币圈就是投机客的天堂


上周币圈邦德在一灯社区举办了“讲故事赚USDT”活动,活动已圆满结束,邦德选取了部分投稿,看这其中的故事是否与你似曾相识。 

接触币圈是因为学长靠这个挣了不少钱,也就关注一下。后来去学长家吃火锅,他们跟我说IOST会涨,让我买这个,于是头脑一热就立马注册了火币,买了2毛2的IOST,后来一度涨到4毛5,接着又跌了下去,最终3毛多卖掉了,不亏。

当时还买了一些以太坊,正赶上去年4月那波小牛市,最高时还翻倍了,不晓得怎么想的,我在价格人民币5000+时还补了仓。

后来的事大家也猜到了,看以太坊现在跌成什么样子。总的来说现在还是套着,现在就希望牛市赶紧来,好让庄家们都赶紧拉盘。

后来币圈层出不穷的概念玩法也是震惊了我,什么fomo3D啊,eos炒内存啊,到玩菠菜的eos dapp、波场dapp。算是看透了,币圈就是投机客的天堂,但如果没能在各个玩法的第一使时间跟上,后面进去就只能接盘了。

刚入币圈的时候正是dapp火热的时候,当时一看,这不就是博彩嘛,就是筹码币不一样而已,至于大家说什么区块链比较公正啦怎样啦,根本不care,玩就是了。结果发现不管是买的币还是赚的币,时涨时跌的,太不稳定了。

小挣了一笔后就研究怎么炒币,感觉应该跟炒股差不多,开始加入各个币圈看大佬分析。结果这些大佬炒币也不咋地,一个个割韭菜倒是厉害,什么合约带单的、私募喊单的,往往是拿了你的币就跑了,或者做单都爆仓了,这时候他们就不说话了,默默消失或把群解散,挣的再多钱都不够骗。

对了,还有谨防币圈群的小平台业务员,一上来就晒合约收益,N个人都用同一张图,说自己现货多亏,合约多赚,都是骗你去他们小平台玩合约,最后怎么死的都不知道。 

有多少人是跟我一样听了币圈一夜暴富的报道进来的,一开始什么法币交易币币交易就把我绕晕了,感觉没人带的话还是挺复杂的。后来看到了邦德的科普文,觉得写得挺通俗易懂的就一直关注着。

要说入圈以来挣钱倒真是没挣多少,毕竟去年行情摆在那,不过感觉还是学到了不少知识,开阔了眼界,一年来也可以跟大家侃侃比特币主流币这些有什么不同,某些不知名小币种是不是传销盘,值不值得参与。

还有像最近各个平台都在搞IEO,基本都没抢到,以前刚入圈听别人说ICO赚了百倍千倍可眼红了,懊恼自己没上车。现在抢不到也就算了,心态很看得开,也不想进去接盘。

就拿好我的大饼,静静等待牛市到来。哈哈邦德应该是比特币的坚定多头吧,每次看他的文章都感觉比特币未来非常可期啊。 

大家还记得fomo3D吧?当时一个炒币的同事看这个直呼玩法厉害,正好吃饭时间,我们就围过去看他在干啥(同事是个靠炒股炒币赚了不少钱的能人)

他还挺用心跟我们介绍了一下,本来想参与,但是听他说什么注册钱包安装插件什么的感觉好麻烦,又不好意思麻烦人家就算了。

后来听说他果然又翻了好几倍,当时他还把邦德写的fomo3D的玩法发到群里给我们看,就顺手关注了,偶尔看一看文章,发现币圈也没自己想的那么复杂,算是金融圈+技术圈+传销资金盘的结合,很多玩法都是之前别人玩过的。

