On today’s episode of The Cryptoverse…
I have another roundup of my top 6 crypto news stories of the day.
Table of Contents:
00:00 - Introduction
00:30 - JPY Stablecoin
02:15 - PwC Dollar Stablecoin
02:51 - Forbes To Publish On Blockchain
04:53 - Singapore Crypto Banking Problems
06:25 - Circles Complete Crypto Ecosystem
08:32 - First BCH ICO
●▬ Get Paid Crypto To Watch My Videos ▬▬▬▬▬●
https://www.patreon.com/TheCryptoverse
●▬ Support The Show In Other Ways▬▬▬▬▬●
Sign up to our sponsors: https://www.thecryptoverse.show/#_ln3u69r10
Sign up for RoboForm:
https://www.roboform.com/?affid=c5489
Sign up for Private Internet Access: https://www.thecryptoverse.show/pia
Buy online courses: https://www.cryptoversity.com/courses/
Buy Bitcoin: https://www.coinbase.com/join/56e9586dba1a7901da0004d4
Buy a hardware wallet: https://www.ledgerwallet.com/r/d1da
●▬ Donate Crypto ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
Bitcoin: 3Fo7Uri2R4MLBbZZ3Ja1ryiXnto8BfqFL1
Bitcoin Cash: qqjjyt543y0untmq6w5em6h82u60kcaqpywxm7x75w
Ethereum: 0x0de0E11E0812982652AB68F903643b0cddD4C0a8
Dash: XbrDZbmqUvUUYsPnj8eSLTLqccXe6QvGoz
DigiByte: DBGFU3KLBiLHa6ZfeorxzfeYaA76Joa36B
LiteCoin: LKLvp8owSjqbNRo3iT2fwgzCF6XBZVC4ig
NEO: AYpGCzgWsZvR6f3fvfDKKkbcCKU1KFU8kd
EOS: chrisjsconey
●▬ Social Networks ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
Steemit: https://steemit.com/@marketingmonk
Twitter: https://twitter.com/ChrisConeyInt
Facebook: https://www.facebook.com/Cryptoversity/
Telegram: https://t.me/TheCryptoverse
Email: http://eepurl.com/dlPc9P
Reddit: https://www.reddit.com/r/TheCryptoverse/
Minds: https://www.minds.com/marketingmonk
Gab: https://gab.ai/chrisconey
●▬ Sources ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
Another day, another stablecoin, except this time it’s a JPY stablecoin
https://www.fxstreet.com/cryptocurrencies/news/japanese-internet-giant-gmo-will-issue-jpy-pegged-stablecoin-for-circulation-in-asia-201810100941
PwC Is Developing a New Dollar-Pegged Stablecoin With Cred
https://sludgefeed.com/pwc-developing-new-stablecoin-with-cred/
In a bold move, Forbes have decided to partner with Civil to begin publishing their content on the Ethereum blockchain
https://blog.joincivil.com/forbes-x-civil-a-major-milestone-for-blockchain-based-journalism-73bed5b2f144
Singapore: Regulator Plans to Smooth Over Banking Ties With Crypto Businesses
https://cointelegraph.com/news/singapore-regulator-plans-to-smooth-over-banking-ties-with-crypto-businesses
Poloniex Adds Fiat On Ramp As Circle Launches Circle Research
https://bitsonline.com/poloniex-fiat-on-ramp-circle-research/
First Major Bitcoin Cash ICO Raises $30M in Record Time
https://news.bitcoin.com/first-major-bitcoin-cash-ico-raises-30m-in-record-time/
▶️ DTube
▶️ IPFS
Great episode Chris! Looks like BCash is starting to make some interesting progress.
A stable coin forex market is mind blowing!
hello Chris - thank you , success with new account and please return my follow - rock on
my favourite story https://www.coindesk.com/liquid-goes-live-blockstreams-first-bitcoin-sidechain-has-finally-arrived/
more smoke from bch better to build stuff and keep rolling!
I'm going to see if i can fit that in the next video :)
Right on Chris! I look forward to seeing that :)
Some thoughts on stablecoins - it's been noted that they can make a great onboarding crypto for newbies. Until now, onboarding has been almost entirely dependent on Bitcoin. If new investors in crypto want to get some other coin, they have to go through BTC first, which may present volatility risk as you talked about. Once stablecoin/fiat currency pairs are firmly established on platforms, stablecoins can become the onramp to crypto.
However, stablcoins are only as stable as the underlying asset - stablecoins based on fiat suffer from longer term risk. The fundamental flaws of fiat are some of the underlying reasons for cryptocurrencies to exist. Can we anticipate a crisis years from now of fiat-based stabecoins losing value due to failing fiat?
Regarding Tether specifically - You talked about the cost of trading Tether in on-chain (off exchange) trades. I believe that there is cost premium built into its price pairs on exchanges, at least it appears that way on Poloniex.
Great insights as usual!
