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Analysis shows that XRP has much higher wealth concentration than both Bitcoin and Ethereum. Nevertheless, such concentration poses risks for all three coins. Here’s why. Wealth concentration by the numbers In August, blockchain analytics firm Coin Metrics released data around different coins and their wealth concentrations. Here are snippets for the top three coins by […]

One of NEO’s competitive advantages over Bitcoin and Ethereum is its ‘pragmatic’ approach toward centralization, argues founder Da Hongfei. Leveraging centralization One of NEO’s main criticisms is its centralization, both politically and architecturally. Right now, the NEO Foundation and its related organizations—for-profit NEO Global Capital and non-profit NEO Global Development—hold enormous power. Moreover, final decision-making […]

Ripple, the company behind XRP, announced the acquisition of Icelandic crypto-trading firm Algrim. The 6-person Icelandic company will help Ripple gain a foothold in Europe. Icelandic crypto trading company joins Ripple Ripple has been acquiring companies left and right in order to widen its grip over the international market. The latest company acquired by the […]

The Central Bank of Venezuela is exploring whether to hold Bitcoin and Ethereum in its international reserves. The cryptocurrencies would be used to circumvent international sanctions and pay state-run oil company debts, the report revealed. Circumventing sanctions with Bitcoin Apart from the political upheaval brought on by contested president Nicolas Maduro, Venezuela has been struggling […]

SEC Commissioner Hester Pierce, whose benevolent attitude towards crypto earned her the nickname ‘Crypto mom’, shared her thoughts on the current state of the crypto industry in the U.S. and the effect a slow regulatory response has had on the sector. Proud to be embraced by the crypto community The U.S. has notoriously been slow […]

Bitcoin recently took a nosedive, bringing the entire cryptocurrency market with it. Although some altcoins recovered from the recent drop, most—including EOS, Cardano, and TRON—remain in a bearish posture signaling a further decline. EOS EOS is one of the most prominent smart contract projects in the cryptocurrency industry. Born during the 2017 ICO mania the […]

Analysts have pointed out that Bitcoin’s price rises and falls in line with settlement dates for CME Bitcoin futures contracts. The phenomenon may point to market manipulation. CME’s impact on Bitcoin CME Group’s Bitcoin futures contracts were hailed as the bridge between institutional and retail investors. Growing volumes support this narrative. The CME saw a […]

All summer long, the hottest headlines in cryptocurrency have been about derivatives. As the price of BTC started to climb, BitMEX and CME both announced they were experiencing record trading highs on perpetual swaps and cash-settled futures. Binance has now launched not one, but two, futures trading platforms. Most recently, ICE launched physically-settled futures via […]

According to Binance Research, relative search trends of the term “Bitcoin” have been shifting from west to east since 2011, and have now reached Africa. Binance highlights Bitcoin popularity on Google Search The world’s largest digital asset, Bitcoin, has always been synonymous with cryptocurrencies. For most, Bitcoin is the gateway both to other coins and […]

Mario Draghi, the outgoing president of the European Central Bank, mentioned the institution is open to Modern Monetary Theory—a fiscal and monetary framework that argues governments can keep printing money so long as inflation is in check. This will only increase the demand for Bitcoin. A brief breakdown of Modern Monetary Theory Modern Monetary Theory […]