• 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…

  • China's flag and bitcoin
    Asia & Australia,  Bitcoin,  Politics,  Ripple,  United States,  XRP

    Does the White House Prefer XRP to BTC?

    China’s control over Bitcoin network said to make Trump Admin uneasy

    The battle for dominance in the digital asset space just went big. And now it looks like it’ll include political might, too. According to a story in Forbes Tuesday, “Many in the bitcoin and cryptocurrency industry have expressed concern about how much control [mining concentration] gives China over bitcoin, with the Beijing-based Bitmain Technologies mining more than half the world’s bitcoins.” American crypto companies have noticed, as well. In a recent interview in Breaker, Ripple’s Chief Market Strategist Cory Johnson stated that the Trump administration was doing its “homework” regarding China’s dominance over Bitcoin, and more specifically, the mining operations that provide the necessary security for Bitcoin’s blockchain. In recent years China has become…

  • Newspapers
    Asia & Australia,  Bitcoin,  Media,  Politics,  United States

    Must-reads for September 23, 2018: Big Bitcoin bugs, big oil, big hacks, and other big wastes of time

    Here are the crypto stories you should be watching this weekend

    A Major Bug In Bitcoin Software Could Have Crashed the Currency (Motherboard) “On Tuesday, the developers of Bitcoin Core—the software that effectively powers the Bitcoin blockchain—released a new version that patched a vulnerability that allowed a malicious user to crash the network, making everyone’s digital coins effectively useless. The bug has been variously described as ‘very scary,’ ‘major,’ and one of the ‘top three or four’ most serious bugs ever discovered in Bitcoin,” writes Motherboard’s Jordan Pearson. But it’s okay. Everything’s fine now. No need to ever worry about anything ever again. Now where’s our Xanax?   These Oil Traders Are Trying to Overhaul the Industry With a Blockchain Venture…

  • China's flag and bitcoin
    Asia & Australia,  Cryptocurrencies,  Innovators,  Politics

    China declares blockchain evidence to be legally valid

    The cryptocurrency opponent still wants to harness the blockchain

    The Supreme People’s Court of China has formally determined that blockchain-based evidence is legally valid and admissible in court. While its national bank is straight-up proud of its efforts to curb cryptocurrency adoption by its citizens, the country’s judicial system just came out in favor of its underlying technology. A legal spat over copyright infringement between two Chinese companies brought this issue to a head. The plaintiff found the offending material online and took action, hashing the infringement and storing it in a distributed ledger managed by blockchain evidence platform Baoquan. Storing the material in this manner proves the time and date that something happened, giving the courts a chain…