Cryptocurrency Brief

Crypto News Flash: BTC, ETH, XRP, EOS, XLM

From a Bitcoin mutual fund breakthrough to the demise of a legal fight for Ripple, here you will get a look at some of the stories breaking in crypto world.

Bitcoin (BTC)

Canada has recently approved the country’s first ever fully regulated Bitcoin mutual fund. Toronto-based NEO Connect recently rolled out its First Block Capital Bitcoin Trust, that allows authorised investors to deposit their capital into the tax savings accounts.

Investors will eventually be able to invest in Bitcoin without actually requiring to hold the asset. It’s one of the most talked about approaches of driving big institutional asset into crypto.

Ethereum (ETH)

Ethereum too is approaching a new milestone of 2,000 decentralised applications on the network. According to State of the DApps, CryptoKitties has held powerful grip becoming the third most popular DApp on Ethereum, since its explosive debut in the second half of 2017.

Ripple and XRP

Ripple and R3 Consortium have finally settled their longstanding legal dispute. R3 sued Ripple Labs last year in September, convicting Ripple of violating a purchase agreement. This agreement allegedly allowed R3 to purchase 5 billion XRP at the cost of $0.0085 per token before the end of 2019.

This dispute amount has increased with XRP trading around $.269, at time of writing. However, the exact terms of this settlement are still confidential.


After being hit with a critical attack that caused a shutdown for at least 24 hours, the EOS Jungle testnet is back online. EOSGO reported that the attacker could create thousands of accounts and flood the testnet with innumerable tokens.

Stellar (XLM)

The Stellar Development Foundation has disclosed the winners of 7th Stellar Build Challenge.

“A total of 1.62M lumens will be awarded across the SBC winners, finalists, semi-finalists, honourable mention and participation categories. In addition, 1.9M lumens will be awarded through the new support initiative – encouraging growth and development for projects and applications that are cornerstones of the ecosystem.”

Depending on the information in this article, investors are advised to do their due diligence before making any high-risk investment in cryptocurrency.