Xapo president claims that 90% of cryptocurrencies will disappear

Ted Rogers, the president of Xapo – a Hong Kong-based company dealing with Bitcoin wallets – has claimed that a shocking portion of the cryptocurrencies currently listed will be wiped out.

Rogers believes that 90% of the tokens currently listed on CoinMarketCap are facing “extinction” if they are not the heavyweight cryptocurrency Bitcoin.

Rogers further stated that now, when the market is down, is a good time to invest in more Bitcoin before it starts peaking again.

In response, Erik Voorhees of Shapesift.io, a company which offers global trading in digital assets, suggested that perhaps the market movements have more to do with the “extinction”.

The idea of Bitcoin dominance – whereby Bitcoin holds more than 50% of the cryptocurrency market trading volume –  has been a topic that investors are not shy about. Tom Lee, CEO of Fundstrat, believes that Bitcoin dominance will make a huge improvement in the cryptocurrency space, saying that “Bitcoin is the best house in a tough neighborhood” and suggesting that investors should focus on the original cryptocurrency and ignore other altcoins.

At the time of writing, almost half of the 15 leading cryptocurrencies including Ripple, Cardano, IOTA, TRON, Dash, NEO, and NEM while Ethereum, Bitcoin Cash, Litecoin, and Monero have seen 80% or more dips.

Whether Bitcoin will naturally emerge as dominant over falling altcoins will be evident quickly within the market movers and we can only wait to see what will happen.

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Technical Analysis – Buy when there is blood in the streets

After a strong rally peaking at $8500 during the month of July, Bitcoin fell over 30% to a low of $6250 on Tuesday this week. As brutal as this sell-off was for Bitcoin, major altcoins were punished even more severely over the same period.

Approximate return from 24 Jul – 14 Aug for major Alts:

Bitcoin

Ethereum

Bitcoin Cash

XRP

Bitcoin’s relative resilience in this latest crypto market bloodbath has shown without a doubt that Bitcoin is still the boss! Whilst all major alts have broken below their previous low points for the year, the Bitcoin support level at $5825 has held firm. Furthermore, for the first time this year Bitcoin market dominance is back over 50% (i.e. the value of Bitcoin is greater than the value of all the altcoins combined).

Looking forward, it is critical that the support zone (orange area) between $6020 and $5750 holds. If there is a clean break of this level then it is likely that Bitcoin will suffer the same fate as the rest of the altcoins. There is a support trendline (blue line) which may offer some respite on the way down, but on the back up the recovery will likely be halted by the previous support zone (orange area) which will now act as resistance. This is the bearish scenario (red arrows).



Crypto Bloodbath – Buy When There Is blood In The Streets by tennant.graeme on TradingView.com

The bullish scenario (green arrows) would see the price hold above the support zone and form a reversal pattern of some kind. It is possible we may see an inverse head-and-shoulders forming as indicated on the chart. Should it develop further it could signal the beginning of some sort of recovery. I will be waiting for confirmation of either a break below support (bearish scenario) or a reversal pattern above support (bullish scenario) before placing any trades.

Whilst it is tempting to apply the adage “Buy when there is blood in the streets” and load up on Bitcoin and some unloved Alts, I feel it is prudent to wait until there is reason to believe that the bleeding has stopped before jumping back into the market.

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Where are 2015’s top cryptocurrencies by market cap today?

With cryptocurrency markets enduring an ongoing bloodbath in 2018, 2015 might seem like a distant memory – and a better one at that.

At a time when Bitcoin had only orbited $200 USD figures, the landscape of the wider cryptocurrency market was vastly different – with several players that might be considered obscure today taking pre-eminency then.

In this article, we’ll compare historical data from cryptocurrency price indices as recorded on January 4th of 2015 to today. It is important to note, however, that different prices may list differently according to different sources at the time.

Bitcoin

Position today: 1

In 2015, Bitcoin traded for $281.79 USD and bore a total market cap of $3,856,201,593 USD. At the time, Bitcoin held a circulating supply of 13,684,794 BTC.

Today, Bitcoin trades at $6,054.60 USD and bears a total market cap of $5,312,938,501 USD. With a circulating supply of 17,209,025 

The cryptocurrency itself has endured numerous scaling debates and a division that resulted in Bitcoin Cash, and is now in second-layer development as programmers continue to build the Lightning Network.

