Today we have a Daily Token Review and three really awesome cryptocurrency news segments to share with you. When it comes to today’s news, first up we have Ripple, a San Francisco-based financial technology project that has now added Yoshitaka Kitao, the current president of SBI Holdings, Japanese financial services giant to its team, to function as a new board director. The firm says Yoshitaka will now replace the CEO of SBI Ripple Asia, Takashi Okita. Second up, it appears the prolonged cryptocurrency winter of 2018 is gradually coming to an end, as a new survey by deVere Group has revealed that a significant number of high-net-worth individuals are now gearing up to pump in funds into the cryptospace. Thirdly, while the entire crypto and blockchain technology community members are working tirelessly round the clock to unmask the real Satoshi Nakamoto, one man has revealed who the father of bitcoin and modern-day distributed ledger technology (DLT) is.
As seen on CoinMarketCap, the bears have the upper hand in the market. The world’s flagship cryptocurrency, bitcoin (BTC) has decreased by 1.79 percent. Ether (ETH) still maintains its “second in command” status, but it’s also losing by 1.08 percent. Ripple’s XRP maintains the number three position, and it has decreased by 1.81 percent. Now, if I scroll down to the top 20, we’re also having a sea of reds. What is interesting to see is after rising for a while, Cosmos is now decreasing by 6.46 percent.
Now, onto the news! According to a report by Coindesk, Ripple Labs, the United States-based financial technology (fintech) project behind XRP, the third largest cryptocurrency in the world, has announced the addition of Yoshitaka Kitao, the president, representative director and CEO of SBI Holdings of Japan, to its team as the new director of its board. With more than 40 years of experience in the global financial ecosystem, Kitao will be replacing Takashi Okita, the CEO of SBI Ripple Asia.
Kitao, who founded SBI Holdings in 1999, has also worked with several highly reputed financial institutions, including Softbank Corporation and Nomura Securities. Commenting on the latest structural change, Chris Larsen, Ripple co-founder and executive chairman of the company’s board of directors, noted that since about half of Ripple’s clients are located in the Asia-Pacific region, adding Kitao to the team is an excellent move, as it would enhance the firm’s expansion plans in Asia. “Mr. Kitao comes at a perfect time for Ripple as we look to deepen our customer base in Asia and beyond,” declared Ripple. Notably, the hiring of Kitao will help solidify the long-standing relationship between the two firms, as SBI Holdings has been using Ripple’s blockchain solutions for cross-border payments since 2016 and SBI Ripple Asia, the joint venture of both firms recently unveiled the MoneyTap payments solution which is powered by Ripple’s blockchain.
Now, onto the second news item for today! Per a report by Bitcoin News, a new survey conducted by deVere Group, a leading independent financial advisory organization, has revealed that more than two-thirds of people that have investable assets of more than $1 million have a liberal stance towards bitcoin and altcoins. Specifically, about 68 percent of respondents are already holding bitcoin and other cryptocurrencies or plan to do so by the end of 2022. Reportedly, the 700-plus respondents were picked from various crypto-friendly jurisdictions, including the U.S, the U.K, Australia, the UAE, Japan, Qatar, Switzerland, Mexico, Hong Kong, Spain, France, Germany, and South Africa.
Interestingly, Nigel Green, the CEO of deVere opined that at least five factors may be motivating high-net-worth individuals to buy and hodl digital assets and these five factors include the “growing universal acceptance that cryptocurrencies are the future of money.”
Green has also stated that the borderless nature of cryptoassets, coupled with their ability to provide solutions to cross-border remittances and more, make these nascent asset class very attractive to big whales.
With the price of bitcoin looking to hit the $6k price region again, Green has made it clear that investor confidence is gradually returning to the entire cryptocurrency market and more institutional investors are now getting set to pump in more funds into the ecosystem.
Now, onto the third news item of today! According to a report by Ambcrypto, Ryan Charles, the CEO of Money Button has declared that he firmly believes that Craig Wright’s claims of being the real Satoshi Nakamoto are valid, “based on the proofs available online and his interaction with Wright.”
“He has explained many things that no one had any explanation for. I’m very convinced that he (Wright) is Satoshi Nakamoto.”
For those who are unaware, Craig Wright has been a subject of criticisms in recent times, for his relentless claims of being the creator of Bitcoin (BTC), the digital asset that is fast revolutionizing the global financial system. Craig recently threatened to file a lawsuit against anyone who called him a fraud for saying he is the real Satoshi and the computer scientist has even taken legal action against Hodlonaut of the Bitcoin Lightning touch fame, mandating the latter to retract all statements labeling Wright a fraud.
It’s also worth noting that several heavyweights in the cryptospace see Wright as an enemy of decentralization and the cryptospace, with several exchanges including Binance, Kraken, and others already delisting Wright’s bitcoin cash SV (BSV) from their platforms.
So what are your thoughts on this situation? Do you think Ripple’s addition of Kitao to its team is a forward-thinking maneuver? What are your thoughts concerning the growing affinity for cryptos by high-net-worth individuals? And what are your thoughts about Charles Ryan’s support for Craig Wright?
Let me know what you guys think below. If you liked the content, please subscribe and watch our latest videos. It’s Cindy with CryptoPig, Catch you guys around!
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.