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Financial expert, Vincent Launay from the World Bank, recently gave his predictions about the major changes brought on by Ethereum to the financial system. In particular, he explains why big banks do not have any other choice but to eventually adopt the cryptocurrency.
In terms of market capitalization, Ethereum comes in at number 2 on the list. Its exchange platform is open source and is the most used of all the ânewerâ cryptocurrencies. There are about 475 cryptocurrencies available on their platform, as opposed to 580 cryptocurrencies used by their competitors. Ethereumâs success is mainly due to its integration of smart contracts. These contracts allow companies to carry out ICOs and other fundraising campaigns.
Launay said, âLinking capital managers with companies and governments that are wanting to issue bonds has long been a lucrative business for Wall Street. And, now we are at a point where it is no longer possible to do so without themâ
By removing all other intermediaries and providing capital for startup companies, Ethereum makes investment banks obsolete. They may not feel it quite yet, but venture capital funding companies already do and itâs not uncommon to see them as part of pre-ICO campaigns.
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Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
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Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
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Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
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