The aggregate estimation of the world's cash is $90,4 trillion. This post goes for enthusing, elevating and helping individuals.
The Cryptocurrency Revolution Explained
I highly recommend Dan Larimer's most recent talk: "Introduction to Blockchain: Daniel Larimer at Virginia Tech"
"My missions in the past decade has been to find free-market solutions for securing life, liberty, property, and justice for all. And what I mean by that is nonviolent, voluntary solutions for securing the things that matter the most to us, our liberties and freedom, our property rights and blockchain technology happens to be the most effective tool we've ever created for doing just that."
Some Hard Economic Facts
Some cryptocurrencies have no transaction fees.
Total value of the world's money is $90,4 trillion (cia.gov)
USD's purchasing power is 5% what it was in 1913 (link)
Global Stock Market $73 trillion (link)
The world's gold $7.7 trillion
Bitcoin market cap $131 billion (link)
Cryptocurrencies market cap $346 billion (link)
Global Debt $215 trillion (link)
Global Real Estate $217 trillion (link)
Derivative Market, low end estimate, $544 trillion (link)
Stock of broad money per country (cia.gov)
Global GDP $80 trillion (link)
$5.1 trillion traded everyday on Forex Exchange (link)
List world largest public companies (forbes)
IPO raised $196 billion in 2017 (link)
ICO raised $5.6 billion in 2017 (link)
ICO raised $6.3 billion in 2018 first quarter (link)
Bitcoin transaction fees rough estimate 0.4-3.8% (link)
Bitcoin mining reward in the last 24h, $14 millions (link)
Venezuela's 2018 inflation 25,000%+ (link)
Zimbabwe's 2008 inflation 79.6 billion percent (link)
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The 20 countries with the highest inflation rate in 2017 (compared to the previous year)
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Most Interesting Crypto News
SEC Chairman Clayton: Bitcoin is not a security.
Coinbase Acquires Financial Services Firm to Become SEC-Regulated Broker Dealer
Bitcoin ETF Dreams Kept Alive With New SolidX, VanEck SEC Filing
The fund will be physically-backed, which means it will hold actual Bitcoin, and will be insured against loss or theft of the cryptocurrency, according to the firms.
Ripple (XRP) Expects a Bullish Trend Shortly – Currencies Direct adopts Ripple
Ripple will save the bank and its client from 40% to 70% in transaction costs and fees and the speed is overwhelming. A transaction takes about two minutes to complete, compared to the traditional SWIFT system which takes much longer.
Bitcoin Mining’s Electricity Bill: Is It Worth It?
I don't think that the current level of energy consumption is worrisome. We are only at 0.2-0.5 percent of the worldwide electricity consumption. Like Morgan Stanley researchers said in their reports cryptocurrency miners are currently just a "blip on the radar" for utilities”
China State TV: Blockchain Is '10 Times More Valuable Than the Internet'
‘Almost Irresponsible’ to Not Invest in Bitcoin: Billionaire Mike Novogratz
Billionaire Mike Novogratz is most bullish on EOS (Bloomberg on June 5, 2018)
Full interview here. Duber interesting!
EOS Core team to have another Go / No Go voting on Friday 0100 UTC
Google Courts Ethereum Founder for Possible Cryptocurrency Project
Famous feelings of dread about the proceeded with ascent of quantum processing and its security suggestions for blockchain innovation are misinformed and made a huge deal about.
This is the expert feeling of Jeffrey Tucker, Editorial Director at the American Institute of Economic Research. Tucker is of the view that the dread of quantum registering as an existential danger to bitcoin and other blockchain applications depends on panic mongering and obliviousness.
Another Cryptocurrency Experiences 51% Attack, Following Bitcoin Gold and Verge
Once the examination was done, the ZenCash group still found that there were two twofold spent exchanges. This implied the programmer, whoever it was, was allowed to spend their 19,000 ZenCash two times, viably multiplying the value of their ZenCash.
At current market esteems, the more than 19,600 ZenCash which the programmer twofold spent is worth around $558,000, not a figure to giggle at.
Here's the amount it expenses to dispatch a 51% assault on PoW cryptographic forms of money
The real application can be found here.
