Recap | Former Coinbase CTO: “I don’t think any crypto can compete with Bitcoin” | JP Morgan introduces Zether protocol for private Ethereum transactions | Bitcoin technical analysis

Welcome to CryptoSlate Recap, our daily newsletter containing links to some of the top blockchain stories on CryptoSlate and across the web.


IOTA launches major network upgrade Coordicide, removes centralized network coordinator

IOTA launches major network upgrade Coordicide, removes centralized network coordinator

The IOTA Foundation announced the launch of Coordicide, a planned protocol upgrade which removes the network’s centralized coordinator. According to the press release, Coordicide aims to provide a new type of decentralized mechanism for securing data and digital assets on IOTA’s Tangle-based network.

2 min read →


JP Morgan introduces Zether protocol for private Ethereum transactions

JP Morgan introduces Zether protocol for private Ethereum transactions

The software development team at J.P. Morgan Chase, the world’s sixth largest financial institution with $30 trillion of assets under custody, created a new privacy feature for  Ethereum protocol-based blockchain networks. The recently developed privacy feature allows users to hide transaction details including the amount being transferred and the address of the sender.

2 min read →


Gemini Dollar stablecoin circulating supply mysteriously plummets as Huobi balances disappear

Gemini Dollar stablecoin circulating supply mysteriously plummets as Huobi balances disappear

The circulating supply of the Winklevoss twins’ stablecoin Gemini Dollar (GUSD) is plummeting. From a peak market capitalization of more than $100 million in December of 2018, the coin recently hit new lows of $22 million.

3 min read →


Former Coinbase CTO: “I don’t think any crypto can compete with Bitcoin”

Former Coinbase CTO:  “I don’t think any crypto can compete with Bitcoin”

Balaji Srinivasan, the former CTO of Coinbase and general partner at Andreessen Horowitz, believes that the “blockchainification” of every major web app is the obvious investment strategy for the next 10 years.

2 min read →


Litecoin’s onchain metrics show growing interest

Litecoin’s onchain metrics show growing interest

According to Litecoin.com, the recent onchain metrics for LTC indicate that a “potential floor of support and intrinsic user interest” in the proof-of-work-based cryptocurrency has been established.

2 min read →


Justin Sun announces an announcement, TRON and BitTorrent jump

Justin Sun announces an announcement, TRON and BitTorrent jump

Justin Sun caused the value of both TRON and BitTorrent to jump on Sunday morning after announcing that he might share a “huge” announcement on Twitter in the next few days.

2 min read →


Bitcoin technical analysis, price reaches yearly high as it nears $9000

Bitcoin technical analysis, price reaches yearly high as it nears $9000

Since February, bitcoin experienced four consecutive months of price increases. BTC has gone up more than 168 percent, marking a new yearly high of $8,950 today. Bitcoin Technical Analysis On the 1-month chart, a series of support and resistance levels based on historical data can be drawn.

3 min read →


What the Venezuelan crisis teaches us about cryptocurrency privacy

What the Venezuelan crisis teaches us about cryptocurrency privacy

Amidst hyperinflation, a leadership crisis, and international interference, Venezuela’s crisis has come to represent the failings of modern finance and highlights how cryptocurrency could reshape it. Venezuela’s economy has been in a downward spiral for years, with extremely tight capital controls dating back to the early noughties limiting citizens from acquiring foreign currency.

5 min read →


[RESEARCH] Why UPbit was the only Korean crypto exchange to record a profit [$120m] in 2018

Why UPbit was the only Korean crypto exchange to record a profit [$120m] in 2018

UPbit, the largest crypto exchange in South Korea, was the only exchange to record a profit in 2018. UPbit is operated by Dunamu, a company heavily invested in by Kakao—one of the most influential internet conglomerates in South Korea.

5 min read →


Altcoin outlook: Basic Attention Token, Dogecoin, BitTorrent, Ravencoin, Enjin technical analysis

Altcoin outlook: Basic Attention Token, Dogecoin, BitTorrent, Ravencoin, Enjin technical analysis

The cryptocurrency market went through a correction after a bullish momentum that took it to new yearly highs. Some altcoins have already bounced off from critical support points giving signs of a continuation of the bullish trend.

5 min read →


ICYMI

⚡️ Comparing bitcoin fundamentals at $8,000 in 2017 vs. 2019, what has changed?

💎 Ethereum Foundation reveals its development plans for the next year

📈 After every 30% pullback, Bitcoin gains an average of 153%

🇪🇺 European Central Bank: Bitcoin isn’t a threat, cryptocurrency not a new asset class


What else?

“Where is Nouriel Roubini?” is something more people have been asking lately…


Bitcoin is becoming a better store of value than many fiat currencies.


Block.one has a big announcement planned for June 1st, but CEO Brendan Blumer is trying to make sure people don’t have unrealistic expectations.


Mark Yusko of Morgan Creek Capital appeared on CNBC and said Bitcoin is a better bet than stocks right now.


Featured blockchain companies

Thanks to the following companies for their support:

🌊 Seattle Devcon Blockchain - June 28-30 in Bellevue, WA U.S. Join us at this accessible and inclusive event for blockchain beginners and advanced level topics. 

🚀 OpenCrowd - a design and technology firm creating custom blockchain business solutions for global clients and early startups

⚡️ Blockstation - a leading Canadian FinTech company founded in 2014, provides one of the first digital asset trading solutions for stock exchanges.

Want to be featured here? Contact us to learn more.


Crypto market data

For more pertinent market data, please see:

🌚 Cryptocurrency Rankings

📈 Biggest Gainers - 24h

📉 Biggest Losers - 24h

💰 Highest Volume - 24h

🆕 Recently Added Coins


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Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.