What Causes Ripple Hype? Cory Johnson Gives His Opinion

What causes Ripple hype

Even with its many price fluctuations, there’s been a lot of Ripple hype. What causes Ripple hype? Cory Johnson gives his two cents and we give ours.

Latest Ripple News | XRP Price Analysis 

In 2017, XRP increased in value by roughly 32,000%. So far in 2018, XRP has dropped by 75%. However, the fascination around the digital asset remains. More on that later, though!

Today, XRP is changing hands at $0.543. The coin is 2.80% higher on daily basis. At press time, Ripple (XRP) has a market cap of $21.32B, and a 24-hour ...

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Ripple Price Analysis: June 18, 2018

Ripple price analysis

When it comes to Ripple, there are two things people want to know the most. Either they are looking for a Ripple price analysis, or they are looking to see if Ripple, the software company, announced anything new. Today, we are going to focus primarily on XRP’s market performance.

Ripple Price Analysis: June 18, 2018

Over the weekend, XRP saw some losses. The Ripple price avoided massive drops but did spend the Sunday trading session in a tight range. Yesterday, XRP opened at $0.535 and finished the day at $0.528.

Today, Ripple (XRP) started ...

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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.


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 Pulse, another original and free service from Bitcoin.com.

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All Things Ripple | XRP News, Company Talks India Crypto Ban

XRP news

XRP News – In the past month, the crypto market has taken a bit of a beating. Now, the SEC has deemed that Ethereum (ETH) isn’t a security, and the market is turning around. Bitcoin is up in the past 24 hours, as is Ripple (XRP) and Stellar (XLM). 

In this article, we’re going to look at XRP news. Specifically, XRP price news. Then, to end, we will look at Ripple news —  pieces that have come from the software company. 

XRP News | XRP Daily Chart 

Ripple (XRP) is currently selling for $0.55. ...

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Bitcoin in Brief: Halting 51% Attacks and Where Now for Ripple?

Bitcoin in Brief: An End to 51% Attacks and Where Now for Ripple?

The last 24 hours have been action-packed for the cryptocurrency markets, with digital assets rising off the SEC’s pronouncement that ethereum is not a security. But while most hodlers were toasting the agency’s announcement, one top five coin that failed to respond favorably was ripple. In today’s Bitcoin in Brief we consider where the SEC’s statement leaves XRP and examine a proposed solution to 51% attacks.

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

While Cryptos Leap, Ripple Stagnates

We live in strange times when an agency tasked with stamping out market manipulation is responsible for causing the biggest green candle in weeks. Two years ago, many cryptocurrency traders would have struggled to tell you what the SEC did, let alone named its chairman Jay Clayton. But in this new era of blanket regulation, not only is the crypto community familiar with the inner workings of the US Securities and Exchange Commission, but they’re dependant on it to boost their flagging portfolios.

Bitcoin in Brief: A Solution to 51% Attacks and Where Now for Ripple?

Around the same time an SEC executive was opining that ethereum does not constitute a security, EOS finally reached the 15% voting threshold required to launch the network. This dual infusion of bullish news saw most major cryptos leap in price, with ETH and EOS the biggest beneficiaries. But while crypto hodlers partied, one altcoin community was left to stew in a corner. Ripple has seen a slender increase of just 0.5% in the past 24 hours, as the SEC’s definition of securities has left its status unclear.

Bitcoin in Brief: A Solution to 51% Attacks and Where Now for Ripple?
XRP was one of the few coins that failed to respond positively to the SEC’s news

The full speech from the SEC’s head of the Division of Corporate Finance William Hinman includes a series of questions for identifying whether an asset is likely to be deemed a security. These include:

  • Is there a person or group that has sponsored or promoted the creation and sale of the digital asset, the efforts of whom play a significant role in the development and maintenance of the asset and its potential increase in value?
  • Has this person or group retained a stake or other interest in the digital asset such that it would be motivated to expend efforts to cause an increase in value in the digital asset?
  • Has the promoter raised an amount of funds in excess of what may be needed to establish a functional network, and, if so, has it indicated how those funds may be used to support the value of the tokens or to increase the value of the enterprise?
  • Does the promoter continue to expend funds from proceeds or operations to enhance the functionality and/or value of the system within which the tokens operate?
  • Do persons or entities other than the promoter exercise governance rights or meaningful influence?

It’s unlikely that the SEC is going to start making a habit of naming which coins do and don’t constitute a security. But it’s also unlikely, going by those questions, that ripple could be interpreted as as utility token.

Bitcoin in Brief: A Solution to 51% Attacks and Where Now for Ripple?

An End to 51% Attacks?

Another altcoin that had a very good Thursday was Zencash. It’s bounced back from a recent 51% attack, jumping 17% off the news that Grayscale, led by Barry Silbert, will be making the coin its ninth investment. The group’s portfolios start at $400 million, rising to over $1.2 billion for bitcoin core. The Grayscale news helped the price of ZEN soar, but the more important story was the new whitepaper the team released on Thursday, which has implications for all Proof of Work coins.

Bitcoin in Brief: A Solution to 51% Attacks and Where Now for Ripple?

In the document, Zencash propose 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.

Bestmixer on the Difficulties of Maintaining Anonymity

Bitcoin in Brief: A Solution to 51% Attacks and Where Now for Ripple?
Bextmixer has responded to concerns about its mixing technology

You won’t find KYC on Coinmarketcap, but in the SEC-led compliance era, you’ll find that abbreviation at most on and off-ramps to the world of cryptocurrency. A couple of weeks ago, we reported on Bestmixer, a new bitcoin tumbler trying to restore privacy to cryptocurrency users who desire it. The team behind the project has since contacted news.Bitcoin.com to reassure users that Bitmixer’s coin mixing code is not used to track them.

