Wednesday, March 20, 2019

📌 Bitcoin Roadmap for 2019, Blockchain Lobbyists, and Into the CØSMOS

 MUST READS 

The Bitcoin Bank Back from the Dead with Billions at Stake


The notorious Tokyo-based crypto exchange, Mt. Gox, collapsed in 2014 after losing $400 million. Five years later, it's worth $1.2 billion and everyone wants a cut.

Join us in unwinding the sordid tale of a well-meaning, cat-loving, computer coding French genius, and a unicorn-loving Silicon Valley visionary and how they came to be waging a Harry Potter-esque and very public battle over the company that would not die.
  • 🏆 The prize: $1.2 billion worth of assets
  • 😡 The stakes: the hard-earned savings of thousands of people
     

CBOE Halts Bitcoin Futures, Considering Conceding Market to CME


The CBOE Futures Exchange has decided to not add a bitcoin (XBT) futures contract for March. The move comes at time when bitcoin trading volumes have seen more than 80% declines since early 2018.

While it may seem like a bearish headline at first, it's important to recognize that the CBOE has been getting out right crushed in terms of volume by it's rival, CME, for quite a while now.
 

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 DEEP DIVE 

Into the CØSMOS: Investment Thesis


The biggest splash, by far, in this week's realm of crypto news was the mainnet launch of Cosmos – the highly anticipated project promising blockchain interoperability.

The mission-driven Cosmos team has been heads down building for the past 4+ years and has the potential to push the entire cryptocurrency industry forward by enabling cross-chain token interoperability and a scalable infrastructure with instant finality and a better UX for dApp developers.

Want to learn more? Here's Proof-of-Work on how Cosmos could be a massive power-up for BTC... and Spencer Noon on why the Ethereum community has already given their stamp of approval.
 

3 Moments in History that Explain the ICO Bubble


We can safely say the ICO bubble is over now. So let's take moment to reflect. In this deeeep dive, Haseeb Qureshi examines three major moments in history (p2p file sharing, 90s penny stock boom, Dotcom era) that illuminate three separate social dynamics that were at play in the recent ICO frenzy.
 

Bitcoin Roadmap for 2019: Schnorr, Dandelion, and More


Thanks to a vibrant developer ecosystem, bitcoin's protocol has been steadily improving year after year.

But we shouldn't lose track of it. Investors need to be aware of significant update proposals as major changes to BTC could potentially impact the price. Additionally, contentious proposals could even lead to hard forks (as the SegWit2 proposal inspired the creation of Bitcoin Cash).

So, without further ado, here's your investor's guide to this year's bitcoin technical roadmap...
 

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Is This America's Next Big Bankruptcy?


The man who predicted the collapse of GM, Fannie Mae, Freddie Mac, and more says the next big bankruptcy is going to catch everyone by surprise - and has a stunning twist that will dramatically affect you and your money.

Multi-millionaire issues this serious warning here…

 REGULATORY FRONT 

Inside the Blockchain Lobbying Boom


Lobbying on cryptocurrencies and the blockchain technology underpinning them is a niche but growing industry Politico reports. The number of entities that reported lobbying on blockchain issues has nearly tripled over the past year, from a dozen in the fourth quarter of 2017 to 33 in the final quarter of 2018.
 

Electronic Cash, Decentralized Exchange, and the Constitution


Next generation cryptocurrencies are already here and we can expect robust privacy to be built into all public blockchains eventually. Intermediaries will have less information. So what does this mean for financial surveillance? This report lays out why any attempt to extend financial surveillance requirements to developers of cryptocurrencies is a non-starter.

Peter Van Valkenburgh spoke about the paper at the recent MIT Bitcoin Expo. You can watch the panel, beginning at 4:15:00, here.

