Bitcoin Could 1,000x To Overtake Fiat, Argues Venture Investor

Satoshi Nakamoto, the pseudonymous creator of the Bitcoin protocol, always expressed an inkling of mistrust and cynicism towards centralized institutions, including Wall Street and the incumbent government. And for many years, much of the broader crypto community echoed these thoughts. Over the years, however, the underlying value proposition of Bitcoin and other digital assets have been misconstrued, especially as ‘get rich quick’ schemes have become a sector mainstay. But, some are still adamant that eventually, cryptocurrencies and related innovations will usurp the hegemony that fiat currencies have established for themselves.…

Two Exchanges Overtake Binance on CMC Rankings, But Research Suggests Volume Is Fake

Today, on March 21, both LBank and Bit-Z overtook leading exchange Binance on the adjusted trade volume cryptocurrency exchange rankings on CoinMarketCap, but research published on March 18 by the Tie suggests most of their volume is fake. At press time, LBank is in the third spot (formerly in first), Binance is in the second spot, and Bit-Z is currently holding the top spot. According to data contained in the Tie research, Bit-Z’s expected 30-day volume is only 0.79 percent of its reported 30-day volume. The aforementioned CoinMarketCap page attempts…

How Did Twitter CEO’s Square Overtake Coinbase as #1 Bitcoin Buying App?

Square, a payment platform for merchants and individual users operated by Twitter CEO Jack Dorsey, has surpassed Coinbase to become the most widely used iOS app to buy Bitcoin (BTC). The platform, called Cash App on Apple’s iOS store, also overtook YouTube to become the number one top free mobile application on the iOS store, demonstrating a rising demand for digitalized payment systems in the U.S. market. The easiest way for every single person in America to buy bitcoin is #1 on iOS today ? @CashApp pic.twitter.com/nYUt6tSkIJ — Miles Suter…

South Korean Crypto Exchanges Overtake Maltese Ones by Daily Trade Volume

Cryptocurrency exchanges registered in South Korea have overtaken their Maltese-registered counterparts by average daily trade volume in November. This is according to a report by cryptocurrency market data provider CryptoCompare, published Thursday, Dec. 6. The November edition of CCCAGG, a monthly crypto exchange review published by CryptoCompare, shows that South Korean exchanges, including Bithumb, Coinone, Korbit and Upbit among others, registered a combined $1.4 billion of average daily trade volume. In the meantime, their competitors in Malta had only achieved $1.2 billion. This is a significant change when compared to…

Ripple aims to overtake Swift banking network

“Swift said not that long ago they didn’t see blockchain as a solution to correspondent banking. We’ve got well over 100 of their customers saying they disagree.” In September, investment bank JP Morgan announced plans to roll out its blockchain payments plan to a network of more than 75 different banks including Santander and Société Générale. Banks are looking at the technology as a means of improving the efficiency of cross-border payments, which are often complicated by the involvement of regulatory compliance checks and missing data that can delay transactions…