Two low-cap cryptocurrency gems had a stellar second quarter, more than quadrupling their market capitalizations in the last three months and significantly outpacing Bitcoin’s (BTC) relative gains.

The best performing cryptocurrency last quarter is Bancor (BNT) after rising 544.98%, as reported by the on-chain analysis company IntoTheBlock.

Bancor is a blockchain protocol that allows users to exchange various tokens directly without the need to go through a cryptocurrency exchange. Bancor seeks to address the illiquidity issue plaguing thousands of coins that offer legitimate services.
More info: https://dailyhodl.com/2020/07/01/these-top-crypto-performers-surpassed-bitcoin-btc-in-q2-rising-544-and-467/

Billionaire “William” Ding Lei just purchased Elon Musk’s 16,000+ square foot home in Bel Air, California for $29 million.

Ding bought Elon Musk’s main residence with a discount on the original asking price of $30 million, reports the Wall Street Journal. Ding is a Chinese national and tech entrepreneur who was the wealthiest man in China back in 2003. Today, he has a net worth of more than $25 billion and is known for founding NetEase, a Chinese internet company that is the second-largest video game publisher in China behind Tencent.
More info: https://dailyhodl.com/2020/07/01/this-billionaire-blockchain-investor-just-bought-a-29000000-home-from-elon-musk/

Vitalik Buterin says Ethereum is gearing up to supercharge its throughput as developers continue to work on the long-awaited ETH 2.0 update.

Ethereum 2.0 is designed to improve the blockchain’s scalability and performance as it shifts from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism.

In a new tweet, the Ethereum co-founder says the switch to ETH 2.0 will not happen overnight, but it will eventually lead to the network scaling with the capabilities to handle 100,000 transactions per second (TPS).
More info: https://dailyhodl.com/2020/07/01/vitalik-buterin-says-ethereum-will-scale-to-100000-transactions-per-second/

Raoul Pal, the CEO of the Global Macro Investor and former Goldman Sachs fund manager, thinks Bitcoin is the “call option” on global central bank uncertainty. And he says hedge funds are noticing.

Pal recently joined Galaxy Digital CEO Mike Novogratz on the Unchained Podcast to discuss Bitcoin’s role amidst all of the global economic issues caused by the coronavirus pandemic and various government responses to it.
More info: https://dailyhodl.com/2020/07/02/former-goldman-sachs-exec-says-bitcoins-btc-1000000-upside-annihilates-traditional-investment-opportunities/

Ripple’s monthly movement of XRP is underway, with the San Francisco-based company recently unlocking 1 billion XRP, worth about $177.6 million, from escrow.

Ripple owns more than half of the total supply of XRP. In December of 2017, the startup pledged not to sell all of its tokens at once, locking up 55 billion XRP into a series of cryptographically secured escrow accounts.

The company then set up a schedule to release one billion XRP each month, sell a portion to fund its operations and invest in startups, and return the rest back into escrow.
More info: https://dailyhodl.com/2020/07/02/ripple-unlocks-1-billion-xrp-sends-millions-of-dollars-in-crypto-to-mysterious/

Crypto investment heavyweights are backing Reserve, a stablecoin project designed to create a new universal store of value while generating potential profits for investors.

Coinbase Ventures is backing the project, and Reserve executives have now confirmed that Bitcoin (BTC) bull Peter Thiel and Y Combinator president Sam Altman have each purchased a claim to receive tokens in the future.

The stablecoin will be backed by up to 100 on-chain and off-chain assets and utilize a dual token system, as described by crypto researcher Lark Davis.
More info: https://dailyhodl.com/2020/07/02/billionaire-bitcoin-btc-bull-peter-thiel-and-coinbase-are-backing-this-little-known-cryptocurrency/

Visa partner Currencycloud is now working with Ripple to expand their business-to-business cross-border payments platform.

Currencycloud says the Ripple partnership will help expand business to places where regulations and limitations restrict opportunities for small and medium-sized enterprises, according to a press release from the London-based company.
More info: https://dailyhodl.com/2020/07/03/visa-backed-payments-platform-partners-with-ripple-is-xrp-in-the-mix/

We hear a lot of people ask basic questions about Bitcoin and blockchain technology, so we’ve compiled a list of answers. Understanding cryptocurrencies is a steep learning curve. They introduce a wide range of terms and require the ability to separate truth from opinion.

Whether or not Bitcoin has intrinsic value will depend on people across the entire world. Although there are several major players, like mining pools in China that have a huge impact on Bitcoin, cryptocurrency is not owned or operated by any company, state or country. That’s why it’s messy and unfamiliar. It’s constantly generating a storm of conflicting news reports and editorials.
More info: https://dailyhodl.com/best-frequently-asked-questions-about-bitcoin-blockchain-cryptocurrencies/