Goldman-Backed Circle Predicts Bitcoin and Crypto Comeback, Plus Ripple and XRP, Tron, Ethereum, Litecoin, VeChain: Crypto News Flash
From Bitcoin and the tokenization of everything to Ripple’s push to revitalize cross-border payments with XRP, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin and Crypto
The CEO of Goldman-backed crypto platform Circle says the technology that secures Bitcoin and cryptocurrency at large is fundamental to our future. At the World Economic Forum in Davos, Jeremy Allaire says crypto skeptics simply need to get more familiar with the emerging technology.
“People throw around ‘crypto’ like it’s a bad thing…
Guess what? Cryptography is at the foundation of protecting modern society, human privacy. It’s a fundamental tool of our cyber defenses. It’s a fundamental tool of every corporation.”
In a recent interview with CNBC, Allaire said he believes the price of Bitcoin is poised for a sharp turnaround in the coming years.
“We see this as much more transformative even than the web. We think this has a long arc that will have a far greater impact on our civic institutions and our economic institutions.”
“The key thing with Bitcoin is it’s unique in its security and its scale. And this idea that we need a scarce, non-sovereign store of value that individuals can hold in a protected fashion, that’s attractive all around the world. And I think it will be increasingly attractive.”
Allaire is also bullish on crypto at large, and says he thinks Bitcoin will be far from the only cryptocurrency still standing in the future.
“We have a phrase: the ‘tokenization of everything’. We think cryptographic tokens are going to represent every form of financial asset in the world. There will be millions of them in years.”
Ripple and XRP
At the World Economic Forum in Davos, Ripple CEO Brad Garlinghouse joined a CNBC panel on the future of cryptocurrency. Garlinghouse talked about his company’s suite of cross-border payment solutions, plans for XRP and the current state of crypto regulation.
You can check out the full round table below.
The Ethereum-based development studio ConsenSys just dropped a new post on how to make money with decentralized apps. The list includes bug bounties, freelancing, lending, staking and more.
DApps for earning cash
You can check out the post here.
Litecoin and Tron
The leading cryptocurrency exchange Binance just added new stablecoin trading pairs for Litecoin and Tron.
Litecoin is now paired with TrueUSD, Paxos and USD Coin. Meanwhile, Tron is paired with Paxos and USD Coin. Trading begins on January 24, 2019 at 10:00 a.m. (UTC).
VeChain CEO Sunny Lu will give a speech about the Singapore-based blockchain platform at the AT&T Pro-Am. The event on emerging tech starts on February 6th at Carmel Valley Ranch in Carmel, California.