The US SEC has decided Bitcoin and Ethereum will not be regulated as securities but the debate continues to rage over Ripple, the third-largest cryptocurrency by market capitalization. Some argue US FinCen has already set a precedent for Ripple’s definition, which will mean the SEC must eventually follow suit. June has seen the US Securities and Exchange Commission (SEC) make clear that Bitcoin (BTC) and Ethereum (ETH) are not securities and will not be regulated
Ripple chief cryptographer David Schwartz has said the company’s payment system “is not a distributed ledger,” while revealing doubts from banks about Blockchain. ‘We Haven’t Gotten There Yet’ In comments to Reuters June 13, Schwartz went on record to “concede” the company “hasn’t gotten there yet” regarding banking uptake of its services. “What we hear from many of our customers is that it’s imperative to keep their transactions private, process thousands every second, and accommodate
Eric van Miltenburg, the Senior VP of Ripple, believes that South Korea needs to relax some of its more stringent cryptocurrency laws. He made his views known in a recent phone chat with The Korea Times. He also said the emerging digital currency landscape could propel the country into becoming a global economic powerhouse. Encouraging the Nascent Cryptocurrency Market Miltenburg stated the need for cryptocurrency regulations that promoted the market rather than stifling its growth,
Brad Garlinghouse — CEO of San Francisco-based real-time gross settlement system, currency exchange, and remittance network Ripple — believes Bitcoin is “not going to be the panacea that people once thought it would be,” and that his company’s in-house cryptocurrency, XRP, is superior. At the same time, however, he believes the cryptocurrency space will see many winners once the dust finally settles. ‘There will be many winners’ In an interview with CNBC earlier this week, Garlinghouse
Ripple — a real-time gross settlement system, currency exchange, and remittance network — will supposedly have “dozens” of banks making use of its XRP-powered blockchain solutions in 2019. ‘Major banks will use xRapid’ One of the biggest knocks against Ripple — the third-largest cryptocurrency by market capitalization — is that the San Francisco-based blockchain start-up provides very little use for its in-house cryptocurrency coin, XRP. Ripple’s CEO, Brad Garlinghouse, claims those fears are unfounded. According
San Francisco-based Ripple has announced a University Blockchain Research Initiative which will include a funding amount of $50 million for select academic institutions. Despite the current lethargy in cryptocurrency markets, interest in blockchain is at a fever pitch, especially on campus. Ripple recognizes that students and faculty are key elements for the creation of a more robust and valuable blockchain ecosystem. Academic Advancement In an announcement on the company blog, Ripple — touting itself as
Brian Kelly, the CEO of cryptocurrency trading firm BKCM, believes that investors are missing the bigger picture when it comes to Ripple. Speaking with CNBC, Kelly outlined the potential utility for both the Ripple Ledger and XRP. Ripple’s Utility in the Payments Arena The global payments industry is incredibly massive. Advances in cross-border payments and international banking systems have increased the total addressable market — with BKCM’s Brian Kelly claiming that the size of the
As anyone with altcoins in their portfolio knows, when the price of Bitcoin takes a hit, the rest of the cryptocurrency market gets hit harder. Likewise, when Bitcoin bounces, altcoins tend to outperform. The correlation between the market leader and its supplicants goes both ways — but Ripple CEO Brad Garlinghouse thinks that’s about to change. An Irrational Market As the cryptocurrency market’s first and foremost cryptocurrency, Bitcoin determines price action for the wider altcoin market.
Currencies Direct Ltd — a UK-based foreign exchange broker and international payment provider — has announced the successful completion of an international payment over Ripple’s xRapid platform. The transaction used Ripple’s scalable digital asset, XRP, and represents one of the first successful trials of a cryptocurrency by a mainstream financial services organization. ‘XRP Is a Game Changer’ The successful international payment using XRP represents a positive move for the cryptocurrency market’s third-largest coin by market capitalization.
Weiss Ratings, a private company which provides research and analysis for consumers and business professionals, has released its list of 93 cryptocurrency ratings for free this week — with Bitcoin (BTC), Cardano (ADA), EOS (EOS), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and TRON (TRX) coming out on top. Free This Week Weiss Ratings, the only financial rating agency currently offering cryptocurrency reviews, has released its full list of 93 coins and tokens to the public for
The cryptocurrency market has taken a decidedly bearish turn over the month of May, but one venture capitalist believes that only makes for a better buying opportunity — for Bitcoin, that is. ‘The Story Is Very Much Materializing’ Over the past few weeks, sellers have remained firmly in control of the cryptocurrency market — but venture capitalist Spencer Bogart claims current market conditions only make for a better buying opportunity. On Friday, the Blockchain Capital partner
Revolut, the London-based fintech firm, has added Bitcoin Cash and Ripple to its catalog of supported cryptocurrencies. Thus, customers will be able to buy the two added cryptos from the Revolut mobile app. This move signals the company’s desire to establish itself in the emerging cryptocurrency fintech market. Bitcoin Cash Added to the Mix Revolut was founded in London in 2015 as a fintech firm with a core focus on providing alternative digital banking solutions.
