DAILY TL;DR W/ CHESLINK
JANUARY 29TH – FEBRUARY 2ND
January 31st
- BTC NEWS
- IN OTHER NEWS
MARKETCAP ANALYSIS
Recap from 11/20
Market Cap: $243,311,416,536
24h Vol: $7,403,167,283
BTC Dominance: 56.2%
As of 12/31
Market Cap: $592,941,301,681
24h Vol: $33,207,433,786
BTC Dominance: 38.0%
As of 1/8
Market Cap: $743,509,110,252
24h Vol: $49,897,768,988
BTC Dominance: 34.2%
As of 1/15
Market Cap: $644,874,662,903
24h Vol: $38,996,461,258
BTC Dominance: 34.4%
As of 1/22
Market Cap: $508,289,748,517
24h Vol: $30,645,248,592
BTC Dominance: 35.0%
As of 1/24
Market Cap: $537,183,052,350
24h Vol: $28,587,095,263
BTC Dominance: 34.5%
As of 1/29
Market Cap: $569,531,115,703
24h Vol: $21,957,402,021
BTC Dominance: 33.4% As of 1/31
Market Cap: $508,132,588,040
24h Vol: $26,999,399,577
BTC Dominance: 33.5%
BTC NEWS
Lightning Network Flushing Out Nicely
• https://www.reddit.com/r/Bitcoin/comments/7u809l/ln_test_network_is_flushing_out_nicely_almost/
/u/thieflar
There is really not much need to fear hub-and-spoke topology of upper layers, anyway. I expect some hubs to naturally develop, when particular service providers offer consistently spectacular service to end-users and attract widespread demand as a result. And this is not a bad thing.
One of the reasons why Lightning Network is such an attractive solution is because it allows Bitcoin, the layer beneath it, to remain maximally decentralized. It itself can centralize somewhat without having much of a negative impact on the protocol; the plan has always been to build the quick, easy, user-friendly, flexible stuff on top of the rock-solid base layer beneath. We can admit centralization (or other stuff like fraud-protection through payment reversibility, or Turing complete expressivity) into the second (or third, or fourth) layers, experimenting with the various models, until we have a fully fleshed out infrastructure supporting all manner of use cases while keeping our foundations as secure and sound as possible.
Anyone who tries to whine about Lightning Network being "too centralized" is inadvertently admitting that they haven't gotten it yet. Bitcoin is the foundation, it's the layer we want to be simple, pure, efficient, decentralized, and minimal, while the fancy or "trade-offy" stuff is hosted on top of it.
/u/gp2b5go59c
If you want to support the decentralization of the Lightning network, please use/test LND's autopilot feature it connects you to fairly well connected nodes and also avoids the hubs. While those hubs don't actually control anything it, the only concrete thing we can do to help the network is to build a more robust network that has a better connectivity (see https://en.wikipedia.org/wiki/Connectivity_%28graph_theory%29 for actual definition) and require less hops between any pair of nodes. It is a fact that the more those hubs are used, the more hops there will be between the farthest nodes in the network.
To get an idea go to https://lnmainnet.gaben.win/ , change the option to Viva (fixed) and start moving the HUBs outside of the center, you will notice that they already have an important % of the edges (channels) of the network.
Pineapple Fund Donates $1 million to FSF
• https://www.cryptocurrencyfreak.com/2018/01/30/free-software-foundation-receives-1-million-btc-pineapple-fund/
Score one for the good guys. The Free Software Foundation has received a donation in Bitcoin that totals $1 Million USD from the Pineapple Fund.
The Free Software Foundation states their mission as the following:
The Free Software Foundation (FSF) is a nonprofit with a worldwide mission to promote computer user freedom. We defend the rights of all software users.
We’ve discussed the Pineapple Fund before, but for a quick summary: The organization was started in December by an anonymous donor who goes by the nickname “Pine” and claims to be among the 250 largest holders of Bitcoin in the world. The fund aims to give away $86 million worth of Bitcoin, and has already given $20 million worth of the currency to 13 organizations, including million-dollar donations to the Water Project, which provides clean water to people in sub-Saharan Africa, and the Electronic Frontier Foundation, a digital rights watchdog.
CEO of Twitter Supports Bitcoin
• http://westerndawn.fr.nf//index/co-founder-ceo-twitter-support-bitcoin-path-towards-greater-financial-access/
While Facebook has decided to close the page on bitcoin and cryptocurrencies, banning ads about bitcoin, ICOs and other “alternative” financial products, Square is delighted to pick up the market share that Facebook does not care about, and as Jack Dorsey, who is the CEO of both Twitter and Square, tweeted moments ago (in his capacity as boss of the latter), he “supports Bitcoin because we see it as a long-term path towards greater financial access for all.”
“Instant buying (and selling, if you don’t want to hodl) of Bitcoin is now available to most Cash App customers. We support Bitcoin because we see it as a long-term path towards greater financial access for all. This is a small step.”
And with that one tweet, which put Dorsey on the other side of the room from Zuckerberg who has explicitly opined against crypto – and the millions of Millennials who are addicted to the digital currency – Twitter may have just bought itself several more days of interrogation in Congress where it will have to explain again, and again, and again why a few thousands “Russian” retweets cost Hillary Clinton the election.
