Top five stories from the last week
| Don't Miss The Top Five Stories From The Last Week Ripple Announces Partnership With Three Crypto Exchanges
What happened?
Ripple has partnered with U.S.-based Bittrex, Mexican Bitso and Philippine Coins.ph cryptocurrency trading platforms within its initiative to build a "healthy" ecosystem of digital asset exchange.
What is this for?
The new partners will enable Ripple's xRapid payments solution to move between XRP and U.S. dollars, Mexican pesos and Philippine pesos respectively. Get more details here.
Jamaica Stock Exchange to Introduce Crypto and Tokens Trading Via Canadian Fintech Firm
What is this all about?
The Jamaica Stock Exchange (JSE) has selected Canadian fintech company Blockstation to facilitate the trading of digital currencies and tokens on the JSE.How does it work?
Kirk Brown, the head trader for a broker member of the JSE, underlined the importance for investors "to be able to invest in digital assets through their traditional financial institutions." Read more.
Ethereum Co-Founder Joseph Lubin: Crypto Price Collapse Will Not Constrain Further Growth
What happened?
Ethereum co-founder and ConsenSys Inc. CEO Joseph Lubin said in an interview with Bloomberg that the value surges of the past year were just another bubble like the previous "six big bubbles, each more epic than the previous one, and each bubble is astonishing when they're happening."
What is his view based on?
Lubin attributed volatility to "trader types," i.e., speculative investors, saying that it is not necessarily an indicator of underlying infrastructure enhancement. Read more here.
Hackers Have Breached McAfee's Wallet Bitfi
What happened?
A group of researchers claim to have hacked the Bitfi wallet and are claiming the $100,000 bounty conditions promised under McAfee's challenge.
What did the researchers say?
The researchers claimed they could successfully send signed transactions with the wallet, claiming they met the conditions of the bounty program by modifying the device, connecting to the wallet's server and transmitting sensitive data with it. Details here.
Analysts: Crypto Trading Revenue Could More Than Double in 2018 What is this all about?
New research from Sanford C. Bernstein & Co. suggests that revenue generated by cryptocurrency exchanges could more than double to hit $4 billion in 2018
What is this based on?
Bernstein found that in 2017, the buying and selling of cryptocurrencies generated $1.8 billion in transaction fees alone — equivalent to eight percent of the revenue of traditional exchanges. Read more here. | | | | |
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