February 26, 2019
QUOTE OF THE DAY
"Always do your best. What you plant now, you will harvest later."
- Og Mandino
| COIN | PRICE | 24H |
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| BTC | $3,865.07 | + 0.42% |
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| ETH | $138.31 | - 0.49% |
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| XRP | $0.322174 | + 4.20% |
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| EOS | $3.48 | - 3.14% |
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| LTC | $45.79 | + 0.24% |
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*Information as of 10:30 AM EST
Buildings on the Blockchain Could Be the Future of Financing
Sitting downtown Miami is a $65.5 million building that will put the idea of tokenized real estate to the test in a world record deal.
That's because Inveniam Capital Partners (ICP), the firm behind the process, is now gearing up to sell shares of the building to investors using the Ethereum blockchain.
Once everything is set, an auction will begin and investors will be able to bid for shares using the top 50 cryptocurrencies by market capitalization.
The wave of the future?
The WeWork-occupied Miami building is only the first of four deals ICP will facilitate. After all four are complete, a total value of $260 million will be tokenized.
But ICP CEO Patrick O'Meara doesn't think tokenization will stop there.
O'Meara is set on tokenizing assets ranging from pipelines to student housing facilities.
Transparency is key
The reason? Transparency.
Using blockchain, transactions can be tracked with an "enormous" amount of data attached to them - basically a regulator's dream.
But that comes later. For now, ICP is anxious to complete its largest auction yet.
The Samsung Effect Caused One Crypto to Skyrocket
When a cryptocurrency gets the thumbs up from Coinbase, investors rush to the newly listed asset and usually cause a short term spike.
We refer to this as "Coinbase Effect" since Coinbase's premium platform and massive user base can have an effect on the success and growth of an asset.
Well, now that Samsung's new Galaxy S10 has a built-in crypto wallet, we could be seeing the start of the "Samsung Effect."
Rocketing 200%
In the last 24 hours, Enjin Coin (ENJ), a gaming-focused cryptocurrency, has blown up and skyrocketed to a 200% gain at its peak.
Why? Samsung revealed that ENJ is listed alongside Bitcoin, Ethereum, and Cosmee as the first four supported cryptocurrencies for the S10's native wallet.
While ENJ has since cooled off from its highs, the new Samsung support is certainly a promising way to bring its asset to the broader market.
XRP Finally Gets the Okay from Coinbase
After months of endless Twitter replies asking Coinbase to list XRP, it looks like the community finally got its wish.
On Monday, Coinbase announced the new listing and has already begun its process to ensure a smooth transition starting with only transfers.
But a security?
At the same time, critics are still skeptical of XRP's position in the eyes of regulators.
Regardless, however, an individual familiar with the matter said Coinbase "is prepared to support the asset however it's classified by regulators" - security or not.
No timeline
Like all other listings, not timeline has been provided and the process could take a few weeks to fully implement across all platforms.
But wait, there's more...
- 😱 Netherlands Bitcoin trader gets attacked in his own home.
- 📱 You can now buy HTC's Exodus blockchain-based smartphone using USD.
- 🧐 SoftBank eyes blockchain to help solve online authentication issues.
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