Crypto News – 09 May – Spencer Bogart on Facebook Coin, Bitcoin breaches $6000 and more
— AMBCrypto (@CryptoAmb) May 9, 2019
Crypto News – 09 May
Facebook on crypto ads: The social media giant announced a u-turn and lifted its ban on crypto and blockchain ads
Read more at https://bit.ly/2J8sEy9
Basic Attention Token [BAT] tanks: Popular crypto, BAT, tanked by over 8% a few days after Brave browser announced its ad-reward feature for users
Read more at https://bit.ly/2Hb2wjT
Tuur Demeester on Bitcoin: Adamant Capital’s Tuur Demeester claimed that Bitcoin is yet to go on a bull run. However, he admitted that BTC was in the final phases of a bear market
Read more at https://bit.ly/2HeKZ91
Adam Back on Binance considering reorg: Blockstream’s CEO made headlines after he joined the reorg debate, stating that a reorg was ” not happening”
Read more at https://bit.ly/2VLwKSL
Tom Lee on Bitcoin ETF: Fundstrat’s Thomas Lee gave his two cents on the possibility of a Bitcoin ETF, claiming that if approved, 50% of its volume will be constituted by institutional investors
Read more at https://bit.ly/2Jqj6O2
Ajeet Khurana on India and cryptocurrencies: Zebpay CEO Ajeet Khurana is in the news after he claimed that talk of India banning cryptocurrencies was hyped by the media
Read more at https://bit.ly/2PXYBK6
Bitcoin and Uber: Bitcoin [BTC] will be offered as collateral during Uber’s Initial Public Offering by the Swiss-based WCX exchange
Read more at https://bit.ly/2VboXcz
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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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