As XRP Was Listed on Coinbase, Now It May Seem that Ripple Violates Listing Rules

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As XRP Was Listed on Coinbase, Now It May Seem that Ripple Violates Listing Rules
We already wrote of how now Coinbase’s users can now purchase, sell, convert, send, receive, and store XRP both on Coinbase.com and the Coinbase Android and iOS apps.
The service itself will of course reportedly be available for most jurisdictions. However, it will not initially be available for residents of the United Kingdom and the U.S. state of New York.
As they said in their announcement:
“All accounts on this network can send or receive XRP to/from each other, while XRP can be used to send underlying fiat currencies between two parties. In this way, XRP can function as a bridge currency in transactions involving different currencies such as US dollars, Japanese yen, Euros, Francs, and others in use on the XRP network.”
The price of XRP jumped roughly 10 percent to reach a high of $0.34 in the 30 minutes following the announcement of its listing on Coinbase Pro on Feb. 25, but has since given back a portion of the gains, trading at the price of $0.32, according to data from the CoinMarketCap at the time of writing.
Is Ripple Violating Coinbase’s Rules?
Be it as it may, there are now rumors floating around that Ripple could be violating one of Coinbase’s rules. In particular, the ownership stake by the team must be in the minority, which isn’t the case when it comes to Ripple.
The team at Ripple control more than 60 percent of the overall supply of the cryptocurrency. That’s why at 26th of February came report by blockchain research firm Diar that states that XRP breaks one of Coinbase’s requirements to be listed on the platform.
Specifically, in its “Digital Asset Framework,” Coinbase states that “the ownership stake retained by the team is a minority stake,” while, according to Diar, Ripple holds around 60 percent of the supply in escrow with a release schedule.
The Digital Asset Framework lays out a series of rules that a token must be able to follow in order to be listed on the exchange.
The said violated rule states:
“The ownership stake retained by the team is a minority stake. There should be a lock-up period and reasonable vesting schedule to ensure the team is economically incentivized to improve the network into the future.”
Report by Diar confirms that saying:
“Coinbase has now clearly abandoned one of their own pillars for the potential listing of a cryptocurrency. In their ‘Digital Asset Framework’ that outlines requirements to be listed, the exchange states that “the ownership stake retained by the team is a minority stake,” a fact far from reality as Ripple holds nearly 60% of the supply in escrow with a release schedule.”
Also, a lot of community members who talk about a conspiracy believe that there was insider trading by the Exchange. They explain that those who knew that XRP would be listed bought large quantities of the token, which they sold after the announcement taking advantage of the price pump.
One of those who believe this theory is the twitter user Crypto Bitlord, who explains in a graph how the price of token evolved, telling that there was an unusual purchasing volume just before the news, followed by a large green candle that evidently would not be maintained in time.
He tweeted:

Want to know how insider trading works?
This $XRP listing on coinbase breaks it down: pic.twitter.com/hevedKYW7U
— Sir ฿itlord 🇦🇺 📚 (@Crypto_Bitlord) February 25, 2019

Not Everyone is Suspicious. SBI Believes in XRP
However, not to be bothered, Coinbase, as part of their blog post detailing the launch of XRP support, state that they expect greater numbers of new digital assets will be coming to the platform in the future. This has been made possible with the updated listing process it launched last September.
The stated goal with regards listing new assets, according to Coinbase itself, is:
“Our goal is to rapidly list all assets that meet our standards and are compliant with local law, while providing our customers with the tools to discover, evaluate, trade, and use digital assets.”
That not everyone is suspicious about XRP proves this week’s announcement from The Strategic Business Innovator Group (SBI) whose CEO of the company, Yoshitaka Kitao has also said that SBI VCTrade will go live next month in March. This would mean that verified members will be able to purchase the XRP token as well as other tokens with the Japanese Yen. The goal is to have Japanese banks use the XRP token in just six years time for the Osaka Expo 2025.
*To learn more about XRP coin, Ripple company, and their innovative solutions, please check out our awesome guide.
As XRP Was Listed on Coinbase, Now It May Seem that Ripple Violates Listing Rules

