Dan Morehead, the CEO of bitcoin investment firm Pantera Capital, says everyone needs to chill out about the current Crypto Winter. Morehead reminded the myopic industry that the crypto space had weathered similar bear markets before, and this one actually bodes well for the future of bitcoin and blockchain. ‘Underlying Fundamentals Are Much Stronger’ “This is actually our second Crypto Winter,” Morehead said on Laura Shin’s podcast Unconfirmed (audio below). “There was one in 2014 to 2015. In the previous one, I had more of a worry in the pit of my stomach about whether blockchain was actually going to work.
Back in October, members of the Bitcoin Cash (BCH) community discussed feeding chickens with mealworms over the internet from remote locations using BCH microtransactions. Now BCH users can provide food for horses, baby goats, roosters and more using River Forest Farm’s livestream and pay for feed using bitcoin cash.
The most popular cryptocurrency exchange in the world, Binance, sent out a blog post this morning saying they are delisting 4 coins. (BCN, CHAT, TRIG, ICN)
I decided to do some digging myself into the potential reasons for these delistings. Each of the 4 projects became delisted for a different reason, and Binance didn’t explicitly say why. Immediately following the delisting, all 4 projects took a beating in price action.
Instead of just copying and pasting the blog post, I wanted to investigate each one to shed some light and give clarity so that you can be informed in the future on other potential delistings.
In a recent article by Coingape, author Nilesh Maurya concluded with an interesting comment about the paths of Ripple XRP and Stellar XLM, Maurya states:
“Even though Ripple and Stellar come from the same source code and cater to the same industry, their focus approach and strategy is very different. Stellar (XLM) and Ripple (XRP) have different goals and they walk on their own paths. Stellar (XLM)’s developers are focused on helping startups while the folks behind Ripple (XRP) are partnering with banks.
Going back to the early days of Bitcoin, we look at the contributions of Nick Szabo to smart contracts and Bit Gold. Decentralizing gets another boost by Augur in the predictions marketplace with the launch of their platform. Then we see a very real world example of cryptocurrency solving a real need in Venezuela to avoid their collapsing currency and allow people to buy the goods they need to survive. Finally, we see a conventional exchange, the CBOE, talking to the SEC about getting a bitcoin ETF license, which would be a real milestone in terms of bringing cryptocurrency even closer to the masses as an investment vehicle.
Exchanges form the foundational platform for obtaining cryptocurrencies. These encrypted currencies are then used to make online purchases and transactions. In a world becoming increasingly digitalized, this form of currency is becoming highly popular.
Due to such a rise in demand for this form of digital asset, companies have clamored to capitalize on the growth by introducing numerous kinds of exchanges. Although this has provided users with options, it often leaves them confused and having to compromise on certain areas of exchanges as there is little to no effort by companies to tick all the boxes at their own expense.