Resveratrol Properties P-3a

Resveratrol Properties P-3a

Grapes are so much fun to eat with their round shape and unique texture

Absorption, Metabolism, and Bioavailability

 Absorption

The chemical structure of resveratrol leads to low water solubility (<0.05 mg/mL), which affects its absorption. In order to increase its solubility, ethanol (50 mg/mL) or organic solvents may be used. It is important to highlight the ability of resveratrol to form a wide range of organic molecular complexes. Sterification of hydroxyl groups with aliphatic molecules can also be employed as a tool to increase its intestinal absorption and cellular permeability. For example, resveratrol acetylation can increase its absorption and its cellular capture without loss of activity.

At the intestinal level, resveratrol is absorbed by passive diffusion or forming complexes with membrane transporters, such as integrins. Once in the bloodstream, resveratrol can be found essentially in three different forms: glucuronide, sulfate, or free. The free form can be bound to albumin and lipoproteins such as LDL (low-density lipoprotein). These complexes, in turn, can be dissociated at cellular membranes that have receptors for albumin and LDL, leaving the resveratrol free and allowing it to enter cells. Resveratrol's affinity for albumin suggests that it could be a natural polyphenolic reservoir, playing an important role in its distribution and bioavailability.

Due to its chemical characteristics, resveratrol can interact with fatty acids. Recent studies in vitro show that more than 90% of free trans-resveratrol binds to human plasma lipoproteins. This binding is also found in vivo, as shown by the presence of dietary polyphenolic compounds detected in isolated LDL in blood samples of healthy human volunteers. Fatty acids facilitate a lipophilic environment, which favors resveratrol binding. Normally they are employed as vectors because of their high affinity for the liver and their efficient cellular uptake, resulting from specific interactions with transmembrane transporters.

Article Produced By
Neelam Khaper
Academic Editor:

Department of Physiology, Faculty of Medicine, University of Valencia, INCLIVA, Blasco Ibáñez Avenue 15, 46010 Valencia, Spain.Department of Physiotherapy, Faculty of Physiotherapy, University of Valencia, Gascó Oliag Street 5, 46010 Valencia, Spain.Sports Research Centre, Miguel Hernández University of Elche, University Avenue, s/n, 03202 Elche, Alicante, Spain

*J. Gambini: se.vu@inibmag.naujAcademic Editor: Neelam Khaper

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4499410/

(All these Articles can be read from this URL: 
 
https://markethive.com/group/ama/blog/the-role-of-resveratrol-in-achieving-optimal-health-p5

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Heiko Closhen, Entrepreneur

Crypto Funds Are Outperforming You Shouldn’t Be Surprised

Crypto Funds Are Outperforming – You Shouldn’t Be Surprised

                                   

 

Buffet won handily. It’s not that Buffet didn’t think there were capable investment managers out there;

Buffet’s Berkshire Hathaway has often been described as a giant hedge fund. Instead, his confidence relied on his intuition that between fees and trading costs, even the best hedge fund managers would struggle to beat a low-cost index fund. We might logically assume that crypto hedge funds, which generally have a 2 and 20 fee structure similar to that of their traditional counterparts, would suffer a similar fate.

But since the beginning of 2017, when reliable data became available, the result has been quite the opposite. An equal-weighted index of crypto funds significantly outperformed bitcoin and most other crypto assets. The CFR Crypto Fund Index tracks more than 40 crypto funds, mostly hedge funds, across a variety of strategies. It shows that even as bitcoin climbed about 1,000 percent between January 2017 and June 2019, crypto funds gained more than 1,400 percent. The outsized performance of crypto funds over this period might puzzle the Oracle of Omaha, a man who once described bitcoin as “rat poison squared.” Even without Buffet’s bias against crypto or hedge funds, there are a few reasons one might be surprised:

  • Performance fees are by nature punitive to returns during bullish periods
  • Creating a portfolio that can outperform skyrocketing single assets is no small feat
  • Crypto fund managers tend to be less experienced than their traditional counterparts

Despite these apparent headwinds, crypto funds did outperform. So let’s examine these perceptions a bit more.