币我倒是没买多少,关注邦德后也在微博上陆续关注了几个币圈博主,有次运气好还中了不少恒星币,可惜当时没卖掉,现在都缩水到原来的一半,也是有点懊恼。 

从我在币圈这一年多的经历来看,币圈水太深了,基本就是套上区块链的壳子再炒作,可能也有真正做技术的现在还没混出名堂,但是who care,大家都是来捞一笔钱就走。

当时dapp刚起来的时候,大家说什么颠覆博彩业,找到区块链的真正价值,结果还不是热度过了一个个就都凉了,币价破发,黑客攻击层出不穷。

还有主流币每次分叉,打着技术升级的名号割韭菜而已,可能技术上是有什么突破,但是那又怎样呢,普通人又感受不到,只能看到币价在一次拉盘之后就跌跌不休。

散户们也不容易,得不到一手消息,等到有人喊单的时候你再入手就已经是接盘侠了,频繁换车更是容易出现亏损。

现在基本不玩短线了,不过大家都说今年下半年有望牛市,还是持续观望吧,做一名屯币党。

似乎在币圈,大家都有过一夜暴富的想法,不过不久就会被无情的行情打击。希望这一轮熊市过后,币友们都能有所收获,摆脱“韭菜”身份。

5.3晚间行情:BTC一路高歌猛进 试压6000点位

文章系金色财经专栏作者供稿,发表言论仅代表其个人观点,仅供学习交流!金色盘面不会主动提供任何交易指导,亦不会收取任何费用指导交易,请读者仔细甄别,谨防上当。

USDT 持续下跌让市场产生避险情绪,资金纷纷选择把手中的 USDT 换成 BTC,导致盘面上BTC 一路高歌猛进,日线级别不知不觉中已经走出4连阳,币安平台上的价格一度高达5840美金。

BTC 目前走势还有继续创新高的能力,但是上涨过程中震荡会加剧,强压力位在6000点附近,要再次提防BTC独自表演,而其它币种跟跌不跟涨的可能,不能盲目乐观。

昨日在解盘中讲到BCH、LTC EOS之前出现大阳线意味着主力开始陆续进场,大阳线的支撑作用基本封杀了下跌的空间,果不其然今天在盘中也出现了急涨,目前距离之前的套牢筹码已经不远,警惕小级别回调。

操作上:3成底仓继续持有,浮动仓2成联动BTC 30分钟级别做高抛低吸。

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阅后分享,感谢支持,让更多人受益

作者:北冥区块链演武堂

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声明:本文系金色财经原创稿件,版权属金色财经所有,未经授权不得转载,已经协议授权的媒体下载使用时须注明”稿件来源:金色财经”,违者将依法追究责任。

提示:投资有风险,入市须谨慎。本资讯不作为投资理财建议。

6张图告诉你 区块链的未来在哪里

近期,随着区块链跨链技术 Cosmos 的发布以及它对以太坊生态系统的潜在威胁,针对区块链互操作性也引发了不少讨论。

在这篇文章中,营长就带你走进 Cosmos 和 Polkadot,结合一定的基础知识和图解,保准你能够在技术层面上对这些协议的认识达到一个新的高度。

首先,你一定要认识到区块链互操作性的重要性。在现有网络中,你可以通过应用程序的 API 对大量的数据集进行访问和修改。而在区块链中,数据就被封锁在某一个链中。

那么,区块链具有互操作性到底意味着什么呢?

它有以下几个作用:

在深入探讨之前,营长先为你介绍一些去中心化系统的基础知识,以便帮助你理解后续概念。

去中心化系统

顾名思义,去中心化系统就是一组计算机为实现某一特定目标而共同运作,比如向世界各地的民众推送相同的内容(如 Twitter 新闻推送)。为实现这一目标,必须克服以下困难:

  • 准时:每个系统/电脑都是按照自己的速度和节奏执行相同的任务。

  • 次序:由于每个系统都有自己事件的事件和时间线,试图在什么时间解决发生的什么事件还是相当困难的。

  • 错误:由于系统宕机、系统无法正确接收/发送消息或恶意操作(拜占庭),都可能会导致系统之间协调失败。

举个例子来说,人和人之间解决问题最好的方法就是良好的沟通。但这对计算机来说却比较困难,因为它可以是异步通信,也可以是同步通信。

该如何理解同步和异步呢?