Ripple

Position today: 3

The second most valuable cryptocurrency in 2015, Ripple traded for $0.0211 USD and bore a total market cap of $656,661,649. At the time, XRP held a circulating supply of 30,978,075,200 XRP.

Fast forward three years, and Ripple trades at $0.263213 USD and bears a total market cap of $10,363,330,664 USD. With a circulating supply of 39,372,399,467 XRP

While Ripple has endured regulatory pressure, several banking institutions have partnered with the company to trial cross-border transfers.

Litecoin

Position today: 7

Formerly the third most valuable cryptocurrency in 2015, Litecoin traded for just $2.12 USD and bore a total market cap of $74,761,847. At the time, Litecoin held a circulating supply of 35,294,322 LTC.

Litecoin presently trades at $51.32 USD and bears a total market cap of $2,968,235,787 USD. With a circulating supply of 57,840,509

Litecoin has enjoyed great press over the years, with founder Charlie Lee most notably advocating that he would step aside from the project in coming years in the interests of ‘decentralization’.

PayCoin

Position today: not within the top 100 cryptocurrencies by market cap

How the mighty have fallen.

PayCoin, formerly the fourth most valuable cryptocurrency in 2015, has endured a difficult history. In 2015, PayCoin traded for just $3.20 USD and bore a total market cap of $39,464,544 USD. Paycoin held a circulating supply of 12,327,048 XPY.

Today, Paycoin trades at $0.015152 USD and bears a total market cap of $180,801 USD. The project now bears a lonely circulating supply of 11,932,159 XPY.

Paycoin ultimately derailed after Mississippi Power Company (MPC) sued GAW Miners (the hands behind PayCoin) for $350,000 USD for ‘failure to make payment for services provided.’

PayCoin was ultimately handed over to a ‘consortium of organizations’, where the PayCoin Foundation elaborated that “the fate of Paycoin is now in the hands of every person and organization that hold coins. With this newfound freedom, we want to exercise our rights to make Paycoin the people’s money and do what is necessary to help the coin thrive”.

Ultimately, that didn’t happen.

BitShares

Position today: 29

BitShares was the fifth most valuable cryptocurrency in 2015, and at the time traded for $0.014471 USD and bore a total market cap of $39,464,544 USD. BitShares held a circulating supply of 2,497,973,773 BTS.

Today, BitShares remains the 29th most valuable cryptocurrency by market cap, and trades at $$0.097384 USD with a total market cap of $258,122,142 USD . The project now has circulating supply of 2,650,550,000 BTS.

While BitShares offers financial services including exchange support and blockchain-based banking, the cryptocurrency has been overtaken by the likes of other tokens, such as Binance Coin.

MaidSafeCoin

Position today: 59

MaidSafeCoin was once the sixth valuable cryptocurrency, and in 2015 traded for $0.046897 USD. The project bore a total market cap of $21,223,340 USD, and held a circulating supply of 452,552,412 MAID.

Charting today at 59, MaidSafeCoin trades at $0.212688 USD with a total market cap of $96,252,597 USD. The project retains its circulating supply.

MaidSafeCoin serves as a token for token for Safecoin, a decentralized currency network. Ultimately, Safecoin will serve as the currency for the ‘SAFE network’, a ‘network made up of the extra hard disk space, processing power, and data connectivity of its users’.

While MaidSafeCoin has appreciate, time has not been especially kind to the cryptocurrency – earlier this year, Bittrex officially moved to delist the asset.

Nxt

Position today: 81

Despite a long drop from 7 to 81, Nxt is still in the game.

In 2015, Nxt traded for $0.017362 USD. The project bore a total market cap of $17,361,750 USD, and held a circulating supply of 999,997,096 NXT.

Today, NXT trades at $0.065251 USD with a total market cap of $65,185,738 USD, with a circulating supply of 998,999,942

A proof-of-stake cryptocurrency, NXT was launched by BCNet and serves as a ‘flexible platform around which to build applications and financial services’.

Dogecoin

Position today: 30

You can’t keep a good DOGE down. Back in 2015, Dogecoin was hot to trot – trading at prices of $0.000165 USD, with a market cap of $16,084,147 USD, and a circulating supply of 97,268,423,164 DOGE.

Today, DOGE trades at $0.002184 USD, has a market cap of $252,717,366 USD, and a circulating supply of 115,711,020,675

Not bad for a ‘joke’.

