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Bitcoin Eases Cross-Border Transactions for Palestinians in Gaza

Bitcoin is currently serving an important role in Gaza to help investors gain access to markets abroad and send money overseas.

Currently, Palestinians are unable to get their Israeli shekels or other currencies used in the area, such US dollars or Jordanian dinars, to online exchanges as they don’t work with local banks. This has given rise to many unofficial exchanges around the city.

The territories of Gaza and the West Bank are separated from each other by Israeli territory. Both fell under the jurisdiction of the Palestinian Authority but Gaza has since June 2007 been governed by Hamas, a Palestinian Islamic organization which came to power in free elections in 2006. It has been placed under an Israeli and US-led international economic and political boycott from that time onwards.

There are reportedly now 20 unaccredited exchanges helping local cryptocurrency users to get their money abroad to make investments that otherwise they would have no chance of making in the region. In Gaza, Mohammed runs his own unofficial crypto exchange and suggests that over the course of four years, he’s enabled up to 50 Palestinian families to buy an average of USD 500 worth of Bitcoin a month to use abroad or shop online. He maintains that his clients view Bitcoin as “cheaper, safer, and quicker”, maintaining that “nothing works with Palestinian banks” and that “Bitcoin wallets are alternative banks”.

Palestinians have adopted peer-to-peer payments are seen as another way of getting around local restrictions. Palestinians are under enormous pressure in Gaza and, due to Israel’s world status, international pressure often means that those sending money from the West have been known to have their accounts closed.

Laith Kassis, CEO of Techno Park on the West Bank, illustrated the problem for many wishing to get money overseas: “There is no payment gateway, like PayPal, for entrepreneurs to receive payments internationally… So here come solutions on blockchain with private nodes.”

The lack of power is another local issue that Palestinians struggle with as frequent outages equates to no access to the internet, making any kind of transfer of funds next to impossible.

However, Bitcoin enthusiast and professor of economics at the Lebanese American University, Saifdean Ammous doesn’t see Bitcoin or crypto in general as a solution to the failing Palestinian economy. He argues:

“If the people who want to do the transaction don’t both have balances in Bitcoin then you’re just adding extra layers of conversion from their home currency to Bitcoin and back to the home currency… That’s never going to be a sustainable solution.”

The World Bank estimates that 20% of Palestinians live below the poverty line of less than USD 5.50 a day. In this volatile highly-controlled environment, cash is the most highly sought-after payment for day-to-day necessities.

 

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Coinbase Goes on Wall Street Hiring Spree as Part of Global Expansion

Coinbase has cut the ribbon for its new New York office with plans to expand the staff profile to 150 employees over the next 12 months.

As part of the company’s expansion plans, the current staff of 20 have been acquired from the New York Stock Exchange, Barclays, and Citigroup, which indicates the level of seriousness on its part in infiltrating the banking system. Adam White, general manager of Coinbase Institutional, explained the staffing direction the exchange was embarking on:

“We have to create a bridge between financial services and technology,” he added, “In order to do that, we need to pull from some of the best and brightest minds that have worked their whole careers in other kinds of traditional financial firms.”

With an expansion into the Irish Republic and now NYC, crypto exchange giant Coinbase is clearly on a push to amplify its influence around the globe. In its push to raise its corporate and institutional investor client base, the office is following the NYSE with its new staffing profile. According to Christine Sandler, the company’s head of institutional sales, its focus on institutional investors should sit comfortably with its retail investment trade. She commented:

“We want to partner with appropriate institutions to help the whole ecosystem grow.” She further said, “It’s not ‘institutional or retail,’ because a lot of these institutions will be distributors.”

White argues that they had expected an exodus of institutional investors when the market corrected but claims, “It was exactly the opposite.” White sees Coinbase as having the capability to “light up more countries and more fiat rails” with a new office in Tokyo planned and a move into South America. White further said: “we’re committed to not being a U.S. company.”

Coinbase has also joined a new Washington-based lobby group called the Blockchain Association who intend to convince governmental bodies to give the crypto space some well-needed regulatory leeway in a bid to foster innovation.

