Former Ripple CTO may have lost much more than $220M in Bitcoin
Current CTO David Schwartz claims Stefan Thomas created hundreds of accounts with 1.0 BTC "because that was the fastest and easiest number to type" for his experiments. David Schwartz, current chief technical officer at Ripple, is responding to reports his predecessor had lost access to hundreds of millions of dollars in Bitcoin. In a Quora post on Thursday, Schwartz said recent reports about former Ripple CTO Stefan Thomas forgetting the password to an encrypted hard drive containing thousands of Bitcoin (BTC) were true, but added Thomas had also lost access to hundreds of coins when the....
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Welcome to the CryptoCoinsNews weekly altcoin news update, where we examine important altcoin stories that have gone under-the-radar. This week's issue examines the recent Ripple price rise and the astounding early success of the Ethereum project's Ether sale. Ripple Price Recovery? The Ripple community has undergone significant turmoil over the past several months. In addition to speculation about internal dissension at Ripple Labs, the community endured a significant price decline after co-founder Jed McCaleb announced he was selling his entire XRP holdings. Within 48 hours of McCaleb's....
Ripple’s XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token’s plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked crypto token had seen traded volumes of $4.85 billion recorded in 24 hours. $1.3 Billion Lawsuit As data on markets.Bitcoin.com suggests, the sell-off of the XRP token appears to have been sparked by Ripple CEO Brad Garlinghouse’s warning that the SEC was....
As the lawsuit with the U.S. Securities and Exchange Commission (SEC) continues, Ripple CEO Brad Garlinghouse insists that the Commission has provided no clarity in crypto regulation. He said the SEC is using its meetings with crypto companies as lead generation for enforcement actions, and the agency has lost sight of its mission to protect investors.
Ripple’s CEO Claims SEC Uses Meetings With Crypto Companies as Lead Generation for Enforcement Actions
Amid the SEC’s lawsuit over XRP, Ripple CEO Brad Garlinghouse reiterated his concerns over the lack of clarity in....