Author: Traderman

Ripple Labs Settles Lawsuit with Former Founder Jed McCaleb

A lawsuit between Jed McCaleb, who co-founded Ripple but left the project at a later date, and current Ripple Labs management, has been finally settled after a protracted legal battle. The lawsuit resulted from McCaleb’s exit from Ripple in 2013. McCaleb – who departed the company while holding a significant sum of Ripple tokens and company shares – had agreed to disburse his holdings on the market according to a …
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South Korea’s KB Kookmin Bank Developing Blockchain Exchange Service

KB Kookmin Bank, one of South-Korea’s largest financial institutions and subsidiary of KP Financial group, has partnered with blockchain solutions provider company Coinplug, to provide cross-border foreign exchange services that will utilize blockchain technology. According to statements released by KB Kookmin Bank, a Memorandum of Understand has been signed between KB and Coinplug. “KB Kookmin Bank is on joint development with Coinplug for the efficient overseas remittance, based on blockchain …
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United Nations Research Institute Releases Paper on Cryptocurrencies in Developing Nations

The United Nations Research Institute for Social Development (UNRISD) has released a working paper on how blockchain technologies and cryptocurrencies can bring about improvements in the financial, insurance and social systems of the developing world. The paper, How Can Cryptocurrency and Blockchain Technology Play a Role in Building Social and Solidarity Finance?, was prepared by Brett Scott, an independent financial consultant and researcher. While the paper provides a good overview …
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Bitcoin Technical Analysis for 02/12/2016 – Many Patterns

While the month of January proved to be quite a volatile month for Bitcoin, February has been much more muted. However, there are some indications that the market is gearing up for action. For instance, the 4-hour chart is showing a nice Head & Shoulders formation. The right shoulder is a little higher than the left one, but the basic pattern is still there. The 4-hour chart is also showing …
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