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Ethereum founder Vitalik Buterin couldn’t intern at Ripple in 2013

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Vitalik Buterin, Ethereum’s founder and leader (hence the man who created second-generation blockchain technologies) tells the world how he tried to get an internship at Ripple Labs in San Francisco –and failed in a casual tweet.

According to Mr. Buterin, he tried to work at Ripple as an intern during mid-2013. That’s the same year in which he started to develop the project that later became the Ethereum blockchain and network. The reason that kept him away from the company behind the XRP currency was red-tape related to the American visa.

Ethereum’s creator is not a young developer looking for work anymore, but one of the world’s foremost experts in cryptocurrencies and blockchain technology. Oh yes, he’s also a cryptocurrency millionaire. But aside from his personal wealth, his network was the first one to support the development and deployment of decentralized applications and smart contracts.

That achievement has given his network and himself a vast prestige that remains current today, even as the Ethereum network faces significant challenges at the present time. He said that the reason he couldn’t make it to Ripple as an intern was that the company was newly founded.

In his own words:

https://twitter.com/VitalikButerin/status/1119148572107165696

Mr. Buterin needed a visa so he could pursue his career inside the US as he is Russian. And he’s not alone in being denied working options because of visa problems. His shared his “fun fact” to complement a message posted by Brian Armstrong (Coinbase’s CEO) in which he was detailing how Eric Yuan (Zoom’s CEO) was denied a US visa for eight times in a row. That didn’t stop Mr. Yuan’s career who now enjoys an excellent reputation in the technology world.

And the lack of a visa didn’t stop Mr. Buterin either. Ethereum is more prominent and more influential in the crypto verse than Ripple, and its cryptocurrency is also more substantial than XRP.

XRP is indeed augmenting its use in the banking and remittance industry. But a recent revelatory study reveals that about half of Forbes Billion dollar companies use the Ethereum blockchain in one way or another. And Ethereum’s blockchain is several years younger than Ripple’s, so it’s gained more acceptance in less time.

What would have been of the crypto world should Mr. Buterin been able to work at Ripple? Maybe it would have enhanced his creative drive. Perhaps we wouldn’t have an Ethereum network. It’s utterly impossible to know for sure. But the one thing that remains clear is that apparent failure to achieve a goal in the immediate future doesn’t necessarily mean that a person’s plans or future success are done for. Mr. Buterin and Mr. Yuan are living proof to that effect.

The anecdote also speaks about Mr. Buterin’s resilience, which is going to be a vital asset if Ethereum is going to overcome its current challenges. For the last few months, the network has been facing direct competition from Tron, EOS and other third-generation blockchains, and it’s not been faring well.

Ethereum has been falling behind mainly because of performance issues and the price of gas, which is expensive when compared to the low costs in more up-to-date and better-performing blockchains. And that’s why the project needs the founder to set things straight.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

The Tron Weekly token makes it to Blockfolio, a crypto portfolio tracker and exchange

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Tron Weekly cryptocurrency is a Tron-based token issued by the Tron Weekly Journal. Since you’re here, you probably already know that TronWeekly is a Tron-based project which aims to bring all the news related to Tron network under a single umbrella, and Tron-based projects such as decentralized applications and smart contracts so that Tron users can keep updated of the multiple developments happening all the time in Tron.

The token’s use case is to keep the news website going by providing means of payment to all the things you usually need to maintain an online digital editorial enterprise such as the advertisement, compensation for collaborators, etc.

The token has been around for a while now, and it’s found its way to get listed in platforms other than those that typically (almost mandatorily) list TRC10 and TRC20 tokens (which are coins issued using Tron’s token technologies). And, starting yesterday, Tron Weekly Journal has done it again as Blockfolio is now listing Tron Weekly.

Blockfolio is a cryptocurrency portfolio tracker and exchange that’s been around since 2014. It was founded as a mobile app by Peter Lau, Edward Moncada, Charlie Manson, and Ken Feldman. It started as an app, and it remains as an app available for both Android and Apple systems.

The platform’s real strength is the wide variety of cryptocurrencies whose data you can track. They support more than 8000 coins (did you even know there were so many digital assets in the market?) It has many useful features such as customizable alerts and, best of all, it’s free to use.

