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Image Of The Weekend, 1-2 of December: Financial Magnates, Barron’s, The Daily Hodl and Others

Daniil Danchenko

We're presenting "image of the weekend". Bitnewstoday.com has chosen the most important news about the digital economy and virtual currencies. Only the most valuable stories from only the trusted sources. Each and every event from this list will change the world of the digital economy either way. The most important stories of this weekend in the most indicative quotes are below!

1. MIC DROP (The Daily Hodl)

Joseph Lubin of ConsenSys and Ethereum unleashes epic tweetstorm

Ethereum co-founder and founder of ConsenSys Joseph Lubin outlined the reasons why he believes blockchain is a movement, and Ethereum is on top.

Lubin highlights the growing DApp ecosystem along with blockchain-based solutions to a range of different problems facing governments and financial service providers around the world — from Estonia, Dubai, South Africa, Japan, Switzerland and the Philippines to Chile. And the big business and enterprises “get it.” They’re advancing their own private blockchains while decentralized platforms such as Brave and Civic are growing. He calls the crypto community “weird and amazing”, while also calling out user interfaces that are getting “more beautiful by the day.”

2. SQUIRES FOR GEEKS (Financial Magnates)

The Canadian firm will take control of all CoinGeek operations, including 62,440 ASIC mining devices

Squire Mining, a Vancouver-based company that designs ASIC chips, is to purchase CoinGeek, a cryptocurrency news site and mining pool operator.

This is significant because Squire Mining (market capitalisation $35.4 million) shares are traded on a number of stock exchanges worldwide, so this deal has created the world’s biggest publicly traded cryptocurrency mining operation. Bitmain of Beijing, the biggest mining entity in the world, is still waiting for approval to go public in Hong Kong

3. STEP1: BUY A BITCOIN (Barron’s)

A year ago, Bitcoin was practically a foreign language to me

Then I watched an episode of Grey’s Anatomy in which the hospital featured in the show was attacked by a group of hackers, who demanded 4932 Bitcoins in ransom (worth $20 million in the setting of the program). After doing some research and consulting with friends who had bought Bitcoin, I thought, well, maybe I should put some money on it, too. That was my first investment, made before I really understood anything about finance.

At the time, Bitcoin’s price was surging, courtesy of crypto enthusiasts who believed — as many still do — that a digital-currency revolution would overtake fiat currency, defying both governments and institutions. Millennials — like me — defended Bitcoin as a better investment for young people than stocks. About a month after my initial investment, in December 2017, Bitcoin’s price hit $20,000. A Bitcoin exchange founder predicted it would reach $50,000 this year. Yet, $20,000 proved the peak. Last week, the fabled crypto coin was priced just below $4,000.

4. VITALIK KNOWS BEST (The Daily Hodl)

Ethereum co-Founder Vitalik Buterin calls out best use case for blockchain

Ethereum co-founder Vitalik Buterin says the term “world computer” is still a good way to describe Ethereum, a public, blockchain-based, open-source platform, because its purpose is to aid collaboration through a shared computing environment. But the corporate titans that are also using blockchain technology to build computing environments are coming up short, according to Buterin. He calls a lot of the “big corporate blockchain stuff” wasteful.

As more big tech companies build private blockchains or start offering services to create enterprise solutions using private blockchains, such as Amazon, the distinction between “blockchains that power cryptocurrencies” versus “blockchains that power private, centralized databases run by big corporations” is becoming increasingly clear.


Tron continues to run smoothly, and in the past week, the number of transactions and accounts on the blockchain protocol has increased

Tron published its Dapp weekly report running from Nov. 24th to Nov. 30th, and it paints a good picture about the Justin Sun-led blockchain protocol. Tron, a blockchain platform designed for the development of decentralized apps (Dapps) publishes the weekly report to give insights to its community and potential users about how its platform is growing. Tron is in competition with other blockchain protocols such as Ethereum and EOS.

Tron’s Dapp ecosystem kept striding forward as more Dapps were launched and new partnerships formed. Tron community can utilize several channels to try out Dapps. In terms of data, the week fared better than the previous one. A total of six Dapps were added to the Tron ecosystem while the number of transactions and accounts on the network increased by 11 and 6 percent respectively. It is important to note that the overall crypto bear market did not hamper Tron’s ecosystem which continues to maintain rapid development.

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