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crynotifier · 9 months

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Understanding Blockchain's Eco-Friendly Shift: Five Steps to Clarify Energy Concerns

Source: Adobe / ImageSine

Binance published a blog post on Monday teaching readers how to dispel commonly cited blockchain FUD related to the industry’s energy footprint and supposed environmental harm.

As the company points out, most of the industry’s energy footprint is related to mining on the Bitcoin network, which uses a proof of work (POW) consensus mechanism.

Most modern blockchains, however, use alternative consensus mechanisms like proof of stake (POS), which do not focus on energy consumption to keep the network decentralized.

“The Crypto Carbon Ratings Institute (CCRI) has examined the impact of Ethereum’s transition from PoW to PoS and found that its annualized electricity consumption went down by more than 99.9% as a result of the upgrade,” wrote Binance. “Accordingly, Ethereum’s carbon footprint also decreased by 99.9%.”

Not only do these blockchains consume little energy, but many are using their unique features to help enable green energy initiatives.

Peer-to-peer energy trading, for example, lets traders buy and sell excess renewable energy. Blockchains can also be used for transparent carbon footprint tracking in the context of supply chains, which can further encourage businesses to reduce their environmental impact.

Bitcoin’s Energy Footprint

The “elephant in the room,” however, remains the Bitcoin mining industry, which has been subject to major scrutiny from activist groups and the White House alike. While estimates of Bitcoin’s energy consumption vary widely, it’s often compared to that of small countries, including Norway or Finland.

Thankfully, a substantial portion of the mining sector’s activity appears to be powered by either renewable or sustainable energy sources, such as wind, solar, and hydroelectric power.

Again, estimates of the exact share can vary depending on time and the methodologies used to measure the figure. More conservative estimates based on miner geolocation data estimate Bitcoin’s green energy mix to be around 38%. Meanwhile, more optimistic estimates based on direct surveys of Bitcoin mining companies estimate this figure as high as 63%.

According to blockchain researcher Juan Ignacio Ibanez – who recently co-authored a research paper on the subject – the real answer is likely somewhere in between these figures. Nevertheless, he expects the figure to rise over time.

“Both sides of this debate have legitimate arguments,” concluded Binance. “Here, it’s best to encourage a balanced view of blockchain technology, acknowledging both its challenges and its potential to drive positive change.”

The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

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myfeeds · 11 months

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Effects of crypto mining on Texas power grid

Published estimates of the total global electricity usage for cryptocurrency assets such as Bitcoin are between 120 and 240 billion kilowatt-hours per year, according to the White House Office of Science and Technology. The United States leads these numbers. Finance and business experts have debated the ramifications of cryptocurrency and mining, but little focus has been placed on the impact of these activities on the power grid and energy consumption until now. Dr. Le Xie, professor in the Department of Electrical and Computer Engineering at Texas A&M University and associate director of the Texas A&M Energy Institute, is at the center of this effort to understand how cryptocurrency mining impacts the power grid and how to use this information for further research, education and policymaking. Even as technology improves, allowing users to do more while using less energy, cryptocurrency mining is computationally intensive, and the measure of power on the blockchain network, or hash rate, is still rising. During the summer heatwave of 2022 in Texas, Xie and his collaborators found an 18% reduction in worldwide cryptocurrency mining. The decrease was linked to the stress on the Texas power grid, which led the Electric Reliability Council of Texas to issue a request for energy consumers to conserve energy. “There seems to be a very strong negative correlation between the mining demand and the systemwide total net demand,” Xie said. “When the grid is stressed, crypto miners are shutting down, which demonstrates a potential for demand flexibility.” For example, when the grid is under stress due to a heat wave, homeowners consume more air conditioning and, in turn, more power. Compared to these types of firm demand, the cryptocurrency mining demand shows good potential for providing flexibilities during times when peak energy usage in other areas is vital. Their findings are published in the March issue of the Institute of Electrical and Electronics Engineers Transactions on Energy Markets, Policy and Regulation and the June issue of Advances in Applied Energy. In these papers, Xie and his students provide data to allow a first step into studying these mining facilities’ carbon footprint and the impact on grid reliability and wholesale electricity prices. Ultimately, location matters, and many factors play a part in this complex discussion. “Increasing firm demand will invariably result in a decrease in grid reliability,” Xie said. “However, with crypto mining modeled as a flexible load that can be turned off during the stressed moments, it can be a positive contributor to the grid reliability.” Xie is the lead for the Blockchain and Energy Research Consortium at Texas A&M, which is a collaboration between a team of Texas A&M researchers and industry partners. Their mission is to provide an unbiased multidisciplinary resource to communicate recent developments in the intersection of blockchain and energy. Although cryptocurrency is still in its infancy, one thing is certain — increasing energy usage will be critical as this emerging industry for transactions continues to advance. With that in mind, Xie is continuing his research to find a solution that helps take advantage of blockchain-enabled technologies while ensuring a sustainable grid operation.

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bitcofun · 1 year

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Powering bitcoin mining makers with actual trash is an emerging pattern within the mining sector as a crop of brand-new business concentrate on utilizing this plentiful and otherwise lost energy resource. Contrary to the common political story that bitcoin mining ruins the world, the efforts of these land fill miners show that absolutely nothing might be even more from the fact. The net favorable impacts of these mining groups are sufficient to silence ecological critics permanently. This post checks out the early phases of business constructing mining operations at garbage dumps and takes a look at the possible chances that this resource-- read: garbage-- provides for Bitcoin.Bitcoin's Emerging Trash TrendMany circumstances of going over garbage dumps and bitcoin together typically include extremely early adopters who mined unreasonable quantities of low-cost bitcoin on their computer systems and consequently lost or discarded their hard disks which contained fortunes. One early bitcoin miner is even preparing an costly land fill excavation task to recover half a billion dollars in lost digital gold. Another garbage dump made headings due to the fact that of its action to an extraordinarily big quantity of"incompressible foamthat a person bitcoin mining business attempted to discard.These insane stories aside, today's bitcoin miners target land fills for power to make brand-new bitcoin, not as targets for recovering old ones. Vespene Energy and XcelPlus International are 2 of the earliest entrants into this brand-new section of the bitcoin mining market. I have actually become aware of other comparable jobs presently integrating in stealth will join them following public statements can be found in the next year or 2. In a current research study on the ecological results of bitcoin mining, the White House straight discussed landfill-focused bitcoin mining efforts. Not all techniques to landfill-powered bitcoin mining are the very same. Vespene, for instance, "utilizes land fill methane to sustain bitcoin mining," according to its siteThis company design can rapidly impact a non-trivial quantity of methane emissions decrease at scale given that garbage dump waste is accountable for about 11% of international methane emissionsXcelPlus, by contrast, utilizes plasma gasification devices to create thermal energy and likewise make disposal costs for the garbage it gets from garbage dumps on top of bitcoin mining benefits-- a great two-for-one offer!Measuring The Global Garbage SupplyPrecisely how plentiful is garbage as a resource for bitcoin mining? The brief response is: really.Here's a little bit of information to information simply how numerous the world's supply of trash is:Human beings produce 4.5 trillion pounds of garbage each year.The size of a typical garbage dump is approximately 600 acresGetting a precise tally of the number of garbage dumps exist on the planet is practically difficult (Google definitely isn't any aid). There's a trash clock that supplies a real-time count of just how much garbage is developed every day. Land fills can be an energy gold mine for bitcoin miners.The United States and Canada has made headings for ending up being an emerging Mecca to bitcoin mining business. For the function of this short article, it's worth keeping in mind that the U.S. alone is house to more than 3,000 active garbage dumps and approximately 10,000 non-active ones. Canada has approximately 3,000 garbage dumps of its own, according to a conversation paper released previously this year. Both nations were noted in the top-five overall garbage producing countriesAnd both nations ranked as the leading 2 nations by per capita waste generationThe line chart listed below envisions yearly development worldwide's overall trash supply from quotes released by Smithsonian Magazine in an short article asking when the world will strike "peak trash." The response? Not any time quickly.Benefits Of Landfill Bitcoin MiningTrash has some special benefits as a fuel source that readers must not neglect.

