Blockchain 

Ripple (XRP) Gains After Bank of America Includes Ripple Ledger

Ripple (XRP) has turned bullish as the number of banks leveraging its decentralized network for cross border payments continues to rise. Reports that Bank of America has filed a patent for a settlement system citing Ripple ledger is one of the catalysts fuelling XRP price action right now. Ripple Price Catalysts The patent describes a system that utilizes a distributed ledger technology to facilitate interbank communication. With the proposed system, BAC seeks to enable real-time settlements through a decentralized ledger. The filing of the patent is of great importance as…

Read More
Cryptocurrency 

The GateHub Hack | More Than 100 XRP Ledger Wallets Affected

In the crypto space, it’s not uncommon to see a crypto wallet get hacked. It’s unfortunate, of course, but not unusual. And the latest crypto wallet hack came this week. On Thursday, GateHub said more than 100 customers have had their ledger wallets hacked, resulting in their funds being stolen. Here’s everything we know. GateHub Hack: What We Know On Thursday, June 6, GateHub published a “preliminary statement” on its blog. In the post, the crypto wallet said more than 100 customers have had funds on their XRP Ledger wallets…

Read More
Blockchain 

Automobile Blockchain | Toyota, Ford, & GM Looking at Distributed Ledger

Automobile blockchain: Various companies around the world began jumping on the blockchain bonanza last year when cryptocurrency spread like a wildfire in the media and grew in popularity. Everyone tried to see how this new technology could benefit their current systems or even ride the blockchain ‘buzzword’ for a while. Long Island Iced Tea Inc, an iced tea company and tea distributor, jumped on board and changed their name to Long Blockchain Inc to gain some stock momentum as NASDAQ was threatening to de-list them. Another area that began looking into the…

Read More