Facebook to Launch Its Cryptocurrency for WhatsApp in H1 2019, In Talks With Exchanges

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Facebook to Launch Its Cryptocurrency for WhatsApp in H1 2019, In Talks With Exchanges
California-based social media mogul Facebook is all set to launch its crypto token by the first half of 2019, report the New York Times. Over the last year, several reports hinted towards Facebook’s inclination for cryptocurrency and blockchain sector. The NY Times report published on Friday, February 28, briefs that Facebook has recently held talks with exchanges to sell its crypto token.
Furthermore, citing internal sources, the report notes that Facebook is like to integrate cryptocurrency payments across its messaging services. This includes three of Facebook’s wholly owned apps – Messenger, WhatsApp, and Instagram. Thus over 2.7 billion users can benefit from using Facebook’s new cryptocurrency.
Facebook’s Cryptocurrency Moves
The first report of Facebook planning to launch its own digital currency emerged in December 2018. However, the report stated that the Facebook Coin will be available only for WhatsApp users. But launching across its suite of applications makes greater sense as Facebook can target a larger user-base.
The internal sources now claim that the new Facebook Coin will be fiat pegged stablecoin. Also, its value shall be tied to three different national currencies, instead of just one.
A number of analysts in the past have shown interest on Facebook getting its crypto token to the market. Earlier Bloomberg report also suggested that Facebook will target the “remittances market in India” looking tot he country’s massive WhatsApp user-base.
Note that Facebook is not the first player planning to launch its crypto token across its messaging apps. Previously, the Russian-developed Telegram messaging app announced similar plans. Telegram founder Parel Durov plans to launch the Telegram Open Network (TON) along with its native cryptocurrency ‘Gram’, ahead this year. Over the last year, Telegram has managed to raise a whopping $1.7 billion for its TON project.
As per the earlier report, the launch of TON network will take place next month in March 2019. Analysts predict that the Gram token could likely have a market cap of $30 billion.
Besides the two messaging behemoths, Japan’s Line and South Korea Kakao messaging applications plan to have their native crypto token for in-app payment and other company services.
Facebook’s Ongoing Blockchain Development
Over the last year, Facebook has doubled-down on its efforts working on the blockchain technology. Although the company hasn’t been much vocal about it, until recently, CEO Mark Zuckerberg spoke about it. Earlier this month, Facebook acquired blockchain startup Chainspace in a talent acquisition deal.
Chianspace is a “planetary scale smart contracts platform”. It “delivers on modern expectations of processing power, making it the platform of choice for complex real-world applications”.
In his recent interview to Harvard Law Professor Jonathan Zittrain, Zuckerberg said, he is ‘potentially interested’ in putting the Facebook login on the blockchain.
Facebook, which faced a massive data security breach last year with the Cambridge Analytica scandal, is now betting on the blockchain. Besides login, Facebook also plans to bring other data security aspects on the blockchain network. Zuckerberg said:
“A use of blockchain that I’ve been thinking about … though I haven’t figured out a way to make this work out, is around authentication and… granting access to your information to different services. So, replacing the notion of what we have with Facebook Connect with something that is truly distributed. Basically, you take your information, you store it on some decentralized system and you have the choice to log into places without going through an intermediary.”
It looks like 2019 is going to be certainly exciting as big companies launch their projects. However, one question remains is how far these companies will decentralize their crypto tokens.
Hopefully, the global crypto market shall also revive after last year’s massive downfall.
Facebook to Launch Its Cryptocurrency for WhatsApp in H1 2019, In Talks With Exchanges

