Friday, February 8, 2019

Litecoin Jump / Bakkt Scammers / DApp Dominance / Hashrate

Subscribe | View in browser

$BTC (12:04 p.m. EST): $3,694.83 (8.36%) // 90-day high: $6,860.85 // 90-day low: $3,286.14 / / More
$BCH ABC (12:04 p.m. EST): $128.06 (10.58%) // 90-day high: $632.22// 90-day low: $80.95 // More
$ETH (12:05 p.m. EST): $118.35 (13.35%) // 90-day high: $229.12 // 90-day low: $85.11 // More
$LTC (12:05 p.m. EST): $42.54 (28.94%) // 90-day high: $42.54 // 90-day low: $22.09 // More
$XRP (12:05 p.m. EST): $0.31 (8.23%) // 90-day high: $0.53 // 90-day low: $0.28 // More
Here are the 10 most important stories about bitcoin and cryptocurrencies today

Facebook gray   Twitter gray   Email gray   Permalink gray

1. Litecoin increased more than 25 percent in the last day, bypassing EOS to become the fourth largest cryptocurrency by market cap. As John P. Njui at Ethereum World News explains, experts have attributed litecoin's boost to two main factors. First, the coin is about six months from its halvening, an event in the life of a cryptocurrency that traditionally increases scarcity. Second, just last week, litecoin founder Charlie Lee announced plans to make litecoin more secure and more fungible, laying out a plan that has resonated with investors. –ETHEREUM WORLD NEWS

Litecoin price surges 10 percent in 3 hours
Facebook gray   Twitter gray   Email gray   Permalink gray

2. Scammers have begun promoting a poor imitation of the Bakkt platform in hopes of tricking users into sending cryptocurrencies under the guise of investing. Coindesk came across the scam thanks to an email with the subject line "Bakkt News!" The email, written in broken English, directed users to a website that was registered last week through WhoisGuard, a domain owner-obscuring service in Panama. The Intercontinental Exchange, Bakkt's parent company, said the website was a fake and it would not have communicated with users in that way. –COINDESK

Facebook gray   Twitter gray   Email gray   Permalink gray
Ad

Earn Up to 30% Back In Free Bitcoin When You Shop Online With This Browser Extension

Lolli is a free browser extension that rewards you with bitcoin when you shop at over 500 top merchants, like Jet, Overstock, Priceline, SeatGeek, & Walmart. You can earn up to 30% back in bitcoin on everyday purchases. Lolli is safe, protects your privacy, & completely free to use.

Download today!

3. EOS and Tron host 47 of the most 50 most popular decentralized apps (DApps), according toDappRadar. The ethereum blockchain traditionally hosted the majority of dapps, but developers have steadily moved away from the platform over the past year. Vitalik Buterin, ethereum's co-founder, said last year his chain has a safe scaling mechanism in place, something that would make it difficult for developer to run high-throughput apps. As a result, developers, especially of gambling DApps, have moved to Tron and EOS in mass. Ethereum's builder community has been working on scaling solutions for some time, but none are production ready at this time. –THE NEXT WEB

EOS and Tron host most of top decentralized apps
Facebook gray   Twitter gray   Email gray   Permalink gray

4. Bitcoin's transaction volume has increased to its highest levels since January 2018 while its hashrate hit its highest levels in three months on Thursday. The hashrate increase comes as new miners have joined the network thanks to the recent 10 percent drop in mining difficulty, Bitcoinist argues. Writer Georgi Georgiev said that the hashrate increase could be a bullish sign for bitcoin's price, which has seen slight drops over the past week. Bitcoin's transaction volume increase also shows positive signs, as Jameson Lopp, CTO for security firm Casa, wrote on Medium that "the system is improving and growing." –COIN TELEGRAPH

Facebook gray   Twitter gray   Email gray   Permalink gray
Ad

Intelligence is creating stronger connections.

Today's world generates 2.5 quintillion bytes of data every day. Sifting through that much available information is hard. Micron is helping analyze that data to create stronger connections between AI, organizations, and most importantly, people.​​ Learn More.

5. A writer explains that Rep. Alexandria Ocasio-Cortez's (D-New York) Green New Deal could increase the amount of money the Federal Reserve needs to print, causing bitcoin's inflation rate to drop as a result. –BITCOINIST

6. Only 13 percent of survey respondents said they felt comfortable buying cryptocurrencies from Amazon if the e-commerce giant ever started to sell them. –INVESTING

7. Blockchain's growth has not been as fast as some expected because blockchain users simply do not trust one another, according to new research. –SLATE

8. A number of experts weigh in how they think Facebook's mysterious blockchain project could impact marketing and advertising — some anticipate the creation of payment options and other predict incentives for members.​​​​​​ –MARTECH TODAY

9. Ripple has added 11 universities to its University Blockchain Research Initiative (UBRI), including Carnegie Mellon, Duke, and Georgetown. –FORBES

10. Binance CEO Changpeng Zhao said his exchange will launch its own blockchain within the next two weeks, which will operate similar to XRP and NEO. –DAILY HODL

Facebook gray   Twitter gray   Email gray   Permalink gray

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) and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

Facebook gray   Twitter gray   Email gray   Permalink gray
Copyright © 2019 Inside.com, All rights reserved.

Our mailing address is:
Inside.com
767 Bryant St. #203
San Francisco, CA 94107



Did someone forward this email to you? Head over to inside.com to get your very own free subscription!

You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.