Crypto.iq Daily Radio Show May 16: Bitcoin (BTC) Transaction Fees Surge as Mempool Swells, Coinbase Data Indicates Institutional Investors Are Entering the Crypto Space, Bitcoin Cash (BCH) Experienced a Chain Split Yesterday Due to Faulty Hard Fork, Stellar’s (XLM) Network Stops Working for Two Hours Yesterday, 376 Whales Hold 30% of All Ethereum (ETH) and 500 Whales Hold 20% of All Bitcoin (BTC)

May 16, 2019 / by Zachary Mashiach

Listen To The May 16 Crypto.IQ Daily Radio Show

On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Altcoins surged 10-20% last night and Bitcoin (BTC) simultaneously hit a new 2019 high of $8,365. The crypto market pulled back a bit with Bitcoin (BTC) dropping to $7,800, but now, Bitcoin (BTC) has climbed back to $8,000. Coinbase now has $1 billion in their cryptocurrency custodian service for institutional investors, with $150 million invested per month on average, and this is an indication that institutional investors are moving into the crypto space. Hear about how Bitcoin Cash (BCH) accidentally had a chain split yesterday during a hard fork, and how Stellar’s (XLM) network stopped working for two hours yesterday due to a series of errors. We discuss how the mempool has swelled to 40-50 MB, the highest levels of 2019, and Bitcoin (BTC) transaction fees are near $4. The Lightning Network needs to increase its capacity in order to solve this scalability problem. We also discuss how ransomware solutions firms often pay the hackers a ransom instead of actually getting rid of the ransomware themselves, and they charge customers even more than the ransom they paid. Learn about how 376 whales hold 30% of all Ethereum (ETH) and 500 whales hold 20% of all Bitcoin (BTC). This is still fairly decentralized, however.

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