Ripple Hosts Blockchain Gathering At USC Berkeley
In recent days, Ripple hosted a gathering of 200 developers, researchers and graduate students at the University of California, Berkeley campus for its first annual University Blockchain Research Initiative conference. This meeting of the minds is Ripple’s major academic conference focused on blockchain and digital assets from a multidisciplinary perspective. At the event, there were representatives from 40 schools across 14 different countries to discuss blockchain and crypto across the business, law, and engineering.
U.K Crypto Derivatives To Be Banned?
The World Federation of Exchanges (WFE), which is a global trade association of publicly regulated exchanges, is urging the United Kingdom’s Financial Conduct Authority (FCA) not to restrict cryptocurrency derivatives for retail investors. The World Federation of Exchanges offered an array of recommendations such as the implementation of standards, consideration of underlying market structures, and a review of the ban — if it is introduced — to ensure consumer choice and access.
South Korean Platform Brings Crypto Payment into 13,500 Stores
Mobile payments app Chai is launching mobile blockchain-based payments at 13,500 CU convenience stores in South Korea. Chai — which operates on the Terra blockchain — will now be accepted as a means of payment at the major convenience store chain. App support will be added at CU by the end of 2019 following a partnership between Chai and convenience store operator BGF Retail, which owns the stores in question.
Sacramento Kings Moving Into Blockchain Space
The Sacramento Kings has teamed up with New Jersey-based blockchain ticketing platform Blockparty to add blockchain-based rewards to its prediction game Call the Shot, The new program will be available in the upcoming 2019–2020 season. During the season, Blockparty will be tracking Kings fans’ activity while they are betting on Call the Shot — and players will be able to accumulate points in a virtual wallet within the Sacramento Kings + Golden 1 Center app.
U.S. Government Libra Treatment A Threat To National Security
The ex-federal prosecutor and now Andreessen Horowitz partner Katie Haun have argued that the United States blocking Facebook’s Libra digital currency will have national security implications. Andreessen Horowitz is a founding member of the Libra Association. Speaking of the planned cryptocurrency, Haun noted that the social media giant’s project was facing “the same criticisms” and misperceptions that the asset class faces more broadly. The push/pull between Libra and the people who hold legislative power in Washington continues to be an issue.
Ripple’s Xpring Creates A Developer Relations Forum
Ripple’s Xpring will launch a community web page and forum referred to as “developer relations,” or DevRel, for its developer platform. Most of Xpring’s employees work on the engineering and product side of the table, explained a Feb. 1 blog post on the Xpring website. “We think of DevRel as the ears and mouth of Xpring,” the post reads.
Xpring originally functioned as Ripple’s investment branch. In October 2019, Ripple also launched an Xpring developer platform, giving creators a venue for digitizing money. Several months later, in December 2019, Xpring added features to its platform, including SDK, which added compatibility for programmers’ apps.
According to the blog post, Xpring mentioned communicating with builders via content, events and support. Xpring aims to present developers with helpful materials like sample code and tutorials. The blog post also mentioned hosting conferences, as well as giving technical support, all in an effort to engage the community around the Xpring platform. accordingly should a response come in.
‘I Think XRP Is a Scam’ Says Ben Askren Former UFC Star And Bitcoin Advocate
As regulatory concerns over XRP — the world’s third-biggest crypto asset — have intensified, some celebrities are stepping in to voice more FUD about the coin. Ben Askren, former UFC fighter and known Bitcoin (BTC) bull, has driven more scepticism toward XRP with a short tweet on Jan. 28: “I think XRP is a scam.”
Askren’s latest cryptocurrency verdict builds on a background of previous endorsements of other cryptocurrencies. The famous former Olympic wrestler is not only bullish on Bitcoin, but also supports Charlie Lee-founded Litecoin (LTC), the seventh biggest cryptocurrency by market cap as of press time. In January 2019, Askren was purportedly sponsored by the Litecoin Foundation as the mixed martial arts fighter for UFC 235 event. Subsequently, the UFC fighter appeared on his Instagram wearing a Litecoin-branded t-shirt. The celebrity has also promoted Bitcoin on his Twitter in October 2019:
“Just bought more BTC using @eToro was really easy, now all of you twitter geniuses can tell me Crypto is a scam while my assets go up!”