Blockchain – a Paradigm Shift in Maritime & Aviation Safety

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Blockchain – a Paradigm Shift in Maritime & Aviation Safety
Blockchain technology that was once dubbed the ‘new kid on the block’ is now becoming the norm, especially with brands such as IBM, Walmart, Facebook and financial institutions utilising the technology in various use cases. It has brought with it an elimination of centralised institutions, the redistribution of trust, and the establishment of a worldwide ledger of value – qualities that motivate more organisations to adopt the technology and disrupt the usual standards of operations.
Leveraging on these benefits of blockchain, BlocBox is building an immutable distributed ledger to solve various challenges in the maritime and aviation industry, which include black box data retrieval, transparency, predictions and ownership. Based on the framework of a hybridised blockchain, and the utilisation of a Hyperledger and a modified BigchainDB, BlocBox is developing its own proprietary protocol.
The utilisation of blockchain technology in the BlocBox solution makes it possible for all forms of data (sensitive and non-sensitive) to be stored securely through the differentiation of a public main chain and a private side chain. A transmitter will be developed and installed on vessels and aircraft to read data from Voyage Data Recorders (VDRs), Flight Data Recorders (FDRs) and Cockpit Voice Recorders (CVRs), in which the data will run through a compression and encryption algorithm before relaying it onto a customised blockchain through satellite infrastructure.

A recent study by Inmarsat proved that satellite communications can help to improve safety and overall operational efficiencies while saving billions in dollars. The BlocBox team will apply the solution to both the aviation and maritime sector to further enhance data accuracy and retrieval while retaining the same advantages of boosting competence and greater savings.
Adding on to the usage of blockchain to record all on-board data, BlocBox will also integrate the BlocBox Artificial Intelligence (AI) algorithm into the BlocBox transmitter. The AI algorithm will be trained to first pick up and transcribe audio recordings from vessels and aircrafts, identify the stress levels in tone and language of crew members as part of data collection and subsequently, store these audio recordings onto the private side chain. With consecutive trainings, the voice analytics within the BlocBox algorithm will be able to pick up specific keywords for emergencies. This, coupled with the ability to read stress levels identified in the tone of voice, will trigger a warning to be issued to stakeholders involved once they exceed a pre-defined threshold.
With the amalgamation of blockchain and AI, BlocBox is combining the potential of both technologies to revolutionise safety procedures within the maritime and aviation industry. Both technologies serve to enhance the capabilities of the other while simultaneously offering opportunities for better accountability.
The team’s idea of the safety protocol now exists in the form of patent rights as they have successfully concluded the patent application, further pushing the progress and development of the BlocBox’s solution.
The synergy of different features is the brainchild of an experienced team and board of advisors which include Mr. Kenny Koh, Co-founder and CEO of BlocBox with extensive years of experience in satellite communications; Mr. Saurish Nandi, Co-founder and CTO of BlocBox with a strong background in maritime and data analytics; Ms. Shilpa Karkeraa, the Blockchain Lead within the team; Mr. Priveen Raj Naidu, co-founder of AirAsia Singapore and CEO of Reapra Aviation; and Capt. Ninad Mhatre, a maritime veteran and Deputy MD of Zeaborn Ship Management.
Blockchain – a Paradigm Shift in Maritime & Aviation Safety

Cardano Price Analysis: ADA/USD Trends of March 01–07, 2019

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Cardano Price Analysis: ADA/USD Trends of March 01–07, 2019
Key Highlights:

High momentum is required by the Bulls to break up $0.047 level;
the consolidation is ongoing in the Cardano market;
the breakdown of $0.035 will push ADA price towards $0.028.

