"Ripple lawyers will have their hands full that explain the statements of Ripple executives," says Larry Cermak

• "Ripple lawyers will have their hands full that explain the statements of Ripple executives," says Larry Cermak

Larry Cermak, an economics / law analyst and author of theblockcrypto.com, today launched an interesting discussion on Twitter regarding Ripple, XRP and the status of the currency as security.

In the first place, what actually constitutes a security is gone and determined. The question "Has the promoter collected any amount of funds in excess of what might be needed to establish a functional network?" It is one that must be resolved to determine if the token is a security, according to SEC member Hinman.

Citing this as the burning question that hangs from the head of XRP, Cermak dived deep into the statements of Ripple's best dogs and discovered some disturbing tendencies.

In addition to recognizing that Ripple management has repeatedly stated that XRP Ledger is already functional and decentralized, he noted that Ripple Labs still has 55 billion XRPs intending to sell to generate additional revenues. Chris Larsen and David Schwartz gave the "best" quotes that describe Ripple's intention to use their XRP stock to profit in the future, citing Schwartz and his "After all, the reason we're doing is increasing the demand for XRP to increase the value we can extract from our XRP stock "as the most overwhelming evidence that XRP is in fact a security. Cermak ended his Twitter thread with the following:

"As evidenced by their own comments, Ripple is clearly incentivized to increase the value of XRP investments and therefore of XRP holders." The long controversy will probably be decided by the federal court. "In any case, Ripple's lawyers will have their hands full to explain the historical and recent statements by Ripple executives about the relationship between XRP and Ripple and the cryptocurrency. "

You can read the complete discussion, along with an article that elaborates on the quotations and the issues mentioned, Here.

• The HTC Exodus phone starts shipping

HTC has recently announced that they will enter the waters of the cryptocurrency with their new phone, HTC Exodus (marked as HTC Exodus 1). This blockchain-based phone allows its owners to exchange cryptocurrencies, pay for various services with crypto and run dApp on it.

The phone was designed and designed by Phil Chen, HTC's "Decentralized Chief Officer", a developer who previously worked on the HTC Vive VR headset. This first generation of Exodus immediately impresses with its characteristics:

• Display: 6-inch IPS LCD display, 1440 × 3120 resolution
• Durability: IP68 resistant to dust and water
• Chipset: Qualcomm Snapdragon 845
• Operating system: Android 8.1
• Memory and memory: 6 GB of RAM, 128 GB internal memory (not expandable)
• Battery: 3500 mAh battery, USB type-C recharge, quick charge support
• Camera: 16 MP and 12 MP main camera, 8 MP dual camera
• Connectivity: 4G LTE, Bluetooth 5.0, Wi-Fi 802.11 a / b / g / n / ac, dual-band, WiFi Direct, hotspot

One of the flagship applications that will be pre-installed on the phone is called Zion's wallet. This portfolio has a security system separate from Android software (also called "TrustZone Secure Enclave") and allows its owners to use the so-called Social Key Recovery feature in case something happens on the phone. Each Exodus device will act as a node and each user will have his own identity and data, pushing towards a more decentralized system.

Zion will support Bitcoin and Ethereum, as well as Litecoin and several popular ERC-20 tokens on its launch day. Interestingly, Exodus can only be purchased using cryptocurrency.

Exodus 1 can currently be purchased at a price of 0.15 BTC / 4.78 ETH / 19.84 LTC (just over USD 500). This device will target developed markets as Chen and HTC plan to release a cheaper phone for under-counter people from the world's poorest countries.

• Binance lists the Protocol of the Republic (REN)

Popular Chinese / Maltese exchange Binance has added Protocol Repubblica to its trading platform.

Trading for REN / BTC and REN / BNB pairs was enabled on 6/12/2018, 10:00 AM (UTC). As part of the listing process, the Republic Protocol donated 28,000 BNB to Binance's Blockchain Charity Foundation.

The Protocol of the Republic functions as an exchange of open source decentralized dark balances. This means that individuals can trade in any volume size without disclosing details of their transactions. The project seems focused on larger orders, therefore more suited to institutional investors.

Facilitates cross-chain atomic negotiations on an order backlog hidden on the Ethereum and Bitcoin networks. Miners within the protocol execute equation resolution nodes to gain REN tokens and match orders without revealing the underlying exchange until execution.

As such, the Republican Protocol system is able to execute large block orders for the ERC20, Ethereum and Bitcoin pairs; the orders are executed with the minimum slippage of the price and the maximum protection from the front-running.

"The Repubblica protocol guarantees mathematically proven security and privacy up to the execution of dark pools, providing investors and traders with a system for the exchange of significant amounts of cryptographic resources" Binance explains.

• Factom to be used by a Chinese online video performance verification company

Factom has been one of the hottest cryptocurrencies on the market lately, managing to appreciate from $ 4 to $ 16 in the last month or so. This 300% growth surprised many but some investors knew that this currency has a couple of aces up its sleeve.

With Melinda, Bill Gates Foundation and Draper Associates supporting it, Factom's latest growth is not exactly as surprising. Their latest partnership with China will probably help increase growth in the future.

The Board of AIM – quoted FastForward Innovations Limited Company has announced that its investee company Yooya will adopt the Factom Harmony platform as a blockchain solution delivered via Wancloud, the Chinese retailer of Factom.

Yooya is a Chinese company that manages online business-to-business video networks; manages and tracks video content on over 45 Chinese online video distribution platforms, including Youku from Alibaba, iQiyi from Baidu and Tencent Video.

Yoouya will use the Harmony platform to offer its customers experiences of online video content based on public and private blockchains.

Interestingly, FastForward holds a stake in both companies as it holds a 2.06% stake in Factom and a 15% stake in Yooya.