XRP is ‘Very Clearly Decentralized’: Ripple CEO Brad Garlinghouse

When Securities and Exchange Commission (SEC) Division of Corporation Finance Director William Hinman gave his opinion this summer that ether — the native asset of the Ethereum platform — was not a security under federal law, he listed among his justifications the fact that, although ether was originally distributed through a token sale, it has … Continued

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Ripple Labs Slapped With Yet Another XRP Lawsuit: Round 4

Ripple lawsuit

Ripple is no stranger to being slapped with lawsuits. Based on yesterday’s announcement, it appears a fourth Ripple lawsuit is underway as well.

Why? And is the coin suffering on the market because of it?

Ripple Lawsuit #4

On Wednesday, Rosen Law Firm announced that it is investigating Ripple Labs.

Similar to the other lawsuits, the New York-based firm announced that it is looking into whether Ripple violated federal securities laws, specifically in connection with its sale of XRP coins.

Moreover, Rosen Law Firm disclosed that it is preparing a ...

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Crypto World Cup Day 20:Brad Garlinghouse vs. Charles Hoskinson

Brad Garlinghouse

Today kicked off the quarterfinals of the Crypto World Cup and boy was the competition fierce! Many big names have already been eliminated, but who will be next? Let’s find out!

Today’s competitors: Brad Garlinghouse vs. Charles Hoskinson & Cameron Winklevoss vs. Satoshi Nakamoto

Check out the eight finalists that made it to the Quarterfinals!

Check Out the Results and Highlights of Today’s Games 

Match 1: Brad Garlinghouse 0-2 Charles Hoskinson

Charles Hoskinson came onto the pitch with guns blazing this afternoon and blew Garlinghouse out of the water. Hoskinson ...

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Ripple Slapped with [Another] Suit Alleging XRP is a Security

Yet another securities fraud lawsuit has been filed against Ripple in California. In the latest suit, the lead plaintiff, David Oconer, is seeking to have the XRP cryptocurrency classified as a security. The case was filed in California’s Superior Court sitting in San Mateo County and has named Ripple Labs, its chief executive officer, Brad … Continued

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Crypto World Cup Update: We are into the Quarterfinals!

Crypto World Cup Quarterfinals

The Crypto World Cup Quarterfinals are finally here!

Well, well, well we have found our final 8!

This year’s knock-out stages were a lot of fun for us watching, not so much for some of our crypto players who suffered devastating defeats (Andreas Antonopoulos anyone? Satoshi Nakamoto’s last-minute winning goal was so incredibly last minute it was hard to comprehend.)

And then there were the penalty shoot-outs — the word “exciting” doesn’t cut it. We had three deciders based on nail-biting penalty shoot-outs: Warren Buffet conceded to Justin Sun, Bill Barhydt to ...

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Crypto World Cup Day 18! The Final 16 Fight

Vitalik Buterin

Welcome to Crypto World Cup Day 18!

We are down to the final 16 and this round gives no second chances; if you lose your match you are out. 

To arrive at the final 16 required tenacity and teamwork; it was a battle of the best and brightest but only the strongest have made it through. 

Today’s two games were Vitalik Buterin v Charles Hoskinson and John McAfee v Brad Garlinghouse

Match 1: Vitalik Buterin 3-4 Charles Hoskinson

What a game. This is the knock-out stage of the ...

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Crypto World Cup: Who’s Out and Who’s Advanced to the Knockout Stages?

Crypto World Cup

It’s here – the moment everyone has been waiting for has arrived!

Group stages of the Crypto World Cup are over, which means we’re moving onto the best part of the tournament: the knockout stages.

No more weak crypto players or unfair matches (though there will be a few: looking at you Andreas Antonopoulos vs. Satoshi Nakamoto). At this point in the Crypto World Cup, we have the best of the best playing against each other. You can count on these games being fast-paced and well-played.

Before we look at the Crypto ...

