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UPGRADE PLANS Ethereum developers have been quietly discussing strategies for advancing the world's third-largest blockchain, including a previously undisclosed hard fork upgrade.
Minutes from meetings that took place at an ethereum conference earlier this month, refer to an upgrade named “ethereum 1x,” possibly to be activated in June 2019.
The minutes, now published on GitHub, have been verified by one attendee who wished to remain anonymous.
The notes suggest that ethereum developers may be under pressure to augment their public roadmap in ways that seek to add improvements at an accelerated timeline. Several changes were discussed for inclusion in the hard fork, currently targeted for June, that have not previously been associated with a 2019 release.
It's worth mentioning, that like all public blockchain networks, ethereum requires a distributed consensus among software users for any changes to its rules, though code changes are typically proposed by developers. Full story
LIGHTNING STRIKES Engage as a node to read articles on a blockchain and you can do away with a username or password and keep your identity private.
That’s the idea of Yalls, a blog created by Lightning Labs developer Alex Bosworth. And by bringing bitcoin micropayments to the blog by using the Lightning scaling solution, it has seen nearly 20,000 payments processed in the last seven months.
Reading a post on Yalls costs just a cent, while leaving a comment is half a cent.
“One nice thing about micropayments is that it brings back anonymity to the web,” Bosworth told CoinDesk. “I’m really a fan of the idea that your identity doesn’t have to be tied to a username and password.” Full story
WAIT, WATT? On Monday, U.S.-based bitcoin mining company Giga Watt declared bankruptcy in a federal court in Washington amid ongoing lawsuits against the firm’s issuance of a crypto token.
The firm said it had assets worth less than $50,000, but owed around $7 million to its 20 main unsecured creditors.
Only three days later, the firm quietly updated its bankruptcy filing to make a correction on a crucial detail: its assets are actually worth between $10 million and $50 million. An admin on its Telegram support channel said: "Mistakes happen." Full stories here and here |
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CoinDesk Research tracks many different metrics in the crypto economy. Exchange interest is important in determining the trading activity for each individual crypto's buyers and sellers in the market.
We observed exchange volume for each cryptocurrency, for Tuesday, Nov. 20.
The top 5 cryptocurrencies by exchange volume were:
BTC at $7.04 bn
ETH at $2.75 bn
XRP at $1.30 bn
EOS at $1.19 bn
LTC at $571.24 mn
USDT and BTC make up most of the trading pairs with each coin, except with EOS which has a large share of ETH trading back and forth.
Use our new tool to learn more.
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|  Jay Clayton Chairman of the SEC |
 Kelly Loeffler CEO of Bakkt |
|  Dr. Mohamed A. El-Erian Chief Economic Advisor at Allianz |
 Jeffrey Sprecher Chairman of the New York Stock Exchange & Chairman and CEO of Intercontinental Exchange, Inc. |
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| DOUBLE BOTTOM: Bitcoin has found buyers as it dipped below the crucial 200-week exponential moving average (EMA) support for the second time in four days, validating the oversold conditions reported by the 14-day RSI. As a result, prices could rise to $4,635 – the neckline of double bottom pattern – in the next 24 hours or so. A double bottom breakout, if confirmed, would open up upside toward $5,100. Full story |
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BEST OF THE BEST FORBES: Online advertising is a huge industry, but it is plagued with fraud that costs $3 million to $5 million a day, says a piece from Forbes. What’s badly needed is transparency, and that’s where blockchain may be able to help. Already, it says, blockchain firms have taken "wild swings" at restructuring the advertising revenue space, aiming to cut out the middleman and bring in a new layer of transparency. But blockchain may not be a complete solution. It's is still young, experimental and often overhyped, the piece says, and it would be "catastrophic" to build a major market around the tech. But, still, a little disruption could "revolutionize" the industry.
THE REST
THE NEXT WEB: Bitcoin and other cryptos have seen something of a rough few weeks – so much so that the entire market is now worth less than MacDonald’s, says TNW. In the last several days the combined market cap has dropped to levels not seen since the middle of 2017, and stands today at $139.7 billion. As the tech news source points out, the global burger chain is currently worth $140 billion. While the piece admits the comparison is tongue-in-cheek and “not that insightful,” it argues that the valuations reveal a “contrast between hype and real-world use cases.” HACKADAY: If you can code and are handy with a soldering iron, you might just be able to make the ideal winter holiday gift for the special bitcoin trader in your life. Hackaday reported Thursday on a cunning hardware hack that takes a standard traffic light table lamp you can buy on Amazon for $20 and turns it into a visual bitcoin price indicator. By connecting the LEDs in the lamp to a Raspberry Pi Zero W, throwing in some Python scripts and a web connection will cause it to turn red, green or amber depending on the price movements seen on CoinDesk’s price index. After the price movements in recent months, we’re just hoping it’ll be flashing a lot more green soon. |
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WHO WON #CRYPTOTWITTER  |
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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