Friday, April 5, 2019

Bitcoin Future / Lightning Torch to End / XRP Rating / Real Estate

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$BTC (3:41 p.m. EST): $5,021.59 (3.04%) // 90-day high: $5,156.44 // 90-day low: $3,286.14 / / More

$BCH ABC (3:41 p.m. EST): $292.92 (4.82%) // 90-day high: $332.82// 90-day low: $80.95 // More

$ETH (3:41 p.m. EST): $164.04 (​4.98%) // 90-day high: $181.11 // 90-day low: $86.08 // More

$LTC (3:41 p.m. EST): $88.09 (6.68%) // 90-day high: $93.66 // 90-day low: $22.09 // More

$XRP (3:41 p.m. EST): $0.36 (9.16%) // 90-day high: $0.43 // 90-day low: $0.28 // More

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1. The price of bitcoin and other leading cryptocurrencies has seemed to settle following this week's furious bear run. With the world's leading digital coin now trading at around $5,000 there is lots of speculation about what will happen next, but no consensus. Just look at these two competing stories: Cole Peterson at News BTC reports that a technical indicator shows bitcoin will surge nearly 200 percent in the coming weeks; on the other hand, Vildana Hajric reports at Bloomberg that another technical gauge indicates bitcoin is overbought and ready for a drop. –BLOOMBERG

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2. The Lightning Torch will soon burn out after participation from hundreds of recipients. The torch is a hard-coded transaction that has a limit of about $170. Each torch bearer has added about 30 cents each time it is passed, causing its value to increase over time. Based on the limits of lightning channels, the torch can only be sent about 12 more times before it hits the transaction limit. The torch was created to highlight the power and ease of the Lightning Network. –COINDESK

Lighting Torch nears the end
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3. Weiss Ratings named XRP as the best cryptocurrency for adoption and technology. The rating company looked into 120 cryptocurrencies and ranked them according to their technology and the likelihood of success. EOS and Bitcoin were also at the top of the list, along with ethereum. The rating comes a little bit as a surprise after Weiss Ratings slammed XRP last year for lack of superior technology. However, Weiss Ratings became impressed with XRP's adaptability and ease of use over the past few months. –ETHEREUM WORLD NEWS

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4. Barclays and Royal Bank of Scotland joined a trial to use blockchain to streamline real estate purchases. The trial involves 40 companies and uses a tool from Instant Property Network, which uses enterprise blockchain group R3's Corda platform. The hope is that the system could simplify real estate for the end customer. –COIN TELEGRAPH

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5. Bitcoin whales moved $197 million in BTC across 22 separate transactions. –DAILY HODL

6. Decrypt Media has an interesting interview with some ethereum miners, who largely have no loyalty to the blockchain – they just want to make money. –DECRYPT

7. Litecoin's price may be benefitting from some FOMO. –NEWS BTC

8. The blockchain is lonely and grey, according to a writer that took a virtual walk in one. –THE NEXT WEB

9. Tether recently posted higher volumes than bitcoin, assuming the volume of both cryptocurrencies is actually accurate. –NEWS BTC

10. Follow Friday: @whalepanda. First off, it is a great Twitter handle – one that was apparently started as a joke – but more importantly offers some great insight into the crypto world, which he also posts to Medium. In a universe with lots of standout characters, @whalepanda continues to be unique.

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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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