This won’t come as a surprise to anyone following Bitcoin’s wild swings, but volatility and virtual currencies go hand in hand.
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Market Vision - 4 days ago
The index, which has 28 blockchain projects with their corresponding cryptocurrencies, will be updated monthly. The sector currently has more than 1,500 cryptocurrencies, with total market capitalization of nearly $380 billion, according to digital currency tracker coinmarketcap.com. Bitcoin, the largest of the digital currencies, last traded at $8,153.39 BTC=BTSP on the BitStamp platform. Ethereum was down 1.4 percent at $689.62.
Ethereum is top public blockchain, bitcoin No. 13 in China's new index
Ethereum is the top public blockchain in the cryptocurrency space, while that of bitcoin, the original virtual currency, is ranked 13th, according to the Chinese government's first monthly Global Public Chain Assessment Index released on Thursday.
Market Vision - 4 days ago
But why is blockchain a $4 quadrillion opportunity? (That's $4,000,000,000,000,000, fully written out, by the way.) "We're seeing an evolution of capital markets," Pulver told me after the session. "Blockchain is enabling a new type of asset classes ... for the first time we can create programmable securities for traditional public companies as well as private companies."
Blockchain Is Over-Hyped ... And A $4 Quadrillion Opportunity: Vonage Founder Jeff Pulver
No, Pulver is not insane. And yes, he can reconcile those two statements.
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