Ripple is the latest digital coin to see massive investment volumes in a few short hours.
In the last 24 hours, Ripple digital exchange rose 89 percent. Ripple CEO Brad Garlinghouse says that the gold rush could be due to people’s fear of missing out, but considers that Ripple’s investment volumes are changing as people understand the difference between Bitcoin and Ripple. He says that a digital currency can stand the test of time based on “the utility it drives.”
“Bitcoin is not going to be used for a payment tool,” he said, noting that Bitcoin’s transaction clearance takes about 12 hours. Meanwhile, he says that Ripple is meant to solve cross-border transactions, so it’s fast and very “efficient.”
Bitcoin is still the number one cryptocurrency, according to industry source coinmarketcap.com. Ripple comes in at number three, with a market capitalization of about $30 billion, while Bitcoin’s market cap valuation is about $300 billion.
Legally, none of the digital currencies are regulated. The SEC has warned that it can’t offer foreign protection, because the currencies extend beyond the U.S. borders. Furthermore, the agency still has no regulations in place for crypto. Still, the CBOE started trading futures in December.
For full interview [click here](https://cheddar.com/videos/the-crypto-craze-december-15-2017).
Emera CEO Scott Balfour discusses soaring energy demand, AI-driven grid challenges, clean-power investments, and how the company is building a resilient future.
JB Mackenzie discusses Robinhood’s new entertainment prediction markets, letting users engage with pop culture, award shows, and more through low-stakes bets.
Rhett Power shares his startup journey, lessons from his early years and insights from his book on overcoming negative self-talk to lead with confidence.
Despite inflation, Americans aren’t giving up the gym. Crunch Fitness CEO Jim Rowley discusses strong growth, value-driven expansion and what the future holds.
Home prices far outpacing incomes, low inventory, and higher living costs are reshaping the market. WSJ’s Veronica Dagher breaks down the challenges ahead.
As commercial options tighten, more travelers are turning to private aviation. Wheels Up CEO George Mattson breaks down capacity and demand challenges.
Layoffs, hiring slowdowns, and shifting skill demands dominate this year’s job talk. LinkedIn’s Kory Kantenga explains what workers should watch for next.