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Crypto World Cup Day 12: Brad Garlinghouse vs. CryptoYoda

Brad Garlinghouse

Well, that’s it, folks! Day 12 of the Crypto World Cup has concluded, and the competition is heating up. 

Monday’s matches saw Brad Garlinghouse shut out CryptoYoda, putting the Ripple CEO at 9 points. We also saw David Sønstebø defeat Erik Voorhees in injury time, a cruel end to a game that favored Voorhees. Next, Tim Draper and John McAfee faced off in a mediocre game. The day ended with Tyler Winklevoss playing Zhao Changpeng. The game ended in a tie. 

If you’re behind in our Crypto World Cup, you can meet all the ...

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Coinbase Should Add XRP [And It’s Not a Security]: Ripple CEO

Brad Garlinghouse, the billionaire CEO at Ripple Labs, the company that oversees the development of XRP, the $18 billion blockchain network, has said for the first time in public that Coinbase should integrate XRP, the native cryptocurrency of the Ripple network. CEO Says Ripple is Clearly Not a Security In an interview with Jeff John … Continued

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This Week in Bitcoin: An End to 51% Attacks and Who Controls Bitcoin?

This Week in Bitcoin: An End to 51% Attacks and Who Controls Bitcoin?

This week we reported about a suggested solution to 51% attacks, a hacked exchange that was blamed for tanking the market and a cannabis-themed cryptocurrency bringing peace to the world. We also learned, in this week’s most commented-on article, who really controls Bitcoin and why it won’t become a global currency, according to the CEO of Ripple.

Also Read: Get Them While You Can Gamers, Graphics Cards Prices Have Crashed

Hack Takes a Toll on Crypto Markets

The big news on Monday was another hacked South Korean crypto exchange. While the figures stolen were much smaller than past events and the trading venue involved much lesser known, the incident was widely blamed for the drops across the markets due to its timing. The alleged hacker stole $19.5 million in NPXS, $13.8 million of Aston X, $5.8 million in tokens of Dent, over $1.1 million of Tron, and at least five other tokens, all from Coinrail exchange users. Other subjects covered include a hospital where you can pay with tokens and a “blockchain” based cultural center established by a gangster.

POT Prevents Nuclear Armageddon

This Week in Bitcoin: An End to 51% Attacks and Who Controls Bitcoin?The main topic on Tuesday was Potcoin getting global exposure on the back of the nuclear summit in Singapore. The cryptocurrency has been sponsoring the trips of Dennis Rodman to North Korea for a while now and as two of the basketball star’s friends, Donald Trump and Kim Jong-un, met to discuss peace, POT was able to get into the limelight of this histrionic event. Additional stories covered in Tuesday’s edition of Bitcoin in Brief included Coinbase’s plans for adding support for Ethereum Classic (ETC) and the intentions of Binance to enable euro transactions later this year.

Explosive Vote in Crypto Valley

On Wednesday, we reported that authorities in the Swiss city of Zug will ask local residents to participate in a non-binding “blockchain-based” vote later this month. The experiment will be held between June 25 and July 1, when residents will be able to vote via their smartphones. They will be asked if they are in favor of fireworks during a festival, and whether they think digital IDs should be used to borrow books from the library, pay parking fees, and more. In other serious news from the country, representatives of Switzerland’s financial, technological, academic and legal sectors have formed the Capital Markets and Technology Association (CMTA) to facilitate the use of blockchain in financial markets.

Thomson Reuters Expands Crypto Tracking

This Week in Bitcoin: An End to 51% Attacks and Who Controls Bitcoin?On Thursday, it was reported that Thomson Reuters had expanded the market data for the top 100 cryptocurrencies in its sentiment data offerings. The service is provided in cooperation with Marketpsych Data LLC, a leader in quantitative behavioral science. The new Marketpsych Indices package uses machine learning and natural language processing to measure emotional and topical items across news and social media sites that may drive market participant behavior in cryptocurrency markets. It monitors more than 2,000 global news and 800 social media platforms in real-time.

