Bře 11

Older South Koreans Are Investing in Cryptocurrencies the Most

· March 11, 2018 · 1:00 pm

While most people associate cryptocurrency investment with the younger half of the generational spectrum, reports have shown that seniors in South Korea are going significantly harder in the digital paint than younger investors.

Respect your elders

According to a survey of 2,530 adults by the Korea Financial Investors Protection Foundation conducted last December, older investors are getting involved in cryptocurrency much more aggressively than younger investors — though the latter is more active when it comes to buying and selling.

People in their 60s invested larger amounts than any other age demographic, totaling 6.59 million Korean Won — or $6,194 USD. “The older the investor, the larger the investment,” Kwon Soon-chae, told Korea Joongang Daily.

However, senior analyst at the Korea Financial Investors Protection Foundation is worried that older investors don’t really understand what they’re getting themselves into. Said Soon-chae:

There’s a need for older investors to not lose their retirement savings on cryptocurrency investments.

South Korea Bans Bitcoin Futures As Authorities Consider Crypto Income Tax

The survey also revealed that roughly 23 percent of South Koreans in their 20s have experience in buying cryptocurrency, while people in their 30s aren’t far behind at 19 percent. The likelihood of a South Korean in his or her 40s investing in cryptocurrency, meanwhile, was 12 percent, while someone in their 50s was only 8 percent.

In regards to investment size, South Koreans in their 20s averaged 2.93 million Korean Won, versus people in their 30s and 40s who both invested less than 4 million won. Those in their 50s weren’t far behind those in their 60s, at 6.29 million won.

As noted by Korea Joongang Daily, 42 percent of participants in their 60s were investing more than 3 million won, while 21 percent invested more than 10 million won. Of those in their 50s, less than 10 percent invested a larger sum than 10 million won, as compared to participants in their 20s and 30s, of which 40 percent put less than 1 million won.

The hype is over

Perhaps most importantly, the survey indicates that the hype surrounding cryptocurrency — particularly during the unprecedented bull run which took place late last year — has cooled off.

According to the survey, respondents that continued to invest in cryptocurrency made up only 6.4 percent of the total pool, while 31.3 percent never even dipped their toes in digital currency’s waters.

A particularly concerning statistic for cryptocurrency enthusiasts is the fact that one 7 percent claimed they would continue to invest in digital currencies, while 23.1 percent admitted feelings of reluctance. Meanwhile, 70 percent claimed they had no plans to invest in cryptocurrency.

Respondents’ largest concern was the threat of hacks, while volatility came in as the second most popular reason for refraining from cryptocurrency investments.

Are you at all surprised to learn that older Koreans are more aggressive cryptocurrency investors? Do you think the downtrend to start 2018 is scaring investors away? Let us know in the comments below.

Images courtesy of Bitcoinist archives, Shutterstock

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Bře 05

Coincheck’s $534M of Stolen NEM Found By Blockchain Forensics Firm

· March 5, 2018 · 11:00 am

BIG Blockchain Intelligence Group has reported that its Forensic and Investigations Division has successfully followed the laundered proceeds from the high-profile Coincheck hack — in which $534 million worth of NEM (XEM) coins were stolen — to an exchange in Vancouver.

Lost & Found

On January 26, 2018, the cryptocurrency world was once again rocked when Japanese exchange Coincheck reported the loss of 526 million XEM coins — worth upwards of $530 million. The theft was the second largest in the history of cryptocurrency.

However, BIG Blockchain Intelligence Group has successfully tracked the proceeds from those stolen digital assets to an exchange in Vancouver, where the funds are being laundered.

BIG plans on delivering the important information to the relevant authorities as soon as possible. According to a press release from the company:

BIG Blockchain Intelligence Group will compile the information gathered from its suite of proprietary technology search and data analytics tools into a comprehensive, official report outlining its forensic findings – for delivery to law enforcement agencies in Canada and the US.

Additionally, BIG’s Director of Forensics and Investigations, Robert Whitaker, stated:

The NEM (XEM coin) has a strong and loyal crypto community that has been affected by this hack. Our corporate mandate at BIG Blockchain Intelligence Group is to provide technology and services that bring cryptocurrency mainstream and create security in the sector, which is why we’re stepping up to help bring transparency and insight to this example of illicit activity.

