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China sees Ripple as innovative blockchain while Bitcoin gets no love again

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Ripple Bitcoin

The crypto ranking in China is not breaking news as it started in May this year whereby including Bitcoin and Ripple a total of 28 crypto projects were ranked. Cryptocurrencies get evaluated in three categories: application, innovation, and technology. The cryptocurrencies are then get classified as well as in an overall index. From the first ranking of 28 crypto projects in May, there is an increase in number to a total of 33 crypto projects in the latest ranking.

New cryptocurrency rankings by CCID – Bitcoin downgraded further

On Monday, China’s Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology announced its new (sixth) update of the crypto projects. As like from the last time, at the top of the overall list is EOS followed by Ethereum and then comes Bitshares.

However, it’s not good news for Bitcoin as it has been downgraded further to 19th in the rankings. During the August update, Bitcoin was ranked 10th but fell to 16th in September’s update. We’re not predicting that we expect it to fall further during the next update, but it seems as if its overall rank falls in every new update China sends out.

Bitcoin Cash (BCH) is doing well as it has moved up a few positions occupying the 28th spot from last month’s 31st place. At the bottom is NEM which looks like it doesn’t want to surrender its previous position.

The Ranking Methodology

In the overall category, as mentioned in the beginning, topping the list is EOS which has proven to be China’s favorite thus far followed closely by Ethereum. EOS was not included in the first ranking issued in May only probably because its main network was not yet online. But after that, it has held the first position with no signing of going down.

According to the CCID, the technology category of ranking the crypto projects accounts for 65%, and it evaluates the technical realization, examines the performance, safety as well as the decentralization of the public chain. According to that category, the top five maintained their positions from the last update, and they are EOS, Bitshares, Steem, Ethereum, and Gxchain.

On applicability which evaluates the comprehensive level of Blockchain’s support for applications such as wallet application, node deployment, application implementation, and development support, the top five positions were taken by Ethereum, NEO, Nebulas, Qtum, and Dash respectively. As per CCID, this category accounts for 20% of the overall ranking.

Regarding creativity which accounts for 15% of the overall ranking and focuses on the continuous innovation in the public chain that includes developer size, code impact, and update, the top five positions were occupied by BTC, Ethereum, EOS, Nuls, and Cardano.

CCID China Ripple Innovation

The screenshot of the CCID report page having Ripple as the first in the list of innovative project index. | Source: CCID

The latest ranking index that involves the crypto projects which have the most significant increase in innovation lists Ripple at the top, and then comes Nuls, Lota, Nebulas and Bitcoin Cash respectively.

It’s quite interesting to see how China keeps rating Bitcoin low even though at least 50% of BTC is believed to be controlled from China since that much of crypto-king gets mined there. Of course, Ripple topping the list of most innovative crypto projects is pretty good news for the XRP community who seems to be most active than the rest (to me). Ripple making to the top is well-deserved though since the blockchain firm has proved they actually are innovating in different ways that how people deal with money today.

The primary purpose for the ranking is to be able to assess the development level of the global public blockchain technology scientifically as well as to grasp the trend accurately.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Glaborde7/Pixabay

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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