Cardano (ADA)’s Charles Hoskinson Believes Bitcoin Will See $100,000, Calls Crypto “Unstoppable”

  • Charles Hoskinson was the co-founder of Ethereum, and he created the Cardano crypto asset.
  • Presently, Bitcoin is worth $7,308.90, gaining over 1% in the last 24 hours, though it fell below $7,000 yesterday.

Bitcoin has gone through quite a bit of turmoil in the last few years, but there are many advocates that believe that it will come back. Though many analysts have made bold predictions, Ethereum co-founder and creator of Cardano Charles Hoskinson has his own, believing that Bitcoin will be able to surpass the $10,000 price level again. In fact, he also believes that Bitcoin will ultimately reach $100,000 as well.

Hoskinson posted to Twitter on November 22nd about this matter, stating that the original cryptocurrency is more than just speculation. He added that the media attention on price drops has led to “FUD” (fear, uncertainty, and doubt) in the market, which is what he blames for the manipulation in the market.

Since Hoskinson states that Bitcoin is more than the price movements it records, he says that Bitcoin will be seeing more gains as it ages. He remarked that cryptocurrency, overall, “is unstoppable” and it “is the future,” adding that Bitcoin will again reach $10,000 and will “welcome 100k.” Just last month, Hoskinson warned that, if Bitcoin was ever to fail, then it would take the rest of the cryptocurrency industry with it.

Cointelegraph recently reported that Bitcoin, along with the majority of altcoins, saw a massive price drop yesterday. Bitcoin price even dropped below $7,000, though it is presently sitting at $7,308.90. In the last 24 hours, it has gained 1.61%. Not long after the drop, Bakkt showed an all-time high for their Bitcoin futures daily volume, indicating that the renewed volatility has spurred more interest from investors.

Analysts with CoinTelegraph stated that the dominance for Bitcoin is actually up this week, recording 69%, which means that the decline hasn’t knocked Bitcoin down from outperforming other cryptocurrencies in the market.

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Author: Krystle M

Trustology, a New Crypto Custody Provider for Institutions, Releases Hot Wallet ‘TrustVault’

Trustology, a company created by bankers who worked on companies such as BNY Mellon, UBS and the Bank of America, has recently released a new product: a custodial hot wallet that is catered to institutional investors.

This new wallet is called TrustVault and, at first, it may look a lot like a normal phone wallet. However, it has several security measures behind the scenes. The private keys of the customers will be held within special security models that are operated by the company. To access them, the person has to be verified by decentralized data centers.

According to Trustology CEO Alex Batlin, blockchain technology is important to create several new assets, so people need security to store them. This is what the new product is able to provide them with.

Batlin affirmed that having to deal with multiple interfaces can be a pain. There are popular tools such as MetaMask, but with so many assets appearing all the time, all of them have different interfaces and smart contracts, so having a wallet that can let you use these products with more ease is a good idea.

He also added that a lot of people avoid doing transactions with some altcoins because they don’t see them as secure. In several cases, people often decline to send large amounts as they are afraid that the transactions may be hacked.

The selling point of the product is that instead of using MetaMask and then several solutions, you can use just one: TrustVault. This way, the experience of the user will be considerably better.

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Author: Hank Klinger

Ripple in Hot Water For Misleading Relationship with XRP in ‘Discovery’ vs ‘Creation’ Debate

Ripple has recently been criticized for misrepresenting the fact that it created the XRP tokens. Nic Carter, the co-founder of Coinmetrics.io, has recently affirmed the company is trying to “obfuscate the nature” of it’s relationship with the XRP technology.

According to Carter, “these psychopaths” (meaning Ripple) are claiming that they discovered XRP instead of creating it, which is what actually happened. The accusation comes from a quote that was said by Cory Johnson, who worked as the Chief Markets Strategist of the crypto company for around a year.

Johnson affirmed that the relationship that Ripple has with XRP is similar to the kind of relationship that Chevron has with oil because the company does not control all of it and is not the same thing. The company’s representative was basically trying to disassociate Ripple from its creation.

Carter also cited an article written by the attorney Preston Byrne, in which he believed to be a good take on this discussion. According to Byrne, no one used XRP before Ripple was created.

“No ‘Official Ledger’ containing XRP or any transactions on the ledger which is today used as ‘XRP’ existed before Ripple Labs, Inc. (initially named Newcoin Inc.) was incorporated on 19 September 2012.”

This is the main reason why he believes that XRP is a Ripple security: it did not exist nor was it used before the company. The technology is directly related to the company, despite how “decentralized” it can be. It makes no sense to compare it to oil, which already existed before it was extracted.

“One really important distinction is, the XRP ledger existed before Ripple the company. Certainly we are an interested party in the success of the XRP ledger, for sure — we own a lot of XRP. But it’s a little bit like saying, Exxon owns a lot of oil. That doesn’t make oil a security.”

The only real reason why Ripple keeps doing this, is that it does not want its tokens to be labeled as securities. This would put its business at risk, so it has to maintain an image that the network is decentralized and that there is a real difference between Ripple and XRP, especially when the difference is very thin.

“}” data-sheets-userformat=”{“2″:13057,”3”:{“1″:0},”11″:3,”12″:0,”15″:”Open Sans”,”16″:11}”>Latest Ripple News and XRP Price Updates

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Author: Gabriel Machado