• 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…

  • Ripple (XRP)
    Innovators,  Ripple

    Ripple has new CTO, biz dev director

    Two new spots have been filled at the FinTech company

    Ripple announced a couple of additions to its leadership team on Wednesday. First, it went in-house to replace former CTO Stefan Thomas. In a blog post today, CEO Brad Garlinghouse announced that David Schwartz, the crypto-financial company’s chief cryptographer, will take on the C-suite role. Schwartz is an influential member of the crypto community for some time. His Twitter account, @JoelKatz, has 103,000 followers. In May, Thomas left the company after half a decade to start a Coil, a micropayments platform for content. At Ripple, he created its first client application and its platform for smart contracts. Coil is built on the XRP Ledger. Notably, Garlinghouse’s statement said: “Schwartz’s team…