Breaking News? Zimbabwe, once a big buyer of virtual currency ? Seeks to sell stakes in state-owned companies such as the Airline, Power utility and the Railways ? By diluting shareholding in those entities. Some people believe, this might cause shareholdings to go to zero percent in some of these entities ? At present, Zimbabwe either partly owns, or wholly owns 92 state companies ? Could this be the start of new thinking in Africa ? If this is the case, this could have a Major Positive effect on this great country ?
Ripple coins soar to record above $3--stalks bitcoin for crypto dominance
The virtual currency known as Ripple coins soared to a record on Wednesday, solidifying a rally in the world’s No. 2 digital asset and closing in on bitcoin for dominance of the nascent industry. Ripple has surged over 90% over the past week, with a single coin valued at $3.03 trading at intrasession record, according to research site CoinMarketcap.com. That puts San Francisco-based Ripple Labs’s total value at about $117 billion. However, factoring the total supply of Ripple coins, including some 55 million Ripple coins held in escrow by its executives, the total value of Ripple is around $300 billion. That ... (full story)