Hey guys! Welcome to the #2nd edition of Simplecrypto. In this newsletter, we talk about news, projects, history and ideas related to crypto. I like to keep my writing simple and fun to read. Don't forget to subscribe for more updates. Let's begin!
Crypto Price Activity
BTC - 24h Low / 24h High
$7,155.32 / $7,375.49
ETH - 24h Low / 24h High
$165.94 / $173.01
BAT- 24h Low / 24h High
$0.161276 / $0.179103
1. Fold announces VISA card
Fold is a mobile app that offers users Bitcoin rewards for shopping. Meltem Demirors, the Chief Strategy Officer of CoinShares announced on twitter:
This is different than other cards in the industry. While other crypto cards allow spending of crypto, this card allows people to spend fiat and earn Bitcoin - And because the rewards are in Bitcoin, it is doesn't trigger any taxable events.
2. Microsoft's Azure Blockchain Service under strain
Microsoft users can deploy entire blockchain networks, in the cloud, using Azure. Since major parts of the world are under quarantine due to Coronavirus, the demand is surging for the service. Microsoft admitted that even Xbox Live is putting a strain on overall Azure capacity.
Project of the Day
Zerion is an amazingly beautiful interface to DeFi. You just need to enter your ETH address and you can do the following and more:
1. Send/Receive Tokens
2. Check balances and assets
3. See your wallet's history/activity
4. Check your portfolio performance
5. Lend/Borrow with Compound
6. Buy/Sell Tokens
7. Invest in liquidity pools
You are in complete control of your funds with Zerion. It is a one-stop solution to manage your altcoins. Check them out at - https://zerion.io
Crypto in Quotes
Vitalik Buterin, co-founder of Ethereum recently said:
The best argument in favor of any centralization is often about concentrated incentive: if a million people each have a tiny stake in an outcome and only tiny ability to influence it, they won't care (or worse, are easily led astray by side incentives) ... but if a single person has large stake+influence, they'll take time to learn and optimize and use economies of scale to make+execute good decisions.
The best arguments against centralization are fragility, risk of abuse of power, low "bus factor"....
Quick Facts - DApp Volumes
1. $7.9 billion in DApp volume transpired across 13 blockchains in Q1 2020.
2. The number of new DApps launched this quarter fell by 60% compared to the same quarter last year.
3. DeFi represented the largest share of Ethereum DApp volume this quarter.