Day: March 9, 2019

Ripple CTO Bashes PoW, Claims Bitcoin (BTC) Isn’t Safe

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Ripple CTO: XRP > Bitcoin In Attack Prevention For those longest time, a battle has raged between proponents of the XRP Ledger and the Bitcoin blockchain. The latter group scored a win recently, as the co-host of the Unhashed Podcast, Ruben Somsen, drew attention to a seeming flaw in the consensus mechanism of Ripple Lab’s go-to asset, noting the following: Ripple nodes skip validation if they’re more than 100 blocks (~20 min) behind and 80% of the validators agree the blocks are valid. It seems to me validators could exploit…

NEM Foundation Releases Restructuring Plan Amid Financial Difficulties

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The NEM Foundation has released its plan for a financial and organizational restructuring on March 8. The plan comes in the wake of news earlier this year that the foundation was running low on its native XEM tokens. On Feb. 20, the foundation decided to release 210 million XEM tokens ($8.7 million) from reserves, the first 25 million ($1.04 million) of which will be used “to set up processes and structures for a new product-focused, revenue-driven approach for NEM Foundation.” The new tokens will purportedly fund the NEM Foundation’s efforts…

US Leads in Blockchain-Related Job Offerings Globally: Report

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The United States is the world’s leader in blockchain-related jobs, according to a research by The NextWeb (TNW) published on March 8. To prepare the report, TNW gathered information from job and recruiting site Glassdoor, finding all the job offerings that had the term “blockchain” in the job listing in countries around the world. The results reportedly showed that the U.S. is leading the world in terms of blockchain-related jobs, having about half, or 2,616, of a total of 5,711 blockchain jobs listed on Glassdoor globally. The U.S. is followed…

German Financial Regulator Issues Paper on Blockchain Securities Regulation

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The German Federal Ministry of Finance has published a key issues paper on the treatment and regulation of blockchain-based securities, according to a ministry announcement on March 8. In the paper initially released on March 7, the regulator discusses the introduction of regulations for electronic securities and the issuance of crypto tokens. The document stipulates that the regulation of electronic securities should be technology-neutral, which means that they could be based on blockchain, or distributed ledger technology (DLT). The issuance of crypto tokens purportedly will not be subject to existing…