Daily Cryptos Espresso – 28 Jun 2019

British company launched a program intended to back Bitcoin with silver and gold assets. Bitcoin hash rate reaches 65 quintillions. Other cryptocurrencies will also be added to the pool. American major Exchange Coinbase completes major survey showing that 58% of Americans now know about crypto. Most stablecoins are dead according to research.

Cryptocurrencies & Markets

  • Your Bitcoins Are Now Fully Backed by Gold and Silver

    28 June 2019

    Maya Preferred 223 (MAPR) is a stablecoin with the ambition to back Bitcoin and other cryptocurrencies with gold and silver reserves. Each MAPR is worth about $34,000 in gold and silver assets. The British company has recently transferred to escrow accounts 21 million MAPR, an amount equal to the total number of Bitcoins. If the crypto market drops or Bitcoin loses its value, the Maya Preferred team guarantees that they will back the flagship cryptocurrency with the silver and gold assets currently behind their MAPR. The next digital currency that they will support with MAPR is a utility gaming token by DFS Inc., based on Ethereum. Maya Preferred will acquire control over 51% of the tokens and then will start backing DFS with $2.50 of assets per token. 

  • Exchanges & Trading Platforms

  • Bitcoin Futures Trading Volumes Break All Records

    28 June 2019

    Last Thursday, the Chicago Mercantile Exchange exchanged an incredible $1.7 billion worth of Bitcoin contracts. That's the highest ever level in terms of contracts exchanged (29,225) and value traded. 

  • Coinbase Releases Key Findings on Crypto Awareness and Adoption in US

    28 June 2019

    Major cryptocurrency exchange Coinbase released a survey that spans the past year and involves 2,000 participants. It shows that cryptocurrency awareness has increased 58% in the U.S. The top 10 states are California, New Jersey, Washington, New York, Colorado, Utah, Florida, Alaska, Nevada, and Massachusetts. Other states such as Delaware, Nevada, and Wyoming, have a lower overall percentage of crypto owners, but a higher per-capita ownership. 

  • Mining

  • Banks, Financial Institutions & Stablecoins

  • Scams, Frauds, Hacks & Law

  • Blockchain Applications

  • Large Bitcoin Whale Supported Dream Real Blockchain-Based Social Network

    28 June 2019

    Dream Real is the first social network that has been developed using technologies that employ Artificial Intelligence and blockchain. It is very popular in India. It started one year ago and now has 100,000 users and keeps growing. Dream Real just started its token sale and it was backed by a Bitcoin whale.