Centralized Cryptocurrency

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Majority of Crypto Assets Are Highly Centralized, Research Finds

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One of the central pillars of Bitcoin and cryptocurrency in general is that the system is decentralized, ensuring no single point of failure for adversaries to attack. However, new research has found the majority of assets in the ecosystem today to be highly centralized. Also Read: Crypto Hedge Fund Launches Retail Public Offering in Japan … Read more

Bank of Japan Turns Back on State-Issued Cryptocurrency

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The Bank of Japan has become the latest government financial institution to recognize the risks of state-issued cryptocurrencies. According to its Deputy Governor Masayoshi Amamiya, a national digital coin may jeopardize the traditional financial system established in developed countries. The Japanese central bank has no plans to issue its own crypto, he said. Also read: … Read more