BIG hopes that the company’s “efficient and effective response to the hack further establishes BIG as the global standard for cryptocurrency search and data analytics.”

Bitcoinist_Global Expansion Coincheck

BIG is a developer of Blockchain technology search and data analytics solutions. It has developed a cryptocurrency agnostic search and analytics engine which helps government agencies and law enforcement officials hunt down cyber criminals in the crypto space. The engine allows for forensic-level tracing, tracking, and transaction monitoring.

Though cryptocurrency has largely been founded around the principles of decentralization and deregulation, forensic-level watchdogs like BIG may help ensure large-scale cryptocurrency heists are a thing of the past.

What do you think about BIG successfully tracking Coincheck’s stolen funds to an exchange in Vancouver? Let us know in the comments below!

Images courtesy of Bitcoinist archives, Wikipedia Commons, Shutterstock

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Úno 28

So Why Did Goldman Sachs-Backed Circle Really Buy Poloniex?

· February 28, 2018 · 10:00 am

Goldman Sachs-backed startup Circle made waves earlier this week when it acquired cryptocurrency exchange Poloniex. A couple of experts share their thoughts on the implications for the soon-to-be first compliant US crypto exchange and its customers.

Most Crypto Exchanges ‘Over-Regulate Themselves’

As the dust settles on Circle’s acquisition of Poloniex, U.S. regulators are keeping a close eye on KYC/AML compliance of cryptocurrency exchanges.

Joseph Weinberg

Joseph Weinberg, OECD Think Tank Special Advisor and Chairman of Shyft, a blockchain protocol that will create a new standard for the KYC/AML mandates, shared his comments with Bitcoinist. He states:

Most crypto exchanges that are processing fiat to crypto transactions are very compliant and, in some cases, even more so than banks. It all really depends on jurisdictions and the compliance policies given by countries to crypto exchanges.

He continued:

For crypto exchanges, the challenge lies in how little formal guidelines there are from regulators. As a result, most of the industry has been doing self-compliance in absence of clear procedures. To err on the safe side, crypto exchanges over-regulate themselves. For example, most exchanges ask for passport verification in order to confirm users’ identities, whereas most banks only require government-issued IDs, such as drivers licenses.

Interestingly, Circle acquired the crypto exchange over a year after announcing it was shifting focus from Bitcoin to blockchain-based services. At the time, the company informed its Bitcoin customers that they can can cash out or transfer their balances to Coinbase, if they wished to continue to use the cryptocurrency.

So why did Circle decide to jump back into the crypto game?

It appears that Poloniex was struggling to keep up with the unexpected surge in new users as prices skyrocketed in the second half of 2017. Additionally, being based in the United States, the company also had to keep up with rising compliance costs as it rolled out its new KYC policies late last year.

Weinberg explains:

In the past, Poloniex had a lot of issues with onboarding new users and properly building out its KYC process, mainly due to the large amounts of time it takes to verify users. Given the level of KYC that exchanges force themselves to go through, scaling compliance is almost a separate product that the exchange has to build out.

According to him, this is where Circle comes in with their KYC/AML expertise. He says:

Through this acquisition, Circle will deploy more people to help handle compliance—more employees to build and process KYC due diligence faster. This is the same type of issue traditional banks have when it comes to scaling. Compliance costs keep multiplying, and yet, they aren’t always found to be effective.

The SEC Is Watching

Meanwhile, another takeaway has been put forth by Nathaniel Popper, author of Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money.

Popper noted on Twitter that the SEC informally suggested to Circle that no enforcement action will occur if the Boston-based startup “cleans up Poloniex and turns it into a regulated exchange.” He adds:

The SEC seems to be saying here that it’s okay if you broke the rules, as long as you get acquired by a legitimate player before we crack down on you.

The question now seems to be whether the SEC will apply this same thinking to other virtual currency exchanges if they are acquired by large players.

In addition to facilitating compliance, Circle also announced that it will add fiat bridges and expand operation to other markets. Namely, the company promised to explore “USD, EUR, and GBP connectivity that Circle already brings to its compliant Pay, Trade, and Invest products.”

This would imply that the exchange must also become compliant and answer to regulators from across the pond, who are currently scratching their heads on how to approach cryptocurrencies without stifling innovation in the process.