Along with Coinbase other leaders in the sector include Circle, Protocol Labs, and other crypto investment firms, like Polychain Capital and Digital Currency Group,

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Bitcoin Whale Watch: USD 380 Million Leaves #1 Bitcoin Wallet In Only 4 Days

Bitcoin whale watch is in full effect since 58,550 bitcoins worth approximately USD 380 million left the biggest Bitcoin wallet in only 4 days. The wallet in question is the Bitfinex cold storage wallet, and based on the blockchain records, this sort of outflow in such a brief amount of time is highly unusual. Remarkably, despite the huge amount of Bitcoin sent out of the wallet, it is still the #1 Bitcoin wallet with 170,500 Bitcoins worth approximately USD 1.11 billion.

There are speculations among the Bitcoin whale watchers that such large movements of Bitcoin could precede a dump. That is possible if this Bitcoin is going from Bitfinex’s cold storage to a hot wallet in preparation for a dump. However, according to data on Bitcoinwisdom, there is no indication of such a large amount of bitcoins being dumped on Bitfinex. This large outflow of Bitcoin from the cold wallet was completed on the 13th of September 2018; it’s been 3 days since then (as at the time of this writing).

In a more optimistic scenario, perhaps someone has decided to hodl this USD 380 million of Bitcoin in anticipation of a rally in the long-term and has moved the bitcoins from the exchange to their personal wallet. Another possible scenario is that this just represents Bitfinex moving coins around for unknown management reasons, perhaps making their hot wallets more liquid, or in preparation of a business deal.

The reality, however, is that no one knows for sure what is going on, and it isn’t worth speculating since there are so many possibilities. Even if this was the worst case scenario and these bitcoins are meant to be dumped, it wouldn’t affect the market much because every single day there are several billion in USD of Bitcoin trading volume on spot exchanges worldwide.

One remarkable aspect of this USD 380 million worth of Bitcoin outflow from the Bitfinex cold wallet is that they only paid USD 120 as fees, or 0.00000315% and the fees paid were much higher than they had to be, probably for security reasons. No fiat payment method in the world offers low fees comparable to Bitcoin. Fees for sending USD 380 million via banks could easily cost more than USD 1 million.

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Binance CEO Predicts 1,000 Times Swell in Crypto Market

As the crypto community discussed the future of the market this week, Binance CEO Changpeng Zhao has disagreed with recent remarks by Vitalik Buterin, suggesting that the Ethereum founder’s comments about a squeeze on cryptocurrency growth are completely wrong.

Buterin has denied that he made exactly those comments, Tweeting, “I never said that there is no room for growth in the crypto ecosystem. I said there is no room for 1000x price increases.” Buterin has claimed that the crypto market has practically reached its ceiling.

Further explaining that a thousand-fold growth would equal to 70% of the world’s entire wealth seems to have done little to halt Zhao’s charge that cryptocurrencies will go mainstream over time, and thereby reach exactly that level of growth and possibly more.

Zhao maintains that Buterin’s mistake is to view such a huge level of growth in terms of the traditional financial market, in which such a market expansion would be totally unrealistic. He feels that cryptocurrency is capable of making such an impact once it becomes fully operational with an accompanying derivatives market in full sway. He argues:

“I will say ‘crypto will absolutely grow 1000x and more’! Just reaching USD market cap will give it close to 1000x, (that’s just one currency with severely restricted use case), and the derivatives market is so much bigger.”

It is the case now that more central banks are on board with, or if not, certainly examining, cryptocurrencies with more than just a passing glance, and as such, the industry is gaining respect. Blockchain technology is now becoming influential in banking and business at the highest level, having gained respect from some of the world’s major players such as IBM and Microsoft. As central banks begin to delve deeper into the space, it is highly likely that smaller banks will also begin to take an active interest.

The more positive the impact that cryptocurrency makes on the financial system, the more that regulation is likely become not only clearer but more accommodating as crypto becomes the normal way to conduct business.

This is more likely to be the scenario that Binance’s head envisages in making such predictions; thinking of the big picture rather than the status quo. A USD 200 trillion market would make cryptocurrency the main source of payment and would certainly make stock markets around the world look very different. Clearly, a scenario that Zhao sees as achievable.

 

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Crypto Gains Valuable Voice in Washington with New Lobby Group

A new lobby group has been formed in Washington DC with the express purpose of representing crypto entrepreneurs and investors.

The group, the Blockchain Association, helps to put some further impetus behind the industry in the way it is represented to legislators and lawmakers in the nation’s capital.

