Tagripple

Ripple Drama Continues as Company Sends Cease and Desist Letter To Former Board Member Jesse Powell

Ripple Drama Continues as Company Sends Cease and Desist Letter to Former Board Member Jesse Powell

Ripple is having a very messy week. First, co-founder Jed McCaleb publicly decided to liquidate his XRP, which comprised 20% of the entire market cap. Unsurprisingly, the price fell by over 50% during the subsequent 48 hours. After McCaleb's decision to sell his XRP holdings, Kraken CEO Jesse Powell announced his resignation from the Board of Ripple Labs in a candid post on the /r/Ripple...

Ripple Board Member Jesse Powell Resigns in the Wake of Founder Sell-Off

zcash delisted from coinbase uk

When it rains, it pours, especially when it is raining bad news. If Ripple investors didn't believe that before, they certainly do now. Just yesterday, CCN reported that Ripple Labs co-founder Jed McCaleb decided to sell the entirety of his XRP stock, which decreased the XRP exchange value by an astounding 40% in less than 24 hours. Now, a board member has resigned, leaving investors anxious...

Ripple Co-Founder Jed McCaleb Announces Sell Out

Jed McCaleb, co-founder of Ripple Labs (formally OpenCoin), announced on Wednesday that he will be selling the entirety of his XRP holdings, resulting in a 40% loss of exchange value over 24 hours. McCaleb began his message by recounting his history with OpenCoin, and revealing roughly how much XRP he controls, I started working on ripple in the summer of 2011. I soon hired Arthur and David to...

Two New Projects Aim to Combine Gold with Bitcoin Payment Technology

Gold Backed Bitcoin

Although there has been a lot of talk about backing Bitcoin payment with gold or other assets in the past, there are now two separate projects attempting to turn this idea into a reality. Plenty of people out there believe that there is no intrinsic value behind bitcoins, which is why they want to see some kind of real asset backing a new digital currency. There aren't many people who would...

Audit shows Kraken's reserve covers all balances

kraken audit shows exchange covers all balances

Bitcoin exchange Kraken has announced it has passed an audit that proves that more than 100% of Kraken's Bitcoins are held in reserve. The whole process shows that Kraken owns the amount of Bitcoins required to cover an anonymized set of customer balances. Improve overall confidence The audit was conducted by Stephan Thomas, CTO of Ripple Labs. Thomas made a post about him performing the audit...

Ripple vs Open Transactions: Which Platform is the Future of Payments?

Ripple vs Open Transactions

Many people in the Bitcoin community have heard about Ripple and Open Transactions, but it seems that these two projects are rather difficult to understand. Most people understand the basic idea of these payment systems allowing Bitcoin-esque frictionless payments for more traditional currencies, but the details of each plan can get rather confusing. People get excited at the prospect of using...

AB 129 Is Not California Law Yet... The Remaining Steps Before "Bitcoin Becomes Legal In California" And How You Can Help

california state bitcoin

A top post on /r/Bitcoin at the moment has quite the misleading title.  The specific document linked is merely the latest revision of the bill with analysis from the State Assembly's Banking and Financial Institutions Committee and dates to 1/23/14.  The post has caused many to mistakenly believe that either the bill has become a law or the bill has been passed and is awaiting signing to become a...

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