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10 TODAY: “Bitcoin: A Peer-to-Peer Electronic Cash System” was published 10 years ago today – a white paper that ushered in the promise of a new era of financial freedom. A decade in, the crypto landscape has changed from being the domain of the few to a global ecosystem, with thousands of projects and entire industries born from the one paper.
For this notable anniversary, CoinDesk is celebrating with a special opinion series, including exclusives from Erik Voorhees, David Schwartz, Charlie Shrem and more. Take a look
STABLECOIN SUPPORT: Cryptocurrency wallet maker Ledger is looking to add support for a number of dollar-pegged stablecoins in the near future, executives have told CoinDesk. Already, its Ledger Nano and Ledger Blue products support the USDT and DAI stablecoins.
While Ledger is looking to add support for further stablecoins in the future, it is not deprecating support for troubled tether just yet. The company's new head of Asia-Pacific operations, Benjamin Soong, said there is still a lot of demand in China and South Korea for the token.
Tether "is a vehicle that is kind of unique in the market out here, that I've seen so far," he explained,
Ledger’s support for other stablecoins comes as part of a push to expand its custody business. More broadly, Ledger hopes to support more than 100 different tokens by the end of 2019. Full Story
PROMISES: An anonymous white paper proposes a system to replace the Automated Clearing House (ACH) network that powers credit and debit card payments around the world – the same network that was responsible for $47 trillion in transactions last year.
Titled “Promise” and written by the pseudonymous Yoshiro Shinji, the paper proposes a decentralized proxy repayment protocol capable of supporting everyday payments.
And a blockchain startup – also called Promise – wants to take it a step further. Founder Taariq Lewis and his team published a follow-up Wednesday titled "Stronger Promise," where they expand on a proposal for "proxy re-signing," a cryptographic technique developed by AT&T in the '90s.
It promises (pun entirely intended) to support private and quantum-resistant transactions once it is launched in late 2019 or early 2020. Full story |
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 CoinDesk Research tracks many different metrics in the crypto economy. Network interest is important in determining the activity occurring within a blockchain’s internal ecosystem. We observed the number of transactions for each cryptocurrency for Tuesday, October 30. EOS had the highest number of transactions (78 percent) followed by ETH (13 percent) and BTC (6 percent). EOS might be fifth in terms of market cap, but it jumps up to the first place for this measure. EOS sets itself apart from the pack by offering no transaction fees, a factor that obviously leads to increased transaction throughput. Although EOS went through a substantial September slump, almost losing that ranking to ETH, it jumped back up to levels around summer highs as it exits October. Its important to note that not all transactions are exactly the same. Smart contract cryptocurrencies’ counts include functions like contract creation, invocation, and destruction transactions, whereas simpler cryptos show basic transfers of value. Those functions aren’t exactly the same thing. Also for some cryptocurrencies, like BTC, counts might not capture multiple outputs in one transaction. These could be considered actual transactions, but are batched to economize. For more research insights, check out the CoinDesk Research section here and follow the author of this Blast, @_peterryan, on Twitter. |
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| MONTHLY DEADLINE: Bitcoin is on the defensive right now, and things could get worse for the leading cryptocurrency if prices close today below the long-term support of the 21-month EMA, currently at $6,108. Full story |
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BEST OF THE BEST FORBES: A guest article in Forbes examines how blockchain tech could solve issues with latency and inefficiency in banking and wider finance. As Eric Solis, founder and CEO of MovoCash, writes, waiting days for your money to arrive in your account is “painful.” Money management services, too, are lagging, he continues, with generally a “man in a suit” selling services and offering advice. How much better it would be if one could simply download a finance app to remove the need for such manual processes, Solis says. Enter blockchain: Imagine, he says, the Automated Clearing House as a digital ledger shared across all banks – a change that “could introduce immutable data and eliminate all kinds of latency.” The tech could also automate and speed up the insurance industry, and provide better ways to prove identity online and tackle fraud, according to Solis. THE REST REUTERS: A feature by the noted news agency speaks to some of the earliest bitcoin investors to see how they have fared in the years since and how they feel about the cryptocurrency's prospects. Some got in around 2013 when bitcoin was worth roughly $100; others started mining the cryptocurrency as early as 2009. But after a volatile decade since the cryptocurrency was conceived, opinions vary on its future. While some made huge gains after selling at the right time, one investor, expressed disappointment in how things have turned out regarding real-world adoption, saying: “We all expected people would be buying coffees with it and they would use it instead of PayPal.” THE INDEPENDENT: Sirin Labs’ “Finney” blockchain phone is set for a November 29 launch, and now Agentine soccer star Lionel Messi has been signed up to help promote it, according to The Independent. The Barcelona captain will act as brand ambassador for the Israeli company, having apparently seen “the power” of blockchain technology. Named after cryptocurrency pioneer Hal Finney (notably, the second person to ever receive bitcoin), the phone will cost $1,000 at launch. Buyers will get features such as an app store for distributed apps (dapps), secure storage for crypto wallet keys and simple conversion between tokens, the news source says. |
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Consensus: Invest Keynotes |
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|  Jay Clayton Chairman of the Securities and Exchange Commission |
|  Dr. Mohamed A. El-Erian Chief Economic Advisor at Allianz |
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WHO WON #CRYPTOTWITTER  |
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