CEO of Bitcoin and Crypto Exchange Binance Defends Ripple and XRP, Ethereum Devs Lock Hard Fork, and IOTA Launches Alpha and Omega

The CEO of leading cryptocurrency exchange Binance is weighing in on the debate on whether Ripple violated US securities laws through its sale of XRP.

Changpeng Zhao says he believes XRP is not a security, and if the SEC were to declare it as such, a large number of investors in the US would be adversely affected.

The court case may take years. But if XRP is ruled as a security, it would seriously hurt a lot of US users, and to a certain extent, other users around the world too. It certainly doesn't look like a security to me, but that's just one person's opinion.

— CZ Binance (@cz_binance) December 12, 2018

Meanwhile, Ethereum’s January hard fork is earning support from the community.

A new GitHub update shows Ethereum’s biggest software client Go-ethereum is now on board and ready to implement the Constantinople hard fork.

The fork is set to happen around January 16th and is designed integrate a number of improvements, including a boost to Ethereum’s overall network efficiency and a restructuring of the platform’s miner rewards policy.

Finally, the IOTA Foundation is launching two new development teams called Alpha and Omega.

Alpha will work on improving IOTA’s existing ecosystem, while Omega will focus on making sure IOTA’s long-term goals are accomplished.

“Development in Omega will take a different approach going forward, working in a ‘garage style’. Every member picks a piece of work, preferably something isolated. All work should be split into smaller pieces which can be coded in short bursts, and committed to GitHub right away. This allows other Omega team members see what the others are doing, and also allows the community to see what we are doing and contribute to our codebase. So please keep your eyes peeled on Github and Discord.”

You can learn more about IOTA’s new teams here.

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