Forks, Funds, and Fiends
A controversial new plan could change the face of BCH
Hola Blockfolians,
The Lede
What do you call it when a group of the four largest Bitcoin Cash mining pools decide to start directing 12.5% of block rewards to a developer fund and promise (threaten?) to orphan all blocks that don’t abide by this plan? The latest crypto drama:
What we’re paying attention to
📱Bakkt to launch consumer app in 2020 - Speaking at The Block’s event in Davos, Bakkt COO Adam White shared that the company’s consumer app would be dropping this year and will be allowing consumer to interact with an array of digital assets including cryptos, virtual goods, loyalty and more.
👩🔬CoinDesk releases 2019 research review - Highlights include: # of addresses holding more than 1,000 BTC continued to grow; 4 assets out performed BTC in 2019, including ChainLink, Tezos, BNB and ETHlend; the total amount of ETH locked in DeFi grew from ~1.75% to 3%.
⚡️Square continues to crank in crypto - First, Square Crypto announced it was building a Lightning Development Kit. Then, news broke that the company had been awarded a patent for a fiat-to-crypto payment network. What can’t Dorsey do?
A really big number you should care about:
100,000+
That’s the number of Pornhub performers who were impacted last November when PayPal unexpectedly started blocking payouts. Today the site announced that those performers could cash out using Tether (USDT).