Additionally, you can use the app to trade many cryptocurrencies. It’s crypto-crypto exchange which means that you can get involved in it as a trader only if you already own some alternative coins you can use to fund your account. No fiat currency trading at all.

And talking about fiat currencies, one of the cool things about Blockfolio is that it lists trading pairs of many crypto assets against several fiat currencies. No, you can’t trade them, but it makes life a lot easier in terms of keeping track of your fund’s value outside the cryptosphere.

Blockfolio’s approach is to keep users as the first priority and provide the best technological tools to help the decentralized movement march on. It committed to offering all that extensive information always free of charge for end-users.

The project doesn’t rest on its laurels as a successful price-tracking app, and it keeps trying to add value for users. Last year it launched Signal. This is a communications platform within the app that allows for representatives of any given blockchain project to communicate directly with any user.

Given the cryptosphere’s global nature, the application is available in twelve different languages: Turkish, Dutch, Ukrainian, Polish, Korean, Japanese, Simplified Chinese, Portuguese, Spanish, French, Russian, and, of course, English.

The new listing will surely bring more attention in the crypto world for the Tron Weekly token and, as a side-effect, to the Tron Weekly Journal and the news that Tron-based projects generate daily. So it’s a good thing for the community as a whole and not just for a single website (us) within the ecosystem.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron (TRX): Wisdom in the guise of two Tesla cars

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It started like this

A few exciting things have happened on March 12th in History. Let’s see. That was the day in which Moscow became Russia’s capital (1918); in 1930 Gandhi started the Salt March, which had momentous repercussions in Indian society; the Truman Doctrine was proclaimed in 1947; it was the day in which the Church of England ordained its first female priest (1994), and we could keep going on.

For cryptonauts, this could become the day remembered because it was when Justin Sun (Tron’s CEO and founder) announced to the world that he was in a thoroughly celebratory mood. Mr. Sun felt like celebrating the current success enjoyed by several of his ongoing projects, namely Tron, USDT (the stable coin that will be co-launched with Tether in Tron’s network), and BTT (the BitTorrent Token that will power the new Tron-based BitTorrent network).

So Mr. Sun used his Twitter account (as usual) to get the party started which consists of a USD 20 million dollar USDT that would happen only after Mr. Sun would randomly give a Tesla car way to one of his Tweeter followers. See, there’s really no question about why Mr. Sun is considered to be one of the most adept marketing tacticians in the world, let alone the cryptosphere.

So the unavoidable happened. The tweet went viral.  Partly because being eligible to join the Tesla raffle required for you to follow Mr. Sun’s Twitter account and to re-tweet said message.

We have a winner!

The lucky winner was to be announced on March 27th, which he was. It was a person who goes by @uzgaroth, from the USA. He, of course, welcomed the news and tried to get ahold of Mr. Sun.

But then, the tweet with @uzgaroth name on it got deleted. Mr. Sun explained that the tweet in question included a video which was just too bulky for Tweeter’s servers to manage correctly. Suspicion ran rampant from that moment on. Mr. Sun is a polarizing figure that some love and some hate, but who leaves nobody indifferent, so the haters took this chance to denounce the whole giveaway thing as a cynical scam.

Or do we?

The Tron Foundation realized that the giveaway’s transparency left something to be desired, so they canceled it. The new owner of a Tesla was suddenly Tesla less. A new draw was announced, this time in a live stream so that no doubts could cast their ugly shadow over the process.

But the man who lost a promised Tesla wasn’t a happy camper at all. He started to complain about being scammed, and he began to get help (and support) from many Tron community members. He created quite a bit of havoc in a community that’s usually known for being friendly and civil.

Both haters and more neutral observers questioned if better transparency should be achieved by undermining Tron’s and Mr. Sun’s hard-earned reputation for always delivering on promises. A lot of discussions went on in Twitter and other places over the web.

Mr. Sun reacted by apologizing to @uzgaroth and offering him a ticker for the next Nitron summit, travel expenses included. While we don’t know if the proposal was accepted, it was useless in terms of quieting things down.

