Market Watch / Libra Receives Backing / Follow Friday / Binance Bans U.S.

Inside Bitcoin presented by Airbnb.

Presented by Subscribe | View in browser 1. Market Watch: Bitcoin is the only asset in the top 5 with a positive change over the past 24 hours. BNB coin is down 6 percent on news that Binance is shutting off access to U.S. based traders.  Bitcoin: $8,415.36 (⬆️ 2.36%) // $149.45 billion market cap. Ethereum: $257.32 (⬇️ 1.03%) // $27.4 billion market cap. XRP: $0.39 (⬇️0.50%) // $16.8 billion market cap. Litecoin: $127.78 (⬇️ 3.23%) // $7.9 billion market cap. Top 100 Winner: KuCoin Shares: $1.49 (⬆️ 18.83%) // $133 million market cap. Top 100 Loser: Aurora: $0.02 (⬇️ 39.96%) // $183 million market cap. Prices are as of 2:52 EST.       2. Facebook's cryptocurrency Libra received backing from Visa, Mastercard, Paypal, and Uber. These companies, along with a suite of others, will invest $10 million each to operate a node that will govern the new cryptocurrency. Libra will be tethered to a basket of fiat-based currencies to avoid wild swings in price that cryptocurrencies currently experience. Facebook will release its white paper next week that will explain how Libra will function. - WALL STREET JOURNAL       A MESSAGE FROM AIRBNB Earn money by sharing your space. Millions of travelers stayed in an Airbnb last year. Turn your extra space into extra money. 3. Follow Friday: Tushar Jain a managing partner at Multicoin Capital, a thesis-driven crypto asset investment fund. Tushar is an original thinker who often tweets contrarian views involving cryptocurrency. Many spectators and a few within the cryptocurrency industry labeled cryptocurrencies use case as digital gold. Tushar created a tweet storm that tore into that narrative and forces everyone to think bigger: 1/ It's time for the blockchain industry to think beyond the "digital gold" thesis. 2/ We believe the largest near term opportunity for blockchain tech is open finance. The key innovation enabling open finance is the modularization of financial primitives. By modularizing financial primitives, the open finance stack commoditizes trust & lowers barriers to entry. 3/ Anyone is able to build a business on top of open finance protocols. Protocols will not serve consumers directly, we expect that protocols will primarily be backends to businesses who navigate local regulations, acquire local customers, and provide localized service. 4/ The second opportunity for blockchain tech is Web3. Web3 is based on unbundling of data ownership and application logic. There is no reason that the application you are using must own the data you put into it. Eg: Instagram does not need to own your photo data to function. 5/ In the Web2 model, companies control closed databases and own user data. In the Web3 model, users own their own encrypted data, and interact with one another using cryptographically signed messages on smart contract platforms that act as open, programmable ledgers. 6/ Continue to read Follow Tushar to get original thinking and links to his thought-provoking articles that he frequently posts on Multicoin's company blog.       4. Binance shut down access to the platform for U.S. based individual and corporate traders. This news follows the announcement that Binance will be creating a separate fully compliant trading exchange for U.S. based traders. In a blog post Binance said, "After 90 days, effective on 2019/09/12 [12th September 2019], users who are not in accordance with Binance's Terms of Use will continue to have access to their wallets and funds, but will no longer be able to trade or deposit on Binance.com." - COIN TELEGRAPH       A MESSAGE FROM LINODE An Introduction To Linux Administration Whether you're just getting started with hosting or deploying a complex system, we have created a quick guide that includes information on everything you will need to get you started. Read the free guide now. 5. Nevada Governor Steve Sisolak signed four blockchain bills. - COIN DESK 6. Google announced a partnership with Chainlink allowing public data to be integrated within the Google cloud. - FORBES 7. Rhode Island issued a request for applications that show how blockchain technology could improve state government operations. - COIN DESK 8. The coffee supply chain business is adopting blockchain technology for tracking coffee from the farm to the cup. - FREIGHT WAVES 9. JPMorgan listed a job description for someone with knowledge of scaling bitcoin solutions. - YAHOO 10. The Bitcoin network emits as much carbon in a year as the city of Las Vegas. - CBS       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), David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology), and Bobby Cherry (senior editor at Inside, who's always on social media).

We're Hiring! Learn more. | Sponsorship opportunities Copyright © 2019 Inside.com, All rights reserved. Our mailing address is: Inside.com 767 Bryant St. #203 San Francisco, CA 94107 Did someone forward this email to you? Head over to inside.com to get your very own free subscription! You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.