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Crypto News Flash: Bitcoin (BTC), Tron (TRX), Litecoin (LTC), Ripple and XRP, IOTA

September 12, 2018

From Bitcoin vs. cold hard cash to a successful pilot for IOTA, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin (BTC)

An expert on illicit finance told US lawmakers that despite rumors and fear mongering, Bitcoin is not useful to terrorists.

The director of analysis at the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance told members of the US House of Representatives that “cold hard cash is still king,” reports Forbes. Terrorist groups have tried and failed to raise funds in crypto a number of times.

Ripple and XRP

Ripple has released version 1.0.0 of ripple-lib, a high-level JavaScript interface for the XRP Ledger.

The new version features “a range of changes and improvements that make the library more capable and flexible. It includes new methods for accessing rippled APIs, including subscriptions.”

IOTA

ElaadNL, an open alliance that has established a network of more than 3,000 public charging stations for electric vehicles in the Netherlands, says it has successfully tested a new proof-of-concept based on IOTA and using its distributed ledger technology, the Tangle.

The alliance first started testing an IOTA-powered charging station five months ago and built several “mini-Teslas” to conduct the tests.

According to Invade, the station “operates autonomously and takes care of communication and payment with the end user. The meter values are stored every 15 minutes in the Tangle, which ensures reliable and irrefutable administration.”

Litecoin (LTC)

A new web-based wallet for Litecoin is in development.

Litecoin.gg says it’s creating a secure wallet that works anywhere with an internet connection, with zero downloads and no usage fees.

The project’s developers say they will not be able to access private keys, which will be stored on an encrypted database that can only be decrypted using your account password.

(a) Web-based wallet technology comes with inherent risks that could lead to a potential financial loss, more info: https://t.co/ySCgtqdlBG 

(b) https://t.co/QxvYtJXKTH is an independent wallet system not affiliated with the Litecoin Foundation or Litecoin Core.

— Edin Jusupovic (@oasace) September 11, 2018

Tron (TRX)

Tron’s newly acquired BitTorrent has unveiled a description of “Project Atlas,” detailing how BitTorrent will work with Tron in the future.

“BitTorrent peers can offer tokens to incentivize other users to run clients on fast networks and to seed torrents for longer periods, leading to better swarm longevity and faster download speeds for all swarm participants.

Users can earn tokens for continuing to seed files after a download is complete. Storage and bandwidth will be infused into the torrent ecosystem, causing a rising tide of higher availability and longer torrent lifetimes.”

So far, there is no roadmap for when Project Atlas will be released.

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