JP Morgan Chase is reportedly now accepting clients involved in cryptocurrency. Chase has been a vocal critic of both Bitcoin and cryptocurrency for years. Many suspected that they were quietly investing in Bitcoin while discrediting the currency in public statements. I remember when Chase actually penalized customers with fees when they used a Chase debit to purchase Bitcoin.
Coinbase has reportedly become a Chase customer. By embracing such a high profile cryptocurrency business, Chase seems to be sending a welcome message to future cryptocurrency investment.
HIVE ranks #14 in the weekly blockchain activity report with over 304,000 operations during a 24 hour period. EOS continues to be the most active blockchain with over 72,000,000 operations during a 24 hour period. XLM ranks number 2 with over 2,000,000 operations in 24 hours.
Many US companies are expected to spend an increasing amount of their yearly budgets on technology enabling the new work at home culture. As companies search for solutions to the new problems they encounter during the virus outbreak, we are likely to see many new investment opportunities.
Increased spending on services such as cloud storage and file sharing is expected during the next year. Both virtual desktop and conferencing software will also be in demand. We are seeing a build up of home based work at home environments that we have never seen before.
Watch for new companies that solve the many telework problems that almost every company is dealing with right now.
HIVE is currently ranking #13 in this week’s most active blockchain report. EOS remains the number one most active blockchain. Tron TRX is currently ranked number eleven. Steem is no longer in the top twenty.
I’ve been promoting the Steem Blockchain for several years. As a result of that, I’m getting many questions from followers concerning the Steemit Tron controversy. I think this video with Steemit witness, Luke Stokes does a great job of explaining many aspects of Steemit and the latest news surrounding the purchase of Steemit by Justin Tron.
The interview covers many subjects including the fact that Steemit was purchased by Sun, but the Steem blockchain can not be purchased. The role of the witnesses in protecting the blockchain is also discussed.
Perhaps one of the best lessons of this entire experience is to get your crypto off of the exchanges. If you do not control your keys, you do not control your crypto.
As the drama of the Steemit acquisition by Justin Sun unfolds, your vote for Witnesses has received unprecedented attention. A few days ago the top witnesses were replaced as a result of the takeover. As of this morning I see that many of the top ten witnesses are once again familiar faces.
However this merger works out, it’s nice to see Steemians wake up and become active on Steemit again. We are seeing a Steemit passion that has not been seen for years.
I for one hope that we can all work together, Steem and Tron, and make Steemit a force in the cryptocurrency community. Am I dreaming? Yes, maybe, but I choose to remain positive about Steemit!
Coinbase announces user friendly wallet addresses. We have all had that moment when you wonder if you entered the Wallet address correctly as you transfer Bitcoin from one wallet to another. The sinking feeling as you realize you may have left off a few digits of a wallet address is not a pleasant experience.
Coinbase hopes to alleviate some of that anxiety by allowing dedicated user names to serve as a wallet address. Coinbase users will be able to transfer currency to other Coinbase users by sending to a user name instead of a full length wallet address.
The user name feature will be available for all currencies supported on the Coinbase platform. Some of those currencies include Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple. Coinbase will also offer a security feature which will allow users to keep their username private and unsearchable which will help prevent fraud.
The combination of 5G technology and artificial intelligence will have a huge effect on our every day lives. Self Driving Cars and automation on a large scale will change the way we do business. Facial recognition and Artificial intelligence threatens our privacy like nothing before.
The advancements described in this video are expected to come to fruition by 2030.
Both Steem and Tron remain in the top ten of most active blockchains. Tron (TRX) is currently ranked number five and Steem is ranked number six. EOS remains in the number one spot. Bitcoin is now ranked number 9.
You can see the market caps of the most active blockchains in the graph shown below.