Therefore, regulators in the U.S. and abroad could be playing the carrot and stick strategy by providing an incentive for crypto exchanges to get acquired by the large players, such as Goldman Sachs, before a potential crackdown. Admittedly, this could also be a clever way for traditional finance to not only appear innovative through association but also assimilate would-be future competitors.

If true, the strategy may be futile and usher in the Streisand effect to boot. As technology advances, so do new methods of exchanging cryptocurrency. Therefore, assimilating centralized exchanges like Poloniex could force users to migrate en masse to decentralized exchanges and further bolster their development.

Why do you believe Circle acquired Poloniex? Share your comments below!

Images courtesy of Shutterstock, Twitter/@nathanielpopper.

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Úno 25

NEO vs. Bitcoin – Key Similarities & Differences

· February 25, 2018 · 9:00 am

NEO and bitcoin are two cryptocurrencies which have risen to prominence since their inceptions. These coins possess some similarities, however, they also possess a number of important differences. Here is a closer look at the key similarities and differences between NEO and bitcoin.


Popularity – Both NEO and Bitcoin are extremely popular. That is why both coins are in the top ten coins by overall market cap as of February 12th, 2018. NEO and bitcoin are joined in the top ten coins by ethereum, ripple, bitcoin cash, cardano, litecoin, stellar, eos, and iota. All of the coins in the top ten have developed strong support from cryptocurrency users.

Exponential growth – NEO and bitcoin have both seen periods of exponential growth. 2017, in particular, was a year that was tremendous growth for both cryptocurrencies. In 2017, bitcoin rose from having a price of around $1,000 per coin to having a price of almost $20,000 per coin in December 2017. NEO rose from having a price of just a few cents in 2017 to having a price of over $100 by the start of 2018. 2017 was a very strong year for both coins, and in fact, both NEO and bitcoin were some of the best investments that anyone could have made in 2017.

Limited quantity – There are only a certain amount of coins for both the NEO and bitcoin cryptocurrencies. For NEO, the limit is 100 million coins. For bitcoin, the limit is 21 million coins. So, there is a finite amount of both coins. This means that if more people become interested in cryptocurrencies, this scarcity could drive up the price for both coins significantly higher than their prices already are in early 2018.


Age – Although the entire cryptocurrency industry is new, bitcoin is significantly older than NEO, relatively speaking. Bitcoin was created in 2009, whereas NEO was created in 2014. Because of the fact that bitcoin was created five years before NEO was, it had a five-year head start over NEO and many other cryptocurrencies. This helped it benefit from the first-mover advantage, and to gain market share before many competitors even existed.

Overall market cap size – Despite the fact that both cryptocurrencies are in the top 10 for overall market cap size, bitcoin’s market cap is much larger than NEO’s. As of February 12th, 2018, the market cap for bitcoin is $149,160,858,393. The market cap for NEO on the same date is $7,318,805,000. This is a difference of more than $140 billion.

Creators – The creators of NEO are known. NEO was created by two Chinese developers: DA Hongfei and Erik Zhang. The creator of bitcoin is a complete mystery. This is because the person (or group of people) who created bitcoin used an alias. This alias is Satoshi Nakamoto. There have been many guesses as to who Satoshi Nakamoto might be. Some people speculated that it was Elon Musk, founder of Tesla, PayPal, and other major corporations. However, Musk has denied these claims, and the mystery of bitcoin’s creator lives on.

Function – Since 2009, when it was created, bitcoin has slowly become positioned as a long-term store of value, and a type of “digital gold.” It is the king of cryptocurrencies and it is the mark by which many other cryptocurrencies are judged. NEO, on the other hand, is designed to be both a cryptocurrency and as a platform for facilitating smart contracts and decentralized apps, or DApps. Technically, smart contracts can be facilitated with bitcoin, however, bitcoin is not known as the go-to platform for such contracts. NEO and ethereum have taken this role primarily.


NEO and bitcoin are similar in that they are both popular, have experienced exponential growth at times, and have a limited quantity. They are different in terms of age, overall market cap size, creators, and function. However, despite their differences, both NEO and bitcoin saw tremendous gains in 2017, and could potentially see them again in 2018.

If you are interested in investing in or trading NEO, bitcoin, or other cryptocurrencies, you can do so on the eToro platform. Etoro is the world’s social trading network. With eToro, you can not only invest in and trade cryptocurrencies, but you can also copy the moves of top traders. This can be extremely beneficial.

