📌 Facebook Takes Aim at Bitcoin, Crypto Twitter Stars, and the Best Time to Buy

MUST READS  Facebook Hoping to Succeed Where Bitcoin Failed Nathaniel Popper at The New York Times reports that Facebook is hard at work on a cryptocurrency that will "succeed where Bitcoin failed." The details are sparse, but without a doubt, Facebook is interested in implementing blockchain technology in some regard. According to multiple anonymous sources (because of confidentiality agreements), the company is working on a coin that users of WhatsApp (which Facebook owns) could send to friends and family instantly. A big question for Facebook: how much control will it retain over the cryptocurrency it is creating? For now, it appears FB is trying to make the system decentralized to some degree, creating a coin that could be transferred outside the FB ecosystem. Nevertheless, here's Ari Paul on how the upcoming Facebook-coin could drive BTC adoption.   Coinbase Responds to Neutrino Acquisition... Again The past couple of weeks have been filled with news surrounding Coinbase's controversial acquisition of blockchain analytics company, Neutrino and its ties to Hacking Team which sold surveillance and intrusion tools to international governments with dubious human rights records. Some existing Coinbase users are going as far to #DeleteCoinbase. So this week, CEO of Coinbase, Brian Armstrong, took to Medium to explain why Coinbase acquired Neutrino and exactly what they are doing about the former employees.   BlockFi Offers Crypto Deposit Account With 6% Interest... What Could Go Wrong? Cryptocurrency lending startup BlockFi has launched a crypto deposit account that provides an annual interest rate of 6 percent, paid on a monthly basis in cryptocurrency. Sound too good to be true? Well, crypto Twitter was quick to respond with why investing with BlockFi might not be the best idea. Here are a couple favorites: Ian Fisch (here), and AlphaZeta (here).    SPONSORED  Why Firing Your Internet Provider Could Save You $19,494 A brand-new technology – code named "Halo-Fi" – could kill off your overpriced cable company for good... beaming lightning-fast internet to your home for an estimated $7 a month. Want to stop cutting checks and start cashing them? Click here for more details…  DEEP DIVE  Chris Burniske on the Best Time to Buy & Build Tokens Just another contrarian hot take from Chris Burniske on how we got it all wrong during 2017's bull market... and how we're still getting it wrong throughout today's bears market. "Don't let the tokens that aren't working, and never were going to work, distract you from the tokens that were thought through thoroughly from inception and are showing signs of working." TL;DR – Quit writing off OG altcoins due to their current bear market price levels.   Messari's New Look & 20 Rising Crypto Twitter Stars For the common CoinSnacks deep sea diver, we wanted to share a couple helpful resources that stumbled across our desks this week: 📡 The Messari database got a facelift (new search feature) last week that makes it easier to learn more about the thousands of people, organizations, and prominent projects in today's cryptosphere. What projects does Vitalk Buterin advise?... What tokens has Blockchain Capital invested in? Start taking advantage of their new search page.   ✊ Second, courtesy of hive.one (previously known as cryptoinfluencers.io), here are the hottest and most trending crypto Twitter stars so far this year and in 2018. Crypto Twitter is filled with a lot of junk these days. Give props to these guys for dispelling all the myths and confusion week-by-week.  SPONSORED  John Boehner Makes Shocking Marijuana Prediction... What Does it Mean for Investors? At the American Cannabis Summit - the first-ever nationwide event for cannabis investors - former Speaker of the House, John Boehner, revealed why he's going all-in on marijuana... and laid out a plan for exactly how ordinary Americans can make a fortune from this hundred-billion-dollar industry. To see a special rebroadcast of this historic event, click here.  REGULATORY FRONT  Opinion: No, Venezuela Is Not Becoming a Bitcoin Nation In recent months, there's been a ton of reports about how Bitcoin is going to save Venezuela. We even highlighted a New York Times article last week about a man using Bitcoin to "save his family." But José Rafael Peña Gholam, who is based in Caracas, Venezuela has written an opinion piece in which he asks the public to not overstate the power of Bitcoin in Venezuela. He also asks crypto campaigns to stop using the countries crisis to attract attention. "Bitcoin can play an important role for some people in Venezuela, but cryptocurrency adoption is not massive and should happen in a more organic way. A lot of foreign crypto enthusiasts simply don't understand our country. Don't try to fit Venezuela's crisis into your favorite crypto narrative."   Will Fiat-Backed Stablecoins Pass Legal Muster with the SEC and CFTC? Most people assume fiat-collateralized stablecoins are safe from regulatory scrutiny, but the SEC & CFTC may not agree. Our favorite ELI5 defense attorney Jake Chervinsky wrote about how stablecoins might be viewed as regulated securities or swaps... and what that could mean for the industry.    TWEET THREAD OF THE WEEK  Other Articles You May Enjoy [Advanced] Algorithmic trading in crypto   Did Starbucks receive equity in Bakkt?   Square brought in over $166M through bitcoin sales last year   Quadriga crypto mystery deepens with 'cold wallets' found empty   College kids are using campus electricity to mine crypto   London Stock Exchange invests in startup behind world's first cryptocurrency bond   a16z: Past, present, future: from co-ops to cryptonetworks   Global demand for blockchain engineers is up 517% The CoinSnacks weekly digest is a manually curated newsletter that delivers fresh content covering cryptoassets and the evolving blockchain community for investors around the world. The digest is curated by CoinSnacks employees and sent once a week. 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Litecoin Price / Satellite Messages / Parity Hope / Drones