For something, its abundance opens an enormous chance for possible hash rate development as land fill methane capture and plasma gasification facilities is set up. And the information pointed out in the previous area more than supports the plentifulness of garbage. For another, land fills are internationally dispersed-- garbage is all over. Comparable to the circulation of the Bitcoin network itself, miners can go practically anywhere to turn garbage into energy for bitcoin mining. This type of energy is genuinely stranded and lost, making miners not simply a purchaser of last resort for this resource, however likewise one of the only purchasers. Garbage dump methane decrease by other ways is restrictedAnd most significantly, bitcoin mining at land fills turbo charges the environmentally-friendly stories around bitcoin mining that neutralize relatively non-stop environment activist criticisms. Some reports label garbage dumps as"incredibly emitters" Garbage dumps are the world's third-largest anthropogenic source of methane. And of the trillions of pounds of garbage produced each year, some"exceptionally conservativeprice quotes recommend hardly 33% of that waste is dealt with in any sort of environmentally-conscious way.The phase might not be much better set for bitcoin miners to take in actual garbage and lower methane emissions. XcelPlus, for instance, flatly mentions the pollution-reduction benefits of its type of bitcoin mining. According to its site"The quantity of energy taken in by the Bitcoin mining procedure is huge, pricey and contaminating ... By funneling waste coal, trash and other contaminated materials streams through our XcelPlus Plasma gasifier, it can transform 50 lots of waste daily into energy."It's not hyperbolic to state this might be video game over for ecological criticisms of bitcoin mining.The Future Of Trash And BitcoinThe majority of the headings from the previous couple of years about miners utilizing stranded energy resources have actually concentrated on standard fuels like solar gas and others. Trash production is practically endless, to the point that some experts state we are"lacking spaceto save everything. And now, bitcoin mining business are developing and releasing innovation to harness actual garbage as an energy source for mining. Not just is this a rather definitely sustainable resource (utilizing the term in a non-traditional however not incorrect method), however powering the Bitcoin network with garbage likewise damages ecological criticisms of bitcoin considering that the advantages of restricting garbage emissions are unassailable.Land fill mining puts the resourcefulness and imagination of bitcoin mining on complete screen as magic web cash business owners utilize energy resources that nobody else will or can make use of. Quickly, facilities for the honey badger of cash will be supported by real trash, making the world's biggest decentralized monetary network more resistant than ever. This is a visitor post by Zack Voell. Viewpoints revealed are totally their own and do not always show those of BTC Inc or Bitcoin Magazine. Learn more

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dipteshblogger · 3 years

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When will Satoshi Nakamoto reveal himself? Is he even real?

The crypto-space has developed into such a wide universe. The technology of blockchain has evoked creativity, apprehension, uncertainty, and curiosity. These views are as much for fans as for critics. The crypto world today has seen so much while so much remains unknown. There are some of the unknowns like who is Satoshi Nakamoto?

The emphasis is on trying to solve the biggest mystery behind the most common cryptocurrency, Bitcoin.

In this article, we will cover the complete details on who exactly is Satoshi Nakamoto? Let us look into this review in detail now.

Who is Satoshi Nakamoto?

Satoshi Nakamoto is the name used by the assumed pseudonymous individual or individuals who invented bitcoin, wrote the white paper on bitcoin, and produced and implemented the initial implementation of reference for bitcoin.

Nakamoto also invented the first blockchain database as part of the implementation. Nakamoto continued to be involved in bitcoin development until December 2010. Many people claimed to be or were pretending to be Satoshi Nakamoto.

Development of Bitcoin

The first move in establishing Bitcoin occurred in 2007, where Satoshi Nakamoto wrote the Bitcoin Code. In 2008 the founder of Bitcoin published a white paper via an online domain Open source P2P money. Satoshi explains in the paper how Bitcoin can operate using computer networks. The purpose of the digital transactions was to end third parties. Bitcoin was published to the public in 2009.

Hal Finney became the first Bitcoin miner to download a blockchain. He later mined ten Bitcoins which made him one of Bitcoin’s earliest users. Wei Dai, Nick Szabo, and Gavin Andresen were among the other early Bitcoin enthusiasts.

Possible Reasons to Choose Anonymity

1) Government Risk: Challenging the institutions of government is difficult. It can leave you vulnerable to all kinds of attacks. Hence Satoshi Nakamoto realized this problem as a visionary. Therefore he preferred to remain anonymous for his own benefit.

2) Caution: There were many attempts to build digital currencies before Bitcoin and the people involved were always getting into a bind with authorities. Many networks were shut down, and terrorist funding theories swirled around. These reasons might have made the real Satoshi Nakamoto want their identity to be covered under a pseudonym.

3) Decentralized nature: Bitcoin’s development has paved the way for decentralized economic structures. One of Bitcoin’s most important developments has been the possibility of peer-to-peer transactions with the absence of any intermediates. Thus, Nakamoto handed over the Bitcoin source code to other developers.

4) Privacy: Satoshi Nakamoto may have been one of those who enjoyed a peaceful life. Attention aims only to bring suffering to their lives. But he decided to stay in the anonymity enclosure. It did not matter the popularity and publicity which came with it. It didn’t matter whether he was to be praised or not, as long as the revolution was happening.

Top Candidates to be Satoshi Nakamoto

Nick Szabo

Nick Szabo is a decentralized currency enthusiast and has written a paper on “bit gold,” one of bitcoin’s precursors. He is known to have used many of the pseudonyms. Nick Szabo has repeatedly rejected the associations that find him to be Satoshi Nakamoto.

