Freakerz NEWSCAST 📮 11-10-2019

📮 11-10-2019

📈 MarketCap: $228 B

📊 24h Mcap %: -1.31%

⚠️ Bitcoin Dom: 65.8%

Active Coins: 2,589
24h Vol %: -9.3%
24h Vol: $53 B

As the BTC rebounds from its September crash, crypto analyst, lawyer and entrepreneur Trace Mayer is speculating that Bitcoin’s next move could be huge. Mayer throws out a high-flying Bitcoin price prediction of one million dollars. “We’re in the Information Age now. Stuff can happen like that. We could wake up tomorrow and Bitcoin could be a million dollars a coin. And that’s why you have to have some Bitcoin to be hedged against it, just in case it catches on.”
The Commodity Futures Trading Commission chair believes that ether (ETH) is a commodity. CFTC chair Heath Tarbert said he believes that ETH falls under the oversight of the CFTC and anticipated the CFTC allowing ether derivatives to trade on the U.S. market in the near future. “We've been very clear on bitcoin: bitcoin is a commodity. We haven't said anything about ether—until now,” Tarbert said at Yahoo Finance’s All Markets Summit. “It is my view as chairman of the CFTC that ether is a commodity.”
Joseph Lubin, the founder of ethereum’s powerhouse ConsenSys, stated during a Devcon presentation that ethereum 2.0 phase 0 is to launch in the first quarter of 2020 and that phase 1 and 2 are to launch together likely by the end of 2020. That was in the context of Lubin arguing that Web 3.0 can open the walled gardens of Apple, Amazon, Google, Facebook and other tech giants through the permissionless and public nature of the ethereum blockchain.
Gregory Maxwell a well-known Bitcoin contributor explained that the 51% attack on Bitcoin network is quite unlikely and that people are overly obsessed with this potential threat. More importance should be given to what he calls Social Attack, an action that would put at risk the decentralized nature of Bitcoin in favor of a more centralized model. According to him, people “won’t understand, won’t care, and won’t protect the decentralization properties that make it valuable.”
OTC trading platform B2C2 launches what it calls the first product for gold trading using Bitcoin for pricing and settlement. The company’s CEO Max Boonen stated that the move comes on the back of increasing demand from large-volume traders. “Clients trade an ounce of gold priced in bitcoin, and the derivative is settled in bitcoin,” he explained, adding that one ounce (roughly $1,507) is the minimum possible trade quantity.
Tron and the Stellar Development Foundation are part of a new alliance that will provide university students with a working knowledge about blockchain technology. Tron and Stellar will work together to form a new educational alliance that will provide university students knowledge needed to successfully enter the blockchain industry workforce.Tron and Stellar, together with 11 other members of the Blockchain Education Alliance, will jointly develop and fund a number of educational initiatives to bring blockchain technology to the masses.
Binance has launched a listing for an XRP-pegged token, XRP-BF2, on its decentralized exchange, Binance DEX. The XRP/BNB trading pair is now open for trading on Binance DEX. XRP-BF2 is backed by and pegged to XRP assets and is issued on Binance Chain, the community-led blockchain software system that supports Binance DEX. According to a proposal by Changpeng Zhao, the point of XRP-BF2 is to “increase the interoperability between different token assets” on Binance DEX.
Megaupload creator Kim Dotcom who recently announced the launch of his token, Kimcoin was featured in an interview to speak about the various aspects of “freedom” and his intention to drive the cause. Dotcom mentioned that the moment he understood what crypto can do for the world in terms of providing the general public with “true financial freedom, I realized that this is the way forward.” He added, Dotcom also believes that the eventual economical collapse on a global scale will spark the irreversible adoption of cryptocurrency.
Ethereum's Vitalik Buterin put up a post to illustrate the challenges involved in the two-way bridging of eth1 and eth2 networks, along with possible implementation proposals. According to Buterin, an eth1 to eth2 link already exists as part of the eth2 proposal, one that is necessary to allow deposits. This link is implemented using a mechanism that assumes that Proof-of-Stake (PoS) validators are an honest majority, and that the Proof-of-Work (PoW) chain will not get attacked.
Andreas Antonopoulos poured cold water on fears that Google’s recent quantum computing success could impact cryptocurrencies such as Bitcoin. Described as “quantum supremacy,” the event sparked immediate concerns about public blockchains. Antonopoulos, however, said “Those classes of problems are not the same classes of problems we’re talking about when we talk about breaking cryptography.” Nonetheless, becoming quantum-resistant, at least in terms of signature algorithms, is on Bitcoin’s roadmap, he added.
VanEck, known as the first U.S. investment manager to bet on gold before it broke from the gold standard, produced a report pitched at institutional investors arguing Bitcoin has “monetary value” and can improve portfolio upside. “The Investment Case for Bitcoin” outlines an exhaustive list of reasons why Bitcoin deserves a place in institutional portfolios. Purportedly, the asset increases the overall performance and reduces the risk reward profile of portfolios.
Australia’s gold mint is backing a new digital token aimed to allow investors to trade the precious metal in real time. The Perth Mint Gold Token (PMGT) was launched by InfiniGold, and is backed 1:1 by GoldPass certificates issued by The Perth Mint. The digital certificates are 100% gold backed by the Government of Western Australia. PMGT is compatible with the ERC-20 standard behind by many ethereum-based tokens. InfiniGold is further touting the token as an alternative to U.S. dollar-backed stablecoins such as tether and USD Coin.