The Ripple Drop – Episode 9

Welcome to episode nine of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture. Kicking off the new year this month, our show features Chief Technology Officer David Schwartz, Co-Founder and CEO of InstaReM Prajit Nanu and Ripple’s Director of Talent Jim Chauncey-Kelly. First up, Schwartz discusses the XRP Ledger and what he sees as the most important changes over the past year. Next, Nanu talks about InstaReM’s use of RippleNet and how the network benefits both his company and his…

Crypto Exchange QuadrigaCX Files for Creditor Protection

Canadian crypto exchange QuadrigaCX is filing for protection from creditors, a step taken to avoid bankruptcy. In a statement posted to its website nearly a week after the portal became inaccessible, the exchange announced that it had filed “an application for creditor protection in accordance with the Companies’ Creditors Arrangement Act,” as part of a move to “address” financial issues. In its application, QuadrigaCX is asking the Nova Scotia Supreme Court to appoint professional services firm Ernst & Young to act as independent third party to oversee its proceedings. The…

Chainalysis: Darknet Market Activity Nearly Doubled Throughout 2018

Darknet markets are going as strong as ever, if Chainalysis data is to be believed. In its latest Crypto Crime Report, published earlier this week, blockchain analytics firm Chainalysis reports that darknet market activity has nearly doubled throughout 2018. After a slump in late 2017 and early 2018 due to the closure of two major online marketplaces for illicit activity — AlphaBay and Hansa — volume has since almost completely recovered to early-2017’s all-time high levels, surpassing $600 million worth of bitcoin for the year. “Law enforcement has been working…

Germany’s No.2 Stock Exchange Launches Mobile App for Crypto Trading

The operator of Germany’s second-largest stock exchange, Boerse Stuttgart Group, has launched a mobile app for cryptocurrency trading. After a year in development, the firm announced Thursday, the Bison app is now available on iOS 9+ and Android 4.4+ devices in Germany, and will allow users to trade in bitcoin (BTC), ethereum (ETH), litecoin (LTC) and XRP and fund their accounts with euros. The app launches with zero trading fees and also provides a built-in wallet for storing tokens, Boerse Stuttgart said. Users can currently only trade between 6 a.m. and…

Binance Users Can Now Pay for Crypto With Credit Cards

Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has just made it easier for users to buy cryptocurrencies. The exchange announced Thursday that it has partnered with Israel-based payments processing firm Simplex to enable purchases with Visa and MasterCard credit cards. At launch, the exchange is supporting credit card purchase for bitcoin (BTC), ether (ETH), litecoin (LTC) and XRP. These can then be traded against up to 151 other tokens offered by the exchange. “The crypto industry is still in its early stages and most of the world’s…

South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules

South Korea’s top financial regulator has said it will not lift the ban on domestic initial coin offerings (ICOs) after finding that some projects have been violating rules.As ICO investment is a “high risk” activity, the Financial Services Commission (FSC) said, calling on the public to exercise caution when investing in token projects, according to a report from CoinDesk Korea. The FSC decision was informed by the results of a survey conducted by the Financial Supervisory Service (FSS), indicating that some ICOs purportedly conducted abroad had also illegally raised money…

Bitcoin 2019: A Peer-to-Peer Conference for the Whole Bitcoin Community

The first major Bitcoin conference, Bitcoin 2013, was held in San Jose, California. Organized by the Bitcoin Foundation, it was centered on Bitcoin specifically and the more pragmatic issues that Bitcoin was trying to solve, particularly in the areas of Bitcoin technology, Bitcoin mining, Bitcoin business and regulatory issues. Writing for Bitcoin Magazine at the time, Vitalik Buterin commented, “For long-time Bitcoin users, events like this are particularly emotional; here, for the first time, we are able to see fellow Bitcoin users, whom we have loved, worked with and had…

Genesis Capital | Crypto Lending Weathers a Bearish Market

Crypto lending firm Genesis Capital processed $1.1 billion in loans last year. This is according to the company’s recently released ‘Lending Snapshot’ for Q4 2018. Genesis Capital The figure shows the massive growth in processed loans as Bitcoin price fell over 44% in 2018. The first Digital Asset Lending Snapshot was released at the end of Q3 2018. This reported that Genesis processed $553 million in loans from the period starting March 2018. Therefore the most up-to-date figures show that “Q4 loan originations increased more than 100% in the final three months of 2018…

Crypto Hacks Take $1.7 Billion in 2018

Yesterday, a rather shocking cryptocurrency anti-money laundering report was released by the crypto analytics company CipherTrace. This report states that around $1.7 billion worth of cryptocurrency was obtained illegally in 2018. What’s more surprising is that crypto hacks happened three times more than in 2017. No wonder institutional investors don’t want to put big money into the crypto industry yet. Crypto Hacks Worth $1.7 Billion Of the total stolen in 2018, over $950 million was from cryptocurrency exchanges. This is 3.6 times more than what was stolen from exchanges in 2017.…

Bitcoin Price Analysis: BTC at $4,500 Not an Impossibility

Bitcoin Price up 1.8 percent, double-bar bull reversal pattern prints Fidelity Investment custodial services set for March Transactional volumes expected to rise in days ahead Three months after announcing their interest in crypto, Fidelity Investment will set out and roll out Bitcoin custody in three months. No doubt this will easy crypto trading as BTC is usually the base pair as BTC/USD rise from $3,500. Bitcoin Price Analysis Fundamentals Here’s why Fidelity Investments delving into the cryptocurrency world is such a big deal. First, the Boston based firm has over…