From a check on Bitcoin’s pulse to a new milestone for Ethereum, here’s a look at some of the stories breaking in the world of crypto.
The death of Bitcoin has been “greatly exaggerated,” according to a new study from Cambridge University.
To reach its conclusion, the second Global Cryptoasset Benchmarking Study compares the current price of Bitcoin to its levels back in January of 2017.
“The speculation of the death of the market and ecosystem has been greatly exaggerated, and so it seems likely that the future expansion plans of industry participants will, at most, be delayed…
Statements proclaiming the death of the crypto-asset industry have been made after every global ecosystem bubble. While it is true that the 2017 bubble was the largest in bitcoin’s history, the market capitalization of both bitcoin and the crypto-asset ecosystem still exceeds its January 2017 levels–prior to the start of the bubble.”
You can check out the full study here.
Ripple and XRP
Ripple CEO Brad Garlinghouse is applauding the head of the International Monetary Fund Christine Lagarde for telling the world’s economic elite that “money itself is changing.”
.@Lagarde is absolutely correct: Money itself IS changing. Digital assets not only help to solve the financial inclusion problem, but also the very real issue of a fractured global payments system – it just makes sense that Central Banks would lean in. https://t.co/aFKwrF6Vf9
— Brad Garlinghouse (@bgarlinghouse) December 14, 2018
In a recent speech, Lagarde noted the promise of blockchain technology and cryptocurrency.
“Even cryptocurrencies such as Bitcoin, Ethereum and Ripple are vying for a spot in the cashless world,