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Binance’s CZ accused of ‘pump and dump,’ SEC busts crypto Ponzi scheme and more

Jibin M George

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Crypto News – 24 May

Tom Chippas on Bitcoin’s rise: ErisX CEO, Tom Chippas, made headlines after he claimed that the strongest reason for BTC’s price rise was evolution of different players coming in

Read more at https://bit.ly/2WuPkPr

HitBTC insolvency?: The latest report from Cointelligence speculated that HitBTC might be insolvent, with only $3 million in Bitcoin [BTC] and Ethereum [ETH] across its wallets

Read more at https://bit.ly/2W0frhp

New OKEx update: The exchange has announced new futures trading upgrade for XRP, Bitcoin Cash [BCH] and Litecoin [LTC]

Read more at https://bit.ly/2HyZTZ8

New collaboration for Ripple: Ripple-backed InstaReM will roll out cross-border transactions by collaborating with Thailand’s Kasikornbank

Read more at https://bit.ly/2M9SJPq

Rabobank drops out: After ABN AMRO, the Netherlands’ based Rabobank is the latest to announce that it will be dropping its crypto project

Read more at https://bit.ly/2HN7l1P

Grayscale Investments update: Grayscale Investments, a digital asset management firm, announced that the Financial Industry Regulatory Authority [FINRA] approved its Ethereum Trust

Read more at https://bit.ly/2W1ctJM

Vitalik Buterin’s new bot: An AI-powered bot, modeled on the Ethereum Co-founder and named ‘Vitalik Boterin,’ is making headlines in the cryptoverse

Read more at https://bit.ly/2W1oQoW





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Jibin M George is a graduate in International Relations and Law with a growing interest in the world of cryptocurrency and blockchain technology

XRP

XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind

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XRP TipBot goes online after a tiny downtime
Source: Unsplash

XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”

A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.

Wind tweeted,

XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.

After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.

The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.

This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.

XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.

SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.

Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.





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