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

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.