Performance fees are too punitive in bull markets

Few investment assets have ever experienced a 12-month bull run like that of crypto assets in 2017. That’s fantastic for fund managers taking home 20 percent of profits, but certainly eats away at returns. Several crypto funds returned more than 1,000 percent in 2017 – meaning by year-end a fund manager could have taken home more in fees than the fund had assets to start the year.

Still, most crypto funds have a 2 and 20 fee structure similar to traditional hedge funds and many have high water marks (essentially to ensure managers don’t get paid for performance when a fund is below all-time high). So while crypto fund performance fees have been staggering in absolute terms, the fee structure is no more of a hindrance to crypto funds than to traditional hedge funds.

Diversified portfolios struggle to keep up with single assets

It’s hard to imagine any asset overshadowing bitcoin’s 12x performance in 2017. But that’s exactly what happened. Some other coins were up 100x or more. The Bitwise CCI 30 Index, which measures the performance of the top 30 cryptocurrencies by market cap, was up 42x. So how exactly did crypto funds outperform during 2017? They didn’t. Not even close.

Crypto funds collectively returned a relatively underwhelming 1,000 percent. Sure, these funds returned more in 2017 than traditional hedge funds have in the past 20 years. But everything is relative. And relative to top cryptocurrencies, crypto funds had a disappointing year. The story of crypto funds’ outperformance truly began when crypto winter cast a chill over the entire industry in 2018. Philanthropist and investor Shelby Cullom Davis said: “You make most of your money in a bear market, you just don’t realize it at the time.” It was one heck of a bear market.

In 2018, bitcoin lost nearly 75 percent of its value. The CCI 30 Index lost 85 percent. The CFR Crypto Fund Index, however, was down “only” 33 percent. Or put another way, while crypto funds preserved 4/6 of their value, the CCI 30 maintained less than 1/6 of its value. As the chart above shows, this ability to preserve capital during 2018 propelled the crypto fund index ahead of bitcoin and other cryptocurrencies. From Q1 2017 through Q2 2019, the CFR Crypto Fund Index has returned 1,430 percent. This easily bests bitcoin’s 1,022 percent return and narrowly surpasses the 1,413 percent of the CCI 30.

Crypto funds lack experience

After overcoming their fee structures and whipsawing crypto markets, crypto fund managers had a final hurdle to overcome: inexperience. It’s difficult to directly compare the total financial experience of managers across disciplines. However, we can look at the average age of funds. A recent study published by Loyola Marymount University (LMU) found the median age of traditional hedge funds was 52 months. This is a lifetime in the crypto world. No crypto funds in the CFR index have been operational for 52 months and the median age is just 16 months.

This inexperience should hurt crypto fund returns, right? Not necessarily. Somewhat counterintuitively, the same LMU study found traditional hedge fund returns decrease with age. And not by a negligible margin. Hedge fund returns in year one were more than triple those in year five. After year five, the study found, “some funds become liquidated and the pattern is somewhat mixed.” So inexperience, which would seem to be a significant headwind for crypto fund managers, may actually have been a tailwind propelling their performance past ahead of bitcoin and other benchmarks.

Reasons for caution

That crypto funds have outperformed various benchmarks is encouraging. But there’s also plenty of reason for institutions to remain cautious. The index covers barely one market cycle. Buffet’s index fund didn’t take the lead over hedge funds until year four of the ten-year bet. The index has less than 50 constituent funds. While the largest in the industry, it’s quite small compared to traditional hedge fund performance indices which can include thousands of funds.

There are potential biases. Since reporting is voluntary, and the index includes less than 20 percent of eligible funds, we can reasonably assume that poorly performing funds are less likely to report. Funds with particularly poor performance might have already closed, creating a potential survivorship bias. Though not unique to crypto fund indices, these biases shouldn’t be overlooked by investors. Most crypto funds are quite small by traditional standards and it’s quite possible some strategies that perform well in illiquid markets will not support the same type of returns with more capital invested. Bridgewater Associates, the world’s largest hedge fund manages over $100 billion. Crypto funds manage less than $20 billion collectively.

