• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

    Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

    Ethereum price

    Ethereum price expected to cross $1,300 as bulls dominate the markets

    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

    Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

    Ethereum price

    Ethereum price expected to cross $1,300 as bulls dominate the markets

    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Industry News

‘Mafias’ are real and taking shape in the cryptocurrency world

Johnson Go by Johnson Go
June 28, 2019
in Industry News
2 min read
'Mafias' are real and taking shape in the cryptocurrency world 1
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The cryptocurrency sphere is going through the first golden era since its inception, and ‘mafias’ are taking shape in the industry already. But what really is a Mafia in this context and is it really that bad for the cryptocurrency sphere?

Well, journalists working back in the 90s coined the term for the group of entrepreneurs and employees leaving and dropping out from the famous payment solution Paypal.

The Paypal Mafia as it was dubbed left the giant to start their own technology-driven companies and the list includes top stars such as Elon Musk and Reid Hoffman.

RelatedPosts

TaxBit receives investment funds from PayPal and Coinbase

Crypto market cap reaches ATH: crosses $1 Trillion

Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

Crypto mining: Iran shuts down over 1600 mining farms

Tech expert Ash Egan referring to the same concept discusses how new mafias are forming in the cryptocurrency industry and the enormous chain effect it would trigger in the market.

I'm fascinated by the concept of tech mafias, popularized by Paypal in the early 00s.

Early signs of crypto mafias:

Coinbase ➡️ @0xProject @dydxprotocol
Ethereum/ConsenSys ➡️ @Cardano @polkadotnetwork @metamask_io
MIT ➡️ @EnigmaMPC @Algorand Unit-e
IC3 ➡️ Avalanche

Others?

— Ash Egan (@AshAEgan) April 3, 2019

Ash points out that there are a number of ‘mafias’ taking shape in the cryptocurrency sphere driven by different sub-sectors of the industry.

The first Mafia would be Coinbase, that has given way to the 0xproject and the DyDx protocol. On the other hand, Ethereum and Consensys lead to the birth of Cardano, the Polka Dot Project and Meta Mask took place in ideation form.

Ash further reveals that in the academic area, the famed and prestigious Massachutes Institute of Technology (MIT) has three sub-trails, namely; EnigmaMPC, Algorand and Unite-e.

Whereas, last but not least, IC3 has given way to Avalanche’s inception. All of these trails where companies were formed by either co-founder who left their first major startup or employees working at one of the big names.

'Mafias' are real and taking shape in the cryptocurrency world 2

Techcrunch has converted the data from Ash’s post into a meaningful quick glance chart dived into four sub-categories; Technology, Wall Street, Cryptocurrency and Academic.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

Related Posts

TaxBit
Industry News

TaxBit receives investment funds from PayPal and Coinbase

January 7, 2021
Crypto market cap
Industry News

Crypto market cap reaches ATH: crosses $1 Trillion

January 7, 2021
'Mafias' are real and taking shape in the cryptocurrency world 3
Industry News

Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

January 7, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

January 7, 2021
Binance Coin price prediction_ BNB to $56, analyst

Binance Coin price prediction: BNB to $56, analyst

January 7, 2021
Ethereum price

Ethereum price expected to cross $1,300 as bulls dominate the markets

January 7, 2021
TaxBit

TaxBit receives investment funds from PayPal and Coinbase

January 7, 2021
Cardano price prediction_ ADA to retest $0.35, analyst

Cardano price prediction: ADA to retest $0.35, analyst

January 7, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 4

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2020 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.