Tuesday, February 26, 2019

XRP on Coinbase / Whales / Mercedes-Benz / Exodus 1 Review

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$BTC (2:10 p.m. EST): $3,855.08 (-1.13%) // 90-day high: $6,286.41 // 90-day low: $3,286.14 / / More

$BCH ABC (2:10 p.m. EST): $134.19 (-3.06%) // 90-day high: $432.88// 90-day low: $80.95 // More

$ETH (2:10 p.m. EST): $136.98 (-3.13%) // 90-day high: $201.35 // 90-day low: $86.08 // More

$LTC (2:11 p.m. EST): $45.25 (-3.42%) // 90-day high: $49.19 // 90-day low: $22.09 // More

$XRP (2:11 p.m. EST): $0.31 (-3.26%) // 90-day high: $0.52 // 90-day low: $0.28 // More

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1. Coinbase launched support for XRP on its professional trading platform, Coinbase Pro. The coin is available in "transfer-only" mode to start, meaning customers can only deposit tokens. The exchange did not give a timeline for adding XRP to its main trading platform, along with its Android and iOS applications, but in the past has launched cryptocurrencies for its non-professional users within a few weeks of launching on Coinbase Pro. The price of XRP saw an immediate increase in price, jumping about 10 percent following the announcement. –COINDESK

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2. The 100 largest bitcoin wallets have combined to accumulate an additional 150,000 bitcoin over the past two months, a total worth more than $500 million. These wallets now hold more than 2.29 billion coins. In other whale movement, a trader transferred 707,112 of ethereum worth $98 million from an unknown wallet to Binance on Monday. Binance Founder Changpeng Zhao retweeted a tweet from October 20, the same date of another large transaction to Binance, saying the company was moving funds between cold wallets. This raises speculation that Binance officials were simply moving coins, although that was yet to be confirmed. –BITCOINIST

Bitcoin whales accumulate more bitcoin
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3. Mercedes-Benz has developed a blockchain platform that it hopes will increase transparency and sustainability in its supply chains. The carmaker, a division of Daimler AG, has partnered with software company Icertis to develop the platform. The platform allows for a sustainable mapping of sorted documents across the supply chain to ensure that each component of a car meets the company's standards. Car companies have been exploring blockchain more and more of late. Last September, Porsche AG announced plans to increase blockchain investment. –COIN TELEGRAPH

Mercedes-Benz developers supply chain blockchain
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4. Wired gives a generally favorable review of the blockchain-enabled Exodus 1 smartphone from HTC but adds the phone is not quite the Web 3.0 revolution that some had hoped. The phone comes with a hardware wallet for storing cryptocurrency and allows owners to control their private keys. However, despite the phone's hype, it is still a work in progress. "The Exodus 1 is a perfectly good smartphone," the site writes. "But if you buy one, buy it for that, and enjoy your glimpse at what the decentralized internet might look like, someday, when broader adoption and more useful Dapps converge." –WIRED

Wired gives Exodus 1 positive review
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5. Bitcoin has surpassed PayPal in annual transaction volume for the second straight year (bitcoin transacted $1.3 billion in volume, while PayPal record $578 billion. –NEWS BTC

6. A 38-year-old Dutch cryptocurrency trader was attacked and tortured in his home by a group of masked thieves. While police have yet to release a motive, these types of attacks have been growing, where criminals force cryptocurrency traders to move digital coins to their own online wallets under the threat of violence. –NEWS BTC

7. Nasdaq officially added listings for Brave New Coin's Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX), which were announced last month. –COIN TELEGRAPH

8. A bitcoin enthusiast from London created an article on Wikipedia that outlines the privacy concerns associated with bitcoin and the Lightning Network. –AMB CRYPTO

9. Inveniam Capital Partners plans to tokenize a $66 million building in Miami, the largest piece of real estate to be financed this way to date. –COINDESK

10. Writer Greg Satell argues that blockchain's biggest opportunity is not cryptocurrency but in global supply chains. –BARRONS

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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: Kim Lyons (managing editor at Inside, a Pittsburgh-based journalist with recent bylines in the NYTimes and Columbia Journalism Review.) and Susmita Baral (senior editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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