An End to 51% Attacks?

An important story, which has implications for all Proof of Work coins, was covered on Friday. In a new whitepaper, the Zencash team proposes changing Satoshi Consensus, also known as the longest chain rule, to a method that makes it “both technically infeasible and economically disastrous to attempt double spending.” ZEN aims to achieve this by introducing a penalty “in the form of a block acceptance delay in the amount of time the block has been hidden from the public network.” The team now hopes that other PoW coins will adopt this proposal with a view to mitigating further 51% attacks.

Crypto Behind Bars

An interesting story published on Saturday talked about a new cryptocurrency designed to be used by prison inmates. Prisoners will be able to use the crypto through kiosks that will be installed in the prisons as part of the project. This will allow them to spend their coins in the prison commissary, cover court costs and fees, pay other inmates, and receive money from friends and family. Each user will have a digital wallet to store their funds. Transactions will be made in real time and at minimal fees, Cellblocks claimed.

Bitcoin Controlled by China?

This Week in Bitcoin: An End to 51% Attacks and Who Controls Bitcoin?The most commented-on article during the week covered the claims by Ripple CEO, Brad Garlinghouse, that BTC has no hope of being a world currency and is controlled by China. “A number of prominent people,” he said, “even Steve Wozniak, has said that he sees a world where Bitcoin is the primary currency. I think that’s absurd. I don’t think that any major economy will allow that to happen. By the way, it doesn’t make sense.”

Garlinghouse added: “I’ll tell you another story that is underreported, but worth paying attention to. Bitcoin is really controlled by China. There are four miners in China that control over 50% of Bitcoin. How do we know that China won’t intervene? How many countries want to use a Chinese-controlled currency? It’s just not going to happen.” Has the Ripple CEO given an impartial analysis? Add your say to the discussion.

This Week in Bitcoin Podcast

Catch the rest of this week’s news in the This Week in Bitcoin podcast with host Matt Aaron.

What other stories in the Bitcoin world caught your attention this week? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


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The Crypto World Cup: Meet the Players, Guess Who Wins

Crypto World Cup

It’s time for the next saga in our crypto game adventures – the Crypto World Cup! The world of crypto has a lot of big names. It’s about time they faced off with one another. Who will come out on top?

Let’s meet the players!

Crypto World Cup: Who’s Who

Our crypto representatives come from all walks of crypto – token developers, crypto advocates, analysts, even some crypto naysayers.

All of our fabulous crypto representatives were assigned randomly to a country playing in the FIFA World Cup. Their progress in the Crypto ...

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Bitcoin Is Controlled by China, Won’t Disrupt Banks: Ripple CEO Brad Garlinghouse

It might be an overstatement to say that Brad Garlinghouse has been on a bitcoin-bashing tour — he is, after all, a bitcoin investor himself — but it’s undeniable that the Ripple CEO has used the recent market downturn as an opportunity to throw shade at the flagship cryptocurrency. The latest jab came this week … Continued

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Ripple CEO: Bitcoin Controlled by Chinese, Absurd to Think it Could be Primary World Currency

Brad Garlinghouse, Ripple CEO, answered candidly during an interview about crypto’s prospects for the future. Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners and has no hope of being a world currency.

Also read: Crypto and Virtual Reality Meet in Ken Liu’s Science Fiction

Ripple CEO Bashes Bitcoin

Attendees of the 2018 Stifel Cross Sector Insight Conference in Boston yesterday were probably expecting to learn more about Ripple, the world’s third most popular cryptocurrency by market capitalization. After all, none other than company CEO Brad Garlinghouse was guest of honor for an interview with Stifel Tech analyst Lee Simpson. And while Ripple certainly was the hot topic, Mr. Garlinghouse also took the opportunity to bash its main decentralized competitor, bitcoin core (BTC).

