Ripple Sold Over $250 Million in XRP in the Second Quarter of 2019

Ripple, the company behind XRP, the third-largest cryptocurrency by market cap, has revealed that it sold $251.51 million in XRP in the second quarter of 2019. Ripple published its Q2 report on July 24. According to the report, Ripple sold approximately $169.42 million in XRP during Q1 2019. This means that quarter-to-quarter, XRP sales increased by approximately 48%. In relation to its quarterly XRP sales, the report states that Ripple will subsequently decrease future token sales substantially. Additionally, Ripple noted that it restricted XRP sales during the quarter due to…

Unlicensed Bitcoin Exchange Operator Indicted by Justice Department

William Green, a 46-year-old New Jersey resident, was indicted by a federal grand jury on account of allegedly running an unlicensed money transmission service. The United States Department of Justice (DoJ) announced the indictment in a press release on July 24. According to the DoJ, the indictment filings and court statements indicate that Green operated a fiat-to-Bitcoin (BTC) conversion service through the website Destination Bitcoin. As such, Green reportedly would receive money from his customers in order to convert their cash to BTC. The findings further indicated that Green had…

Bitcoin Cash Solid Fundamentals Could Act as Catalyst in Next Bull Market

Many people have suddenly flipped bearish on Bitcoin Cash (BCH) as the bitcoin fork plunged to as low as $255.10 on July 15. That’s a drop of over 50 percent from this year’s high of $517.12 which was posted on June 22. Nevertheless, the cryptocurrency is still up by almost 95 percent year-to-date even after a 50 percent devaluation. This says a lot about the strength of Bitcoin Cash. We looked under the hood to investigate the source of this bullishness. It was surprising to discover that the cryptocurrency has…

Chinese Company The9 Said to Be First Foreign Telegram ICO Investor

According to a filing with the United States Securities and Exchange Commission, the Chinese company The9 Ltd bought 5,297,257 tokens during a Telegram initial token offering in January 2018 for $2 million dollars. The filing also states that The9 has invested in multiple blockchain-based companies as of 2018.  According to a report by Russian business news agency RBC on July 24, this document is evidence of The9 as the first publicly-known foreign investor. Per RBC, Telegram’s initial coin offering (ICO) investors are largely unknown.  Few details about ICO participants forthcoming…

Telecoms Giant Verizon Seeks Talent for Blockchain-Related Positions

A search for “blockchain” on the career page for telecoms giant Verizon reveals that the company is actively looking to hire new recruits for blockchain-related jobs, including five blockchain developers. The Block highlighted the vacancies in a report on July 24. Verizon is apparently interested in creating a distributed network, as per the report. Additionally, the report specifies that a leading engineer at Verizon believes that hiring options are thin right now: “Google, Facebook, Microsoft, those guys are just taking the cream of the crop. […] I have interviewed over…

Top Coins See Mixed Signals, Bitcoin Hovers Near $9,700

Wednesday, July 24 — Most major cryptocurrencies are trading sideways, with a few experiencing minor losses today. Crypto markets are reporting mixed signals as of press time, according to data from Coin360. Market visualization. Source: Coin360 The leading cryptocurrency Bitcoin (BTC) has been trading under the $10,000 price mark today, having lost almost 4% over the past 24 hours. At press time, BTC is trading at $9,720. Cryptocurrency data website Coinmetrics reported yesterday that the amount of BTC held in a single address unmoved for at least five years recently…

Man From Belgium Tells Judge He Is Satoshi

A new person has stepped forward and claimed to be Satoshi Nakomoto, the pseudonymous creator of Bitcoin (BTC). Debo Jurgen Etienne Guido made his claim in a letter filed with a federal courthouse in Florida on July 22.  Guido addressed his letter to Judge Bruce Reinhart — the judge overseeing the ongoing Kleiman v. Wright case. Guido wrote: “I hereby testify, by written letter — I am the genuine and only originator/creator of the genesis block of the Bitcoin blockchain. I used the handle Satoshi Nakamoto and mail Satoshin@GMX.com to…

No Companies Have Officially Joined Libra Association Says Visa CEO

Alfred F. Kelly Jr., the CEO of Visa, said that no companies have officially joined Libra. At this stage, the 20-some companies involved with the foundation have reportedly only declared interest via a nonbinding letter of intent. According to an apparent transcript of a Q3 2019 earnings call for Visa dated July 23, Kelly said: “We have signed a nonbinding letter of intent to join Libra. We’re one of – I think it’s 27 companies that have expressed that interest. So no one has yet officially joined.”  As per the…

Bitcoin Survey Shows Major Distrust Abounds for Facebook’s Libra

A new Bitcoin survey asking US citizens about Facebook’s (NASDAQ:FB) new Libra stablecoin has yielded some surprising results. When compared to leading cryptocurrencies, only 2% felt they would trust Libra more than Bitcoin. The results may surprise traders and also raise questions about Facebook’s newest endeavor. Bitcoin Survey A poll of 1,799 US adults was carried out since Facebook launched its Libra white paper in mid-June. The most shocking result was that, as stated, an overwhelming majority of those asked said that when compared with Bitcoin, they don’t trust Facebook’s Libra coin.…

Bitcoin Survey Shows Major Distrust Abounds for Facebook’s Libra

A new Bitcoin survey asking US citizens about Facebook’s (NASDAQ:FB) new Libra stablecoin has yielded some surprising results. When compared to leading cryptocurrencies, only 2% felt they would trust Libra more than Bitcoin. The results may surprise traders and also raise questions about Facebook’s newest endeavor. Bitcoin Survey A poll of 1,799 US adults was carried out since Facebook launched its Libra white paper in mid-June. The most shocking result was that, as stated, an overwhelming majority of those asked said that when compared with Bitcoin, they don’t trust Facebook’s Libra coin.…