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Daily Email 02-28-19
Skycoin utilizes a true, decentralized network without central authority. They went beyond PoW and PoS to create a wholly new decentralized algorithm that reconfigures the inner workings of blockchain. Their distributed consensus algorithm, Obelisk, succeeds in delivering just such a network. It has a market cap over $16.3 million, a circulating supply over 13.3 million and has traded over $5.15 million in the past 24 hours according to CoinMarketCap.com.
SKY/BTC is close to completing a triple bottom price pattern that has been forming since early December. A close above 0.000325 would provide confirmation for the pattern with a potential target around 0.000400. A stop could potentially be placed below 0.000300 and raised below each successive higher low.
News to Know
Why Ripple (XRP) Might Not Stay On Coinbase For Long
After the announcement that XRP would be getting listed on Coinbase Pro, the token went through a brief surge in price. Even so, there are now rumors floating around the ether that XRP could be violating one of Coinbase’s rules. In particular, the ownership stake by the team must be in the minority, which isn’t the case when it comes to Ripple.
Coinhive to Mine Its Last Monero in March
Coinhive, the company behind an eponymous browser-based cryptocurrency miner, is closing its doors. As of March 8, the 18-month-old company will discontinue its service, because, it announced, the model “isn’t economically viable anymore.”
Everything You Need to Know for Ethereum’s Hard Forks: Constantinople, St. Petersburg
Ethereum (ETH), the world’s largest platform for developing decentralized applications (dApps), is scheduled for a hard fork upgrade (or backwards incompatible update) in less than 12 hours from now. At the time Constantinople and St. Petersburg (two near-simultaneous hard fork upgrades for Ethereum) will be activated, Ethereum’s full-node operators or transaction validators will be required to update their client software to the latest version.
Pundi X’s New Phone Can Switch Between Blockchain and Android
Blockchain device manufacturer startup Pundi X unveiled new specifications for its blockchain phone, which it plans to release to the public later this year. Revealed at the Mobile World Congress conference in Barcelona this week, the XPhone will let users switch between a traditional mode that supports Android apps and a “blockchain mode,” which will grant users access to decentralized apps (dapps) loaded on the device.
Square Sold over $52 Million Worth of BTC in Q4 2018, Totaling $166 Million for the Year
Mobile payments firm Square has recently revealed through its annual earnings report that it sold a total of $166 million worth of Bitcoin last year, $52 million of which were sold in the fourth quarter. The company’s earnings for the fourth quarter of the year beat analyst estimates, but fell short on guidance. The company’s Cash app, a rival to PayPal’s Venmo, has enabled BTC purchases last year, and since then started making money off of it, with $200,000 in profit thanks to bitcoin reported for Q1.
Moon Browser Lets You Shop Online with Crypto
The Moon browser extension (currently in Beta) allows you to connect your wallet and then to pay with cryptocurrency for your online purchases. Currently, it only supports Coinbase wallet with four currencies (Bitcoin, Litecoin, Ether and Bitcoin Cash) and you can only use it on Amazon. One more tidbit from the application stood out: Moon’s founder Ken Kruger had worked for over four years for Lockheed Martin, the biggest private contractor of the U.S. government, and the company behind some of the most advanced weapon systems in the world such as the F-22 Raptor and the F-35 Lightning II.
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