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Western Union CEO Airs Frustrations With Ripple

XRP isn’t helping Western Union cut costs. Although Ripple champions the cost-saving potential of its products, Western Union hasn’t seen the alleged benefits. In an interview with Fortune published Wednesday, Western Union CEO Hikmet Ersek discussed his company’s recent experiments with XRP, a digital currency supported by the Ripple Ledger. “We are always criticized that Western Union is… Read More »

Ripple’s Chief Cryptographer Says That DLT Usage Isn’t ‘There Yet’

Ripple, the cryptocurrency answer to the real-time remittance, payment, and settlement problem, admits that a blockchain global payment solution may not be ready for prime time. Reuters reported on June 13 that Ripple’s chief cryptographer, David Schwartz, acknowledged that difficulty with scalability, along with concerns about privacy, will likely keep distributed ledger-enabled settlement systems from being embraced by… Read More »

SEC Director Believes Ether (Today) Is Not A Security

But let’s not get ahead of ourselves. At Thursday’s Yahoo Finance summit on cryptocurrency, the director of the SEC’s Division of Corporation Finance, William Hinman, delivered remarks entitled “Digital Asset Transactions: When Howey Met Gary (Plastic).” Today, some publications latched onto Hinman’s statements regarding Ether, the second largest cryptocurrency by market capitalization (behind bitcoin). “Putting aside the fundraising… Read More »

EOS Blockchain Is Live

After prolonged uncertainty, the embattled blockchain platform is now active and ready to use. After months of testing and voting, one of the most anticipated blockchain launches of the year went live at 6 p.m. UTC on June 14. The blockchain platform some have dubbed the “Ethereum Killer” is intended to help improve blockchain scalability and prevent forking… Read More »

Thailand’s SEC May Approve Five ICOs By End Of Month

Now that cryptocurrency laws and regulations have been put into place, Thailand’s SEC is ready to approve ICO fundraising. The Bangkok Times reported June 13 that five new ICO projects will register for consideration by Thailand’s Securities and Exchange Commission (SEC) to begin fundraising procedures after regulatory laws for the cryptocurrency industry come into effect later this month.… Read More »