Crypto News – 16 May – Tom Lee on Bitcoin’s rise, Cryptopia enters liquidation phase and more
— AMBCrypto (@CryptoAmb) May 16, 2019
Crypto News – 16 May
Bank of America gets trolled: After BOA’s CTO claimed that it had found no use cases for blockchain in the financial sector, Twitterverse trolled the bank after Anthony Pompliano pointed out Bank of America’s blockchain patents
Read more at https://bit.ly/2VvTiT4
Cred’s new collaboration: Tron partner, Cred, announced its unofficial collaboration with BlockFi and Salt lending to take on the ‘JPMorgans of the world’
Read more at https://bit.ly/2HqUxPX
Louis Vuitton enters blockchain space: Consensys has initiated a partnership with LVMH group and Microsoft to develop a blockchain-based platform named AURA
Read more at https://bit.ly/2LQ4pqu
Adam Back on reorgs: Blockstream’s Adam Back is in the news after he claimed that reorgs can be implemented only with significant side effects
Read more at https://bit.ly/2EfRcRz
Opera supports TRON: Opera browser launched support for TRON Tokens on its platform
Read more at https://bit.ly/2YxyEUu
Weiss Ratings on Facebook Coin: Weiss Ratings slammed Facebook Coin, notably pointing out Facebook’s absence in DLT discussions
Read more at https://bit.ly/2EcqoS9
Latest Cryptopia update: In a recent update, Cryptopia asked users to stop depositing funds
Read more at https://bit.ly/2w3MqSS
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