Ripple Hit With Lawsuit After Investor Claims Company Violated State Federal Securities Laws

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Twitter said the attackers needed both access to Twitter's internal network and employee credentials that granted access to specific support tools. Twitter on Thursday said the hack -- which targeted the accounts of Elon Musk, Bill Gates, Kanye West, Barack Obama and other celebrities -- was the result of a spearphishing attack.

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Whether or not XRP is a security is for the SEC to decide. "Like any civil proceeding, we'll assess the merit or lack of merit to the allegations at the appropriate time. "We've seen the lawyer's tweet about a recently filed lawsuit but have not been served," a representative from Ripple said. We continue to believe XRP should not be classified as a security."

That innovation made people start to wonder about different ways that the blockchain concepts and technology might be applied in non-cryptocurrency use cases - in asset management, supply chains, healthcare, and identity, among others. In 2015, IBM contributed its Open Blockchain project to the newly established Hyperledger organization, which was to develop open source blockchain technology for the enterprise. That contribution launched what has arguably become one of the two or three most popular blockchain frameworks: Hyperledger Fabric.

The bitcoin network itself, while active, was rather obscure and had a single purpose: a decentralized cryptocurrency platform. In 2008, Satoshi Nakamoto published his now famous paper on bitcoin, introducing the concept of a blockchain network.

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