But, when examined, his writing on ‘bit gold’ reveals similarities with the original white paper on Bitcoin. In addition, being among the first to test Bitcoin, positions him behind Satoshi Nakamoto as a top contender to face.

Hal Finney

Hal Finney was a cryptographic pre-bitcoin aspirant, and the first person to use the application, file bug reports, and make improvements.

Exactly the same day they were released, Harold Finney mined the first ten Bitcoins. He may just as well be Bitcoin’s founder doing business by himself. Moreover, the fact that he only proposed progress on Bitcoin after Satoshi Nakamoto is somewhat evidence. Hal Finney possibly may also turn out to be Nakamoto.

Dorian Prentice

With this birth name as Satoshi Nakamoto, Significant media attention has been drawn to Dorian Prentice. His history as a libertarian and physicist puts him in a position to become the Satoshi Nakamoto

Goodman pointed to a variety of details that circumstantially suggested that he was the bitcoin inventor, in addition to his name. He was trained at Cal Poly University in Pomona as a physicist. He has further worked as a system engineer and as a computer engineer on defense projects for financial information services companies.

Craig Wright

An individual pretending to be working on Bitcoin has expelled the computer scientist. The anonymous tip claimed that Craig Wright is Bitcoin’s founder in the email sent to Gizmodo.

Craig Wright further said he was the Satoshi Nakamoto in 2016. The Australian Government, however, responded with a raid on his house. Craig retracted its comment after that. The proof evidence he said he had retracted.

Conclusion

In closing, there remains a mystery surrounding Bitcoin’s founder and creation. Satoshi Nakamoto will, at least for now, remain unanswered. Nonetheless, certain aspects remain so simple in all the confusion that Bitcoin technology is a formidable development.

Bitcoin has developed into the revolutionary concept it was imagined to be over the years. It has created a global forum in the Bitcoin world. A network that is fast, scalable, reliable, and safe for your online transactions. Furthermore, the creator’s identity might not be as important as Bitcoin’s future research. Enthusiasts argue that the opportunity is huge with the blockchain increasing.

#satoshi nakamoto #blockchain #bitcoin #crypto #cryptocurrency

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huobi-study-club · 3 years

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Huobi Study Club: What kind of impact will US interest rate hike have on cryptocurrency markets in the future?

Huobi Observation

The Federal Open Market Committee (FOMC) left the benchmark interest rate unchanged at 0%-0.25% as widely expected. Fed Chairman Jerome Powell said the Fed's measures ensure policy supports the economy. The labor market recovery has some way to go and the sectors most affected by the outbreak have yet to fully recover. Real GDP is on track for its fastest growth in decades. Inflation has risen significantly and will remain high for the next few months before moderating.

The Fed's FOMC statement said it sought to achieve inflation moderately above 2 % for a time to bring the long-term inflation average to 2% and that longer-term inflation expectations remained firmly anchored at 2%. It left the discount rate unchanged at 0.25% and the overnight reverse repurchase rate (ONRRP) unchanged at 0.05%. The operating cap on the standing reverse repo facility is $500 billion which will be effective on July 29. The rise in inflation largely reflects the effects of temporary factors.

Huobi Study Club believes that the Federal Reserve kept interest rates unchanged and boosted bitcoin prices in the short term. However, in the long run, the United States will inevitably follow the path of interest rate hike, which will lead to the outflow of funds from the cryptocurrency market. This will promote the cryptocurrency market in the project token pay more attention to the value of products and users. The development of the crypto market may be healthier which will attract off-market capital admission layout under the circumstances.

Huobi Newsflash

[NFT game Axie Infinity earns $18,480,000 in a single day, twice more than “double Glory of Kings”]

July 29, Token Terminal data shows that NFT + blockchain game project Axie Infinity yesterday’s revenue was $18,480,000. The total for the last 7 days was $74,510,000, and the last 30 days were $167,000, which is a new record.

[Bitcoin mining revenue up 180% in 30 days]

In the 30 days between June 27 and July 26, bitcoin mining revenue soared 179.4 %, from $13,060,000 to $36,490,000, according to CryptoParrot.

[Bank of America calls CBDCs ‘More Effective’ than cash]

Bank of America (BofA) called central bank digital currencies “a much more effective payment system than cash,” in a research paper published Wednesday. Bank of America said that CBDC adoption was “inevitable,” citing a declining role for cash, the private sector’s increasing use of blockchain technology, loss of control over currency and CBDCs’ potential to boost the economy.

[Musk: Tesla's Bitcoin holdings is "nearly" $1.47 billion]

Tesla CEO Elon Musk said: "Tesla's Bitcoin holdings are already" nearly "$147,000.

[White House: Infrastructure plan funded by stronger cryptocurrency tax enforcement, etc.]

The White House said funding for the infrastructure plan came from unspent emergency relief funds, targeted corporate user fees, stronger tax enforcement related to cryptocurrencies and revenue from a stronger growth.

Market analysis

BTC traded sideways during the day, and the trading volume was relatively sluggish

According to data from the Huobi Global, BTC is trading sideways at 39900 within the day. In four-hour level of picture, the K line trend is basically the same as EMA 5 trend in the day, and continues to stay above EMA 10 and EMA 20, and the three EMAs continue to be flat. The K line continues to be located between the middle track and the upper track of the Bollinger Band, and the opening of the Bollinger Band is flattened after slight narrowing. DIF is continuously below DEA, and both are positive. The three values of KDJ are all greater than 50. The trading volume is relatively sluggish, and the market may trade sideways. In day level of picture, BTC ushered in a second consecutive positive today, but the intraday gains were not large. In the evening, continue to pay attention to the continuation of the sideways trend and the breakthrough of 40500 above and the support of 38900 below.

According to data from the Huobi Global, ETH is trading sideways at 2290 within the day. In four-hour level of picture, the K-line continuously crossed EMA 5 and EMA 10 upwards in the day, and continued to stay above EMA 20, and the three EMAs tended to be flat. The K line crosses the middle track of the Bollinger Band within a day, and the opening of the Bollinger Band is flattened after slight narrowing. DIF continues to stay below DEA for the day, and both are positive. The three values of KDJ are all greater than 50. The trading volume is relatively sluggish. The market may continue to trade sideways. In day level of picture, ETH ushered in two consecutive positives today, but the increase was not large. In the evening, continue to pay attention to the continuation of the sideways trend and the breakthrough of 2330 above and the support of 2250 below.

In terms of contracts, the data of Huobi Futures showed that the open interest of BTC futures remained stable. The volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts rose slightly.

The open interest of ETH futures contracts remained stable. The volume decreased slightly, and the contract market was relatively inactive. The basis of futures contracts rose slightly.

According to data from Huobi Study Club, today, DeFi TVL remained stable and valued at $82.34 billion, the true locked value remained stable and valued at $61.93 billion. Among them, the top programs have not changed much. Today's total DeFi trading volume decreased slightly and valued at $2.79 billion. Among them, Uniswap V3 decreased significantly, reaching 19.43%.

