Thursday, December 13, 2018

Opera for Android / ERC20 Tokens / Medici Ventures

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Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. Opera for Android has become an ethereum "blockchain browser." The browser now has bolted-on access to the ethereum blockchain that builds on its existing built-in cryptocurrency wallet. While there will be immediate uses, the addition is to lay the groundwork for Web 3.0 technologies. That is where apps will not be installed on a phone but powered with decentralized networks that use cryptocurrencies for transactions. –ZDNET

Opera becomes ethereum blockchain browser
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2. Developers continue to work on a way to transfer ERC20 tokens. The R&D lab at TenX ran the project. It uses a cross-blockchain interoperability protocol to transfer ERC20 tokens for bitcoin using the lightning network. The most difficult part was to exchange the ERC20 tokens for bitcoin's smallest transactable unit, the Satoshi. –COIN TELEGRAPH

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3. Jonathan Johnson, president of Overstock's Medici Ventures, said his company would focus next year on bringing blockchain products to the market. In a new interview, Johnson said he wants to get beyond telling people the benefits of blockchain and show them. Medici has invested in 19 portfolio companies ranging from a security token trading platform to a voting app. "When you have a product, it starts to open up the creative juices, [people start] asking 'how we can use it' and it changes the discussion," he said. –COINDESK

Medici wants to begin to show blockchain promise
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4. Despite bitcoin's drop this year, the number of global cryptocurrency users has nearly doubled. A study from the Cambridge Centre for Alternative Finance showed crypto users climbed from 18 million to 35 million this year. There is some hope that the growth of users could signal that an eventual recovery could be coming. Most of the users are likely still speculators and long-term investors since cryptocurrencies are still not regularly used in commerce. –MY BROADBAND

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5. Bloomberg asks an important question: Will bitcoin ever recover? –BLOOMBERG

6. Jani Ziedins of CrackedMarket believes the chances of a bitcoin bounce have diminished. –MARKET WATCH

7. Forbes asks experts for cryptocurrency and blockchain predictions for 2019; one prediction calls for increased blockchain use in the financial sector. –FORBES

8. 62 percent of automotive executives believe blockchain will disrupt the industry within three years. –CCN

9. Blockchain and the Internet of Things need to further merge in helping connect future technologies. –FORBES

10. Weiss Ratings said now is the best opportunity of the year to buy bitcoin. –BITCOINIST

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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