19 March

Messari lead crypto researcher Ryan Watkins seems to think that in the long-term, Ethereum may appreciate more than Bitcoin.

Ethereum’s monetary policy will actually change in Eth2 so that it actually won’t just be less inflationary than Bitcoin, it would actually be deflationary. So then, every year, there is actually less and less Ether in existence because it’s being burnt.

The crypto analyst said that with the launch of Ethereum 2.0 and a proof-of-stake consensus mechanism implemented on the new mainnet, Ethereum’s network might potentially become more secure than Bitcoin’s.

If Ethereum is more secure and it has a stronger monetary policy, well then what is the bull case for Bitcoin in this scenario?

To wrap it all up, the crypto analyst also indicated that Ethereum’s projects make it more attractive than Bitcoin, with ‘the GDP of Ethereum actually rivalling many large countries.'”

“In its report, “Bitcoin’s Dirty Little Secrets,” published Wednesday, the second-biggest U.S. lender has a lot of things to say about the largest cryptocurrency, such as there being ‘no good reason to own BTC unless you see prices going upand that its environmental record is poor.

But the bank is intrigued by decentralized finance, which it says is ‘potentially more disruptive than Bitcoin.’

Bitcoin is the most talked about cryptocurrency but Ethereum [the blockchain] has more features, including being more flexible.

We believe that one of the best differences against being disintermediated by DeFi would be mainstream finance grasping these opportunities.”

See Also: Maple Finance Raises $1.4M for Its Reputation-Based DeFi Lending Platform
See Also: Kyber Network (KNC) gains 40% as its 3.0 network launch approaches

What does the buyer actually get? Would their new-fangled piece of art, or rather the deed over said art, survive if the NFT exchange where the buyer got their piece were to fold? In many cases, the answer appears to be no. The problem is the simple fact that the work of art itself isn’t actually the NFT — the NFT simply points to it.

A promising alternative is the InterPlanetary File System (IPFS). Just like a public blockchain ledger, IFPS attempts to decentralize where the content itself is being stored. Even then, ‘IPFS only serves files as long as a node in the IPFS network intentionally keeps hosting it. Which means when the startup who sold you the NFT goes bust, the files will probably vanish from IPFS, too.’

In short: Right now NFT’s are built on an absolute house of cards constructed by the people selling them.”

See Also: Ether Cards Banks $3.7M in Presale of ‘Supercharged’ NFTs
See Also: Going to pieces: Fractionalized NFT projects gather steam

Is NFT digital art a sustainable trend? (Recommended Watch)

“Kevin Weil, a Facebook executive and a leader of Diem, the company’s digital currency initiative, announced on Thursday he is leaving in order to join a satellite firm. The departure of Weil follows the exit of other prominent executives who had worked on Facebook’s digital currency project.

The news appears to be another setback for Facebook’s crypto ambitious, which the company unveiled with considerable fanfare in June of 2019 but have since stalled amid regulatory headwinds.”

See Also: ‘We Must Not Let Zuckerberg Become a Central Bank’: European MP
See Also: Thai Central Bank Warns Against ‘Illegal’ Use of Baht-Denominated Stablecoin
See Also: French Firm Launches Euro Stablecoin With Monthly Attestations From PwC
See Also: Federal Reserve’s Powell Says CBDCs ‘Need to Coexist With Cash’

The regulator now has 45 days to approve or deny the application or extend the review period. The SEC can extend the review period up to 240 days before it has to make a final decision.

VanEck filed for the ETF with Cboe BZX Exchange earlier this year, with Cboe publishing the 19b-4 at the beginning of March. Once the document is published in the Federal Register (the nation’s logbook), the general public will have 21 days to submit comments on the SEC’s portal.”

“Built with the Lightning Network, Bottlepay is aiming to disrupt the payments space by enabling real-time cross-border transfers of both fiat money and cryptocurrencies. Users can tweet, for example, “@bottlepay send 1,000 sats to @twitteruser,” instantly sending this amount of the cryptocurrency from one wallet to another.

Besides Twitter, Bottlepay plans on extending its service to Reddit, Discord, Twitch, Telegram and Mastodon in the coming months.”

“The process Filecoin developers gave to exchanges to verify deposits includes a critical flaw that allows users to deposit the same coins repeatedly.

According to Filecoin miners at Filfox and FileStar, Filecoin’s network processed a semi-double spend on Wednesday worth millions of dollars. The double spend did not happen on-chain, but Binance credited the miners’ FIL deposit twice due to a “serious bug” in Filecoin’s remote procedure call (RPC) code.

This allows hackers to write a single check but re-deposit it as many times as they like — similar to how kids, in the arcade, used to tie strings to quarters to play forever using a single coin.

Filecoin developers have opened a GitHub issue to work on a fix for the bug. Deposits for Filecoin at Binance, Huobi and others have been halted as a result.