Ripple, a leading real-time gross settlement system and currency exchange network, has announced its $29 million donation in support of public schools in the United States. The donation comes in the form of XRP. The company stated “Our donation fulfilled every request listed on the nonprofit’s website yesterday. Today, nearly 30,000 public school teachers in every state and approximately one million students are receiving books, school supplies, technology, field trips, and other resources vital for learning through DonorsChoose.org.” [Bitcoinist]
Researchers from a broad collection of renowned institutions point to serious flaws in Monero’s privacy protections. The faults suggest that, while still better than Bitcoin, the privacy features of Monero are far from being invisible. The researchers found two major issues with the anonymous cryptocurrency. First, mixins are sampled from a distribution that does not resemble real spending behavior, and thus the real inputs can usually be identified, referring to one of the flaws in Monero’s blockchain, the paper reads “In any mix of one real coin and a set of fake coins bundled up in a transaction, the real one is very likely to have been the most recent coin to have moved prior to that transaction.” The second flaw is that most Monero transaction inputs prior to February 2017 contain deducible mixins, and can be traced to prior transactions via analysis. [Bitcoinist]
Two cryptocurrency exchanges in Japan are reportedly set to cease operating amid growing scrutiny from regulators in the wake of a $500 million theft. Two exchanges – Mr. Exchange and Tokyo GateWay – are withdrawing previously filed applications with Japan’s Financial Services Agency (FSA) in which they sought approval to launch services to domestic customers. Exchanges in Japan are required to register with the FSA, as mandated by a law that went into effect in March. [CoinDesk]
Interest in cryptocurrency-related jobs has declined in parallel with a slump in cryptocurrency prices\ According to a new report released Wednesday, cryptocurrency-related searches on the site climbed from June through mid-December of 2017, peaking at 39 searches per million for the term “bitcoin” and 46 searches per million for the term “cryptocurrency.” However, Indeed reports that interest in blockchain-related roles has endured, with the search term garnering 47 searches per million at the time of the report – only slightly lower than during its February high. Indeed concluded “Rightly or wrongly, blockchain is seen by job seekers as a viable innovation whether or not bitcoin and other cryptocurrencies are.” [CoinDesk]
And lastly, Bitfinex, the fifth largest crypto trading platform in the world in terms of trading volume, intends to relocate its business to Zug, Switzerland. CEO Jean Louis stated “We are looking for a new domicile for Bitfinex and the parent company iFinex, where we want to merge the operations previously spread over several locations,” [CoinTelegraph]
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