| Don't Miss The Top Five Stories From The Last Week 'You Can't Ban Blockchain. It's Math': a Talk With Jimmy Wales What happened?
When speaking in Berlin, the event headliner Jimmy Wales, co-founder of Wikipedia, announced his new project — WikiTribune, which Jimmy described as "all about bringing high-quality neutral journalism to the world."
What does Jimmy Wales think about blockchain and the crypto industry?
"You'll occasionally hear a politician saying, 'We need to ban cryptography,' but that's stupid and crazy and you're never going to do it with math. You can't ban math. You can't ban blockchain. It's math." Read the full interview here.
Google Trends: Bitcoin in Its Dark Hours Still More Popular Than Beyonce What is this all about?
Google searches for Bitcoin have reportedly declined 75 percent through 2018, yet the leading cryptocurrency is still outstripping the famous pop star Beyonce on Google Trends.
What is this based on?
Bitcoin analyst Brian Kelly more broadly weighed in on June's undeniably bearish crypto markets, highlighting some key levels to watch in Bitcoin's short-term price performance. Find more details here.
US: Coinbase Index Fund Opens for Investments Between $250k and $20 Million What happened?
U.S.-based crypto wallet and exchange Coinbase's Index Fund, whose creation was announced in March, is available only to U.S. residents who are accredited investors – those who have a net worth of more than $1 million or an annual salary of more than $200,000 and who invest between $250,000 and $20 million.
What is this for?
The index includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), as well as Ethereum Classic (ETC), whose addition to Coinbase was announced on June 11. Coinbase's blog post notes that the fund will be rebalanced to include any future assets listed on Coinbase. Read more here.
Ripple CEO Claims Bitcoin Is Under Control of Small Group of Miners From China What is this all about?
In a recent interview with Stifel Tech Analyst Lee Simpson, Ripple CEO Brad Garlinghouse delved into a number of topics related to blockchain technology and the crypto world, and claimed that BTC is under the control of China, arguing that "there are four miners in China that control over 50 percent of Bitcoin."
What else did the Ripple CEO say?
Garlinghouse also shared his opinion about BTC's and XRP's underlying blockchain technology, arguing that it "will not disrupt banks," though "it will play an important role in the way our system works," however "it's a short-sighted view." More details here.
What Is Going On With the Crypto Markets, Experts Share Opinions What happened?
This week has not been too bright for the price of Bitcoin and other major cryptocurrencies, as the markets turned red. The price of Bitcoin started falling from around $7,600 to a low of just over $6,500, as of press time.
What do experts say about it?
Naeem Aslam, Emin Gün Sirer, Tom Lee, Miguel Palencia, and Alistair Milne all discuss their thoughts as to why the market is falling. To know what they said, read our article.
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