Wednesday, May 29, 2019

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📌 What’s Driving this Bull Market, Facebook’s ‘GlobalCoin’, and Dapp Struggles

 MUST READS 

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.
 

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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
 

 DEEP DIVE 

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.
 

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 REGULATORY FRONT 

📡 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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Congressional Research Service / Samani Talks Ethereum / BTC In Excel / Salesforce Blockchain Platform

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$BTC (4:00 p.m. EST): $8,689.53 (-0.24%) // 90-day high: $8,907.17 // 90-day low: $3,733.75 / / More

$ETH (4:00 p.m. EST): $271.84 (-0.01%) // 90-day high: $278.51 // 90-day low: $125.40 // More

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1. In a report, the Congressional Research Service noted that bitcoin usage is meager compared to traditional non-cash payment systems like credit, debit, ACH, Venmo, Apple Pay and check payments. A finding in the report stated that the price of bitcoin does not reflect usage or its overall demand. The CRS said, "For example, in 2019 through March 12, the Bitcoin system averaged about 310,000 transactions per day globally, a pace that would result in about 113 million transactions per year." In 2015 non-cash payments totaled more than $144 billion. -ROLL CALL

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2. Multicoin Capital co-founder Kyle Samani penned an article on the current state and future of ethereum. Samani noted that because of current limitations that include latency, throughput, and cost constraints, Ethereum cannot scale and support applications that developers want to build. However, Samani pointed out a few key points on how ethereum can keep its monetary premium in the current and future crypto ecosystem. 

  • The security budget for the Ethereum ecosystem as a whole grows.
  • Liquidity increases, making it easier for market participants to utilize ETH.
  • The power of the single schelling point that is the Ethereum blockchain grows (e.g. brand value, integrations with 3rd parties). -MULTICOIN CAP
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3. From The Forums: Redditor mtimetraveller posted a screenshot showing bitcoin as an option in Microsoft Excel. As an option in the dropdown Symbol category, users will be able to presumably calculate their BTC gains and losses within the spreadsheet. With the top-ranked comment in the thread, Metamillan responded to the post by joking, "Bitcoin partnership with Microsoft confirmed."

From The Forums: BTC In Excel
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4. Salesforce released a blockchain platform for developers to create blockchain networks and share distributed data across partner and third-party networks. Built on Hyperledger Sawtooth, Salesforce Blockchain will consist of three components that will allow developers to build blockchain applications, integrate blockchain actions directly with applications and invite inside or third-parties to the blockchain application. In a conference call with reporters, Salesforce president, and CPO Bret Taylor said, "We help companies build for the future by making breakthrough technology accessible and easy to use — today we are doing just that with Salesforce Blockchain. Now, companies will be able to create new ecosystems and achieve new levels of interconnectivity through trusted partner networks." -VENTURE BEAT

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5. EOS passed litecoin to become the fifth most valuable cryptocurrency with a market cap of $7.4 billion. -AMB CRYPTO

6. Honeywell integrated blockchain technology into its used aircraft marketplace to speed up transactions and bring transparency to the origin of parts and certification. -WALL STREET JOURNAL

7. IBM's head of blockchain Jesse Lund is leaving the company. -CRYPTO CURRENCY NEWS

8. Tezos is going to undergo its first on-chain blockchain update to reduce the number of tokens needed to become a baker on the platform. -COIN DESK

9. Bitcoin SV is up over 50% in the last 24 hours reaching $180 as a fake news article spread that said Craig Wright transferred Bitcoin from the biggest BTC wallet to Binance. -CRYPTO POTATO

10. Barclays Bank invested in Crowdz, a blockchain-based B2B payments startup focused on the global receivables market. -COIN DESK

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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) and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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