#CryptoCorner; Uber creates new cryptocurrency, Ripple surges and Coinbase faces a class-action lawsuit
#CryptoCorner; Uber creates new
cryptocurrency, Ripple surges and Coinbase faces a class-action lawsuit
Point Roberts, WA, Delta BC – March 5, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Crypto Corner – March 5, 2018
By Samuel Mowers at Investorideas.com
Uber creates new
cryptocurrency, Ripple surges and Coinbase faces a class-action lawsuit
Garrett Camp, co-founder of ride-sharing company
Uber, has announced the creation of a new cryptocurrency called Eco. The Eco design proposal claims that “mainstream adoption of existing cryptocurrencies is held
back by issues related to complexity, usability and scalability” and that “Eco
makes significant improvements by 1) forming a verified network, where
universities run nodes, 2) increasing overall token supply, and creating simple
web and mobile apps, and 3) designing a system with more energy-efficient and
coordinated token generation, to reduce overall power consumption.”
Popular cryptocurrency exchange, Coinbase, is
facing a class-action lawsuit over a claim that it unlawfully kept cryptocurrencies that were
exchanged via email in 2013. The lawsuit seeks to recover the cryptocurrencies
exchanged and deliver them to their intended recipients.
Ripple (XRP) has surpassed US dollar parity reaching
$1.05 USD after surging 17% earlier today. A potential impetus for this is a
corresponding surge in South Korean trading volumes.
Sixteen different Japanese cryptocurrency exchanges
have come together to form a self-regulatory organization following a $530
million Coincheck hack in January. A report from Nikkei states:
If approved by the government as an
independent regulator, the body will be able to make a list of virtual coins
that exchange operators are permitted to handle, allowing it to exclude those
of the world's more than 1,500 cryptocurrencies suspected to be used in fraud
or money laundering.
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