Crypto News: Bitcoin, Overstock, Ethereum Classic, Brave, IOTA, Monero (beginning of January)

by birtanpublished on August 23, 2020

Hello this crypto coins and welcome to another video in my cryptocurrency news series in which I am looking the most interesting news and developments in the cryptocurrency world that happened this week so today I'm looking at and it didn't happen at the beginning of

January 2018 19 as always thank you very much for watching I hope it will be useful indeed first of all the market situation which is ok-ish so we did have some small gains this week it does seem that the price has stabilized so far so

The Bitcoin is around 4k with some minor game or over a most alphas gain in value IATA lost a little bit but overall most of them are doing ok now the other trend does seem to go up still but we are at the stage where any major news could

Reaffirm the price is nificantly some something to be very as an investor I am still quite optimistic long term however now in terms of the actual news first of all we did have bitcoins birthday so on 3rd of January Bitcoin had its tenth

Birthday basically 10 years ago of 2009 the Bitcoin network was created when Satoshi Nakamoto mind the first block of the chain knows known as the Genesis block which officially marks the start of the blockchain now obviously we do

Know the bitcoin is pretty old technology and it does have the disadvantaged but you know that many people were still considered to be quite outdated however there's absolutely no doubt that without it we would not have

Been what we are today in terms of cryptocurrencies of ten years from now on and we do have over 2k cryptocurrencies 16 plus K markets and a combined market couple of around hundred and thirty billion so definitely you

Give Bitcoin didn't exist we would not have been where we are today so even if you hate Bitcoin you do have to appreciate it for what they've done now the first book was titled with the following text the times full of January

2019 chancellor on brick of second bailout for banks now the reason why you used it but obviously it's got to do finance as well but it was a day on this other date London Times run a cover story that was

Basically title to this and the note has been interpreted as both the time stamp and a comment on the instability caused by fractional reserve banking so anyway good job Bitcoin happy birthday and I do hope that you still gonna be doing well

Even though by many are considered outdated there is no doubt that we wouldn't be here without you then another news is about the overstock retailers on 4th of January leading online lead retailer overstock.com

Announced today that it will become the first major US company to pay a portion of it Ohio State business taxes in Bitcoin using the state's new cryptocurrency taxpayer clad from Ohio crypto calm Ohio it is the first US

State to offers a cryptocurrency payment system for state business taxes overstock on the other hand became the first major retailer to accept cryptocurrencies for purchases and I was way back in 2014 so a very long time ago

That same year the company also founded Medici ventures it's a fully owned blockchain subsidiary focusing on applying blockchain technologies to existing industries so obviously both of them pretty pretty major players in

Cryptocurrency space now how does blockchain in crypto currency scenes have been growing because of that and also overstock seems to be embracing the currency for a very long time so really the partnership is not surprising but

Still a pretty big milestone even though it doesn't really matter for now it could be something that's gonna stop a trend which could increase the demand for of the currency and also use cases for cryptocurrency

Then we have news that not-so-positive and that's about it cerium classic which suffered 51% attacks on 9th on sultanate of january it was revealed that unknown hackers may have successfully hijacked the etherium classic blockchain through

The so called 51% attack which essentially means they're only majority of notes or only majority to power on the notes meaning they can control a deduction and do whatever they want to do with it now an

Analyst from coin Escom detected a certain abnormality in regard to the mining hash rate of the ETM classic network a private poll managed to increase the hash rate meaning the power of mining significantly on January 6th

Making itself their largest port and essentially giving them the control of the network which then they could have done whatever they wanted to do with it as a result could exchange combi stock which has quickly stopped or you know

Classic transactions withdrawals and deposits as well due to a series of boxing history reorganizations on network other exchanges like gate that io also reported that their issues with the theorem classic the actual amount of

Stolen money is so very unclear but it's obvious that the network has been attacked and obviously the story is still developing assume classic lost somebody as a result but I would come expelled it

Was more some not sure if the losses will not be even more significant long term because it's really not good for the network and for the future of the network we'll see if it's around classic manages to actually recover then use

Above brave and this one is quite positive so brave published an update on free from January as a no brave is incorporating basic attention token as well and they are knows a progress with the project through 2018 highlights and

First of all their user base grew from 1 million to 5.5 million they did have a major redesign of the desktop browser as 22% faster supports nearly or Chrome extensions and features the new brave rowers as well they do have an Android

Browser that passed 10 million downloads in August twenty percent of the users are on desktop for brave and eighty percent our mobile seven percent growth or that verified publishers which I am on of them for example before 28k of

Those actually existing already that includes obviously YouTube channels and twitch streamers they do have new partner ships Dow Jones made Media Group search and it's quant and Duck Duck Go HTC

Civic and add leisure doctoring consortium which incorporates quite a lot of dogs in focus companies overall I'm quite optimistic of a break I like the browser uses myself I also used the but incorporated in it and I

Think the future looks good for both I think some of the most promising cryptocurrency projects out there and what that could actually bring more users into the blocks in space now the upcoming brave ads where users are

Actually paid to be watching the ads that's gonna be coming possibly this year something that could revolutionize internet advertising and really bring basic attention tokens to the new highs the news about iota and a pretty

Interesting partnership so on 8th of January iota has announced a partnership with IBC as group world tango technology and mask authenticated messaging protocol will be supporting I we see as Poland

With a solution to track and trace assets on the supply chain now the iota power solutions aim to support a bcs group customers in improving the delivery planning and shipment by ensuring a cross system management of

Assets for example stuff like palettes windows or anything really like this that's gonna be used to move goods across Central Europe now keep in mind there's quite important that this is just improve concepts but a BCS trucker

That already operational was built using a gotas open source tracking trace application as a starting point and that's available from companies to use and start to build tracking solutions for the market and it's certainly in my

Opinion does seem to be a very fitting use case for iota well I already did happen partnerships this does seem to be a real-life application and adoption on the project so that's certainly very significant for the project which i

Think is doing pretty good last news about Manero and this one is not positive because it turns out the menorah is actually not accepted in the four night store so first of January money appeared as a

Payment system in the official 4/9 merch store on merge dot for my comm it appeared that the option was actually provided for a global cryptocurrency payment provider called globey and it turns out it actually was a mistake

What is the foreigner you probably heard of it if not it's a battle royale on a video game I was first released in 2017 by a company called epic games that could really be currently considered the most popular game in the world arguably

Obviously was certainly one of the most popular ones so if they did have a usage of cryptocurrency it would absolutely be huge no sorry it does turn out it was a mistake as admitted by the CEO of Epic Games many indie support was added by

Accident when they were doing work in the store partner he also added that many of them I think are big fans of the decentralized company in tech that underlying cryptocurrency but also that epic doesn't have any cryptocurrency

Partners and aren't in any crypto partnership discussions with anyone so even though they like the idea they're not really in discussion if Montero was accepted by a mistake which is not great anyway that was it for this video I hope

It was useful and I hope you enjoyed it as always thank you very much for watching I'll see you in the next video subscribe for more I do love you Cheers bye

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