Apple Hint, XRP Dump, Mystery $1 Billion Transfer: Hodler's Digest, Sept. 2-8

Published on by Cointele | Published on

Concerned that prices are crashing, Twitter user Crypto Bitlord started a Change.org petition urging the fintech startup to stop dumping, adding: "It's amazing this sort of behavior is widely accepted in the crypto world." Thursday saw yet another petition adopt a more sarcastic tone, urging Ripple to increase the dumping of XRP and "Unleash the utility!" The company says it is selling XRP to invest in firms that could help its ecosystem grow and to fund its operations.

Apple exec says cryptocurrency "Interesting" - has long-term potentialWe've had the iMac, iPod, iPhone and iPad could an iCoin be in the cards? Jennifer Bailey, the vice president of Apple Pay, has dropped a hint that the tech giant is keeping a close eye on developments in the crypto industry.

Although analysts have said a similar project from Apple "Would be a major shot in the arm for crypto," there would likely be intense scrutiny from U.S. politicians - and it's unclear whether the company has the stomach for such a fight.

The option of paying in crypto was discreetly added to its delivery website and mobile application in Germany, but it's unclear whether the payment method is being accepted in the hundreds of physical restaurants it has across the land.

Someone moved $1 billion for a $700 fee, overpaying 20 times There was a lot of head scratching going on this week when someone moved 94,504 BTC - worth a billion dollars - and spent a whopping $700 on fees.

Given the sender could have settled the transaction in 10 minutes for a fee of about $35, the crypto community was left baffled as to why they ended up paying 20 times more.

For more info on crypto prices, make sure to read Cointelegraph's market analysis.

The entrepreneur said Square will shift its focus to services that add value, rather than enable money to be moved around, once crypto reaches the magical milestone of becoming the currency of the internet.

A man swiped someone's cell phone and allegedly stole crypto worth $15,472 from a Coinbase account on the device - transferring it to his PayPal account.

IRS expands penalties: Which tax mistakes are better not to commit The United States Internal Revenue Service says it is digging hard when it comes to crypto - investing tax evasion and poor compliance.

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