Crypto News – 03 May – Jubiter launches crypto-debit card, https://t.co/7WQPtkZ1Y7 hints at listing XRP and more
— AMBCrypto (@CryptoAmb) 3 May 2019
Daily Crypto News – May 3, 2019
1) Bitfinex Ethereum [ETH]: Bitfinex, a leading cryptocurrency exchange, witnessed a slump of around 50 percent of its Ethereum [ETH], which was stored in its cold wallet. This decline was pointed by a Twitter user Andrew Rennhack.
Read more at https://bit.ly/2VFa9XY
2) Massive Price Surge: Following the news about Bitcoin crossing the $6,000-market, almost all altcoins witnessed a sharp turn of events as the market momentum reversed and pushed the coins by significant amounts to break immediate resistances.
Read more at https://bit.ly/2VFM1o4
3) Bitfinex launches EURS, XCHF, and WBTC trading: The exchange posted a tweet which stated, “We are pleased to introduce trading for Stasis Euro (EURS), CryptoFranc (XCHF) and Wrapped Bitcoin (WBTC).” Bitfinex’s blog about the same stated that the trading for the above-mentioned assets has been enabled.
Read more at https://bit.ly/2vCW0vH
4) Bitbuy’s Proof of Reserve, Security Audit report: Following the call for increased regulation and transparency and in an effort to boost consumer confidence, fellow-Canadian exchange, Bitbuy, released its Proof of Reserve and Security Audit report.
Read more at https://bit.ly/2DP6Z9L
5) David Schwartz on bank account closure: In a Twitter rant, Ripple’s Chief Technology Officer, David Schwartz, advised NeuNer of “never doing any crypto-related transactions” from his “primary bank”.
Read more at https://bit.ly/2DNhCK7
6) Bitcoin, Blockchain and industrial cannabis: Grandshores Technology, a major Chinese industry player, grabbed headlines after it agreed to buy a 40 percent stake in Hanzhou Yupu Trading, a famous Chinese industrial hemp producer.
Read more at https://bit.ly/2DKs3yc
7) Ryan X Charles on Craig Wright: Charles’ latest YouTube video was a response to the negative comments to his aforementioned tweet, primarily to “clear out the misinformation” about Craig Wright.
Read more at https://bit.ly/2JcYEQB
Subscribe to AMBCrypto’s Newsletter
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.
Subscribe to AMBCrypto’s Newsletter