ADA/USD Price Long-term Trend: Ranging
Supply Zones: $0.047, $0.055, $0.062
Demand Zones: $0.035, $0.028, $0.021ADA is still moving sideways on the long-term outlook. The crypto has not made any significant rally to the north or to the south. The range-bound movement which started on January 11 still remains within the supply zone of $0.047 and the demand zone of $0.047.
The bearish engulfing candle formed on February 21 could not push the coin down to the demand zone of $0.035 before it was rejected by the bulls. The bulls pushed the coin to the previous high and lost the momentum. Another strong bearish engulfing candle pushed Cardano price down to the dynamic support and resistance level.
The 21-day EMA remain twisted around the 50-day EMA with ADA price trading directly on the twisted EMAs which is an indication that consolidation is not yet over in the ADA market. The Relative Strength Index period 14 is at the 50 levels and the signal lines are flat horizontally showing no direction confirms the consolidation which may come to an end soon.
The bulls need to increase its momentum in order to break up the supply zone of $0.047 and this will expose the coin to the supply zone of $0.055. Likewise, high pressure is required to break down the demand zone of $0.035 by the Bears.
ADA/USD Price Medium-term Trend: Ranging
ADA/USD is ranging on the medium-term outlook. The bullish momentum places Cardano price at $0.05 price level on February 24, shortly after that the Doji evening star candle pattern formed which is a bearish reversal candle, this pushed the coin down below the two EMAs after the break down of $0.047 price level. Cardano started consolidation below the EMAs.
The 21 EMA and the 50 EMA are still close to each other while the coin is consolidating below the two EMAs. Patience is needed by the traders before taking a position.
Cardano Price Analysis: ADA/USD Trends of March 01–07, 2019

Ethereum’s Constantinople and St. Petersburg Hard Forks Have Been Activated

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Ethereum’s Constantinople and St. Petersburg Hard Forks Have Been Activated
On February 28, the two most anticipated upgrades went live on the Ethereum blockchain. The Constantinople and St. Petersburg hard forks have been activated on the main network at block 7,280,000, as it was planned. Initially, the upgrade has had two names of two originally separated updates, but now they are combined into one.
According to Ethernodes.org, not all the Ethereum users have adopted the updates. Only 22.3 percent of Geth and Parity clients have started running the Constantinople-compliant version. However, major US crypto exchanges have supported the upgrade, seeing it as a prosperous initiative.
Binance, Huobi, and OKEx were first to announce their support. They started to monitor the event before its first implementation attempt. In January, Coinbase and Kraken became the latest to confirm support for Ethereum’s hard fork.
On The Way To Activation
The Constantinople and St. Petersburg hard forks are a major amendment to the Ethereum network, as they will increase its efficiency and affect the network’s core protocol specifications, contract standards, and client APIs. The Constantinople and St. Petersburg hard forks strive to reduce block reward issuance from 3 to 2 ETH. What is more, users can expect cheaper transaction fees for some operations on the Ethereum network.
Initially, the Constantinople hard fork was set to launch in autumn 2018, but because of numerous bugs found in the code released on the Ropsten testnet, the launch was postponed till January 2019. However, this time the event did not occur again. As a loophole in the Constantinople hard fork software was found, the launch was delayed for late February.
The loophole could lead to attackers exploiting this and withdrawing users’ funds through a reentrancy attack. Therefore the developers decided to make sure the entire network gets onboard as per the plan and implement a two-fork strategy, activating Constantinople and St. Petersburg hard forks on the same block.
After those delays, the hard forks have finally gone live. With this release, four different Ethereum improvement proposals (EIPs) have been officially activated. One of them introduces a new “corner case” and affects smart contract immutability.
Miners and node operators should bear in mind that before such a serious system upgrade, they are required to install new client software that automatically updates at the exact same block number, which prevents two concurrent and incompatible versions of the same blockchain from splitting the wider network.
Taylor Monahan, CEO of blockchain wallet tool MyCrypto, explained:
“About two weeks before the fork, everyone upgrades the software but none of the new features are enabled. Then, on that block number, everyone at the exact same time starts using the new features. So, that’s how we prevent differing states from existing simultaneously. It’s [also] called a consensus issue or a consensus bug.”
Ethereum’s Volatility Increased
Earlier, we reported that amid the hard forks, volatility of Ethereum price increased. On Sunday, Ethereum reached its three-month high, and a couple of hours later, dropped 17 percent and witnessed a considerable sell-off. Yesterday, its price made up $137.39 per token. It is no surprise that after the new upgrade Ethereum will sideways trend for several weeks.
As for today, the altcoin started the day around $132, and at the moment of writing, Ethereum trades at $136.91.
Ethereum’s Constantinople and St. Petersburg Hard Forks Have Been Activated

