📮 19-10-2019
📈 MarketCap: $222 B
📊 24h Mcap %: 0.94%
⚠️ Bitcoin Dom: 65.4%
Active Coins: 2,465
24h Vol %: -11%
24h Vol: $42 B
ACINQ Phoenix opens second-generation Bitcoin Lightning Network wallet to the masses. From a fresh install of the wallet app, setting up a new wallet is a single click away. Although the new wallet has no open channels, it can still produce an LN invoice and receive funds. On receipt of an incoming transaction, the app offers to set up a payment channel on-the-fly for a set fee. The user can either accept the fee, avoiding incoming liquidity issues completely or refuse the payment.
Mitsubishi Research Institute (MRI) and an Osaka-based railway company are issuing a local cryptocurrency dubbed Kintetsu Shimakaze Coin, for use in a popular tourist area in Japan’s Mie Prefecture. Crypto will be utilizing blockchain and is available only from Nov. 11 to Jan. 31 next year. Crypto is a stablecoin pegged to the Japanese yen. The experiment is a highly limited trial and will take place in the Ise-Shima region, a peninsular area known for its beaches, seafood, pearl cultivation and a national park.
Gemini co-founder Cameron Winklevoss thinks the skyrocketing level of global stock held in negative interest bonds is a boon for Bitcoin. Winklevoss twins became billionaires by buying into BTC early, when it was worth around $8.00. Cameron thinks it’s still smart to invest in the currency, in part due to the some $17 trillion held in negative-yielding debt. Cameron tweeted, "$17 trillion dollars are currently held in negative interest bonds. 17 trillion reasons why you should own bitcoin."
Bitcoin may only be ten years old, but it is about to match half the lifespan of the average fiat currency while actually increasing in value. Bitcoin statistician and commentator Willy Woo noted, the largest cryptocurrency has been around 40% as long as the average government-issued currency. Out of 775 fiat currencies past and present, research concluded the average lifespan is just 27 years. The longest-living fiat currency, the British pound sterling, has lost practically all its value since its inception.
Plans are underway to bring a fiat gateway to Turkish users of global cryptocurrency exchange, Huobi. The new development will enable local users to buy Tether USDT using their local fiat currency Lira which they will further use to buy other cryptocurrencies available on the exchange. The exchange is also partnering with banks in Turkey which will allow their customers to buy USDT directly from local bank accounts. Thus allowing more people who do not already hold cryptocurrencies to access such services.
American financial services company Fidelity Investments has fully launched its cryptocurrency custody service. Abigail Johnson, CEO of Fidelity Investments, revealed the development in an interview. Johnson said that the company is ready to roll out its crypto custody business following a year-long preparation and accumulation of clients. Johnson is certain that cryptocurrencies are not going away, and people will preserve the value of this nascent market.
Cardano is jumping into the retail game with the launch of a blockchain test pilot for footwear giant New Balance. Developed by IOHK, the pilot program is designed to track the authenticity of the brand’s newest basketball shoe. Cardano, will allow customers and retailers to verify the provenance of each pair of New Balance OMN1S shoes. With each purchase, customers will receive a “Realchain” card with an embedded identity and security chip, using Which Customers can authenticate the shoes on the Cardano blockchain.
Ripple announced that it sold $66.24 million worth of XRP in Q3 2019 down a staggering 73.66% compared to the record sale worth of $251.51 million in the previous quarter. Ripple also stated that “XRP distribution rate since the beginning of the quarter has been lower compared to the inflation rates of ETH and LTC, and similar to BTC.” The company also addressed the allegations that it is dumping XRP on the market and manipulating its price, claiming that a significant portion of such ideas was spread by bot accounts on Twitter.
Tron CEO Justin Sun announced another milestone that Tron has achieved over the past week. As per Dapp.Review report, Tron chain has surpassed Ethereum by the trading volume on dApps. Tron’s trading volume on dApps has reached 68,504,852 USDT which is almost twice of Ethereum. Dapp.Radar also points out a substantial rise of Tron trading volume within just a day. However, when it comes to the total number of unique users and mainnet accounts, Tron is still behind Ethereum.
The messaging app company and the SEC will now meet next February to debate the regulator's claim the gram token is a security. The judge hearing the case, ruled that Telegram should not distribute its tokens before that date, and not until the court makes its decision on the case. Earlier this week, Telegram committed to delaying the launch of the TON blockchain project and gram issuance to the project’s investors until April 30, 2020, so it had time to deal with the SEC’s concerns.