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Blog URL: https://xrpcommunity.blog/finding-the-common-ground/ All the latest news about XRP is in my latest blog - as well as why finding common ground is crucial for the cryptomarket! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple forms an unlikely alliance with NEM to found a European lobbying organization, Blockchain for Europe; R3 updates Corda to use XRP for settlement upon request; Cory Johnson provides his insights on a panel interview on Decentralization; and Amex shares details of a Ripple technology pilot. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Solstice, a service owned and operated by an XRP Community supporter, upgrades its Aurora ILP service to utilize Kava Lab's Ethereum-XRP plugin. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: An XRP fan integrates the XRP Tip bot with Siri, Apple's AI; The seventh largest crypto exchange adds support for XRP; A new member of the 'default' UNL for XRP provides his perspective on contributing as a validator; The creator of the XRP Community API contacts me directly and updates the API with new, real-time features. Hope you enjoy the read: Please feel free to share my blog on any other platform you wish - and thank you for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
Do you think you have a bad day today Tokyo-based cryptocurrency exchange Coincheck has confirmed that it has suffered what appears to be the biggest hack in the history of the technology. In a press conference at 23:30 JST (14:30 UST), the exchange’s president Wakata Koichi Yoshihiro and chief operating officer Yusuke Otsuka estimated its loss at 58 billion yen (approx. $533 million). According to Bloomberg, which attended the conference, 500 million NEM tokens were taken from Coincheck’s digital wallets. Tweets by Nikkei appeared to indicate that the precise amount stolen may not be fully known until further checks have been carried out into the intrusion. But though the exact dollar figure for the incident is hard to pin down (given the volatile nature of cryptocurrencies and the company’s lack of information), data suggests the figure is now at least over $400 million, factoring for a decline in the value of XEM, the NEM protocol’s token, following the incident. At press time, the price of XEM was $0.85, down from a high of $1.01 today, according to data from Coinmarketcap. Notably, the dollar amount stolen from Coincheck is likely greater than the amount stolen from Mt. Gox in 2014 (pegged at $340 million), though the impact on the cryptocurrency market will be much smaller given the immense increases in market capitalization since. Rumors had been circulating about the theft since early this morning when Coincheck abruptly froze most of its services. The firm announced on its website around 13:00 JST (04:00 UTC) that it had restricted deposits, trading and withdrawal of XEM, the token running on the NEM blockchain. A wider suspension on withdrawals of all cryptocurrencies as well as Japanese yen was announced around 30 minutes later. In the following hour, trading of all cryptocurrencies was also restricted, except bitcoin. According to the latest update, other deposit methods including credit cards have also been stopped. Coincheck is looking into compensating its customers, its executives also announced. It was also revealed that Coincheck was not registered with Japan’s Financial Services Agency, but now plans to do so. Coincheck’s president said he “deeply regretted” the issue.