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- Ripple CEO states that banks will retain cryptography for their customers in 2019
Brad Garlinghouse, Ripple's CEO, said he thinks that banks hold cryptographic assets on behalf of their clients as early as 2019.
He revealed this belief during his speech at the Singapore FinTech Festival of this year 2018, arguing that the only thing that prevents "real-world" financial institutions from performing these services is the lack of regulation. Once the regulations are resolved, Garlinghouse believes that many banks will hit the opportunity to get a piece of that encrypted cake.
"I think one of the things that will surprise us for a year now is that the banks will guard digital assets directly and I think that right now we think about it and we think it's not going to happen that way – they're too conservative And I think what you're seeing are two things that happen: one is: the banks are seeing that a lot of money is made from digital goods exchanges globally, and the banks are motivated by profit.The second is clarity legislation and regulatory frameworks (that) allow banks and financial institutions to look into these markets " Garlinghouse explains his reasoning.
He also added that he sees banks from ASEAN countries as the bearers of this new wave of crypted bank deposit services. The countries of ASEAN (or the Association of Southeast Asian Nations) have shown in the past their willingness to consider cryptocurrency as something worthy of their long-term interest.
- EOS block producer accused of voting for the purchase
Youtuber Crypto Tim has published a short video describing how a new player in the race of block makers EOS is breaking the constitution of the project by implementing a practice that is actually gaining votes.
The BP in question is called Starteos and the problem in question is related to the way this project intends to "motivate" the community to vote for them.
The controversial plan was published on this (written rather battered) on 27 Novemberth Average post made by the budding block producer.
Starteos says it intends to introduce a feature called EOS mining, which will allow people to earn two types of revenue, mining revenue and gaming revenue. These revenues will only be paid to the people who delegate Starteos as a producer of blocks and from the block that produces prizes Starteos starts earning when he is elected.
And although this is clearly not a practice that directly offers EOS money to vote, it is certainly not far from that. And apparently their tactics are working, as the project managed to enter the top 10 of EOS block producers. The user of Reddit, Slippyslavy, has better summarized the project's adhesion to its own constitution:
"Do not worry, the other block makers will vote for the bad actor." LOL … "
- Litecoin transaction of $ 1.1 billion in a single day
Users of Litecoin and its network have recently been shaken by what some hypothesize to be a latent LTC whale.
The Coin network has seen fairly low levels of action in these past weeks before a single actor decided to start throwing his weight.
The data provided by BitInfoCharts show a single portfolio that sends around 12 million LTC to more than 40 different portfolios, with each portfolio receiving transactions of exactly 300,000 LTC. At the time, each of these wallets was worth around $ 10 million, with the total amount transferred from this entity to almost $ 400 million. The entire network saw an increase in activity as a result of this move; at the end of the day, we recorded transactions worth around $ 1.1 billion of LTC.
Some theorize that the move was made by an exchange that tries to move their LTC customers into cold storage. Others believe that this may have been done by an institution like Bakkt or Fidelity who are creating their own crypto funds before launching their trading platforms. Finally, some think that a whale that until that moment was inactive has decided to mix its properties.
It is unclear which of these theories best fits what exactly happened here. All we know is that a single entity controls over 15% of Litecoin's network.
- ARK announces its desktop wallet v2
After officially launching its update on the ARK Core v2 mainnet, the project has also implemented the new set of support features.
A version that should be of interest to most people is probably the ARK v2 desktop wallet that has been "rewritten, updated and full of some interesting new features".
By bringing a new, more fluid, v2-ready codebase written with VueJS and TailwindCSS, the wallet comes with BIP38 passphrase encryption and allows users to set their own rates.
The wallet has many other important features:
- Latest news: a new feature that allows you to read fragments of news within the portfolio. Get all the latest news related to ARK without leaving your wallet.
- Profiles: we added the creation of profiles to the desktop portfolio in order to create different profiles.
- Market chart: similar to our exploration and mobile portfolio we have incorporated a new market table within the portfolio.
- Transaction data in the portfolio – clicking on a transaction within the portfolio now opens a modal to show more details.
- Identoni: each ARK portfolio is represented with a unique identifier so that it can be more easily distinguished.
- Up-to-date signature: the signature and verification of messages have been improved for a better user interface experience.
Check the official project blog post for more information on the portfolio.
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The writers and authors of CapitanAltcoin may or may not have a personal interest in any of the projects and activities mentioned. None of the contents on CaptainAltcoin is an investment advice, nor does it replace the advice of a certified financial planner.
The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
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