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  • Ripple Scores Victory in XRP Lawsuit, Vitalik Buterin on Ethereum vs. Bitcoin, and Crypto Exchange Binance Offers $100,000 Reward

Ripple Scores Victory in XRP Lawsuit, Vitalik Buterin on Ethereum vs. Bitcoin, and Crypto Exchange Binance Offers $100,000 Reward

March 02, 2019

Ripple and XRP

Ripple has convinced a judge to keep a class-action lawsuit against the company in federal court.

Ripple securities class action update: The Court has denied the plaintiffs' motions to remand. This means the case stays in federal court, a minor but meaningful victory for Ripple.

The plaintiffs will file an Amended Consolidated Complaint by March 30.https://t.co/4gdQVaCrlM

— Jake Chervinsky (@jchervinsky) March 1, 2019

The lawsuit accuses Ripple of selling XRP as an unregistered security. Ripple pushed to bring the case to federal court, where corporate defendants are often perceived as getting more sympathetic treatment.

Vitalik Buterin on Bitcoin vs. Ethereum

Ethereum creator Vitalik Buterin is laying out the differences between Bitcoin and Ethereum.

In a new interview, Business Insider asks Buterin to explain the biggest issue with Bitcoin that he is trying to fix with Ethereum. According to Buterin, Bitcoin is like a pocket calculator —a powerful app that does one thing really well. On the other hand, Ethereum is more like a smart phone.

“Think of the difference between something like a pocket calculator and a smartphone, where a pocket calculator does one thing, and it does one thing well. But really, people want to do all these other things. And if you have a smartphone, then you have a pocket calculator as an app, you have a music player as an app, you have a web browser as an app, and pretty much everything else.

So basically, taking that same kind of idea of increasing the power of the system by making it more general purpose and applying it to blockchains.”

Binance Offers $100,000 Reward

Binance is handing out a total of $100,000 to users who test the company’s new exchange, Binance DEX.

https://twitter.com/cz_binance/status/1101390796136169473

“All users who hold at least 1 real BNB on their Binance account will be eligible to participate in this Binance DEX Simulated Trading Competition. Each Binance.com account is able to register a maximum of 20 Binance Chain addresses and will receive 200 virtual testnet BNB tokens to each address to use as their starting funds before the Binance DEX trading competition begins.”

Binance DEX launched for public testing on February 20th. The peer-to-peer system uses Binance Chain, a custom blockchain developed by Binance.

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