The Crypto Roundup: 10 June 2024

Latest price and news from the crypto space

Latest price from our hand picked list of digital assets

Top stories in the Crypto Roundup today: Visa chief executive says “no one has yet officially joined” Libra, Ripple chooses CryptoCompare’s Top Tier Exchanges in push for more “legitimate trading volume” and Telecommunications giant Verizon recruits for an in-house blockchain development team.

Bitcoin (BTC) recovered from a low of $9,566 yesterday and is trading at the time of writing at $10,071 (3.45%) with a daily volume of $3.9bn, while ether (ETH) is trading at $221.83 (6.94%) with a daily volume of $1.82bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,688.36 (4.34%).

Visa CEO: ‘No One Has Yet Officially Joined’ Facebook in Libra Project

Speaking on a third-quarter earnings call Tuesday evening (ET), Visa chairman and chief executive Alfred F. Kelly revealed the payments processing behemoth had not “yet officially joined” Libra, the controversial stablecoin project announced last month by Facebook.

“We have signed a nonbinding letter of intent to join Libra,” Kelly said. “We’re one of, I think it’s twenty-seven companies that have expressed that interest. So no one has yet officially joined.”

“It’s really, really early days and there’s just a tremendous amount to be finalized,” Kelly added. Visa is among a host of market-leading corporations—such as Uber, Spotify, and eBay—that were last month announced as soon-to-be founding members of the Geneva-domiciled Libra Association.

Ripple Picks CryptoCompare’s Top Tier Exchanges For ‘Legitimate Trading Volume’

Ripple—the U.S.-headquartered blockchain technology company behind the eponymous payment protocol—announced it will begin using CryptoCompare’s Top Tier (CCTT) list of exchanges for its trading volume reports.

Having “worked with trusted partners to evaluate new sources of legitimate trading volume,” Ripple stated in its July 24 quarterly XRP Markets Report, it “decided CryptoCompare’s Top Tier (CCTT), the exchanges rated “AA,” “A,” and “B” by its Exchange Benchmark, offers a more complete look on the quality, regulatory environment, management, and structure of exchanges that filter out a majority of unverified volumes.”

Telecom Giant Verizon Recruiting for Blockchain Developers

Verizon Wireless—the trading name of New York-headquartered telecommunications company Cellco Partnerships—is looking to build an in-house team of blockchain developers, according to its careers page.

As initially reported on by The Block, “the firm is advertising for five blockchain engineers, as well as a “blockchain technology development” lead,” Moreover, a keyword search of ‘blockchain’ yields thirty-one results, all of which were posted by Verizon as some stage during the past six weeks.

Speaking to “a leading engineer in the space” about the degree of difficulty involved with identifying competent blockchain developers at present, The Block was told “it’s getting harder to find good calibre candidates in blockchain.”

Beyond Blockchains: Security tips for startups and crypto exchanges

Although blockchains themselves, if they are designed correctly, can be considered nearly infallible and immutable, the more typical internet architecture surrounding and supporting blockchain ventures and services is just as porous as anything else on the internet. And the flipside to these immutable quality is that, when crypto is stolen, there is a very small chance of getting it back.

So-called “legacy” internet security issues thus surround the emerging blockchain and crypto industry. Not only do blockchains, blockchain applications, and smart contracts need to be well built and secure in their own operations, but all of their connections to the internet and users must also be secure. After all, what good is immutability if the on- and off-ramps to and from it are not secure?