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
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
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.
Banks, Financial Institutions & Stablecoins
Scams, Frauds, Hacks & Law
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.