Written by Kyle Protho

Data Analyst at ICO Alert. Intelligence analyst by trade. Passionate about blockchain technologies.
April 5 2018

ICO Alert Crypto Minute: April 5, 2018

ICO Alert Crypto Minute: April 5, 2018

Bloomberg discovers Ripple offered cash to be listed on largest exchanges, top 5 cryptocurrency price changes, and more!

Bloomberg has discovered that Ripple attempted to pay financial incentives to the two largest cryptocurrency exchange platforms, Gemini and Coinbase. Image from Visual Generation.

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.


Data pulled from CoinMarketCap.com at 8:05AM EST.
Data pulled from CoinMarketCap.com at 8:05AM EST.
Data pulled from CoinMarketCap.com at 8:05AM EST.
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Topics: Blockchain, Cryptocurrency, Crypto Minute, Ripple, Alibaba