Dogecoin’s community has gone on to be one of the most lively spheres in crypto – funding the likes of the Jamaican bobsled team and more.

Stellar

Position today: 5

Stellar’s fortunes have improved over time. In 2015, Lumens traded at $0.004513 USD, with a market cap of $16,060,639 USD and a circulating supply of 3,558,618,775 XLM.

Today, those figures stand at $0.218107 USD, $16,060,639 USD, and 18,771,735,150

Stellar has racked up numerous achievements in the intervening years – gaining certification as Shari’a compliant, and even partnering with Facebook for a mystery project.

Peercoin

Position today: not within the top 100 cryptocurrencies by market cap

Once the tenth most valuable cryptocurrency, Peercoin traded for $0.503996 USD in 2015. The project, at the time, bore a total market cap of $$11,080,850 USD, and held a circulating supply of 21,985,977 PPC.

Presently, Peercoin trades for $1.04 USD, and bears a total market cap of $25,847,369 USD. The project enjoys a circulating supply of 24,908,466 PPC.

Peercoin continues to leverage both proof-of-stake and proof-of-work systems, and does not possess a hard cap.

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Two ex-SEC executives team up with Ripple in massive legal battle

Ripple will have two former Securities and Exchange Commission (SEC) officials on their side in the ongoing private lawsuit against the cryptocurrency.

The third biggest digital currency will be defended by Mary Jo White, the former chair of the SEC, as well as former Enforcement Chief Andrew Ceresney. The lawyers will be attempting to disclaim that the cryptocurrency is a security.

The charge was instigated by a previous Ripple investor, Ryan Coffey, who filed a class action lawsuit against the blockchain network in a claim that the company was breaching security laws.

The complaint filed by Coffey declares that there is a direct associated relationship between the Ripple the company and Ripple’s XRP claiming in the lawsuit that the “development of the XRP Ledger, and the profits that investors expected to derive therefrom, were, and are, based entirely on the technical, managerial, and entrepreneurial efforts of Defendants and other third parties employed by Defendants.”

Ripple’s director of regulatory relations Ryan Zagone, however, thinks otherwise and had previously argued with the UK parliamentary committee and had asserted that there is “not a direct connection between Ripple the company and XRP.”

Both parties differ in opinion and it is up to the court to decide. The court who may or may not be influenced by the two former SEC executives.

For now, Ripple’s XRP is up by 1.78% day-on-day, and presently trades at $0.68 USD.

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Ripple’s waves flow into academia with new $50 Million USD initiative

Ripple has announced the release of a new initiative which is donating $50 million USD towards university research.

The program, called the University Blockchain Research Initiative, has seen the Ripple network partner with seventeen prestigious universities in order to support international academic research, technical development, and exploration into blockchain innovation.

The program will have a focus on three key fields of research:

  • the innovation of blockchain technologies
  • business use cases and socio-economic risks of blockchain technology
  • and the regulatory and legal consequences of blockchain

Each of the universities will be able to choose which field on which to focus, with Ripple giving monetary support as well as subject matter knowledge and technical resources.

Eric van Miltenburg, the Senior Vice President of Ripple’s Global Operations, said:

“The University Blockchain Research Initiative is an acknowledgment of the vital importance of the unique role universities will play in advancing our understanding and application of cryptography and blockchain technology. It also speaks to the reality that university graduates will fuel a continually evolving and maturing financial marketplace and workforce”.

Heads at the universities are also very excited at the prospect. Dr. Paolo Tasca, the executive director at the University College London – one of the seventeen partnering universities – said that they are focused on groundbreaking research and are “delighted to have Ripple supporting our endeavours over the next four years.”

While we will attempt to keep you updated on any happenings regarding the initiative in the next four years, for now, we’re excited that blockchain is collaborating with education.

Ripple’s XRP is up by 1.54% day-on-day, and presently trades at $0.67 USD.

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Investor slaps Ripple with a lawsuit claiming XRP is ‘a security’

Ripple investor Ryan Coffey brought the matter whether Ripple is a security before the San Francisco County Superior Court on Thursday of this week. With San Diego’s James Taylor-Copeland as his attorney, Coffey is hoping to claim back from damages from Ripple, XRP II (which is Ripple’s registered and licensed money servicing business), Ripple’s CEO Brad Garlinghouse, and ten other unnamed contingents. The plaintiff is seeking remuneration for himself and is claiming the file to be “on behalf of all investors who purchased Ripple tokens (“XRP”) issued and sold by Defendants”.

