From the current state of crypto innovation to Ripple’s plan to revolutionize cross-border payments, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin and Crypto Markets
The president of leading US cryptocurrency exchange Coinbase says he’s not surprised by the December crypto rally.
On CNBC’s Fast Money, Asiff Hirji talked about how far crypto has come in recent years, and where he thinks the space is headed in 2019.
“Things are never as good as they seem. Neither are they ever as bad as they seem. And to quote Buffet, ‘Be greedy when others are fearful, and be fearful when others are greedy.’ So I think it’s not surprising to me that we’ve had a bit of a bounce back. I think the amount of innovation that’s happened in cryptocurrency in the last year has exceeded everything in all the years before it. And if you just look at the number of engineers that are going into cryptocurrencies and the number of actual products that are being launched, we’ve never had as much innovation as we have today.
Three or four years ago, Bitcoin was the only thing that mattered in cryptocurrency. Then, Ethereum came along. And now, we’re at a point where there’s probably 3,000 to 4,000 cryptocurrencies out there. There are probably 200 or so that matter. And you should assume that we will, over the course of time, add all the cryptocurrencies that matter in as many geographies as we’re allowed to add them. This is the start, I think, of the next great wave of innovation in technology, and you should expect to see more and more cryptocurrencies over time.
I think institutions need a valid venue to trade on.