September 25, 2018
QUOTE OF THE DAY 
“I do think Bitcoin is the first encrypted money that has the potential to do something like change the world.”
- Peter Thiel
| COIN | PRICE | 24H |
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| BTC | $6,450.328703 | -2.46% |
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| ETH | $211.120674 | -9.93% |
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| XRP | $0.462101 | -12.57% |
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| BCH | $438.670029 | -6.59% |
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| EOS | $5.203671 | -9.15% |
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*Information as of 9:30 AM EST
HODL May Be Dead, Amount of Bitcoin in Active Wallets Near All Time Highs
More individuals are holding Bitcoin
According to blockchain data analytics firm Chainalysis, 4.8 million Bitcoin are held by wallets of individuals as of the end of August. This represents about 32% of the total supply of Bitcoin (minus lost coins).
This number is up significantly in comparison to the end of last year when Bitcoin hit its all-time high. Last December, 3.8 million Bitcoin or 26% were held by individuals.
Chainalysis found 6.3 billion Bitcoin wallets with a balance that have been inactive for the past year, representing the ones left HODLing.
More liquid supply
More Bitcoins in the hands of individuals means that the currency is becoming more liquid. It is easier than ever to buy into and sell out of Bitcoin.
It could be that more people are using Bitcoin for one of its intended purposes: as a medium of exchange.
Chainalysis economist Philip Gradwell talked about how this is good for adoption:
"They are ready – if things were to change, [if] the opportunity to spend it were to arise – to actually spend it. We've kind of overcome the first hurdle of adoption, getting bitcoin into people's hands."
BTC maturing and becoming less volatile
More individuals using personal wallets to transact Bitcoin has led to less volatility in Bitcoin's price.
With less price movement, there is less fluctuation between investment accounts and active transacting accounts, a sign of a maturing market.
How ConsenSys is Supplying Texans with Electricity using Ethereum
What is ConsenSys?
If you are not familiar with ConsenSys, it is a sort of incubator that consists of software companies building infrastructure, applications, and practices for the Ethereum network. ConsenSys is the largest blockchain software company in the world with roughly 900 employees.
The organization is operated by Joseph Lubin, one of the co-founders of Ethereum.
Supplying electricity to its first clients
On Monday, one of ConsenSys's blockchain startups named Grid+ announced that it has supplied electricity to its first customers. Grid+ is using the Ethereum mainnet to distribute renewable energy to four customers in Texas.
The company is processing electricity payments in real time and allows customers to programmatically buy and sell electricity on the blockchain.
Real-time energy distribution can be very helpful to society because it is very difficult for renewable energy to be stored.
Ethereum co-founder Joseph Lubin commented on Grid+'s achievement:
“Groundbreaking milestone. The tireless Grid+ team has begun supplying power to their first four customers.”
The US Must Take a 'Leadership' Role in Blockchain, IBM Report Says
Blockchain meets the roundtable
In a new report released by IBM, author Thomas Hardjono summarized the results of multiple blockchain-focused meetings held by Congress.
Apparently, Representatives David Schweikert and Jared Polis led the meetings to help other congress members understand the potential of blockchain technology in a handful of use cases.
The roundtable discussions focused mainly on three areas: digital identity, payments and supply chain, and immutability (meaning unchangeable).
Treat blockchain like the internet in the 80's
Following the summaries of Congress' blockchain-focused meetings, Hardjono went on to explain that it is "imperative" that government and industry work side by side to create new laws that encourage blockchain technology to grow.
Though some disagree, Hardjono whipped out his history book and claimed that this leadership between government and industry is the reason the US led the development of the internet in the 1980's to help grow it to what it is today.
So far, Congress' blockchain-focused meetings haven't spurred new regulations, but it is certainly a step in the right direction.
Andreessen Horowitz Invests $15 Million in MakerDAO Stablecoin Firm
Let's talk about MakerDAO
MakerDAO (MKR) is the startup that stands by Dai (DAI), the startup's Ethereum-based stablecoin.
We say Ethereum-based because although Dai pegs itself to a $1.00 value, the stablecoin is collateralized by Ethereum (ETH).
This setup allows anyone to take out a loan by sending their ETH to a smart contract, receiving Dai, and then paying back the Dai debt to access their ETH again.
In a nutshell, MakerDAO is opening economic doors for those who can't qualify for credit.
Where does a16z come in?
Yesterday, it was announced that Andreessen Horowitz (a16z) has acquired 6% of all MKR tokens.
The $15 million in capital will reportedly be used for "operational support" as MakerDAO continues to build out its Dai credit system.
This investment makes (a16z) the first "decentralized autonomous stablecoin organization" which is Silicon Valley's fancy way of saying a16z owns MKR tokens so it can govern part of the MakerDAO and Dai credit system.
- Japan`s financial services giant SBI Holdings is trialing a crypto token that can be used to make retail purchases with users’ smartphones.
- A major blockchain payments trial launched by JPMorgan, Australia's ANZ and the Royal Bank of Canada has just gained over 75 new banks as participants.
- Walmart plans to sell leafy greens that are tracked using blockchain technology within the next year.
aelf (ELF)
Ælf is a Blockchain based company developing a decentralized ‘Cloud Operating System’ designed to become a central hub for all Blockchains. Ælf believes the current challenge preventing large scale commercial adoption of Blockchain technology is its inability to meet the requirements of various business and industrial scenarios.
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