Ripple turns on giveaway faucet
Altcurrency-cum-payment network Ripple turned on the faucet late last week, announcing a long-anticipated giveaway. The company sent 'ripples', units of its alternative currency, also known as XRP, to over 25,000 beta users. The users had signed up to the email list as part of the giveaway. The coins are designed primarily to enable trading on the Ripple payment system. Every time a trade is made, a fraction of a ripple is destroyed from a finite amount. To make a trade in any currency, a Ripple account must have 12 ripples available for each order. And an account must be stocked with 50....
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Ripple and its CEO Brad Garlinghouse had alleged that YouTube profited monetarily from fraudulent XRP giveaways. Ripple has ended its lawsuit against YouTube for the social media platform’s alleged complicity in a spate of fake XRP giveaway scams, CEO Brad Garlinghouse announced on March 9.Ripple and Garlinghouse filed a lawsuit against YouTube LLC in April 2020, claiming that the platform itself had profited from the fraudulent activity, and that it had failed to exercise its administrative powers to stop it. Garlinghouse announced on Twitter on March 9:“Last year, @Ripple and I sued....
Today faucets are used mostly by people trying to earn Bitcoin micro-income. Faucets nowadays supply a small amount of Satoshis (anywhere between 50-10,000) every few minutes. Bitcoin faucets have been around ever since Bitcoin started out more or less. The idea of faucets is simple – visit the faucet in order to get a small amount of Bitcoin to experience your first Bitcoin transaction. The first Bitcoin faucet ever created was made by Gavin Andresen on late 2010. The faucet gave out 5 whole Bitcoins to every user (at the time these were worth around 8 cents). Since then Bitcoin has....
On behalf of the Bitcoin Faucet, Gavin Andresen has returned 726 bitcoins (approximately $95,000) that were in limbo to the Electronic Frontier Foundation (EFF) - a non-profit organisation that defends free speech, privacy and consumer rights - after a two-year history of the money being sent back and forth. The move comes after the EFF last month said it would once again accept bitcoins via BitPay after a two-year freeze on the currency. Andresen reportedly told the EFF: "I'm satisfied to see these bitcoins will be used as they were intended - as a donation to support the work of the....
Ripple and Youtube had ended a legal battle initiated in April last year amid allegations related to crypto-related scams. The U.S. blockchain company sued the video platform for negligence in acting against crypto scams that impersonated Ripple. Terms of the Resolution Are Confidential During a Twitter thread, Ripple’s CEO Brad Garlinghouse announced both parties have now “come to a resolution to work together to prevent, detect and take down” XRP scams streamed on Youtube. Garlinghouse clarified terms of the settlement are confidential, as the blockchain firm revealed....
CryptoBatesGroup has just launched Crypto Giveaways, an ad-free and newbie-friendly cryptocurrency faucet website. Bitcoin faucets are the ideal place to collect free Bitcoin, but they are often covered with pop-ups and advertisements, frustrating the visitor and sometimes putting them off visiting faucet sites again. CryptoGiveAways.org is a new take on the Bitcoin faucet. Driven by community donations, the site contains no pop-ups or advertisements while still providing precious coins. To claim free Bitcoin is a few clicks, confirming your email address and coin address. The founders’....