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XRP registers massive surge, Bakkt makes major announcement and more

Jibin M George

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XRP registers massive surge, Bakkt makes major announcement and more

Crypto News – 14 May

Cryptopia goes down: The New Zealand-based exchange, last in the news for the infamous hack in January, is in the news again after users reported that its website had been down for over 8 hours

Read more at https://bit.ly/2Q5ATLV

New York gets XRP trading access: San Francisco-based crypto-exchange, Coinbase, today announced that it was allowing XRP trading access to residents in the state of New York

Read more at https://bit.ly/2LEVNCY

BitMEX research on Binance: New research released by BitMEX suggests that Binance is the world’s leading Initial Exchange Offering platform

Read more at https://bit.ly/2HjnBZo

BitMEX research on ICOs: New research by BitMEX suggested that the ICO market was down by 3800% in Q1 of 2019

Read more at https://bit.ly/2JF3OFk

New partnership for Gemini: Gemini, the cryptocurrency exchange, has partnered with Flexa, a global cryptocurrency payments network that enables major retailers to accept digital asset payments

Read more at https://bit.ly/2VCJxaL

New milestone for BitMEX: Noted crypto-exchange, BitMEX, marked a major milestone after registering a trading volume of $10 billion

Read more at https://bit.ly/2Q2e7Vb

Roger Ver on Binance Hack: Bitcoin Cash’s Roger Ver is of the opinion that people should not trust crypto-exchanges, but should instead, hold their money in their own wallets

Read more at https://bit.ly/2Yti1cQ





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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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