Industry analysis

Weekly crypto news: Vitalik Buterin’s alleged separation from Ethereum, key issues from SWELL 2018 and much more

In this week’s column of weekly crypto news, we’ll take a look at some key events and developments in the past week. From rumors about Vitalik Buterin’s separation from Ethereum to some key issues that emerged at the Ripple SWELL 2018. This piece covers the good, the bad and the ugly.

Reports from SWELL event reveal how close we are to cryptocurrency mass adoption

Reports from the event revealed that the global financial industry is preparing to incorporate digital assets into daily economic transactions. Additionally, the Chief Market Strategist Cory Johnson stated that:

“What we’re really seeing is we are right on the cusp of massive adoption based on our survey results. We talk to people who are making a decision about what they plan to do, who are really actively looking at this technology. And the mass adoption that will take place-we’re on the cusp of that right now.”

Rumors about Vitalik Buterin’s separation

Through his twitter handle, Vitalik Buterin, the co-founder of the world’s second largest cryptocurrency replied to the question whether he has plans to detach from the platform. Vitalik stated:

“Already in progress, watch the repos, even much of the research is being done by @dannyryan, @icebearhww and others.”

Moreover, Vitalik added that the team and platform can manage on their own without him.

How to keep you crypto assets safe from hackers

In a span of 12 months, about $1.1 billion worth of cryptocurrency has already been lost to hackers. Below are ways to keep your assets.

First, invest in a physical crypto wallet-a hardware device similar to a USB pen-drive. These wallets are password protected and come with a private key that only you should know. Also, you can opt for an online wallet from a reputable source.

From today’s piece of weekly crypto news, what impact do you think Vitalik’s exit from the platform will have on the coin’s performance?

Share your views in the comments section below

coinmag

Having contributed to many leading financial blogs, Ken's love for cryptocurrencies and the blockchain technology has him on high alert on all price developments within the cryptocurrency sphere.

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