Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Ripple (XRP) CEO asseverates China controls at least a 50% of Bitcoin - Global Coin Report
Connect with us

Don't Miss

Ripple (XRP) CEO asseverates China controls at least a 50% of Bitcoin



Ripple CEO China Bitcoin

In lights of the current panorama for the cryptocurrency world, it all seems like a few crypto-related figures have started to take advantage of the situation by criticizing some of the most outstanding tokens of the market, for instance, Bitcoin.

That is precisely the case of the Chief Executive Officer of Ripple, Brad Garlinghouse, who recently have been giving statements that put Bitcoin on a non-privileged situation. The comments have been received with a little of concern, since as it’s known, Garlinghouse is a Bitcoin investor himself, a fact because of which most of the cryptosphere is a little bit confused.

The businessman recently gave a strong declaration for The Street, a market, and business news portal, and according to the publication of site, Garlinghouse asseverated that China partially controls Bitcoin. Let’s recall that not so long ago the businessman also declared that bitcoin was not the panacea everyone was expecting, another strong opinion that left the whole community feeling shocked.

Stifel Cross Sector Insight event

This week a conference dubbed “Stifel Cross Sector Insights” got deployed in Boston, it was during this event when Garlinghouse shared with The Street the information he had regarding the leader of the sector, Bitcoin. There, he commented on the importance of paying attention to the fact that Bitcoin (BTC) is controlled in at least a 50% by China, the fact that he highlighted saying that with that much of a power the country could simply control the coin as they wish. Brad Garlinghouse, says,

“How do we know that China won’t intervene?”

Furthermore, he mentioned one more time that Bitcoin was not the panacea everyone was expecting, a comment that he previously made when he forecasted that Bitcoin would not become a global solution. However, he also mentioned that he thinks not even the blockchain will be enough to disrupt the banking sector, though he considers it will play a crucial role in this.

This comment turns to be a little convenient considering the fact that the company that Garlinghouse leads, more than a crypto organization is considered an enterprise that continually works on the development of different packs of solutions for the financial industry to make cross-border payments more efficiently.

In this matter, Ripple Labs has created different solutions for the industry so far, including, xCurrent, xVia, and xRapid being the last the one that carries the token of the company, XRP.

Ripple has managed to deploy the most astonishing partnering activities with many renowned institutions among we can find American Express, Santander, MoneyGram, Western Union, and a whole bunch of other bank institutions from all across the globe.

At the moment of writing, Ripple (XRP) trades at a value of $0.55100, and the coin has decreased by 1.59% in the last 24 hours. As the market continues its dip and the main cryptos try to find a way out, we still need to wait to see whether or not Garlinghouse strategy pays off.

For the latest cryptocurrency news, join our Telegram!

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 Christopher Michel via Flickr

Don't Miss

Is it legal to gamble in Bitcoin casino?



Bitcoin casino

Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.

Key facts on Legality in Bitcoin casinos

Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.

The necessity of Gambling License for Bitcoin casinos

In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.

There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…

Continue Reading

Don't Miss

How to Reach 100% Security of Online Transactions?



security of online transactions

The use of the global network for e-commerce operations requires ensuring an adequate level of security for all financial transactions carried out online. Each payment system uses the most convenient methods based on its capabilities and technical specifications. However, this doesn’t mean that you should only trust the system without adhering to general safety rules. For example, using ExpressVPN vs NordVPN or performing e-commerce operations or online trading in private networks will be a very good idea.

Online Security as It Is

The concept of information security means its resistance to accidental or deliberate impacts, the inadmissibility of destruction, distortion or disclosure to third parties, which can lead to material damage to the information owner. Here are some of the basic requirements that are to be adhered to:

  • Confidentiality – protection of information from unauthorized access is often provided by data encryption – conversion of text data into digital form, which can not be read without a special algorithm and a key;
  • Authentication – unique identification of the user. This often uses a login (domain name) and password, as well as additional confirmation, including one-time passwords or secret codes that are printed in a single copy for a given user password;
  • EDS – for the best data protection, electronic digital signatures (EDS) are used, which unambiguously determine that this information was received from a particular person who…
Continue Reading

Don't Miss

Is Unification (UND) XRP 2.0? IEO April 10th at UTC+8 on Bitforex!





Unification is a Hybrid blockchain solution for Enterprise. Above is my interview with CEO Neyma Jahan I explore what is Unification, how does a WRKchain actually work and why is this something people will quickly adopt. What is a really telling story here is that this is one of the few ICO/IEO/ITO etc… that actually is revenue positive which I honestly could not think of many others that were?

Neyma and team come from a background in real business, and they are focused on bringing blockchain adoption to the next level. They decided to go with the WRKchain or better known by some as a permissioned sidechain so that nodes can work together even if they do not like each other.

An example:

In education, we have tons of issues with plagiarism in universities and several, miss this and people write half copied thesis papers and get away with it. Imagine now for papers across Ivy league to Community colleges a system where professors come to a consensus about papers. Now also think of it this way those professors reading this paper all must read it, evaluate it, and come to a consensus. This will take out the professor knowing that student and give an honest overall evaluation. So each professor is basically a node. Then for each paper, there would be…

Continue Reading