What is your outlook for NEO vs. Bitcoin? Let us know in the comments below!

Images courtesy of eToro, Shutterstock

Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

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Úno 17

Chicago Trader Steals Over $2 Million in Bitcoin and Litecoin Cryptocurrency

· February 17, 2018 · 10:30 am

A Chicago trader is facing up to 20 years in prison for stealing over $2 million in Bitcoin and Litecoin cryptocurrency from his employer.

Most 24-year-olds would be quite happy to be attached to a new cryptocurrency unit for a major financial entity. That’s not a bad career path for someone who previously worked as a cryptocurrency trader in South Korea before joining Consolidated Trading LLC to become an assistant bond trader in July 2016. A new department looking to dive into the burgeoning crypto world is a great stepping stone for moving up. That is unless that person is a degenerate gambler. Such is the case of Joseph Kim, who stole over $2 million in Litecoin and Bitcoin cryptocurrency from his employer.


Stealing Begins Almost Immediately

The cryptocurrency group was created by Consolidated in September 2017, and Joseph Kim joined the unit sometime during that month. He had his own personal cryptocurrency accounts, which he informed his employer of, and he was told to cease all personal trading to avoid a conflict of interest.

However, Kim transferred 980 litecoins (worth $48,000) on a weekend shortly after joining the new unit. When a supervisor found out, Kim said he transferred the coins to a “personal digital wallet for safety reasons” due to issues he was having with Bitfinex, the cryptocurrency exchange in Hong Kong. He then said that the coins had been transferred to a Consolidated wallet (which was untrue).

In November, the trader then sent 55 bitcoins (value of $433,000) from Consolidated into an unknown account. When confronted on this transfer, Kim said that the transfer had been blocked and that he was taking steps to unblock it. He later sent back 27 bitcoins into the corporate account, leaving 28 in his possession.

The Sizes Get Bigger

Eventually, Kim transferred 284 bitcoins (worth $2.8 million) from the company’s account into a personal wallet. He later sent back 102 of those coins into the Consolidated account, after which he then transferred the remaining 182 coins into a different account. Of that last amount, Kim lost a portion of it by personally trading.

Cryptocurrency gambling

When eventually confronted over all the transfers, Kim admitted to investing in short future positions using 55 bitcoins. He continued stealing cryptocurrency from the company to cover his margin calls, losses, and personal investments. After being arrested, Kim said that he was a degenerate gambler and admitted to converting the stolen Litecoin into Bitcoin for investment purposes.

Eventually, Consolidated managed to recover roughly 144 bitcoins from Kim’s various personal wallets. The financial company lost about $603,000 overall from the rogue trader’s gambling addiction.

In an email to his superiors at Consolidated, Kim said:

It was not my intention to steal for myself. I was perversely trying to fix what I had already done. I can’t believe I did not stop.

Investment gambling is real, and cryptocurrency is just a new avenue for some to indulge in the practice. The US Attorney has charged Joseph Kim with wire fraud, which could net him up to 20 years in prison. Kim has also made history, of a sort. He’s the first person in Chicago to be charged with wire fraud in regards to cryptocurrency.

Do you think that we’ll see more cases of traders pilfering cryptocurrency to fuel their gambling addiction in the future? Let us know in the comments below.

Images courtesy of Pixabay and Bitcoinist archives.

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Úno 15

Ripple Signs Major Deal with Saudia Arabia’s Central Bank

· February 15, 2018 · 10:30 am

Ripple, the third largest cryptocurrency by market cap, has been on a tear lately, and it has now signed a significant deal with Saudi Arabia’s central bank.

Ripple Rapidly Gaining Traction

Ripple continues to make inroads into the traditional financial sector. It has recently announced a massive deal with the UAE Exchange and a major partnership with Lianlian International. Additionally, Banco Santander is set to roll out Ripple payments in Q1, and just today came the news that Western Union will begin testing XRP transfers.

Ripple XRP

According to reports, Saudi Arabia’s central bank has penned a deal with the San Francisco-based cryptocurrency company, which aims to help banks in the oil-rich kingdom settle instantaneous cross-border payments using blockchain software. Specifically, Saudi Arabia will utilize xCurrent, Ripple’s enterprise software solution facilitating such payments with end-to-end tracking.

