On today’s episode of The Cryptoverse…
I have hand picked another 4 top crypto news stories for the day, plus I’m including a chart of the day segment as the 5th story, today we’re going to look at Veritaseum.
Stories today include:
Stratis 1:12
Blockchain Developers 3:39
USDC Back Door 5:15
CoinText 6:56
VERI/BTC Chart 9:00
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Microsoft has recently approved Stratis for quick deployment on their Azure cloud hosting platform
https://azure.microsoft.com/en-us/blog/azure-marketplace-new-offers-volume-20/
https://stratisplatform.com/2018/05/09/stratis-ico-platform-release/
Despite the bear market Demand for Blockchain Engineers Has Grown 400% Since End of 2017
https://cointelegraph.com/news/demand-for-blockchain-engineers-has-grown-400-since-end-of-2017-report-says
Coinbase’s New Stablecoin (USDC) Could Freeze Funds and Censor Accounts
https://www.cryptoglobe.com/latest/2018/10/coinbases-new-stablecoin-usdc-could-freeze-funds-and-censor-accounts/
The DAI stablecoin:
https://coinmarketcap.com/currencies/dai/
And the upcoming kUSD:
https://kowala.tech/
We also have the bitUSD but liquidity is a bit on the low side
https://coinmarketcap.com/currencies/bitusd/
CoinText Expands Operations to Romania, Croatia, Poland, Brazil, Aims to Make it Easier to Spend Bitcoin Cash (BCH)
https://www.cryptoglobe.com/latest/2018/10/cointext-expands-operations-to-romania-croatia-poland-brazil-aims-to-make-it-easier-to-spend-bitcoin-cash-bch/
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Great post. Thank u for sharing
Its good of you to mark, that the stablecoin backdoors are regulatory necessities. The good thing about establishing Crypto as new standards is more and more adoption. But in the same time, this new field becomes more and regular(toried)...
Thanks for the show!! Great news about Stratis ...... except ..... aren't ICOs dead?? Unless they can adapt it to STO/ETO, it may be a bit of a white elephant. With devs in such short supply, surely projects like NULS and Lamden may be good to look at - simple adoption using existing dev skills. btw love Cointext - great way to demo blockchain - would love to see it support EOS!!!
Thank you for mentioning the Dai. I'd not heard of it before
Its awesome that you covered Veritaseum's chart, but have you done a deep dive into Reggie Middleton and this project? Seems like one of the best examples of disintermediation in aspects of the financial markets, particularly by disrupting the research subscription / newsletter model for investing. I think you would find it interesting.
.. and Reggie's track record is pretty impressive on its own.
lol, more like Unstable coin. come on coinbase be better
All this talk about "cups" has me running to the kitchen for a cup of coffee! Thanks for the info sir!!!!
Thanks buddy for sharing this info. Your posts are always amazing. @marketingmonk your name is perfect according your posts.
With everyone seeming to be jumping on the stablecoin bandwagon I just end up trusting them less. Especially those from exchanges with government oversight. I guess I can see a reason for them for the professional fund investor, but not for most of us. Buy and hold vs. timing trades. Buy and hold just sounds safer. Maybe it's just me.
Seems like you really called it when you said 2019 will be the year of the stable coin. I hope no one was surprised that USDC can be frozen and censored. You can't expect anything else from a behemoth like Coinbase who has to follow all the regulatory rules. At the end of the day it's still a bullish sign over all, in my opinion, that the big boys are creating stable coins. Just a sign that crypto really is going have a huge role in finance.
Still if I decided to use a stable coin it would definitely be DAI.
And speaking of bitUSD, I can not wait for BTS 2.0! Hopefully Dan is hard at work on it right now and implementing some innovative new on chain solutions that allow for greater liquidity. I wonder if it would be possible to implement something along the lines of Liquid that was able to connect multiple DEX platforms. Probably not.
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I wonder if Microsoft really knows of Stratis is or if for them the Stratis 'app' it is just 'another' sw app that have passed the MS requirements of not being a virus or other malicious code ... true that using c# is a win win usecase for both, but I guess they didn't look carefully enough ... so first gitHub, now Stratis, what next ?! Bitcoin-Microsoft , Etherium-Azure? EOS-SQL ?!...
Cannot be a surprised that Coinbase would put these features to their stablecoin given their approach to comply with KYC/AML regulations. This is what surprises me so much that other stablecoins have not drawn more attention despite the continue burning of Tether coins.
Chris you always put out great content. I usually watch on YouTube but I really to switch over.
Always enjoy watching your content over on youtube. I like how you changed the format to include news along with a focus on a coin project. Keep up the good work Chris!
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Thanks for the heads up re the USDC Back Door. Always good to know what the potential instabilities of these "stable coins" are!
Re the Quint - thanks for searching for it! I found its website: https://quintric.com/ I first heard @Stan promoting it on @BlueRockTalk 's youtube channel. I think he may have said it was powered by the Bitshares blockchain on the back-end. He's one of its creators and I recall him saying that each Quint is backed by actual physical gold held in a vault in Utah. That facet of it definitely sounds pretty stable.
Stable coins are just as good as a dollar ... its backed by "money" but even money isnt truly backed .. rather have BTC volatility that been decreasing . BTC is still blossoming :)