From a grand vision of crypto utopia, to Bakkt’s impact on Bitcoin and an update on Ripple and XRP, here’s a look at some of the stories breaking in the world of crypto.
Crypto Whale Plots Blockchain Utopia
A mysterious crypto whale is setting his sights on creating a blockchain utopia in the US. Blockchains LLC, a company owned by crypto millionaire Jeffrey Berns, bought a massive plot of land in Nevada for $170 million this year.
After amassing 67,000 acres of Nevada desert, a mysterious buyer has revealed his vision: a community that will plug into the blockchain. https://t.co/0ZVUir9js2
— The New York Times (@nytimes) November 1, 2018
As reported by the New York Times, Berns has huge ambitions for the land, which is larger than the city of Reno.
“He imagines a sort of experimental community spread over about a hundred square miles, where houses, schools, commercial districts and production studios will be built. The centerpiece of this giant project will be the blockchain, a new kind of database that was introduced by Bitcoin…
Mr. Berns has managed to win over local officials who are eager for economic development. Nevada’s governor, Brian Sandoval, read a proclamation that named the Blockchains property ‘Innovation Park’ at an event last month where Mr. Berns sat on a panel with the governor and Elon Musk, the chief executive of Tesla.”
Bitcoin
Alex Krüger, a cryptocurrency trader and analyst, says the launch of the crypto platform Bakkt will likely trigger Bitcoin’s recovery in 2019.
Krüger outlined a series of predictions in a chronological sequence.
- Bull run on Bakkt and renewed ETF approval narrative early 2019
- ETF denied Feb/27, massive crash, goodbye 6k, hello 4k, cleanse all weak hands
- Halvening 2020 narrative and re-adjustments lead to sustained bull run for the rest of 2019 and 2020
Ethereum
Google CEO Sundar Pichai says his 11 year old son is mining Ethereum on his family’s desktop computer. As reported by Business Insider,
“…Pichai said his 11 year old son was using the family’s home PC to mine ether, the cryptocurrency tied to the Ethereum blockchain.
Pichai explained that his son had to correct him recently, saying: ‘I was talking about something about Bitcoin, and my son clarified what I was talking about was Ethereum.'”
Ripple and XRP
Ripple has released a short overview on how MercuryFX is using RippleNet to rapidly accelerate the speed of cross-border payments.
Didn't have time to tune in last week to Ripple Drop episode 6? @ashgoblue shows how @mercury_fx_ltd uses RippleNet to accelerate payments from days to seconds. pic.twitter.com/A0FBexkYQP
— Ripple (@Ripple) November 2, 2018
Meanwhile, the popular Canada-based crypto exchange CoinField says it has listed XRP, with 20 base pairs across 61 countries.
https://twitter.com/coinfieldEX/status/1058233035764580352
Tron
Tron has released a review of all seven coin burns the platform has initiated since launching its own blockchain.
The coin burns removed outdated TRX ERC20 tokens from circulation. The coins are no longer needed now that the vast majority of TRX tokens have migrated over to Tron’s new blockchain.
Litecoin
Lite.im is expanding its service that allows anyone with a basic mobile phone to send Litecoin through a text message.
According to the team, support for Telegram and Facebook Messenger is now live.
“Those already with an account can import their existing wallet simply by logging in. Meanwhile, users on Facebook now have direct access to easily and securely, send, manage and invest in Litecoin.”
IOTA
The hardware wallet maker Ledger is integrating IOTA.
“The Ledger Nano S hardware wallet will enable users to protect the private keys giving access to their IOTA tokens in a state-of-the-art secure chip.
The Ledger hardware wallets integrate with the IOTA Trinity and Romeo Wallets and isolate user’s seeds (the key for their account) from their computer or smartphone, providing another layer of security from hackers. Users will be able to validate transactions on their Ledger hardware wallet as part of the security protocol.”
EOS
The EOS pixel art game Pixel Master has officially ended.
The game let users spend EOS to paint one pixel on a community canvas. As space on the board decreased, the price of each pixel increased, which the cost of one pixel eventually reaching about $25,000.
In the end, the platform says users spent 163,423 EOS, worth about $842,000, on the creation.
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