#huobi global #crypto currency

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jimbuchan · 3 years

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Turn On Your Receiver

To some, the message will never get through while for others they simply may not be aware of what’s taking place, but at this stage in it’s 10+ year life-cycle, there is no more guessing the force of the Crypto industry. Up until the year 2016, Bitcoin was seen as either 2 things. Geek currency or a conduit for nefarious activities (with the latter still being pushed by some who want to see Crypto’s demise). Today however with Wall Street, University Endowments, Governments and major Institutional Investors, it’s clear that this asset class is not going away. So how does this all sit with you, the investor? Are you heeding the truth of where this is all going, or consciously choosing to dismiss it based on the (perceived) information from others who have no skin in the game themselves? If you are not up to speed however, or believe the Crypto space is just for technocrats, you’re not alone. However, ignorance never provided us any favors, and with knowledge you gain insight which translates into wisdom to make prudent decisions based on facts, not emotion. Where Is This Asset Class Going? To understand Bitcoin, XRP, and others is to realize they are a new asset class, not just a digital file sitting on some computer. When Bitcoin was released in 2009, it was mainly an experiment of both computing power and adoption. There were no exchanges to trade the asset prior to MtGox, and at best was seen as a way around the existing monetary system. But like many things which change over time, that was then, but today this once ‘toddler’ asset has grown to be a store of wealth that is deflationary with the likes of major investment houses, endowments and governments adopting it. Why? Because unlike the debasement of fiat currency that is uber-inflationary and can be (and is) printed to infinity, there is only so much Bitcoin available, and with scarcity comes value. So while some are still living like it’s 2009, the truth is that as the price of Bitcoin and other cryptocurrencies increase in value, the less is taken off the market, lessening the chance for the retail investor to hold the asset. Here’s some hard, factual data to consider:

There is, and will only be 21 million BTC ever created. That’s it. It is hard-coded (or ‘baked’) into the code, and regardless of the uninformed who may be spinning false truths, the fact is that there will never be any more… proof positive as to why millions of dollars are being diverted from Gold to Bitcoin as it is more scarce and has less friction for transferring the value (try sending gold cross-border compared to sending Bitcoin.)

Of the 21 Million BTC, 4-6 Million are estimated to be lost forever, due to missing password information, neglect or computers / hard drives being dumped when Bitcoin was only in the ‘conceptual’ stage.

Of the total amount of Bitcoin which has actually been mined, only 2,393,131 remain at time of this writing (January, 2021), bringing the scarcity debate to a swift conclusion (see this link for the current supply statistics). It is believed that of the 21 million tokens that have been created, only 2.5 million still exist today.

It is believed that 9 Million has been locked up by the major investors and when added to the 4-6 Million that are lost, this makes 13-15 Million that will likely stay in custody wallets... and this is only the number that is publicly known.

Much of the Bitcoin acquired by institutional investors (Grayscale, Micro Strategy, Winklevoss Twins) has been locked-up in cold storage as a sort of ‘Bitcoin Trust’ wallet, which will never be moved to exchanges.

So with this all in mind, where is the target for Bitcoin? In the short-term (next 12 months) there are estimates that a single BTC will be valued at north of $100k (conservative from Morgan Creek's CEO Mark Yusko) to more outrageous calls such as Citibank’s Tom Fitzpatrick who believes BTC could reach as high as $318,000 by end 2021. There are 2 milestones however that are quickly becoming realistic based on the current value of Bitcoin today. The first is BTC reaching $50,000 / coin, which will give it a $1 Trillion market capitalization. Once this is attained the next goal of $250,000 / coin will mean that Bitcoin will overtake the US dollar as the largest asset in the world. When this occurs, you can fill in the blanks and speculate what happens next. Not All Cryptos Are Created Equal Digital gold… utility tokens… stablecoins. To the newcomer coming into the Crypto space there is a lot to grapple with in merely understanding the different types of coins available but make no mistake… there are mass differences between them. Bitcoin, the first Crypto that started it all is known as a Store-Of-Value or 'Digital Gold' based on the similar characteristics of actual gold (most notably, deflationary and scarce.) Another coin in this category would be Litecoin (LTC) which is known as Digital Silver to Bitcoin's 'Gold'. In Satoshi Nakamoto's white paper, Bitcoin's intent was to also be a system of transferring money (P2P Electronic Cash), however based on the sheer number of users on the network, it's security and the Bitcoin algorithm, the amount of transactions / second pale in comparison to other coins which are much faster. Utility tokens fill this use-case by fostering a robust network with fast processing times and near-instant settlement.

XRP is one such example, providing a massive 1500 transactions / second (TPS) with a 3-second settlement time compared to BTC's 5 TPS with settlement times measured in Minutes. The intent here would be to transfer the value of a Blockchain-based token, Commodity or Fiat Currency such as the US Dollar, as well as Ripple's (Company that founded the XRP Ledger) top utility case which is Cross-Border Payments. Both examples above are speculative and volatile based on the bleeding-edge Blockchain-powered technologies which support them and for the investor community this presents attractive qualities based on the fluctuation of the market. Both examples have a limited supply and are deflationary, unlike Fiat Currency which can be printed at will. This is the ethos behind stablecoins which are pegged 1:1 to the US Dollar (or other currency). Coins such as USDC (Circle), or GUSD (Gemini) serve this purpose by acting as a non-speculative stop-gap for traders who can 'park' their earnings into a stablecoin where there is little-to-no volatility and when they are ready to make another trade into a Crypto asset, they simply transfer their stablecoin to the digital currency of choice. That being said, based on the nature of the coin, it is inflationary and over time will be devalued because of its backing to a Fiat Currency and for this reason it's not meant as an 'investable' coin as the purpose is stability (hence the name). What Does This Mean For You? Like the conclusion of a court case, the deliberation now begins with you as both the judge and jury. All of the facts and evidence has been presented with only your final vote to determine how this will play out. For the risk-averse, the decision may lean in the direction of additional facts in which to settle the case whereas the medium-high risk tolerance folks may choose to make the decision based only on the facts alone. Regardless of where you stand, be sure that you do what many do not and that is to check (and check again) the tokens that interest you by doing your own research (DYOR). There are many who will tempt and profess about the benefits of some Crypto assets while talking down others, but you need to be sure to take their advice with a grain of salt because it's your money, not theirs. As an investor, one of the most important things to do is to consider the big picture by thinking long term so be sure to choose assets that have real partnerships and actual utility as opposed to 'white papers and dreams'. As a speculator, or Crypto trader just know that in comparison to the stock or derivatives market that cryptocurrencies are the most wild of wild-west markets and can change on a dime so don't invest any more than what you would consider losing in Las Vegas. One thing is for certain… this market is not going away, much to the chagrin of some, as there are far too many mainstream and institutional investors that have poured hundreds of millions of dollars into Blockchain and Crypto. Add to this the fact that traditional assets such as gold and stocks are being absorbed into Bitcoin and other cryptos and it all adds up to a scenario that, in the future could be one of the savviest investments you can make. Now that the truth has been exposed, the only item on the table is your decision.

