Blockchain 

Ripple Reports Major Growth in XRP Sales in First Quarter

American financial technology firm Ripple, which is responsible for the development of the cryptocurrency XRP, has declared its fiscal first-quarter results. The company, which was founded in 2012, is the largest holder of XRP, the third biggest cryptocurrency in the world, and is based in San Francisco, California. It has offices located around the world. The currency XRP, in itself, is decentralized. According to the Q1 2019 results, the company reported major growth in XRP sales, and that is positive news for the broader crypto market, which has been largely…

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Blockchain 

SIRIN Labs Loses One Quarter of Its Staff to Poor Finney Sales

According to media site Globes, the team behind blockchain smartphone Finney has laid off a quarter of its workforce. Sirin Labs has let go of 15 team members after overestimating sales of its innovative device. The company said it had received 160,000 Finney pre-orders in late 2018, so what’s happened? Sirin Labs Loses Workforce The company has said in late 2018 that it only needed to sell 80,000 devices in order to make a profit. Now it seems, not only have those pre-orders not translated to actual sales, it hasn’t managed…

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Bitcoin 

Bitcoin (BTC) | Man Faces Up to Five Years for Unlicensed BTC Sales

A US citizen from California has just pled guilty in federal court for operating an “unlicensed money business” selling Bitcoin (BTC), called LocalBitcoins.com. The Department of Justice (DoJ) released a press release about the case yesterday, October 29th. Unlicensed Bitcoin (BTC) Sales Jacob Burrell Campos has admitted to selling “hundreds of thousands” of dollars in Bitcoin (BTC) to over 1,000 customers on LocalBitcoins.com. The transactions took place from January 2015 to April 2016. The DoJ has characterized his sales as an unregistered ‘Bitcoin exchange.’ Burrell failed to register his business with…

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