š® 22-09-2019
š MarketCap: $269 B
š 24h Mcap %: -0.13%
ā ļø Bitcoin Dom: 67.2%
Active Coins: 2,535
24h Vol %: -9.37%
24h Vol: $43 B
Trade on http://bit.ly/2krcjJW
The CEO of MoneyGram is revealing a sneak peek at the companyās early experience with the digital asset XRP. Alex Holmes CEO of Money Gram says heās impressed with XRPās ability to move across borders in a matter of seconds. He also points out the crypto assetās lack of global liquidity. In the long run, Holmes says he thinks cryptocurrency could emerge as a serious competitor to cash markets ā which presents a āscary thoughtā for central banks.
NASA considers experience with cryptocurrencies and blockchain a plus for its upcoming data scientist at its Jet Propulsion Laboratory, whose primary function is the construction and operation of planetary robotic spacecraft and conducting Earth-orbit missions. The listed qualifications are supposed to be implemented by the data scientist in designing and implementing a program for analyzing complex, large-scale data sets used for research.
The ethereum network has returned to normal operations with fees back to about 5 cent following an increase in capacity to 10 million gas units. Etheremineās Asia based server or operation found the first 10 million block on Friday, with it using almost the entire new gas limit. Far more blocks have been found since, leading to a significant reduction in pending transactions from a recent high of 120,000 to now about 70,000. Ethereum should now be able to handle not far off from 2 million transactions a day.
Blockchain platform Tronās founder, Justin Sun, has announced a new plan for TRON's proof-of-stake mechanism. The developments will focus on the means of distributing staking revenues and greater engagement of the community. Sun revealed that the company will consider āa fair, decentralized distribution of staking revenuesā to increase user participation and engagement with staking from industry players such as exchanges, wallets and partners.
The global blockchain technology market is estimated to surpass $16 billion by 2024, according to a recent report. The key factor contributing to the global blockchain tech market growth will primarily be increasing adoption of blockchain by financial companies. Financial organizations will purportedly take up blockchain due to its ability to boost the efficiency of internal processes and cut the cost of operation in sectors such as trade finance, documentation and KYC checks.
Founder and CEO of eToro, Yoni Assia, says Bitcoin may take at least another 300 days to hit a price above the current all-time high of $20,000. As per Data, every Bitcoin bear markets seem to be longer than the last one, The 2011 to 2013 bear market lasted nearly 600 days, followed by the 2013 to 2017 bear market which lasted over 1000 days. Going by the trend, Bitcoin may have to consolidate or even crash for another 300 days, according to Assia as it has to at least last longer as long as the last bear market.
Ravi Menon, a managing director over at the Monetary Authority of Singapore, stated that the country is joining the ranks of many others who are wary of Facebookās Libra project. He stated that world regulators are realizing that everyone needs to approach Libra with a cohesive policy created together. This is due to the fact that because Libraās potential is globally-reaching, no regulator could fight it by themselves. He doesnāt think anyone should outright ban Libra at this point, considering we know so little about it.
Following a largely bullish week for the majority of crypto assets, the bears have come out to play at the weekend. A slide back into four figures for Bitcoin has dragged most of the altcoins back down with it as $10 billion leaves cryptocurrency markets. A steady decline has resulted in total crypto market capitalization falling back to just above $260 billion. Daily volume has also dumped from over $70 billion on Friday to around $50 billion today.
Cryptocurrency adoption has gained traction since the invention of Bitcoin 10 years ago. Hereās a look at where you can spend crypto today. #Pay for a burger in Germany with crypto. #Spend crypto at Starbucks and other places. #Buy food with crypto. #Pay with Bitcoin to tour space. #Buy jewelry with Bitcoin. #Send and redeem gift cards with Bitcoin. #Travel and pay in Bitcoin. #Use crypto to book a five-star hotel in Zurich. #Pay for electronics and more with crypto.
The development activity on the Ethereum blockchain is 4.5 times greater than on EOS. This has been a consistent trend for the past 12 months. Looking at a graph of the dev activity for the two platforms, it is clear that Ethereum has been in the lead. It is the result of developers are abandoning the EOS platform. There appears to be so much centralization on the network with a few individuals controlling everything that key contributors are seeking greener pastures elsewhere.
Researchers have released the results of a formal verification of bitcoinās lightning network. Lightning is new, experimental, and bugs are still being discovered. But even so, Researchers Aggelos Kiayias who is also the chief scientist for blockchain firm IOHK, Orfeas Litos from The University of Edinburgh brought good news on the underlying security of the nascent payment network. āAll the security-critical parts of the system are rock-solid", Litos told. He further added "Result is that lightning network is as secure as bitcoin."
Brian Quintenz, commissioner for the U.S. Commodity Futures Trading Commission (CFTC) says the industry of cryptocurrency is going to continue growing, creating new challenges for the regulatory body. However, the Commissioner explained the CFTCās approach to creating policy, emphasizing that their goal was to create guidelines that would not stifle innovation. Quintenz said that the CFTC would prefer to put āguardrailsā up while allowing the market to ultimately decide the best use case for a product such as crypto-assets.