Saudi Arabia’s deal with the cryptocurrency company is the first such blockchain-utilizing pilot program launched by a central bank. Dilip Rao, Ripple’s global head of infrastructure innovation, says:

Central banks around the world are leaning into blockchain technology in recognition of how it can transform cross-border payments, resulting in lower barriers to trade and commerce for both corporates and consumers.

Saudi Arabia’s partnership with the virtual currency company comes after Gulf regulators have expressed concerns over Bitcoin and the cryptocurrency market’s lack of regulation. Thus, Ripple has, unsurprisingly, proven itself to be an attractive offer.

Ripple Shoots Up After AMEX Deal and Secret US Bank Meeting

Unlike Bitcoin and other cryptocurrencies that are largely founded on the premises of deregulation and decentralization, Ripple has openly marketed itself as a blockchain solution for traditional financial institutions. In turn, the cryptocurrency has long come under criticism for undermining what some consider to be the very foundations of cryptocurrency and blockchain technology.

Drawing further skepticism from investors is the fact that the vast majority of XRP tokens are owned by Ripple’s parent company, thus making it technically capable of regulating the price of said tokens.

XRP saw highs around $3.84 on January 4th but has since fallen as low as $0.59. It is currently trading at $1.12.

In December, UAE central bank governor Mubarak Rashed al-Mansouri also told Reuters that the central banks of both Saudi Arabia and the United Arab Emirates are working together in hopes of issuing a digital currency that would help facilitate cross-border transactions between the two countries.

What do you think of Ripple’s efforts to continually sign major deals with financial institutions? Do you think Ripple undermines cryptocurrency’s foundations? Let us know in the comments below!

Images courtesy of Shutterstock and Bitcoinist archives.

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Úno 02

Diversify They Said: Bitcoin’s Drop Sparks Double Pain For Altcoin Holders

· February 2, 2018 · 8:30 am

Bitcoin has proven its worth in a fresh market downturn as altcoin assets across the board dramatically overtake its losses.

Bitcoin Steadiest Top-50 Asset

A glance at Coinmarketcap’s top fifty cryptocurrency asset prices Friday reveals even Ether (ETH) to have lost around 7% more than Bitcoin’s 15.5% daily minuses.

Ripple shed 31%, Bitcoin Cash 20% and Cardano 37%, putting it just behind Ardor’s 39% as the top fifty’s biggest loser as of press time.

The only asset to buck the trend in the top one hundred assets is Digix DAO, which in an unlikely opportunistic growth spurt appreciated 90% in the last 24 hours.

As mainstream media once again raced to celebrate the popping of the Bitcoin ‘bubble,’ cryptocurrency industry insiders showed no signs of panic.

In what has become a common sequence of events for 2018, fresh downward corrections are being met by tips to “buy low” concerning Bitcoin, its lesser fall making it the ideal holding currency for purchasing even lower altcoins.

Meanwhile, investment platform BankToTheFuture creator Simon Dixon led forecasts of where Bitcoin’s price bottom would eventually appear, considering $7300 as the site of a future upward correction.

Korea Ditches ‘Kimchi Premium’ Arbitrage

Downward selling pressure had been mounting through last week for Bitcoin. Regulatory overhauls in South Korea, reiteration of government stance in India and the misrepresentation of both in the mainstream press led to an  infiltration of ‘fake news’ which appeared to frighten markets.

The flurry of media speculation produced fertile ground for naysayers, with popular monitoring site 99bitcoins now containing almost 250 Bitcoin ‘obituaries.’

At the same time, conditions in jurisdictions which contributed to negative sentiment are showing signs of marked improvement.

South Korea, which had previously been famous for mismatched crypto prices and associated arbitrage opportunities, has reinvented its landscape as new regulations deliver changes.

Data from Bloomberg and CryptoCompare shows the price of a bitcoin in the country now de facto matches global averages.

What do you think about crypto markets’ current performance? When will Bitcoin bottom out? Let us know in the comments below!

Images courtesy of Shutterstock, Twitter

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Led 17

Bitconnect Shuts Down Amid Crypto Crash

· January 17, 2018 · 6:15 am

Following months of bad press and publicity, lending and exchange platform Bitconnect has announced that it is shutting down. Many had suspected the platform of being a Ponzi scheme, and it had suffered multiple DDoS attacks on the website.

