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Image of The Week, May, 13 — 17: Coinspeaker, Mashable and Others

17 May 2019 14:35, UTC
Ian Marchewski

Crypto Management is More Critical Than Ever Before, And That’s a Good Thing (Coinspeaker)

Maria Konash of Coinspeaker asks a timely and reasonable question, has it not time for crypto accounting software? Now, with multiple prominent platforms used for launching and engaging with alternative digital tokens, the decentralized economy becomes bigger while also producing dueling allegiances. For instance, Binance users can convert their Ethereum-based ERC-20 tokens to the new blockchain in a 1:1 swap, but they can also continue using them on the Ethereum blockchain. Also, increasing regulatory oversight and the above-board progression of the crypto movements means that users need to keep track of their cryptos in a clear and auditable way. Here’s where the need to combine many disparate tokens into a single platform arises. Learn more about the perspective of crypto accounting software in the original article.

‘If you’re not a billionaire’ in 10 years ‘it’s your own fault,’ says 20-year-old bitcoin tycoon (MarketWatch)

Marketwatch published a few excerpts from an interview with Erik Finman, who managed to become a millionaire before he even turned 19. As of February, a young man, who started investing in cryptocurrencies when being a teenager, managed to accumulate 450 bitcoins, which would be worth about $3.6 million based on current prices. Finman is sure that bitcoin could certainly mint more than a few millionaires, over time.

“I 12,000% believe that,” he said, “I believe that you could be a millionaire by investing in blockchain and bitcoin.” According to the 20-year-old bitcoin tycoon, blockchain, the technological backbone for crypto assets like bitcoin and bitcoin cash, could translate into massively rewarding investments. The Californian investor has also identified three factors that contributed to the recent bitcoin rally. They include U.S.-China trade tensions, the start of Coindesk’s Consensus 2019, and the growing coalescence of large crypto investors and crypto-friendly Wall Street firms.

HTC's new, cheaper blockchain phone will run a full Bitcoin node (Mashable)

HTC announced a new blockchain phone called the Exodus 1s, which is significantly cheaper than its predecessor Exodus 1. The new gadget has a very important feature, unusual for a smartphone - full Bitcoin node capability. Although vast majority of cryptocurrency users never a full node, the new function can bring some important implications for the whole Bitcoin ecosystem. Bitcoin would become more decentralized if more people start running their own nodes. However, it’s still uncertain if the new HTC will handle those large amounts of data needed for launching it. Also, battery life may be an issue too.

HTC Exodus 1s should hit the market in the third quarter of 2019 and will approximately cost $250 to $300.