COINFEED HEADLINES OF THE DAY
Movers and Shakers
Winners: Nebulus takes an 8% leap. Continued gains for 0x on Coinbase listing rumors.
Losers: Bytecoin is our biggest loser losing over 20% of its network value after getting delisted by Binance.
And now, the headlines of the day.
Neo Name Service
Neo released its Neo name service yesterday which is sort of like a domain name for your wallet address. The human readable wallet addresses help with creating a better user experience and could see increased adoption for the Neo protocol. Over 2000 names have already been auctioned off with bids starting as low as sixty cents.
Is that my BCH EX?
Roger Ver says he is planning a Bitcoin Cash based exchange. This is probably a good move for Roger as he owns Bitcoin.com, a gateway for many into the world of crypto. The next step for Bitcoin Cash adoption would be to have as many BCH base pair markets as possible. It will be interesting to see if the markets will have any liquidity however. Of course that limitation can easily be masked with wash trading.
Not Really News-News
Jimmy Song recently tweeted that it would be more rational to use credit cards than spend Bitcoin prompting twitter users to poke fun at the cognitive dissonance. Of course unconventional wisdom is often, well unconventional. The notion that Bitcoin is a currency and its utility is only derived from transacting on its network is incomplete. And here’s why. There are several cryptoassets that are much better than Bitcoin as a spendable currency. Arguably, the best use for Bitcoin is as your savings account. You don’t spend money out of your savings account but you use it every day. Even while you and Bitcoin sleep (aww). While still a work in progress, it is the longest running blockchain that has yet to be hacked. Moreover, Bitcoin doesn’t have a central figure like Ethereum does with Vitalik. Even if Vitalik renounced his affiliation from Ethereum, in the way that Charlie Lee sort of stepped away from Litecoin, his reputation will always follow the asset. This is why we at Coinfeed stopped eating Jello.
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This show is slightly advanced. If you're just getting into crypto much of this will go over your head. But that's okay, we have a home for you too. Download the Coinfeed app and say hello. Someone there would be happy to help you.
We'll use this show to discuss cryptocurrencies (or as we prefer to call them: cryptoassets) such as Bitcoin. We'll also cover some alt coins from time to time. We likely won't mention any assets that have low liquidity since those assets are more prone to manipulation. Coins in our system include: Ethereum ETH, NEO, GAS, Litecoin LTC, Ripple XRP, Dogecoin, Pied Piper Coin PPI, Tether USDT, Stellar XLM, Nem XEM, Binance BNB, Kucoin KCS, ZCash ZEC, Monero XMR, Cardano ADA, Nano
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