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.
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.
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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 Christopher Michel via Flickr
FOTON Bank Is Launching An All-in-One Crypto Banking Service to Process up to 500 Transactions per Second
The decentralized FOTON project is launching its next-generation crypto-bank ecosystem to stimulate and facilitate the use of cryptocurrency payments worldwide, as stated in the official press release published by the company.
The statement issued by the FOTON project on December 3, referred to the launch of a decentralized crypto-bank designed for multi-currency transactions featuring a built-in fiat and cryptocurrency exchange system and instant contactless payments for goods and services worldwide. The system is intended to become a stable and flexible ecosystem that will enhance scalability for services related to financial assets, exchange solutions, cards, accounting, and business/customer services.
The technology being employed in the design of the ecosystem was specifically created to tackle some of the most critical issues facing the modern banking system, as well as the widespread adoption and application of cryptocurrencies in routine business transactions. The issues the FOTON project’s ecosystem seeks to solve include overregulation, bureaucracy, centralization, system faults, volatility, legal constraints and complications related to practical use.
“We are creating the ecosystem that will prove to be the impetus and basis the crypto market needs to make the effective transition to becoming the next global banking system,” as stated by Andrey Pashkevich, CEO and Co-founder of FOTON.
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“The time to buy is when there’s blood on the streets” – Baron Rothschild
You have probably heard these stories, but let me explain why they are as important today as they were 100 years ago when first spoken. Not only that, it is just as relevant today. A bit of a background first.
Napoleon was at war with England. The Battle of Waterloo, it was England’s last chance to save itself, and remain as England. Baron Rothschild was standing at his post in the London stock exchange. If England wins, the market will rally, if Napoleon wins, it will go to shit. Baron Rothschild sends his private messenger to Waterloo and demands that he return to him and report who won the war.
His messenger does so and makes it in time before the public knows anything. England had won the Battle of Waterloo. At his stand on the exchange, what does Barron do? You would think buy up stocks right? Nope, Baron starts to sell, at first slowly, and then faster. The other brokers on the floor watch what Rothschild is doing and think “Baron knows something, we lost, start selling”. Now, the brokers on the exchange begin selling in a frenzy. In the midst of all this, Baron begins placing buy orders at the bottom of the market through other brokers who do not know it’s him buying. On that day, Baron Rothschild purchased almost all…
Crypto Users’ Search For a Good Bitcoin Blender Stops With Bestmixer.IO
At first glance, it might seem easy to find a good bitcoin blender that guarantees your anonymity and is secure. There are after all a number of big bitcoin mixers on the market, so how different can their services really be?
If that’s what you’re thinking, beware. All bitcoin blenders claim to have anonymous transactions – that is after all the main reason why anyone would want to use these services. This claim was however always difficult to test. How does one go about to check if these promises are indeed true?
This was the case until BestMixer.io appeared on the scene. Unlike previous bitcoin anonymization services, BestMixer.io features complete, verifiable anonymization for bitcoin. Releasing a utility named the Coin Anonymization Event (CAE) check, BestMixer.io not only proved that their bitcoin transactions could not be traced, but also showed that those of their competition could be. With this bold move, BestMixer.io not only demonstrated that they are a good bitcoin blender, but one could argue that they are the best. Even though those services that were exposed as not being anonymous have in the meantime changed their systems to prevent the CAE-check from revealing transaction detail, would you really be happy to trust them again?
BestMixer.io mixes not only Bitcoin, but also other leading cryptocurrencies including Bitcoin cash, Ethereum, Litecoin and Bitcoin SV.
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