In this issue:
- Cash App revenue is now nearly 50% Bitcoin
- Brave adds one-click access to the Wayback Machine
- Skynet debuts user-friendly, decentralized file sharing
- Handshake’s .crypto TLD auctioned for 1,088,783 HNS
- Raspberry Pi lowers prices, boosts Bitcoin
We also cover CCTip, a simple way to tip content creators, incentivize followers, and distribute rewards in crypto.
All that and more in this week’s issue. But first, here’s some…
🚀 Updates From Nomics
- #1. Nomics Has New Charts 📈: We’re pleased to announce that price charts on Asset and Markets pages now include volume data, timestamps, and zooming functionality. Zoom in by clicking and dragging horizontally. Zoom out with the reset button.
To see for yourself, check out the following screenshot from our Bitcoin (BTC) page. You could also try the charts on our Litecoin price page or a Markets page like ETH/BTC.
- #2. The Block’s Hypergrowth: 0 to 4 Million Readers in 18 Months: Flippening episode #70, The Block’s Hypergrowth: 0 to 4 Million Readers in 18 Months, is live on our blog. This time, we’re joined by Mike Dudas, CEO of The Block, one of the top research, analysis and news brands in the digital asset space. We discuss The Block’s origins, its incredible growth, and what it’s like to lead a crypto-focused media and information organization.
- #3. Nomics Adds Bitfinex Funding Markets & Seven More Crypto Exchanges: This week, we added Bitfinex funding markets plus seven more crypto exchanges. BitAsset, BW, and BHEX were added with “C” Transparency Ratings for providing us with recent candle data. EtherFlyer, Bakkt, ABCC, and CoinLim were added with “D” ratings for offering low-granularity, non-historical ticker information.
All data is available on Nomics.com and through our market data API. To learn about our rating system, check out the following essay.
- #4. Another Nomics.com Ticker Sighting: Our embeddable cryptocurrency pricing widget continues to find fans. While it’s often embedded in a sidebar, some folks – like FXMARKET247 – drop it right on their homepage.
If you’ve embedded our free cryptocurrency pricing widget on your website, let us know. You might be our next Nomics.com Ticker Sighting. For more on the widget, read the announcement post.
And now, let’s see what the cryptocurrency world has brought us this week.
🙏 Thanks To Our Sponsors: Nexo & CryptoTrader.Tax
- 🚀 Updates From Nomics
- 🙏 Thanks To Our Sponsors: Nexo & CryptoTrader.Tax
- 🏇 This Week’s List
- #1. Cash App Revenue Is Now Nearly 50% Bitcoin
- #2. Brave Adds One-Click Access to the Wayback Machine
- #3. Skynet Debuts User-Friendly, Decentralized File Sharing
- #4. Handshake’s .crypto TLD Auctioned for 1,088,783 HNS
- #5. Raspberry Pi Lowers Prices, Boosts Bitcoin
- #6. CCTip Lets Users Tip and Reward in Crypto
🏇 This Week’s List
#1. Cash App Revenue Is Now Nearly 50% Bitcoin
In a letter to shareholders, Twitter and Square CEO Jack Dorsey revealed that Bitcoin generated 49% of all revenue for Square’s Cash App in Q4 2019. The $178 million attributed to Bitcoin purchases is a major increase from the $52 million generated in Q4 2018. [Link]
One of America’s most popular mobile payment apps, Cash App makes it easy for users to buy and sell Bitcoin. For a look at buying Bitcoin with the app, check out the following how-to video.
Square is also working on simplifying Bitcoin wallet and app development. In January, the company announced plans for the Lightning Development Kit, a suite of tools that will help wallet and application developers build on the Lightning Network, a second-layer solution that facilitates instant, inexpensive Bitcoin payments.
#2. Brave Adds One-Click Access to the Wayback Machine
Brave has released a new version of its privacy-focused web browser that offers one-click access to saved versions of sites that are no longer available.
Users confronted with a 404 error (or any of 14 other HTTP error codes) can now click a “Check for saved version” button and tap into the Wayback Machine, a digital archive containing more than 400 billion web pages. Odds are, there’s an earlier version that contains the right info. [Link]
The Wayback Machine is managed by the Internet Archive, a non-profit organization dedicated to preserving websites and “other cultural artifacts in digital form.”
#3. Skynet Debuts User-Friendly, Decentralized File Sharing
Decentralized content delivery network (CDN) Skynet has launched on the Sia (SC) blockchain. The system enables users to upload content to the web, where it will remain as long as someone (anyone) pins or supports it.
This has several implications. First, no government or other authority can unilaterally remove Skynet content. If someone pins it, it will be online. Second, so long as a file or application is pinned, it will remain online – regardless of whether the uploader is still interested or even alive.
Content is deployed by issuing a simple, three-word command to Siac, Sia’s command line interface. That may sound technical, but anyone can do it. Once a file or app is uploaded, the uploader receives a URL – just like the one we got when we uploaded our logo.
Content is downloaded (at competitive speeds) through Skynet portals. At present, the Sia community is footing the bill for downloads, but eventually, users will have to pay – likely with micro-transactions over Lightning. [Link]
#4. Handshake’s .crypto TLD Auctioned for 1,088,783 HNS
Skynet isn’t the only team working towards a free and open Internet. Less than a month ago, the Handshake network launched to decentralize ownership of top-level domains or TLDs.
Namebase, exchange and registrar for Handshake domains, just ended bidding for .crypto. Perhaps unsurprisingly, it was the most expensive Handshake TLD auction to date. The high bid was more than one million Handshake tokens (HNS). As of this writing, one million HNS is worth approximately $170,000.
Once the reveal period is over, the proud owner of .crypto will earn HNS whenever someone registers a subdomain. And because the TLD is registered on the Handshake blockchain, it will be resistant to hacking and censorship.
#5. Raspberry Pi Lowers Prices, Boosts Bitcoin
RAM costs have fallen, allowing Raspberry Pi to slash prices for its 2GB device. The single-board computer now goes for $35, a small price to pay for financial self-sovereignty. [Link]
Tech-savvy Bitcoiners often use a Raspberry Pi to run a full node, enabling them to verify transactions independently – without the assistance (and intrusion) of third parties. For those who prefer self-sovereignty in a box, there are plug-and-play nodes – like the Casa Node 2 – that also run on Raspberry Pi but offer an intuitive UX.
In either case, running a full node makes Bitcoin stronger: the more nodes, the more decentralized the network.
#6. CCTip Lets Users Tip and Reward in Crypto
CCTip is a simple way to tip content creators, incentivize followers, and distribute rewards in crypto.
For example, you could run a contest and pay the winners in Ethereum (ETH). All you have to do is tweet the tipping command, the amount in ETH, and the winners’ Twitter handles.
The website outlines a number of scenarios, and there’s additional info in the guide. CCTip is currently compatible with Twitter, Telegram, and WeChat. It supports Bitcoin, all ERC20 tokens, and other cryptocurrencies.