Despite the potential issues, it’s encouraging that crypto hedge funds seem to have done more or less what they are supposed to, namely preserve capital in bear markets. And with the majority of crypto funds in the index now employing outside auditors, custodians and fund administrators, the industry is becoming less haphazard. The crypto fund industry is still very much in a maturation phase, but with proper due diligence, crypto funds may present institutions, particularly those unwilling or unable to directly custody cryptoassets, an appealing way to get exposure to the sector. Some decentralized architecture is said to have an “Oracle Problem”, but at least so far, crypto funds don’t seem to have an Oracle of Omaha problem.

Article Produced By
Josh Gnaizda

Josh Gnaizda of Crypto Fund Research looks into possible reasons behind the relative performance of crypto funds vs bitcoin since Q1 2017.

https://www.coindesk.com/crypto-funds-are-outperforming-you-shouldnt-be-surprised

Heiko Closhen, Entrepreneur

Blockchain Will Integrate BitPay’s Payments System For Wallet Payments

Blockchain Will Integrate BitPay’s Payments System For Wallet Payments

                                 

 

Bitcoin wallet and blockchain explorer provider Blockchain

announced a partnership with the largest bitcoin processor, BitPay. According to a blog post published today, Blockchain will integrate BitPay’s payment architecture into its wallet service. This partnership will allow Blockchain wallet users to pay merchants online or on mobile.

BitPay processes approximately $1 billion in bitcoin alone every year for businesses and individual clients and over $2.8 billion in other cryptos for institutional clients since 2011. The firm has built an ecosystem of merchants that accept their payments – including Amazon, Delta, and Hotels.com – because, as a payment processor, it offers the option to settle in fiat currencies and provides invoices. Likewise, Blockchain is often regarded as one of the world’s largest wallet providers with approximately 38 million users, of which more than half are located outside the United States. Further, the firm’s wallet users account for roughly a quarter of all on-chain bitcoin transactions.

“We’re excited to see this new addition connect our Wallet users to the world of merchants that accept Bitcoin (and soon other cryptos) as a payment method — one of the key ways to interact with and grow the digital asset ecosystem,” Blockchain writes in a statement. Blockchain’s wallet service is non-custodial and offers an optional know-your-customer (KYC) verification for users who want in-wallet trading capabilities. Whereas, BitPay requires its users to undergo KYC requirements. In July, Blockchain unveiled its crypto exchange platform the PIT, with optionality to connect the firms wallets for nearly instant transfers.

Article Produced By
Daniel Kuhn

https://www.coindesk.com/blockchain-will-integrate-bitpays-payments-system-for-wallet-payments

Heiko Closhen, Entrepreneur

Some of Facebook’s Libra Members Look to Distance Themselves from Project

Some of Facebook’s Libra Members Look to Distance Themselves from Project

U.S. lawmakers have been skeptical about Facebook and the libra coin

and some of the Libra Association look to distance themselves from the project.Ever since its announcement in mid-June 2019, the libra coin has been dealing with pressure from the public and U.S. regulators. Facebook, the social media giant, has been prone to hacking risks that have led to the breach of information security.U.S. lawmakers have been skeptical about Facebook and the libra coin. Today, it seems like the pressure is no longer bearable, and some of the libra association members are opting out.

The Center of the problem

It all started in July 2nd when MaineWaters, a U.S. congress woman wrote to Libra Association requiring the team to cease any development on Libra coin. According to the letter, the Libra Association was supposed to pause any development until the financial service committee, and other associate subcommittees discuss the possible risks of libra coin on the global financial system. According to the reports reaching us, the libra association is under tension as some of its key members are opting out. A report released by the financial times on August 23rd, 2019 indicates that three firms, which were crucial shareholders, have resolved to back out due to pressure from regulators and the potential threat to the economy.