Comprised of leaders in the sector, currently made up from  Circle, Coinbase, Protocol Labs and other crypto investment firms, like Polychain Capital and Digital Currency Group, the new lobby group has become the first of its kind, specifically aimed at improving conditions within the cryptocurrency space in the US.

Based in Washington, the group intends to assist crypto and blockchain companies through the law as it relates to the industry, and work with legislators on issues such as tax-law, KYC and AML policy. For industry players, many will be encouraged that the industry now has a voice in the capital, particularly those who welcome prudent voices in the push for regulation.

Detractors of cryptocurrency’s growing corporatization and privatization, however, won’t be convinced even if Coinbase’s chief legal and risk officer Mike Lempres, assured that they weren’t “looking to game the system”.

Recently, Coinbase established its own political action committee (PAC) for the crypto industry, becoming the first of its kind to do so. The role of PACs in the US is that of a fundraiser for candidates running for public office. At the US federal level, an organization becomes a PAC when it receives or spends more than USD 1,000 for the purpose of influencing a federal election and registers with the Federal Election Commission, according to the Federal Election Campaign Act.

Coin Center’s executive director Jerry Brito agreed with Lempres, claiming that it gives their company another outlet for responding to difficult issues:

“We’re happy to see this organization stand up. It’s good to have more voices advocating for things we agree about. But probably more importantly for us, a lot of folks project ‘trade association’ onto Coin Center, and we’re decidedly not that. When we get questions about the industry, we can send them to these folks.”

 

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OKCoin USA Expands from California to 20 More States

OKCoin USA, the United States affiliate of OKCoin, has expanded to 20 other states after previously only being available in California since launching in July 2018. In California alone, OKCoin USA was generating USD 700,000 of trading volume per day, about BTC 1,000, and now those volume numbers should climb since OKCoin USA will be available to potentially millions of other Americans.

OKCoin USA will now be available in Alaska, Arizona, California, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah, and Wisconsin. This represents a massive expansion, but there is a long way to go until OKCoin USA is available for the entire country.

Coinbase continues to be the largest crypto exchange headquartered in the United States, with Coinbase Pro generating over USD 100 million of volume per day, and this doesn’t include all of its volume. However, Coinbase had practically no competition for years, and OKCoin USA is one of its biggest so far.

There is potential for OKCoin USA to grow to the size of Coinbase or exceed it, especially considering that OKCoin was one of the biggest crypto exchanges globally before it was forced to shut down in China following the Chinese yuan (CNY) to crypto trading ban in 2017. OKCoin is now coming back to life though, instead of being headquartered in China it is proliferating internationally. Additionally, OKEx is one of the top crypto exchanges in the world with volume often in the USD 0.5-1 billion range per day, and is closely related to OKCoin since they were both started by Star Xu.

It is good news for United States crypto investors, traders, and enthusiasts that Coinbase now has some real competition, rather than a practical monopoly as it was before. Coinbase and OKCoin USA are going to be drastically and persistently improving their services, in terms of limits, fees, and support, as they fight for their share of the USA market.

Additionally, Huobi has entered the United States with HBUS in August 2018, and it are already seeing USD 1.7 million of trading volume per day. This increases competition even further, makes the situation even better for crypto traders in the United States.

 

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OKEx, OKCoin Founder Star Xu Taken into Custody for Fraud Investigation

Star Xu, the founder of crypto exchange OKEx, has briefly been taken into custody by police in Shanghai, China. Allegedly, Xu is a shareholder of WFEEcoin, which is under investigation for fraud.

Xu voluntarily surrendered himself for interrogation by Chinese police, which carried on for about 24 hours. He agreed to assist in the investigation of WFEEcoin. OKEx is in the top 3 in the world by trading volume among Huobi and Binance.

China is unfavorable towards crypto trading, having banned Chinese yuan (CNY) to crypto trading in September 2017 and recently blacklisted most crypto trading websites.

According to the media report on this situation, if Chinese police find that Xu committed any criminal act, he would not be let go. Although this round of interrogations have not seen any results, the case was transferred to Beijing, the capital of China, and further interrogation is likely in Beijing. For now Xu is free as of 11 September 2018.