As Askren has been known as a shill for BTC and LTC for a while, a user on Twitter asked him a question: “The fact @Benaskren is staying quiet on XRP tells me its going to take it a long time if ever to moon.” Askren’s verdict didn’t take long, and a part of the crypto community on Twitter expressed some negative stance toward XRP, while the tweet has amassed over 2,000 likes as of press time.
Askren’s statement about XRP comes amid an already worsened situation around the coin as XRP dropped over 40% from $0.364 in 2019 to $0.183 in December, marking a two-year low. The situation has been exacerbated by rising concerns over the unclear regulatory status of XRP’s issuing company, Ripple, which faces a class-action lawsuit alleging that it held an unregistered sale of securities. Despite all this, CEO Brad Garlinghouse has recently hinted at an initial public offering for Ripple, which undoubtedly has some implications for the fate of altcoin. At press time, XRP is trading at $0.238, up over 1% over the past 24 hours, following a major green trend on crypto markets.
The CEO Of Ripple Drops A Hint About An IPO
XRP investors were surprised to hear Ripple CEO Brad Garlinghouse drop a bombshell comment during the World Economic Forum in Davos regarding the company potentially listing on the public markets in the near future. This comment came close on the heels of news regarding the company raising a whopping $200 million from private investors, as well as reports regarding their Q4 XRP token sales being the smallest seen in nearly three years.
Although it remains unclear as to what implications a Ripple public listing could have on XRP, investors in the embattled token don’t seem to be too enthused about the news. During a discussion at the Wall Street Journal’s “Journal House” panel in Davos Switzerland, the Ripple CEO made the comments regarding engaging in a public listing in the near future, telling the panel host that Ripple won’t be the first nor the last to go public, but that they will be on the “leading side” of blockchain companies being listed. He said, as reported by Asheesh Birla, the SVP of Product at Ripple:
“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.”
This is certainly notable news, as it signals that the company’s recent $200m Series-C private capital raise might be their last round of fundraising before they undergo an initial public offering.
XRP has long been critiqued as simply a fundraising mechanism for Ripple, and the latest news regarding the company’s potential IPO has led some analysts and investors to note that the company may not need to build utility around XRP after they list on the public markets. Cantering Clark, a popular cryptocurrency analyst on Twitter, called Garlinghouse’s recent comments the “ultimate fade” on investors in the embattled token. He facetiously noted:
“[Brad Garlinghouse] just pulled the ultimate fade on $XRP holders… Oh, uh guys, yeah we are actually going to IPO now, and offer shares that carry equity..so,…uh….about those coins. (Obsolete)”
Of course, there’s no guarantee that a public listing will impact Ripple’s eagerness to build utility around the XRP token, but it will make it much easier for them to operate without having to add value to the XRP ecosystem.
Blockchain News3 days ago
MoneyGram Discloses Real-Time Remittance Tech, Based on Visa not Ripple
Bitcoin News3 days ago
Chinese Quarantines Cash To Stop Coronavirus – Bitcoin Not An Issue
Regulation News2 days ago
Russian Central Bank Says Crypto Transactions Are Linked With Money Laundering
Exchange news3 days ago
Binance Set to Bring Out NEO/USDT Futures With Up to 50x Leverage
Blockchain News2 days ago
One Million UEFA Tickets Set To Be Distributed Through Blockchain in 2020
Altcoin News3 days ago
Craig Wright Threatens BTC and BCH With Possible Lawsuits
Exchange news2 days ago
Bithumb Soon To Have Wall Street-Level Fintech Expertise Through New Partnership
Bitcoin News15 hours ago
Bitcoin Annual Investment Flow Could Beat Visa Next Halving