The Libra Association is comprised of 28 members, including Facebook and telecommunication giants such as visa and master card.  Each of the members was supposed to invest an amount not less than $ 10 million. Suddenly, the association is falling apart, two of the members backing out attributed it to regulatory pressure while the third linked the fall out to the public support of the project which could draw unnecessary attention of the overseers. “It’s going to be difficult for partners who want to comply with regulators policies to be out there declaring their support for the proposed digital coin,” said one of the members.

The fall out has not gone well with Facebook, and one of the members backing libra was quoted saying that, “Facebook is tired of being the only people putting their neck out.” Most cryptocurrency exchanges like Binance exchange have been experiencing challenges. We all remember of the recent cyber attack on Binance exchange that cost the company approximately 7,000 Bitcoins in a single transaction. The credibility and reliability of both the developers and exchange platforms are current issues affecting blockchain. These might be some of the reasons why the regulators are so keen on scrutinizing the system to determine its reliability to avoid some of the occurrences that have had paining cost on investors.

Just two days ago, reports circulating online indicated that the European Commission, which is the E.U.’s executive body was in a move to launch investigations on Libra coin. The reports we have received indicate that the libra project is being investigated of possible anti-competitive behavior. Moreover, six members of the Financial Service Committee in the American House of Representatives went to Switzerland to discuss cryptocurrency projects. It is evident that Libra has been peck in the eyes of the regulators; this could be attributed to the poor handling of data storage and misuse of consumer information by the social media giant. So, how is the public expected to trust such a company with questionable ethics?

Final take

Regulatory summons has not prevented the backing members from pursuing their interests. While the sauce is too hot for some members, some potential investors are willing to chow it hot. A cryptocurrency exchange based in Taiwan has expressed its interest to join libra with the hope of dominating the Asian-pacific region. Some crypto experts have indicated that libra has the potential of dominating the crypto market if the inherent issues are addressed on time. Others have it that the only threat facing libra is privacy issues associated with Facebook and digital identity. The cryptocurrency market is quite young, and new issues are emerging every day. Let’s wait and see how these issues will be managed to stabilize the dwindling cryptocurrency boat.

Article Produced By
Tanvir Zafar

Tanvir Zafar is a Cryptocurrency enthusiast by day, stand-up comedian by night. Having 4 years of experience in writing about Cryptocurrency, Big Data and Blockchain+AI related content. You can also find him featured on investing.com, e27.co, hackernoon.com and many other big Crypto publications

https://www.coinspeaker.com/libra-members-distance-from-project/

Heiko Closhen, Entrepreneur

Asian Crypto Exchanges are Experiencing Major Issues Because of Amazon Cloud Outage

Asian Crypto Exchanges are Experiencing Major Issues Because of Amazon Cloud Outage

                                

Just recently, Amazon cloud service AWS experienced an outage which is causing a service disruption
on several Asian cryptocurrency exchanges. Binance is one of the exchanges.

  • In recent news, Amazon has experienced a cloud service outage which has caused several crypto exchanges, including Binance, to report problems. Binance is seeing international problems, the company CEO Changpeng Zhao explained on his Twitter:

Also, KuCoin reported issues with their services, and rushed to explain this situation to customers

on its website:

“Due to the overheating of part of our chassis in the machine room we deployed in AWS, Tokyo, part of our services might become unavailable. The engineering operation team is currently deploying relevant resources of high availability across regions to deal with any possible emergencies that might happen. Some services might be effected during the deployment.”

What applies to Binance, the exchange has confirmed that all the customer funds are SAFU and are not exposed to any threats, explained CZ.

Asian Crypto Exchanges See Price Instability

Dovey Wan, a founding partner at Primitive Ventures, tweeted that many Asian exchanges are seeing price instability because of this technical issue.

