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On this weeks show The New Kids On The Blockchain follow up with more Anarchapulco content and talk to the guys from Lode running on Syscoin about putting your silver to work , and catch up with an Old Pal .
This weeks News:
There’s $6 Billion Ready To Get Siphoned Into Bitcoin
Bitcoin bull Su Zhu, the chief executive officer of the Singapore-based Three Arrows Capital, recently took to Twitter to remark why investors should be more optimistic when looking at the state of the cryptocurrency market.
He stated that while there are billions of dollars sequestered away on the sidelines, such funds are poised to rush into the cryptocurrency space once the time is right. In fact, citing data from his sources, Su noted that crypto hedge funds and holding companies likely have $2 billion in fiat on-hand. If Tether is truly backed by U.S. dollar deposits, it, alongside its more centralized counterparts (regulated stablecoins), would be valued at $2.5 billion.
Lastly, the industry researcher noted that outstanding exchange and crypto bank balances amount to yet another $2 billion, meaning that there is more than $6 billion in fiat that is “already onboarded.” Thus, Su determined:
“This is $6B fiat already onboarded to crypto to buy your bags. Imagine thinking we need new money to hit $10k.”
EOS Price Surge Heads to $4 as Trading Volume Continues to Increase
While Bitcoin is not entirely sure which direction to head in right now, the rest of the markets are still giving it their all. More specifically, the EOS value is rising at a quick pace, which further confirms there is a genuine interest in this particular altcoin. Although this uptrend has been in place since last week, it would appear things are still following the same path.
Over the past few hours, there has been another EOS price increase of 7.5%. In the process, the USD value of this altcoin has now risen to $3.88, which seems to indicate the $4 level will come into play sooner or later. In terms of EOS/BTC, there is a 6.4% increase to bring the value to 97,259 Satoshi. Both of these trends are impressive in their own right. What is even more interesting is how the overall EOS trading volume has risen to over $2bn.
Samsung Confirms Galaxy S10 Will Include Private Crypto Key Storage
Samsung’s latest flagship phone will include a dedicated secure storage function designed for cryptocurrency private keys.
The Galaxy S10, formally unveiled Wednesday, includes a new function targeted toward cryptocurrency users in the form of the Samsung Knox, the world’s largest smartphone producer announced. In a press release, Samsung explained:
“Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”
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NB. All information shared here is for information only and should not be considered any kind of financial advice. Always do your own research.