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New XRP Ledger Foundation gets $6.5 million in donations from Ripple and others
The newly established XRP Ledger Foundation has raised $6.5 million from Ripple, Coil, and GateHub. This non-profit and open-organization was been set up with a goal to accelerate the development of the XRP ledger, the blockchain upon which the XRP token runs. All the three platforms that have put up the funds were built upon the XRP Ledger. According to reports, the foundation aims to improve and develop the XRPL infrastructure and promote scalable and sustainable practice on the platform.
Preliminary tests suggest Nvidia RTX 3000 series may take AMD’s mining crown
The newly released generation of Nvidia graphics cards, the RTX 3000 series, is generating some buzz among miners as it is expected to be a vast improvement over the previous generations. While the cards were initially speculated to be only a minor upgrade, new information seems to confirm that they could reach hash rates of around 100 Megahashes per second for Ethereum and Ethash mining.
European Commission adopts digital finance package for crypto and blockchain
The European Commission is moving to provide more legal clarity and certainty for the cryptocurrency industry in its member states. On Sept. 24, the EC officially adopted a new digital finance package including digital finance and retail payments strategies, as well as legislative proposals on crypto assets. The EC said that the new package represents the first time that the authority proposed new legislation on crypto assets.
Atari's VCS reboot promises standard blockchain gaming features
Atari is the latest big name in gaming to get into the blockchain space with new functionalities on its forthcoming console. The Atari VCS was first released in 1977 to bring classics like Space Invaders and Pac Man into the home. While it can’t compete with the major consoles of the gaming world, Atari’s rebooted VCS console/PC hybrid will have the Ultra blockchain-enabled gaming platform installed as standard.
Huobi crypto exchange launches trading app in Russia
Major cryptocurrency exchange Huobi Global is expanding in Russia by rolling out its native mobile app in the country. Users in Russia can now access Huobi’s spot market and trade major cryptocurrencies like Bitcoin (BTC) through its mobile app, the firm announced on Sept. 23. By introducing the app in Russia, Huobi wants to further expand in one of its most important markets. Russian users account for as much as 10% of Huobi’s total spot trading volume, an exchange representative told Cointelegraph.
Visa, Goldman Sachs and Mick Mulvaney join leading blockchain trade association
On Wednesday, the Chamber of Digital Commerce announced the addition of Visa, Goldman Sachs and Six Digital Exchange (SDX) to its executive committee. Mick Mulvaney, a former White House Chief of Staff and a co-founder of the Congressional Blockchain Caucus will also be joining the chamber’s board of advisors. Mulvaney left the White House in March. On the board, he will be joining a number of figures familiar to Cointelegraph’s readers, including Don Tapscott of the Blockchain Research Institute and former CFTC Chairman Chris Giancarlo, who is now with the Digital Dollar Project.
Beijing sees digital currencies as ‘new battlefield’ in global finance
The People’s Bank of China is placing a strong emphasis on the geopolitical stakes of the country’s central bank digital currency development. An article published in the PBoC-run magazine China Finance this weekend argued that Beijing should “accelerate the pace [of CBDC development] to seize the first track” in the global race to issue fiat digital currencies.
PayPal integration bridges fiat-crypto gap for bitFlyer Europe users
The European subsidiary of bitFlyer, one of the largest Japanese cryptocurrency exchanges,has integrated PayPal deposits to their platforms. The official announcement calls bitFlyer’s integration with the internet payment giant a significant move in bridging the gap between the fiat and cryptocurrency world for European users. While bitFlyer Europe already supports wire card transfers, it takes between one to three days for clearance. The integration of PayPal is expected to make deposits almost instant.
Nvidia doesn't want to give up its 2017 'crypto craze' docs
The legal representatives of technology company Nvidia have argued that its investors are not entitled to access its internal records about the “crypto craze” of 2017 and 2018. During a trial in the United States' Delaware Court of Chancery on Sept. 17, Nvidia's counsel argued that the plaintiffs have failed to show a “credible basis” for why Nvidia should be compelled to hand over the requested company documents.
Police summon Bithumb chairman for questioning over alleged fraud
The drama over alleged fraud involving Bithumb’s senior executives continues as the company’s chairman has reportedly been summoned for interrogation. The Seoul Metropolitan Police Agency is purportedly seeking to question Lee Jung-hoon, chairman of board at Bithumb Korea and Bithumb Holdings, according to a Sept. 18 report by South Korea’s state-run news agency Yonhap.