IN OTHER NEWS
LINE Opens a Crypto Exchange
• https://www.ccn.com/messaging-app-line-launching-cryptocurrency-exchange-60-million-japanese-users/
In an announcement today, the Tokyo-based chat app confirmed that it has filed an application with the Financial Services Agency (FSA) – Japan’s financial regulator – to register and launch a cryptocurrency exchange. The application is currently under review.
It’s a significant move, one which sees Japan’s biggest messaging service announcing its foray into cryptocurrency trading, to be enabled within its chat application that is ubiquitous among some 70 million Japanese users. The messaging app is also massively popular in other regional nations including Indonesia, Thailand and Taiwan.
Line’s plan to launch the offering extends beyond Japan, with Bloomberg reporting its planned expansion to Hong Kong and cryptocurrency-friendly Luxembourg. If Line intends to bring its cryptocurrency exchange for all of its users globally, the likes of Coinbase, one of the world’s most popular cryptocurrency exchanges with some 13 million users across 32 countries, would pale in comparison.
Next Big Thing in Crypto = IoT
• https://www.forbes.com/sites/nikolaikuznetsov/2018/01/30/analytics-crypto-gear-up-for-iot-data-deluge/#1c14d92923bf
Many are focused on taking advantage of the explosion of useful data that IoT is expected to generate. Data is now considered a commodity, or the “new oil,” as some claim. In anticipation, businesses such as those in data and analytics and even blockchain are now intent on becoming integral parts of the IoT ecosystem.
Major tech providers such as Amazon and IBM are already offering solutions that combine infrastructure and data tools focused on IoT analytics. Even consulting services like Accenture are shoring up their capabilities in anticipation of the growing adoption of IoT in enterprises.
In addition to the analytics crowd, blockchain advocates are now also figuring into IoT. Blockchain-based data streaming platform Streamr, for example, aims to break down the barriers to access IoT data streams through a decentralized data marketplace. IOTA, which is developing its own open-source distributed ledger is envisioned to allow machine-to-machine transactions in which IoT devices will be able to pay each other directly.
Complementary technologies like artificial intelligence (AI) and machine learning can also help further automate and shorten the path to better insights. IBM, for instance, has been improving upon their Bluemix cloud and Watson AI platforms to better equip enterprises with the resources and agility to cope with these new demands. And when more people have access to data-driven insights, the opportunities for business growth likewise expand.
Ardorgate + AEUR. Fiat to Crypto.
• https://www.jelurida.com/ardorgate-euro-peg-launched?
Jelurida has partnered with Ardorgate (www.ardorgate.eu) to deliver an Ardor-based Euro pegged child chain token named AEUR. We are excited to announce today the official launch of that child chain service. This expansion pushes Ardor further towards enabling blockchain technology for small and medium sized companies. It continues to prove the viability of the Ardor platform, and also creates a much needed fiat to crypto entry point to the Ardor ecosystem.
The new AEUR tokens can be used to trade any of the assets existing on the Ardor platform, and can be exchanged for ARDR or any child chain coin tokens. This provides a quick and simple entry point into the Ardor and cryptocurrency world using Euro. As each AEUR token will always equal exactly €1, this token will have an inherent stability guaranteed and backed by Ardorgate and their strategic partner Mistertango Bank, the bank serving as the payment processor.
The AEUR child chain represents an important use case and milestone in the growth of the Ardor platform. It enables easy conversion of fiat to crypto, allows buying and selling of items with prices denominated in Euro, trading of blockchain assets and paying dividends again in Euro, and makes participation in ICOs with prices based in Euro easier for all users.
Lisk in 2018. Big things?
• https://www.reddit.com/r/CryptoCurrency/comments/7u90ix/lisk_bitflyer_60_but_real_lisk_quantum_leap_is/
2018 should become an amazing year for Lisk, because of
• Lisk Core 1.0.0 (95% complete)
• Rebranding Event (Feb. 20th in Berlin)
• Custom tokens
• Software Development Kit / dApp registration and
• decentralized exchange until late 2018
So if just the Bitflyer-listing moves Lisk up to 60+% - can anyone imagine what happens if all of these milestones above are implemented?
VeChain Partners with iTaotaoke
• https://twitter.com/vechainofficial/status/958754959591264257
VeChain partners with iTaotaoke, an online self-publishing content platform, to establish fairness and accountability for content creators on a digital copyright protection platform.#VeChainThor
XRB Rebrands to Nano
• https://medium.com/@nanocurrency/nano-rebrand-announcement-9101528a7b76
In November, the team gathered to discuss the future of Raiblocks and develop plans to further the project’s growth. One topic discussed was the name itself (“Is it, ray or rye?,” “Ditch the Blocks!,” “Just call it Rai!”). Feedback from the community suggested that improvements could be made to better resonate with the public and a mainstream audience. Because of this, our team made the decision to rebrand.
It is with great pleasure that we announce Nano. The Core Team wanted a name that represented the simplicity and speed of the project, and Nano does just that. The new logo uses several nodes, playing on the block-lattice design of the network, that connect to form an “N.” All social media accounts will be updated to reflect the name and logo changes. The new website is nano.org.