She also attached several screen shots of various exchanges where customers report that there was an opportunity to purchase Bitcoin at a very low rate. One of the screen shots, which is supposed to be taken from BitMax exchange, suggests that a trader bought around 45 BTC for $0,32!

That indicates that traders had left very low buy orders. But the real price of one Bitcoin should’ve been around $10,190 at that time. Since the event, BitMax announced that they are halting withdrawals on its platform, however, experts point out that this screen might’ve not been taken from that exact exchange. Also, CITEX exchange order book suggests that traders took opportunity of this issue and managed to purchase a couple of cheap Bitcoin.

Additionally, AWS has communicated that they have identified the problems at its Tokyo facility and are working on them. They say that they found the root cause and now the situation is starting to

return to normal.

“We are starting to see recovery for instance impairments and degraded EBS volume performance within a single Availability Zone in the AP-NORTHEAST-1 Region. We continue to work towards recovery for all affected instances and EBS volumes,” AWS explained in a status page.

All the involved exchanges are rushing to investigate the low-price Bitcoin purchases and at this point it’s not clear to where it is headed. Would the traders be asked to return their purchases or will they get reversed? Another thing that you can do now, is go on to all Asian exchanges you are registered to, and set up low Bitcoin buy orders to participate in the next outage when it comes. 

Article Produced By
Janis Rijnieks

Janis is a cryptocurrency enthusiast and a bitcoin adherent. He has a background in video production, but for the past couple of years, he is a full-time crypto researcher and writer. He has a good understanding of multiple cryptocurrencies and loves to cover daily news. He considers himself a semi-bitcoin maximalist but always is open to any kind of new ideas that could be put on the blockchain. In his free time, he likes skateboarding and cars.

https://www.coinspeaker.com/asia-crypto-exchange-amazon/

Heiko Closhen, Entrepreneur

Altcoins Real Dominance Is Only 10 Of The Crypto Market Not 30: New Study Reveals

Altcoins Real Dominance Is Only 10% Of The Crypto Market, Not 30%: New Study Reveals

                            

Bitcoin dominance is the crypto market share of the leading cryptocurrency,

Bitcoin, over the rest of the crypto market. The indicator has been fluctuating between a high of almost 96% in November 2013 and a low of 33.4% recorded in January 2018, during the craziest altcoin season. Following the BItcoin’s Bull Run of 2019, the dominance has risen from 51% at the beginning of the year to nearly 70% as of now. However, a new study suggests that the real dominance of Bitcoin is approximately 90%, a lot more than what we are used to.

Market Dominance Calculated

In order to obtain the percentage of each coin, the circulating supply must be multiplied by the coin’s price and then divided by the market capitalization of all cryptocurrencies. Doing this math shows that Bitcoin has always been the most dominant force in the cryptocurrency community. As per Coingecko, Bitcoin’s market dominance today is 68.13%, which is near to the year-to-date high of 69.73%. However, new research by Arcane shows that different numbers may arise when adding trading liquidity to the mix.

90% Bitcoin Dominance

When liquidity is considered as well, Bitcoin’s presence appears to be even more dominant at around 90%. Liquidity is the key to receiving the most accurate market capitalization numbers as per the person who conducted the research – Bendik Schei,

who explains:

“The main reason is that one could easily create a cryptocurrency with 1 billion pre-mined coins, and do one trade at say three dollars each. This would lead to a total market capitalization of $3 billion, which would represent 1% market dominance with today’s valuations and inflate the total market capitalization. The problem is that the calculation does not take liquidity into account. One might be able to sell one token for three dollars, but what happens if you want to sell 1 million? Without accounting for liquidity, market capitalization becomes a meaningless measure.”

What is Left for Altcoins?

By modifying the numbers when liquidity is in the mix, altcoins appear to be in an unenviable position. Even the highest altcoins in regular market capitalization like Litecoin, Ripple, and Ethereum struggle to achieve 10% combined. Schei also added: “Everyday Bitcoin stays ahead, it becomes less likely that any other cryptocurrency can compete as money.”

Article Produced By
Yordan Lyanchev .