In an announcement on its website, the platform said it was closing the lending operation immediately with the release of all outstanding loans. The notice cited continuous bad press, including two Cease and Desist letters from the securities boards of Texas and North Carolina.

Coin Collapse

Bitconnect has stated that it will refund all active loans at a rate which it calculated from the past 15 day average price.

With release of your entire active loan in the lending wallet we are transferring all your lending wallet balance to your BitConnect wallet balance at 363.62 USD. This rate has been calculated based on last 15 days averages of the closing price registered on coinmarketcap.com.

Within moments of the notice, the BCC token price plummeted from around $180 to $24 amid a general market decline across all cryptocurrencies.

According to TechCrunch, many users will still have suffered severe losses on their fiat, or Bitcoin equivalents, if they had invested in BCC, which is effectively useless now since the platform has shut down.

FANG Stocks Lose Nearly $60 Billion as Bitcoin Claws its Way to the $10k Mark


A number of prominent crypto experts have also labelled Bitconnect as a Ponzi scheme, including Ethereum co-founder Vitalik Buterin and Litecoin’s Charlie Lee who tweeted:

Turns out it was a ponzi after all. Sorry for those that got caught up in this. Ponzis work because people are easily fooled.

Bitconnect was an anonymously run operation that allowed users to loan their cryptocurrencies to the company for large returns of up to 40% per month. A large referral system generated a pyramid scheme on social media, with users plying their referral links for extra commissions.

The loans were in USD but had to be made in BCC, which could be purchased with Bitcoin. As its popularity grew, the token gained value and climbed from $10 in mid-2017 to a high of $435 at its peak at the end of the year.

Bitconnect has stated that they will continue supporting the coin:

Closing the lending and exchange platform doesn’t mean that we will stop supporting BitConnect coin. Closing the lending platform will allow Bitconnect to be listed on outside exchanges giving more options for trading. This is not the end of this community, but we are closing some of the services on the website platform and we will continue offering other cyptocurrency services in the future.

Although with the token’s value approaching the floor, renewed confidence and investment in BCC remains a very forlorn hope.

Did you use Bitconnect and has this affected you? Share your thoughts in the comments below.

Images courtesy of Pxhere and Bitcoinist archives.

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Led 05

Coinbase Rejection Sees Ripple Drop 20% As Rumors Evaporate

· January 5, 2018 · 5:15 am

Ripple’s seemingly unstoppable bull run took a hit Thursday after US exchange Coinbase dispelled rumors it would add the asset.

‘No Plans For New Assets’

From highs above $3.60, the latest milestone in what has become the biggest-ever annual appreciation for a major cryptocurrency of around 35,000%, the platform’s XRP token swiftly fell by almost a fifth following the news.

As of press time Friday, XRP is correcting and is still down 9% versus USD and 15.4% against Bitcoin (BTC).

A blog post from Coinbase reads:

As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.

Coinbase Treads Carefully

Rumors had previously circulated widely that XRP was due to debut on the largest exchange in the US. The veiled nod to those rumors is no doubt a prudent step as Coinbase is continuing to face major criticism and scrutiny after it emerged staff leaked information about Bitcoin Cash (BCH) being added to its books.

Meanwhile, the Coinbase blog post continued to say:

A committee of internal experts is responsible for determining whether and when new assets will be added to the platform in accordance with our framework.

The Coinbase Effect

It then added the following:

These individuals — and all employees at Coinbase — are subject to confidentiality and trading restrictions.

Ripple executives, like its investors, nonetheless remain tangibly confident about the asset’s prospects. As Bitcoinist reported Thursday, the token’s utility as a currency is a major boon to users and, thus, has a tremendous innate value, according to CEO Brad Garlinghouse.

Co-founder and chairman Chris Larsen, who owns a 37% stake of Ripple’s implied value of $320 billion, could well be the world’s ‘implied’ new richest person, with a fortune topping that of both Bill Gates and crypto-skeptic Warren Buffett.

XRP also found its way into traditionally Bitcoin-critical media outlet Russia Today’s cryptocurrency recommendations for 2018, along with Ethereum, Bitcoin Cash, Cardano, and Litecoin.

What do you think about Coinbase’s decision not to add Ripple? Let us know in the comments below!

Images courtesy of Pixabay and Bitcoinist archives.