Quote by Dan McCafferty + Pete Agnew / Nazareth | Title image by Vertigo Records / Loud ‘n’ Proud by Nazareth Fiat-to-Digital Image by Forbes

#satoshi #digital assets #xrp #nazareth #endowments #dyor #fiat #institutional #winklevoss #mtgox #investing #gold #litecoin #stablecoin #circle #gemini #bitcoin #cryptocurrency #ripple #blockchain

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cool-dangerousheartcollecto-blog · 4 years

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Cryptocurrency Market Vendors, Share, Drivers, Challenges with Forecast to 2025

Cryptocurrency Market - Scope of the Report

KD Market Insights (KDMI) has announced the addition of a new syndicated market research report on the global Cryptocurrency market. This research report presents comprehensive market dynamics including growth drivers, industry trends, market opportunities & barriers. This research report offers qualitative and quantitative insights about the Cryptocurrency market. The report provides market assessment for period of 2019-2025, with 2019 as base year, 2020 as estimated year and 2020-2025 as forecast period. The market study also presents quantitative information such as market size, market share, year on year growth, market increment, compound annual growth rate (CAGR), and market growth opportunity.

Request for Sample @ https://www.kdmarketinsights.com/sample/2022

KDMI study Cryptocurrency market also provides information on competitive landscape which profiles major companies engaged in Cryptocurrency market. Insights presented in report will aid readers to understand how Cryptocurrency market will unfold in the years ahead. The market study is significant for industry stakeholders in the Cryptocurrency market, such as Cryptocurrency manufacturers, raw material suppliers, distributors, and investors, and assist them in developing key business strategies for gaining share in market. This market research also throws light on factors which are believed to foster the growth of Cryptocurrency market in the years ahead. Moreover, market segmentation and other specific data has been covered in report which will assist them to analyse market in a more in-depth manner.

Macro & microeconomic factors, Porter’s five force analysis, supply chain and value chain analysis, and other key indicators are presented in the report in a comprehensive manner that are impacting developments in the market. This industry report also presents qualitative data and factors related to market which guides the reader to make informed decision regarding their market strategy.

Cryptocurrency market research report also discusses future market trends and impact of several factors which are anticipated to drive the growth of the market during the forecast period. In addition to this, new players and small & medium enterprises in the Cryptocurrency market can also find specific market insights which will help them to take instructed decision for the growth of their company.

Cryptocurrency Market Segmentation Analysis

Cryptocurrency market research report is further segregated into several segments mainly By Offering, By Process, By Type, By Application and region. Each segment analysis presents an in-depth view of the market.

By Offering

- Hardware

- Software

By Process

- Mining

- Transaction

By Type

- Bitcoin

- Ethereum

- Bitcoin Cash

- Ripple

- Litecoin

- Dash

- Others

By Application

- Trading

- Remittance

- Payment

Competitive Landscape

- Bitmain (China)

- NVIDIA (US)

- Xilinx (US)

- Intel (US)

- Advanced Micro Devices (US)

- Ripple Labs (US)

- Ethereum Foundation (Switzerland)

- Bitfury Group (Netherlands)

- Coinbase (US)

- BitGo (US)

- Binance Holdings (China)

- Others Major & Niche Key Players

By Region Market

- North America

- Europe

- Asia-Pacific

- South America

- Middle East & Africa

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This research report is ideal for industry stakeholders who are looking for answer to key questions below:

What are current industry trends which are likely to impact the Cryptocurrency market?

Which geographies are offering most growth opportunities for key Cryptocurrency market players?

Which key factors are likely to drive the growth of the market during the forecast period?

Who are leading companies in the Cryptocurrency market? How much market share does these companies acquire?

What are key business strategies which are being adopted by the leading and top-growth companies operating in Cryptocurrency market?

Cryptocurrency Market: Research Methodology

Kay Dee Market Insights industry research is based on a core set of research process:

Country level desk research, domestic company research and analysis, retail distribution and store tests, interviewing with national players and market analysis.

International level desk research, global company research and analysis, interviewing with national players and market analysis.

The secondary research study involves the utilization of extensive secondary sources such as organization data, government department statistics and online databases for the analysis of the market. Company websites, annual report, investor presentations, white paper, databases, fact book and press releases were also referred for the analysis of leading players in the industry. Kay Dee Market Insights conducts extensive primary interviews with industry participants and commentators in order to validate its data and analysis.

The same in-house team of industry analysts that conducts the primary and secondary research also co-ordinates, controls, edits and finalizes the work of our research associates under review.

Check for Discount @ https://www.kdmarketinsights.com/discount/2022

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#Cryptocurrency Market #Cryptocurrency Market Size

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airoasis · 5 years

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The 1-millionth of all Bitcoin goal! Japanese fueled Ripple & NEM bubbles, Ethereum Classic Korea

New Post has been published on https://hititem.kr/the-1-millionth-of-all-bitcoin-goal-japanese-fueled-ripple-nem-bubbles-ethereum-classic-korea/

The 1-millionth of all Bitcoin goal! Japanese fueled Ripple & NEM bubbles, Ethereum Classic Korea

