Wednesday, May 1, 2019

Amazon Managed Blockchain / Blockchain Guidelines / Bitcoin Volume

Inside Bitcoin presented by Melissa.
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$BTC (11:50 a.m. EST): $5,373.25 (0.67%) // 90-day high: $5,642.04 // 90-day low: $3,391.02 / / More

$BCH ABC (11:50 a.m. EST): $268.90 (5.05%) // 90-day high: $342.87// 90-day low: $111.84 // More

$ETH (11:51 a.m. EST): $160.98 (1.00%) // 90-day high: $184.38 // 90-day low: $102.93 // More

$LTC (11:51 a.m. EST): $73.43 (0.93%) // 90-day high: $97.50 // 90-day low: $31.13 // More

$XRP (11:51 a.m. EST): $0.30 (-0.60%) // 90-day high: $0.37 // 90-day low: $0.28 // More

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1. Amazon Web Services made its Amazon Managed Blockchain (AMB) service available to the public. The company's blockchain-as-a-service tools aim to allow businesses to develop their own networks quickly and at a lower cost. Two open source networks that are are available on AMB for developers to build upon are Ethereum and Hyperledger. AT&T, Accenture, and Nestle are major companies that are currently utilizing the use of AMB to build in-house networks. -THE NEXT WEB

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2. The Information Technology and Innovation Foundation released guidelines for policymakers on how to manage blockchain technology. The ITIF is an independent nonprofit that provides policymakers with information and recommendations on how to handle and integrate new technology. The ITIF predicts that the blockchain will integrate with major applications and create new applications including cryptocurrencies, shared data services, smart contracts, decentralized marketplaces, authenticity tracking, and digital identity applications. The ITIF has encouraged governments to support legitimate blockchain innovation and to create and implement clear blockchain guidelines and regulations. -COIN TELEGRAPH

ITIF released blockchain recommendations
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3. The U.S. Department of Justice has charged two individuals with running a shadow banking service for cryptocurrency exchanges. Reginald Fowler and Ravid Yosef opened bank accounts at multiple U.S. based banking institutions and processed hundreds of millions of dollars of unregulated transactions on behalf of multiple cryptocurrency exchanges. The two skirted anti-money laundering and know-your-customer regulations that are supposed to ensure the banking system is not used for criminal purposes. -BLOOMBERG

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4. On-chain transactions for bitcoin has now risen for three straight months, hitting highs not seen since April 2017. More than $139 billion worth of bitcoin moved on-chain last month, a total similar to June 2018 when the price of bitcoin was near $7,000, about 35% higher than today. -DIAR

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A MESSAGE FROM ASANA

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5. The Food and Drug Administration is considering implementing blockchain technology internally and industry-wide to track food and supply chains. -COMPUTER WORLD 

6. Ethereum co-founder Charles Hoskinson launched an enterprise blockchain framework with the Ethiopian Government. -FORBES

7. Wirex to partner with Stellar and launch 26 fiat-backed stablecoins to be used with Wirex debit cards. -BRAVE NEW COIN

8. Editional launched as an iPhone app to allow anyone to create non-fungible tokens and digital collectibles to prove digital ownership. -DAILY HODL

9. Nayuta launched a lightning network product to connect the Internet of Things to the bitcoin main net. -COIN DESK

10. Jargon Watch: Halving: Halving is a programmed reduction in the block reward given to cryptocurrency miners once a certain number of blocks have been mined. The bitcoin block mining reward halves every 210,000 blocks and the reward will decrease from 12.5 bitcoin to 6.25 bitcoin on May 23, 2020, meaning this term will be used more and more in the coming months. Many speculate that the price of bitcoin will increase after the halving, as the supply of bitcoin will decrease and supposed demand will increase. During the last halving in July 2016, the price of bitcoin did not skyrocket because the halving was anticipated and many speculate that the projected price increase was already priced in. Satoshi Nakamoto created halving as a way to battle inflation.

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Written and curated by Darren Webb. He created Currencylists and has worked in marketing roles for a multitude of cryptocurrency and blockchain projects since 2014. Based in NYC, Darren loves to read and continue to learn about cryptocurrency and emerging technology in his spare time. You can find him on Twitter @Dwebbny.

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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