Update: Star Xu of OKEX was released from Shanghai police at 9:30pm https://t.co/aieEE4m3Zp

— cnLedger [Not giving away ETH] (@cnLedger) September 11, 2018

Aside from the WFEEcoin situation, Star Xu and the exchanges OKEx and OKCoin have encountered plenty of controversies. Recently, OKEx had to conduct a clawback after a trader leveraged a long position way too hard, resulting in losses so big that OKEx’s insurance fund was wiped out and other traders had to pay for the shortfall.

OKEx has also been accused of manipulating the market to cause a crash in April 2018, and of falsifying trading volume by 90%, allegations that caused OKEx’s CEO to resign. Additionally, OKCoin was sued for slowing down Bitcoin Cash withdrawals right after the fork that created Bitcoin Cash, causing big losses for traders.

 

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P2P Exchange Bisq: “It Doesn’t Get More Decentralized Than This”

With a recent surge in so-called decentralized cryptocurrency exchange platforms, peer-to-peer (P2P) exchange platform Bisq appears to be one of the very few to attempt serious decentralization.

Once the favored method of exchange, P2P volume has fallen over the years but with increasing privacy and security challenges on centralized exchanges, some like Bisq see a revival in the concept of direct exchange via P2P.

Felix Moreno is one of just a few individuals who work on the decentralized P2P exchange platform Bisq openly. Most people working on it volunteer their services anonymously and for free. Why? Because, as Moreno told Bitcoin News, it is the ”holy grail” of decentralized cryptocurrency exchanges.

Bitcoin News caught up with Moreno to discuss the logistics of running a nearly entirely decentralized exchange, why they will have to fight tooth and nail to keep it that way, and why know-your-customer (KYC) regulations are really just a way for the government to get into your pockets.

Moreno’s experience

He has been in the Bitcoin world for a long time, suffered through the Mt Gox fiasco and various hacks and scams before, and now wants to do his part in minimizing these experiences for others.

”What do we need that can make exchanging as decentralized as the Bitcoin network itself? This is the closest we have gotten to that ideal,” he said. This is one of the most interesting projects Moreno says he has worked on, both making him understand what makes Bitcoin special and what potential decentralization can unlock, Moreno explains his belief that Bisq’s founders really try and live up to this standard.

A return to private exchanges between crypto users

Bisq founder Manfred Karrer shared these comments about the platform: ”To enable a privacy protecting exchange between fiat currencies and Bitcoin, it is crucial to keep your Bitcoin untainted. Protection of privacy is here directly related to security. There is a long list of hacks of centralized Bitcoin exchanges. In such events, your personal financial data including your residency address can end up in the hand of hackers and criminals. The only protection is to not store user data.”

The Bisq project is open source, operating entirely with the help of informal collaborators besides the founders. There was no initial coin offering held to raise funds; the few who helped contribute the minimal funds pre-launch did not do so expecting to see their money again. The mission getting these people so excited is an ambition to create a platform like BitTorrent but instead of offering music, offering a cryptocurrency exchange for all coins, between people and users instead of companies and banks.

Right now, you can buy and sell Bitcoin and altcoins using dozens of fiat currencies but with more users, this could potentially become hundreds. The platform uses multi-signature transactions on Bitcoin smart contracts to block in escrow the Bitcoins that people use as a security deposit, so there is a mutually assured destruction for both partners in the trade if they don’t complete it correctly.

The privacy measures do not much change the process of using the platform, Moreno detailed: ”There is a local wallet in your computer under your control so there is no way that runners of the project can access it. You can fund the wallet at the moment you want to make the trade by just scanning the QR code and depositing funds straight away.”

Bisq Founder Manfred Karrer

In terms of decentralization, what makes Bisq so different from other exchanges?

Bisq does not require you to have an account or share your information with a third-party company. Your information is stored locally in the Bisq Client, an application that you need to download onto your computer, and only the minimum of this is shared with the trade counterpart and nobody else. For example, if you are trading with fiat, your bank details will be shared. A Bitcoin-Monero trade, on the other hand, will not even share your name with the trading partner, only your wallet address.

”There is no way we could turn into a KYC financial surveillance company because there is no company, there is no one the SEC can send a subpoena to. There is no one in charge,” Moreno explained.

Privacy is crucial for them. Moreno outlined the main issue with centralized businesses: ”Big companies leak large amounts of user data every week, and the ones who are not leaking are the worst offenders, accumulating social media and search engine data to sell to advertisers in the best case scenario. The worst case scenario is something from (the book) 1984.’