Good day each person that is Adam meister the BitcoinMeister the disrupt meister welcome to in these days in Incline today is may the fifteenth 2017 this is house of long run cripple these pondering if you’re impulsive then you’ll now not like this channel thanks for the man or woman who sends me to Rio deliver a Bitcoin and i like to thank every person at the Tel Aviv Bitcoin embassy I used to be given the Bitcoin white paper here they released this they gave it to a attractive little booklet is in English and in Hebrew it’s Satoshi nakamoto’s Bitcoin white paper that you can go to bit embassy or to be taught more about the Tel Aviv bitcoin embassy but this is particularly a exceptional present a first-rate they provide it out to every body is an effective way to spread the phrase about bitcoin in Hebrew and in English so thank you and some souvenir right here from Israel and sure so right now i am in male I do imply male I do mean east of Jerusalem in the Land of Israel i’m coming from you Eltham external about my buddy’s apartment he has seven kids um you could seem up male I do meme and i am certain you’ll be able to to find all different types of exciting things about it just google it and i am proud to be right here today on this um jap city in Israel east of Jerusalem um this is some the greatest location this show has ever come from this vicinity within the heart of Israel east of Jerusalem so benefit from the view I have no idea what you will see that at the back of me so anyway once more thanks for the first-rate guys of the Bitcoin MC I provide their links under I provide a hyperlink to a a new show that is coming out blockchain Unchained coming straight out of Israel that is awesome for the blokes here um and sorry from squinting due to the fact it can be correct out here uh yeah hyperlinks beneath if you want to get your treads or your ledger Nano like crypto hwl you want to get your shirt Lynda’s all this stuff i will be able to carrying this shirt so much I got it I i do not wear all of it day long just put it on for the indicates however and for the Bitcoin stuff however I got a shirt I consider anyway um but this these are satisfactory shirts great shirts and in addition i realized persons had been buying digital bit bins um that’s like a tracer or it’s the ledger so that’s linked to below which you can get again at crypto HD well that you may additionally determine out this weekend Bitcoin we had a satisfactory show so I fairly love this one millionth of a Bitcoin of all of the Bitcoin ever created principles right here i’ll pound that like button people with 50 men and women here i know Europeans are up americans you’re all asleep truely West Coast uh then she retails he is wakeful so it might a weird time time factor right here i suppose we are going to get back to typical soon ah-ah bye so there is simplest going to ever be 21 million bitcoins ever created and let me make sure first of everyone you can hear me ok nobody’s complaining hi there all people’s out howdy boss girl hey every body but yeah there is simplest provide me 21 million a tremendous coin ever created and so a tweet that I linked to below a guy was talking about how hiya in case your own 21 Bitcoin that’s your intention you’re gonna possess a million of the Bitcoin ever created I mean that is such it what a suggestion imagine for those who own the millionth of the greenbacks so that it will create I mean 1,000,000 of millions of the gold ever created I don’t know what I think that is this is very impressive so the so might be folks’s purpose should be to oh twenty one Bitcoin hey i do know i’m atmosphere your ambitions high I set them to be a ten Bitcoin to be partly however might be be part of the extremely elite right here get twenty one Bitcoin you’ll have a millionth of the Bitcoin ever created but on this tweet the character talks about and i don’t now not his eyes I blinked and below it to possess a millionth of the Monaro you have to possess 21 of them eighty 4 like 230 etherion traditional and including etherium ok you guys are going to argue with me and say there is a cap on aetherium hey pound that like button to Adam Meister he’s not gonna argue that given that he’s now not gonna get into the entire hearing factor and it is windy anyway god i’m hoping I failed to just think anyway so Japan is fueling this nem and ripple the article is listed to is listed under and i will quote some stuff uh no longer so wise cash is flowing into into the all coid and ICO markets led by japanese buyers ever on account that the japanese executive granted it and i’m jumping round in are ever seeing that the japanese executive warranty to monitor gentle to Bitcoin and digital forex funding by using comfortably legalizing currency jap traders began to actively put money into digital currencies with out proper research and figuring out activate the phrases k in order that that seems beautiful bad I imply if that is all true without right research it you’re building up something now not excellent yeah let’s get into it we’re now not researching factor however Higashi defined that almost all of investors in all cash similar to rippln m the two most standard all coins being alternate in Japan as of present have little to no figuring out of their reason and starting place of worth he with no trouble noted that buying and selling cryptocurrencies has emerge as the brand new trend of funding very well that is some thing that doesn’t appear very steady hiya but you persons requested me Adam what do you think of nem what do you believe of man what do you believe of riffle that is what I think of the individuals what I just quoted there so aetherium traditional uh is in the news it pumped a bit of bit a Korean exchange with the six very best quantity in the world announced his aid for et Cie I link to that tweet I also link to that jap article below that I simply referenced ah located that like button persons early morning risers woo right as long as uh and that i was once fascinated about cloud mining once more there may be a number of new humans coming into so i’m still getting asked about cloud mining it is a scam individuals however one factor that every one of us have got to appreciate that there could be these men and women looking for these easy approaches to get Bitcoin and so long as humans are looking for these easy methods we’ll get ripped off utterly the individuals who’re doing the sound predominant things by means of just keeping Bitcoin are going to do well we will do well so i’m seeking to warn you men and women to not do the identical matters like get into cloud mining you get ripped off utterly but hey um for us who’re doing the sound things we will be rewarded for for the reason that humans are still doing insane things and it helps us it helps the unglamorous folks like us who simply buy an ancient purchase and preserve and whats up if it can be too steeply-priced for you right now preserve simply hope nothing mistaken with retaining method if it can be getting pricing you’re maintaining that is actual excellent that’s real just right financial occasions has an editorial Bitcoin surged but the title is deceptive it conserves fuel Spears of a step bubble but but the article itself talks about how all coins and icos are simply going through the roof so it is fairly intriguing the mainstream fiscal occasions is speakme about all cash and icos again it is bet it can be a signal of the occasions right here so i hope you enjoyed uh might be get the hills Jordan is someplace within the heritage there uh Jerusalem’s on that part alright so thank it assess the archives individuals if in case you have questions humans have various questions at all times we have extensive artwork archives here are you so many videos a new one daily i am adam meister the bitcoinmeister the disrupt meister please remember subscribe this channel like this whilst you share this video check out those section beneath please please please pound that like button leave some feedback i do know there’s gonna be some humans leaving all varieties of intriguing feedback on this one however this but for the the entire haters out there the haters this one’s for you and you already know why it for you in case you google that identify this this first-class city here within the land of israel my last video for israel for the period of this shuttle i’ll see you guys in cyprus the next day

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batterymonster2021 · 5 years

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The 1-millionth of all Bitcoin goal! Japanese fueled Ripple & NEM bubbles, Ethereum Classic Korea

New Post has been published on https://hititem.kr/the-1-millionth-of-all-bitcoin-goal-japanese-fueled-ripple-nem-bubbles-ethereum-classic-korea/

The 1-millionth of all Bitcoin goal! Japanese fueled Ripple & NEM bubbles, Ethereum Classic Korea

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teiraymondmccoy78 · 5 years

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The Cryptocurrency Market Grows as New Applications Arise

NEW YORK, December 17, 2018 /PRNewswire/ —

Last year, digital currencies rapidly gained prominence. Since then, the cryptocurrency market has fallen significantly, as a Bitcoin was trading just over USD 3,000 in mid-December. However, research suggests that cryptocurrency will still have a use despite the meteoric fall. According to data compiled by Transparency Market Research, the global cryptocurrency market was valued at USD 574.3 Million in 2017 and is projected to grow to USD 6.70 Billion by 2025. Additionally, the market is projected to grow at a CAGR of 31.3% during the forecast period. Digital currencies like Bitcoin, Litecoin, Ripple and Ethereum are still prominent in the market and these cryptocurrencies will regain popularity as the blockchain technology will leverage them to create new, innovative products. Eventually, cryptocurrencies will lead to the growth of the financial industry around the globe. Netcoins Holdings Inc. (OTC: GARLF), Overstock.com, Inc. (NASDAQ: OSTK), Nokia Corporation (NYSE: NOK), Gain Capital Holdings, Inc. (NYSE: GCAP), Ideanomics, Inc. (NASDAQ: IDEX)

While some cryptocurrencies are primarily used in a technology-based application, most are simply being used as a form of currency. Currently, there is an increasing demand for more secure and faster processing times for transactions. Cryptocurrencies are being adopted due to their transparency and persistence of the low ownership cost and technology in its distributed ledger. The technological makeup offers a much more secure transaction, helping prevent against fraud or theft. “They are very different but they are still an asset class of their own and in that sense they’re going to persist,” says Aleh Tsyvinski, Professor of Economics at Yale University and author of a study titled ‘Risks and Returns of Cryptocurrency’. “So, my prediction based on my research is that cryptocurrency is going transform, and is going to fulfil some kind of need which is different from traditional asset classes – stocks, commodities, and currencies.”