We do have a winner now, seriously…

And then, the day for the “real” draw finally arrived. It happened, and a new winner was announced while the former winner was filling up Twiter with slightly aggressive comments about the giveaway, Tron, Mr. Sun, and all those involved. The new “real) winner was Vietnam’s @LeoHuynhPro.

It could have all ended here, but it didn’t.

Those who were angry, to begin with, got even more upset. Many of them threatened to sell all their TRX tokens and leave the community behind for good. They were asking for the car to be awarded to the original winner, and they were quite vocal and adamant about it. It seemed that the crypto verse’s first popular rebellion (no, we are not counting forks as rebellions) was about to start.

OK, let it be two winners

And then, Mr. Sun showed the world how you could take advantage of a very adverse situation.

He chose to go the Solomonic way by awarding a Tesla to both winners. That way transparency would be ensured, but he would also be honoring his words to the first winner.

That made both winners, happy. The initial winner showed his gratitude and goodwill by deleting the unfavorable posts he had written previously.

But haters always find something to hate. That’s their thing. So even this generous decision by Justin Sun became controversial among some people for reasons we couldn’t possibly understand or explain to you.

https://twitter.com/IrishGirlCrypt1/status/1111706701491814400

Justin Sun has earned a reputation as a shrewd businessman, a charismatic leader, a visionary, but above all, somebody in whose word you can trust, a man who always delivers on every promise he makes.

That kind of prestige is exceedingly hard to earn and, once you have it, the wisest move would always be to keep it shiny. And that is well-worth two Tesla cars, instead of one. Because the trust of what is probably the most active community in the blockchain world, is something that you just can’t buy and, if you lose it, you may not recover it, ever.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

North Korea hacking crypto exchanges to bypass economic sanctions

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North Korea has been behind significant cryptocurrency exchange hacks in an attempt to circumvent economic sanctions as well as obtaining foreign currency. According to the UN Security Council, the country has stolen $571 million from Asian crypto exchanges via the cyber attacks.

Crypto Exchanges Alongside Financial Institutions Hacked

According to Nikkei Asian Review that claims to receive the panel’s report, North Korea has been undertaking the dubious business on overseas financial companies from 2015, but it’s between January 2017 and September 2018 that the country made most of its money.

A panel of experts revealed to the Security Council’s North Korea sanctions committee that the nation had hacked a total of $670 million in cryptocurrency and foreign exchange between 2015 and 2018.

The report indicates that several Asian cryptocurrency exchanges were hacked by North Korea at least five times. Interestingly, the attacks have been associated with being carried out by professional military units which are an essential part of the country’s government policy.

Unfortunately, it’s still unknown that who the victims of the attacks were, but among the ones that do come first in mind is the Japanese exchange Coincheck which was attacked in January last year and suffered a loss of about $530 million. Also, in September last year, another cryptocurrency exchange, Zaif, got attacked and lost $60 million.

Furthermore, neighbors South Korea had an attack as well that is believed to be executed by North Korea. The hack saw personal information of 10 million users of the e-commerce platform Interpark being compromised. Moreover, a ransom worth of $2.7 million was eventually paid in exchange for the stolen data.

Desperate Times

It could be hard to argue against the likelihood that the attacks from North Korea are as a result of the tough economic times the country is undergoing. The UN and the US placed economic sanctions for about 15 years now due to its nuclear program launch.

The panel’s report has seen that a reason for North Korea to hack crypto exchanges for garnering more funds during this desperate time and consequently circumvent sanctions as they are difficult to prosecute, able to be washed several times, and apparently independent of the government regulations.

The North Korea hacking appears to represent a big problem for the UN with the report stressing the need for an action calling the nations to strengthen their ability in promoting information exchange with various governments as well as domestic financial institutions to counter North Korea’s attacks.

Overall, it’s an exciting development. Various countries such as Iran and Russia have looked to bypass economic sanctions using cryptocurrencies. Maybe it’s the start of a new policy for all the nations, or perhaps we’re looking at the commencement of cyber wars. But whatever the case would be, it’s an exciting (yes, not so positive though) move that exchanges, as well as others, have to watch their back.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.