XRP prices have surged following news that Ripple has acquired Algrim, a cryptocurrency trading firm based in Iceland. The token had previously been trading near the $0.24 mark, following the the sudden sell-off early last week.

That changed at approximately 09:00 GMT Monday when XRP began to rise, peaking at nearly $0.26 per token at around 13:00. That two-cent gain amounts to nearly a billion-dollar increase in market capitalization.

A proposed law in California could have a disastrous impact on both the U.S. cryptocurrency scene and the global industry, according to a newly-launched advocacy group.

Launched today, The Aquarian Advocacy Group (TAAG) says it will campaign against the proposed Uniform Regulation of Virtual Currency Businesses Act, which is currently under debate in California’s State Assembly. 

This weekend has been more tumultuous than usual. Bitcoin briefly crashed back below $8000, touching a low of $7700 before recovering back today.

The other coins find themselves following Bitcoin through varying degrees of correlation, with the notable exceptions of XRP and Algorand.

Another altcoin network is pivoting to a new algorithm to prevent mining centralization. . Ravencoin, a network for asset tokenization, is expected to implement a hard fork tomorrow over fears that nearly 50% of the network is controlled by ASIC miners.

Designed with the little guy in mind, Ravencoin was conceived from the start as a cryptocurrency that would keep mining power in the hands of as many people as possible.

• Binance Coin has fallen to its weakest trading level since March 2019
• The daily frame shows that the $10.00 level is the likely bearish target.
• The cryptocurrency has lost over sixty-five percent from its current yearly trading high.

Binance Coin remains under heavy downside pressure as the month of September ends, with the BNB / USD pair on course for a fourth consecutive month of trading losses. At current trading levels, the cryptocurrency trades down by over thirty-five percent on a monthly basis.

This week, TRON launched the Sun Network. Despite the name, this isn’t just another place for Justin Sun to imprint his name. The new sidechain is also designed to improve scalability, dramatically increasing transaction speeds for TRON applications.

For years, Bitcoin and other blockchains have been targeted by spam transactions. These are small transactions, which in large numbers might threaten to congest a blockchain network and cause backlogs.

Sometimes, spam transactions are part of a a denial-of-service attack, to prevent other users from spending on the blockchain. Other times the goal is more modest: small-scale spammers can spread unwanted content or “dust” the network with traceable transactions.

No one understands what Telegram is trying to achieve with its new blockchain. At least, that’s the view of TON Labs, one of the main independent developers for the Telegram Open Network (TON).

In an hour-long discussion with Crypto Briefing, Alexander Filatov, TON Labs’ Managing Partner and CEO, along with CTO Mitja Goroshevsky, said that the community is still struggling to fully appreciate TON’s full significance.

Initial Coin Offerings may have gone the way of MySpace, but you may soon be able to buy stock on the blockchain.  MERJ exchange, the official stock exchange of the Republic of Seychelles, announced the first IPO’s of tokenized shares earlier this month.

Currently valued at approximately $25 million USD, MERJ listed its equity on the Ethereum blockchain, adding a new slant to the old IPO formula.

IOHK has announced a strategic partnership with the global athletic brand New Balance to use the Cardano (ADA) blockchain to authenticate its range of premium sneakers.

Beginning as a pilot, the plan is to roll the program out worldwide. There are no plans to use the ADA token for this specific solution.