Subscribe | View in browser $BTC (1:12 p.m. EST): $3,900.58 (0.34%) // 90-day high: $4,238.41 // 90-day low: $3,286.14 / / More… $BCH ABC (1:12 p.m. EST): $133.15 (0.16%) // 90-day high: $218.09// 90-day low: $80.95 // More… $ETH (1:12 p.m. EST): $138.41 (0​​​​.84%) // 90-day high: $160.13 // 90-day low: $86.08 // More… $LTC (1:13 p.m. EST): $55.30 (4.32%) // 90-day high: $52.69 // 90-day low: $22.09 // More… $XRP (1:13 p.m. EST): $0.31 (0.80%) // 90-day high: $0.43 // 90-day low: $0.28 // More…       1. The price of litecoin surged more than 14 percent on some exchanges Tuesday as the overall cryptocurrency market gained about $6 billion in market capitalization. Litecoin's price increase coincided with the Venezuelan government's announcement that it will allow cryptocurrency remittance services. The remittance can only be settled with bitcoin and litecoin through the Remesas platform. It allows individuals living outside the country to settle payments with recipients in the Bolivarian Republic of Venezuela. –AMB CRYPTO       2. The Blockstream satellite lets people send a message into outerspace for $0.03 in bitcoinwith the launch of spacebit.live. As expected, the messages express a range of – umm – creativity. One user wrote a poem to the Lightning Network, another sent Pepe the frog, while another wrote lines of gibberish followed by the handle for "Dandarkpill," a crypto Twitter member who disappeared from the social site a few weeks back. The messages are sent across the world but also out into the unknown, essentially a cosmic "message in a bottle" as Coindesk writes. Have you sent a message via the Blockstream satellite? Let us know what you wrote and why by hitting reply to this email. –COINDESK       Ad Rainmakers- The leading recruiting platform for top tech salespeople Awesome tech companies like Looker, Algolia, JFrog, BuildingConnected, Five9, Handshake and Affinity build high performing, diverse sales teams using Rainmakers. Utilize the latest sales sourcing technology and hire high quality, diverse sales talent with Rainmakers. 3. Parity CEO Jutta Steiner believes the recent ethereum hard fork could help unfreeze the more than $60 million in ethereum the company accidentally locked in 2017. Steiner argues the Constantinople hard fork, which included the CREATE2 upgrade, would have prevented her company from freezing the digital coins had it existed back then. "So if you think now, okay, we introduced and sort of fixed the tooling, then wouldn't it be the right thing to do to also fix the issues that arose when we didn't have the tooling?" she said. Ethereum developers have rejected pleas to create a hard fork that would unfreeze the coins, arguing it is not in the best interest in the ethereum community as a whole. –FORTUNE       4. Red Cat announced a second Beta of its drone data platform, which stores flight data on the blockchain to guarantee immutability. Red Cat's platform acts in a similar way to the black box on standard aircraft that tracks data about the flight. "People want to be able to have some accountability and trackability to be able to start utilizing our information, whether it's regulators or insurance companies, guys that have to write checks if you do a lot of damage," CEO Jeff Thompson said. Red Cat's platform could be helpful in the case of a crash or security incident, such as when a drone shutdown Gatwick Airport in London last year. –TECH CRUNCH       Ad Get Access To The Boss Cryptocurrency Trading Course - For FREE In This Free Course You Will Learn: - The exact trading strategy we used to win in 2018 - How to stop the seemingly endless cycle of losing money, forever - How to do it all trading less than 4 hours per week This course is 100% free for this week only. GET ACCESS NOW!   5. Eugene Kaspersky, the billionaire CEO of Kaspersky Labs, called bitcoin a "brilliant innovation" but said the world is not ready for cryptocurrency just yet. –CCN 6. Federal agencies spent more than $6 million for blockchain analysis last year. –THE BLOCK CRYPTO 7. Coin Telegraph offers a detailed analysis of the cryptocurrency market in Japan that can best be summed up by saying "it's complicated." –COIN TELEGRAPH 8. More than 50 percent of miners voiced support for ProgPow, also known as Programmatic Proof-of-Work, which would reduce the control of ASIC miners over the ethereum network. –AMB CRYPTO 9. BlockFi, a crypto wealth management and lending company, launched an account that pays 6 percent annual interest with cryptocurrency. –COIN TELEGRAPH 10. Coinbsae recently hired Luke Youngblood, formerly a principal solutions architect at Amazon Web Services, to develop staking and governance solutions for its crypto custodial services. –THE BLOCK CRYPTO       Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon. Editing team: Kim Lyons (managing editor at Inside, a Pittsburgh-based journalist with recent bylines in the NYTimes and Columbia Journalism Review.) and Susmita Baral (senior editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).       Ad A reimagined Jira Software. Simpler and more powerful than ever before. Learn more. Vettery is changing the way people hire and get hired. Learn more.

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