcoin to progress on Litecoin’s push for privacy, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Jack Dorey’s Square Crypto says Bitcoin is just getting started after epic performance over the last decade.

The leading cryptocurrency soared 9,000,000% in the past 10 years, leaving every other asset in the dust.

But the Bitcoin-focused division of the publicly traded mobile payments company Square says it’s still early days for BTC.

This decade was bitcoin just warming up.

— Spiral (@spiralbtc) January 1, 2020

Dorsey, who says he thinks Bitcoin has a shot at becoming the native cryptocurrency of the internet, formed Square Crypto to boost Bitcoin’s potential to become an everyday currency.

He plans to spend three to six months in Africa this year to explore how BTC can help create financial freedom across the continent.

Ripple and XRP

Ripple is offering a look at which of its announcements went the most viral in 2019.

The startup says the top post on Ripple.com last year was the announcement of Ripple’s partnership with payments giant MoneyGram, which is focused on leveraging XRP for cross-border payments.

Ripple’s developer platform for XRP came in at number two, followed by the company’s open letter to Congress and its confirmation of over 300 customers. Rounding out the top five was the startup’s Series C funding round of $200 million.

Litecoin

The Litecoin Foundation has released a new update on its push to implement privacy features for LTC, the sixth-largest crypto asset by market cap.

According to the Foundation, $18,482 worth of LTC and BTC has now been donated to the project.

The money will be used to pay for developer David Burkett to implement the Mimblewimble protocol. Burkett says he’s already making significant progress.

“After months of planning, development of the mimblewimble extension block has officially started! My efforts this month focused mostly around restructuring the core logic that will be shared between Grin++ and LTC. This involves all of the logging, serialization, crypto, error handling, and common data structures (headers/blocks/txs).”

Charlie Lee, the man who created Litecoin, says he plans to match every donation that comes in.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.