He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain.

https://cryptopotato.com/altcoins-real-dominance-is-only-10-of-the-crypto-market-not-30-new-study-reveals/

Heiko Closhen, Entrepreneur

Bitcoin Flashback To Bearish 2018: Is BTC Forming Another Descending Triangle With Target At 6100?

Bitcoin Flashback To Bearish 2018: Is BTC Forming Another Descending Triangle With Target At $6,100?

                               

Bitcoin has been on a rollercoaster over the past few days,

after rebounding at $10,000 only to reach the resistance at $10,800 and rolling over to return down to $10,000, where it traders now.Looking at the Bitcoin weekly chart, we can see that the coin might be forming a descending triangle pattern. The interesting thing to note is that this pattern is remarkably similar to the massive descending triangle seen during most of 2018. The last was finally broken during the middle of November 2018, ignited the gigantic drop from $6,000 to 2018-low at $3,120.

Two Similar Triangles: Different Size

Analyzing the weekly chart above, we can see that Bitcoin has been trading within the triangle over the past few months now. The Bitcoin price had surged from April through June 2019 but had failed to break above the Fibonacci retracement level at the $13,500.
As a reminder, the breakdown of the 2018 triangle resulted in Bitcoin price dropping roughly 45%. Similarly, in the current descending triangle, a breakdown of the bottom of the triangle would technically predict a target of approximately $6,100 (measured as the pole of the triangle) which is roughly a 36% price drop. On the other hand, if the bulls can defend the lower boundary of the triangle and push higher to break above the upper boundary eventually, this pattern will likely to become invalidated.

Bitcoin Short-Term Bearish, But Long-Term (Still) Bullish

Analyzing the daily chart above, we can see that the base of the triangle is marked at the $9,400 region. Bitcoin is currently trading at the $10,000 support level as the buyers battle to remain above. However, it does look to me like the sellers will break beneath to possibly test the lower boundary of the triangle. Before it can reach the lower boundary, the bears will need to break beneath the support at $9,928 which is provided by a .618 Fibonacci Retracement level.
If the sellers can continue to break beneath this, they will also have to contend the support at the 100 day EMA which is just slightly below at the $9,630 level.The lower boundary is further bolstered by a short term downside 1.272 Fibonacci Extension level being located at the same price. If the sellers do break beneath the support at the lower boundary, we can expect immediate further support to be located at $9,196 (downside 1.414 Fib Extension), $9,000 and $8,794.
The technical indicators are all favoring the bearish case at this moment in time as the RSI trades beneath the 50 level, which indicates that the sellers are in control over the market momentum. However, if the bulls can defend the lower boundary of this triangle, this may be enough to bring the RSI back above the 50 level to help turn the market bullish once again.However, keeping in mind Bitcoin going back to $6,100 will still keep Bitcoin bullish when looking on the longer-term analysis. As long as Bitcoin stays above the $3000 – $4000 price area, the market is still on the uptrend for the longer time frame.Overall, Bitcoin has had seen a great bull-run during 2019 after being able to rise from beneath $4,000 to over $13,800.
 
Article Produced By
Yaz Sheikh
Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potentials of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.

https://cryptopotato.com/bitcoin-flashback-to-bearish-2018-is-btc-forming-another-descending-triangle-with-target-at-6100/

 
 

Heiko Closhen, Entrepreneur

Bitcoin Wealth Disparity: This Research Claims 2 Of Bitcoin Addresses Control 80 Of The Coin’s Total Supply

Bitcoin Wealth Disparity: This Research Claims 2% Of Bitcoin Addresses Control 80% Of The Coin’s Total Supply

                            

Yesterday, the founder and CEO of TruStory Preethi Kasireddy,
presented some data alluding that bitcoin is concentrated in the hands of very few individuals.

She noted:

“Bitcoin wealth distribution: 2% of addresses control 80% of the wealth.”

