Ripple

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ShapeShift Completes US$1.6M Funding Round Led by DCG, Roger Ver

ShapeShift.io completed a funding round of US$1.6 million led by Barry Silbert’s Digital Currency Group and Roger Ver. The other participating investors include major exchange Bitfinex, Bitcoin Capital - Max Keiser and Simon Dixon, Mardal Investments, and top industry angels, including Bruce Fenton, Trevor Koverko and Michael Terpin. Since its launch in...
Ripple

Ripple Labs Hires Former Paypal Payments CFO

Ripple Labs announced that it has hired Bret Allenbach as Chief Financial Officer. Allenbach was CFO of Payments at PayPal, as well as Visa's VP of Finance. At PayPal, Bret helped develop a finance risk model that took the company to the next level. Ripple Labs CEO and co-founder Chris Larsen noted: Bret adds...
Ripple

IDC Says Ripple “Best Placed to Take Market Share” of Payment Systems

International Data Corporation (IDC) has presented research that projects the Ripple protocol becoming market leader in banking transaction systems. IDC summarizes the findings of the research: IDC expects that payments through Ripple or similar protocols will grow exponentially in the years ahead. As such protocols supersede Bitcoin, the distinction between...
Ripple

Ripple Labs Awarded “Technology Pioneer” by World Economic Forum

Ripple Labs has selected by the World Economic Forum as one of its “Technology Pioneers” for its innovative distributed ledger technology. The Technology Pioneer award recognizes companies around the globe for their ability to innovate groundbreaking technology and develop solutions with the potential to transform the future of business and...
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World Econ Forum Classifies Blockchain Tech as Payment Disruptor, Mandates “Beat Them or Join Them” Research

The World Economic Forum (WEF) recently published a report titled "the Future of Financial Services" that looks at how disruptive innovations are reshaping the structuring, provisioning, and consumption of financial services. In the report. cryptocurrencies and blockchain technologies featured as innovations that will present challenges for financial services stakeholders. It is...
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Spanish Banking Giant Santander Sees Blockchain Tech Cutting Banking Costs $15-20B Yearly

Santander InnoVentures, the venture funding unit of Spanish banking giant Santander Group, recently released a paper called Fintech 2.0, promoting technological innovations that will reinvent financial services. The authors of the paper believe that the combination of the Internet of Things, distributed ledgers - essentially blockchains - and smart contracts will...
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ShapeShift Releases iPhone App for Trading Major Altcoins “Instantly”

ShapeShift.io has just made available an iPhone iOS app for its "instant" cryptocurrency exchange platform. Users can now trade Bitcoin with Ripple, Litecoin, Dogecoin, Monero, Counterparty, Dash and other altcoins rapidly with their iPhone. ShapeShift.io Founder and CEO Erik Voorhees, commented: Since inception, ShapeShift has changed what is expected of...
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ShapeShift Releases New Pricing Algorithm, Enabling Better Rates Over 700 Trading Pairs

Instant cryptocurrency trading exchange ShapeShift AG has released a new pricing algorithm. The update enables better rates across over 700 trading pairs on the exchange. Major digital coins such as Bitcoin, Ripple, Litecoin, Dash, Dogecoin, BitShares, NXT, and Counterparty can be traded instantly at these better rates, according to the...
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Something is Rotten in the State of OKCoin

May kind of closed out as another “mensis horriblis” for the Bitcoin ecosystem. The Silk Road founder Ross Ulbricht was sentenced to life in prison for running a billion dollar anonymous black market for drugs. The other blockchain shaking news was the eruption of the scandal regarding OKCoin, the China-based...
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Cryptocurrency & the Blockchain – Fiat Replacement, Alternative or Parallel? Can It Save Greece?

With a projected US$1 billion in venture capital invested for 2015 and a rapidly growing user base, it is fairly obvious now that cryptocurrency and the blockchain technology have an important role to play in the development of global financial technology going forward. The question is whether digital currency could replace fiat...
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