You're right about stablecoins being at the mercy of the inflation which affects the fiat currency it is pegged to, however while the price is not perfectly stable it's many orders of magnitude more stable than any of the cryptos :)
great work, best wishes.
Why some people consider Bcash a scam ?
have you read this news, will you explain the conflict?
https://news.bitcoin.com/quadrigacx-battles-bank-over-21-6m-in-frozen-funds/
That story is on tomorrows show :)
THNX, looking forward
Great format. I guess stablecoins are one option the other will be cryptofiat, as researched for Sweden and others. That means we might get national stablecoins. Which shows that stablecoin get close to the stability and trust as the currency they are pegged to. If japan decides a national crypto this new stablecoin might go out of business....
I think that the move towards more stablecoins being available is a great approach to get more adoption while reducing volatility and risk for the use cases where more transactional volume is necessary like paying bills or everyday purchases. This could lead to improved user interface in the short term as more users get onboarded to the crypto space. However, it leads to an interesting question as to the increased importance of coming up with interoperable options to move assets between blockchains in the future.
ICOs, regardless of what blockchain platform they run on, will continue to perform poorly until investors can easily verify the vetting and locking terms of seed/presale investors via smart contract. No one wants to be dumped on.
It's ironic that a lot of these projects develop smart contract platforms yet do not use smart contracts to lock those tokens for the duration communicated to investors.
The bull market may mask this issue but the bear market has made retail investors smarter.
BCH ICO success and lack of an increased volume in the network could be due to big whales such as Bitmain diversifying their holdings and de-exposing from BCH, without actually crashing anything. Just a speculation.
Also, I am really looking forward to forex being done using stablecoins. I think Bitfinex is currently exploring this avenue. Blockchain industry future seems bright. Meanwhile, we experienced a bloodbath as a reaction to the stock markets crashing. Disappointing. Perhaps it was actually orchestrated to not fuel any investor fleeing into cryptocurrencies, i.e. to show that cryptomarkets are not the alternative to traditional markets.
Anyways, battles to fight are awaiting. Onwards march, cryptocurrencies!
Interesting point about the BCH ICO. I've been watching the Bitmain/BCH situation closely, I think your idea there might be valid.
Thanks for another great show Chris. The whole stable coin principle is truly interesting and it's going to be fascinating how it will play out!!
The most comments I've ever seen here. Good job Chris!
Stablecoin, Stablecoin for me, Stablecoin for you, Stablecoin for everyone !
Stablecoin will be the only thing that country's will evrey adopt.
Awesome video! Look forward to the next one. Once again thanks for the information!!
DTube at workplace runs great, over there network speed is great but DTube is kind of a nsfw lol ... so Tokens in a bitcoin-based blockchain ?!.. perhaps that is an advantage having big blocks available, anyway wormhole smells like buggy the name could be better... you are too serious Chris I know your show is like the tv news report but bring on a little fun or more close to 'normal people still new into crypto news' also in your selections, how many restaurants accept crypto in London? talking about that ever earth about fun name coins like Cheese? boy it is like the Dogecoin of the masternode coins ... last funny question , wiill all these US-stable coins fall with the devaluation of fiat currency's :o ...
Noted on the seriousness. Will see what I can do.
Crypto Forex Market huh that is really a good Idea. Personally I have never really liked Stable Coins since the whole Tether fiasco but I do feel that they have their own place to be.
CIVIL sounds a good project, I don't know much about it but I will read their medium posts to get to know it a little better.
Do you think Bitmain's large position in BCH creates a sense of uncertainty or stability with respect to the long term viability of BCH as a store of value? Thanks in advance!
I think yes, they are a huge whale and everyone knows it.
I think it sucks that the civil sale isn’t generating enough funds. Problem is that their test to actually purchase tokens deterred people
@marketingmonk, 30 Million Dollars is an effective number in 2 Hours and in my opinion that's an positive sign no matter which Cryptocurrency and this result is great sign because no matter how many Speculations are there towards Crypto Economy people are understanding and recognising the importance of Cryptocurrencies.
Wishing you an great day and stay blessed. 🙂
I’m happy to see that you’re creating content with Dtube :)
I believe Bitcoin Cash cash have great potential:)
Great content as usual!! After the latest crash the question for you @marketingmonk is: when Nissan?
When scooter?
Just looking forward for a Tesla
Nissan already happened. I think you meant to ask...
jajaja (spanish laugh). You're right!!
Good job checking for traces of the ICO on the BCH network. Could this be a marketing stunt not based in reality?
Posted using Partiko Android
I'm not sure tbh
Stable coin Forex... hmmm...
I'm smelling some government intervention on that - surely they won't be happy with us making our own derivate Forex market...
On the BCH ico thing - was BCH the only payment accepted, and if so... Where did the 3+ Bil number come from?
when ETC first started, people said that because it was cheaper ICOs would be moving over to it. I am surprised it took this long.
Looks cery promising coin indeed!
Thanks for the video, You gave tons of info as usual :)
There's a ton of stablecoins on stellarx.