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 “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.
— CoinField (@coinfieldEX) March 14, 2019
Meanwhile, Coinbase added XRP to Coinbase Wallet a few weeks after adding the digital asset to its trading platforms.
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.