Preethi Kasireddy, who previously worked at Coinbase and Goldman Sachs, then hosted a live debate involving Vinny Lingham, CEO of Civic, Dan Held, co-founder of Interchange and herself to demystify this bitcoin wealth distribution conundrum.

Bitcoin Is Unevenly Distributed – TruStory

Saurabh Deshpande, an analyst at TruStory published a report detailing how the firm arrived at the statistics on bitcoin’s uneven distribution. Deshpande attempted to explain this disparity using the Lorenz curve. He notes that this technique is prone to some degree of inaccuracy due to some inherent weaknesses which he tried to counter. Case in point, he introduced an error term that infers half of the identified addresses as the newly assumed addresses due to the fact that it’s nearly impossible to know all the bitcoin addresses. 

He also explains that he hypothetically removed bitcoin from wallets with large holdings and transferred it to addresses holding up to 1 BTC. In addition, he claims to have done the necessary adjustments to cater to the unavailable data for addresses containing 10-100 BTC. Deshpande then came up with the following curve after making the aforementioned adjustments:

He concludes his report stating:

“The distribution is nowhere close to being ideal. I hope the scenario changes and the distribution gets better as time passes. Till then, one of the greatest threats to bitcoin is this curve.”

Back to the live debate, Vinny Lingham agrees with Saurabh’s report indicating that early miners that spent significant energy mining bitcoin and risking their capital in the process should receive some sort of reward. When asked whether he thinks the uneven distribution was fair, he implied that the bitcoin market is a free market. Dan also pointed out that as long as an individual acquired their wealth through legitimate capital investment, he was not against the idea of one individual controlling even over 97% of the entire world’s wealth.

These Analysts Support A Different School Of Thought

Ari Paul, CIO and Managing Partner of BlockTower Capital disagreed with this research saying that the “% of addresses” methodology does not paint a clear picture as someone can manipulate the data by creating multiple new addresses.

According to him:

“I don’t view “% of addresses” as meaningful. I could create 1 million new addresses with dust in each script, and drive that number down further. The problem is that the denominator is kind of a nonsense number. What does the total number of addresses mean or matter?”

“A more meaningful measure is something like # of addresses with at least 0.1 BTC. Still doesn’t tell us much, but at least here an “address” has some meaning,” Paul concluded. In addition, as per data by Coin Metrics, the number of bitcoin addresses holding 1 billionth of the coin’s total supply is now at an ATH indicating that bitcoin is gradually becoming further distributed. This was first noted by Jameson Lopp, CTO of CasaHODL on twitter yesterday. The nagging truth is that at no point in time will wealth distribution in the world become even. There will always be two groups of people: the haves and the have-nots. Therefore, this report is no cause for alarm, albeit the question of whether or not bitcoin can do anything to rectify this imbalance remains unanswered.

Article Produced By
Brenda Ngari

Brenda is a crypto and Blockchain enthusiast and has been crafting articles for at least a year. She has a solid background in Economics and Finance. When she is not writing crypto stories, she’s spending quality time with her family and friends or trying out different cuisines in the kitchen. Contact: Brenda.Ngari [at] zycrypto.com

https://zycrypto.com/bitcoin-wealth-disparity-this-research-claims-2-of-bitcoin-addresses-control-80-of-the-coins-total-supply/

Heiko Closhen, Entrepreneur

Binance Unveils Venus‘ An Open Blockchain Project That Could Challenge Facebook’s Libra

Binance Unveils ‘Venus’, An Open Blockchain Project That Could Challenge Facebook’s Libra

                              

Binance has unveiled plans to launch the Venus public blockchain for stablecoins deployment.

On August 19, the exchange annouced the planned launch of a public blockchain branded Venus. This aims to develop a global market of stable currencies. Meanwhile, according to the Chinese version of today’s report, the Venus project is named the “regional analog” of Mark Zuckerberg’s Libra project.

To implement the initiative, the company is going to team up with global businesses that are into the blockchain industry. It will be possible to issue new stable currencies on the Venus blockchain, which rate will be tied to fiat currency, oil or other valuable assets. Venus’s key audience will be emerging economies and volatile national currencies.

