1 Bitcoin = $6,423
Market Cap = $111 billion
Bitcoin Dominance Index Back Above 50%
Now at 51%, up from an all-time low of 33% in January.
First time this year that Bitcoin accounts for over half the value of crypto assets.
Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner
Intercontinental Exchange (ICE) — owner of the New York Stock Exchange (NYSE) — is forming a new company, dubbed Bakkt, that seeks to bridge the divide between Wall Street, Main Street, and the flagship cryptocurrency.
”Bitcoin would greatly simplify the movement of global money,” said Sprecher. “It has the potential to become the first worldwide currency.”
The move will see ICE not only launch a physically-settled bitcoin futures product but also custody cryptoassets directly and help merchants such as Starbucks — which has already signed onto the platform as a partner — accept digital assets such as bitcoin for everyday payments.
Turkey’s Currency Crisis
- The Turkish lira dropped 18% against the dollar on Friday
- Turkish President Erdogan appeals for calm amid currency drop, urges people to change foreign money into local lira.
Perfect time to ignore the advice of a despotic dictator and instead turn the remaining Lira you may have into BTC. – Marty Bent
Iran’s Bitcoin Volume Soars as Rial Value Enters ‘Death Spiral’
When the central bank issuing your currency cannot be trusted to do its job properly, there are now many decentralized global currencies you can use as alternative instead of cumbersome gold and silver. – Andz Sy
Iran’s national currency has crashed to its record low against the U.S. Dollar as the country prepares to face economic sanctions imposed by the Trump administration.
Many Iranians are now agitated that their economy will collapse.
The sentiment has furthered because of Iranian authorities’ decision to impose restrictions on foreign currency transactions.
The authorities have also started a crackdown on those attempting to circumvent restrictions by purchasing gold coins in the black market.
Stuck between a depreciating national currency and strict law enforcement agencies, some Iranians are reportedly turning to bitcoin and similar decentralized assets to elude sanctions.
One Iranian, who wished to remain anonymous, confirmed that she has been purchasing some bitcoins every month out of her salary as a protective measure against U.S. sanctions.
“I started purchasing Bitcoin, and even Ethereum, thinking Iranian central bank will not be able to resolve the poor economic situation,” she told CCN. “I had read many reports about Chinese and Venezuelan people doing the same at the time of their economic crisis.”
She has also confirmed that Rial price dropped heavily against bitcoin in the underground market, stating she was asked the equivalent of as much as $20,000 to purchase 1 BTC by the same dealer who was selling it for $10,000 only the last month.
Market Cap = $217 billion
CoinTelegraph: Binance has released a demo of its decentralized exchange, saying not “to expect too much” at the moment.
CZ: Always lower expectations and over deliver, instead of hype.
There isn’t really any doubt now that securities tokens will be a massive market – just which players will execute visions based on the way this will go.
It’s going to be a wild ride. – Bruce Fenton
Thailand’s Largest Movie Theater Chain to Accept Crypto
Major Cineplex, is reportedly integrating crypto payments to allow customers to pay for its services and products with cryptocurrency, including movie tickets and popcorn.
The group owns 678 screens, including 7 in Cambodia and 9 in Laos. – Kevin Helms
Apple Hits $1 Trillion Marketcap
Even though some think Apple () needs a new product to keep sales and profits booming, Apple has rallied past the trillion level thanks to solid sales of the iPhone 8 and X — particularly in China and Japan — and surging services revenue from the App Store.
Apple is now up more than 20% this year.
Apple is benefiting from investor euphoria surrounding the tech sector broadly as well — and it could soon have company in the trillion dollar club.
Amazon (), Google owner Alphabet ( ) and Microsoft ( ) have all rallied to near record highs this year, too. Amazon is worth nearly $900 billion while Google and Microsoft are each now worth more than $800 billion.
It’s not the $1 Trillion that amazes but getting to it at a P/E of less than 20. – Horace Dediu
The Coldest Place in Space Has Been Created
The International Space Station is officially home to the coolest experiment in space.
NASA’s Cold Atom Lab will produce clouds of ultra-cold atoms aboard the ISS to perform quantum physics experiments in microgravity.
Atoms are chilled to about one 10 billionth of a degree above Absolute Zero, or about 10 billion times colder than the average temperature of deep space. At those temperatures, atoms behave in strange ways, allowing scientists to investigate the fundamental nature of matter.
The scientists expect to reach temperatures colder than what any experiments have achieved on Earth. – NASA JPL
Worms Frozen for 42,000 Years in Siberia Wriggle to Life
In Siberia, melting permafrost is releasing nematodes — microscopic worms that live in soil — that have been suspended in a deep freeze since the Pleistocene.
Scientists isolated the worms — all females — from the permafrost samples.
After defrosting the worms, the researchers saw them moving and eating, making this the first evidence of “natural cryopreservation” of multicellular animals, according to the study.
However, the nematodes weren’t the first organism to awaken from millennia in icy suspension. Previously, another group of scientists had identified a giant virus that was resuscitated after spending 30,000 years frozen in Siberian permafrost.
Further study will be needed to unravel the mechanisms in the ancient nematodes that enabled them to survive such lengthy freezing; pinpointing how those adaptations work could have implications in many scientific areas, “such as cryomedicine, cryobiology, and astrobiology,” the researchers concluded. – Mindy Weisberger
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