Bitcoin (BTC) and Crypto reach 12 million people in 60 minutes – plus Ripple and XRP, Ethereum, Stellar, Litecoin, Tron, Enjin
From Bitcoin’s big night in the spotlight to the roadmap for a new Ethereum upgrade, here’s a look at some of the stories breaking in the cryptocurrency world.
The popular news show 60 Minutes has just introduced Bitcoin and cryptocurrency to an audience of more than 12 million viewers.
The article looks at the beginnings of BTC, its meteoric and volatile rise in value, how coins are mined, what makes the technology innovative, and why Bitcoin was created in the first place.
“Shortly after the collapse of Lehman Brothers during the 2008 financial crisis, this paper began circulating on the internet. It suggested creating an electronic cash system that would allow people to pay each other online without going through a financial institution. To date, no one has the faintest idea who the newspaper’s author, Satoshi Nakamoto, is. But he or she or she developed some ingenious software that anyone in the world could download to their computer for free.
The computers running the bitcoin software could then work together over the internet and perform functions normally performed by banks, such as keeping accurate records and protecting themselves from fraud. The computers keep a constantly updated record of transactions with Bitcoin. The data set is known as the blockchain, and so the network keeps track of who owns what. One of the most innovative features of the system is that every computer on the network can keep a copy of these records showing every transaction ever recorded. “
The segment also includes an interview with Laszlo Hanyecz, the man who became a crypto legend for spending 10,000 BTC on pizza in what is believed to be the first real transaction involving crypto.
Ethereum-based development studio ConsenSys has published a roadmap for the upcoming upgrade called Serenity 2.0.
The update will move Ethereum to proof-of-stake, implement an improved virtual machine and add shard chains to support higher transactions per second and new data protection, permissions and governance models.
Ripple and XRP
The crypto startup Kava Labs, supported by Ripple, has published technical data on a stablecoin that is pegged to the US dollar and secured with XRP. The specs were first discovered by a crypto detective on Twitter.
– Crypto Invest (@GermanCryptoInv) May 16, 2019
Kava Labs has confirmed the project is real, but told AMBCrypto that it is still in the exploration and feasibility stages.
Litecoin is back in the ring at Glory 65. The Litecoin Foundation is a new brand partner of Glory, a world-class kickboxing league, and the Altcoin was advertised at a recent event in Utrecht, the Netherlands.
Only one of the Litecoin placements in the ring at # GLORY65! ⚡️🥊
Follow the live action now at: https://t.co/YZ8eMU0pig @GLORY_WS #LitecoinFam pic.twitter.com/wCFJnnc1MU
– Litecoin Foundation (@LTCFundation) May 17, 2019
Poloniex crypto exchange says it is pushing to give users more value from their crypto holdings, starting with Stellar inflation premiums.
“The Stellar Network issues new Stellar Lumens at a rate of 1% per year to token holders who receive 0.05% of the network votes (1 Stellar Lumen = 1 vote). We will soon start voting for our hot wallet with our cold storage addresses.
Once activated, we will automatically pass these rewards to eligible customers on a weekly basis in proportion to the amount of Stellar Lumens they hold at Poloniex. “
Tron founder Justin Sun sat down for a new interview with BLOCKTV.
Sun offers his opinion on the recent crypto rally, saying that he believes new regulations for cryptocurrencies will help spark mass adoption.
The future of @Tronfoundation, @ VitalikButerin rivalry, details of a new partnership and its #bitcoin price prediction. @justinsuntron talks about it in this interview: https://t.co/tjL277dYf2 pic.twitter.com/qTssPZzaeJ
– BLOCKTV (@BLOCKTVnews) May 14, 2019
The Enjin team says it is bringing blockchain technology to the popular Minecraft game. Enjin told Coin Rivet that the new plugin will create worlds in which players can complete tasks and earn tokenized rewards.
“We’re going to make our Minecraft plug-in available to the public, and that means every Minecraft server can now integrate blockchain …
We are expanding this Minecraft server with a cool little medieval world. It’s really exciting and it will be the first Minecraft example that we publish. “
Check out the latest headlines
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