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Topics - anchorday

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1
The Japan Bank Consortium will release a groundbreaking smartphone application called “MoneyTap”— powered by Ripple’s blockchain technology — to allow customers of the bank consortium to settle transactions instantly, 24 hours a day, seven days a week.

“MoneyTap” is the first mobile app of its kind to be developed and used by multiple, different banks in the country.

Three members of the Japan bank consortium: SBI Net Sumishin Bank, Suruga Bank and Resona Bank will be the first to go live on the mobile app in autumn of 2018. This will be followed by a staggered roll out to the rest of consortium.

The Japan bank consortium, led by SBI Ripple Asia, is comprised of 61 banks covering more than 80% of all banking assets in Japan. MoneyTap will have the potential to provide on-demand payments to the vast majority of the country through this consortium.

Flexibility with domestic payments is limited in Japan: transactions must occur on weekdays and between 8:30 am and 3:30 pm or risk delays.

While there are discussions to change the window on the current banking rail system to make it accessible 24 hours a day and seven days a week, the cost of implementing it would be high.

https://ripple.com/insights/ripple-powered-mobile-app-provide-demand-domestic-payments-japan/

2
Cambridge Global Payments — a subsidiary of FLEETCOR Technologies and a leading global provider of commercial payment solutions — is launching a pilot program to use XRP in cross-border payment flows through xRapid.

Cambridge currently has over 13,000 clients around the world and handles $20 billion in international transactions annually. Incorporating XRP in those flows will provide their clients with a cross-border payments experience that is significantly faster, cheaper and more transparent.

Cambridge joins five major financial institutions who have publicly announced that they are piloting xRapid, including Cuallix, MoneyGram, IDT Corporation, Mercury FX and Western Union.

They are also exploring xCurrent, Ripple’s enterprise software for messaging and international transaction settlement currently used by over 100 financial institutions.

https://ripple.com/insights/cambridge-use-xrp-faster-global-payments/

3
Every Rippler, from the executive team to our newest hires, started their careers in one place — the classroom. It’s in this pivotal setting that children’s dreams are forged and legacies begin.

Take, for example, Ripple’s mission to establish an Internet of Value: a world where money can move like information. In part, it’s the teachers we encounter in our formative years that enable us to pursue ambitious goals like this.

We’re thrilled to announce that Ripple and its executive team are giving back to America’s teachers with a $29 million dollar donation in XRP to DonorsChoose.org.

https://ripple.com/insights/ripple-executives-proud-support-americas-public-schools-29-million-xrp-donation-donorschoose-org/

4
Ripple has invested $25 million in XRP to Blockchain Capital Parallel IV, LP — the first fund to accept capital calls in digital assets — and focus entirely on the development of the blockchain space.

The $150 million fund managed by Blockchain Capital will invest in entrepreneurial teams that are building businesses using blockchain technology. The investment will also provide an opportunity to identify new use cases for the XRP Ledger and Interledger Protocol.

As open source platforms, the XRP Ledger and Interledger Protocol provide an avenue for developers to work directly with the technology and build on it. While Ripple’s primary focus has been to remove friction from cross-border payments, the investment in Blockchain Capital’s fund provides an opportunity to support and develop additional use cases beyond payments.

https://ripple.com/insights/ripple-invests-25-million-to-drive-innovation-in-blockchain-and-digital-assets/

5
You're running a full bitcoin node, know Linux and have decent command line skills. Okay? Cool, go ahead and spin up a Docker instance.

If that sounds intimidating, you're not alone.

But as recently as January, using the lightning network, a layer-two technology for scaling bitcoin, on "mainnet" - ie, with real money - called for these rarified levels of technical expertise. Not to mention a strong stomach - bugs lurked in early implementations, threatening to part users from their funds (early adopters boasted of their prowess with the slogan #reckless).

https://www.coindesk.com/bitcoin-lightning-payments-slowly-becoming-less-reckless/

6
Several films featuring Bitcoin are coming out before the summer. The main character in “Superfly”, a remake of the 1972 crime drama “Super Fly”, is now “swapping cash for crypto.” Director X’s debut movie is scheduled for release on July 15. And in Russia, two college students are chasing a hard disk storing a fortune in Bitcoin, after they sold the wrong PC to a pawn shop. The film should be ready by the end of May.   

