Day: September 10, 2018

Ripple Labs and R3 Consortium Reach Settlement in XRP Token Litigation

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Ripple Labs Inc. has announced it has reached a settlement “of all outstanding litigation” between R3 HoldCo LLC, R3 LLC, and XRP II, LLC, according to a press release published September 10. Per the statement, the details of the settlement will remain confidential while “both sides look forward to putting these disputes behind them.” The litigation between Ripple Labs and R3 Consortium began in September 2017, when the consortium filed a lawsuit in Delaware and New York against Ripple Labs. R3 then claimed that Ripple had violated a prior purchase…

SEC Has Temporarily Suspended a Bitcoin ETN, is the Market Affected?

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In July, Sweden’s XBT Provider introduced a Bitcoin exchange-traded note (ETN) to the US market. This week, the US Securities and Exchange Commission (SEC) suspended the ETN for 10 days. On September 10, the SEC released an official statement regarding its decision to suspend the Bitcoin Tracker One ETN for ten days, until Sep.t 20. The statement, released on the SEC website, explicitly stated that the two ETNs of XBT Provider caused confusion amongst investors. Essentially, the SEC has said that Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF)…

Car Retail Startup to Launch Blockchain Marketplace With Live Vehicle History Data

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An automotive company based in London, United Kingdom, has developed a car-sales portal that is powered by blockchain technology. It features an exchange and marketplace that provides a detailed history of cars as well as data on trading and insurance risks associated with certain countries and cities. According to the Auto Block white paper, there are more than 6,000 car dealers in the U.K. that are competing over the market share of retail sales. A Q2 2018 report released by The Society of Motor Manufacturers & Traders (SMMT) shows a…

Crypto Markets See Another Wave of Red, Despite Bullish News From Major Industry Players

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Monday, September 10: crypto markets have seen mainly red today, with just two coins out of the top 20 cryptocurrencies in the green, and total market cap hovering around $194 billion. Market visualization from Coin360 Bitcoin (BTC) is slightly down today, fluctuating around the $6,300. The major cryptocurrency is currently trading at $6,287 by press time, down 1.5 percent over the past 24 hours. Bitcoin saw an intraday high of $6,398 and low of $6,253, according to Cointelegraph’s Bitcoin Price Index. The coin sharply lost its $6,400 trading levels yesterday…

Report: Nearly Half of ICOs Failed to Raise Funds Since Start of 2017

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Nearly half of all initial coin offerings (ICOs) in 2017 and 2018 failed to raise any funds, while another 40 percent raised more than $1 million each, a new research report claims. Research and consulting firm GreySpark Partners studied the ICO market across the past several years, finding that as many as 890 token sales did not raise any funds at all. By contrast, according to the report (embedded below), 743 token sales were able to reach the $1 million mark. GreySpark also noted that many token projects fail to…

U.S. SEC Suspends Trading for Two Swedish-Based Crypto ETNs

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Two securities, one that tracks bitcoin and another that tracks the cryptocurrency ether, have been temporarily halted by a U.S. regulatory watchdog due to investor confusion. Starting September 9, 2018, the Securities and Exchange Commission (SEC) has suspended all U.S. trading of Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF) until September 20, 2018. The exchange-traded notes (ETNs) are issued by Swedish company XBT Provider AB, a subsidiary of U.K.-based CoinShares Holdings. Per the order, U.S. brokers are barred from trading the ETNs “for any purpose other than to…

Spark, a New GUI Lightning Wallet for Bitcoin, Now Available for Download

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Spark is a web-based GUI wallet with built-in Electrum software designed for speed, safety and simplicity that utilizes Blockstream’s Lightning implementation c-lightning as its backend. The platform allows for easy spending and receiving of bitcoins over the Lightning Network, which is renowned for its payment speeds. Users can also run their own Bitcoin-based nodes, c-lightning nodes and Spark GUIs in a completely trustless environment. Independent developer Nadav Ivgi is the developer behind the project. Also an ambassador at the Tel Aviv Bitcoin Embassy and the founder of Bitrated, a company…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 10

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The market is finding it difficult to sustain the total cryptocurrency market capitalization above the $200 billion mark. The news of the U.S. Securities and Exchange Commission (SEC) suspending trading in the Bitcoin Tracker One and Ether Tracker One securities has further dampened…

Iceland’s ‘Big Bitcoin Heist’: Suspects Charged With Over $2M in Stolen Mining Rigs

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Police in Iceland charged seven individuals for conspiracy, burglary, and theft for stealing from the region’s mining facilities. Iceland prosecutors are charging the suspects with over $871,000 in stolen goods, but the group of individuals are also being sued for $1.7 million in damages from three separate mining firms. Also read: James Bond-Like Villain in $2 Million Bitcoin Heist Caught in Amsterdam After Several Failed Attempts Thieves Rob Icelandic Bitcoin Mines — Scoring a Bunch of Mining Rigs Sindri Thor Stefansson. Back in April Amsterdam police arrested a man named Sindri Thor…

Stellar (XLM) Embraced by Visa-Backed Blockchain Company

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The Stellar Foundation is a non-profit blockchain project that built the Stellar network. The Stellar ecosystem holds the digital token Stellar (XLM), or Stellar lumens. The for-profit subsidiary of the Stellar Foundation, Lightyear, purchased Chain for around $40 million. As part of the all-cash deal, all of Chain’s existing investors, such as Citi Ventures, Visa, and Nasdaq will all receive a return on their initial investment, Chain’s co-founder, Adam Ludwin, told Forbes. “All of the clients that we have now have effectively shifted from using a traditional database model to…