Monday, December 9, 2019

5G will explode tomorrow

Editor's Note: Just like with crypto, many big companies and billionaires are investing into the 5G economy. Make sure to take a look at what our colleague David Fessler has to say below regarding 5G and the exciting news around it. This is a time-critical opportunity.
Heads up...

5G will explode tomorrow, December 10.

Tomorrow, according to our friends at the Oxford Club, the largest 5G spectrum auction in American history is expected to take place.

$20.4 billion will start GUSHING into 5G networks... with many, many more billions to follow.

The economic impact of 5G cannot be overstated.

The Washington Post calls 5G "the mother of invention."

And The Wall Street Journal says, "5G will change so much more than your phone."

5G will completely transform...
  • The $1.8 trillion energy industry
  • The $5 trillion agriculture industry
  • The $7 trillion healthcare industry
  • The $22 trillion retail industry
  • The $35 trillion manufacturing industry.
That's $70 trillion altogether!

And one company holds the cornerstone technology that will help make all of this possible.

Without this key tech, 5G won't have a FRACTION of its expected impact.

Get the details now...


Be well,

David Fessler
Contributing Editor to Strategic Trends Investor

P.S. Tomorrow is the big day. This 5G spectrum auction is a watershed event. If you don't get a piece of the action surrounding 5G now, you could miss out on some MASSIVE profit-taking. Get the details on the No. 1 5G stock here.
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December 9, 2019
WALLET LAUNCH: At exactly 12:29 EST on Thursday, a crypto wallet built by developers at SpaceChain hurtled into the stratosphere aboard a Falcon 9 rocket to become the first active bitcoin node on the International Space Station. For SpaceChain, the launch is the first step towards building out a robust, decentralized blockchain infrastructure high above the Earth. Full story

STELLAR TORCH: Stellar has been passing around its own version of bitcoin’s lightning torch to show how easy it is to move money around on the proof-of-stake blockchain. "I wanted something to bring the community together," Wouter Arkink, Stellar torch's instigator, said. "There's a lot of people building, but you need something that is fun and connecting at the same time." Full story

SECURITY LOOPHOLE: Micah Zoltu, an independent software developer, published a blog post on Monday describing a hypothetical attack on MakerDAO that, he claims, could empty all the ether from the system. Though the attack could only be carried out by “whales” with up to $25 million in crypto, it demonstrates a problem with Maker's governance, the researcher says. Full story

ADDED OPTIONS: Three months after launching its long-anticipated physically settled bitcoin futures product, the Intercontinental Exchange’s Bakkt has gone live with its bitcoin options and cash-settled futures contracts. Bakkt said Monday that it's using its physically settled bitcoin contracts as a benchmark to support the new products, which were both announced in recent weeks. Full story

ABRUPT CLOSURE: HBUS, the U.S. affiliate of the Huobi Group exchange, announced Monday it would cease operations in the coming weeks. The company will halt trading services on Dec. 15, while customers have until Jan. 31 to withdraw all assets. The firm offered little explanation for its decision. Full story
GLOOM FOR GOLD: Bitcoin's first golden cross on the weekly chart for over three years is unlikely to attract buyers with broader market conditions still pessimistic. The cryptocurrency risks falling to $7,087, having faced rejection at a bearish hurdle near $7,550. On the higher side, a lower high of $7,870 is the level to beat for the bulls. Full story
BTC IN SPACE: High above any state’s jurisdiction and beyond the reach of physical hardware hacks, SpaceChain launched the first active bitcoin node on the international space station. CoinDesk’s Danny Nelson traveled down to Cape Canaveral to speak with CEO Zee Zheng about the company’s space-based blockchain. Watch now

WHO WON #CRYPTOTWITTER
 

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Lithuania to offer crypto collectible / Brazilian police shut down crypto scam / HBUS to cease operations

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Market Watch: The price of Bitcoin is still within the $7,000 mark zone but according to new analysis could receive a seasonal boost over the coming weeks.

  • ,Bitcoin: $7,608 (⬆️ 0.09%) // $137.6 billion market cap.
  • Ethereum: $150 (⬇️ 0.12%) // $16.4 billion market cap.
  • XRP: $0.230 (⬇️ 0.89%) // $9.9 billion market cap.
  • Tether: $1.00 (⬇️ 0.53%) // $4.1 billion market cap.
  • Top 100 Winner: Energi: $2.70 (⬆️ 13.18%) // $63 million market cap.
  • Top 100 Loser: Enjin Coin: $0.087 (⬇️ 8.26%) // $68 million market cap.

