The price of Steem jumped over 17% based on the rumor that Justin Sun of Tron (TRX) had offered to buy Steemit. At this point the buyout is only a rumor, but that did not stop the price of Steem from rising over 17%. The price has stabilized to an approximate 10% gain as the rumor has not been confirmed.
The Steemit platform is a unique blogging platform that is full of crypto savvy bloggers who use the blockchain to post content for pay. Bloggers are paid in Steem which can then be sold or used to “power up” their Steem account.
Justin Sun has both a strong social media presence and an active community. The combination of this community with the Steemit community could be an interesting dynamic in the crypto world.
Steemfest addresses the recent purging and censorship of creators on Youtube. “Users are not the product” is one of the themes of Steemit. You may be paid for your content without the threat of censorship.
3speak is the future of media. 3speak.online is a platform which provides a safe haven for content creators who have been demonetized and deplatformed. The site is free to use and rewards content creators with cryptocurrency.
Bankera has announced a new lending solution for cryptocurrency holders. Bankera loans will offer flexible loans backed by cryptocurrency. The move is a welcome addition for the many crypto holders who need liquidity but do not want to sell their position in the volatile crypto market.
By using their cryptocurrency as collateral, investors can secure financing quickly and securely.
As block chain technology becomes more common, we will see a host of services offered for holders of cryptocurrency.
Money Button is a peer to peer payment system which runs on Bitcoin SV. Your money button wallet has a deposit address just like any other crypto wallet, but they have also added a nice touch to their payment system. Once you create a Money Button account, you can register a paymail address to your wallet. Your address would be a name you have chosen @paymail.
I think the best description of the new platform, Twetch is what I call Crypto Twitter. The platform operates in a similar way to Twitter but it is monetized with Bitcoin SV.
The platform is unique in that you not only can earn Bitcoin SV, but you also pay to follow, post and comment. You must open a Money Button account and deposit Bitcoin SV to get started on Twetch. As of now the cost in dollars to follow someone is 10 cents. You also have the option to post, comment, and like a post for a price of 4 to 8 cents.
The fact that you must pay to post cuts down on spam dramatically. As you develop a following you will also receive payments from likes and follows. The platform is very new, but I find it quite fascinating that users will actually pay to post. I’ve only been on the site for a few days, but I’ve received payments for likes and follows. I can see that developing a following on Twetch could become lucrative at some point, but for now I’ve enjoyed being part of the Beta testing.
For more information on Twetch, visit their Twitter page for the latest news.
Everyone knows the ability to scale is one of the most important factors for a cryptocurrency. The CUI or Capacity Utilization Index gives us a clear picture of which cryptos have the capacity to scale. In simple terms, CUI is a ratio of how many transactions have occurred during a day and how much blockchain capacity is left.
As you can see in the table below, EOS has the most transactions while using 32.74% of the blockchain’s capacity. TRX has the second most transactions, but is using only 1.06% of it’s capacity. KIN is number three and is using 10.77 % of capacity. Steem has the fourth most transactions, but is only using .08% of blockchain’s capacity.
While Bitcoin is number five in the number of transactions, Bitcoin is using 89.95% of blockchain capacity to conduct these transactions.
As more and more people use cryptocurrency, the abilbity to scale will become all the more important. Without scalebility, transaction times and confirmation will be too slow for day to day use.
Binance US has now opened. Crypto lovers are hoping the opening of Binance US is a good sign for US investors. Americans have seen several large exchanges ban US users. Increased regulations in the US have made operating an exchange in America a difficult task.
Even now, all states are not able to participate in trading on Binance US. New York is one of the states which is currently closed to crypto investors on Binance.
While investors in the US remain hopeful, increased regulations and the question of which crypto are considered securities has forced many exchanges to exclude the US market from trading.
This is an interesting take on Blockstream and Bitcoin. We all know that Bitcoin has been hampered with the lack of an ability to scale. Transaction fees are not consistent and Bitcoin transaction times can be quite slow as compared to other cryptocurrencies. The question this video ask is “Are the side chains designed to help the problem or will they be the downfall of Bitcoin?”
What effect will diverting profits from Bitcoin miners in favor of developers have on Bitcoin?