Blockchain Firm Ripple Fuses xRapid, xVia and xCurrent into RippleNet

Ripple, the blockchain firm behind crypto asset XRP, fused three of its services into features of its RippleNet offering. Industry news outlet CryptoNews reported the change in Ripple’s product offering on Oct. 9. Little more than the names changed Per the report, a company’s spokesperson explained that now, “instead of buying xCurrent or xVia, customers will connect to RippleNet — on-premises or through the cloud — and instead of buying xRapid, clients will use On-Demand Liquidity.” The Ripple representative also said: “Other than the names of the product, very few…

Next Bitcoin Halving May Not Lead to Bull Market, Says Bitmain CEO

Jihan Wu, co-founder and CEO of Chinese mining giant Bitmain, believes the next Bitcoin (BTC) block reward halving may not lead to a bull market, but the coin’s price will grow in the long term. According to Chinese industry news outlet 8BTC’s report published on Oct. 11, Wu made his remarks during the World Digital Mining Summit held in Frankfurt.  Bulls may be late this time Per the report, Wu explained that the crypto market moves in cycles and this time the next bullish phase may not start after the…

SEC Turns Down Bitwise Bitcoin ETF Trust Despite Compelling Case

Bitwise Asset Management, a key player in the global crypto space that is revered as the leading provider of beta funds and index for the crypto ecosystem, has been in the race for a Bitcoin ETF since January 2019. Like most top shots looking for own their Bitcoin ETF, the firm filed with the United States Securities and Exchange Commission (SEC) for the right to a Bitcoin ETF. Filed on January 9, 2019, the SEC passed its final judgment on Bitwise ETF application earlier in the week, turning it down…

We Are Very Careful About Where We Offer Cryptocurrencies

Kathleen Murphy, personal investing president of American financial services company Fidelity Investments, has said that the firm does not offer cryptocurrencies on retail trading platforms to protect its clients. Murphy voiced this sentiment during an interview with CNBC published on Oct. 11. After the interviewer asked when she expects users to trade cryptocurrency “in a meaningful way” on Fidelity’s platform, Murphy replied: “You know, we’re really careful about that. So while we embrace crypto in terms of trying to understand it and be innovative and thoughtful… We’re also very careful…

Xpring Investment Brings XRP to 2.5 Mln Wallet User Base

The recent Ripple investment and acquisition drive continues unabated with mass adoption in mind as they join forces with BRD wallet. Originally designed for Bitcoin storage, BRD’s 2.5 million wallet users can buy, store and sell ETH, DAI Bitcoin cash and now, XRP. The Ripple team have not only endorsed us socially but internally have been there to make this partnership as beneficial as possible, which includes looking to make BRD the cheapest and easiest place to buy XRP. These types of relationships are extremely important for not only moving…

Solidifying the Investment Thesis for Bitcoin with Statistical Data and Qualitative Metrics

The store of value narrative for Bitcoin has been gaining a solid amount of traction over the years, notably naysayers have used the supposed lack of solid data to deny the benefits of Bitcoin in an investment portfolio. New research from VanEck suggests that this is completely wrong, as there are various measures – including statistics – that reinforce the store of value narrative, October 8, 2019. Formulating the Ultimate Proposal Rule #1 of investments is to never put all your eggs in one basket i.e. diversification. This helps reduce…

TZero-Backed Startup Wants to Launch Security Token Market

Boston Security Token Exchange (BSTX), a platform jointly owned by BOX Digital Markets and Overstock’s blockchain arm tZERO, has filed an application with the United States Securities and Exchange Commission (SEC) to approve the launch of a market for publicly traded registered security tokens. In the rule change proposal released by the SEC on Oct. 11, BOX asks the commission to “adopt rules to govern the trading of equity securities on the Exchange” which “would operate a fully automated, price/time priority execution system for the trading of ‘security tokens.’” Establishing…

PoS Will Make Ethereum More Secure Than Bitcoin, Says Vitalik Buterin

After the proof-of-stake (PoS) consensus algorithm will be implemented in Ethereum’s (ETH) blockchain, it would become more secure and costly to attack than Bitcoin (BTC), co-founder Vitalik Buterin has stated. Buterin has voiced this opinion during Devcon 5, the Ethereum developers conference that took place in Osaka on Oct. 8–11. He specifically noted that — after the transition to PoS — higher cost of a potential attack would make Ethereum the safer network of the two. Some men just want to watch the blockchain burn Buterin started his presentation by…

4 New High-Powered Bitcoin Miners Revealed

Bitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month. Also Read: Mining Firm Canaan Creative Secures Hundreds of Millions of Dollars in Funding Bitmain and Canaan Introduce Bitcoin Miners That Process 70 Terahash per Second The 2019 World Digital Mining Summit (WDMS) has finished after hosting a large event filled with digital currency miners from all around the world. Many businesses and mining operations…

Coinbase Gets E-Money License In Ireland, Expanding European Foothold

Coinbase is expanding its European foothold with an e-money license from the Central Bank of Ireland. “One of just a few companies” On Oct. 11, Zeeshan Feroz, the CEO of the United Kingdom arm of San Francisco-based cryptocurrency exchange Coinbase, announced that the exchange had become “one of just a few companies,” to have received an e-money license in Ireland. Coinbase opened its first office in Dublin, Ireland, in October 2018 to help expand its operations in Europe and as a contingency plan for when the U.K. leaves the EU.…