The company invites all interested businesses and government agencies to participate in the blockchain deployment. The exchange has already put into practice the technology of public decentralized networks and international transfers on the Binance Chain blockchain. It has released several stablecoins, for example, BitcoinBrand (BTCB) and BGBP Stable Coin (BGBP). The price of the first coin is tied to the Bitcoin (BTC) rate and the second one – to the British Pound. Venus will become a direct competitor to Facebook’s Libra platform. The social giant has already begun work on creating a blockchain and stablecoin, which will be available to users of the WhatsApp, Messenger and Instagram apps.

The Libra project will be managed by the Libra Association, headquartered in Switzerland. The association included 28 institutions such as payment operators, trading platforms, telecommunications firms, blockchain startups, VC, and educational centers. Binance keeps pushing forward with new improvements, all of which aids in the growth of the crypto space. Such steps not only increases the popularity of the exchange in particular but also boosts the global adoption of cryptocurrencies all over the world. Building mainstream innovations are becoming easier, which means the progress that is already moving at a fast pace cannot be obstructed.

Article Produced By
Victoria Tiebienieva

Victoria is a Professional Fintech writer and a graduate of the Kharkiv Institute of Finance Kyiv National University of Trade and Economics. Contact: Victoria.Tiebienieva [at] zycrypto.com

https://zycrypto.com/binance-unveils-venus-an-open-blockchain-project-that-could-challenge-facebooks-libra/

Heiko Closhen, Entrepreneur

Bitcoin Sentiment Shines in Turkey Diminishes in the Rest of Europe

Bitcoin Sentiment Shines in Turkey, Diminishes in the Rest of Europe
                                  

A report published by ING shows that the percentage of the population

that believes in Bitcoin is slowly decreasing, indicating skepticism for cryptocurrencies in general. With the exception of Turkey, Poland, and Romania, most of Europe does not believe that cryptocurrencies will be an integral part of the financial system in the coming years, August 16, 2019.

Europe Losing Faith in Crypto?

The study, which covers 12 countries in Europe as well as the United States and Australia, is a signal that people are losing faith in the potential of Bitcoin. Indeed, the deficiencies of statistics are the first defense that comes to mind while reading this report. Firstly, it is difficult to paint an accurate picture through a study with a small sample size relative to the country’s population. Second, not many people have truly grasped the value of Bitcoin as a censorship-resistant, disinflationary economic protocol. As per the report, sentiment in Austria has deteriorated the most, with a mere 13 percent of the sample population answering that they are positive on the adoption and development of Bitcoin.

In 2018, this number was 2o percent, evidencing a major reduction in trust. The study also compared the average level of knowledge regarding cryptocurrency in a particular country and found that Austria had the most knowledgeable population. This is ironic considering Bitcoin’s economic framework draws inspiration from the Austrian school of economic thought. This could be attributed to the large number of scams occurring in the space. However, there is still hope as Bitcoin is making a positive impact on the regions that need it the most. A whopping 36 percent of the sample population in Turkey would be willing to receive their monthly salary in bitcoin.

Volatility is the Biggest Struggle

Regulators and ordinary citizens alike see the short term volatility in bitcoin as the biggest setback. Long term bitcoin charts dwarf the impact of volatility, but the day to day volatility has been enough to scare a lot of investors out of the space. Successful investing in bitcoin entails the investor developing emotional resilience to noise in the market and gaining a sound understanding of why bitcoin is valuable in the first place. Once you understand what bitcoin and a decentralized economy bring to the table, it’s easy to shrug off the volatility and accept the short term movements for the sake of large scale wealth creation in the long term.

Article Produced By
Ashwath Balakrishnan

Ashwath is a financial market and technology junkie. He is a cryptocurrency investor, trader, and enthusiast. He has expertise in market psychology and explaining complex technology in a simple way. He aims to battle misinformation in the cryptocurrency space.

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