wXRP to be released on the Ethereum blockchain in December
Wrapped XRP (wXRP), courtesy of Wrapped.com, will be going to the Ethereum blockchain next month if everything goes according to plan. Wrapped tokens are digital currencies that are kept safe in a digital vault and run on their own blockchain. Wrapped Bitcoin, which runs on the Ethereum blockchain, and Wrapped Ethereum, which converts ETH to […]
Bloomberg strategist: Money managers who lack exposure to cryptocurrency risk being left behind
Financial institutions are increasingly accepting cryptocurrency and decentralized finance, according to senior commodity strategist Mike McGlone of Bloomberg. Bloomberg ‘s Crypto Outlook for November highlighted 2021 as “simply another foundation year for the cryptocurrency sector,” emphasizing the long-term value proposition of digital assets. Money managers “risk falling behind and failing peers who buy crypto assets” […]
Coinbase users can now borrow up to $1M
Coinbase said on November 3 that select users will be able to borrow up to $1 million from the exchange. Is it possible that cryptocurrency exchanges will become the new banks and money lenders? The SEC issued a Wells Notice to Coinbase when the company attempted to launch its high-interest crypto “Lend” product. Without much […]
Report Shows Russia’s Most Prestigious Skyscraper Is Home to Crypto Hackers
The Vostok tower, Russia’s highest building, is located in the heart of Moscow’s city center and serves as a hub for hackers, cybercriminals, and money launderers. At least four organizations based in or operating in Vostok have been successfully linked to money laundering associated with ransomware activities, according to a report published by the Bloomberg […]
XRP Ledger Is Back on Track After Short Break
According to developer Wietse Wind, the XRP Ledger stopped processing transactions for roughly 15 minutes earlier today. For validating new ledgers , each protocol server has its own unique node list (UNL). The quorum threshold is set at 80% of the total membership. The network is unable to confirm new transactions if more than 20% […]