Tuesday, March 26, 2019

Facebook Jobs / Anonymity / Blockchain Cost / WebLN

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1. Facebook continues to hire for its secret blockchain project with 22 jo openings currently on the company's LinkedIn page. This total will theoretically join the 50-person team that is already working on the project. The Next Web has a rundown of all the jobs, but overall is looking like Facebook is particularly focused on onboarding blockchain experts in marketing, UX design, product management, software engineering. –ETHEREUM WORLD NEWS

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2. LocalBitcoins.com implemented new measures to satisfy European Union money laundering rules, making it harder to buy bitcoin anonymously. The exchange is now the first to align itself with the EU's 5th Anti-Money Laundering Directive (5AMLD). To comply, LocalBitcoins.com will require new users to sign up through a new account registration process. That will require users to verify basic information about themselves. EU member states have until January to compete with the directive. –THE NEXT WEB

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3. It takes an average of $7 million a day to secure the bitcoin blockchain network, according to a new report. Messari, a cryptocurrency data platform, published a screen that outlines the revenues paid to miners for top proof-of-work coins. The screener based its figures on new issuance and transaction fees. The company found that the bitcoin blockchain issued $7.392 million worth of bitcoin every 24 hours and distributed more than $115,000 in mining fees. –NEWS BTC

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4. The open-source WebLN standard for simplifying lightning payments has gained transaction. Lightning Joule and Bluewallet, two of the most popular lightning wallets, use the standard as it helps reduce the number of steps needed to make a payment. The standard, written by developer William O'Beirne, is inspired by his work contributing to popular ethereum services, MyCrypto and MyEtherWallet, both of which are used for storing ether. –COINDESK

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Crypto Cat Fight of the Week

Tron CEO Justin Sun and ethereum co-founder Vitalik Buterin are at it again. Sun tweeted that when Tron becomes the dominant crypto platform he will build a monument in memory of ethereum. Not to be outdone, Buterin said in a recent interview that he'll lose a "certain amount of hope for humanity" if Tron ever usurps ethereum in market cap or development.

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5. A Toronto-based cryptocurrency trader moved $75,000 to QuadrigaCX hours before the doomed exchange stopped honoring withdrawals. –MARKET WATCH

6. Bank of America CTO Cathy Bessant said she is bearish on the future of blockchain. –CNBC

7. Bitcoin's trading range in March hit a two-year low. –COINDESK

8. Nicholas Weaver, a senior researcher at the International Computer Science Institute at Berkeley, called cryptocurrency "bovine excrement". –CCN

9. Quartz highlights some ways to tell if an exchange is goosing its volume numbers, including an increase of buy and sell orders that appear in pairs. –QUARTZ

10. Experts don't see bitcoin as an alternative to Visa – yet. –NEWS BTC

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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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