总而言之,区块链最终实现的是安全性(达成一致输出)和活跃性(区块不断增长和运作)

如果区块链安全但不活跃,就会停止产生区块;如果区块链的活跃但不安全,就会产生很多很多分叉。如果不制定规则,就无法辨别哪个是正确的区块链,哪个是分叉。

实用拜占庭容错算法(PBFT)

Barbara Liskov 和 Miguel Castro 于1999年推出了实用拜占庭容错算法(PBFT),由于 Cosmos 和 Polkadot 等权益证明链的基础是 PBFT,因此,你很有必要听营长介绍下它的工作原理。

  1. 一方监听大量的交易,直到交易数足以打包成一个区块,就会停止监听,称这一方为“提案者”(proposer),因为他们产生了一个区块。

  2. 一旦产生一个区块,每个人都要参与到“预投票”环节,以确保每个人都监听的是同一区块。需要注意的是,这个区块也可以是错误或恶意的,但在“预投票”环节仍然有效,因为在这个环节中,每个人都只是试图达成共识,即他们收到了相同的数据/区块。

  3. 一旦超过2/3的参与者达成共识,即收到了相同的区块,就会进行“预提交”,随后,确定这个块是否有效,且没有恶意操作。

  4. 如果超过2/3的参与者认为这个块有效且正确,就可以成功的提交这个区块链。

  5. 区块链的高度不断增加,继续重复步骤1-5。

以上这些步骤就可以确保每个块生成的次序是已知的(每提交一个区块,区块链的长度就会增加),每台计算机都可以计算出自己的结果并进行实时通报,还能够处理错误(恶意节点提出的区块)。

接下来,和营长一起探索 Cosmos 和 Polkadot 吧!

互操作性经典案例 — — Cosmos

2016年,Jae Kwon 和 Ethan Buchman 创建了 Cosmos(ATOM),并通过 ICO 为其集资了超过1700万美元。Cosmos Hub 是允许区块链与其他链进行通信的分区(Zone),任何一个使用 PoW 机制的区块链(如比特币、以太币、ZCash或特定的应用程序区块链)都必须通过 Inter Blockchain Communication 框架连接到 bridge-zone。

在架构这方面,2014年,Jae Kwon 根据实用拜占庭容错算法(PBFT),在 Cosmos Hub 中使用了 Tendermint 共识算法。这就意味投票环节(预投票和预提交)中,每个人都分配了固定的时间进行投票,一旦区块被创建完成,就不可逆,即只要交易处于最终确定的状态,就可以实现即时通信 & 物联网支付。由于不需要确认,因此称为“快速终结(fast finality)”。

用户可以将持有的 ATOM 作为系统中的验证器,或将 ATOM 委托给验证器。最初,Cosmos 设置了100个验证人,并计划参考治理参数不断增加验证人数,并且,只有为网络贡献力量的人才可以参与维护网络安全。

案例详解:ETH 转换为 BTC

为了更加简单明了,下面将 ETH 转换为 BTC。

  1. 首先为 ETH 创建一个中间可信分区(Zone),并设一组验证人负责将信息从 ETH bridge-zone 转发到 Cosmos Hub。

  2. 由于 ETH 和 BTC 存在不确定性(即当前链不一定正确),验证者需要等待一定量的确认函数后,才能保证交易成功。

  3. 一旦验证者确定交易处于最终状态,就可以从所处分区向 Cosmos Hub 发起一笔交易,表明他们确实收到了 ETH,随后,Cosmos Hub 创建 Wrapped Cosmos Ether,剩余的所有 Cosmos 分区也会同时获知:系统中存在新的 Wrapped Cosmos Ether。

