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XRP: Coinbase Pro adds XRP to its roster; joins Bitcoin [BTC], Ethereum [ETH] and Litecoin [LTC]

XRP: Coinbase Pro adds XRP to its roster; joins Bitcoin [BTC], Ethereum [ETH] and Litecoin [LTC]

Coinbase, the world’s largest cryptocurrency exchange was in the news recently due to listing announcements as well as its new trade directions. It’s in the news again after the exchange acknowledged the growing request of the XRP community to add XRP on Coinbase, a request granted by the Brian Armstrong-led company.

On 25 February, Coinbase Pro announced that:

“After 10am on February 25, 2019 we will begin accepting inbound transfers of XRP to Coinbase Pro. We will accept deposits for a minimum of 12 hours prior to enabling full trading. Please note that inbound transfers require the specification of an XRP destination tag.”

The organization also stated that once sufficient supply was established on Coinbase, trading of the three pairs, XRP/USD, XRP/EUR, XRP/BTC will commence in phases. Coinbase’s release further said:

“XRP trading will initially be accessible for Coinbase Pro users in the US (excluding NY), UK, supported European Union member nations, Canada, Singapore, and Australia. Additional jurisdictions may be added at a later date.”

What makes this listing so eventful is the fact that the entire XRP community or ‘XRP army’ took a keen interest in getting XRP onboard with bitcoin [BTC] and Ethereum [ETH]. Coinbase was also in the news when the exchange added wallet support for Litecoin.

After the announcement, XRP received a massive boost of 14%, performing an inverted Bart move. This also resulted in the market cap of XRP shooting up to $13 billion, trailing to Ethereum’s $14 billion.

Over the past several months, Coinbase Pro has been actively expanding its catalog of tokens supported on the platform. In August 2018, it added support for Ethereum Classic [ETC], followed by Basic Attention Token [BAT] and privacy-oriented altcoin Zcash [ZEC] in November.

Not everyone was a fan of the cryptocurrency exchange though, with the Bitrefill CCO lashing out at Coinbase. John Carvalho, the CCO of Bitrefill, launched a series of tweets with the first one saying:

“If you love bitcoin, you don’t use Coinbase.”

The post XRP: Coinbase Pro adds XRP to its roster; joins Bitcoin [BTC], Ethereum [ETH] and Litecoin [LTC] appeared first on AMBCrypto.

Published at Tue, 26 Feb 2019 18:03:46 +0000

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Australia: Firms Should Help Authorities Hack Encrypted Messages

Australia is the latest country to announce plans for mandatory decryption powers against services such as Telegram and WhatsApp.

Senator: ‘All Communication Will Use Encryption’

Stating concerns surrounding terrorism monitoring, Attorney-General George Brandis said that “more than 40%” of intercepted messages were encrypted.

“Within a short number of years, effectively, 100 per cent of communications are going to use encryption,” local publication The Age quotes Brandis.

This problem is going to degrade if not destroy our capacity to gather and act upon intelligence unless it’s addressed.

While he added the government would no longer pursue legislation forcing firms to include “backdoor” features to allow state hacking, requiring participation in assisting inquiries may be stepped up in future.

Attorney-General George Brandis

The law, the Senator said, should be “sufficiently strong to require companies, if need be, to assist in response to a warrant to assist law enforcement or intelligence to decrypt a communication.”

Hacking Versus ‘Protection’

Lawmakers will look at updates in the context of international data-sharing, gathering ideas from Australia’s intelligence partners.

Reacting to the idea, industry officials appeared supportive. Former Australian Signals Directorate deputy director Mike Burgess told The Age:

Former Australian Signals Directorate deputy director Mike Burgess

I personally want to live in a world where reasonable people and companies would say, ‘You know what? Under the rule of law, and with the right oversight and a warrant, communications can be listened to when it’s needed to protect us.

While disturbing to users of encrypted messaging platforms, schemes to crack them are by no means limited to over-zealous policymakers responding to perceived terrorism threats.

Russia Mulls Blanket Bans

Across the globe in Russia, encrypted consumer tools are also currently subject to investigation, with authorities publicly calling for an outright ban on the anonymous use of services such as Telegram.

In a May interview with RNS, Telegram  stated:

Not one government or special agency has managed to get one bite of information out of us, and they never will.

It added that due to data being stored in various locations, “forcing Telegram to surrender any form of data would require an unrealistic level of mutual cooperation involving several states.”

Telegram Messenger

Telegram also recently partnered with bitcoin-accepting payments provider Stripe to allow in-app purchases from chatbots. The partnership includes support for Russian domestic payment gateways including Yandex.Money and Qiwi, which are popular with Russian bank card holders.

Regulation of cryptocurrencies, and well as a so-called ‘Russian bitcoin,’ are all part of Russia’s central bank activities this quarter.

What do you think about Australia’s plans for encrypted messaging regulation? Let us know in the comments below!

Images courtesy of AAP, LinkedIn, Telegram, AdobeStock

The post Australia: Firms Should Help Authorities Hack Encrypted Messages appeared first on Bitcoinist.com.

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