Wow! What an exciting week we just had.
Yo! It's a beautiful first day of a promising new week with lots of expected bustle and hustle around different work domains across the world.
As is common knowledge, the crypto verse never sleeps nor slumbers even for a minute, so much that it is highly impossible to soak in all the information is available.
I will repeat again, for a subsequent digest - decentralized applications are on the rise and attracting a remarkable increase in development. Gradually the few rigid applications are steadily becoming a fleet of more flexible and scalable products.
At the forefront, EOS and Tron blockchains continue to lead the race in the dapp marathon heat, taking over the mighty Ethereum that refuse to harken to our need due to its lack of readily scalable solutions, in terms of system usage and adoption.
EOS, in particular, is a achieving tremendous feat in terms of usage. It was reported a few days ago that there were almost 87M+ actions processed in a single day according to blocktivity.info, a number which far exceeds the recorded actions of the following blockchain "Tron" taking the second spot on the list.
In today's digest, I will write about promising EOS dApps worth noting I came across, interesting discussions and posts on different forums and social media, reports, and few updates in the news.
Let Dive In..
Promising dApps
Trybe (trybe.one)
Touted to become the tokenized Medium, Trybe is an exciting promising project with a focus on quality content creation. Content can be created based on an individual personal choice of category, ranging from Blockchain, Finance, Economics, Politics, Health, Sport or even personal stories. Although content can be created based on any categories, there are selected categories that can actually be monetized through token incentive reward by the communities of readers.
The quality of content is a big priority on this platform so much that a post is first submitted to the in-house reviewing moderators to cross-check if the post is free from plagiarism or meets the required standards by being informative or educative before it is published.
After having a successful presale Trybe is moving on to the next phase of development - Trybe 2.0 which is currently in a testing beta stage, having been released to the public just today.
You should open an account today by visiting trybe.one to start producing quality contents you have in mind putting out or curate and enjoy contents produced by creators.
Lumeos (lumeos.io)
One of the major problems the decentralization move was established to resolve is the ultimate right and control of personal data. Centralized entities have long been robbing users of their privacy, forming big industries with huge profits around data mined.
Lumeos debuted to solve this through an existing means of polling. Users are asked their opinion about any particular topic from small to big companies or individuals. It is an ethical way of gathering accurate data about users behavior and opinion about a product or service.
Lumeos questionnaire can be in the form of a poll which takes seconds to answer or survey which may take a few minutes.
The exciting part is that the user gets rewarded via the Lume token for their time and attention and companies have access to authentic information with very reduced spending resulting in a win-win situation.
After a year of vision establishment, product development and launch, Lumoes is entering the second phase of development termed Platform 2.0 which will saw polls hosted by the project, being embedded directly on websites for more usability.
Visit lumeos.io to download the app and start engaging and getting rewarded for your opinion.
Based on my experience as a user, it is really some fun and a perfect way to make up some idle time.
Additional promising dapps would be discussed in tomorrow's digest.
Some interesting posts and discussions.
Dan Larimer Confirms block.one claimed their 100 million Worbli coins.
https://www.reddit.com/r/eos/comments/bae0ip/dan_larimer_confirms_blockone_claimed_their/?utm_medium=android_app&utm_source=share
This anonymous person correctly predicts the recent price move stating the chart revealed it all. He/she indicated the bottom and forecasted price point at different periods all through 2019 and 2020. His/her speculation is actually attractive if it eventually comes true.
https://www.reddit.com/r/CryptoCurrency/comments/baml31/anon_predicts_bitcoin_price/?utm_medium=android_app&utm_source=share
This person also has some advice and perspective to share concerning his crypto adventure since 2017. It is quite a good read.
https://www.reddit.com/r/CryptoCurrency/comments/bak2e5/ive_been_in_since_may_2017_lessons_learned_and/?utm_medium=android_app&utm_source=share
Bitcoin made top spot as the most trending search parameter on China's biggest search engine during the recent 2019 price spike
https://www.reddit.com/r/CryptoCurrency/comments/bafm8l/bitcoin_is_1_trending_on_chinas_biggest_search/?utm_medium=android_app&utm_source=share
Another use case for cryptocurrency as a housing auction is being conducted via the binance BNB coin.
https://twitter.com/cz_binance/status/1115063669480517632?s=19
A throwback at some of the early days of bitcoin, when many became impatient. https://twitter.com/SilvesterHQ/status/1115088284051546112?s=19
Do you support this twitter user opinion about cryptocurrency being the solution to inflation ridged countries? https://twitter.com/luxolofinancial/status/1115230717171126272?s=19
U.S SEC moves to hire a new legal specialist to address cryptocurrency dealings through a comprehensive plan. https://twitter.com/blckchaindaily/status/1114999647871827968?s=19
YouTube
Tony has some ideas to share with you on how to day trade on Binance.
This Russian businessman reportedly bought 8.6 billion in BTC in order to avoid U.S sanctions.
Reports and Updates In the News
The era of self-driving cars is fast approaching more than it was anticipated.
No more going to a driving school, learning and struggling with fear for months before you can drive that new toy of yours.