Taylor-Copeland announced that the lawsuit would be filed on his personal Twitter account.

Earlier that week, Ripple’s director of regulatory relations Ryan Zagone had argued with the UK parliamentary committee and had asserted that there is “not a direct connection between Ripple the company and XRP.” The complaint filed by Coffey, however, declares otherwise and draws a direct relationship between the two claiming in the lawsuit that the “development of the XRP Ledger, and the profits that investors expected to derive therefrom, were, and are, based entirely on the technical, managerial, and entrepreneurial efforts of Defendants and other third parties employed by Defendants.”

Coffey claims that Ripple is a security – something which is classified when an agency involves an investment of money and carries a reasonable expectation of profits based on actions of a specifically identifiable group of people – and the lawsuit offers that the company fulfills all the requisitions to classify Ripple as a security.

According to U.S. federal law, it is vital for a company dealing in securities to register it as such with the Securities and Exchange Commission (SEC) – something which Ripple has not done.

Ripple’s head of corporate communications, Tom Channick, has said that although the company maintains that XRP is not a security, it is ultimately up to the SEC to decide the matter.

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Ripple backed into a defensive position at the UK Parliament hearing

Representatives of Ripple attended the UK Parliament Blockchain Hearing on Tuesday and they ultimately played in a position of defense for blockchain and cryptocurrency.

The Director of Regulatory Relations Ryan Zagone was defending Ripple while Dr. Grammateia Kotsialou, a researcher at King’s College London and Chris Taylor, CEO at Everledger, a blockchain startup which focuses on tracking assets, also were on the panel answering questions posed from the British Parliament’s Treasury Select Committee.

Zagone offered reasons to the panel of how Ripple’s project can enhance the transparency and efficiency of international cross-country payments, particularly between banking systems, warranting that it can produce cost savings of up to 60%. Zagone said that there are disadvantages of the current international payment system saying that one “can literally mail a box of cash and have better tracking and certainty that [one] could be sending a payment through a bank.”

Director for Banking and Finance at the Centre for Evidence-based Management Martin Walker responded by firing a question of Ripple’s use as a payment service between banks, pointing out the extreme volatility of cryptocurrency must be considered.

Zagone replied to this by explaining that Ripple “is exposed to banks for remittances which are only for 3 to 4 seconds reducing the risk of volatility exposure to low and manageable levels”. Having signed more than 120 financial institutions, Ripple is making waves in the system and is hoping that to sign more establishments within this year.

Walker argued that Ripple’s offered system will do no more than the SWIFT messaging system which is currently in place, saying “the hard thing about tracking payments is actually getting the people involved in the payments to actually upload the status” and that “having a blockchain doesn’t actually get people to update the status of where the payment is”.

Other members also poked into Ripple, voicing misunderstanding of how Ripple XRP relates to Ripple Labs. Member of Parliament Stewart Hosie questioned the purpose of the project, expressing that people who buy XRP are not entitled to a stake of ownership and therefore there is “no right to be converted back into conventional currencies, and it doesn’t pay any return”.

Zagone argued this saying that it’s a “common misperception” and continued to explain that “XRP is open source and it was not created by our company, so that existed as an open source technology. We created a company that was interested in modernizing payments and then began using that open-source tech to do so … But there’s not a direct connection between Ripple the company and XRP.”

Seemingly unwilling to accept Zagone’s comments, Walker concluded the hearing urging the members that they “do not repeat the mistakes that have been made over and again of getting blinded by the word innovation, particularly relating to financial products.

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The Blockchain Awakens: Imagining cryptocurrencies as Star Wars characters

When Star Wars (today retroactively titled A New Hope) first premiered in 1977, the emergence of what would become one of the most celebrated science fiction franchises of all time reignited not only a passion for fantasy, adventure, and mysticism, but further lead revolutions in both sound design, practical effects, and, more broadly speaking, the cultural adoption of film.

The paradigm shift Star Wars brought with it to cinema isn’t difficult to compare with the impact of cryptocurrencies on modern monetary systems. Cryptocurrencies and blockchain technology propose a shift in thinking that empowers a new generation of personal finance and peer-to-peer trade.

