From Bitcoin and Ethereum’s potential to disrupt the status quo to big news from IBM and Stellar, here’s a look at some of the stories breaking in the world of crypto.
Money, Power and Crypto
Crypto advocate and educator Andreas Antonopoulos says Bitcoin and Ethereum are unstoppable. The crypto outlet Decrypt recently spoke to Antonopoulos, and highlights why he believes the two leading cryptocurrencies will work in tandem to disrupt the status quo of money and power.
“’The moment Bitcoin becomes the only choice,’ he intoned, ‘the level of corruption and abuse of power that we’re going to see in the Bitcoin community is going to require us to build something to disrupt it.’ He continued: ‘If you just replace the power structure of traditional central banking with a power structure of Bitcoin-maximalist-billionaires,’ he continued, ‘that [won’t] change anything.’
Worse still, power compromises. As he’d discussed at length in his two-hour-ish talk at ETHDenver Saturday, the promise and purpose of crypto – in this case Ethereum – is ‘unstoppable code,’ software that cannot be manipulated, co-opted or killed by any singular power. (Bitcoin, meanwhile, is ‘unstoppable money.’) So, it worried him that a new breed of power brokers had concentrated on the Ethereum network and inserted themselves as central points of failure.”
Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash
The Japanese crypto exchange BitPoint has received regulatory approval to launch a crypto exchange in Thailand, reports Nikkei. The exchange is expected to initially support Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash.
Bitpoint Japan was one of the first crypto exchanges approved by the Japanese Financial Services Agency (FSA). The company also operates in Malaysian, South Korea, Taiwan and Hong Kong,