There is no doubt this is gonna displace jobs in this niche but development to make this a reality isn't stopping by any degree.
As a tech touted to solve many of our problems, blockchain tech is being considered to enable and facilitate proper data sharing of self-driving cars among companies of interest.
In the news, GM and BMW are backing blockchain tech to oversee these activities.
Read the in-depth report on Coindesk. https://www.coindesk.com/gm-bmw-back-blockchain-data-sharing-for-self-driving-cars
More Fiat support for cryptocurrency.
Have you ever experienced having to deal with the tedious unpredicted trading activities of your crypto asset keeping you awake through the night?
Have you discovered that converting your profits to your local currency became a huge problem, which eventually prompted you to use some backdoor method you wouldn't have wanted, parting away with big part of your money in the process?
Well, many have and some countries ban such activity completely.
In some cases, you may even wake up a day to find out you can't receive cash from your crypto dealings with a local bank that supported such transfer before.
Yes, physical banks with excessive regulations and interference by the government can provide such headaches. Here is a cause for good news as a new online bank "Mistertango" offers individuals and companies the opportunity to create and manage single or multiple accounts for crypto-fiat dealings.
Read more on this on news.bitcon.com https://news.bitcoin.com/online-bank-mistertango-offers-crypto-companies-multiple-accounts-and-ibans/?utm_source=Online%20Bank%20Mistertango%20Offers&utm_medium=telegram&utm_campaign=Telegram%20Channel
The HODL mentality still persists.
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The stories about early adopter who held Bitcoin for many years later to discover what was considered some few pieces of software abracadabra is now worth a lifetime fortune accelerated the HODL perception.
It was the reason why many took long to dispose of or held onto their worthless bags despite being at a huge loss during the previous bull market that saw many ICOs emerged.
As the market sentiment grew over this viewpoint, the HODL mentality quickly became an old strategy for impatient investors or traders, scrap trading became the new way out. Despite this obsoleteness by greedy investors.
HODL still has some significant impacts and is seen as a tool for price stability by top visionaries and industry leaders.
Now, moves are being made to adopt more flexible staking functions by top industrial establishments with the intent of encouraging more coin and token retention by investors through interest yields on staked assets.
Read more about projects making this move and the method they devise to carry out this on Coindesk
https://www.coindesk.com/returns-on-crypto-assets-the-hidden-message
AI to the rescue.
There is continued debate on how artificial intelligence would improve or destroy our lives. Calls had been made to exert some level of regulations on how development should be directed or lower the capability of AI.
So far so good. On a software level, the use of AI has seen considerable usage, especially with top companies like Google and Facebook. There is an AI Google assistance created. Facebook uses AI for many purposes in its operations. AI is gradually advancing operations on many levels.
In the news, it was reported that software robots(AI) caught two CEOs in a pyramid scheme who reportedly stole over $18 million dollars, by taking advantage of victims' ignorance. https://cointelegraph.com/news/artificial-intelligence-helps-south-korea-police-end-18-million-crypto-ponzi-scheme?utm_source=Telegram&utm_medium=social
Other updates in the news
Justin Sun hints at a possible partnership with Ethereum. https://cointelegraph.com/news/trons-justin-sun-hints-at-official-collaboration-with-ethereum-this-year?utm_source=Telegram&utm_medium=social
Cross-party South Korean lawmakers implore the government to ease regulation on blockchain and cryptocurrency. https://cointelegraph.com/news/bipartisan-south-korean-lawmakers-call-on-govt-to-ease-crypto-blockchain-regulation?utm_source=Telegram&utm_medium=social
Estonia-based crypto firm accused of defrauding Nigerian investors out of millions of dollars worth of crypto through undisclosed account closure. https://cointelegraph.com/news/nigeria-financial-watchdog-receives-petition-against-crypto-exchange-over-account-closures?utm_source=Telegram&utm_medium=social
Thomson Reuters awarded a patent in blockchain-based identity management system. https://cointelegraph.com/news/mainstream-media-corp-thomson-reuters-patents-blockchain-system-for-identity-management?utm_source=Telegram&utm_medium=social
Chinese traders despite the country ban on crypto, pay extra to get their hands on bitcoin through OTC trading. https://cointelegraph.com/news/chinese-traders-pay-extra-for-bitcoin-through-otc-desks-amid-crypto-market-surge?utm_source=Telegram&utm_medium=social
G20 members schedule a meeting (June 8-9) to discuss cryptocurrency anti-money laundering. https://cointelegraph.com/news/g20-to-establish-crypto-aml-and-counter-terrorism-financing-regulations-in-june-report?utm_source=Telegram&utm_medium=social
Enjoy this meme as I round up today's digest.
That euphoria when you bought the dip, waking the next day to see those big green candles.
https://twitter.com/OccupyWisdom/status/1104479613630201856?s=09
Thanks for your time reading the digest.
Remember to come tomorrow for today's date.
Cheers :-)
Disclaimer
The content of this post is intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein is linked to their respective sources without being taking word for word except in quotes and references.
