📮 05-11-2019
📈 MarketCap: $253 B
📊 24h Mcap %: 0.38%
⚠️ Bitcoin Dom: 66.3%
📌 Active Coins: 2,521
📍 24h Vol %: 26.56%
💲 24h Vol: $73 B
Bitcoin mining is renowned for requiring a lot of resources, and with an increased price of the coins, mining is once again under the spotlight. Recently, gas companies in Alberta, Canada, figured out a way to use trapped natural gas to fuel Bitcoin mining, instead of just letting it dissipate out into the atmosphere and pollute the air. According to recent reports, as much as 500 m3/day is being utilized for mining purposes, instead of being vented into the atmosphere.
Berlin-based DLT non-profit IOTA is primed to receive a high-profile endorsement from one of the leading accounting and auditing firms in the world. The fintech venture that aims to power the Machine to Machine (M2M) and Internet of Things (IoT) economy of the future will be the subject matter for the upcoming event organized by PwC Luxembourg. Sources close to the matter state that it will center around the basics, the latest developments, and the applications of IOTA.
Bitcoin has once again proven its resilience against the whims of centralized authorities. The ban imposed by Argentina's central bank produced an opposite effect on Bitcoin's trading volumes. The coin's trading volumes in Argentina have just reached a new record high in the local currency just days after the country's central bank prohibited purchasing crypto with credit cards. Despite being Plagued with political uncertainty and economic instability, Argentina remains a major crypto hub in Latin America.
China’s aggressive move into crypto adoption has already alarmed global financial leaders into accepting their own versions of cryptocurrencies. Catalyzing this effort, The Digital Currency Research Institute of the People’s Bank of China (PBoC) recently signed an agreement with telecommunications giant Huawei for the purpose of “fintech research”. The news was made official via Huawei’s official WeChat account that spoke about a “strategic cooperation” agreement with China’s central bank’s Research department.
Microsoft wants building blockchain tokens in the cloud to be as easy as plugging in a printer. So says Marley Gray, principal architect at Microsoft. Microsoft is taking its secret platform for creating tokens similar to bitcoin out for a test drive. The company has created a mint for issuing a wide range of crypto assets. Called Azure Blockchain Tokens, the crypto-assets mint lets enterprises, or anyone really, design, issue and manage a wide range of assets.
The Stellar Development Foundation (SDF) announced a new mandate for its network’s development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens. The development foundation drastically reduced the number of tokens in existence as part of an effort to become more efficient as it moves forward. Of the over 85 billion tokens that were earmarked for SDF operations, giveaway programs and partnership programs, the SDF burned over 55 billion.
Coca Cola’s bottlers Coke One North America (CONA), are implementing a blockchain solution from German software firm SAP to manage the supply chain. CONA manages a platform to oversee multiple franchises that manufacture, bottle and ship nearly 160,000 orders of Coca-Cola products daily. Blockchain will give real-time insights into the transactions made by all the different bottlers on the network, which generates over $21 billion in revenue per year.
The U.S. Federal Reserve, is apparently researching on how to integrate digital currencies to its retail payments section. According to a job posting, the central bank is hiring a manager to oversee its traditional payments section, as well as to research on “digital currencies, stable coins, distributed ledger technologies, and broadly financial/digital innovation in retail payments.” The posting appears a notable one, as a Fed official recently said that the central bank was “actively” debating developing a digital dollar.
A crypto prophecy from a self-proclaimed “time traveler” has been edited – despite the fact that the creator of the post was banned from Reddit more than a year ago. A Redditor with the username Luka_Magnotta created a post in 2013 saying he was writing a message from the year 2025. The post now includes a preface, dated October 27th, that blasts Bitcoin’s development process and energy consumption, warning it should not be treated as an investment.
An Illinois resident and Redditor “Joxnlol,” who won $500,000 in a state lottery has revealed he put half of it into Bitcoin back in May. Joxnlol’s winning ticket sealed him the $500,000 bounty on April 19: given he converted half of it in early May, his investment has so far seen close to a 65% gain. Joxnlol indicated that he plans to HODL the investment, revealing: “I don't intend to touch any of it for at least another year. I set aside money for emergencies.”