The news cycle remains more interesting than current market price movements. This Wednesday was mostly dominated by news about the exchange, with a couple of Ripple stories sprinkled here and there. The most interesting curiosities we found are the following:
- An 800-pound gorilla closes Swell 2018
To close their much-cited Swell 2018 conference, Ripple held a final panel entitled "The 800 pound gorilla". The group presented representatives of two of the companies that started using xRapid (Brad Ganey, COO of Catalyst Corporate Federal Credit Union and Nicolas Palacios, CFO of Cuallix), Kwon Park, head of business development at Bittrex and Alfredo O & # 39; Hagan, SVP of payment services at IDT (a telecommunications company that has tried xRapid services in the past). The panelist has touched several 800-pound gorillas, including rooted payment systems, lack of cryptology and government regulation.
- Garlinghouse states that XRP is decentralized, again
In an interview with Cheddar's financial outlet, Brad Garlinghouse, Ripple's CEO, reiterated once again that XRP is decentralized.
Ripple's CEO, Brad Garlinghouse, responds to the critics #XRP it is not decentralized and it is not a true cryptocurrency: "It is very clearly decentralized, I as the company's CEO can not control the register of the XRP".#SwellbyRipple #Ripple #xrpthestandard pic.twitter.com/HFanjmJjTV
– (@BankXRP) October 2, 2018
And while arguments can be made that can not directly control the ledger, the problem of Ripple holding large sacks of XRP and the XRP register that is maintained by a rather centralized node network (which belongs to Ripple) is one on which reflect.
- The price fades as Swell 2018 progresses
The third most important cryptocurrency in the market fell to $ 0.52 today, managing to lose 13% during the Swell 2018 conference. It seems that the "starry" formation of Bill Clinton, Gene Sperling, Brad Garlinghouse and others, as well as the The official introduction of xRapid has done little to convince the owners not to sell their bags. XRP is currently down 80% from the first year when it managed to record an ATH of $ 3.92.
In collaboration with BitTorrent, Tron launched what he decided to call Project Atlas.
"Project Atlas will connect the BitTorrent peer-to-peer network and the TRON blockchain network through a series of bittorrent protocol extensions, a custom token and an in-client token to address existing boundaries and open a new boundless economy for the exchange of value for IT resources on a global scale " supports the official description of this effort. The project introduces Tron's cryptocurrency to BitTorrent users, trying to reward people who sow their torrents longer with TRX tokens. This should benefit the file sharing industry as files will become easier to download.
- Binance enters the securities business
One of the most praised exchanges out there, Binance has announced a strategic partnership with the Malta Stock Exchange to develop a new platform that will act as a security token exchange and a decentralized bank within the country. Considering the special conditions relating to securities trading, the new Binance platform will probably present the default KYC / AML registration. The platform will probably have a user interface similar to that currently present in the exchange.
- Maduro announces the launch of Petro
The launch of the issued government, allegedly Petro Venezuelan cryptocurrency Petro was officially confirmed by the country's president Nicolas Maduro. Maduro argues that the launch of the cryptocurrency was designed to overthrow the "money mafia", which the state claims has caused the country's rapid inflation with its black market currency / resource trade. The currency will be used both as a means of payment with Venezuelan sellers and as a means of payment in Venezuelan banks. The cryptic community has rather rejected this cryptocurrency as a scam, arguing that this is just another attempt to centralize the Venezuelan economy.
- Coinbase could reach the $ 8 billion valuation with this new investment
Recode reports that Tiger Global, a hedge fund U.K. which invests primarily in global consumer brands, is considering a $ 500 million investment in Coinbase. This investment would increase the value of the startup to $ 8 billion, making it one of the most valuable start-ups in the United States and giving more legitimacy to the cryptocurrency markets in general. Just a year ago, the value reported by Coinbase was around $ 1.5 billion.
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.