Facebook to Roll Out 'GlobalCoin' Cryptocurrency in 2020
Social media giant Facebook is set to roll out its own cryptocurrency dubbed "GlobalCoin" in 2020, according to a report from the BBC.
The imminent project has been one of the most talked about stories of 2019... and should significantly increase user adoption and awareness.
| | 😿 CryptoKitties and Dice Games Fail to Lure Users to Dapps
The creation of decentralized apps, or dapps, has been one of the most hotly anticipated developments of blockchain. Investors have poured billions of dollars into the effort. The only problem? They don't have any users.
| |  | How to Earn 130x What Traditional Banks Offer Massive adoption is closer than we think. The leading crypto lending provider Nexo now offers you the ability to earn risk-free interest of 6.5% per year on your USD. That's up to 130x what traditional banks offer you! If you do not hodl USD, you can easily get the same high-yield passive income depositing major stablecoins like USDT, PAX, USDC, and TUSD into your secure Nexo account. Start Earning Now | | Remittance Market — Primer and Landscape
The remittance market (the sending of capital between two countries) is a large (~$600B) existing market that many crypto companies are trying to disrupt. So far though, none have gained any meaningful market share.
Here, founder of RelayNode, Chris McCann, writes a long-form post looking at the dynamics of the remittance market, why incumbents are winning, and how crypto companies can address this growing market.
| | 'Big Money' is Accumulating Bitcoin and is Driving Current Bull Market
As Bitcoin prices cross $8700, the number of "firm size" addresses – those with 1,000–10,000 BTC – have been increasing, according to Diar.
In total, as much as 450,000 BTC have been accumulated by "firm size" addresses in under 9-months.
Retail size wallets (0-100 BTC) have also seen a 126,000 BTC increase and currently hold 38% of the circulating supply. But, according to Diar, retail size wallets have unlikely been the cause of the most recent price spikes.
| | The Past & Future of Blockchain: Where We're Going and Why
What follows is a brief summary of where the blockchain industry has come from over the past 10 years, where it's headed over the next 10 years – and a lens to help understand why. It's lighter on the deep-history and heavier on the more recent and forward-looking perspective.
| | 📡 Interpreting Recent Signals from US Regulatory Agencies
Circle Research highlights how recent signals from U.S. regulators are creating an uncertain environment for crypto assets, prompting projects to take actions that many find deeply frustrating.
Call these regulatory headaches anything you want, but here's, from the mind of Fred Wilson, why they resembles something much more serious.
| | US Copyright Office Says It Does Not 'Recognize' Craig Wright as Satoshi
Early last week, the controversial Craig Wright was awarded US Copyright registrations for the Bitcoin Whitepaper (known to be written by the one and only Satoshi Nakamoto).
On the same note, there was plenty of clamor suggesting that the US government officially recognized Wright as Satoshi. As a result, Bitcoin SV (BSV) skyrocketed, jumping nearly 100% in a matter of hours.
Lo and behold: That wasn't exactly true.
The US Copyright Office just issued a press release to dispel the notion that it recognizes Craig Wright as the creator of the Bitcoin (BTC) Protocol...
"The Copyright Office does not investigate the truth of any statement made."
Rest assured there will be more to this story...
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