Messari's Weekend Reads 😎 - Unqualified Opinions

reading, sleep, and self-care

Your daily snapshot from our OnChainFX markets dashboard.

Happy Friday, y’all!

We will be off on Monday for Memorial Day in the U.S. so we are packing today’s newsletter full of updates and weekend reads to hold you through the long weekend.

For those of you who continue to support our company with paid subscriptions, thank you! We hope you’ve been liking what we’ve covered so far this quarter.

For those of you who are still sitting on the sidelines, here’s a small taste on what you’ve been missing out on so far in Q2:

Much more coming in the second half of this second quarter. End the FOMO!

📚 Messari’s weekend reads:

Following the success of our Q&A session with Bruce Pon, founder of Ocean Protocol, we hosted a live AMA in our public telegram this week. If you didn’t get a chance to attend you can read the conversation in the group or check out the transcript on our site.

✅ Other project updates from the Messari Registry Members:

Have a good weekend and a great start to summer y’all.

- The Messari Team

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Messari Compression Algorithm

Content and thoughts from around the web as summarized by the Messari team.

🌍 [Analysis] Bitcoin could change the game for foreign aid - Alex Gladstein

CSO at the Human Rights Foundation Alex Gladstein thinks Bitcoin ($BTC) is the future of humanitarian aid. Foreign aid is more middlemen and third-party pick-pocketing than helping the poor Samaritan, with a 2012 estimate from the UN Secretary-General Ban Ki-moon claiming 30% of developmental assistance does not reach its intended destination. Overhead, administration costs, time delays, and infrastructural issues only add to the long list of headaches governments, NGOs, and others face. But the rise of the smartphone and Bitcoin points towards a new streamlined system that is both censorship resistant and borderless. With local currency off-ramps expanding in availability, the future of humanitarian aid is dawning. (share or read more)

[Analysis] Bitcoin - the unseizable asset - Rayne Steinberg

The killer feature of Bitcoin ($BTC) is its unseizable nature, according to Rayne Steinerg. Private property is the bedrock of freedom and, historically speaking, slight encroachments on this freedom have often turned totalitarian quickly. In the United States, FDR's Executive Order 6102 forced American's to relinquish gold 'hoardings' in return for Federal Reserve notes. For 40 years, the supposed champion of liberty disallowed this basic economic freedom. Where gold fails as a physical asset, Bitcoin exceeds. If wielded correctly, Bitcoin is unseizable, greatly extending its economic value past other stores of value. (share or read more)

Quick Bits (Don't read that, I read it for you)

Choke Points (Exchange News)

  • 🗽Following its acquisition of a BitLicense in January, Robinhood Crypto has announced its availability to New York customers in an email. Trades are open 24/7 with seven assets available including Bitcoin ($BTC), Bitcoin Cash ($BCH), Bitcoin SV ($BSV), Ethereum ($ETH), Ethereum Classic ($ETC), Litecoin ($LTC), and Dogecoin ($DOGE). (share or read more)

  • ✅ Tokinex, the IEO platform co-sponsored by exchange Bitfinex and Ethfinex, has announced its first token project launch with Ampleforth. According to The Block, Ampleforth chose Tokinex because of the lack of listing fees and superior user base compared to other IEO platforms. (share or read more)

Startup Signals (ICOs, Cryptos, and Startups)

  • 📱 AT&T has tapped crypto payment service BitPay to facilitate bill payments in crypto, according to CoinDesk. Although other purchases cannot be paid in crypto, AT&T VP Kevin McDorman applauded the effort saying, "We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.” (share or read more)

  • 🚀 Telegram Open Network (TON) is set to launch in Q3, according to a note sent to company investors. A testing period proved the TON virtual machine and consensus algorithm met the standards set in TON's white paper, per The Block. Telegram's TON ICO raised $1.7 billion with its token, GRAM, supposedly listed on Asian exchanges like Binance, Huobi, and OKEx. (share or read more)

The Powers That Be (Legal/Reg/Policy)

  • ✋The Securities and Exchange Commission has sued an alleged pyramid schemer who promised riches through a cryptocurrency-related investment. Per an SEC press release, Californian Daniel Pacheco ran a pyramid scheme from January 2017 through March 2018 via his companies IPro Solutions and IPro Network which raised $26 million from investors for e-commerce products with an attached crypto rewards programs. (share or read more)

Did I miss something?

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