They explain: “This functionality is necessary for any mixer…without such functionality any mixer can not be considered anonymous…We have to mark transactions because without marking transactions, we would not understand whether it is your money or not when you repeat mixing; it would be technically impossible. Thus, we protect our clients from return of their old coins to them during subsequent mixing. The marking excludes our clients’ deposit from the common pool, so that they can not use it if the BestMixer code is applied.”

They add: “The BestMixer code is necessary to protect a client from getting his old coins back under any circumstances – this is one of the key points on which the system is based. As for the use of the [premium service] Gamma pool there is no need to use the BestMixer code in this pool at all, since it is a separate pool, not tied in any way to either Alpha or Beta pool. How are the funds formed in this pool? It’s either investors’ money or our own reserves. And this pool is really going to be a big problem for startups like Chainalysis.”

Bitcoin in Brief: A Solution to 51% Attacks and Where Now for Ripple?

Today Was a Good Day

All told, this week has ended a lot better than it began for cryptocurrency holders, unless you’re one of the five Floridians indicted for an $800,000 bitcoin home invasion robbery. Elsewhere, with decentralized cryptocurrencies such as BTC and ETH reveling in their non-security status, Xapo relishing its New York Bitlicense, and Zencash hopeful of a breakthrough in defending 51% attacks, there’s a lot of reasons to be cheerful right now. Don’t get too comfortable though: tomorrow’s a new day, with the potential to bring joy or jet lag to the restless cryptocurrency markets. As always, you’ll find the best and worst of it here in Bitcoin in Brief.

Do you think ripple is a security token and what are your thoughts on Zen’s proposal for stopping 51% attacks? Let us know in the comments section below.


Images courtesy of Shutterstock, Zencash and Twitter.


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Crypto Exchange Approved for Regulatory Sandbox License in Bahrain

Crypto Exchange Approved for Regulatory Sandbox License in Bahrain

A Dubai-based cryptocurrency exchange has reportedly become the first crypto exchange in the Middle East and North Africa (MENA) region to receive a regulatory sandbox license. The license was granted by the Central Bank of Bahrain and will take effect this week.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Crypto Exchange Received Sandbox License

The Central Bank of Bahrain (CBB) has reportedly granted a regulatory sandbox license to the operator of Palmex, a Dubai-based cryptocurrency exchange. The Dubai International Financial Center (CPI Financial) elaborated on Tuesday:

Palmex, a professional digital asset exchange powered by Arabianchain Technology, has become the first cryptocurrency exchange in the Middle East and North Africa (MENA) to receive a regulatory sandbox licence.

Crypto Exchange Approved for Regulatory Sandbox License in BahrainAccording to its website, the exchange offers “multiple trading pairs including bitcoin and Dubaicoin DBIX, the first decentralized cryptocurrency in the region,” in addition to ETH, LTC, and XRP. Fees are divided into three tiers based on monthly trading volume.

Venture company Arabianchain Technology is also based in Dubai. “Arabianchain is the first public, decentralized and consensus-driven blockchain in the MENA region,” the company claims.

Crypto Exchange Approved for Regulatory Sandbox License in Bahrain

License Effective June 15

The sandbox creates a virtual safe space for businesses to “trial and refine innovative products, services, platforms and business models in a live but controlled environment…giving regulators time to adapt legislation as needed,” CPI Financial explained. “Companies will also be able to apply to list their tokens and coins with Palmex and benefit from the compliance of the exchange.”

Crypto Exchange Approved for Regulatory Sandbox License in Bahrain

According to Arabianchain’s founder and CEO, Mohammed Alsehli, the company “will start with a limited number of select users to test and optimize the process and then expand to the rest.” CPI Financial wrote:

The licence goes into effect on 15 July as part of a rigorous application process that verified its security systems, policies, processes and controls to protect customers. Whilst in the regulatory sandbox, companies are required to adhere to CBB regulations.

The CEO believes that “a significant rise in awareness and adoption [of cryptocurrency] could be expected, driving a huge spike in the number of trades and token-based fundraising across the region while maintaining the safety of the financial system,” CPI Financial conveyed.

What do you think of the Central Bank of Bahrain granting Palmex a regulatory sandbox license? Let us know in the comments section below.


Images courtesy of Shutterstock, Arabianchain, and Palmex.


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XRP News: Price Continues to Plunge After Coinrail Hack

xrp news

XRP News – Following the news of the Coinrail hack, the crypto market suffered a major dip. This dip has continued well into the week, with numerous coins plummeting Wednesday. Take, Ripple (XRP), for instance. The cryptocurrency is down nearly 10% in the past twenty-four hours. 

In this article, we’re going to be looking at XRP news, as well as noting some recent comments from Brad Garlinghouse, CEO of the company Ripple, about the market.

XRP News | XRP Daily Chart 

Ripple (XRP) is currently selling for $0.52. This is a significant drop in ...

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Swarm is Tokenizing Coinbase, Ripple Shares– Whether They Like it or Not

Cryptocurrency startup Swarm has announced a new security token product that will allow accredited investors to purchase and trade equity in privately-owned tech companies like Coinbase, Robinhood, Ripple, and Didi. Swarm Wants to Tokenize the Equity of Private Companies The product, announced by Swarm on Wednesday, allows investors to pool their assets to obtain private

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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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