Superfly – Swapping Cash for Crypto, Redefining the Hustle

Have you heard of the “Exploitation” genre, exploitation film or fiction? It was created by authors tempted to, well, exploit themes that some might consider taboo. Others won’t, but in any case, exploitation works are often pushing against the limits of “the appropriate” in their respective times.

Sex, drugs, and violence are all part of the “exploitation” intended to attract attention. It’s basically the pulp fiction of the second half of the 20th century. Blaxploitation is a subgenre, which for the first time placed African-American characters and communities in the spotlight. The 1972 crime drama “Super Fly” is a good example which has been recently remade.

The 2018 version exploits the usual taboos, but also a modern hot topic – digital cash and crime. “Superfly” is the debut movie of Director X, or Julien Christian Lutz, best known for the music videos he made for Drake, Jay-Z, and Rihanna. Sony Pictures just released a full-length trailer of his remake of the Blaxploitation classic.

https://news.bitcoin.com/new-movies-featuring-bitcoin-hitting-theaters-soon/

7
$10 Billion Worth of Bitcoin Stored in Underground Vaults

Numerous investors are storing their Bitcoin in underground vaults all over the world to prevent the assets from being stolen. This appears to be the most hardcore “hodling” ever recorded.

A company based in Hong Kong – Xapo – provides Bitcoin wallets and cold storage services. The company holds nearly $10 billion worth of Bitcoin in its vaults, Bloomberg states.

Taking a look at the numbers, it’s about 6% of the current market cap of Bitcoin, and it belongs to a single entity. This makes Xapo one of the biggest crypto storage services in the world.

http://tokenlion.net/blog/post/122/extreme-hodling---10-billion-worth-of-bitcoin-in-underground-vaults

8
Venture capitalist Chamath Palihapitiya has countered billionaire Warren Buffett's recent derogatory statements on bitcoin, stating that the cryptocurrency is "important."

His comments come after Buffett, the chairman and CEO of Berkshire Hathaway, argued that bitcoin is more of a gamble than an investment at the end of April, and then, last weekend at a shareholders' meeting, he said bitcoin is "probably rat poison squared."

While calling himself a Buffett "disciple," Palihapitiya told CNBC that Buffett is wrong about bitcoin.

"Not everybody is right all the time," he told the news source, further suggesting that that knowledge about technology is not in Buffett's "circle of competence."

Palihapitiya, a former Facebook and AOL executive, went on to push for the cryptocurrency's benefits, saying it is a replacement to gold and:

"Something like bitcoin is really important, because it is not correlated to the rest of the market."

Speaking about the financial crisis, he said that "things that we thought were hedges went away" and "broke down." Bitcoin is viewed as providing a hedge to traditional finance by those who have owned the digital currency, he said.

https://www.coindesk.com/venture-capitalist-disciple-of-buffett-condemns-his-views-on-bitcoin/

9
Huawei Technologies Co., a Chinese multinational communications technology company, has announced that mobile phone users will be able to download Bitcoin (BTC) wallets on new Huawei devices starting Friday, Bloomberg reported May 10.

Huawei is releasing BTC.com’s Bitcoin wallet in its AppGallery app store, which will be pre-installed on all new Huawei smartphones, according to Alejandro de la Torre, vice president of business operations at BTC.com. It will reportedly be the first digital currency app offered on Huawei devices.
Access to apps like BTC.com’s is limited in China as the government blocks Android’s Google Play Store and some parts of Apple’s App Store. While Chinese authorities shut down cryptocurrency exchanges and banned initial coin offerings, people can still own cryptocurrencies. De la Torre told Bloomberg:

“It’s a good opportunity to tap into the Chinese market. The use of cashless payments with apps is very big and the traditional banking system is lacking, so there’s a good use case for crypto payments to grow there.”

https://cointelegraph.com/news/huawei-releases-bitcoin-wallet-in-app-store-pre-installed-on-all-new-smartphones

10
The growth of bitcoin "mining" activity could send the cryptocurrency's price as high as $64,000, investment research firm Fundstrat said Thursday.

