Tag Archives: Editor’s Choice

China’s CBDC – digital Renminbi – will be fully centralized, going by a report published by Huatai Securities, a financial services company.Though a date is yet to be announced as to when the digital currency will be officially launched, the recent revelations made about it points towards a release that could be sooner rather than later.How the China’s CBDC is Expected To WorkThe major stakeholder in the currency is China’s Central Bank and under its supervision, the digital Renminbi will be...

Engineers from Square Crypto want to build a product that will make LN integration easier for the wallet developers. Whether Lightning Network is a good scaling solution or not is defined by adoption rates. So far, it is used mostly by the exchanges and people directly supporting Bitcoin Core. However, Twitter CEO Jack Dorsey thinks that development (and adoption) must flow faster. His revolutionary solution is called Lightning Development Kit (LDK) and is a creation of Jack’s new company.It...

Fresh trouble brews up for the TRON Foundation founder Justin Sun as two former employees sued him on charges of workplace hostility. The two employees Richard Hall, 50, and Lukasz Juraszek, 28, filed a lawsuit in the state of California last October 2019.These two employees were part of BitTorrent, a decentralized file-sharing platform acquired by TRON back in 2018. In the court document, the two employees wrote of escalating hostilities which thus resulted in their termination in the summer...

It seems Tron Foundation CEO Justin Sun got serious. After he made himself unpopular after all this story with a billionaire Warren Buffett, it seems he found another guy.Apple’s co-founder Steve Wozniak obviously has a belief in Sun because the two guys met over lunch. Wozniak even shared this news with his followers on Twitter.And it’s not surprising at all that Sun has reacted for a tweet about this legendary meeting.It was an honor meeting the legendary Woz, @Apple co-founder! Looking...

Last week on Friday, January 17, Google‘s parent company Alphabet hit the trillion-dollar milestone. Alphabet became the fourth public listed tech company to achieve this feat.Despite staying in controversy with the regulators over the issues of privacy concerns, Alphabet had a good show in 2019 in the stock market. The Alphabet stock surged nearly 50% in a single year thereby pushing the company’s growth.Apple Inc. was the first company to achieve the trillion-dollar milestone in 2018,...

Facebook is facing a lawsuit from a group of four plaintiffs who are accusing the social media giant of anti-competitive moves. The complainants are demanding a court order that will force the company to shed some of its weight and sell its assets.The Facebook LawsuitOn Thursday, four tech startups initiated the lawsuit. In the filing, the plaintiffs suggest Facebook’s unlawful moves have built what they describe as a “social data barrier to entry.” This continues to prevent them from being...

Fortune loves to make different kinds of lists for any kind of topic, but this list is a rather interesting statistic. From all the business industries in San Francisco, Fortune listed 35 best workplaces in the Bay Area and Ripple is one of them. Excited to be recognized as one of @FortuneMagazine’s #BestWorkplaces in the Bay Area 2020! https://t.co/ope8KXIRDc— Ripple (@Ripple) January 16, 2020Most of the 35 companies included in the Best workplace list are Information technology companies...

If Judge Phyllis Hamilton will decide that Ripple is breaking the U.S. law with its token offerings, this could tank the 500 billion economy to the bottoms of the cryptocurrency market, after possible panic-sell.On 4 December, Ripple had asked the Chief District Judge Phyllis Hamilton of the Northern District of California to dismiss the case against cryptocurrency. The representatives are saying that the lawsuit sent to court by the angry Ripple investors is not relevant. Because there was a...

Recently, British Prince Harry and his spouse Meghan Markle announced their departing from the royal family. Besides, they stated they would work to become financially independent. In this regard, we have decided to look at possible sources of Harry and Meghan’s income.In their official statement, the couple wrote:“After many months of reflection and internal discussions, we have chosen to make a transition this year in starting to carve out a progressive new role within this institution. We...

XRP status has been classified as unclear. The U.S. Commodities and Futures Trading Commission (CFTC) Chairman Heath Tarbert has indicated. He said this in an interview while trying to clarify the status of different cryptocurrencies. He noted:“It’s unclear. Stay tuned I’d say. Part of the issue is that our jurisdiction we share with the SEC [Securities and Exchange Commission]. If it’s a security, it falls under their jurisdiction. If it’s a commodity, it falls under ours.”CFTC...