Morning Market Recap: June 29th, 2017 - Minor market movement
Market Summary
Market Cap: $103,371,942,436
Not a whole lot of movement this morning, as the majority are in single digit percentages. Antshares / NEO is the only one in the top 20 that shows green over the last 7 days, with a double digit jump over the last 24 hours.
News
Researcher: ‘Here’s Mathematical Proof the Lightning Network Will Be Centralized’
https://news.bitcoin.com/mathematical-proof-may-show-lightning-network-is-heavily-centralized/
The article suggests the primary problem with bitcoin-based Lightning Networks is that the payment channels it uses necessarily bring about centralization. This is especially a problem, says the author, because lightning network tech is touted by its supporters as a peer-2-peer, decentralized system for conducting off-chain transactions using payment channels. ”To reach anyone in a big network with a series of branching channel connections, you either need a large number of channels, or a large number of hops. Both are a huge problem. A large number of channels means users have to divide up their funds and can’t do anything except tiny purchases. And a large number of hops means everyone’s money will be tied up routing everybody else’s money.”
NEM Foundation Opens First Blockchain Center in Malaysia
The partnership’s first initiative will be to open a Blockchain Center in Kuala Lumpur, Malaysia, to serve as an incubator, accelerator, and co-working space. Scheduled to open in August 2017, the 10,000-square-foot Blockchain Center will house the NEM Blockchain Innovation Lab, a headquarters for research and development as well as regional support for organizations interested in using the NEM platform within their IT infrastructures. Later this year, NEM plans to work with Blockchain Global to develop a cryptocurrency exchange for the NEM ecosystem. Blockchain Global previously built ACX.io, Australia’s largest Bitcoin exchange by volume.
The Online Porn Industry Continues to Adopt Bitcoin for Payments
https://news.bitcoin.com/porn-industry-adopt-bitcoin-payments/
The global porn industry is a multi-billion dollar operation that continues to grow bigger every single year. Although the discussion of porn and bitcoin may be unfavorable to certain cryptocurrency proponents, the decentralized currency is used quite a bit within the adult industry. In 2017 there is a vast array of online porn sites that accept bitcoin for payments such as Amateur Canada, Hustler, alongside giant sized adult service providers such as Xhamster, Porn.com, Naughty America, and more. “Bitcoin profit is not as big compared to traditional billing methods yet, but it’s growing. And what’s very important for our members, it’s anonymous (actually pseudonymous). Bitcoin helps to avoid those awkward moments for guys when the credit card statement arrives and the wife starts asking questions. Why do we as the recipient love Bitcoin? There are no chargebacks.”
5 Takeaways from the Dash Hong Kong Statement
https://www.dashforcenews.com/5-takeaways-from-the-dash-hong-kong-statement/
https://medium.com/@eduffield222/hong-kong-research-and-planning-4206e065aa9c
Evan’s Still Involved. Massive Scaling is Planned (400MB blocks). Dash-Specific Hardware Will Be Needed (masternodes to run on specialized, custom-built hardware). Masternodes Will Need to Step Up. Slow and Steady Will Win the Race.
Famed Investor Mark Cuban Will Directly Participate in a Forthcoming ICO
http://www.altcointoday.com/mark-cuban-will-directly-participate-in-a-forthcoming-ico/
Revealed exclusively to CoinDesk, Cuban portfolio company Unikrn is currently circulating an update to its investors about a forthcoming ICO intended to supplement the venture capital it has already raised. In the year since the token launched, Unikrn has transacted over 250 million unikoins, according to the company’s founder, Rahul Sood, who tells the plan was always to switch the coin to a more secure cryptographic token. The 1 billion new tokens – called UnikoinGold – that will eventually be minted will adhere to the ERC-20 ethereum standard and, based on a timeline in the investor update, the formal marketing of the token will begin no later than August. A launch of the live coin integrated with an underlying infrastructure and wallets is set to go live on 31st August.
Great job compiling all good information in one place! Following you!