Bloomberg Says ‘Hottest’ Crypto Is Like the Rise of Bitcoin – Plus Ripple and XRP, Ethereum, Tron, Litecoin, Enjin

 

From Bloomberg’s take on Binance Coin to new adoption for XRP, here’s a look at some of the stories breaking in the world of crypto.

Binance Coin and Bitcoin

Bloomberg says the surge of Binance Coin (BNB) in 2019 echoes Bitcoin’s glory days. Binance Coin has rallied 152% this year, from $6.02 to $15.18 at time of publishing, according to CoinMarketCap. Managing partner at crypto hedge fund Multicoin Capital says Binance is at the top of its game.

“This is the best executing team in crypto. We expect to hold them for the foreseeable future.”

Bloomberg also asked Binance CEO Changpeng Zhao on whether BNB is a security, due to the fact that Binance spends some of its profits each quarter to buy back and burn coins.

“Personally, I don’t think it’s a security. I don’t think that there’s any regulation against destroying assets you have yourself. In the worst case, we can stop the burning process.”

Ripple and XRP

Ripple just listed Canada-based crypto exchange CoinField as one of the best places to buy XRP. CoinField is also teasing the launch of more XRP pairs on its platform.

Meanwhile, Coinbase added XRP to Coinbase Wallet a few weeks after adding the digital asset to its trading platforms.

Ethereum

Ethereum creator Vitalik Buterin says it’s harder to pitch use cases for blockchain and crypto that aren’t directly related to the world of finance.

Speaking at Token2049, Buterin told an audience that crypto’s first killer app will likely move money across borders, and that finance is realistically the first blockchain application that will achieve wide-scale adoption.

“The problem is that decentralization is basically their value add. With finance you’re competing with banks that take five days to do something interesting. With anything that’s not financial, chances are there is some internet thing that does what you want, that’s just centralized. So it’s a bit of a harder pitch.”

Litecoin

US-based grocery giant Kroger says it will explore adding Litecoin as a payment option to its stores. Kroger recently expanded its ban on Visa credit cards due to high fees, and is in talks with Morgan Creek Digital founder Anthony Pompliano about using Bitcoin via the Lightning Network.

Tron

Tron founder Justin Sun just gave a speech at Token2049 in Hong Kong. Sun talked about the platform’s upcoming privacy features, BitTorrent, DApp development and his $20-million airdrop to Tron-USDT users.

Enjin

The team at Enjin says it just hit a major milestone in its mission to bring crypto assets to video games.

The company has released its blockchain SDK Unity Asset Store enabling 4.5 million game developers who use the Unity engine to implement Enjin and tokenize in-game assets.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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