Every week, I will be collecting some news stories / opinion pieces that I have found to be interesting in the crypto world and condensing them down into one easily digestible article. All the article and images are taken from a news source that I like to use and an alternative to CoinTelegram called BeInCrypto.
BeInCrypto is a news website founded in August 2018 that specialises in cryptographic technology, privacy, fintech, and the Internet — among other related topics. The primary goal of the website is to inject transparency into an industry rife with disingenuous reporting, unlabelled sponsored articles, and paid news masquerading as honest journalism. You can visit their website by clicking here or join their new Telegram Trading channel by clicking here. I am also part of that group and like the content they are discussing. So let's get started!
Ripple CEO Criticizes Bitcoin for Being too Dominated by China
Talking to a TV anchor, Ripple CEO Brad Garlinghouse criticized Bitcoin for being represented by ‘four miners in China.’
Ripple is taking a more aggressive stance towards Bitcoin as it tries to position itself as a cheaper alternative. In recent comments made live on the New York Stock Exchange, Ripple CEO Brad Garlinghouse told the reporter that “China controls the Bitcoin blockchain.” To read the full article you can click here.
Bitcoin Trading Volume Stagnates in Hong Kong Amid Weak Jobs Report
Hong Kong is bracing for a weak jobs report due to coronavirus fears and economic sluggishness. Bitcoin trading in the country has remained stagnant at this time.
Persistent protests coupled with coronavirus fears have caused Hong Kong’s economy to slow down. The public is now bracing itself for the latest jobs report which most economists expect to underperform expectations. In January, the city’s unemployment rate was the lowest level seen since 2016 and the decline is expected to continue. To read more information, click here.
DropBit CEO Charged with Money Laundering, Peter McCormack Pulls Ads
Peter McCormack, the host of a cryptocurrency podcast called ‘What Bitcoin Did,’ has paused advertisements for DropBit, an app associated with Larry Dean Harmon. Harmon, a U.S. resident, was recently charged with money laundering on the dark web platform, AlphaBay.
DropBit was developed by Coin Ninja, of which Harmon is the CEO. McCormack commented on the arrest on Twitter and asked others for their thoughts on the matter. To read more about the story, click here.
Coinbase Under Fire for Charging 25% Commission for Tezos Staking
Coinbase is charging people 25 percent to stake Tezos (XTZ) on its platform, which has left many users outraged and demanding answers.
Staking has become more popular in the cryptocurrency world, but exchanges are apparently asking for a bigger piece of the rewards. Despite Coinbase being among the largest, most trusted exchanges in the entire industry, it is still charging a whopping 25 percent commission on Tezos (XTZ) staking. Staking was officially rolled out by Coinbase in November of last year. To read more about the story, click here.
TRON’s Effort at Cryptocurrency Domination Sees Steemit Partnership
The TRON Foundation has just announced a major partnership with the blockchain-based social networking firm Steemit. The move, aimed at pushing TRON adoption, is the latest of a series of deals to promote the network’s usage. You can read the full article by clicking here.
That is my weekly roundup of the interesting news coming from the crypto world. What do you think about the topics / news stories and what was your favourite article? If you liked the content, please consider following me and tipping the article. Also check out BeInCrypto, where the news articles came from. Until next time!
