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Speculation Undermines Crypto Prices and Utility, Says Bank of England Senior Economist

Speculation creates congestion on the blockchain that harms a cryptocurrency's utility and overall value, a senior economist at the Bank of England (BoE) has said. Peter Zimmerman, who has been a senior economist at the U.K. central bank since 2007, argued in a working paper published Friday that speculation undermines

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XRP Utility Tops $100 Million Q4 & Bridge Token Discussed in Congress

After a record-breaking October, the XRP Ledger continues to grow in real-world usage and utility ending November with $100 million in ODL transactions. Although XRP price remains unaffected by the growing spike in utility growth, it shows the financial world it works, it is fast, secure and far, far cheaper. These transactions

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OKEx Secures Support From Four New Partners for Its Utility Token OKB

Malta-based cryptocurrency exchange OKEx has secured support from four new partners, including hardware crypto wallet Ledger, for its utility token OKB.OKEx announced the news in a press release shared with CryptoX on Nov. 22, detailing that it had partnered with Ledger, Vietnam-based over-the-counter exchange Aliniex, fiat-to-crypto exchange Bvnex, and

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‘Unleash the Utility!’ — XRP Users Petition Ripple to Sell More Tokens

Xrp community members have matured from earnest petitioning strategies to sarcastic ones, as they continue to express anger about the negative market consequences of Ripple dumping allegedly excessive quantities of XRP.A change.org petition launched at the end of August, entitled “Ripple Must Increase the “Dumping of XRP,” has attracted

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