Recap | Former Coinbase CTO: "I don't think any crypto can compete with Bitcoin" | JP Morgan introduces Zether protocol for private Ethereum transactions | Bitcoin technical analysis
Welcome to CryptoSlate Recap, our daily newsletter containing links to some of the top blockchain stories on CryptoSlate and across the web. IOTA launches major network upgrade Coordicide, removes centralized network coordinator
The IOTA Foundation announced the launch of Coordicide, a planned protocol upgrade which removes the network's centralized coordinator. According to the press release, Coordicide aims to provide a new type of decentralized mechanism for securing data and digital assets on IOTA's Tangle-based network. JP Morgan introduces Zether protocol for private Ethereum transactions
The software development team at J.P. Morgan Chase, the world's sixth largest financial institution with $30 trillion of assets under custody, created a new privacy feature for Ethereum protocol-based blockchain networks. The recently developed privacy feature allows users to hide transaction details including the amount being transferred and the address of the sender. Gemini Dollar stablecoin circulating supply mysteriously plummets as Huobi balances disappear
The circulating supply of the Winklevoss twins' stablecoin Gemini Dollar (GUSD) is plummeting. From a peak market capitalization of more than $100 million in December of 2018, the coin recently hit new lows of $22 million. Former Coinbase CTO: "I don't think any crypto can compete with Bitcoin"Balaji Srinivasan, the former CTO of Coinbase and general partner at Andreessen Horowitz, believes that the "blockchainification" of every major web app is the obvious investment strategy for the next 10 years. Litecoin's onchain metrics show growing interest
According to Litecoin.com, the recent onchain metrics for LTC indicate that a "potential floor of support and intrinsic user interest" in the proof-of-work-based cryptocurrency has been established. Justin Sun announces an announcement, TRON and BitTorrent jump
Justin Sun caused the value of both TRON and BitTorrent to jump on Sunday morning after announcing that he might share a "huge" announcement on Twitter in the next few days. Bitcoin technical analysis, price reaches yearly high as it nears $9000
Since February, bitcoin experienced four consecutive months of price increases. BTC has gone up more than 168 percent, marking a new yearly high of $8,950 today. Bitcoin Technical Analysis On the 1-month chart, a series of support and resistance levels based on historical data can be drawn. What the Venezuelan crisis teaches us about cryptocurrency privacy
Amidst hyperinflation, a leadership crisis, and international interference, Venezuela's crisis has come to represent the failings of modern finance and highlights how cryptocurrency could reshape it. Venezuela's economy has been in a downward spiral for years, with extremely tight capital controls dating back to the early noughties limiting citizens from acquiring foreign currency. [RESEARCH] Why UPbit was the only Korean crypto exchange to record a profit [$120m] in 2018
UPbit, the largest crypto exchange in South Korea, was the only exchange to record a profit in 2018. UPbit is operated by Dunamu, a company heavily invested in by Kakao—one of the most influential internet conglomerates in South Korea. Altcoin outlook: Basic Attention Token, Dogecoin, BitTorrent, Ravencoin, Enjin technical analysis
The cryptocurrency market went through a correction after a bullish momentum that took it to new yearly highs. Some altcoins have already bounced off from critical support points giving signs of a continuation of the bullish trend. ICYMI⚡️ Comparing bitcoin fundamentals at $8,000 in 2017 vs. 2019, what has changed? 💎 Ethereum Foundation reveals its development plans for the next year 📈 After every 30% pullback, Bitcoin gains an average of 153% 🇪🇺 European Central Bank: Bitcoin isn't a threat, cryptocurrency not a new asset class What else?"Where is Nouriel Roubini?" is something more people have been asking lately… Bitcoin is becoming a better store of value than many fiat currencies. Block.one has a big announcement planned for June 1st, but CEO Brendan Blumer is trying to make sure people don't have unrealistic expectations. Mark Yusko of Morgan Creek Capital appeared on CNBC and said Bitcoin is a better bet than stocks right now. Featured blockchain companiesThanks to the following companies for their support: 🌊 Seattle Devcon Blockchain - June 28-30 in Bellevue, WA U.S. - Join us at this accessible and inclusive event for blockchain beginners and advanced level topics. 🚀 OpenCrowd - a design and technology firm creating custom blockchain business solutions for global clients and early startups ⚡️ Blockstation - a leading Canadian FinTech company founded in 2014, provides one of the first digital asset trading solutions for stock exchanges. Want to be featured here? Contact us to learn more. Crypto market dataFor more pertinent market data, please see: Connect with usTelegram • Twitter • Facebook • LinkedIn • YouTube • Instagram 🔥 Interested in sponsoring this newsletter? Contact us. Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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Recap | Former Coinbase CTO: “I don’t think any crypto can compete with Bitcoin” | JP Morgan introduces Zether pro…