Privacy, he added, is especially important with finances due to the risks of theft, fraud, and rich Bitcoin traders that could become susceptible to phishing scams if their data is shared. He also recognized that there are different degrees of decentralization with Coinbase at one end, Hodl Hodl somewhere in the middle, and then Bisq.

”Ideally, Bisq is so successful that it will be copied by a lot of people and because it is open source code this will be easy. I’m fine with that, that’s the spirit of open source,” he explained.

A dying kind

Moreno pointed out that even companies that have tried to offer decentralized platforms, such as Shapeshift, reach a certain level of success and then have to ”ignore the ‘no account needed’ hashtag”. They may not want to impose KYC, he said in the case of Shapeshift: ”I know Eric (Shapeshift CEO), he’s a great guy, really believes in privacy. But once you run a company with dozens of employees and investors you cannot take the legal risk. Shapeshift is incorporated in Switzerland so technically the SEC doesn’t have anything to say about it in theory, but in practice, the long reach of American regulators extends at least over half the world if not more… I don’t think he has a choice.”

Bisq Co-Founder Chris Beams

It is not perfect

There are risks to this level of decentralization and the platform itself is not perfect. For one, it exposes Bisq to scammers that in some other places can be stopped with an identity check, but it uses a set of incentives and smart contracts to minimize this risk. Moreno says he has used nearly every trading platform there is and has realized it is much more detrimental to scammers to have a security deposit there to lose than to ask for identification. Bisq has a double security deposit, which when trade is completed, both parties recover but if there are any issues they can lose their money.

One aspect that people may also not like is the fact you have to download a program to run on your computer.

”That’s like early 2000s, who does that anymore?” Moreno joked, clearly aware that this is a problem for some people. It is, however, the only way to exchange completely securely and to let people really have control of their own node, he said.

Some people might also not enjoy the fact that because they are completely in control of their own funds as any mistake is on the user: ”It’s like in the early days of Bitcoin when you send funds to the wrong address – you’re screwed. But that’s your responsibility and some people don’t want that.”

And then there is the issue of speed. You can not simply buy with one click when making a market order as you can on some centralized platforms; the multi-signature which is on the Bitcoin blockchain requires at least 10 minutes for confirmation. Then the speed depends on your payment network; some ways such as through a Revolut account will be quick, but international bank transfers can sometimes take five days or more.

Fighting to stay online, and why regulations are really there

While Bisq may avoid most regulations because of its decentralized structure, the path ahead for them is not easy: ”Bisq is going to have a very hard time surviving the way it is doing things… We will have to fight like hell and use every technological advantage to keep it up.”

If there is a company behind it, Moreno says, every exchange will get a call from local regulators who want first: full KYC and the source of funds for counterterrorism measures especially over certain amounts, and secondly: automatic data sharing like banks already have with tax authorities so they can ”go on phishing expeditions to see who isn’t declaring all their Bitcoin income or whatever”.

Moreno continued, ”KYC is not there out of the goodness of their hearts; it’s a slippery slope towards first identifying you, then getting money out of you. If tax authority lobbyists win, they will allow crypto activities to continue but they will be taxed and if financial industry lobbyists win, they will exclude competition so only big financial companies can run exchanges with proper licenses.”

Industry self-regulation

So is industry self-regulation the way forward? Well, Moreno thinks it could work.

He explained that now, more than ever, there is the opportunity to do it well by using smart contracts and setting up things such as automatic penalties for people who break the rules. ”That can get us very very far, much farther than all the preventative KYC regs”, he said, adding that reputation networks too have always worked because people care a lot about return trade.

”If people are completely anonymous, it’s very easy to have a selfish attitude, but if it’s someone you have some sort of relationship with, it’s only the psychopaths that are going to give that up for a short-term gain,” Moreno remarked.

Bisq Co-Founder Christoph Atteneder

Set the date: 20th September

Right now, trading volumes are comparatively very small: ”Bisq is at 183 on Coincap, it’s tiny.”

For euros and dollars, trading is decent but for some other currencies such as the Argentinian peso, there is hardly anyone on the platform offering pairs. ”Argentina really needs it but again, most people will not do the work of finding decentralized exchanges until they suffer a hack or find their account frozen,” Moreno noted.

