Weekly, May 7-11 ’18

Casper code release, EOS launches Space Invaders, Bill Gates against BTC, Palihapitiya defends BTC, McAfee's prediction, Fundstrat's prediction, Novogratz partners with Bloomberg, Kohn's opinion, ETH image, Vitalik Buterin about privacy, SEC about understanding crypto, NYSE launches BTC trading desk, Telegram Passport test, Nvidia's revenue, blockchain development in China

  • Casper code v0.1 for Ethereum mainnet is released and will become a hybrid between PoS and PoW systems. This long awaited update for Ethereum mainnet will become a hybrid between Proof-of-Stake and Proof-of-Work systems. Casper solution is designed to help Ethereum solve its problems with scalability, because PoS block generation is much faster.
  • EOS launches a Space Invaders game on its testnet. Anyone can play it. The game generates new private keys for user, thus no worries about the need to expose your own private keys.
  • Bill Gates doesn't like Bitcoin, says he would short it if he could. The only thing that stops him from doing it is that there's no easy way to do it. Tyler Winklevoss respond to Gates, explaining an easy way to short Bitcoin by buying futures contracts on CBOE.
  • Former Facebook executive and venture capitalist Chamath Palihapitiya defends Bitcoin against Buffet's criticism. He says that Bitcoin is like a non-correlated badge to the stock market.
  • John McAfee in a recent interview assures again that Bitcoin will go to $1 million by 2020. He explains that its users base expands quickly and there's a limited number of Bitcoins, thus someday everybody will need a small piece of Bitcoin, boosting the price.
  • Fundstrat, a global research company, has published its prediction saying that the price of Bitcoin could be $64,000 by 2019. The firm's calculations were based on growing hashpower.
  • Mike Novogratz, ex-hedge fund manager of the Fortress Investment Group, launched a new cryptocurrency index, in partnership with Bloomberg LLP. It tracks the performance of Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Dash, Monero, Ethereum Classic, and Zcash.
  • Gary Kohn, who was the chief economic advisor to President Trump in 2017 and 2018, doesn't think that Bitcoin is something big,but he believes that someday the global cryptocurrency will eventually emerge. But he believes that someday the global cryptocurrency will eventually emerge.
  • Bitcoin is still more popular than Elon Musk or lambos in search engines, Ethereum is more popular than Bill Gates or Warren Buffet.
  • Vitalik Buterin claims that privacy could be more important than decentralization in case of private coins. Being an advisor for Zcash, he is sure that decentralization is a luxury, and it’s important only for coin’s long-term survival, but not for its privacy features.
  • Hester Peirce, the US’s SEC Commissioner talked about the importance of understanding crypto before putting forward any regulations. During a speech at the Medici Conference she expresses an idea that innovations must be treated kindly instead of banning them straight away.
  • New York Stock Exchange is going to launch a new trading desk for Bitcoin trade allowing large investors to buy and hold Bitcoin. It would allow large investors to buy and hold Bitcoin, that was impossible for them to do until now.
  • Telegram is testing a new service called Telegram Passport which will be used to keep personal details, copies of IDs, banking statements and other documents to identify users on Telegram Open Network. It will be used to keep personal details, copies of IDs, banking statements and other documents to identify users on Telegram Open Network.
  • Nvidia reveals its $289 million revenue from crypto miners in the first quarter of 2018. The demand was higher than expected and brought in $289 million in revenue.
  • China wants to release blockchain standard by the end of 2019. China officials claim that the development of blockchain technologies may become an important step for China in global technological competition.


8,744 USD


272.72 USD


115.12 USD


0.4543 USD


437.73 USD


85.65 USD


8.24 USD


170.40 USD


96.55 USD

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Libra branded ‘delusional’ as Senate Banking Committee unleashes hell on Facebook’s David Marcus

Libra seems to be the new cuss word in Washington D.C. After unveiling Libra and setting up the association to oversee its governance in Switzerland, Facebook probably thought they’d be taking more flights across the Atlantic. However, it looks like the layover in the US Captial is longer than expected. On July 16, David Marcus, […] The post Libra branded ‘delusional’ as Senate Banking Committee unleashes hell on Facebook’s David Marcus appeared first on AMBCrypto.

Crypto-Markets Take a Hit after Libra Hearing, as Optimists Fend Attacks Off of Bitcoin

The cryptocurrency markets suffered a considerable blow yesterday as the first phase of the Libra Senate Hearing concluded on 17th July. Devid Marcus, the representative of the Libra Association and Facebook, was grilled by all parties on privacy and security concerns. Moreover, due to the limited time, most senators were unsatisfied with the response at the moment. However, David also reiterated that the announcement was made a year tentatively before the launch to address regulatory and market concerns. The Association is committed to complying with all national and international laws. BTC/USD 1-Day Chart on Bitstamp (TradingView) Libra announcement also had a substantial effect on the crypto-markets as Bitcoin seemed to become mainstream. Nouriel Roubini, who has actively engaged with the crypto-community in recent times due to the debate between himself and BitMEX exchange CEO, Arthur Hayes, noted about the fall, Bitcoin down 14% in last day to below 9.5K! Ouch! It must hurt to get so rekt so fast! Calling bitcoin a currency – let alone 1000s of other shitcoins – is a joke: they are not a unit of account, they are not a means of payments (5tps) and no stable store of value (-14% in a day) The altcoins dropped even lower as they broke below support levels. Ethereum and Litecoin are currently testing $200 and $80 respectively, with EOS and Ripple in a bearish trend below $4 and $0.3 as well. Nevertheless, as the drop in Bitcoin was also a probability through technical analysis, the optimism in the market is still intact. Metlem Demirors, the Chief Strategy Officer at Coinshares, expressed similar sentiments. According to her, not everything can be classified as “cryptocurrency”; like the companies or developers attempt to advertise. There are certain economic advantages and security that an open, permissionless network like Bitcoin provides. She told the media, “We’re seeing the creation of thousands of companies, thousands of jobs; a lot of economic value being created v/s. What Libra is attempting to do. Libra is an entity that benefits Facebook and small group of participants in the Libra Association.” Furthermore, she also suggested how Switzerland’s proactiveness in passing crypto -regulations in 2018 has made it a “haven for many cryptocurrency companies.” Mati Greenspan, the Senior Market analyst at eToro tweeted, One word dominated the Libra hearings today: trust One word @davidmarcus did not use: trustless Libra requires faith in Facebook. Bitcoin is trustless. Hence, as recent comments from the US President, Fed Chairman, and the Treasury Secretary continue to validate the cryptocurrency space. The enthusiasm that Libra brought seems to be subsiding as it is being burdened by regulatory oversight. Do you agree that cryptocurrencies will flourish in the next decade or are apprehensive of it? Please share your views with us.  The post Crypto-Markets Take a Hit after Libra Hearing, as Optimists Fend Attacks Off of Bitcoin appeared first on Coingape.

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