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How Ripple Are Benefitting From the Bitfinex Allegations

How ripple are benefitting from the bitfinex allegations

How Ripple Are Benefitting From the Bitfinex Allegations

How ripple are benefitting from the bitfinex allegations

You will most likley have heard of the Tether/Bitfinex allegations that have been floating around the past week. This scandal has caused a lot of controversy within the cryptocurrency space which constituted the apparent drop in the price of numerous cryptocurrencies in the crypto market.

The third biggest cryptocurrency in the space, Ripple’s XRP has not experienced a significant price surge (really) since the start of the year. Especially when you compare it to other digital assets.

XRP wasn’t affected by the Bitfinex allegations though due to the rate of XRP transaction within exchanges and wallets, meaning that Ripple’s XRP is receiving favour from the attack.

The community around XRP seem to be quite calm though as transactions in the network maintain the stability according to the latest reports.

As reported by Today’s Gazette:

“On 25th April, over 130 million XRP transactions were completed. Five were made from Ripple out of nine transactions while 10 million XRPs were transferred from Brad Garlinghouse-led Company.

26th April saw larger transactions. Over 151 million XRPs were reportedly moved within exchanges and wallets, which summed up to be 16 transactions from the embattled exchange, Bitfitnex.”

The update about Bitfinex and the Tether scandal came up on 26th Apri. Claims suggest that the exchange has been covering a loss of around 850 million US dollars.

Even so, Bitfinex was quick to respond to the claims. In self-defence they said:

“The New York Attorney General’s court filings were written in bad faith and are riddled with false assertions, including as to a purported $850 million “loss” at Crypto Capital. On the contrary, we have been informed that these Crypto Capital amounts are not lost but have been, in fact, seized and safeguarded.”

The message to announce the information was a little too late though as millions of transactions in different cryptocurrencies such as bitcoin, Ethereum and other cryptos were already completed by a lot of investors who were left panicking over what will happen next.

“Just 18 million XRPs were transferred on 27th April. 5 million XRPs were moved in two transactions while the remaining 8 million XRPs were transferred at once.

Published at Sat, 04 May 2019 10:08:33 +0000

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Crypviser Will Encrypt Messages on the Blockchain for Private Communications

Crypviser is building a blockchain-based all-in-one network for secure social and business communications. ICO is currently ongoing.

Improving on Privacy with Blockchain Technology

In today’s Orwellian society, privacy has become a rare and valuable asset that some go to great lengths to protect while others simply throw it away in exchange for convenience. As technology evolves, however, so does access to privacy-oriented tools and their underlying technology.

Blockchain tech has gone a long way in the realm of financial privacy, now Crypviser wants to build upon it and extend its use onto end-to-end message encryption by providing a blockchain-based all-in-one network for secure social and business communications. The project is currently undergoing a crowdfunding campaign that will help fund the development of this network.

 

A unified and secure instant communication network, Crypviser provides real end-to-end encryption and unique blockchain based authentication, the latter of which allows users to truly identify and confirm each other’s identity through the user of private and public keys.

The end result is a secure and private messenger which will also feature its CVCPay system, allowing users to send funds to each other anonymously.

Crypviser ICO & CVCoin

In order to fund the development and marketing of Crypviser’s network, a crowdfunding campaign is currently taking place. Taking the form of an Initial Coin Offering (ICO), the Crypviser’s funding stage ill last until June 30, 2017, during which time investors can buy the CVCoin, the underlying token in the Crypviser’s platform.

The CVCoin is required in order to interact with the Crypviser platform and to cover its transaction fees. Transactions are required to authorize and identify the users’ access to public encryption keys, ensuring that messages cannot be forged nor can they be decrypted.

So far, the Crypviser ICO has managed to gather over $900,000. These funds will be used to cover mobile, backend, and infrastructure costs as well as licensing fees, legal services, operational costs, and of course, marketing.

The Initial Coin Offering is currently ongoing and will last until the 30th of June. Users can invest in the Crypviser ICO using bitcoin, Ethereum, and even USD. Most recently, support for the TIME token was also added. 15 million CVCcoins will be distributed, along with special benefits such as free subscriptions, access to special features, free access to the CVPay system, and more. 

Can Blockchain technology help the internet regain its privacy? Can Crypviser become the merged solution we need for financial privacy and message encryption?

Images courtesy of Shutterstock, Crypviser

The post Crypviser Will Encrypt Messages on the Blockchain for Private Communications appeared first on Bitcoinist.com.

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