From crypto volatility to the future of Bitcoin and Ethereum, here’s a look at some of the stories breaking in the world of blockchain.
Fundstrat co-founder and analyst Tom Lee says Bitcoin is not a fad.
At BlockShow Asia 2018, Lee highlighted a number of metrics on why he’s bullish on BTC and cryptocurrency at large and why he believes the current bear market could prove to be the start of a “golden age” for crypto investing.
Ripple and XRP
Ripple’s CEO says digital assets are here to stay, regardless of their reputation for volatility.
On Twitter, Brad Garlinghouse compared crypto volatility to the stock market and praised a recent statement on the future of crypto from the chairman of the New York Stock Exchange.
Exciting to see more people in traditional finance world take the long view on digital assets. Just like stock market volatility ≠ the end of stocks, digital assets aren’t going away https://t.co/9pqsGIDS5H
— Brad Garlinghouse (@bgarlinghouse) November 29, 2018
Support is growing for a plan to scale Ethereum in eight months or less.
As reported by CoinDesk, developers are pushing to launch “Ethereum 1x” in June, as an interim solution before Ethereum 2.0 is launched in 2020.
“While the exact code changes that will comprise the upgrade have yet to be settled, active discussions suggest a myriad of different proposals could be activated by June 2019, should a final proposal ultimately be formulated, proposed and approved by users of the ethereum network.”
Zcash surged more than 15%,