Crypto News – 04 May – Coinbase CTO Balaji Srinivasan leaves company after one year, Bitfinex launches whitepaper for imminent IEO and more
— AMBCrypto (@CryptoAmb) 4 May 2019
Daily Crypto News – May 3, 2019
1) Stephen Palley on ICO boom: In an interview with Max Keiser of the Keiser report, Stephen Palley, a famous lawyer in the field of cryptocurrencies and a partner at the Washington DC officer of Anderson Kill, talked about the lack of information related to rules in the space. He also spoke about amending the regulations proposed by the SEC.
Read more at https://bit.ly/2Wn9NSQ
2) Litecoin partners with military-grade wallet: In a recent development, Litecoin Foundation announced a collaboration with Cobo Vault, the military-grade hardware wallet. Co-branded by Litecoin, the Cobo Tablet is designed for seamless assembly and provides convenient storage of recovery phrases on Cobo Tablet for its users.
Read more at https://bit.ly/2JfU983
3) Vitalik Buterin on Bitcoin Cash: Vitalik Buterin, the brainchild of the second largest cryptocurrency, Ethereum, spoke at ETH Cape Town on April 2019. Speaking about the forks of Bitcoin, Buterin said that Bitcoin Cash SV was overrated and considered Bitcoin Cash to be underrated.
Read more at https://bit.ly/2Vcal1j
4) Tron Dapp Weekly Report: Tron’s smart contract count reached 877, a growth by 100, compared to last week. The new DApps entering the Tron ecosystem are majorly gambling apps and increased by 39 just within the past week.
Read more at https://bit.ly/2PKXP2O
5) OKEx sounds caution to customers: In a May 3 tweet, the exchange sounded a stark caution to customers that several “frauds” will look to “impersonate OKEx”. The tweet added that these projects would aim to trick unsuspecting users to send their funds to “fake wallet addresses”.
Read more at https://bit.ly/2IXZh1d
6) Roger Ver on Craig Wright: Bitcoin Cash proponent, Roger Ver, posted a video on May 03 as a rebuttal to Craig Wright’s lawsuit against Ver. Roger Ver asked Wright to sue him again.
Read more at https://bit.ly/2DPlvhP
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XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind
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.
Oops! Sorry! Infrastructure blip. Really easy fix but I enjoyed an offline afternoon with my girls 😇 So I only found out after some time, when I checked my phone. Monitoring, messages, calls 😇 Social media tips went through during the downtime. Sorry! 😆
— Wietse Wind (@WietseWind) June 23, 2019
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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