Liquidity is a measure of a cryptocurrency’s spending power. Essentially, the more liquidity it is, the easier an altcoin will be to spend.
Bank of New York Mellon is making money. In particular, BK Mellon reported a quarterly gross profit of $4.788 billion on 31 December 2019.
In contrast Gnosis’s business plan is to enable anyone to create decentralized prediction market platforms. Gnosis’s hope is that users could make money by building customized forecasting applications.
Consequently, volatility affects all cryptocurrencies. However, you can make a cryptocurrency less volatile.
“SyncFab is pleased to be working with MOBI. Development and application of Blockchain solutions specific to the challenges faced by the Automotive Manufacturing Supply Chain is a vast space requiring genuine industry focus and expertise for which we are excited for the opportunity forSyncFab and MOBI to collaborate in advancing the future of Blockchain in the Automotive Industry,” said Jeremy Goodwin, CEO of SyncFab.
I think the adoption of stablecoins; such as Tether, by major banks could destroy Ripple’s value. Conversely, a Ripple stablecoin could increase Ripple’s value.
The most popular stablecoin; Tether, was the most traded cryptocurrency and the fifth most valuable altcoin on 10 January 2019.
Thus, you can describe Tether as a contract to buy or trade one US dollar rather than an actual currency. Bitcoin, in contrast, functions as a real currency. In fact, all of Bitcoin’s value is in BTC itself. Tether’s value rests in the US Dollar.
Koffman theorizes that the PBOC will use the DCEP as an economic weapon to make the Renminbi; or the Yuan, the world’s dominant currency. To explain, the hope is that people all over the globe will use the DCEP to pay for everything online or in social media.
Impressively, Morpheus claims to have over 100 integrations built into its blockchain. Those integrations include interfaces with major corporations and popular software. For instance, there are integrations with SWIFT, FedEx (NYSE: FDX), UPS (NYSE: UPS), Ripple (XRP), Oracle (NYSE: ORC) Microsoft Dynamics, AccessPay, Salesforce (NYSE: CRM), DHL, and China Post.
Power Ledger offers Ethereum blockchain software that could facilitate renewable energy trading across three markets. Those markets are Energy Trading, Environmental Commodities Trading, and Renewable Asset Ownership.
I think Status and Brave are attempts to use blockchain to harvest the 21st Century world’s most valuable commodity: data.