  4. 假设转换汇率已事先确定,Wrapped Cosmos Ether 将会被换成 Wrapped Cosmos BTC,将这个 Wrapped Cosmos BTC 发送到比特币中间可信分区,然后发送到指定的 BTC 地址。

在这一过程中,有些假设还得注意:

  • Cosmos Hub 需要确保 Wrapped Cosmos 资产余额能够正确地递增/递减 — — 这是一个潜在的缺陷,不过在 Cosmos 团队设计的系统中,任何人都能以自己的方式创建 Cosmos Hub。本质上来说,Cosmos 网络由不同群体运营的 Cosmos Hub 和 Zones 构成。

  • 需要确保每个 Zones 可信,且能够正确转发资产、发送/接收消息,另外,发送者也必须对验证人能够充分信任,即验证人一定会正确转发消息而不会窃取资产。

互操作性经典案例 — — Polkadot

Polkadot 由以太坊联合创始人兼前首席技术官、Web3 基金会总裁 Gavin Wood 创建,并于2017年底发售代币 DOT,融资超过1.45亿美元。如果 Cosmos 是由 Cosmos Hub 和 Zones 构成的开放网络,那么 Polkadot 就是单条“中继链”(replay chain),为平行链带来了诸多好处。

Polkadot 有以下几个关键创新点:

  1. 每条平行链的安全性来源于中继链上的验证者,一旦通过成为平行链连接到 Polkadot 网络,就能同时收获与 Polkadot 网络相同级别的安全性;而在 Cosmos 中,每条新链都需要验证者,安全性掌握在自己手中。

  2. 平行链可以使用去信任链间通信与其他平行链进行交互,想要跨链通信的用户不需要信任与之交互的每一条链,而只需要信任整个 Polkadot 网络具安全性即可,这也与 Cosmos 的工作原理不同:在 Cosmos 中,用户不需要依靠独立的验证者来信任源链、中继链和目标链。

Polkadot 的共识机制由两部分组成:GRANDPA 和 BABE。GRANDPA 是一个终结工具,它借鉴了 GHOST 分叉选择规则的一些原则(如 Ethereum 的 Casper);而 BABE 是一种类似于 Cardano 的 Ouroboros 区块生成机制,GRANDPA 允许链的一部分“最终化”且不可逆,将终结工具与生成区块分离,允许效率较低的终结工具在生成区块的不同流程生效,这意味着区块的生成有可扩展功能,这与基于 PBFT 的 Cosmos Tendermint 算法不同。

Polkadot 生态系统包含以下几个角色:

  • 校对者(Collators):为平行链生成区块,并将信息交付至验证人验证。

  • 提名者(Nominator):将资金分配给验证人参与权益机制。

  • 验证者(Validator):对其资金量要求较高,负责打包中继链的新区块,其作用是:对新区块进行签名;参与GRANDPA确认中继链;通过确认交易是否正确,或跨链消息是否已处理,对平行链区块进行验证。

  • 钓鱼者(fishermen):审查网络节点,鉴别恶意行为,像“赏金猎人”一样,它能够拿到一大笔报酬。

可以将 Polkadot 看作一个互连的系统,它将想要借助 bridge-zone 实现通信的各个链连接起来,所有的平行链和中继链作为一个整体运行。平行链可以合并自定义逻辑,并负责处理自己的状态转换,同时与其他链进行消息转发与传递。通过相互监听,平行链可以自由与其他链进行通信,而在 Cosmos 网络中,所有沟通都必须依赖 Cosmos Hub。

得益于中心设计理念,Polkadot 有很好的结构——平行链被动地从连接合约(bridge-contracts)中读取信息,但并不依靠连接合约在各平行链中发送消息。每条平行链都有相同的地位,也就是说,Polkadot 跨链网络真正做到了“去信任”,平行链的利益与中继链一致,而与其验证的其他任何平行链无关,此外,每隔一段时间,各个链也会随机的重新分配验证人。

