A former Ripple engineer has revealed that a strategic decision by the company in its early days may have directly led to the creation of Ethereum. This historical insight comes amid new warnings about a sophisticated iPhone hacking tool targeting crypto wallets and an expansion of automated trading tools by Binance.
A former engineer at Ripple has shared that a pivotal decision by the company’s leadership shaped blockchain history. According to former engineer Steven Zeiler, “Vitalik… decided to develop Ethereum according to his vision of a programmable blockchain which Ripple had abandoned.”
This occurred after Ripple chose to freeze major changes to its protocol around 2013-2014. The company instead focused its strategy on banking technology and payment systems, leaving smart contract development behind.
Meanwhile, security researchers have issued warnings about a new iPhone exploit named Coruna. This toolkit uses fake cryptocurrency websites to exploit over 20 iOS security weaknesses and search for seed phrases.
In trading developments, Binance has expanded its automated “Position Snowball” trading strategy. The expansion now supports 24 new contracts, including assets like Shiba Inu and Cardano, as mentioned in the company’s announcement.
The strategy automatically reinvests profits to grow positions during strong market trends. This creates a snowball effect but using leverage also raises potential hazards if the market reverses suddenly.
