Thursday, March 30, 2023
MetaWeb3
Subscribe
  • Home
  • About Us
  • Listings
    • ICO List
    • IDO List
  • Web3 Events
    • Events List
    • Events by Month
    • Web3 Calendar
  • News
  • Blog
    • Blog
    • Press Release
  • Contact
    Home / News / Bitcoin ‘tribalism’ is holding the crypto industry back, Ripple CEO says
BTC/USD
  • BTC/USD
  • XRP/USD
  • BCH/USD
  • EOS/USD
  • LTC/USD
  • TRX/USD
  • ADA/USD
  • XLM/USD
  • IOT/USD
  • ABC/USD
  • NEO/USD
  • XMR/USD
  • DASH/USD
  • XEM/USD
  • QTUM/USD
  • BCN/USD
  • ICX/USD
  • ZEC/USD
  • LSK/USD
  • IOST/USD
Low
High
Marketcap
News
April 20, 2022 by admin
Share this:
  • Facebook
  • Twitter
  • Google Plus
  • Pinterest
  • Email to a Friend

Bitcoin ‘tribalism’ is holding the crypto industry back, Ripple CEO says

Ripple CEO Brad Garlinghouse

According to the CEO of blockchain firm Ripple, “tribalism” around bitcoin and other cryptocurrencies is dragging back the entire $2 trillion sector. In a CNBC-hosted fireside chat at the Paris Blockchain Week Summit last week, Ripple CEO Brad Garlinghouse said, “Polarization isn’t healthy in my opinion.”

“I own bitcoin, ether, and a few other cryptocurrencies.” “I am a firm believer that this industry will prosper in the future.” “All boats have the ability to lift,” Garlinghouse added.

Former Yahoo executive Garlinghouse compared today’s crypto business to the dotcom period of the late 1990s and early 2000s. According to CoinGecko data, there are currently tens of thousands of cryptocurrencies in circulation, valued a total of $2 trillion.

Some digital coins have developed a devoted following, most notably bitcoin, whose hardcore supporters are known as “maximalists.”

The so-called maximalists, who favor just bitcoin and not other cryptocurrencies, include Twitter co-founder Jack Dorsey and MicroStrategy CEO Michael Saylor.

According to Garlinghouse, the crypto industry’s maximalism has resulted in “fractured representation” when it comes to lobbying US lawmakers.

President Joe Biden signed an executive order last month directing the federal government to investigate the risks and benefits of cryptocurrencies.

“I find the absence of coordination within the crypto sector in Washington, D.C. to be alarming,” he remarked.

Ripple is frequently associated with XRP, a cryptocurrency that the company employs for cross-border transactions.

The business controls the bulk of the 100 billion XRP tokens in circulation, which it releases from an escrow account on a regular basis to maintain price stability.

The Securities and Exchange Commission has accused Ripple of fraudulently selling more than $1 billion in XRP in an unregistered securities offering. XRP, according to the business, should be classified as a virtual currency rather than a securities.

cryptocurrencynews
Previous Post
Secret Service seizes more than $102 million in crypto assets
Next Post
How to Speak NFT: Your Go-To Guide for Deciphering Crypto Slang, From Allowlists to WAGMI

Related Posts

Top Crypto Exchanges
News
Top 10 Crypto Exchanges and Platforms for 2023
February 28, 2023 by admin
Tokenizing the Titanic
News
Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market
February 24, 2023 by admin
Hong Kong Crypto Trading
News
Crypto Hub in the Making: Hong Kong Pushes Forward with Plans for Retail Crypto Trading
February 23, 2023 by admin
ICO Calendar
May 16, 2018
CoinLion

Exchange & portfolio management

View All ICOs
Advertisement
Advertisement
Most Read
  • How To Bring Virtual Fashion Into The Mainstream
  • Poppy Playtime NFT and the controversy latest updates
  • Metaverse Summit: The first women-led Web3 conference to take place in Paris
  • What is Cryptocurrency, and how does it work?
  • Crypto Heirloom, Apex Legends - Ultimate Guide
Latest
Top Crypto Exchanges
News
Top 10 Crypto Exchanges and Platforms for 2023
28 February, 2023
Tokenizing the Titanic
News
Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market
24 February, 2023
Hong Kong Crypto Trading
News
Crypto Hub in the Making: Hong Kong Pushes Forward with Plans for Retail Crypto Trading
23 February, 2023
Categories
  • Blockchain
  • Blockchain Game
  • Crypto
  • dApp
  • DeFi
  • Metaverse
  • News
  • NFT
  • PR
Calendar
March 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Feb    
MetaWeb3
  • Write for Us
  • Terms & Conditions
  • Privacy Policy
  • Contact
  • Web3 Calendar
About

MetaWeb3.tech is an online media site that focuses on Fintech, digital assets, blockchain technology, Decentralized Finance (Defi), Decentralized Apps (DApps), Metaverse, Crypto Games and other related technologies, covering news, opinions, trends, and informative articles.

Contact Us

Categories
  • Blockchain
  • Blockchain Game
  • Crypto
  • dApp
  • DeFi
  • Metaverse
  • News
  • NFT
  • PR
Newsletter Subscription
Connect With Us
Copyright © 2019 MetaWeb3 Tech. All Rights Reserved.