案例详解:ETH 转换为 BTC

下面,营长以 ETH 转换为 BTC 为例,更为直观的了解如何实现平行链间的代币转换。

以太坊平行链上的校对人将区块头部信息传递给所在平行链上的验证人,验证人再将以平行链可识别、可通信的格式在以太坊连接智能合约中签名并发布相关交易。任何发送的 ETH 都将由 Polkadot 验证人持有,同时,验证人也将提供 DOT 作为无效交易的抵押品。随后,ETH 平行链和 BTC 平行链之间创建通信,通过验证以后,BTC 就会指定一个地址。虽然具体设计决策还未出台,但是,在跨链通信的中心始终是“去信任”。

需要注意的是,通过链上的去信任拍卖,Polkadot 分配平行链槽(parachain slots),这些拍卖会使 DOT 在一段时间内处于锁定状态,以便保持平行链和Polkadot网络的连接。如果平行链出现严重漏洞,或者是涉嫌参与恶意行为,监管就会介入并着手解决问题。Polkadot 遵循链上治理机制,并且将其看作是加密货币网络的最佳管理方式。

正如 Gavin Wood 所说的那样:

“如果不引入链上治理,包括通过各种机制来引导升级的区块链,最终都会被‘有毒的民粹主义’荼毒。我并不认可‘链下处理’,‘链上信号’和‘粗略共识’能够为区块链生态系统中的利益相关者提供有效手段,管理和推动区块链的长期进步,我也不认为治理会奏效。”

时间线

虽然互操作性的核心应用实现已经达到了一定的水平,但执行力远远不够。Cosmos 于2019年3月推出,但也只是发布及运行 Cosmos Hub,接下来的工作就是确定链间通信框架的运作方式;而 Polkadot 将于2019年底推出,目前上线的只有中继链。

总的来说,Cosmos 和 Polkadot 的发行令我感到很兴奋,我最好奇的就是如何扩大开发人员对其的采用率、如何平衡每条平行链以及如何发挥平行链的作用。由于当前基础架构远不够完善,开发人员也还得根据需要考虑实现足够好的安全性所需要的人力及资源,就目前而言,现在创建特定的应用程序链还只是一个空谈。

在以后的发展过程中是否还需要重新调整目标做出一点妥协?这个很难说,或许以太坊的链下治理会为此带来契机。由于要实现去信任创新的同时,还要保证高度安全性,这一技术的发展相对来说比较缓慢。

另一方面,所有的加密货币网络逐渐开始将安全性委托给其他链,比如以太坊。一旦现有社区能够有较高的安全保障,它们就能专注于发展自己的链。MakerDAO 就是一个很好的例子,MakerDAO 有足够的资源来创建自己的链,并且通过成为 Polkadot 平行链的一部分来获取足够的支持,如果无法保证足够的支持,它还可以在 Cosmos 上建立一个 bridge-zone 保障其安全。Polkadot 计划则为无法保障安全性但可以实现通信的链提供 bridge-slots。

以上应是社区该给出的建议,而不是将区块链当作零和游戏。

Myanmar’s Central Bank Warns Public Not to Use Crypto After Series of Scams Reported

The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3.

In a statement obtained by the website, the central bank said it had received reports of several scams targeting those who lack understanding about virtual currencies.

Authorities in Myanmar, also known as Burma, say the likes of bitcoin (BTC,) ether (ETH) and litecoin (LTC) are being traded in the country through Facebook profiles as well as websites.

According to the report, the central bank has stressed that the use of crypto is unauthorized in Myanmar — however, the country does not have any mechanisms or legal frameworks in place to regulate or block their use.

U Than Lwin, a former deputy governor at the central bank, told The Irrawaddy that price volatility, the lack of consumer protection and the difficulty of taking legal action were three reasons “why investing in cryptocurrencies should be avoided.” He added:

“The price is unstable all the time. Trading cryptocurrencies could result in losing everything you invested in them. It’s like gambling.”

