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

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Ripple CEO China Bitcoin
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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.

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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

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How Cryptocurrencies Will Change Online Gambling in the Future

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online gambling
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Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.

An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.

A Post-Legality Era

Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.

In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll…

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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

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How to Secure Yourself in Relation to Bitcoin: Top VPN Services

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Bitcoin
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Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

Security

While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.

Anonymity

Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…

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