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Altcoin


A group of hackers has allegedly colluded with computer maintenance firms in China to hack into computers owned by internet cafes to mine cryptocurrency. According to a local news report on Saturday, police in Rui’An city in Zhejiang province arrested 16 suspects who, it’s claimed, have gained 5 million yuan ($800,000) by hacking more than …

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The University of Texas at Austin is among one of the first academic institutions to receive funding from Ripple, the San Francisco-based distributed ledger technology startup. The company pledged to invest $2 million over the next five years in the university’s McCombs School of Business to support its Blockchain Research Initiative, according to The Daily …

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Blockchain startup Swarm announced Wednesday that it was launching new “equity tokens” that would represent equity in notable blockchain startups like Coinbase and Ripple – but those companies have pushed back swiftly against the idea. The “blockchain for private equity” company published a blog post describing its new token project, with chief executive Philipp Pieper explaining …

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Litecoin may have hit fresh 2018 lows Wednesday, but could be in for corrective rally courtesy of oversold conditions. The world’s sixth-largest cryptocurrency fell to $93 at 15:10 UTC, the lowest level since Dec. 8, and is currently trading at at $95.80 on Bitfinex, down 9 percent in the last 24 hours. The 48 percent drop …

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The price of litecoin (LTC), the world’s sixth largest cryptocurrency by market capitalization, fell to a fresh 2018 low on Wednesday.   Data from Bitfinex shows the cryptocurrency slipped to $97.04 today – the lowest level since Dec. 8 in 2017, reflecting a 74 percent decline since its all-time-high at $379 seen on Dec. 19. Further, …

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The partnership between American Express, Ripple and Santander Bank that began back in November of last year is reaching new heights as the trio continues to advance blockchain solutions to foster secure, high-speed cross-border payments. In a recent job posting on the American Express careers board, a clear reference was made to the partnership as …

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Distributed ledger startup Ripple has been named in yet another lawsuit tied to the XRp cryptocurrency, court records show. Investor Vladi Zakinov filed a class action lawsuit on Tuesday, naming Ripple Labs, XRP II – the company’s licensed money services business – CEO Brad Garlinghouse and 25 anonymous persons as defendants. The complaint was submitted to …

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If you can’t beat ’em, join ’em. The age-old idiom may be particularly relevant for David Vorick, the co-founder of the Sia blockchain, whose new project aims to fight powerful crypto mining chip manufacturers by bringing competition to the sector. To do this, Vorick launched Obelisk, a new chip manufacturing business last year, an effort he …

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Ripple’s former CTO Stefan Thomas is going up against Ethereum with the launch of a new smart contracts platform. Well, “new” isn’t quite right – the platform Thomas released implementations for today is Codius, an open-source project that Ripple released in beta in 2014 but shelved the following year. Now, though, having announced his departure from …

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Court records show that distributed ledger startup Ripple is being represented by two former Securities and Exchange Commission (SEC) officials – including its onetime chairwoman, Mary Jo White – in an ongoing civil matter. Twin filings reveal that White, along with Andrew Ceresney, are representing Ripple in a lawsuit first filed in May by investor Ryan Coffey. …

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Ripple has announced it is setting aside millions of dollars to fund university-based research into blockchain and cryptocurrencies. According to a news announcement published Monday, the University Blockchain Research Initiative (UBRI) will see the distributed ledger payments startup collaborate with 17 universities from across the globe to boost academic research within the industry. Ripple says it will …

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Ripple is continuing to add new clients to its distributed ledger-based payments network, RippleNet. Announced yesterday, two international money transfer companies – Singapore-based InstaReM and Sao Paulo, Brazil-based BeeTech – have partnered to allow customers to benefit from Ripple’s product, which they say offers speed, transparency and lower costs. The collaboration will facilitate blockchain-based payments between …

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Brick ’em? Maybe not anymore. What was once a phrase that echoed across message boards, one that defined an aggressive shift in sentiment against the companies that today make hardware required to run cryptocurrency software, is falling out a fashion as the so-called ‘War on Miners‘ enters a less decisive period. Indeed, in the wake …

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Hackers who stole information on thousands of Canadian bank users have demanded $1 million-worth of the cryptocurrency XRP to not release the data trove. According to a CBC News report Tuesday, the two banks hit by the breach, Bank of Montreal and CIBC’s online bank Simplii Financial, have said that the personal information of a total of …

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Distributed ledger startup Ripple published the results of its xRapid pilot programs on Thursday, The report focused on the company’s offering centered around the cryptocurrency XRP, stating that pilot-takers saw significant savings on fees as well as overall transaction times. The company has announced a number of partnerships in recent months with companies piloting xRapid as well …

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South Korean cryptocurrency exchange Coinone is turning to Ripple’s enterprise blockchain network for cross-border payments. Coinone Transfer, a subsidiary of the exchange that focuses on remittances, joined RippleNet on Monday, making it the first exchange in the nation to do so. The exchange will be using xCurrent, Ripple’s enterprise blockchain solution for cross-border payments that enables end-to-end tracking, a press release …

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Hackers have injected hundreds of websites running the Drupal content management system with malicious software used to mine the cryptocurrency monero. This latest incident was uncovered by Troy Mursch, the security researcher behind the website Bad Packets Report. He wrote Saturday that more than 300 sites had been compromised by hackers who installed the browser …

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Blockchain startup Circle is adding the privacy-focused cryptocurrency monero to its Invest application, the company announced Monday. Just one week after the payment platform announced it was adding zcash to its trading app, the company added monero, according to a blog post. As with the other tokens available on the app, users will be able …

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An investor who claims they lost money buying and selling the cryptocurrency XRP has filed a class action lawsuit against distributed ledger startup Ripple, alleging that the company violated state and federal securities laws. Ryan Coffey, represented by San Diego attorney James Taylor-Copeland, filed the suit in the San Francisco County Superior Court on Thursday. …

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Skepticism dominated a Tuesday hearing on cryptocurrencies and blockchain at the U.K. parliament, but it was not the members of parliament (MPs) who set the negative tone. Rather, interbank payments startup Ripple’s XRP token and blockchain platforms came under fire as Martin Walker, director of the non-profit Centre for Evidence Based Management, one of the panelists, …

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