Daily Cryptos Espresso – 25 May 2019

Bitcoin now stable at $8 K and possibly aiming at $10 K. What is its main flaw and how much adoption can it handle? Robinhood app attracts $200 M. Facebook’s crypto confirmed.

Cryptocurrencies Values and Potentials

  • Bitcoin Outperforming the Stock Market By a Whopping 10 Times in 2019

    Bitcoinist    
    25 May 2019

    Yusko also espoused sentiments similar to Pompliano’s saying Bitcoin is a better investment bet than stocks. Images via Shutterstock, Twitter @APompliano, @CNBCFastMoney The Rundown 2019 Scorecard: Bitcoin 111%; Stock Market 12%BTC is a Great DiversifierStock Market Decline Imminent

  • Bitcoin Price ‘Coiling Up’ For $10K, Says Max Keiser

    Bitcoinist    
    25 May 2019

    Bitcoin Price ‘Coiling Up’ For $10K, Says Max Keiser As Tether Hits Record $3B Market Cap Esther Kim | May 25, 2019 | 12:00 Bitcoin industry figures are throwing their weight behind predictions Bitcoin price will reach $10,000 soon as Tether’s market cap passes $3 billion. Images via Shutterstock The Rundown $10K BTC Next?Tether Court Case Loses Steam

  • Bitcoin Holds Over $8,000 as Top Altcoins See Minor Losses

    CoinTelegraph    
    25 May 2019

    The second-largest altcoin, XRP, has a market cap of $16.2 billion at press time.CoinMarketCap data shows that ETH is nearly 0.41% down over the last 24 hours. Following the news, BSV’s price jumped over 100%.At press time, the total market capitalization of all cryptocurrencies is $250.8 billion, over eight percent higher than the value it reported a week ago.Total market capitalization 7-day chart.

  • Bitcoin Is Plagued by an Insidious Flaw – But It’s Not What You Think

    CCN    
    25 May 2019

    To put it bluntly: Wealth inequality will not magically disappear in the new Bitcoin economy. Wealth inequality lurks in the new Bitcoin economy. The king of crypto is still in good shape, but there are still many questions to be answered if we’re going to prevent excessive wealth inequality from forming in the new Bitcoin economy.

  • How Much Adoption Can Bitcoin Handle Right Now?

    Crypto News    
    25 May 2019

    Given a daily average of 223,002 transactions per day (worked out using Blockchain.com data for 2018), this would imply that if Bitcoin reached the scale of processing 150 million transactions per day, it would consume roughly 26,900 TWh per year: 200 TWh more than the amount of electricity the entire world consumed in 2018.

  • Bitcoin Expert Jeff Garzik Exposes Crypto’s ‘Economic Paradox’

    CCN    
    25 May 2019

    “There’s the one-time cost model, where a bunch of people get funding together, whether it’s a business or charity, and they write a big check to a bunch of developers who built some stuff,” says Garzik.

  • Litecoin Lights Up – 18% Surge With 73 Days to Halving

    Bitcoinist    
    25 May 2019

    $LTC not going long into resistance but will be slowing starting to add to my bag as we head straight towards the next halving in roughly 75 days for #litecoin.

  • Payments, Exchanges, Real Estate Purchases

  • How To Send Bitcoin Lightning Payments With No Invoice

    Bitcoinist    
    25 May 2019

    Well, you can… Lightning Network is one of the most exciting current developments in the Bitcoin space and gaining features all the time. To the payee, it appears just like usual fees.Both sender and receiver must be well-connected nodes with sufficient liquidity for the circular route.

  • Square’s Jack Dorsey Ready to Hire Crypto Engineers

    Live Bitcoin News    
    25 May 2019

    He says that the staff of Square plans to “improve money” through additional bitcoin and crypto-based development, and the company’s new blockchain division known as “Square Crypto” is all set to make its first hire.

  • Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report

    CCN    
    25 May 2019

    By building a commission-free stock brokerage and trading app with a slick interface, Robinhood has built a $7 billion business in just six years. Robinhood closed its most recent funding round last year at which time a $5.6 billion valuation was attached. Last year the investment app blew passed E*Trade after doubling its user base to 4 million.

  • Crypto Titan Says President Trump Playing Big Role in Bitcoin (BTC) Rally – Plus Ripple and XRP, Ethereum, EOS, Tron, VeChain, IOTA

    The Daily Hodl    
    25 May 2019

    I think because of this trade war, and because a lot of the selling was done.” Microsoft recently revealed it’s building a decentralized identity platform on the Bitcoin blockchain, and Facebook is reportedly hard at work creating its own crypto stablecoin. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets.

  • You Can Buy a House with Crypto Through NDAX

    Live Bitcoin News    
    25 May 2019

    The Legitimacy of Crypto Is Growing. Tyler Milnthorp, partner at CLiC, claims: We’re thrilled to offer our clients the opportunity to purchase a home in under 30 minutes through a seamless transaction with NDAX, a regulated and secure exchange.

  • Financial Firms Tease Adoption of Ripple’s XRP-Powered xRapid

    The Daily Hodl    
    25 May 2019

    The foreign exchange trading and currency conversion company is also one of Ripple’s xCurrent clients, and according to business development director Raphael Golan, the company is seeing increasing demand for the speed and liquidity of XRP and crypto assets at large as it expands to serve smaller markets.

  • Confident in the Future: EOS Developers Attempt 10% Buyback Ahead of Major Announcement

    CoinTelegraph    
    25 May 2019

    News Major Swiss telecommunications company Swisscom announced its plans to distribute tokenized artwork through its Swisscom TV television network.

  • Trading App Robinhood Set to Raise at Least $200 Million: Report

    CoinTelegraph    
    25 May 2019

    Moreover, Bloomberg reports that the round would increase the firm’s value to between $7 billion and $8 billion, but that the details could change.Other people familiar with the matter also told Bloomberg that the new funds come from existing investors, all of whom asked not to be identified and to keep the details private.

  • Facebook Globalcoin

  • Major Swiss Telecoms Firm Swisscom to Distribute Tokenized Artwork

    CoinTelegraph    
    25 May 2019

    News Major Swiss telecommunications company Swisscom announced its plans to distribute tokenized artwork through its Swisscom TV television network.

  • It’s Confirmed: Facebook Coin Set for Release in 2020

    Live Bitcoin News    
    25 May 2019

    Facebook coin is set to be released in 2020, but a few more interesting details have emerged. Since announcing Facebook Coin, the enterprise has sought over $1 billion in funding from interested tech investors and even consulted with the Winklevoss Twins of “The Social Network” fame.

  • ‘GlobalCoin’: Not Everyone Thinks Facebook’s Crypto Project is a S***coin

    CCN    
    25 May 2019

    By CCN: Zcash developer Zooko Wilcox, who has previously opined that cryptocurrencies can be used to evade taxes, posted an “unpopular opinion” to Twitter today: Facebook’s crypto project is “awesome.” title: "‘GlobalCoin’: Not Everyone Thinks Facebook’s Crypto Project is a S***coin", url: "https://www.ccn.com/globalcoin-facebooks-crypto-project-is-not-shcoin",

  • Scams, Hacks & Attacks

  • Two Miners Purportedly Execute 51% Attack on Bitcoin Cash Blockchain

    CoinTelegraph    
    25 May 2019

    ther people familiar with the matter also told Bloomberg that the new funds come from existing investors, all of whom asked not to be identified and to keep the details private.

  • UK Financial Watchdog Warns Public of Crypto Clone Firm

    CoinTelegraph    
    25 May 2019

    News The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), warned that ICAP Crypto is a clone firm in a public announcement on May 24.According to the report, ICAP Crypto is a clone firm of ICAP Europe Limited.