Ripple (XRP) Just Broke $0.27 and $0.30 Is Imminent, Here’s Why

Ripple stared a strong rise from the $0.2460 support area against the US Dollar. XRP price rallied around 8% and it seems like it could soon climb towards $0.3000. Ripple price is up around 8% and it broke the $0.2700 resistance area against the US dollar. The price traded to a new 2020 high at $0.2760 and it is currently consolidating gains. There was a break above a couple of breakout zones at $0.2520 and $0.2650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…

Craig Wright ‘Abusing’ Privilege to Block 11,000 Documents, Kleiman Lawyers Say

Lawyers representing the brother of Craig Wright’s deceased business partner have accused the Australian entrepreneur of “abusing” client-attorney privilege to withhold documents and “obfuscate” trial proceedings. In a memorandum filed Sunday at the Southern District Court of Florida (see below), the legal team representing Ira Kleiman – who is suing for $10 billion in bitcoin – has challenged Wright’s “illusory” assertion that more than 11,000 company documents are inadmissible in court because they come under attorney-client privilege. “Craig [Wright] has improperly withheld documents as privileged,” stated Kleiman’s counsel in the case…

Salesforce and Samsung Add to Earlier $35M Investment in Digital Asset

Venture arms for Salesforce and Samsung participated in a second Series C funding event for a startup called Digital Asset.  After gathering $35 million in its first Series C raise that ended in December 2019, Digital Asset decided to run another round, a Feb. 4 press release read.  This second Series C funding attracted investment from Samsung Venture Investment Corporation and Salesforce Ventures, among others.  “Salesforce Ventures and Samsung joining our Series C financing round demonstrates the potential that technology giants see in DAML as the standard for smart contracts,”…

Crypto Companies Adopt Features Similar to Banks (Only Better) to Drive Growth

Cryptocurrency exchange Deribit recently published an analysis explaining that cryptocurrency companies are racing to adopt financial services known from legacy finance.  The post points out that all crypto companies, exchanges included, will soon offer users interest accounts, cost-effective ways to perform transactions, and tax services. Throughout his post, he explains why these features, along with others, will become a standard offering for exchanges in the next 2 years.  Adoption is well underway The crypto community is already seeing a number of companies adopt features that traditional financial institutions offer. The…

Block.one Puts $200,000 Up for Grabs in Puzzle Smart Contract Challenge

Block.one announced a smart contract blockchain puzzle, touting a $200,000 prize for whoever figures it out.  “In this challenge, participants must create an EOSIO Smart Contract which can store and invoke EVM (Solidity) Smart Contracts in a virtual Ethereum-like environment,” a Feb. 3 announcement on EOSIO’s DevPost detailed.  EOSIO platform Built by a company known as Block.one, the EOSIO blockchain hosts the EOS crypto asset. As a delegated proof-of-stake blockchain touting smart contracts, developers can build decentralized applications on EOSIO. The competition will expire in one year if no one…

What Is Going On With Jae Kwon and Cosmos?

“If something should happen to me, be critical and share your opinions respectfully. But everything I’m doing is in fact making me a target,” Jae Kwon, the main architect of the Cosmos protocol, wrote on Twitter on Jan. 21. Kwon’s varied fixations have been a topic of conversation among crypto-community insiders. But it’s been much more than idle chatter for the staffers of the startup building the software that makes Cosmos work. Internal tensions have begun to spill out into public view, precipitated by a story from Decrypt on Jan.…

Binance Launchpad Reveals WazirX Sale Results

Binance Launchpad, as the name suggests, is Binance’s token launch platform, which has just announced WazirX’s token sale results. It is the first token sale of this year.   According to a Feb. 4 press release from Binance, there were 10,000 winning tickets held by a total of 9,033 winners. More than 20,000 users participated to try to win the lottery. Eventually, more than 136,000 tickets were claimed. Chances of winning for all the participants are at 44 percent and this also puts the percentage of winning tickets at 7.31%.   The…

Consensys Cuts Additional 14% of Staff, Aims to Split

Blockchain software company Consensys let go of an additional chunk of its staff while splitting its focus in two separate directions.  Consensys cut its employee base down by roughly 14%, the company announced on Feb. 4 in a press release.   Headquartered in New York, Consensys has also decided to split the company. Part of the operation will continue in the software sector while the other part pursues investment endeavors, the press release said. More layoffs Job cuts are nothing new to Consensys as the company previously headlined multiple stories regarding…

Mastercard CEO Reveals Why His Firm Quit Libra Over Several Red Flags

Mastercard CEO Ajay Banga says his company left The Libra Association after his attitude towards the project deteriorated over proposals to link the coin with its own built-in wallet, Calibra, as well as the lack of a clear business model. In an interview with the Financial Times, the payment services chief, who has headed up Mastercard since 2009, described the various red flags that led to his decision to pull the company from the project. “It went from this altruistic idea into their own wallet. I’m like: ‘this doesn’t sound…

Iowa Caucus App Fiasco Shows Need for Open Source Transparency

The Iowa caucuses were thrown into disarray as reports surfaced that a secretive app used to tabulate the results and report them to Democratic Party officials was reporting only part of the required data. Although the app had been developed to improve efficiency in communicating the final caucus tallies, it ended up causing significant delays. And, according to security experts, the incident served to highlight the risks of relying on digital systems and the centralization of information, and a lack of transparency regarding these systems.  On Tuesday morning, Iowa Democratic…