Home Crypto Daily Recap Daily Crypto Roundup 1/4/2019

Daily Crypto Roundup 1/4/2019

Today in the headlines, another Coinbase employee departed, BitTorrent built a cryptocurrency on TRON’s blockchain, and India’s reserve bank made cryptocurrency statements. ConsenSys also teamed up with AMD, and Apple’s nose-dive was compared to crypto.

Catch up on the details:

BitTorrent moves to decentralize the internet

In a recent move, the BitTorrent software company released its own cryptocurrency built on TRON’s blockchain.

The new BitTorrent Token (BTT) project looks to build an ecosystem around computer storage, bandwidth and networking, utilizing a decentralized network.

TRON founder Justin Sun has also jumped on board as the new CEO for BitTorrent. As reported in BitTorrent’s recent blog post, Sun explained the “BitTorrent token is the first in a series of steps to support a decentralized internet […]. In one giant leap, the BitTorrent client can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”

Read on Crypto Insider

What’s behind the Coinbase executive exodus?

Another Coinbase brass has left the operation, according to recent reports. Coinbase’ senior compliance manager Vaishali Mehta recently left her position to join the TrustToken team.

According to her LinkedIn profile, Mehta joined TrustToken in December as their head of compliance. TrustToken is responsible for the TrueUSD (TUSD) stablecoin, one of many young stablecoin projects on the crypto scene.

Over the past several months, Coinbase has seen departures from several key figures, including its policy officer and its institutional platform head.

Read on Crypto Insider

India: Central Bank report states crypto does not threaten financial stability

The Reserve Bank of India (RBI) is reportedly not threatened at the prospect of cryptocurrency usage, as stated in its December 28 report.

“[C]rypto-assets do not pose risks to global financial stability currently. The market continues to evolve rapidly, however, and this initial assessment could change if crypto-assets were to become more widely used or interconnected with the core of the regulated financial system.”

Read on CoinTelegraph

Ethereum studio ConsenSys teams up with chip manufacturer AMD

An announcement today showed ConsenSys has teamed up with computer processor development company AMD “to develop a new cloud computing infrastructure based on blockchain technology,” CoinDesk reported.

ConsenSys also collaborated with Halo Holdings for the project. Named W3BCLOUD, the project was developed with decentralized applications in mind.

AMD will supply ConsenSys with quality hardware to better scale decentralized solutions, according to AMD’s Jerog Roskowetz.

Read on CoinDesk

Apple loses almost as much as bitcoin’s entire market cap in one day

Yesterday the market watched as Apple’s stock lost $65 billion in value, leaving the company with a market cap under $700 billion.

Cryptocurrency’s total market cap lost roughly $700 billion last year. This loss, paired with Apple’s current situation, shows just how massive traditional markets are in comparison.

An article from Bitcoinist from today showed that FAANG (Facebook, Amazon, Apple, Netflix, Google) stocks “have lost upwards of $1 trillion from their all-time highs.”

eToro analyst Mati Greenspan explained people may look to bitcoin as an alternative to said traditional markets if crypto assets continue their inversely correlated climb.

Read on Bitcoinist

The above is to be considered opinion and not investment advice in any way, as an unbiased media, no one interferes with the Editorial content of CryptoInsider.com, writers have freedom to choose their own direction, members of Crypto Insider do not participate in trades based on content.

Like what we wrote? Donate to us today so we may continue to write! 
ETH: 0xDf4d2529D777a80717E85Ed2269830ad6265951B
LTC: LMT3LCbCSvActkVo4dgzbHjn1HPrCgKch2
BCH: 17sFsLgZq9jibtqi5Bo5SiUcCD4TG8RQwE

Benjamin Pirus
Benjamin Pirus
BJ is a full time writer, editor, and trader in the cryptocurrency space. He has written many professional articles for numerous ICOs, news sites, and other interested parties in the crypto space. He is also a trader, staying up to date with the crypto markets constantly, and dabbling in traditional financial market trading occasionally.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.



Interview: Yoni Assia on eToroX and the cryptocurrency market

On April 16th 2019, eToro founder and CEO Yoni Assia has agreed to do an exclusive interview for Crypto Insider at the Paris Blockchain...