Monday, March 30, 2020

Vitalik Buterin's anti-aging research / Jack Dorsey wants Cash App to deliver COVID-19 package / Binance CEO on why they delisted FTX leveraged tokens

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Market Watch: Coin prices at the start of the working week are positive with most coins in the green during trading today. Let's hope this continues long into the week! Where do you think Bitcoin will be trading at by Friday?

Bitcoin: $6,277 (⬆️ 2.13%) // $114.8 billion market cap.

Ethereum: $131 (⬆️ 1.56%) // $14.4 billion market cap.

XRP: $0.172 (⬆️ 0.31%) // $7.5 billion market cap.

Tether: $1.00 (⬆️ 0.05%) // $4.6 billion market cap.

Top 100 Winner: Energi: $1.84 (⬆️ 13.60%) // $50 million market cap.

Top 100 Loser: $Steem: $0.164 (⬇️ 6.69%) // $60 million market cap. 

Prices are as of 12:30 p.m. ET.

1. Vitalik Buterin, co-founder of Ethereum, has suggested more research on anti-aging.

The Ethereum co-founder thinks that "Aging is a humanitarian disaster that kills as many people as WW2 every two years and even before killing debilitates people and burdens social systems and families. Let's end it."

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2. Blockstream and Lightning Labs are two companies that are currently leading efforts with funding for open-source Bitcoin and Lightning development. That's according to research published by crypto exchange BitMEX. In a blog post, the company noted that some of the developers behind Blockstream include Pieter Wuille and Andrew Chow, whereas Lightning Labs has the likes of Carla Kirk-Cohen and Oliver Gugger. In third place was Square Crypto, which also provides grants to Bitcoin and Lightning developers. According to BitMEX, the current situation with development is "more healthy" compared to the past regarding availability of finance and transparency. -BITMEX

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3. Jack Dorsey, CEO and founder of Twitter, wants its crypto Cash App to deliver billions of dollars to U.S. citizens rather than the Internal Revenue Service (IRS). Last week, Dorsey took to the social media platform to say that "people need help immediately." He went on to add:

The technology exists to get money to most people today (even to those without bank accounts). Square and many of our peers can get it done. US government: let us help.

His comment came in response to a user who said: "can they just CashApp us the $1,200?" According to an anonymous source, Cash App and fellow payments platform Venmo have reached out to the U.S. Treasury to discuss how they can help distribute the money. As part of the coronavirus rescue package, which was recently signed into law by U.S President Donald Trump, many U.S. citizens will receive a bailout check amounting to $1,200. -@JACK/TWITTER

4. Changpeng Zhao, CEO of crypto exchange Binance, has said that they delisted FTX leveraged tokens because many users didn't understand them. Zhao was talking about leveraged tokens during a series of tweets over the weekend. The move to delist them comes two months after the platform added them. Zhao said:

The main reason for delisting is we find many users don't understand them. Even with pop-ups warning users each time, people still don't read it.

Even though they are the most actively traded tokens, Zhao added that it was "bad for business to delist them." However, he went on to say that protecting users was what came first. If people were still unhappy, they should check back on the price of these tokens in a month's time "and let us know if you still complain then," he concluded. In response to Binance's decision, FTX said in an update, among other things, that: "Leveraged Tokens are complicated products, and Binance doesn't want to manage the user education and customer support for them." -@CZ_BINANCE/TWITTER

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5. Bitcoin Core's website is now available through the dark web, according to a statement.

In a bid to tackle censorship in some countries, Bitcoin Core has moved its website to the dark web.

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6. Tone Vays, a former Wall Street trader and host of Trading Bitcoin, has said that he doesn't think Bitcoin will drop below $2,800. 

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7. Roger Ver, the former CEO of Bitcoin.com and a Bitcoin Cash advocate, has given the impression that he's not concerned about the COVID-19 pandemic.

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8. Riot Blockchain, a crypto mining rig, has published a report stating that the COVID-19 pandemic could have an "adverse effect" on its business.

Filed with the U.S. Securities and Exchange Commission (SEC), it stated that the virus could "significantly disrupt" its operations and financial results.

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9. Binance Academy has established a blockchain research institute in China. Binance Research, which is the non-profit educational arm of crypto exchange Binance, "endeavors to build a leading think tank and research hub that contributes to large-scale developments in blockchain technology to further the growth of the industry," according to Helen Hai, who is leading this initiative at Binance. The Lingang Blockchain Technology and Industry Research Institute (Lingang Research Institute) will be the hub for blockchain talent, which seeks to make breakthroughs while boosting the application of the technology via integrations with artificial intelligence, big data, and the Internet of Things (IoT). Don Tapscott, executive chair of the Blockchain Research Institute, will act as the Honorary Dean of Lingang Blockchain Academy under the Lingang Research Institute. He said: "Blockchain represents the second era of the Internet - the Internet of Value - and can help us build more innovative and productive organizations." The establishment of the research institute follows after Binance announced the introduction of its Binance Card last week, which can be used to shop and pay with crypto worldwide. -BINANCE

10. In Case You Missed It (ICYMI): A U.S.-based healthcare provider is being targeted by ransomware despite the impact COVID-19 is having on hospitals.

The news comes at a time when cybersecurity publication BleepingComputer released data that showed that 10 hospitals had been targeted in the past month by the ransomware.

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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.

Edited by Beth Duckett, staff writer at Inside.

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