Ripple Hires Congressional Assistant as Government Relations Manager

Ron Hammond took to Twitter today to confirm to the XRP community that he is the new manager of government relations for Ripple. Token Taxonomy Act On Sept. 3, Ron Hammond took to Twitter to announce that as of today, he is the new Manager of Government Relations for Ripple. Hammond was reportedly part of the team that crafted the Token Taxonomy Act, a bill that would exclude cryptocurrencies from classification as securities, as well as provide the introduction of regulatory certainty for businesses and regulators in the U.S. blockchain…

Whale Alert Teams Up With BitcoinAbuse to Fight Crypto Crime

Whale Alert and BitcoinAbuse are teaming up to fight crypto crimes together. Fighting scammers On Sept. 3, Whale Alert, a service dedicated to tracking large cryptocurrency transactions, announced that it will start collaborating with BitcoinAbuse to better fight cryptocurrency-related crimes. BitcoinAbuse is a public database of Bitcoin (BTC) addresses used by hackers and criminals. Whale Alert went on to say: “We will now report transactions made to scammers and keep track of their assets. You can help make crypto safer by reporting scams, black markets and hacks on the website…

Bitcoin Price Continues to Eye $11K as Most Altcoins See Minor Gains

Tuesday, Sept. 3 — Bitcoin (BTC) continues to eye $11,000, with most altcoins registering minor gains on the day. Market visualization. Source: Coin360 Bitcoin continues to show impressive price movement after trading close to $10,300 for the better part of the day. At publishing time, the No. 1 cryptocurrency is trading at $10,718 — up 2.9% on the day, according to data from Coin360. Bitcoin’s 24-hour price chart. Source: Coin360 Bullish sentiments towards BTC seem to have won out once again as Bitcoin dominance hit 70.5%. Cointelegraph reported at the beginning of August…

Liquid Reveals Blockchain Wallet Holding GRAM Tokens

Japanese cryptocurrency exchange Liquid has revealed that proceeds from its resale of GRAM tokens are being held in escrow in a digital wallet. GRAM tokens, the eagerly awaited cryptocurrency by Telegram, were initially available through two highly secretive and selective ICOs carried out in February and March of 2018. A secondary market for these tokens sprung up and saw resale markups of up to 400%. Telegram is yet to officially confirm any details of the Telegram Open Network (TON), its proposed blockchain, but one of the clauses in the ICO…

Asset Management Giant Puts Government Money Market Fund on Stellar

American asset management firm Franklin Templeton Investments has filed a preliminary prospectus with the United States Securities and Exchange Commission (SEC) for a government money market fund with a focus on blockchain-based shares. According to a Sept. 3 SEC filing, Franklin Templeton’s fund will make investments in a range of products such as U.S. government securities, repurchase agreements, and blockchain-based shares. However, the document notes that the fund will not invest in cryptocurrencies. Stellar network-recorded shares Franklin Templeton chose the Stellar network to record the ownership of the fund’s shares.…

Ripple Transfers 500 Million XRP From Its Escrow Wallet

Fintech startup Ripple has transferred 500 million XRP tokens from its escrow wallet, according to data from Whale Alert, a live tracker for cryptocurrency transactions, on Sept. 3. The San Francisco-based firm has moved 500 million of its native XRP tokens (around $130.1 million at press time) from its escrow wallet to Ripple. The latest token transfer is one among many other enormous transactions to and from Ripple, which have generated resentment within the community as some of its members accuse the company of dumping XRP tokens and crashing its…

Winklevoss’ Gemini Introduces Sub-Accounts Feature for Institutions

New York-based cryptocurrency exchange Gemini has introduced a sub-accounts feature for institutional customers — enabling the creation of unlimited multiple accounts under one master account. In a Sept. 3 announcement, the company led by Cameron and Tyler Winklevoss claimed to be the world’s first crypto exchange and custodian to support such an option. “Most commonly requested feature” Once a user creates a set of sub-accounts, they can segregate trading strategies, funds and end customers, as well as earn volume-based trading fee discounts in a simpler way. The announcement further explained:…

Huobi’s Blockchain Phone to Launch in Southeast Asia Next Week

Chinese crypto exchange Huobi plans to launch its blockchain-powered smartphone Acute Angle in Southeast Asia next week. Official launch is coming next week Huobi’s new blockchain phone was already available to some users in China, but the actual launch is scheduled for next week as part of the sixth Huobi Prime launch, according to a Finance Magnates report on Sept. 3. Priced at around $500, Acute Angle smartphone can be purchased with the exchange’s native Huobi Token (HT). The new Android-based blockchain phone has reportedly been developed in collaboration with…

HTC, Alibaba Join $3M Investment in Blockchain Property Rights Startup

Taiwanese blockchain digital property rights startup Bitmark has secured $3 million in a funding round led by Taiwan’s electronics giant HTC. Specializing in securing digital property rights through blockchain technology, Bitmark will use the investment to expand its sales and marketing efforts, according to a press release published on Sept. 3. Other investors include Alibaba, DCG and WI Harper The recent series A funding round was also participated by existing and new investors including Chinese e-commerce giant Alibaba, venture capital firm WI Harper and crypto-focused investor Digital Currency Group, the…

Elliptic Raises $23 Million in Funding Round Led by SBI Holdings

Cryptocurrency compliance company Elliptic has raised $23 million in a Series B funding round led by Japanese financial powerhouse SBI Holdings. Elliptic continues to expand in Asia According to a press release shared with Cointelegraph on Sept. 3, the funding will be used to support continued expansion into Asia, with new offices opening in Japan and Singapore.  The new investment will purportedly accelerate product development to support asset-backed cryptocurrencies such as Facebook’s Libra, Line Corporation’s LINK and central bank digital currencies. Founded in 2013, the company was established to support…