Brad Garlinghouse, Ripple CEO, answered candidly during an interview about crypto’s prospects for the future. Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners and has no hope of being a world currency. Also read: Crypto and Virtual Reality Meet in Ken Liu’s Science […]
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At press time, the father of cryptocurrencies is trading for just under $7,700. The cryptocurrency market cap has garnered over $25 billion over the last week alone, and with roughly $300 to go, many investors are wondering whether the $8,000 mark can be reached soon. One source claims bitcoin is currently facing resistance where it sits, and that the price consolidation it’s undergone over the last few days may be a “good sign” for the long-term bulls granted the price is able to keep moving forward. It also suggests, however, that if present resistance proves too difficult to handle, or
There is never a lack of controversy in the world of cryptocurrency. According to Ripple CEO Brad Garlinghouse, Bitcoin will not remain the “gold standard” of cryptocurrencies for much longer. Instead, he is convinced that altcoins will carve out their own paths and no longer rely on Bitcoin’s price momentum. Brad Garlinghouse has Some Contrarian Views Anyone who has paid attention to the cryptocurrency industry for more than three weeks will have noticed an interesting trend. Regardless of how successful or promising some altcoins may be, they will not thrive unless the Bitcoin price is going up. It is a very annoying
A primary attraction of decentralized cryptocurrencies is that they’re censorship-resistant. The more centralized a coin is, the easier it is for its supply to be controlled. But there’s another problem with overly-centralized cryptocurrencies such as ripple: they risk being classified as a security, which brings all kinds of problems. Also read: Emin Gün Sirer Discusses Cryptocurrency […]
Ogling the fortunes of the filthy rich is a popular pastime with the poorer segments of society. It’s been that way for centuries, with 1849 marking the debut of Who’s Who, a 250-page guide “of living noteworthy and influential individuals, from all walks of life, worldwide.” In more recent years, Forbes has picked up the […]
Through late 2017 and early 2018, ripple was the darling of cryptocurrency. Mainstream media couldn’t get enough of it, South Koreans couldn’t get enough of it, and nor could crypto newcomers, who had XRP top of their shopping list. Crypto moves at a blistering pace, though, and ripple’s decline has been as rapid as its […]