GOOD READS Facebook is reportedly developing a stablecoin for WhatsApp The social networking giant is reportedly leveraging its new blockchain team for the creation of a new stablecoin that would be used for native payment transfers via WhatsApp. A behind the scenes look at the biggest crypto transfer on record Coinbase recently moved 5% of all BTC in existence, 8% of ETH, and 25% of all LTC to its newest cold storage solution in the largest crypto transfer on record. Here's how they did it. Crypto miners are fighting for survival as market turmoil continues As crypto's bear market extends through the end of the year, many crypto miners are close to going out of business - and even Bitmain, the world's largest mining operation, is allegedly on the verge of bankruptcy. The current state of Venture Capital funding in the blockchain space Even against market headwinds, total VC investments in crypto projects topped more than $4B this year. ICOs still hasn't supplanted VC funding as the preeminent funding mechanism, and many VCs are actually directly investing in tokens themselves. Ethereum reaches 50 million unique addresses, but active addresses have dropped nearly 70% from its peak Last week, the total number of Ethereum addresses passed 50M for the first time. That said, the number of active addresses (and transactions) have dropped more than 68% since the start of the year. Here's how America could lead the transition to a digital reserve currency As China and Russia begin to unveil their cryptocurrency ambitions, some economists are calling on the US to accelerate R&D in the space, and create a digital reserve currency to block attempts to replace the dollar in the global financial system. Intersecting space and blockchain: the Blockstream Satellite story This is an amazing technical recap of how one crypto entrepreneur got the Blockstream Satellite (which receives data from Blockstream's 5 satellites presently orbiting earth) up and running from his own home. A great presentation from Linda Xie: Beyond Cryptocurrencies This is an excellent presentation from Linda Xie (managing director of Scalar Capital) on the future applications of crypto, from decentralized prediction markets to sovereign identity platforms. Binance Labs launches 8 blockchain projects to solve the industry's biggest challenges In another first for the company, Binance has just set up a 10-week incubator program, which will help eight blockchain startups continue building their platforms and define their product-market fit. Inside China's plan to sideline Bitcoin Backed by patent filings for crypto technologies by state-backed banks and financial institutions, multiple analysts have indicated that the Chinese government is now preparing to launch its own cryptocurrency. Institutional crypto and a new generation of Wall Street leaders This year saw traditional financial institutions take the first few steps toward truly adopting crypto, and it all started with the digitization of brick-and-mortar exchanges themselves. | |