In 2018, Myanmar’s Ministry of Home Affairs issued a similar warning after receiving reports that people living in rural areas were being targeted for investment by crypto promoters because they were uninformed about the market.

However, the government’s stance on crypto trading does not mean that the nation is also avoiding blockchain, the tech supporting most cryptocurrencies. Last month, the central banks of Thailand and Myanmar endorsed an ETH-based remittance system designed for sending payments between the two countries.

Analysts Flip Bullish En-Masse As Bitcoin Price (BTC) Blips Past $5,700

Over the past 48 hours for some reason or another, Bitcoin (BTC) bulls have begun to return en-masse. As of the time of writing this, BTC is currently trading at $5,590, finding itself up by around 6% in the past 24 hours.

Crypto assets as a whole have yet to post similar gains, leading some to postulate that Bitcoin’s recent rally has much to do with the Tether and Bitfinex news, but some are sure that BTC will continue higher in the near-term.

Analysts Expect Bullish Follow Through 

While some cynics see Bitcoin as overextended in the short-term, the evidence is mounting that a move higher may just be in crypto’s cards.

Murad Mahmudov, Adaptive Capital’s chief investment officer that is 75% sure the bottom is in, noted in a recent chart that the liquidity gap between $5,600 and $6,400 could attract BTC rapidly towards that level. He points out that a similar occurrence came to life when BTC rallied past $5,000 on April 2nd, as a lack of liquidity (meaning little short-term resistance) in the mid-$4,000s aided bulls greatly.

For this to move to come to fruition, however, Bitcoin will need to break past the $5,600 resistance and set up shop above that key local level.

According to key technical readings, such a sustained breakout may soon come to fruition.

In a tweet posted Thursday, Peter Brandt, a legendary commodities trader with decades in the biz, revealed that Factor’s benchmark moving average for Bitcoin’s weekly chart has begun to trend higher. The last time such an event was seen was when BTC “began its move from $340 to $20,000.”

It is important to note that last time Factor’s moving average reversed from a downtrend, BTC was susceptible to one more pullback before embarking on the aforementioned parabolic run.

Moving averages aside, on-balance volume (OBV), a technical trading signal that weighs both volume flow and price action to determine market momentum, has continually trended higher since January. As analyst Income Sharks points out, the fact that Bitcoin’s OBV has not broken a clear uptrend, and that it continues to establish higher lows has him convinced that the recent foray past $5,600 is not the end of bulls’ ongoing reign.

And even if this technical analysis is moot, there is always the chance of a short squeeze. Since the NYAG released its report about Tether, the number of Bitcoin short contracts open on Bitfinex has rallied from 25,000 to 29,894 — an increase of 20% in under a week’s time. Alistair Milne, the chief investment officer of the Atlanta Digital Currency Fund, claims that with Bitfinex users liquidating their Bitcoin and withdrawing funds en-masse, coupled with the margin funding rates on the platform skyrocketing to 0.09% a day, there is a “high risk of a very significant short squeeze, especially if BTC withdrawals continue.”

Bitcoin Isn’t Home Free Just Yet

While the crypto bulls, or wolves rather, are howling for the moon, BTC isn’t exactly ready to skyrocket just yet. That’s what some analysts expect anyway. Dave The Wave explains that his model, which shows that a parabolic curve has depressed BTC throughout all of 2018, shows that Bitcoin is currently encountering resistance, and has yet to break through.

In another chart, he noted that Bitcoin’s Moving Average Convergence Divergence (MACD) reading is currently “rolling over the zero line.” The last time BTC saw such similar action in this specific reading was when the cryptocurrency market saw one final capitulation event before heading decidedly upward.

