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Image Of The Weekend, 3-4 November: The Daily Hodl, Forbes, Blokt and Others

05 November 2018 11:58, UTC   |    2516
Image Of The Weekend, 3-4 November: The Daily Hodl, Forbes, Blokt and Others
By Daniil Danchenko

We're presenting "image of the weekend". Bitnewstoday.com has chosen the most important news about the digital economy and virtual currencies. Only the most valuable stories from only the trusted sources. Each and every event from this list will change the world of the digital economy either way. The most important stories of this weekend in the most indicative quotes are below!

1. JUST A SURFACE LEVEL (The Daily Hodl)

Litecoin creator claims that this is only the beginning

In the latest episode of Unconfirmed, host Laura Shin spoke with Litecoin creator Charlie Lee about his thoughts on Bitcoin’s 10th anniversary. He claims that this is just the surface level of crypto revolution.

“It just feels like we’re still in the beginning. We have yet to scratch the surface on how far Bitcoin can go — or cryptocurrency in general. I think the angle is to become money that everyone will use on a daily basis, and I think it will replace fiat as money that everyone will use. So right now — Bitcoin, cryptocurrency — it’s still just a speculative asset.”

2. CRYPTO FOR CHRISTMAS (Forbes)

The price of Bitcoin has been holding remarkably steady lately

For more than two months, the digital currency has been stuck around the $6500 mark. That may come as a surprise to those who follow cryptocurrency markets closely. To technical analysts, price stability is usually followed by major moves. Will Bitcoin have another wild ride by Christmas?

According to the technical prognosis from a couple of prominent crypto analysts we can expect three scenarios: bullish, bearish and moderate one. Raghav Reggie Jerath, CEO of Gath3r Web Miner, expects Bitcoin prices to be in line with the predictions of the market model. Patrick E. Palacio, CEO of LoyalCoin, sees a moderate increase of the price of Bitcoin in the range of $7,000-7,500. Clement Thibault, Senior Analyst at global financial platform Investing.com, sees Bitcoin staying close to $6,000.

3. BROTHERS STRIKE BACK (Gizmodo)

The Winklevoss Twin push their lawsuit further

A former Bitcoin tycoon who served a year in prison for his role facilitating transactions on the Silk Road digital drug bazaar is being sued by none other than the Winklevoss twins, the HarvardConnection creators famous for suing Mark Zuckerberg for allegedly stealing the idea for Facebook from them.

According to the New York Times, Cameron and Tyler Winklevoss find it more than a little curious that Charlie Shrem’s post-prison purchases have included two Maserati sports cars, two powerboats, and a $2 million Florida mansion, despite the fact that Shrem characterized himself as almost penniless at the time he went to prison a few years ago and said he worked as a dishwasher after getting out. They are are pushing the previously sealed lawsuit due to the change of Mr. Shrem’s lifestyle, involving luxurious real estate and speedboats.

4. MAKING DOCUMENTATION GREAT AGAIN (Blokt)

IOTA Foundation publishes a blog post seeking help from the community to make a new and more comprehensive dedicated documentation portal 

IOTA Foundation announced that it is building a new documentation portal to make all relevant information about the IOTA ecosystem — from basic overviews to highly specific technical details — in a unified and easily accessible platform. Per the announcement, a dedicated IOTA Foundation team has already started working on the new portal, which will be designed and developed from scratch.

OTA already has a documentation site that serves as a knowledge hub for anybody interested in the technology and its derivatives. However, with increasing popularity, the IOTA ecosystem is also growing rapidly, rendering the current site incapable of catering to the growing demands from the community, said Jakub Cech, product owner at IOTA Foundation.

5. CONSENSYS GOES TO THE MOON (TechCrunch)

A blockchain firm bought asteroid mining company

Pioneering space startup Planetary Resources was acquired by, of all things, a blockchain firm this week. ConsenSys, a Brooklyn based firm that specializes in all things Ethereum issued an announcement noting that it has snagged the asteroid mining  company. It’s not entirely clear how the two companies will work together, though ConsenSys founder Joe Lubin (who also helped author Ethereum) did manage to mention “decentralizing space endeavors,” which is certainly on-brand for the head of a blockchain company.

“I admire Planetary Resources for its world class talent, its record of innovation, and for inspiring people across our planet in support of its bold vision for the future,” Lubin said in a statement tied to the news. “Bringing deep space capabilities into the ConsenSys ecosystem reflects our belief in the potential for Ethereum to help humanity craft new societal rule systems through automated trust and guaranteed execution. And it reflects our belief in democratizing and decentralizing space endeavors to unite our species and unlock untapped human potential.”

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