“A number of prominent people,” Mr. Garlinghouse explained, “even Steve Wozniak, has said that he sees a world where Bitcoin is the primary currency. I think that’s absurd. I don’t think that any major economy will allow that to happen. By the way, it doesn’t make sense.” Indeed Woz has said as much, as have Twitter and Square CEO Jack Dorsey, who predicted it would happen within the decade.

Ripple CEO: Bitcoin Controlled by Chinese, Absurd to Think it Could be Primary World Currency

Brad Garlinghouse, 47, has held his present position since 2015. His professional background is almost all technology related. Stints with Yahoo!, AOL, working in the investment arena with the likes of Silver Lake Partners, @Ventures, @Home Network, SBC Communications, all round out his experience prior to Ripple.

His views about BTC and its eventual influence have found him very quotable of late, especially this month. He’s spent a great deal of time attempting to separate the coin aspect of Ripple (XRP) from the company itself, and this has lead to some interesting juxtapositioning in his method of argument.

BTC Blockchain Not Disruptive, Chinese in Control

During the Boston interview, he even took on the sacred cow of the corporate world, BTC’s distributed ledger technology. “There’s a lot of blockchain craziness, but there are three indicators of market winners. Blockchain will not disrupt banks […] it will play an important role in the way our system works. It’s a short-sighted view […]. Bitcoin is not the panacea we thought it would be.”

Mr. Garlinghouse then compared XRP to BTC. “This is how liquidity will be managed in the future. Bitcoin today takes 45 minutes to settle a transaction. Banks will use what is efficient and cheaper. And if you deliver a better product at a better price […] they will use it.” Ripple CEO: Bitcoin Controlled by Chinese, Absurd to Think it Could be Primary World Currency

An under-reported story, Ripple’s CEO insisted, is how BTC is “owned by China.” He noted, “The smartest thing you’ve done is not have ‘bit’ or ‘coin’ in your name. I’ll tell you another story that is underreported, but worth paying attention to. Bitcoin is really controlled by China. There are four miners in China that control over 50% of Bitcoin. How do we know that China won’t intervene? How many countries want to use a Chinese-controlled currency? It’s just not going to happen.”

Lastly, he assured, “I own bitcoin. Many people consider it as digital gold. I acknowledge, I’m long [on] crypto. I’d advise folks to only invest in crypto only what you’re willing to lose. It’s early to tell how it is going to play out. I think it’s a pretty good investing strategy. I don’t think about the digital asset market. I think about the customer experience. There are millions unbanked or underbanked. When I think about the transformation, it is fundamentally changing the way millions participate in banking. We can fundamentally change the way this works, to bring an entire population up a step in the system.”

Do you think Ripple’s CEO is correct? Let us know in the comments. 


Images via the Pixabay.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Bitcoin isn’t a Panacea, XRP is Better than BTC – Brad Garlinghouse says

Bitcoin isn't a Panacea

Bitcoin (BTC) is a perfect store of value, but it’s not a Panacea that could solve all the global financial problems, according to Ripple CEO Brad Garlinghouse.

Brad Garlinghouse – who previously predicted that only a few altcoins would exist in the next few years, now says Bitcoin doesn’t have the potential to become the global currency. The CEO, however, thinks Bitcoin will continue to work as the store of value; saying “We as a world have decided to store the value to the tune of about $130 billion… that’s a store of value. It’s hard ...

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Will a Dozen Banks Start Using XRP in 2019? Ripple CEO Says Yes

Banks to use Ripple

Banks to use Ripple: It is a sea of green on the crypto market today! Which, considering the past few weeks, is relatively nice to see. Bitcoin (BTC) may still be below the $8,000 mark, but Ripple (XRP) is up nearly 5%. You win some, you lose some, right?

In this article, we’re going to be looking at XRP price news, as well as generic Ripple news. Thanks to Brad Garlinghouse — the Ripple CEO, there’s a lot of the latter. 

Ripple News | XRP Price News 

Ripple (XRP) is currently selling for $0.67. ...

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