| Don't Miss The Top Five Stories From The Last Week
Bitcoin vs Altcoins: Which Cryptocurrency Is the Most Usable as Money?
What is the reason for this discussion?
The most mainstream economists believe that cryptocurrencies are "neither a serious method of payment nor a good way to store capital." However, while they complain that the volatility of crypto renders them unviable as actual currency, it is possible to use them as money in a wide variety of places and to spend them on everything from pizza to shoes.
Is Bitcoin the most usable as money?
Bitcoin remains the cryptocurrency most usable as actual money, but other coins are catching up. Read our analysis to get to know which cryptocurrency is the most usable as money.
TenX Co-Founder Still 'Quite Confident' Bitcoin Can Hit $60,000 This Year
What did Julian Hosp say?
"Back then, December, the price was at a $20,000 all-time high. I predicted for 2018, we're going to see $5,000 and $60,000. So $5,000, we've pretty much hit it, so let's see if we can do the $60,000. I'm still quite confident."
What is this based on?
Hosp believes the $60,000 mark could be a reality this year, assuming there is a "massive positive event" — for example, a Bitcoin exchange traded fund (ETF), or a country announcing something that is "very, very positive for Bitcoin." Read more here.
Malta: Binance Backs Plans to Create First Decentralized, Tokenized Bank
What happened?
The world's second largest crypto exchange, Binance, is backing plans to create a blockchain-based bank with tokenized ownership.
How this would work?
The future "Founders Bank" would be owned by digital token investors and be based in Malta. The owners of the future bank will be issued with "legally-binding equity tokens" in return for their investment, via the blockchain-based equity fundraising platform Neufund. Read more.
Coinbase Announces Five Possible New Assets, Makes No Guarantees For Trade Listing
What is this all about?
San Francisco-based cryptocurrency exchange Coinbase has announced that it is examining the addition of five new coins, including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX).
How did Coinbase comment on the process?
The exchange said that these assets require more detailed study and have not yet determined when or whether these coins will become available on the platform. Coinbase further states that "some of these assets may become available everywhere, while others may only be supported in specific jurisdictions." Details here.
New Study Says 80 Percent of ICOs Conducted in 2017 Were Scams What is this based on?
The research says that in 2017 "over 70 percent of ICO funding (by $ volume) to-date went to higher quality projects, although over 80 percent of projects (by # share) were identified as scams."
What do the numbers suggest?
While a large number of ICOs were scams, they received very little funding when compared with the industry as a whole. According to the study, total funding of coins and tokens in 2017 amounted to $11.9 billion. $1.34 billion (11 percent) of ICO funding went to scams, and the vast majority went to three large scammy projects. Read more here.
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