But technicals and charts aside, fundamentals are surely leaning in Bitcoin’s favor. As Tom Lee of Fundstrat recently remarked on a CNBC “Fast Money” segment, the transactional value of on-chain BTC transfers has turned positive on a year-over-year basis, while the average daily transactions processed have almost reached all-time highs. What’s more, big names, both in terms of institutions and corporations, continue to siphon time, capital, and talent into this space without much of a concern.

Featured Image from Shutterstock

Facebook Reportedly Looking for Partners to Launch Crypto-Based Payments System

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Facebook has reportedly been in talks with various payment processors, e-commerce merchants, and other financial firms to get them to support a cryptocurrency-based payments system it’s currently developing.

According to the Wall Street Journal, the social media giant has reached out to companies like Visa and MasterCard about the project, which is reportedly known as ‘Project Libra’ in the company. It will reportedly include a blockchain-based cryptocurrency pegged to the value of the US dollar, a stablecoin.

Some of the use cases being considered for Facebook’s stablecoin include allowing its WhatsApp messaging service users to send money to one another, and rewarding users with a fraction of a coin for looking at ads.

The social media giant is also looking to recruit e-commerce firms and apps to accept its cryptocurrency and integrate it as a payment system, in a way similar to how websites and apps currently use Facebook to let users log-in.

The firm has been acquiring blockchain startups for months now, and it’s well-known it has a team working with blockchain technology. While Facebook hasn’t officially confirmed it is launching a cryptocurrency, previous reports suggested it already contacted crypto exchanges about listing it.

To support its stablecoin-based payments network, Facebook is said to be looking for up to $1 billion in investments as collateral. Analysts have estimated Facebook could bring in as much as $19 billion until 2021 thanks to the launch of a cryptocurrency.

Recently, the social media giant announced a major shift to focus on privacy, with CEO Mark Zuckerberg revealed payments and private commerce are going to be an important part of Facebook’s future.

Some believe that if e-commerce takes off on Facebook’s various platforms, it could see brands spend more on advertisements with it, and consequently increase revenue. New revenue streams may also be created if users adopt its payments features.

Henry Liu, a former Facebook employee and a managing partner at a blockchain investment firm, was quoted as saying:

Payments and commerce are Facebook’s only way out from its freemium, advertisement business model.

Notably Gavin Baker, a former Fidelity Investments portfolio manager, has in the past stated he believes Facebook’s stablecoin will likely be a “serious threat” to companies like Visa and MasterCard. This, as the social media giant doesn’t need to monetize transactions by charging a processing fee.

Singapore Central Bank Says It ‘Does Not See Much’ in Ripple’s Cryptocurrency

A senior official from Singapore’s de facto central bank said it cannot find potential in payment network Ripple in comments during a conference panel on May 2.

Speaking at MIT’s 2019 Business of Blockchain event, Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore (MAS), discussed the city state’s pro-blockchain stance and its progress implementing the technology at a national level.

Mohanty was commenting on the back of a cross-border payment trial that MAS conducted with Canada’s central bank earlier this week.

Formed by linking up the two states’ distributed ledger technology (DLT) networks, Project Ubin and Project Jasper, the funds transfer marked the first-ever such payment between two central banks.

At the same time, Ripple has sought to gain banking sector interest in its products, which utilize the XRP token to provide borderless payments.

One such implementation — MoneyTap — has seen considerable interest from Japanese banks, following Ripple’s long-term partnership with SBI Group.

For Singapore, however, it is hard to see tangible benefits, according to Mohanty.

“One thing which has been very compelling for us is the whole efficiency gain coming to cross-border payments,” he said about the DLT trial. He added:

“We don’t see much in the Ripple bank digital currency, but definitely still a lot of hope that we can remove a lot of inefficiency […] when it comes to cross-border payments.”

As of early 2018, Ripple had been in talks with MAS about potential use cases for its technology.

Buy Bitcoin Before Next Bull Run in H2 2019, Fundstrat Analyst Advises

Bitcoin’s (BTC) price may pull back soon, but investors should leverage it to buy more, Bloomberg quoted market strategy firm Fundstrat Global Advisors as saying on May 3.

