Worth knowing. Especially with regard to Ethereum which is becoming the go to platform for legal/law firms developing blockchain products.
Legal Gambling & The Law report
Now, a similar scenario is seen with other digital currencies. Following a steep rise in the price of Litecoin, Ethereum, and Ripple coin, Bloomberg has added these crypto currencies to its terminal service, which is used by major banks and other financial institutions across the globe.
The addition of Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) price data by Bloomberg is aimed at Forex traders seeking new assets, according to a Fortune report. From a low of $424 on Dec 9, Ethereum rallied to record a high of $758 on Dec 13. Likewise, Litecoin rallied from a low of $126 to $346 last week. Ripple coin, which remained range bound between $0.19 and $0.23 for several months, gathered steam to record a high of $0.87.
While all the three crypto currencies rely on distributed ledger technology, they are structurally different and intended to resolve different issues. Ethereum is a versatile software, which is used by developers to create tokens for different projects. Litecoin is technically a clone of Bitcoin, but with quick transaction confirmation time. Ripple coin, which is traded in the crypto currency market, represents a company that provides block chain technology to banks.
