Day: October 1, 2018
Business

ShapeShift CEO Erik Voorhees Refutes WSJ Reports of ‘Dirty Money’

[ad_1] Cryptocurrency exchange ShapeShift has refuted a recent Wall Street Journal report that $9 million in ill-gotten funds went through the exchange, according to an announcement published October 1.On September 28, WSJ released an article dubbed “How Dirty Money Disappears Into the Black Hole of Cryptocurrency,” alleging that $88.6 million in fraudulently obtained funds had been funnelled through 46 crypto exchanges, wherein $9 million was laundered through ShapeShift. To analyze
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ALTCOIN

EOS Developer Acknowledges Claims of ‘Collusion’ and ‘Mutual Voting’ Between Nodes

[ad_1] Block.one, the developer of blockchain protocol EOS, has published a statement on EOS public blockchain governance in an official Medium post October 1, signed by Block.one’s CEO, Brendan Blumer.In the statement, Blumer states that the company is “aware of some unverified claims regarding irregular block producer voting, and the subsequent denials of those claims.”Without providing any details on the “denials” of allegations, Blumer stated that EOS will continue to
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BLOCKCHAIN

‘Permutations and Possibilities of Blockchain are Staggeringly Great’

[ad_1] Former U.S. President Bill Clinton said that the “permutations and possibilities of blockchain technology are staggeringly great,” at Ripple’s annual Swell conference in San Francisco on October 1.Following a keynote address at the event, Clinton spoke with Gene Sperling, who was his economic advisor from 1996-2001, where they covered a range of topics from foreign policy and cultural issues to blockchain and cryptocurrency investing and banking. Clinton said:"This whole
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Business

Ripple’s xRapid Payments Solution is Now Commercially Available

[ad_1] Ripple’s real-time settlement platform xRapid is now commercially available, according to an announcement published October 1.xRapid is a platform designed to speed up international payments, while eliminating the need for a pre-funded nostro account. The product purportedly sources liquidity from digital currency XRP on exchanges globally, making cross-border transactions faster and cheaper compared to traditional methods.The pilot phase of xRapid was launched in May, with the participation of financial
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Business

Institutional Investors the Largest Buyers of Crypto Transactions Over $100K

[ad_1] Institutional investors have replaced high net-worth individuals as the biggest buyers of cryptocurrency transactions worth over $100,000, Bloomberg reported October 1.According to Bloomberg, traditional investors and buyers such as hedge funds have become more involved into the $220 billion cryptocurrency market through private transactions. Bloomberg also notes that miners — the biggest sellers on the market — have begun scheduling regular coin sales instead of holding or offloading them
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