In a note to clients on May 2, Fundstrat analyst Robert Sluymer said that while bitcoin’s current strength marks the start of a longer-term bullish trend, the accumulation phase is not yet over.

BTC/USD has climbed throughout this week to hit 2019 highs on Friday, continuing on to achieve its highest levels since November 2018’s breakdown.

“Use pending pullbacks to continue accumulating Bitcoin in the second quarter in anticipation of a second-half rally through ~6,000 resistance,” he advised, signalling volatility should appear in the short term. Slyumer continued:

“While it’s premature to conclude Bitcoin will not retest support near $4,300, we would encourage traders and investors to remain focused on the bullish longer-term technical profile developing.”

Sluymer was following increasing bullish sentiment on Bitcoin from analyst circles, which this week included fellow Fundstrat executive Tom Lee, who also revealed he was positive on the coming year.

Specifically, 2020 should see Bitcoin post new historic all-time highs above $20,000, according to Lee.

Around the time of bitcoin’s November collapse, Sluymer had meanwhile correctly anticipated the trouble ahead, warning it would take time for bitcoin to recover its technical robustness.

Bitcoin Breaks Multiple Supports to Trade Above $5,800 as All Top 20 Coins Rally

Friday, May 3 — the crypto markets have rallied today, with bitcoin (BTC) breaking new 2019 highs. All the top 20 cryptocurrencies by market cap are seeing significant gains over the past 24 hours, as well as over the past 7 days to press time.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin has broken multiple price thresholds over the day, having surged to as high as $5,854 from an intraday low of $5,448. At press time, the biggest cryptocurrency is trading at

$5,808, up 6.5% over the past 24 hours. Following a significant price surge, bitcoin is up almost 10% over the past 7 days.

Bitcoin’s dominance has also increased, up from 54.5% at the beginning of the day to 55.2% at press time.

Bitcoin 24-hour price chart

Bitcoin 24-hour price chart. Source: CoinMarketCap

Ether (ETH), the second-largest cryptocurrency by market cap, surged about 5%, trading at around $170 at press time and seeing 8.3% growth over the past 7 days.

Ether 7-day price chart

Ether 7-day price chart. Source: CoinMarketCap

XRP, the second-top altcoin, rose 2.4%, trading at $0.312 at press time. Over the past 7 days, the cryptocurrency is up 5.7%.

Ripple 7-day price chart

Ripple 7-day price chart. Source: CoinMarketCap

Total market capitalization spiked to as high as $187 billion today, down to $186 billion at press time. Daily trading volume has again broken $50 billion to account for more than $56 billion at press time.

Total market capitalization 7-day chart

Total market capitalization 7-day chart. Source: CoinMarketCap

Out of the top 20 cryptocurrencies by market cap, Cosmos (ATOM) is seeing the biggest gains over the day, up more than 10%. Ranked 15th on CoinMarketCap, the altcoin is now trading at 4.8%, while the coin’s market capitalization accounts for $950 billion.

Earlier today, citing an analyst at market strategy firm Fundstrat Global Advisors, Bloomberg reported that bitcoin’s price may pull back soon, but the accumulation phase is not yet over.

Also today, the Wall Street Journal reported that social media giant Facebook is seeking a $1 billion investment to develop its rumored cryptocurrency project Facebook Coin. According to the report, Facebook is now discussing potential backing from major payment operators Visa and MasterCard.

Yesterday, American asset management firm Fidelity Investments published the results of a survey claiming that 22% of institutional investors already own digital assets.

Also on May 2, Intercontinental Exchange Inc, the owner of institutional crypto trading platform Bakkt, told Reuters that it took advantage of the bear market to buy crypto assets at a discount.

Microsoft Offering Managed Blockchain Service, Attracts JP Morgan as Customer

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