Netcoins Holdings Inc. (OTC: GARLF) is listed on the Canadian Securities Exchange under the ticker (CSE: NETC). Earlier today, the Company announced breaking news that, “it has signed a definitive agreement with BitGo Trust Company as custodian for its Netcoins-branded custody solution. Following a software integration phase, Netcoins expects to launch Netcoins Custody in Q1 2019.

Custody is a key component of a full service crypto company and brokerage, and Netcoins has chosen BitGo, the market leader in institutional cryptocurrency financial services, to provide the back end technology and infrastructure required to launch Netcoins Custody.

BitGo provides institutional investors with security, compliance, and custodial solutions for blockchain-based currencies. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of all global bitcoin transactions, and $15 billion per month across all cryptocurrencies. The company has a customer base that includes the world’s largest cryptocurrency exchanges and spans more than 50 countries. BitGo is backed by Craft Ventures, DRW, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.

“Netcoins wanted the most secure and compliant custodianship and, after evaluating several options, they chose BitGo Trust Company,” said Josh Schwartz, VP of Sales, BitGo. “We’re excited to be working with Netcoins to expand access to digital assets.”

“We are thrilled to be bringing institutional level crypto custody to the market in Canada with BitGo Trust Company, the first qualified custodian purpose-built for digital assets,” said Netcoins CEO Mark Binns. “Custody is a key component to institutional adoption, and also critical for enabling traditional brokerage houses to sell crypto to their retail investors. We continue to build a full service crypto company, and this is another big step forward for Netcoins.”

Overstock.com, Inc. (NASDAQ: OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. Medici Ventures, Overstock.com, Inc.’s blockchain accelerator, recently announced that portfolio company, Bitsy.com, will allow public access to the beta version of its exchange and wallet service beginning Monday, November 12th, 2018. Bitsy’s new app-based platform creates a remarkably easy, secure, and user-friendly bridge between bitcoin and the US Dollar. “The great promise of the Bitcoin white paper was to have legitimate peer-to-peer exchange of value without the need for trusted intermediaries. Few people understand, however, that with conventional Bitcoin wallets, users do not have actual possession or control of the Bitcoins they buy: their wallet-provider owns the Bitcoin and provides a contractual claim to the consumer, who must then trust that corporation. This defeats the whole purpose of crypto. Bitsy wallets, on the other hand, allow users to possess and have complete control of their cryptocurrency without the risk of lost keys. This sets a new standard for digital wallets,” said Patrick M. Byrne, Overstock.com Chief Executive Officer and Founder. “We are excited to continue our cryptocurrency journey and integrate Bitsy’s technology with Overstock.com to offer bitcoin for sale directly from the retail site in the first half of 2019.”

Nokia Corporation (NYSE: NOK) is shaping the technologies at the heart of our connected world, to transform the human experience. Nokia and Streamr announced a partnership earlier this year. Streamr’s Marketplace is a web-based application where data providers can list real-time data streams, and data consumers can subscribe and pay for access to those data streams. Pricing schedule and time-based access control are coded in Ethereum smart contracts. By using Streamr’s cryptographic token, DATA, it is possible to make data streams around the globe freely tradeable. Streamr launched its realtime data Marketplace that connects data producers and consumers. The launch took place on-stage at Consensus in New York, and was followed by the announcement of industry-leading partnerships with Nokia, the multinational telecommunications, information technology and consumer electronics company, and OSIsoft, the industry’s trusted leader in operational intelligence. Streamr’s partnership with Nokia will see the development of the next generation of mobile base stations and enable Nokia customers to monetise their data while the partnership with OSIsoft will focus on enabling better sharing of realtime data between the organisations that OSIsoft currently serves with its PI System software.

GAIN Capital Holdings, Inc. (NYSE: GCAP) provides innovative trading technology and execution services to retail and institutional investors worldwide, with multiple access points to OTC markets and global exchanges across a wide range of asset classes, including foreign exchange, commodities, and global equities. GAIN Capital Holdings, Inc. announced earlier this year the continued rollout of the Company’s cryptocurrency offering, with the recent launch of Ethereum, Litecoin, Ripple and Bitcoin Cash in the U.K., Europe, Australia and Singapore on the Company’s FOREX.com and City Index services. GAIN has also expanded its Bitcoin offering, allowing customers to trade Bitcoin directly against the Euro (BTC/EUR), British pound (BTC/GBP) and Australian dollar (BTC/AUD), in addition to the U.S. dollar. “The expansion of our cryptocurrency offering provides new opportunities for our clients to trade a variety of digital currencies through an established, regulated firm, without the need for a digital wallet,” commented Glenn Stevens, Chief Executive Officer of GAIN Capital. “Aligned with our strategy to invest in organic growth and enhance our product offering, the addition of Ethereum, Litecoin, Ripple, Bitcoin Cash and additional Bitcoin pairs enhances our crypto offering to include the most popular digital currencies and further differentiates our service, where traders can access over 12,000 markets, including FX, indices, commodities, equities and rates.”

Ideanomics, Inc. (NASDAQ: IDEX) (formerly: Seven Stars Cloud Group, Inc. and listed underNYSE: SSC) provides Platform-as-a-Service (PaaS) solutions with strong multi-layer fintech technologies leveraging blockchain and artificial intelligence. Ideanomics recently announced that it had entered into a joint venture agreement with TPJ Ltd, to create Ideanomics Resources LTD a U.K. company based in London. The 75% Ideanomics owned joint venture has been created to unlock value in the commodities and energy sectors by leveraging and utilizing the Ideanomics Platform-as-a-Service (PaaS) solutions, a suite of strong multi-layer fintech technologies leveraging blockchain and artificial intelligence. Ideanomics Resources will initially focus its efforts in Africa and Middle East where it has significant long-term relationships. The joint venture will be responsible for setting up a commodity and energy digital asset exchange, which will leverage Ideanomics Platform-as-a-Service (PaaS) solutions. These solutions will include our pricing model, with super artificial intelligence for indexing & futures pricing, the tokenization of assets, including mining, oil and gas assets projects, and the processing and settlement services for supply chain finance using our blockchain and smart contract settlement technology. “We are delighted to join the Ideanomics team. London is an important hub for the group and the sector. We are focused and determined on opening up the benefits of AI and blockchain applications to the public and private sector, both in traditional markets such as Europe, and emerging markets such as Africa. We have the digital capability to bridge continents and place emerging states onto the global economic map. This is an exciting moment in the digital renaissance as the world moves rapidly forward into new ways to increase efficiency, performance and transparency in the way that it trades,” said Jason McCue LLD, Director of Ideanomics Resources LTD.