To try and encourage traders, Moreno has planned a kick start virtual event on 20 September 2018. He is asking everybody who is interested to go on Bisq and place an ad.

”If you don’t want to trade just say ‘I’m here, I’m interested and when the time comes to buy and sell I will be here,’ especially for lesser used currencies. If we can get 4/5 people for these currencies, other people can see there are people trading around them.”

It may not be the fastest platform, the most accessible or provide some of the assurances that KYC compliant exchanges do, but as Moreno believes, ”Right now, Bisq is the best we have got by far.”

To find out more about Bisq, or to contribute to the platform, join the Slack or follow them on Twitter.

 

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Nasdaq to Trial Prediction Tool for 500 Cryptocurrencies

Nasdaq, second-largest exchange in the world by market capitalization, is planning to add a tool to the exchange which will aid investors to predict crypto price movement, according to unconfirmed reports.

A person familiar with the company’s plans has indicated that it will shortly be adding crypto assets to its new Analysist Hub. The Hub, launched in 2017, computes traditional asset market fluctuations drawing on social media and other sources.

Wall Street has shown interest in the cryptosphere over past months, with major banks making statements of intent, although Brian Kelly’s prediction that the addition of the New York Stock Exchange (NYSE) and Goldman Sachs to the crypto status quo would cause the market to surge, has yet to happen.

Bill Dague, Nasdaq’s head of alternative data, is guarded in his response to the suggestion that the exchange giant is about to take the same steps as some of Wall’s Streets other major financial institutions, and commented, “…given the abundance of interest, we are exploring cryptocurrency related datasets… Whether or not we launch a crypto-related product remains to be seen.”

On the other hand, Nasdaq’s source had a less guarded response, suggesting that the service would provide information on the movement of 500 crypto datasets using resources such as Twitter, and possibly StockTwits and Reddit.

Nasdaq CEO Adena Friedman had hinted earlier this year that Nasdaq had been looking into crypto-related products when she remarked:

“Certainly, Nasdaq would consider becoming a crypto exchange over time… I believe that digital currencies will continue to persist it’s just a matter of how long it will take for that space to mature.”

An article published in May on the Nasdaq website even cited three coins that the exchange felt might be able to withstand future market turmoil if it transpired: Bitcoin (BTC), Litecoin (LTC) and Stellar (XLM).

Nasdaq will need to move fast with its any crypto additions to its Analyst Hub, as news services Reuters and Bloomberg are already lining up with similar plans to launch a crypto analytic tool.

 

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Blockchain Businesses Feature in LinkedIn’s Top 50 US Startups

Blockchain and cryptocurrency businesses performed consistently well in LinkedIn’s Top 50 US Startups, landing spots across the board.

LinkedIn’s list identifies the country’s most dominant startups looking at a variety of factors; 1) employee growth, 2) member, company and employee engagement, 3) interest from job seekers, and 4) to what degree the companies managed to pull talent from LinkedIn’s Top Companies list. To qualify, each company was required to have been established no more than seven years ago, and employ a minimum of 50 people.

Coinbase, Robinhood, Ripple in top 10

US-based cryptocurrency exchange Coinbase grabbed the number three spot, with LinkedIn noting the company managed to double the number of accounts than that held by brokerage firm Charles Schwab, with numbers now standing at around 20 million. Coinbase currently has 500 employees and says it is looking to double that number this year. A spokesman for the company told LinkedIn that despite its rapid expansion, it is “absolutely not a run-fast-and-break-things culture”.

Investment app Robinhood landed in sixth, with LinkedIn partly attributing its success over competitors to the commission-free stock trades. The Stanford roommates that founded the platform four years ago have ambitions of ”[mimicking] every service found in a traditional bank, at lower costs”.

Blockchain-based international money transfer app Ripple found its place at number seven, as LinkedIn praised its ability to transform the antiquated process of cross-border financial transfers into one that can be completed in seconds. Ripple boasts over a hundred customers that include the major financial entities Santander and Standard Chartered.

Still appearing down the list

The Winklevosses’ Gemini trading platform ranked 25, Ethereum incubator ConsenSys at 26, and blockchain firm Axoni reached number 47.

The prevalence of the industry in the full list indicates the success and growth it experienced this year; recognition from LinkedIn in this way will only benefit it further.

 

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