 

 TWEET OF THE WEEK 

Other Articles You May Enjoy

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XRP Army Exposed / Alt-Right Extremists / Bitcoin Dominance / Facebook Coin

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$BTC (2:38 p.m. EST): $4,060.35 (-0.28%) // 90-day high: $4,238.41 // 90-day low: $3,286.14 / / More

$BCH ABC (2:38 p.m. EST): $159.32 (-1.94%) // 90-day high: $218.09// 90-day low: $80.95 // More

$ETH (2:38 p.m. EST): $139.42 (-0.69%) // 90-day high: $160.13 // 90-day low: $86.08 // More

$LTC (2:38 p.m. EST): $60.14 (0.05%) // 90-day high: $62.08 // 90-day low: $22.09 // More

$XRP (2:38 p.m. EST): $0.31 (0.90%) // 90-day high: $0.43 // 90-day low: $0.28 // More

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1. The so-called XRP Army, which has worked social media to transform public opinion of XRP, is nothing more than a bunch of bots and fake Twitter accounts, researchers said. The army has grown in recent months, shamelessly promoting XRP use cases and growth. The members, though, are not real users excited about the technology but orchestrated bots working together to simulate grassroots support. Geoff Goldberg, a New York-based researcher, provided evidence in a series of tweets. Goldberg added that he did not know if Ripple was behind the effort but believed it was a strong possibility. –ETHEREUM WORLD NEWS

The XRP Army is a fraud, researchers say
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2. Alt-right extremists love to promote the use of bitcoin, but in this fascinating article from David Gerard, very few of these organizations have used it successfully as a funding mechanism. The subject gained new attention lately when Brenton Harrison Tarrant, the mastermind of the terrorist attack in New Zealand that killed 50 people, said in his manifesto he did well investing in crypto, specifically a collapsed Ponzi scheme called Bitconnect. While this is likely false for reasons Gerard points out, he highlights an obvious, if not sometimes forgotten, truth: "Bitcoin … failed for the neo-Nazis as a funding channel, because cryptocurrency is still too hard to use." –FOREIGN POLICY

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3. The recent rise in altcoin prices may drop bitcoin's market dominance below 50 percent for the first time in seven months. Bitcoin currently accounts for 50.9 percent of the entire cryptocurrency market. That number has fluctuated wildly in recent years. Before 2017, bitcoin accounted for more than 70 percent of the market but fell to 32 percent in early 2018 during the tail end of the crypto boom. It has been above 50 percent since August 11 of last year. Bitcoin has remained relatively stable since December while altcoins – like enjin, binance coin, and litecoin – have all seen significant growth. –COINDESK

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4. Facebook's cryptocurrency could bring the social network as much as $19 billion per year in additional revenue, said Barclays analyst Ross Sandler. In a note to customers, Sandler said he could see a base case of $3 billion in revenue from a successful crypto implementation with the potential for much more. "Merely establishing this revenue stream starts to change the story for Facebook shares in our view," Sandler said. While little is known about the project, others believe the use of blockchain could help Facebook rid its platform of "fake news." –CNBC

Facebook Coin may bring in $19b
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5. Yessi Bello Perez takes an interesting stand at The Next Web, arguing that it is no longer news that large companies accept bitcoin payments, especially if consumers still rarely use the currency. –THE NEXT WEB

6. The hit HBO documentary on the rise and fall of Silicon Valley startup Theranos had a breakout star: Investor Tim Draper's bitcoin tie. –BITCOINIST

7. A Reddit user posted an email from some scammers pretending to be from the CIA. They promise to drop upcoming charges in exchange for bitcoin. –THE NEXT WEB

8. Digitec-Galaxus, known as the Amazon of Switzerland (for whatever that is worth), can now buy goods from the online retailer with cryptos ranging from bitcoin and ethereum to OmiseGo and NEO. –BITCOINIST

9. Bitcoin.com highlights Nash, the next generation of decentralized cryptocurrency exchange that promises improved UX and simplified trading experience. –BITCOIN.COM

10. Bitcoin SV and Qtum partnered with Zeux to allow in-store crypto payments with either Apple Pay or Samsung Pay. –DAILY HODL

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Written and curated by David Stegon who is sad his Temple Owls are no longer dancing. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside) and Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram).

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