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bobbynolanios88 · 5 years

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The Cryptocurrency Market Grows as New Applications Arise

NEW YORK, December 17, 2018 /PRNewswire/ —

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#IFTTT #Cryptocurrency and Bitcoin

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vanessawestwcrtr5 · 5 years

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The Cryptocurrency Market Grows as New Applications Arise

NEW YORK, December 17, 2018 /PRNewswire/ —

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mccartneynathxzw83 · 5 years

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The Cryptocurrency Market Grows as New Applications Arise

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adrianjenkins952wblr · 5 years

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The Cryptocurrency Market Grows as New Applications Arise

NEW YORK, December 17, 2018 /PRNewswire/ —

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#IFTTT #Cryptocurrency and Bitcoin

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cryptnus-blog · 6 years

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Ripple (XRP) in Talks With Trump Administration, No Release Date for Cobalt Yet

New Post has been published on https://cryptnus.com/2018/10/ripple-xrp-in-talks-with-trump-administration-no-release-date-for-cobalt-yet/

Ripple (XRP) in Talks With Trump Administration, No Release Date for Cobalt Yet

Ripple is reportedly in talks with the Trump administration, as first reported by BreakerMag. In a lengthy and revealing interview that shed light on Ripple’s vision and its products, Chief Marketing Strategist Cory Johnson said that the organization has had numerous conversations with the administration, with the latter being assuaged by the fact that there is no mining associated with XRP.

The most interesting segment from the interview came as a response to what Johnson thought of the Trump administration’s understanding of the Ripple product. Johnson said that there was a lot of research going on in the background:

The White House in particular seems to be thinking about what it means to have 80 percent of bitcoin mining taking place in China and a majority of Ether mining taking place in China…And in conversations we’ve had with the administration, they seem to get that and think that might matter.

In the talks with the Trump administration, Johnson revealed that the absence of mining in the Ripple Network has calmed the nerves of administration officials, who fear influence and environmental consequences as a result of large-scale mining operations.

While he was coy about the details of the discussions, he did claim that several talks have been held with lawmakers:

So we haven’t said who we’ve talked to. But we’re in regular talks throughout Washington, and we meet with regulators as well as politicians. We’ve got a whole team that’s devoted to doing that, not just in the U.S., but worldwide. Our regulatory team, they jump on planes like their pants are on fire.

Tackling criticism regarding concerns around Ripple’s lack of decentralization, Johnson says that that there is a lot of unclear information floating around in social media. He also took a shot at the crypto media for bias and refusing to correct misleading information:

We haven’t had great journalism in this sector. There have been exceptions, but there’s a lot of reliance on Twitter and individual blogs from sources with deeply conflicting agendas. It’s hard for someone to write an article that gives XRP the benefit of the doubt or says, “Hey, this could be good,” when they have personal investments in bitcoin.

He went on to liken Ripple and XRP to Chevron and oil. He emphasized that XRP is a believer and facilitator of the XRP token, but does not control it:

It’s the same as oil and Chevron. Chevron has a vested interest in oil…You can buy shares in Chevron like crazy, and it doesn’t give you any right to the world’s oil. You can buy every barrel of oil you can find, but that doesn’t give you any rights to Chevron. All that applies to Ripple and XRP: Ripple doesn’t control XRP. XRP is decentralized in a way that Ripple can’t control it, even if we wanted to…People say Ripple’s centralized because we control XRP validators. Well, we don’t. We operate 10 validators; there are 150 known to be out there. Or they say it’s centralized because we own a lot of it. We own about 60 percent of it.

Wirex Survey Indicates XRP Demand Remains Steady

In another bit of good news for the project and its investors, a recent Wirex survey indicates that the demand for the Ripple token is steady despite wild price fluctuations in the market.

Wirex is a cryptocurrency exchange that serves nearly 2 million users, allowing them to trade cryptocurrency at no cost and providing them with a contactless Visa payment card for transactions at merchant stores. Currently, it allows users to purchase Bitcoin, Ethereum, XRP and Litecoin.

Wirex is sponsoring the Payments Race, a marathon that where runners represent different payment methods. Max Meillur, the runner representing TeamCrypto, sought Wirex’s help in deciding which cryptocurrency should be his first purchase.

The subsequent informal survey conducted via Twitter saw over 75% of users supporting XRP.

We have a remarkable community in #TeamCrypto & we want your input every step of the way for the @paymentsrace! Our runner @maxmeilleur can only use crypto to get from NYC – Vegas

Which #crypto should his first purchase be in?#BTC #LTC #XRP #ETH #cryptocommunity #cryptotwitter

— Wirex (@wirexapp) October 14, 2018

With 3 days left to vote, XRP continues to be the top choice.

Ripple is often popular in such informal polls — and as an increasing number of banks and governments are being persuaded to adopt the company’s products, it bodes very well for the future of the company, perhaps even to the point of taking a greater share of the market from Ethereum.

This follows a New World Trade Organization report that mentioned blockchain as being capable of enhancing international trade, and singling out Ripple for its potential in cross-border payments.

Former Ripple Employee Says Cobalt Algorithm Has No Release Date

A former employee of Ripple, Ethan MacBrough, has spoken on the team’s progress of Ripple Cobalt, an algorithm that would greatly accelerate transaction capability.

MacBrough, who authored Ripple Cobalt’s paper, is now the Lead Scientist at Coil, a platform focused on supporting content creators with XRP as its unit of value, and started by former Ripple Chief Technology Officer Stefan Thomas.

MacBrough communicated his assessment of the upgrade’s progress in a response to a Tweet, saying:

There is no release date planned, and if there were it wouldn’t be soon.

— Ethan MacBrough (@emacbrough) October 12, 2018

He followed up by saying that he is still in touch with the Ripple team about Cobalt development.

Announced in February 2018, Ripple Cobalt is touted to be a significant improvement to the network’s protocol, marketed as being capable of reducing cross-border transaction speeds to less than 1 second and pushing transaction rates to the watershed number of 50,000 transactions per second. The Cobalt algorithm works, not by achieving global agreement, but by a voting network that that changes to rules that includes trusting an arbitrary set of untrusted nodes with malicious intent.

Ripple has made consistent headlines lately, making live its xRapid product and securing more partners. 2019 will see them expand their list of partners and further test their products in real-world scenarios.

Related: 10 Altcoins to Watch in Q4 2018

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