The launch of Nano is just the beginning of what will be an exciting 2018! Beta testing sign-ups are open for both the desktop wallet and iOS mobile wallet.
Polymath Network – Security Token
• https://blog.polymath.network/polymath-is-not-doing-an-ico-358d135fc481
The Polymath network is a technology platform for financial securities, and for that reason we hold ourselves to high standards. We built the POLY token to empower trillions of dollars of securities to migrate to the blockchain — not as a speculative investment through an ICO. We are not doing a public sale.
After a rigorous year of R&D, user testing, and receiving feedback from top lawyers and developers in the space, we are happy to announce that we will be launching the Polymath platform in conjunction with the distribution of our native POLY token.
Many analysts predict that eventually the majority of financial products will be traded on the blockchain as security tokens. Polymath’s security token protocol embeds regulatory requirements into the tradeable tokens themselves, which are available to verified participants only. By powering the next generation of securities tokens, Polymath aims to be the catalyst that will launch the securities token revolution.
List of Tahoe Reno Current Cliens - Factory purchased by Blockchain LLC. For Ethereum Development
• http://tahoereno.com/clients/
• Anchor Tenants
• ACH Foam Technologies www.achfoam.com
• Barrick Goldstrike Mines www.barrick.com
• Battery Systems, Inc www.batterysystems.net
• Chewy.com www.Chewy.com
• FedEx Supply Chain, Inc www.supplychain.fedex.com
• Fulcrum Sierra Biofuels, LLC
www.fulcrum-bioenergy.com
• Google www.google.com
• James Hardie Building Products
www.jameshardie.com
• Jet.com
www.jet.com
• Kuehne & Nagel
www.kn-portal.com
• Mars Petcare US www.mars.com
• Panasonic Energy of North America www.panasonicnv.com
• Petsmart www.petsmart.com
• PPG Architectural Finishes, Inc. www.ppgpittsburghpaints.com
• Schluter Systems, L.P. www.schluter.com
• Switch www.switch.com • Tesla Electric Avenue www.teslamotors.com
• Thrive Market, Inc
www.thrivemarket.com
• Tire Rack www.tirerack.com
• US Ordnance, In. www.usord.com
• Wal-Mart Distribution Center www.walmart.com
• Zulily, Inc www.zulily.com
• 1-800 Flowers.com
www.1800flowers.com
Facebook Bans Crypto Ads
• https://www.facebook.com/business/news/new-ads-policy-improving-integrity-and-security-of-financial-product-and-services-ads
We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency.
We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.
This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms including Facebook, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve.
ICON News and Updates from Mainnet
• https://www.reddit.com/r/CryptoCurrency/comments/7u72cu/icon_icx_new_website_block_explorer_
whitepaper/Website: https://icon.foundation/?lang=en
Block Explorer: https://tracker.icon.foundation/
Whitepaper: https://icon.foundation/resources/whitepaper/ICON-Whitepaper-EN-Draft.pdf
Partnerships: https://icon.foundation/contents/team/partners?lang=en (Includes Bloomberg and Forbes)
Roadmap: https://icon.foundation/contents/projects?lang=en
You can check @PretzelMiser twitter's account as he posts about everything that is happening at the Summit. Link to his Reddit topic: https://np.reddit.com/r/helloicon/comments/7tztb4/icon_annual_summit_semi_live_tweets/
Link for the live stream:
Vending machine accepting ICX: https://twitter.com/PretzelMiser/status/958554025850384384
DAPPS on ICON (
)
We received announcements and details about 6 DApps (7 if Nucleus Vision commits to ICON- please do if you’re reading this!) that are working with ICON and are coming out with products in the near future. BlueWhale, TINK, Silkroad, Uppsala, Ad4th, and Smilegate’s project. I’ll highlight just a few.
• TINK: Short for Trust Link. The project is still in the early stages, but their team is extremely solid. Most of the devs are from CarnegieMellon- the name may not impress you if you don’t know about it, but it is probably the top engineering/programming school in the world. It’s at a higher level than MIT, Stanford, Harvard, etc. I would take a hard look at this one when more info comes out because it is guaranteed to be well developed.
• Uppsala/Sentinel: Cyber security is a big industry, and surprisingly not many projects are trying to break into this space in the crypto world. Uppsala is already backed by huge companies including SoftBank Ventures, the investment arm of a massive Japanese company.
• Smilegate: This one was the big surprise. It’s understandable how it could be seen as a letdown to western audiences viewing the event, but Smilegate is massive. Koreans are very excited about this partnership. Smilegate is a gaming company that is very well known in Asia. It’s a multibillion-dollar company with hundreds of millions of users- that’s not a typo. Their game Crossfire has over 650 million users alone. They are signing an MOU with ICON in the next week and plan to create a social gaming ecosystem with ICON, on the blockchain. Examples he gave of their plans involved incentivizing creators of games on the platform, incentivizing p2p activity, and trading/selling in-game items on the blockchain. They’re hoping to have a tangible real-world result for people to use later this year.