Today we have a Daily Token Review and three really awesome cryptocurrency news segments to share with you. Now just before I give you an overview — I want to announce yesterdays winner of the 10 dollars Cardano giveaway. I love to thank everyone who participated, now as you guys can see it is truly a random winner giveaway, and the winner yesterday is Luella TEN! Congratulations Luella TEN, please reply to our comment with your Cardano address.
Once again, to continue with our series of giveaways, today we are giving out 10 dollars worth in TRON!! All you need to do is like this video, subscribe, and comment down below. The winner will be picked at random. So make sure you stay tuned and don’t forget to leave your comment below!
When it comes to today’s news, first up, it seems the good times are here again, as the multi-billion dollar social media giant, Facebook has lifted the ban on cryptocurrency adverts. Second up, Dapper Labs, the creators of the hugely successful CryptoKitties collectibles, has released a new Ethereum-based wallet called Dapper. Thirdly, DRIVE Markets has partnered with Bitcoin Cash SV to launch DRIVE Pay. An enterprise payments solution determined to dethrone existing projects such as Ripple, Stellar and others.
As seen on CoinMarketCap, we have reds primarily on the market with the Bulls struggling to maintain momentum overall. The world’s flagship cryptocurrency, bitcoin (BTC) is gaining by 3.53 percent. Ether (ETH) still maintains its “second in command” status and has decreased by 0.55 percent. Ripple’s XRP sits at the number three spot, and it has decreased by 2.07 percent, while Binance Coin (BNB) has lost a massive 10.87 percent probably due to the recent $40 million hack. Now, if I scroll down to the top 20, we’re also having mixed scenarios. TRON has decreased by 7.93 percent, while Cosmos is falling further with an 11.98 percent decrease while Tezos and Neo are falling by 7.82 and 6.11 percent respectively.
Now, onto the news! According to a report by Cryptoslate, social networking site, Facebook has updated its ads policy, to make it possible for legitimate crypto-based businesses to advertise on the platform once again. The firm has reportedly said that since outrightly prohibiting all forms of cryptocurrency adverts last year, it has listened to the numerous feedback from users and has now decided to tweak its policy a bit to give non-fraudulent projects a chance to showcase their products and services on the platform. “While we still require people to apply to run ads promoting cryptocurrency, starting today, we will narrow this policy to no longer require pre-approval for adverts related to blockchain technology, industry news, education or events related to cryptocurrency,’ declared the Facebook team.
While the cryptocurrency ads can now fly again on Facebook, the platform has made it clear that adverts promoting initial coin offerings (ICOs), as well as contracts for differences (CFDs), remain prohibited on the site. Though the banning of crypto ads by Facebook, Google, and other sites did not succeed in killing the cryptospace, the unbanning of cryptoassets adverts is definitely a good thing for the markets, as it goes a long way to show that the industry is not just all about scams and volatility.
Now, onto the second news item for today! Per a report by Coindesk, Dapper Labs, the blockchain product behind the CryptoKitties collectibles that took the entire cryptospace by storm in 2017, has announced the release of its Dapper Ethereum smart wallet to make it easier for people to use their collectibles and cryptoassets. Commenting on the matter, CEO of Dapper, Roham Gharegozlou reiterated that: “We’re building Dapper because blockchain is still too hard to access, use, and understand. Dapper’s goal is to make it easy and safe, starting with the technical and design breakthrough of the smart contract wallet itself.”
Explaining further, Gharegozlou said that Dapper eliminates the need for people to store their digital assets on centralized exchanges where they could be stolen by hackers. “Dapper secures assets in an open source smart contract and gives the user the master keys, optionally staying on as a co-signer to provide features like prepaid transaction fees and fraud monitoring.” The team says the new Dapper wallet will support existing Ethereum assets such as Decentraland, a virtual reality ecosystem that allows users to create, experience and monetize content, MixMarvel, Etheremon, and others.
Now, onto the third news item for today! Per a report by U Today, DRIVE Markets, a platform that claims to be a regulated exchange trusted by brokerages, banks and professional traders, have partnered with Craig Wright’s Bitcoin Cash SV (BSV) to launch DRIVE Pay, a multi-protocol, clearing and settlement network aimed at eliminating the shortcomings of other payment networks like Ripplenet. Launched in April 2019, the DRIVE ecosystem which is backed by Calvin Ayre, one of the founders of BSV, is made up of DRIVE Markets, DRIVE Pay and DRIVE Banking. Just like Ripple, DRIVE Pay aims to help users facilitate cross-border payments in real-time. However, the team claims it plans to do a better job than the former.
Explaining the reason behind its decision to build its DRIVE Pay enterprise payments solution upon the Bitcoin Cash SV blockchain network, especially at a time when established exchanges like Binance, Kraken, and others have delisted the digital asset, the CEO of DRIVE, Kate Hiscox claimed that the qualities of the BSV network are in line with DRIVE’s vision. In her words: “We looked at existing blockchain networks in terms of capability and token characteristics, and the Bitcoin SV teams (including nChain) impressed us with their roadmap for massive scaling of the BSV blockchain, enterprise-first approach, and regulation-friendly mindset.”
So what are your thoughts on this situation?
Do you think Facebook’s latest crypto-friendly policy could trigger another bitcoin price rally? What do u think about Dapper? Will it gain significant traction like CryptoKitties? And what are your thoughts about DRIVE Markets’ BSV adoption? Will it boost the price of BSV? If you liked the content, please subscribe and watch our latest videos. It’s Cindy with CryptoPig, Catch you guys around!
Please join us at our Telegram Group and follow us.
Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.