 QUOTE OF THE DAY  |
| “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” - Bill Gates |
Happy Wednesday! It's giveaway time! We are giving away 3 copies of @cointradernik's newest book An Altcoin Trader's Handbook to our newsletter subscribers! You must follow the rules listed in the section titled 'Giveaway' to enter.
Cheers,
Blockchain Brew Team
| COIN | PRICE | 24H |
|
| BTC | $6,435.37 | +0.66% |
|
| ETH | $447.37 | +1.94% |
|
| XRP | $0.452551 | +0.62% |
|
| BCH | $709.811 | +1.63% |
|
| EOS | $7.24635 | -2.2% |
|
*Information as of 9:30 AM EST
Coinbase's App Download Numbers are Dropping as Bitcoin Declines
DOWNLOAD DECLINE
- As the bear market continues to drag down the crypto market in 2018, with Bitcoin specifically falling over 50% since the start of the year, Coinbase's app download numbers are dropping
- According to Quartz, Coinbase's app store ranking has fallen to its lowest level among U.S. finance apps since April 2017
- In December of 2017, Coinbase's rankings took to an all time high to match Bitcoin's skyrocketing price movement that made one Bitcoin worth over $19,000 for a brief moment
A chart with data provided by App Annie shows Coinbase's app download decline since the start of 2018:
ARMSTRONG ISN'T WORRIED
- In response to the bear market, CEO of Coinbase Brian Armstrong stated on Twitter that he is not worried about short-term prices and negative market sentiment
- Armstrong believes the bear market will drive out players who were in the crypto market for the wrong reasons
STILL GROWING
- Despite Coinbase's app download numbers declining, the San Francisco-based exchange has been expanding in other areas
- Between Coinbase Custody, Coinbase's Index Fund, a recent acquisition of a fully SEC-regulated financial firm, and an expansion into Japan, Coinbase is showing its strength to the competition
- And it must be working, because according to Quartz, Coinbase is now valued at around $8 billion, up from $1.6 billion in 2017
100 Merchants Invited to Risk-Free Trial of Lightning Network
COINGATE
- CoinGate is a service that allows merchants to buy, sell, and accept Bitcoin and more than 50 other cryptocurrencies in their store
- As of April of this year, CoinGate has processed more than 200,000 payments and has 50,000 users on its platform
- The company’s most recent venture has been implementing Bitcoin’s Lightning Network into its platform, allowing its customers to accept Bitcoin in their stores with minuscule fees and quick transactions
HERE COMES LIGHTNING
- CoinGate just announced that it is starting a pilot of Lightning payments that will be available to 100 merchants at first
- It will be insuring the companies using this new feature, if any funds are lost using the new Lightning Network, CoinGate will refund them
CoinGate CTO Rytis Bieliauskas commented:
"It's a very new technology. Inevitably there will be some bugs, either in our implementation or in the Lightning Network. It will help, not just us, but the whole community because the bugs we find might help the whole protocol."
LIGHTNING NETWORK
- Although it is beginning to be implemented, the Lightning Network is still very much in an adolescent stage
- The protocol is limited to transferring only .0042 BTC in each transaction
- Pilots like CoinGate’s will test if the Lightning Network can deliver on the promise of its benefits
Elon Musk Hates Twitter Scambots Too
BOT ARMY
- If you have used Twitter, it is almost certain you have seen replies to notable Twitter accounts that promise cryptocurrency giveaways
- Even if you aren’t on ‘crypto Twitter’, you probably have seen these bots in work as they have targeted the tweets of people outside of the crypto space like President Donald Trump and Elon Musk
- If you ever want to lose hope for humanity, just look up the address that is being promoted in these scam tweets, sadly you will see that many fall victim to these cons
NEEDS TO STOP
- These scambots have made Twitter almost useless for discussing about cryptocurrencies, it makes it difficult to decipher which sources you can trust, you are alway second guessing if the tweet you are viewing is from a legitimate account or not
- The Twitter verification system was implemented to prevent some of these problems but hasn’t been effective in this case for a couple reasons: the scammers have been able to get access to verified accounts and many credible sources on ‘crypto Twitter’ are not verified because of the space being so new and many accounts are anonymous
- Tech poster boy Elon Musk even tweeted out his annoyance with Twitter scam bots, tweeting: “I want to know who is running the Etherium scambots! Mad skillz …”
- Months ago, Twitter CEO and founder Jack Dorsey responded to a complaint about this issue, simply saying “We’re on it”, but it is evident no effective solution has been implemented
Opera Becomes First Major Web Browser to Include Native Crypto Wallet
OPERA'S NUMBERS
- Opera is a major web browser that accounts for 3.5% of the global web browser market and 4.55% of the global mobile browser market, according to Wikipedia
- As for Opera's Android mobile app, the browser boasts that it has over 350 million active users
WELCOMING CRYPTO
- Announced today in a press release, Opera will be launching a private beta version of its browser that will include a built-in crypto wallet
- This isn't surprising that Opera is the first since they have pioneered in the crypto industry before by adding anti-cryptojacking software to their browser in January
- Currently, this new crypto wallet will support Ethereum Web3 API and will automatically add tokens and collectibles to the wallet
Opera Product manager Charles Hamel noted the reason behind the crypto update:
“Our hope is that this will accelerate the transition of cryptocurrencies from speculation and investment to being used for actual payments and transactions in our users’ daily lives.”
You can download the Opera browser for your operating system by visiting here.
IT'S GIVEAWAY TIME!
That's right. It's giveaway time. This time we are giving away 3 copies of @cointradernik's newest book An Altcoin Trader's Handbook!
HOW TO ENTER:
- Click the 'Win Your Copy' button above
- Forward the Blockchain Brew newsletter to 3 new people
That's it! We will be tracking the results and announcing winners in the Friday, July 20th newsletter.
P.S. Don't miss this opportunity...this may be the easiest way to get a free book in your lifetime:)
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Today in Crypto is powered by coinmarketcal.com
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