Prices are as of 1:54 p.m. ET.

     

1. Lithuania's central bank will reportedly offer the world's first collectible crypto coin in 2020, which will be dedicated to the nation's 1918 declaration of independence and its 20 signatories. According to a Bank of Lithuania's press release, the bank is planning on releasing 24,000 tokens, which will feature one of the 20 signatories. The tokens will be divided into six categories based on the signatories' area of activity, with 4,000 tokens allocated to them. Giedrius Paulauskis, designer of the digital collector coin, said that he is trying to "attempt a modern take on the historic photograph of the Council of Lithuania that many remember from history books." –BLOOMBERG

     

2. Police in Brazil have shut down an alleged Bitcoin investment scheme that reportedly stole around $359 million. According to a report, an unnamed organization in Sao Paulo, Curitiba, and other regional cities last Thursday were raided, which claimed that as many as 5,000 people could receive high returns on their Bitcoin investments. Victims were targeted through social media and were told to wait as their investments grew three to four percent each day. However, according to police, victims were not allowed to withdraw their money, which subsequently disappeared. Following a four-month investigation, police arrested nine individuals and filed charges of fraud, money laundering, criminal association, and forgery against the group. –COIN DESK

Brazilian police shut down Bitcoin scam
     
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3. HBUS, the operator of U.S.-based crypto exchange Huobi.com, is to cease its operations. In a message posted on Twitter today, the platform noted that it was taking this direction "so that it can return in a more integrated and impactful fashion as part of its ongoing strategic layout." The move follows after a decision by Huobi Global, which saw it freezing all U.S. accounts by mid-November. According to Huobi, it was down to the regulatory environment in America, which forced it to prohibit U.S. users from its platform. –@HUOBI_US/TWITTER

     

4. The South Korean government is planning to tax capital gains on cryptocurrency transactions. The Ministry of Economy and Finance confirmed that it is pushing for a revised bill that will introduce the measure in the second half of 2020. At the same time, the Korean National Assembly is in the process of advancing a related bill that aims to increase transparency in crypto trading. If passed, the new regulations will come into effect a year after the Assembly's plenary session. –THE KOREA TIMES

     
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5. Deutsche Bank has said that crypto could replace fiat money by 2030, stating that the current monetary system looks "fragile." A new report by the financial company, Imagine 2030, notes that if Google, Apple, Facebook, and Amazon or their Chinese counterparts Baidu, Alibaba, Tencent, and Xiaomi are able to overcome regulatory hurdles, it could hasten the adoption of crypto, giving them the potential to replace cash. –THE BLOCK

     

6. Thai immigration officials have arrested 24 Chinese nationals for their alleged involvement in a crypto scam call center. According to the Immigration Bureau of the Royal Thai Police, they arrested 24 people, seized 61 laptops, 424 mobile phones, and several routers. The head of the operation is reported to have hired employees on a three-month basis; however, they were required to hand over their passports. The scammers then lured Chinese investors to purchase Bitcoin but fudged rates to make a profit. –COINTELEGRAPH

     

7. Li Lihui, leader of the blockchain research group at the National Internet Finance Association (NIFA) of China, is of the opinion that China is relying too much on foreign blockchain technology, which is a problem. In a speech, he said that there is a "technical dependence on foreign countries," which "will cause a larger problem in the future." –LEDGER INSIGHTS

     

8. Coinbase-backed Securitize has purchased Japanese company BUIDL, a blockchain consulting firm. According to Securitize, the acquisition will help to boost its presence in Asia. It's hoped that this will bring about an industry that institutional investors feel comfortable to participate in. Jun Hasegawa, CEO of BUIDL, said that the two will "realize the vision of modernizing capital markets with blockchain technology." –DECRYPT

     

9. The People's Bank of China (PBOC) will test its blockchain-based digital currency payments system in the cities of Shenzhen and Suzhou. According to the report, seven state-owned companies - four commercial banks and three telecom companies - will assist the PBoC to conduct the test. The pilot program will focus on commerce, education, medical care, and transportation. –CAIJING

     

10. Crypto platform OKEx will launch crypto options trading on December 27. According to a press release, the addition of the options makes the exchange the "first crypto exchange to offer C2C, spot, futures, perpetual swap, and options trading under the same roof." Real trading will begin on Dec. 27; however, simulated trading is scheduled for December 12. –COINTELEGRAPH

     

This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter.

 

     
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