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- Bitcoin Cash(BCH)$232.69
- Bitcoin SV(BSV)$172.77
- Ethereum Classic(ETC)$6.21
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Initial Coin Offering (ICO) New Cryptocurrency Calendar
Latest News on Cryptocurrency and Blockchain Currency Developments
A project advocated by FaceBook’s Mark Zuckerberg, promises Crypto Financial Inclusion-to be more accessible to the underbanked globally bypassing high banking fees and allow users to send money as fast as a text message. Zuckerberg in his testimony to House Financial Services Committee on October 23, 2019, stated “China is moving quickly to launch similar ideas in the coming months.”
Bitcoin Halving, a cryptocurrency term for an event where the reward for mining new blocks is halved, which happens every 210,000 blocks (once every four years). Nakamoto Satoshi believed this event helps to keep Bitcoin’s inflation in check by reducing the supply of new Bitcoins, however increasing the cost to mine them and thereby increasing the BTC trading price over time with steady demand. Note: Hyperinflation occurs with uncontrolled printing of new fiat currency in world government economies, reducing its value.
Upcoming Bitcoin Halving may offer an attractive entry point for digital asset investing with considerations in high-risk tolerance and improvement in fundamentals, regulatory acceptance and price valuation as noted by Grayscale Investments, LLC.
However, others such as Bitmain Chief Executive Jihan Wu and Jason Williams, Co-founder at digital asset fund at Morgan Creek Digital advises that there is no clear evidence, no guarantee that a bull run will follow the Bitcoin halving event.
The Bitcoin as well as the Global Economy can be affected. Since many believe in Satoshi Nakamoto’s Bitcoin Experiment, which is that Fiat Currency over time will flow into Cryptocurrency. So, therefore monetizing Bitcoin, increasing its value in the future.
|Upcoming Dates||Halving Event||Reward per Block (Satoshi)||BTC Block Reward New BTC/ 10 minutes|
|May 2020||3||420000||12.50 BTC|
|May 2024||4||630000||6.250 BTC|
|May 2028||5||840000||3.125 BTC|
Satoshi Nakamoto was able to program digital scarcity in Bitcoin by May 7, 2140 (Halving Event 33 -Bitcoin Supply of 21 Million in circulation). Since the Bitcoin Network mining operation began in 2009, it will be about 130 years when miners will not receive block rewards to mine Bitcoin. In Satoshi Nakamoto’s White Paper, he speculates that maybe there will be no need for miners to receive block reward after 2140 since they also earn transaction fees (when they confirm transactions in their block as well), which may be alone profitable enough to continue indefinitely and be completely inflation free.
chart from: criptomercados.net
Social Media Influencers
In our every day lives, our contact with the world through the internet is ever increasing and becoming such an indispensable necessity for knowledge, shopping and communication for all ages.
Social Media Influencers are people that use a variety of social media platforms to express their opinions and offer valuable and entertaining information regarding brands, products, news, current events or to support a cause – Just about anything!
The Impact of Social Media over the past 20 years has increased and dominates how we think of politics, business, finance, world culture, online education, professional careers and personal relationships, since you can connect Anywhere, at Any time on Any device when the internet is available.
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Updated June 5, 2020
New York Business Journal article November 19, 2019, Fidelity Digital Asset Services are now licensed in New York and are planning to offer bitcoin custody and trading services as well as expand into other cryptocurrencies and overseas to institutional and individual investors, as more investors become interested in adding exposure to digital assets to their portfolios.
The Charles Schwab Corp merger with TD Ameritrade Holding Corporation June 4, 2020 approved by TD Ameritrade shareholders and also DOJ (US Department of Justice Antitrust Division) closed its investigation into merger (Press release). The $26 Billion deal is expected to be completed by the end of 2020. Integration of the two companies will take 18-36 months to complete.
Morgan Stanley acquires E*Trade (Press Release) February 20, 2020 in all-stock transaction, $13 Billion Deal and is expected to close at the end of 2020.
M1 Finance offers Digital Banking FDIC insured checking account , held by Lincoln Savings Bank, no minimum balance to open account, offer direct deposit, transfer money and spend with debit card, ATM reimbursed 1 ATM fees per month M1 Standard, M1 Plus offers Cash Back 1%, APY 1.0% March 3, 2020 (rates may vary), ATM reimbursed 4 ATM fees per month, Tungsten Metal card.
Robinhood Financial offers Cash Management FDIC insured, debit card issued by Sutton Bank, offer direct deposit, transfer money, APY 1.30% March 3, 2020 (rates may vary), ATM no fees withdrawal at 75,000 in-network ATMs (15,000 free ATMs outside USA, find nearest ATM with app ( Allpoint / MoneyPass networks), ATM fees not reimbursed, no foreign transaction fees, overdraft protection, location protection, Mastercard’s Zero Liability protection, Fraud protection, spend alerts.
April 8, 2020 Robinhood offers purchase of Fractional Shares on its platform (Robinhood Blog)
April 13, 2020 Robinhood Financial offers DRIP Dividend Reinvestment Plan, to grow your investments over time by automatically reinvesting your cash dividends back into the underlying stock or fund (Robinhood Support).
Revolut has launched its service in the US (March 25, 2020). Revolut is an Online money management account based in UK. It offers Global spending and transfers with competitive exchange rates for business and personal use, offers built-in budgeting, make goal and round up spare change from purchases, instant spending alerts, spend and withdraw money in 150 currencies with interbank exchange rate, transfer money in 30 currencies with interbank exchange rate, cryptocurrency exchange offered in premium and metal plans, instant transfer between friends, use with Apple Pay set up recurring payments, security location-based, control access through app.
March 18, 2020, Revolut Junior Account and Card is an account for your children (ages 7 -17 years old) that controlled by you. Children can learn money skills, responsible spending and budgeting. A Revolut Junior Account, a sub-account of your personal account, can only be used to spend money that you have sent to the account. Tools are provide to assist in Junior Account’s usage, such as ATM withdrawals or online purchases. The Revolut Junior Account is free to create and the Card fees depends on the tier of the Revolut personal account in which you hold. Limits apply on funding account, transactions, and withdrawal amounts per day per week apply to Junior Account. Kids app available
According to The Wall Street Journal article November 26, 2019 ( https://www.wsj.com/articles/next-in-googles-quest-for-consumer-dominancebanking-11573644601 ) , Google will offer checking account in 2020 (Project named Cache) together with bank partners Citigroup Inc. and a Stanford Federal Credit Union. However, the specifics of the offering are still being worked out.