Colin LeMahieu, the creator of Nano (NANO), believes Ripple’s XRP is too slow, centralized and risky for financial institutions to adopt. “Many FX firms I’ve talked with have considered and dismissed them based on the fact that one company holds over 50% of the market cap,” LeMahieu told Crypto Briefing on Friday. “A single company holding […]
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UBS Chief Economist Blasts Bitcoin (BTC) in Internal Blog Post
Paul Donovan, the global chief economist at Switzerland-based UBS Wealth Management, believes Bitcoin (BTC) may be on its death throes following its near 80% correction in 2018, which Donovan calls “not healthy.” UBS on the fall in Bitcoin: There is some good news. The time, effort and electricity that built the bubble can now be used to do […]
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Esports Community Blasts Mysterious Blockchain Project Intergalactic Gaming
The esports community has joined together to blast Intergalactic Gaming, a new mysterious blockchain project focused on tokenizing the esports industry. The drama kickstarted when Yannick Bolasie, a professional footballer who plays for Aston Villa on loan from Premier League club Everton, took to Twitter ostensibly seeking advice on which esports organization to get involved with, as […]
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Vitalik Buterin Blasts Centralized Cryptocurrency Exchanges
Cryptocurrency exchanges are a vital aspect of this industry. Although they make it more convenient for consumers to embrace this new form of money, there are a lot of concerns associated with these centralized platforms. Vitalik Buterin is convinced that these companies are a problem and should burn in hell.
Vitalik Buterin on Exchanges
The world of cryptocurrency is about decentralization at its core. As such, one would expect the entire cryptocurrency ecosystem to be as decentralized as possible. Sadly, that is not the case as of right now, as this industry is mainly centralized due to mining pools and trading pools. The increase in decentralized exchange platforms may help change that situation in the future, but for now, no real changes are happening.