Wednesday, August 28, 2019

📌 Telegram's 'Gram', Crypto Education in 2019, and China's Cryptocurrency

MUST READS

The Bitcoin Price Just Did Something It's NEVER Done Before

Bitcoin has been hawked as a safe haven asset for quite some time now, with bulls crediting the rising price of the cryptocurrency in 2019 to macroeconomic uncertainties and geopolitical tensions arising out of the US-China trade war.

Recent price action suggests that bitcoin might finally be operating as a real-time macroeconomic hedge, as pointed out by economist and trader Alex Krüger.

Binance Enters Lending Space, Offers Interest-Earning Opportunities for BNB, ETC and Tether

Binance is launching a lending business in its bid to attract customer deposits.

Users will be able to lend Tether (USDT), Ether Classic (ETC) and Binance Coin (BNB) for a 14-day fixed maturity term to earn interest.

Binance Lending will be available for customer subscriptions starting Aug. 28, on a first-come, first-served basis.

Telegram Pushes Ahead With Plans for 'Gram' Cryptocurrency

While Facebook's big cryptocurrency plans have hit a wall with regulators, another big social network, Telegram, is charging ahead with its own digital currency.

Telegram has told investors that it is planning to send out the first batches of its coin, the Gram, within the next two months.

The 5G Device Every American Must Have This Year

A groundbreaking new technology is expected to be in every household in America by the end of this year… This technology has the potential to make over 266 million smartphones become obsolete, forcing nearly every American to switch over to this new "5G Device".

Learn more about it in this video.

DEEP DIVE

Bitcoin for Safety

Experimental monetary policies and high leverage is going to blow up economy. But Bitcoin is here to help. Without panicking, take some time and read this very interesting take on global finance including every nightmarish chart you can think of... and how Bitcoin fits into the picture.

🍎 The 2019 Leaders in Crypto Education

In their latest report, Coinbase outlined findings about rising student interest in crypto, and an increasing number of courses focused on blockchain, cryptocurrencies, and Bitcoin. This interest in studying crypto at colleges and universities speaks volumes about the future of money.

A few key highlights:

Twice as many students report having taken a crypto or blockchain course than they did in 2018
Cornell University leads the way
56% of the world's top 50 universities now offer at least one course on crypto or blockchain (up from 42% in 2018)

Where Stablecoins are Headed

Linda Xie shares a great primer on stablecoins (tokens that are pegged to the dollar, or some other stable instrument), highlighting the different types of stablecoins and trade offs between them.

REGULATORY FRONT

Judge Recommends Ruling in Favor of Kleiman in Craig Wright Case

Almost everyone in the crypto community saw this coming... and a judge on Monday just made it official. Wright, the self-declared inventor of Bitcoin, must forfeit half his crypto mined prior to 2014 to Ira Kleiman as well as half his intellectual property. Additionally, Wright is ordered to pay the attorney's fees and related expenses incurred in this motion.

🇨🇳 China to Launch Government-Backed Cryptocurrency in November

The world's second-largest economy in terms of annual GDP, China, may launch its very own state-backed cryptocurrency and issue it to seven institutions in the coming months. Reports claim the technology behind the cryptocurrency is already prepared and that it could launch as soon as November 11th.

🏴󠁧󠁢󠁥󠁮󠁧󠁿 Bank of England Governor Suggests a Libra-Like Currency Should Become the world's reserve currency

Mark Carney laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve currency with a Libra-like virtual one.

In layman's terms, he's saying: "Technology has the potential to destroy the dollar's network effect." h/t @TuurDemeester