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Bakkt acquires Digital Asset Custody Company, Taiwanese exchange launches XRP/TWD pair and more

Jibin M George

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Crypto News – 30 April

Bakkt’s competition secures funding: Cryptocurrency exchange ErisX secured an additional $20 million from several new investors as it gears up for an imminent launch in the spot market.

Read more at https://bit.ly/2VFOdM2

Nasdaq launches XRP Liquid Index: XRP surged by 4 percent in an hour after Nasdaq announced the launch of XRP Liquid Index with Brave New Coin

Read more at https://bit.ly/2vtT8B7

CZ announces impending fund transfer: Binance’s CZ announced the impending transfer of USDT funds to a new cold wallet address, reiterating that there is no need for FUD

Read more at https://bit.ly/2WcVQqo

Australia assesses crypto-scam losses: Australia reported a loss of over AUD 6.1 million in cryptocurrency scams for 2018

Read more at https://bit.ly/2GToO9K

Lightning Network author on adoption: Bitcoin [BTC] Lightning Network adoption would improve if exchanges start using it between themselves, claimed Tadge Dryja

Read more at https://bit.ly/2ULaSlP

Tron Foundation takes over r/Tronix: Tron Foundation’s decision to take over Tron’s subreddit r/Tronix got called out for centralization

Read more at https://bit.ly/2GSKr9U





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Jibin M George is a graduate in International Relations and Law with a growing interest in the world of cryptocurrency and blockchain technology

Bitcoin

Bitcoin’s censorship resistance, freedom make it a game changer in the economic industry

Biraajmaan Tamuly

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Bitcoin's censorship resistance, freedom makes it a game changer in the economic industry
Source: Pixabay

Over the years, the global economic industry has witnessed significant changes. However, no change has been more significant or essential than the one introduced by the concept of virtual assets or Bitcoin. Today, Bitcoin and other virtual currencies are almost as essential as fiat money and despite the fact that digital assets have not reached worldwide adoption, the pace of growth has been substantial.

In a recent panel discussion, Jedidiah Taylor, CEO and Founder of Decent.Bet, the smart contract-based sports betting platform, stated that the idea of Bitcoin and blockchain technology projected a perspective of freedom and honesty which allowed individuals to have direct control over their own capital, without any oversight supervision from financial institutions.

The sentiment was followed by Nico De Jonghe, Founder and CEO of NDJ Investment Group, who added that the threat of decentralized assets loomed the largest over centralized institutions like banks, who were worried of the future prospects offered by Bitcoin and its impact on the long-term financial situation.

Tone Vays, a reputable analyst and Bitcoin proponent, opined and stated that Bitcoin’s biggest strength was the fact that it was completely “unconfiscatable” and that one’s BTC is completely safe if it is protected and secured with attention. The characteristic of censorship-resistant value transfer is also an absolute game-changer for Bitcoin, allowing it to competitively exist in the financial system.

The value of Bitcoin has often been criticized in the past, but its valuation has consistently proven its worth. In fact, Bitcoin has grown by more than 150 percent in 2019.

At press time, Bitcoin was priced at $11,371, with a market capitalization of over $202.18 billion. The staggering valuation of an asset that was unheard of 10 years ago, further underlines the potential of Bitcoin in the current market scenario and for the future economies.





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