Friday, May 3, 2019

Facebook Cryptocurrency / Microsoft and JPMorgan / Follow Friday @ARJUNBLJ / Bitcoin Crosses $5,700

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$BTC (11:38 a.m. EST): $5,816.48 (5.79%) // 90-day high: $5,865.88 // 90-day low: $3,391.02 / / More

$BCH ABC (11:38 a.m EST): $292.85 (7.05%) // 90-day high: $342.87// 90-day low: $111.84 // More

$ETH (11:39 a.m EST): $168.93 (4.76%) // 90-day high: $184.38 // 90-day low: $102.93 // More

$LTC (1:16 p.m EST): $79.34 (7.72%) // 90-day high: $97.50 // 90-day low: $32.54 // More

$XRP (1:16 p.m EST): $0.30 (1.91%) // 90-day high: $0.37 // 90-day low: $0.28 // More

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1. Facebook is in talks with Visa and MasterCard about potentialy supporting the social giant's native cryptocurrency. Leaders of Facebook's cryptocurrency project - codenamed Project Libra - want users to be able to pay for merchandise on partner websites outside of the Facebook ecosystem. To help do this, Facebook reportedly wants Visa, MasterCard and a number of yet-to-be named ecommerce companies to invest in its stablecoin This will be a potential boom for cryptocurrency adoption as Facebook has 2.32 billion monthly active users. Facebook's coin will also be used to send remittances back and forth between users on Whatsapp. -WALL STREET JOURNAL

Facebook courting partners for stablecoin
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2. Microsoft is partnering with JPMorgan to power its ethereum-based Quorum blockchain. As part of the deal, Microsoft will make Quorum available on its cloud computing platform, Azure. Quorum will be the first distributed ledger available on Azure's blockchain service. This partnership will make it easier for new developers and existing customers, such as Starbucks and Louis Vuitton, to build applications on the underlying blockchain technology. Microsoft Azure is seen as the second largest cloud service offering available for enterprises, trailing only Amazon Web Services. -BUSINESS INSIDER

Microsoft partnering with JP Morgan
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3. Follow Friday: Arjun Balaji., @ARJUNBLJ : Balaji is a crypto investor who drops frequent nuggets of highly detailed analysis on his Twitter feed. Earlier this year, Arjun penned his Crypto Theses for 2019 where he made predictions on bitcoin, ethereum, and how the overall cryptocurrency market will fare in 2019. Medium has it pinned as a 31-minute read so find your favorite reading chair and dig in. And make sure to follow his feed for his latest insights.

Gold researcher tears down crypto
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4. Bitcoin crossed $5,700 earlier today to set a 5-month high. With the rise in price, Bitcoin's market cap exceeded $100 billion for the first time since November 18. Bitcoin's surge has propelled the rest of the cryptocurrency market, as nearly $10 billion in value has been added to the entire cryptocurrency market cap in the last 24 hours. It's not clear what triggered this rally but the $6,000 price point is the next psychological resistance barrier for traders. -COIN DESK

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5. The Ethereum Foundation announced that code for the protocols Proof-of-Stake Blockchain will be finalized next month. -COIN DESK

6. A former minority owner of the NFL's Minnesota Vikings was indicted by the N.Y. AG for his participation in an unlicensed money transmitting operation tied to cryptocurrency trading. -BLOOMBERG 

7. The website GotSatoshi.com promised to have a "live unveiling" of Satoshi Nakamoto when its new countdown clock runs down in 10 days. What exactly they plan to unveil is still unknown. -CRYPTOCURRENCY NEWS

8. Coinbase has added support for often the ridiculed cryptocurrency, dogecoin. -COIN TELEGRAPH

9. ICE backed cryptocurrency platform Bakkt acquired digital assets at a presumed discount during the crypto winter. -ETHEREUM WORLD NEWS

10. The World Gold Organization responded to an ad campaign from Grayscale Investments, which stated cryptocurrency is more valuable than gold, replying that gold is less volatile, has a more liquid market and trades in an established regulatory market . -GOLD

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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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