This week we cover: BITCOIN, MILLENNIALS & BANK DISTRUST PAYPAL CEO OWNS BITCOIN CHINA ENFORCES CRYPTO CONTROLS BAKKT PHYSICAL BTC CONTRACTS CONTINUE TO SURGE BINANCE SUING THE BLOCK OVER FUD YAHOO ADDS CRYPTO TO ITS WEBSITE MINER CAPITULATION? BTC TECHNICAL ANALYSIS FEAR, GREED AND MENTALITY BITCOIN, MILLENNIAL’S & BANK DISTRUST “Millennials will become the wealthiest generation in history”, so says The Rhythm of Bitcoin about the great wealth transfer within the next few decades. “Banks should be worried,...Continue Reading
CANADIAN STABLECOIN Blockchain Venture Capital Inc (BVC Chain) has officially launched its Canadian Stablecoin CUSD coin, which is a US dollar-backed stablecoin aimed at the Canadian market and Canadian demand. It will be a fiat-based stablecoin that is backed by the USD and securely held with a US-based banking institution. As is the same with other stablecoins, new coins will only be issued when corresponding funds have been escrowed to represent them on chain. The difference with this...Continue Reading
TEZOS STAKING ON COINBASE PRO Coinbase Pro has announced Tezos staking for all holders on Coinbase, meaning all eligible customers in the US can receive staking credits. Why? -> Coinbase is focused on offering customers a simple way to grow wealth in the space How? -> Offering staking rewards on Coinbase for all customers (including USA) What? -> ROI currently approximately 5%, this will accrue in real time on the app. After the first 35-40 days...Continue Reading
ETH 2.0 STAKING STRUCTURE ROI ETH 2.0, due out in 2020, brings with it the proof-of-stake switch for the second largest blockchain – Ethereum (ETH). Preliminary numbers show that: 32 ETH will be required to be staked (approximately $5,800 USD) ETH 2.0 will maintain inflation rates below 1 percent and dynamically adjust rewards scale for validators. ROI before costs between 4.6-10.3% ROI after costs of around 5.83% (based on Collin Myers numbers) ETH founder Vitalik Buterin, is still...Continue Reading
BINANCE LAUNCHES RUBLE TRADING Just over a week ago, massive crypto exchange, Binance announced via Twitter that they would be offering trading of the Russian Ruble and cryptocurrency pairings on its platforms whilst attending a Government led event “Open Innovations Forum” in Moscow. Honestly, I find this pretty surprising news given the cryptocurrency industry in Russia is not yet officially regulated. The country has continually delayed its crypto bill on digital and financial assets with the most recent...Continue Reading
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