Like Star Wars, cryptocurrency hinges on an intersection where technology meets humanity, culture, and belief – and it’s not without a wry smile that we admit that like the story of a galaxy far, far away, the cryptocurrency world has brought with it its own slate of characters peppered with personas ranging from the heroic, the ominous, and at times, the plain silly.

Warning: If you haven’t watched the Star Wars saga, there may be some key spoilers in the content below.

Bitcoin: R2-D2

Though R2-D2 may be far from the most significant character in the Star Wars saga, everybody’s favorite trashcan-on-legs droid has witnessed the entirety of eight (and soon to be nine) feature films that comprise the core Star Wars story. There’s the argument to be made that Star Wars could be a story of R2-D2’s telling, given the plucky droid’s presence throughout the saga, his interaction with main characters, and his unwavering ability to save the day throughout many key moments in film.

Arriving on screen as the creation of an unknown creator, R2 succeeds in driving Star Wars’ plot forward – whether it be through acts as grand as saving starships or as simple as unlocking doors.

Bitcoin‘s emergence as the first decentralized, peer-to-peer money represents the genesis from which thousands of other cryptocurrencies have leaped forward – enabling a new belief in currency through reliance on cryptography, privacy, and technical soundness. Like R2-D2, had Bitcoin not existed, there may be no Star Wars story – or cryptocurrency ecosystem – to talk about.

Star Wars

Bitcoin Cash: C3-PO

R2-D2 needed a plucky companion with talents he didn’t possess, and George Lucas coupled the intrepid droid with C3-PO; the erstwhile protocol droid with talents in translation, functional modification, and incessant bickering with his partner.

Having been built by Anakin Skywalker, C3-PO serves the Star Wars saga as both a source of humor and context – extrapolating different dimensions to key plot scenes and bridging characters and audiences together.

That’s not to say we’re claiming that Roger Ver might be Anakin Skywalker in the world of cryptocurrency, but every hero needs a villain…

Bitcoin Cash, as the foremost hard fork to emerge from Bitcoin Core, is the scion of both love and scorn. Executing an alternate scaling path to the approach championed by Bitcoin Core, Bitcoin Cash brings with it inter-operability, several notable use cases, and a refreshing reminder that sometimes cryptocurrency developers just don’t have all the answers – something that C3-PO has proved especially good at in the Star Wars saga.

Ethereum: Darth Vader

Anakin Skywalker’s story in Star Wars is one that marks hope, a fall from grace, and eventual redemption as the Chosen One; a title which several cryptocurrency investors tout when referring to the Ethereum platform.

Like Anakin Skywalker (and his darker half, Darth Vader), the concept of Ethereum has enabled a wider revolution in blockchain platforms that could feasibly intersect with everyday life in many ways. Just as Anakin Skywalker was prophesized to defeat the Sith and bring balance to the Force, so to might Ethereum be the lynchpin that decentralizes applications and, more broadly, the web.

Though not explicitly a moral debate, the character’s transition from man to machine brings with it interesting parallels to Ethereum’s planned change from proof-of-work to proof-of-stake mechanics.

XRP: Emperor Palpatine

Courting foundations on Julius Caesar and other dictators, Star Wars’ Emperor Palpatine (in the prequels, Darth Sidious) represents one of film’s best-loved (and most-hated) machiavellian masterminds, whose scheme underpins both a galaxy-wide war and later a galaxy-wide despotic regime.

Ripple’s XRP is both loved and hated for similar reasons; rolling together the best and most applicable aspects of blockchain technology and the cryptocurrency ecosystem, yet meeting modern banking in a way that many cryptocurrency die-hards find abhorrent.

Palpatine’s ability to both play the likes of the Jedi, Republic, and later the Empire reflect just some of XRP’s utility and usability – where its speed and efficiency has rapidly found a home in several banking use-cases to the furor (and in some cases, admiration) of cryptocurrency enthusiasts.

EOS: Luke Skywalker

The principal hero of the original Star Wars trilogy, Luke Skywalker is the son of Anakin Skywalker (Darth Vader) – and the dynamic between the two is more than slightly reminiscent of that between Ethereum and EOS.

Similar in nature to Ethereum, EOS is a platform for decentralized applications that provides services like user authentication, server hosting, and cloud storage. 

If Star Wars’ original trilogy is the story of sons transcending their fathers, EOS’ relationship with Ethereum bears a close mirror – in perhaps the duo’s most remarkable difference, EOS already functions through proof-of-stake rather than through proof-of-work mechanics.