Google, Facebook and Uber: Has Their Blockchain Time Arrived?
English organization Juniper Research as of late distributed an examination which proposes that the utilization of blockchain innovation by multinational organizations is simply an issue of time. Investigators report that about 6 out of 10 partnerships are thinking about use of this innovation or as of now during the time spent creating corporate blockchain administrations.
Prior, Cointelegraph revealed that Microsoft and Amazon were thinking about coordinating blockchain innovation into some of their stage administrations. These are not by any means the only situations where multinational partnerships are making waves in the crypto space. For instance, Huawei is stacking its telephones with an implicit Bitcoin wallet, Samsung uncovered its intends to utilize blockchain for dealing with its worldwide inventory network, and IBM has reported an organization with Nestle, Unilever and Walmart to help with recognizing and keeping tainted items from achieving shoppers.
Meet Bestmixer, the Bitcoin Tumbler Trying to Outwit Chainalysis
Bitcoin tumbling administration Bestmixer has included a large number of new highlights intended to improve namelessness. A triple-level administration gives fluctuating levels of protection, all equipped around defeating the blockchain criminological instruments sent by organizations, for example, Chainalysis.
Is Ripple (XRP) Becoming a Global Currency Reservoir as Bulls Set in?
With a sizeable save, Ripple can help Zover 75 accomplice banks settle between bank obligations inside seconds. The Ripple items have demonstrated it just takes a couple of moments to send through banks to help in compassionate crises over the globe. It never again bodes well to utilize the keeping money framework to send help to influenced networks while it is quicker through Ripple xRapid.
Swell (XRP) Just Went Live in Europe: Santander Releases OnePay FX
Santander has formally discharged OnePay FX application which implies that a huge number of clients that have put their trust into the Santander bank would now be able to utilize this portable application keeping in mind the end goal to send quick cross-fringe installments all inclusive.
How bitcoin and digital currencies went from Wall Street to the high lanes of Southeast Asia
"[Digital token-based credits are] totally much superior to anything the conventional ones," said Sachaknisay Sov, who used to obtain cash from companions and nearby loan specialists. "It has a lower loan cost."
Already, he paid no less than 18 for each penny enthusiasm for each penny he had obtained. Presently, he pays 5 for each penny.
Other Interesting Crypto News
An old Alcoa plant in Upstate New York will be changed over into one of the world's biggest bitcoin mining focuses
Bitcoin Down in Google Searches But Still Bigger Than Beyonce
Significant Wall Street Firm Secretly Traded Bitcoin for Over Two Years
This programmer made $120K in seven days by discovering bugs in EOS cryptographic money
Mac Co-Founder Steve Wozniak: "What an Incredible Thing Bitcoin is"
Watch Billionaire Tim Draper 'rap' about Bitcoin at #TNW2018
Digital currency Exchanges Are Drowning in Tokens
NASDAQ underpins Stellar (XLM) in a move to enter the crypto world
Bitcoin's Chance at the $20 Trillion Offshore Tax Haven Market
Contingent upon the examination, as much as $20 trillion is concealed far from government assess agriculturists. Be that as it may, escape clauses are shutting as officials find them, maybe making only the utilization case bitcoin requirements to flourish sooner rather than later.
Swell to get recorded on NASDAQ controlled DX.Exchange
The trade being referred to here is DX. Trade. As per its site, DX.Exchange is touted as the principal finish crypto network that enables people and in addition organizations to exchange cryptos, buy cryptos with fiat and afterward change over them back to fiat.
The trade is based available driving coordinating innovation of NASDAQ. As it were, it likewise speaks to one of the world's greatest stock trade's entrance into the crypto showcase, anyway by implication it is.
The trade is planned for the discharge this month yet the date for the same isn't chosen yet.
Web Giant Baidu Unveils Energy-Efficient 'Super Chain' Blockchain Protocol
Named 'Super Chain,' boss researcher at Baidu's blockchain division Xiao Wei uncovered the convention at a nearby meeting throughout the end of the week.
EOS Mainnet Status
Brock Pierce LIVE On EOS Launch Day
Extremely intriguing talk by very rich person Brock Pierce