Technology and military experts suggest that candidates for defense jobs may not be able to obtain a necessary security clearance if they own Bitcoin or other cryptocurrencies. The Struggle for Tech Talent in the Defense Sector The Pentagon is struggling to hire new tech talent. Unlike the private sector, the Department of Defense and certain other government agencies require a candidate to obtain necessary security clearances in order to be hired. This leaves a very
American-based aviation company TapJets will move to assess the potential for adding XRP and LTC to its fleet of payment options while dropping Verge (XVG) after a 3-day Twitter poll. TapJets provides quick private jet bookings and also accepts Bitcoin. Back on May 15th TapJets, an American-based aviation company, launched a Twitter poll, asking the crypto community which virtual currency should be added as means of payment to their platform. Our #cryptocurrency friends asked for
CNBC’s cousin, CNBC Africa, has produced its own cryptocurrency segment, with its host appearing on CNBC’s Fast Money yesterday to discuss his opinions on the top four cryptocurrencies. Cryptocurrencies are a worldwide phenomenon, with people from America to Zimbabwe getting involved in one of the world’s fastest-growing industries. Africa has long proven itself to be a popular place for cryptocurrency growth and adoption, with many African consumers adopting cryptocurrencies in their daily lives. Some speculate
Ripple continues to grow its empire with the official launch of Xpring, a new investment initiative that helps fund entrepreneurs in exchange for the utilization of XRP and the XRP Ledger. ‘We’re Uniquely Positioned to Support Entrepreneurs in a Meaningful Way’ Ripple — a San Francisco-based real-time gross settlement system, currency exchange and remittance network — has announced a new initiative, Xpring, “that will invest in, incubate, acquire and provide grants to companies and projects run by
The fourth annual Consensus conference, Bitcoin’s biggest event of the year, begins today, May 14, 2018. Will bitcoin price surge once again during the event as it has in previous three years? RELATIONSHIP BETWEEN BITCOIN PRICE AND CONSENSUS A look at the previous three Consensus Conferences shows significant crypto price movements during and immediately after. This trend has been maintained in all three conferences so far. Thus, it stands to reason that the pattern could continue
Ripple, a real-time gross settlement system, currency exchange, and remittance network, has announced the results of its first pilot for xRapid — the company’s business solution for payment providers and financial institutions looking to expand their reaches into new markets with increased scale, speed, and cost efficiency. Promising Results In its push to modernize financial services infrastructure via high-powered blockchain-powered solutions, improve the speed and cost of cross-border payments, lower barriers to financial inclusion, and
Bitcoin proponent and former Goldman Sachs trader Mike Novogratz has inked a partnership deal with Bloomberg to launch a cryptocurrency index platform. Novogratz’s Galaxy Digital Capital Management LP and Bloomberg will establish the Bloomberg Galaxy Crypto Index (BGCI). The index service will provide trusted asset tracking for 10 of the most liquid cryptocurrencies in the market. The Bloomberg Galaxy Crypto Index The BGCI is part of the Bloomberg Index Services Limited catalog and is administered
Ripple’s array of partners continues to expand as Coinone joins RippleNet. Another Day, Another Partnership According to an announcement from the Ripple team, Coinone Transfer — a subsidiary of Coinone — has officially joined RippleNet. The payments business is set to use xCurrent, Ripple’s increasingly popular blockchain solution for cross-border payments and settlement. Coinone is one of Korea’s largest exchanges for digital assets and is now poised to become the country’s first to utilize RippleNet.
In a time when we’re bombarded with the supposed evils of Bitcoin (right, Mr. Baby Brains Munger?) on a seemingly daily basis, it’s refreshing to see crypto take the spotlight for a worthy cause. According to Bloomberg, this is exactly what happened at a San Francisco fundraising gala held on the 3rd of May. The event was held to raise money to combat poverty in the Bay Area and was planned by the Tipping Point
A San Diego-based law firm has filed a class action lawsuit against Ripple accusing the crypto firm of violating both state and federal securities law. The suit alleges that Ripple investors have incurred losses due to company’s sale of XRP tokens. There continues to be an ongoing debate as to whether XRP tokens are securities. Details of the Ripple Lawsuit Taylor-Copeland law is the name of the law firm handling the case. According to a
Blockchain technology has its fair share of haters, but one individual in the banking industry has taken doubt to an entirely new level. ‘Blockchain is a Fad’ Martin Walker, the director of the Center for Evidence-Based Management, has made statements yesterday against blockchain technology which are so bearish, it’s hard to tell whether he’s serious, or has ulterior motives. Flanked on either side by Everledger’s Chris Taylor and Ripple’s Ryan Zagone, Walker told The British Parliament’s Treasury