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Rivemont Crypto Fund Holds Its Assets in Cash

Rivemont Crypto Fund Holds Its Assets in Cash

Rivemont Crypto Fund, a Canadian company owned by Rivemont Investments, keeps approximately 91% of its assets – $2.3 million – in fiat currency, and only the insignificant rest in Bitcoin.

Rivemont Putting an Eye on the Altcoins

Rivemont Investments offers investment strategies basing on the market’s volatility. Its subsidiary Rivemont Crypto Fund, established in December 2017, is the only active cryptocurrency fund in Canada, according to the official data. The fund trades Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Ethereum Classic (ETC), and is registered in 3 provinces with the Ontario Securities Commission, the Alberta Securities Commission, and the British Columbia Securities Commission.  Rivemont Crypto Fund is considering investments in Initial Coin Offerings (ICOs) and alternative coins such as Neo and Dash.

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People Use Bitcoin 87% less in 2018

People Use Bitcoin 87% less in 2018

The volume of trading on crypto exchanges is 80% lower this year, and analytics mark a significant decrease of people using decentralized apps (DApps).

Cryptocurrencies Are Waning

About half of the crypto market volume accounts for  5 top cryptocurrencies: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin, making over $12 billion rotate within it. One third of the sum accounts for Bitcoin and one tenth – for Ether. Consulting agency Diar confirms that all altcoins’ prices depend on Bitcoin’s fluctuations.  

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The Upcoming Summer Olympic Games in Tokyo 2020 Would Be Rippled

The Upcoming Summer Olympic Games in Tokyo 2020 Would Be Rippled

A user has started a petition to make cryptocurrency Ripple (XRP) an official currency of the Olympic Games in 2020 and got almost 10,000 signatures. 

Connecting People

Ken Takahashi, a creator of the petition, is going to propose to National Olympic Committee to make Ripple as a currency of the Olympics. Takahashi thinks that it is a perfect solution of the language barrier, long queues and other issues that always strike worldwide events. 

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