• Mike Lempres
    Innovators,  People,  Politics,  XRP

    Brooks in, Lempres out: Political infighting creates divisions at Coinbase

    Exclusion of No. 2 XRP spotlights growing pains as exchange speeds toward IPO

    WASHINGTON—For the last year or so, people who follow digital currency have been wondering why Coinbase, the largest American digital currency exchange, doesn’t list the XRP token.  And now that XRP has cemented its place as the world’s No. 2 digital currency, its absence on Coinbase is even more eyebrow-raising. With the departure of a key executive, gossip has begun to swirl, with at least one Coinbase insider speculating that the omission is based on crypto politics more than business. The crypto world has begun to wonder if the reason for XRP’s omission has been driven by personal politics rather than business prudence. Let’s review a bit. For almost all…

  • Asia & Australia,  Bitcoin,  Cryptocurrencies,  Ethereum,  Media,  Politics,  Regulation,  Ripple,  United States,  XRP

    Media finally notices that Bitcoin and Ethereum are actually VERY centralized

    US regulators awakening to reality of China’s total mining dominance

    The issue of how to classify and regulate cryptocurrency and blockchain technology is one that has stumped decision makers in Washington. This is unsurprising, given that offices in the Department of Defense were still using 8-inch floppy disks as recently as 2016. But while regulators in DC wring their hands over who has jurisdiction and whether certain coins are securities or not, many crypto observers fear that China, able to move with the speed and certainty of a dictatorship, is emerging as the gatekeeper of crypto. And that dominance is finally starting to rouse Beltway regulators who fear surrendering America’s digital future. Though China has a ban on trading digital…

  • Square's Cash app
    Bitcoin

    Square expanding Bitcoin services on Cash app

    Is this an indication that more businesses will accept bitcoin as a form of payment in the U.S.?

    Square, a company best known for its popular point-of-sale and payment processing suite, announced on Monday that it would be expanding Bitcoin services offered in its Cash app. Thus the No. 1 finance app in the iOS App Store will allow users to buy and sell the cryptocurrency in all 50 U.S. states. This is huge news for the crypto world as it represents a sort of mainstream acceptance after the blow it was dealt in January when Stripe announced it would no longer support Bitcoin payments. To be clear, there is a distinction between the types of services Stripe offered and those that Cash will offer vis-à-vis Bitcoin. Stripe’s…

  • Commentary,  Innovators

    Sparks fly at Fortune’s ‘Making Money Move’ panel in Aspen

    Stripe and Ripple reps throw shade at IBM for buzzword bingo

    At Fortune’s Brainstorm Tech conference in Aspen last week, the state of women in tech was at the front of everybody’s minds. With 245 tweets or retweets mentioning women over the course of the conference, the topic comprised a full 10 percent of the Twitter conversation about the conference: File under: It can be done. Just under half of all mainstage speakers at #FortuneTech were women. — Dan Primack (@danprimack) July 18, 2018 That dynamic set the stage for the conference’s premiere crypto panel. “Making Money Move” featured two female panelists and female moderator Jen Wieczner—a clear indication of the industry’s dedication to break away from its reputation of being…