 QUOTE OF THE DAY  |
| "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." - George Soros |
Good Morning! Well, John McAfee announced plans to run for president in 2020. Could you imagine mid-presidential debate McAfee starts shilling your favorite coin? One can dream right?
Cheers,
Blockchain Brew Team
| COIN | PRICE | 24H |
|
| BTC | $7,434.09 | -1.25% |
|
| ETH | $588.951 | -0.88% |
|
| XRP | $0.661509 | +1.69% |
|
| BCH | $1,073.60 | -3.63% |
|
| EOS | $13.6328 | +0.7% |
|
*Information as of 9:30 AM EST
Steve Wozniak Bullish on Bitcoin Becoming the World's Only Currency
SUPPORTS JACK DORSEY
- In mid-May, Jack Dorsey explained to Consensus attendees that one day the internet will have its own native currency and it will be Bitcoin
- At the ongoing Money20/20 conference, Wozniak spoke with CNBC in an interview in which he showcased his support for Twitter and Square CEO Jack Dorsey's beliefs about Bitcoin
When asked of his opinion about Dorsey's view of Bitcoin becoming the single used digital currency by 2028, Wozniak told CNBC:
"I buy into what Jack Dorsey says, not that I necessarily believe it's going to happen, but because I want it to be that way, that is so pure thinking."
SOLD OUT (MOSTLY)
- Though Wozniak is a big cheerleader of Bitcoin, he actually has little holdings in digital currency
- After buying in to Bitcoin at $700 and subsequently selling at a higher, undisclosed price, Wozniak explained that he only wanted to experiment with the technology and wasn't acting as an investor
- In the interview he explained to CNBC that he sold all of his holdings except for one Bitcoin and two Ethereum
BITCOIN ONLY FUTURE
- Right now there are 1,640 cryptocurrencies listed on CoinMarketCap and that number is only expected to rise
- With many coins promising high hopes and better alternatives to Bitcoin, Wozniak doesn't buy it
Wozniak explained that even though some new cryptocurrencies have interesting aspects, they are centralized:
"Only Bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of Bitcoin. For example, being totally decentralized and having no central control. That's the first one they have to give up to try to have a business model."
Coinbase Opening Up Operations in Japan
WELCOME TO JAPAN
- Coinbase announced Wednesday, in an effort to grow cryptocurrency adoption around the world, it will be opening an office in Japan
- Coinbase will be working closely with the Japanese Financial Service Agency to make sure they are in compliance with all local regulations
- The exchange will be accessible to Japanese citizens and Coinbase will provide a site translated to Japanese
- It was not shared when Coinbase Japan will officially launched but Coinbase promised an update “soon”
NAO KITAZAWA
- Coinbase also announced its selection for CEO of Coinbase Japan, Nao Kitazawa
- Kitazawa was formerly the COO of Money Design, a company that offered automated investment advice platforms in Japan
- He is also very passionate about cryptocurrency, combined that with his knowledge of the fintech industry and knowledge of his home culture, it seems like Kitazawa is a perfect fit to lead Coinbase Japan
Ripple to Invest $50 Million into Academic Blockchain Research
UNIVERSITY BLOCKCHAIN RESEARCH INITIATIVE
- According to a press release by Ripple, the cryptocurrency is establishing University Blockchain Research Initiative (UBRI)
- The initiative is a collaboration with universities around the world to support the development of blockchain technologies and cryptocurrencies
- Ripple has pledged $50 million to UBRI along with its technical resources and expertise of the industry
TASK FORCE
- At inception, 17 universities around the world will be a part of the University Blockchain Research Initiative partnership
- The participating universities were specifically selected for their unique expertise and to create a diversified group
- The universities working with Ripple include: Australian National University, Princeton, MIT, Delft University, Fundação Getulio Vargas, UC-Berkeley, IIT Bombay, IIIT-H, Korea University, UT-Austin, UNC, U of Penn, UCL, University of Luxembourg, University of Nicosia, University of Waterloo, and University of Oregon
Bitcoin Wallet Generation and Google Searches Down Significantly This Year
BITCOIN WALLET GENERATION
- One indicator that can be used to track roughly how fast Bitcoin is growing with brand new users is Bitcoin wallet generation
- In 2018 so far, the growth has been bleak with only 3.7% which is nothing compared to late 2017 when Bitcoin wallets compounded 7.6% monthly
- Although this shows interest for new investors joining the cryptocurrency, it doesn't show the whole story since Bitcoin wallets don't disappear once holders have left the cryptocurrency
GOOGLE SEARCHES
- Another criticized, yet popular and easy tool to track interest in Bitcoin is Google Trends
- Since the beginning of 2018, Google searches for "Bitcoin" has dropped about 75%
- As for other cryptocurrencies, "Ethereum" searches have dropped by 70%, "Bitcoin Cash" searches have dropped by 82%, "XRP" searches have dropped by 87%, however "EOS" searches have jumped over 97%, largely due most likely to their upcoming mainnet launch
TAKEAWAY
- Though these two stats look weak for now, it is unclear what the cause and effect relationship is between these stats and Bitcoin's price
- We do know that they are correlated, but it is more likely that as Bitcoin's price goes up, more people become increasingly interested in investing rather than the other way around
TRON (TRX)
"...On Tuesday, 5 June 2018 at 15.00 WIB you can trade TRX with Rupiah in Indodax."
Today in Crypto is powered by coinmarketcal.com
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