Tag Archives: is

Ripple (XRP) Draw-downs, is CoinBase a Systemic Risk?

We can draw many lessons from the GFC of 2008-09. Before everything crumbled, the so-called global banks, too big to fail, lent out money to unqualified borrowers and because they couldn’t pay back their monthly obligation, the house of cards fell, pushing the global economy into a recession. Six weeks later, we had the Bitcoin whitepaper, and it has been a roller-coaster ever since. Continue reading Ripple (XRP) Draw-downs, is CoinBase a Systemic Risk?

Is Litecoin (LTC) Up, Adds $2.7 Billion in 18 Hours

CoinBase, the US exchange valued at over $8 billion is unique because it is hacker—proof—no recorded breach since launch. They assure clients that their priority is security “for Your Peace of Mind.” To that end, the team tasked with storing user assets has “98 percent of customer funds in cold wallets.” Additionally, CoinBase “distribute Bitcoin drives and paper backups geographically in safe deposit boxes and vaults around the world.” Continue reading Is Litecoin (LTC) Up, Adds $2.7 Billion in 18 Hours