Bloomberg Discovers that Ripple Offered Financial Incentives to Largest Exchanges In Attempts to Get Listed
Bloomberg has discovered that Ripple attempted to pay financial incentives to the two largest cryptocurrency exchange platforms, Gemini and Coinbase, in an attempt to get listed on those platforms. Specifically, a Ripple executive inquired if a USD 1 million cash payment could persuade Gemini to list XRP in Q3 2017. Because U.S. regulators suggested tokens on unlicensed exchanges may be deemed securities, the largest exchanges have been reluctant to list Ripple because the XRP is mostly controlled by a single company.
Alibaba Sues Alibaba Foundations for Copyright Infringement
Alibaba, the large Chinese e-commerce company, has sued the Alibabacoin Foundation, an ICO-funded project based in Dubai, for copyright infringement. According to CoinTelegraph, the Alibaba Foundation has raised USD 3.5 million by selling a cryptocurrency called Alibabacoin via an ICO. In court document filed in a U.S. District Court in Manhattan, Alibaba accused the Alibaba Foundation of “prominent, repeated, and intentionally misleading” behavior.
Bancor Launches Native Wallet Allowing Cryptocurrency Conversions Without Exchange
Bancor has launched a native wallet that will allow for cryptocurrency conversion of ERC20 tokens without an exchange. According to TechRepublic, Bancor’s digital wallet and token conversions should increase liquidity for users. Bancor’s co-founder, Galia Benartzi, claims that cross-chain support is in their future development plans.