TRON Major Upgrade Imminent: Since November TRX Has Surged by 2-Fold

TRON’s major update – the Odyssey 3.5 hard fork, is scheduled for today – February 28th. The price of TRX has been increasing ever since November, almost doubling up since then.
Looking at TRX price since November 2018, we can see that it has almost doubled throughout the period. What is more, the price has gained over 2971 percent since it started to trade on Binance in November 2017.
A Precursor for TRX Price Going Up

#TRON will upgrade to Odyssey 3.5 & #Ethereum's 2nd attempt at Constantinople hard fork, tomorrow Feb 28
With this in mind, here are growth charts for #TRX & #ETH in #BTC Satoshi value since TRON started trading @Binance Nov 2017:$TRX: +2971%$ETH: -32%#IAmDecentralized 🥑 pic.twitter.com/FcbVEnWjfa
— Misha Lederman (@mishalederman) February 28, 2019

Even though recently the price has spiked below the $0.0240 support, it managed to find support at $0.0227. As Live Bitcoin News reported, there is a short-term contracting triangle put in place with resistance at $0.0248 on the 4-hours chart.
As reported, the price could correct higher if there is a clean break above the resistance level of $0.250. At the time of this writing, the TRX price is $0.0239, according to data from CoinMarketCap. It’s worth noting that TRX has managed to establish itself as the 9th largest cryptocurrency in terms of market capitalization.
Typically, hard forks are considered to be a bullish sign and they are a precursor for the price of the asset to go up. Naturally, throughout this prolonged bear market, the sentiment might be rather different.
TRON’s Odyssey 3.5 – What to Expect?
Tron’s Odyssey 3.5 is a scheduled network upgrade, also commonly referred to as a hard fork. It is supposed to take place today, February 28th. Interestingly enough, Ethereum’s Constantinople update is also scheduled for today.
With any major update of the kind along the horizon, it’s natural to wonder what would that mean for the network.
According to a fairly recent announcement of Justin Sun, TRON’s founder, the Odyssey 3.5 hard fork will introduce the following improvements to the network:

50 percent performance upgrade compared to current levels
Multi-signature and account managing
Better Virtual Machine safety
Event server for decentralized applications
Dynamic energy adjustment to real-time network performance

#TRON will launch 3.5 hard fork upgrade on 2/28. New Features: 1. multi-sig and acct mng, institution ready 2. Dynamic energy adjustment to real-time network performance 3. 50% up performance & res usage 4. Better VM safety, events server for Dapps. Go! #TRX $TRX
— Justin Sun (@justinsuntron) February 24, 2019

According to a fairly recent report by Dapp Review, TRON is also marking a staggering surge in terms of decentralized applications based on its network.
Throughout the last month, from January to February, DApps based on TRON’s network has increased by more than 239 percent. Their number effectively skyrocketed from 18,500 in January to 62,724 in February. This means that the TRON ecosystem also saw 44,224 new users added to it in just one month.
It’s also worth noting, however, that even though it’s the day of the hard fork, the price hasn’t moved that much. In fact, it has marked a slight decrease in the past 24-hours.
What do you think of TRX’s performance? Do you think that Odyssey 3.5 will potentially cause a surge in its price? Or do you think it might cause a decrease? Don’t hesitate to let us know in the comments below!
The post TRON Major Upgrade Imminent: Since November TRX Has Surged by 2-Fold appeared first on Live Bitcoin News.