From the potential for worldwide domination of cryptocurrency to the verdict on nine Bitcoin ETFs, here’s a look at some of the stories breaking in the world of crypto.
The Crypto Revolution
In a new interview with Naomi Brockwell, ShapeShift CEO Erik Voorhees calls government fiat a “scam”, and says he expects crypto to take over the world.
“I mean, I felt like it always had a significant potential to take over the world, and I still do. I think it is going to replace government fiat over time as people realize there is an alternative to that scam.
In some ways I feel like it’s inevitable, and in other ways I feel like it only happens if a bunch of people make it happen. So I’ve dedicated my life to projects in the space and helping the piece of it that I can to grow. And it’s certainly come a hell of a long way. Every financial institution in the world is watching it. Every government is somewhat bothered and a little nervous about it. Tens of millions of people have used it. Most people in the developed world have heard of this at this point. So yeah, it has made huge progress.
There’s still a really long way to go, but it has a far higher chance of actually taking over the world today than it did certainly when I got started.”
The US Securities and Exchange Commission is expected to reveal its decision on nine Bitcoin ETFs on Monday.
The proposals include two ETFs from ProShares, five from Direxion and two from GraniteShares. The agency initially rejected the proposals, but then decided to have the full commission take a closer look.
Ethereum, Stellar, NEO
CoinGecko’s new 2018 Q3 Cryptocurrency Report reveals Ethereum is still by far the most popular platform for companies looking to launch ICOs. According to the report, 85.75 of all ICOs are issued on the Ethereum ERC20 token standard.
Stellar and NEO are in second and third place, with 6.47% and 3.6% of the pie, respectively.
Ripple and XRP
The lead engineer at Ripple’s Xpring and co-inventor of the Interledger Protocol (ILP) has written a new blog post on why interoperability is crucial to the future of blockchain and crypto.
Meanwhile, Ripple’s chief marketing strategist Cory Johnson just dropped a tweet comparing the energy used by Bitcoin, Ethereum and XRP.
IOTA
The team at IOTA has released its monthly Qubic status update.
Qubic is a protocol designed to vastly improve IOTA’s capabilities by enabling distributed computing and smart contracts on a global scale.
VeChain
OceanEx just launched the alpha version of its crypto exchange and asset management platform, built on the VeChainThor blockchain. The project is awarding crypto to users that hop on and test the exchange.
“During the CryptoCup [Alpha Test], you will not only be able to explore more about OceanEx’s trading functions and contribute suggestions and ideas to OceanEx Beta, but also get a chance to compete with all other community members in the CryptoCup.
…there are two contests you can participate in and win big prizes: Flash Boys Trading Competition and Smart Investor Competition. Moreover, you can gain extra OCE tokens by contributing valuable suggestion to the platform development.”