Comparing Digital Currencies? Market Cap Doesn’t Tell the Whole Story
To track the progress and value of a digital currency, most people go to a website like CoinMarketCap or CoinCap.io to see the different tokens ranked by their current market capitalization. A digital currency’s market cap is the total supply of coins multiplied by the token’s current market price. While nothing else really comes close to bitcoin, there....
Related News
A reading of Nic Carter’s latest essay for CoinDesk on the inappropriateness of comparing the energy consumption of bitcoin and Visa transactions.
A group of researchers from SWIFT institute have published a paper on the influence of Bitcoin and other digital currencies on fiat ecosystem. Is Bitcoin a threat to the traditional monetary system and financial institutions? A group of SWIFT Institute researchers refuse to believe so. A working paper titled “Virtual Currencies: Media of exchange or speculative asset?” published by Dirk G Baur, Kihoon Hong and Adrian D Lee analyzes the dynamic relationship between both the currencies. In the report, they present a theoretical model used to gauge the potential impact of Bitcoin and other....
Simply an idea or a story in itself can go a long way for people. Just look at this story about an invisible sculpture being sold for $18,000. The work, titled Io Sono or “I Am,”, by the Italian Salvatore Garau, doesn’t exist… except in the artist’s imagination. This is the case for most NFTs […]
The CEO of Mastercard believes Bitcoin is too volatile and opaque to drive financial inclusion, however, CBDCs are a different story. Bitcoin cannot function as an inclusive currency for the unbanked due to its volatility, Mastercard CEO Ajay Banga said during Tuesday’s Fortune Global Forum conference. He also cited a lack of knowledge about who is behind the cryptocurrency as concerning.“I am not a believer in the volatility or, for that matter, the absence of transparency in who is the person who’s involved with that currency. So, that’s why central bank digital currencies, we’re....
Bitcoin meetup groups are a great way to get together with like-minded people and discuss anything digital currency-related. Not only will you form a circle of new friends, but you will also be treated to a few presentations now and then. For those among us who like a few statistics, let’s take a look at some of the more recent changes and shifts in the Bitcoin meetup “power rankings.” The most popular Bitcoin meetup groups are to be found in traditional places. Major cities always tend to draw a bigger crowd, but that doesn’t mean that smaller communities are left in the cold either.....