Wednesday, March 27, 2019

Developers Leaving / Louis Vuitton / Crypto Ratings / Volatility

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$BTC (3:11 p.m. EST): $4,064.88 (2.44%) // 90-day high: $4,238.41 // 90-day low: $3,286.14 / / More

$BCH ABC (3:11 p.m. EST): $169.05 (6.39%) // 90-day high: $218.09// 90-day low: $80.95 // More

$ETH (3:11 p.m. EST): $139.61 (3​​​.55%) // 90-day high: $160.13 // 90-day low: $86.08 // More

$LTC (3:11 p.m. EST): $61.69 (5.02%) // 90-day high: $62.08 // 90-day low: $22.09 // More

$XRP (3:11 p.m. EST): $0.30 (2.44%) // 90-day high: $0.43 // 90-day low: $0.28 // More

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1. Three developers have left the Bitcoin Unlimited project in protest of Bitcoin SV in the past two weeks. Tomislav Dugandzic recently joined Amaury Sechet and Antony Zegers in exiting the effort. Dugandzic tweeted that the leadership of Bitcoin Unlimited has too close of a relationship with the BSV movement, saying it "is unacceptable and I want no part in it." For their part, the BSV developers that remain took to Reddit to say the three that left had not contributed to the project in a meaningful way. –CCN

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2. A new blockchain with the code name AURA has been designed to verify the authenticity of high-priced goods along the supply chain. Brands like Louis Vuitton and Christian Dior have partnered with Microsoft Azure and blockchain software company ConsenSys to develop a blockchain built on Quorum, JP Morgan's version of ethereum. The blockchain will go live in May or June with the goal of ensuring that high-priced goods are what they promise to be. –COINDESK

New blockchain for luxury brands
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3. Weiss Crypto Ratings awarded bitcoin, XRP and EOS with "A" ratings on its annual ratings of cryptocurrencies. The report grades 120 digital coins and assigns them letter grades based their combination of adoption and technology. The report gave bitcoin a high grade for its Lightning Network upgrade and the ability to become a popular store of value for savers and investors. Ethereum received an A- while cardano got a B+. –COIN TELEGRAPH

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4. Bitcoin's famed volatility seems to be slowing down. According to Dow Jones Market Data, the monthly trading range for bitcoin in March stands at 7.8%, which if holds, would be the least volatile since recordkeeping started in 2013. For comparison, the lowest trading range for bitcoin in one month since the beginning of 2017 is 21.2%, and the average monthly trading range since October 2013 is 53.7%. –MARKET WATCH

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5. CME Group CEO Terry Duffy argues that government has been reluctant to regulate the cryptocurrency market because of its finite supply. –CHEPICAP

6. The Lightning Torch seemed to have a profound effect on Twitter and Square CEO Jack Dorsey. –COIN TELEGRAPH

7. Dr. Saifedean Ammous, a Beirut-based economist and published author on bitcoin, said no asset has ever risen as fast and as much as bitcoin. –NEWS BTC

8. The art world has developed a strong connection with blockchain. –FORBES

9. Google accidentally (we use that word loosely) promoted a malicious bitcoin wallet on YouTube. –THE NEXT WEB

10. Mike Orcutt argues that blockchain-powered marketplaces will be like "steroids for crowd investing." –TECHNOLOGY REVIEW

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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 (Pittsburgh-based journalist and managing editor at Inside); Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram); and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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