XRP can now be used as collateral for $2 million instant loans

XRP has gained more utility as an asset in the greater asset class of cryptocurrencies, as it can now be used as backing for a loan of fiat money up to $2 million. This service is offered by a company claiming to be the world’s first instant cryptocurrency-backed loan service known as Nexo. The platform…

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New Zealand PM Used As Pawn In Fake News Site

Jacinda Arden, Prime Minister of New Zealand has had her face used by a fake news site in order to promote articles aimed at Facebook to encourage a crypto startup. A local media source, ‘Stuff’ reported on Friday that multiple sponsored posts have recently been promoted on Facebook by using the likeness of the New…

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Tether (USDT) Is Off The Hook: There Is Zero Evidence To Prove That It Was Used To Manipulate Bitcoin’s Price, Study Says

Latest research that has been conducted by Ph.D. Wang Chun Wei concluded that there is no evidence that the USDT was used as a tool to manipulate Bitcoin (BTC)’s price back in 2017. The study is called The Impact Of Tether Grants On Bitcoin, and it has been written in May 2018 and used as…

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Recent Drupal Exploit Is Being Used to Illegally Mine Cryptocurrencies

Cybercriminals often target known and unknown exploits found in operating systems and web architectures. Evidently, someone took advantage of a recent Drupal exploit to mine cryptocurrencies in an illegal manner. Although the exploit was patched in late March, there are still some concerns over how exactly this exploit was leveraged. A Drupal Exploit Enabled Crypto Mining As is…

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IBM VP Confirms Stellar Lumens Will Be Used as Bridge Asset

IBM is one of the major technology giants paying close attention to blockchain technology. The company has high hopes for this technology, although it remains to be seen how Big Blue will incorporate it exactly. Interestingly enough, its VP recently confirmed that Stellar is a “big” part of the company’s IBM blockchain platform strategy. IBM and Stellar Make an…

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