Volatility in Bitcoin has made it difficult to use as a payment system like Paypal or Visa. According to Koning, stablecoins, pegged to fiat currencies, can become what Bitcoin did not by sidestepping volatility but keeping other core features. For stablecoins to become common currency, however,they need to identify and then implement these features. First, stablecoins should adopt Satoshi Nakamoto's non-reversibility design, which makes Bitcoin operate like digital cash: no third party mediation on disputed contracts. Anti-Money Laundering (AML) laws required for regulated stablecoins make implementing this design difficult though. Even if non-reversibility is implemented, stablecoins still have to be adopted by the market. The best way is through merchants who can pass along the savings from the non-reversibility design--to lack third party oversight is to lack overhead costs--to the consumer. Even still, behavioral theory shows that humans digest gains and losses asymmetrically and that discounting is not always as effective a method as once thought. Stablecoins still have a lot of questions to answer -  BreakerMag


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Nasdaq is adding the Bitcoin Liquid Fund and Ethereum Liquid Fund to its list of 40,000 indexes; the two indexes are provided by Brave New Coin and list the most liquid prices available on the market. The indexes will be added by the end of the month - Link
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The Beam development team has announced plans to build a Lighting Network (LN) on top of the Beam state; the LN is a secondary layer application that allows for quick, cheap, and secure payments off-chain. Beam is working with Grin developers on the project - Link
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The fifth largest bank in the world, Japan’s Mitsubishi UFJ Financial Group (MUFG), is launching a blockchain payment system in conjunction with the U.S.'s Akamai; dubbed the 'Global Open Network,' the system is expected to launch H1 2020 - Link
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Coinbase Wallet has added encrypted private key sharing with Google Drive and iCloud compatible with desktop and Apple or Android mobile phones; now, users can store encrypted copies of recovery phases on personal cloud accounts to both safeguard funds and provide relative accessibility - Link
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Blockchain scanning and investigator Chainanalysis raised $30M in a series B fundraising round, bringing the total to $48M from their previous round last April; over 100 financial firms use the firm's services which saw a fourfold increase in revenue in 2018; the funds are expected to go towards a new facility in the UK and product development - Link
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