The Crypto Round-Up: April 28th, 2021

Last week of April’s crypto update! Ripple is making some noise in the headlines with their Bitcoin mining proposal and their Former CTO’s XRP dump. Another is Facebook’s comeback in their digital currency Diem, which is about to launch its pilot this year. Both Ripple and Facebook have experienced opposition from regulators, yet there are still making great announcements in the community. We always look forward to more amazing news like these next month!

Eco-Friendly Bitcoin Mining Proposal

Bitcoin’s high-energy consumption has been criticized in the past few years. As the crypto prices increase, the energy consumed in crypto-mining is also expected to grow. With the growing competition of cryptocurrencies, developers are now seeking fast and efficient mining methods. Ripple’s co-founder, Chris Larsen, encouraged the use of eco-friendly models of bitcoin mining to maintain Bitcoin’s market dominance. Read more

Facebook’s Diem Pilot Soon to be Launched

In June 2019, Facebook introduced its first digital currency named Libra. It has faced oppositions from regulators around the world which led to losing its major backers Visa and Mastercard. After two years, the Facebook-backed digital coin named Diem is expected to launch this year. Read more

UK Jurisdiction Taskforce Publishes Digital Dispute Resolution Rules

The UK Jurisdiction Taskforce of LawtechUK (UKJTL), chaired by Sir Geoffrey Vos, Master of the Rolls, has published the Digital Dispute Resolution Rules. The Taskforce notes that the new rules allow parties to resolve their disputes by an arbitrator. Read more

Former Ripple’s CTO Dumps His XRP Holdings

There were 200 million XRP coins released by the former Ripple CTO and one of the company’s co-founders, Jed McCaleb. McCaleb helped found Ripple’s Labs in 2012 has made 11 transactions from his “tacostand” XRP wallet. Read more