• Ripple wins big
    Regulation,  Ripple,  XRP

    Ripple scores big win over weekend

    Judge throws out nearly all of the claims in a class action suit calling XRP an unregistered security illegally and fraudulently sold by Ripple

    On Friday night, a major ruling in the class-action suit against Ripple came out and it was a clear victory for the San Francisco-based blockchain payments firm – a clean win on two of the three issues before the judge, plus a near-win on the third.

  • People,  Technology

    EXCLUSIVE: Stanley Yong, IBM CTO, departs Big Blue

    After Jesse Lund exit, a blow to IBM blockchain ambition and Stellar partnership

    Just two weeks after IBM’s blockchain ambitions fell into doubt with the mysterious departure of Jesse Lund, Big Blue is set to lose another key advocate for the space. Modern Consensus has exclusively learned that Stanley Yong, the company’s Global Lead on Central Bank Digital Currency Solutions, is leaving the company.

  • Kik loses SEC suit
    Bitcoin,  Ethereum,  Politics,  United States

    Timing of Coinbase move to add Ethereum Classic raises eyebrows

    Token joins coveted shortlist but causes some to wonder about a heads up from SEC

    Holders of Ethereum’s ether token () breathed a sigh of relief last Thursday when William Hinman, the SEC’s director of corporate finance, announced at a Yahoo Finance summit that ether is not a security. Many were not just heartened by the development but surprised, since the currency had clearly been released as a way to fund operations, which those following the developing regulatory picture consider a warning sign. But at least one party with a lot riding on Ethereum’s success doesn’t seem to have been caught off guard. Coinbase, the largest U.S. exchange, appears to have been anticipating the move, leading some industry insiders to wonder just how closely the…

  • Asiff Hirji, Emilie Choi, and Brian Armstrong
    Cryptocurrencies,  Innovators

    Exclusive: Coinbase set to acquire SF startup Koding

    Fast-growing exchange adds to talent pool with code collaboration platform

    Coinbase, the San Francisco-based digital currency exchange, is firming up an offer to acquire Koding, the cloud-based developer platform that allows coders to collaborate remotely in real time, Modern Consensus has learned. Koding’s technology is well-regarded among the San Francisco VC community, though it’s unclear how rosy its business prospects would be as a stand-alone enterprise. The company claims to have more than 1 million users worldwide. Its premise of real-time matching a person with an idea in, say, Germany with a Python coder in Sri Lanka has attracted early funding from RTP Ventures, Greycroft, Matrix and Khosla. Now, according to sources interviewed by Modern Consensus, Coinbase is in the process of…