Bitcoin is created through an energy-intensive process known as mining, in which computers receive the cryptocurrency as reward for solving complex mathematical equations. Processing power to guess the solution is known as "hash power," which Fundstrat predicts will grow 350 percent through 2019.

https://www.cnbc.com/2018/05/10/bitcoin-could-soar-as-high-as-64000-next-year-fundstrat-predicts.html

11
Bitcoin and cryptocurrencies have gone mainstream ever since the market exploded last year and major television shows have been talking about cryptocurrencies on a regular basis.

CBS sitcom Big Bang Theory had an entire episode last year on bitcoin where the characters search for a large amount of bitcoin they had mined in its early days.

Just last week, popular HBO show Silicon Valley aired a crypto-themed episode where the fictional company PiedPiper offers an initial coin offering (ICO) for their cryptocurrency PiedPiperCoin to raise money for their company. Over the last 12 months, several popular TV shows including Mr. Robot have featured cryptocurrencies.

Now, it’s Sesame Street’s turn.

No, the popular children’s program didn’t take time to teach toddlers about monetary policy, but mainstream financial publication Business Insider did devote a large portion of its recent interview with Cookie Monster (yes, that Cookie Monster) toward gauging the Muppet’s thoughts on bitcoin.

Shockingly, Cookie Monster did not know much about bitcoin. But he goes on to explain that he is familiar with the concept of “Bitcookie.”

“Me know about Bitcookie. Me know that me have cookie and me do this. That me bit cookie.”

Cookie Monster then goes on to talk about self-regulation — a key topic of discussion within the nascent cryptocurrency indsutry. He confesses that he has an issue with regulating himself. He explains, if he sees a cookie he’s not supposed to eat, he takes a step back and looks away. Then, he would eventually eat it.

“Me, OK, me do have issues with controlling meself. Fruit, cookie, fruit, cookie. Ah. This tough decision. So me got strategies me use to help me to control meself. Well, what me like to um, to control meself, me sometimes like to take deep breath. And it calm youself down. So like, if me saw a cookie right there, and me wanted to eat said cookie, me would just kind of take a little step back, maybe distract meself, maybe look away. No see cookie. Maybe sing a song. And then, after while, me can eat said cookie.”

Cookie Monster was on Business Insider to promote his new book, ’The Joy of Cookies’.

https://www.ccn.com/cookie-monster-has-a-light-hearted-conversation-about-bitcoin-and-self-regulation/

12
As the broader cryptocurrency markets have been cratering, Bitcoin has managed to retain much of its value.
These widespread declines have taken place after it was reported that South Korean authorities raided UPbit, the nation's largest digital currency exchange.

https://www.forbes.com/sites/cbovaird/2018/05/11/bitcoin-resilient-in-the-face-of-exchange-raid-fall-out/

13
With U.S. President Donald Trump declining to renew a nuclear deal with Iran, citizens of the country are turning to Bitcoin. Iran is facing renewed sanctions from the United States which could signal the start of new economic problems. There are also reports that the Iranian government is looking to create a state-owned cryptocurrency.

http://bitcoinist.com/iran-turns-to-bitcoin-in-preparation-for-renewed-us-sanctions/

14
«Almost Irresponsible»  to Not Invest in Bitcoin — Billionaire Mike Novogratz

Billionaire bitcoin bull Michael Novogratz, founder and CEO of Galaxy Digital Capital Management, says every investor should have 1% to 2% of their portfolio in cryptocurrency. Not to do so, he told CNN, is “almost irresponsible.”

https://www.ccn.com/almost-irresponsible-to-not-invest-in-bitcoin-billionaire-mike-novogratz/

15
Understanding Trading Demographics
Market analysts for the social investing network and multi-asset brokerage, Etoro, have conducted a research of their vast user base to help the company better understand exactly who are bitcoin and cryptocurrency investors. Looking at data from March 2017 to February 2018, they surveyed the public profiles of those investing in cryptocurrencies using their systems, and extracted demographic insights from age to gender to job sector.

One interesting point emerging from the data is that an absolute majority of traders are new in the business with regards to having any investing experience. A whopping 81.96% are at the Novice level, 10.66% are defined as Intermediate level, and just 7.38% qualify as having an Advanced level of experience in the market.

What is the reason we have very less female on trading?

https://news.bitcoin.com/only-8-5-of-bitcoin-and-cryptocurrency-traders-are-female/

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