Like Luke Skywalker, EOS has quickly become a favorite among cryptocurrency investors – propelling the platform’s market cap to well over $15 billion USD.

Litecoin: Rey

Arriving on scene as a lovable scavenger with prodigious talents, Rey takes the role of the principal protagonist of the Star Wars sequel trilogy – rounding together Disney’s new take on the ethos of the original Star Wars trilogy and the technical vision of its prequels.

Litecoin launched and gained a loyal fanbase given its technical improvements over the Bitcoin Core network as well as its ability to maintain steadfast support and values despite tumultuous markets.

Rey’s quick ascension as the newest (and last?) Jedi closely mirrors Litecoin’s journey to becoming a fan-favourite cryptocurrency – with many touting the speed, efficiency, and integrity of ‘the silver to Bitcoin’s gold’ as leading reasons as to why the cryptocurrency may see many new adoption cases in the near future.

Dash: Princess Leia

The secret daughter of Anakin Skywalker and the adoptive daughter of royalty, Princess Leia continues to inspire a generation of strong female leads in cinema – a factor not dissimilar to Dash‘s debut in the cryptocurrency market space.

As a young senator and later leader of the Rebellion and Resistance, Leia counsels support from both the official, the vulnerable, and the brave at once – championing virtues of democracy and freedom.

Dash’s presence on the market – and its direction under the Dash Foundation – has seen the digital currency integrated as a solution for traders and investors alike in emerging markets under the direction of authoritative governments, such as Zimbabwe.

Dash’s employ of its Private Send feature carves a similar profile to the early double-life led by Leia as both a senator and leader of the Rebellion, while its use of masternodes derives strong support form its community in a manner not dissimilar to Leia’s command of the Resistance in The Force Awakens and The Last Jedi.

NEO: Kylo Ren

If Ethereum were Darth Vader, it’d make sense that NEO took on the role of Kylo Ren – a fellow practitioner of the dark arts, aiming to emulate its forbear, all the while under the direction of a secretive and authoritative government.

Like Kylo Ren, NEO is a newer figure that has managed to quickly develop a dedicated following. The blockchain platform, like Ethereum, serves to create a scalable network of decentralized applications, and as per Ethereum’s aspirations functions through proof-of-stake mechanics.

Though NEO might well lack Kylo Ren’s ferocity and volatile temper, the cryptocurrency has succeeded in quickly garnering acclaim as a favorable avenue for investors in a fashion that quietly resembles Kylo Ren’s reception with the Star Wars fanbase.

Zcash: Boba Fett

The last word in icy coolness, Boba Fett inspired a generation of Star Wars fans following his debut in The Empire Strikes Back. Despite facing a quick end at the hands (or tentacles?) of the Sarlacc Pit in Return of the Jedi, the character went on to meet an expanded telling in the saga’s prequel trilogy.

While Zcash may not be headed for a similar pit any time soon, the appeal of the privacy-focused cryptocurrency has echoed much of Boba Fett’s initial appeal – anonymity and mystery.

Leveraging zero-knowledge proofs to anonymize the relationship between providers, verifiers, as well as transacting parties, Zcash has quickly risen to prominence as one of the foremost privacy coins on the market – tussling with the likes of Monero.

The comparisons between Zcash and its bounty hunter likeness only increase when one considers the that the legions of forks that have arisen from the cryptocurrency aren’t too dissimilar from the pool of clones Boba Fett emerged from in the first instance.

Dogecoin: Jar Jar Binks

Alright, we couldn’t resist.

Dogecoin is, at times, the marveling factor and laughing stock of the cryptocurrency community – an erstwhile ‘joke’ coin that has somehow succeeded in developing a market cap worth more than half a billion US Dollars.

Jar Jar Binks, praised and reviled as The Phantom Menace‘s worst introduction, has similarly gone on to carve out an abrasive profile amongst Star Wars fans.

Met with skepticism and revulsion upon the release of the first of the Star Wars prequels, Binks has gone on to become the center of mystery – with several fans wondering if the character was not intended for a wider role than the non-stop barrage of infantile jokes that informed The Phantom Menace.

Dogecoin, similarly, has gone on to find an awkward place at the heart of the cryptocurrency community – with several ICOs moving to accept the digital currency as tender for the release of future tokens.

Star Wars, its characters, trademarks and licenses are the property of Lucasfilm and The Walt Disney Company.

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