"It's cause he's sick and tired of Coinbase not listing XRP. He's had enough just like the rest of us."
- Award for naming 'The Least Likely Reason David Marcus Resigned from Coinbase's Board' goes to Steven.
In case you missed it, David Marcus - who leads the Facebook blockchain strategy - stepped down from Coinbase's board this morning in what appears to be a conflict of interest. Here are a few guesses around what the Facebook crypto team might be building.
IN CASE YOU MISSED IT
💰 Bitmain weighs an $18B IPO The startup's on track to displace Facebook as one of the largest public offerings in history.
🇹🇷 Volumes surge on Turkey's crypto exchanges as the Turkish Lira plunges to record lows.
⚡️ SparkSwap which we covered in our August 1st issue, made its official debut as one of the first exchanges built on Lightning today.
🚗 Volkswagen Group is taking blockchain tech for a spin. The company's testing "crypto technology" specifically as it relates to maintenance, logistics, self-driving vehicles, and tamper-proof odometers.
🦊 Trezor + MetaMask Not only does this integration mean you can use MetaMask with Trezor to check balances and sign transactions, but you can also more easily manage smart contracts and dApps (whereas before you'd have to transfer tokens to MetaMask before dealing with contracts).
🚨 We're actually giving away BTC 800 dollars worth to be exact. And you only have to submit your email to be in the running.
🚀 Bitrefill is working with Bitcoin Lightning Wallet to allow users to create a payment channel with the change output of a Bitcoin transaction. Just one of many UX improvements we're beginning to see in the space.
READS OF THE DAY
📖Conditions for the possibility of exit A post by user Rococo Modem Basilisk that responds to Sonya Mann's The Conversations that Cryptocurrency Killed. The piece begins by acknowledging the importance of exiting (and the right to exit) but urges us to be clear to what extent we exit a system and how.
THOUGHT OF THE DAY
Opinions and observations from our readers. Have a thought you'd like to share? Reply directly to today's issue, and we'll review your submission.
"When talking about Why Crypto Matters and where The Big Opportunity is, people often begin from different assumptions and starting points, and, more importantly, have a different end game in mind, which leads to confusion: investors are unclear what thesis they’re applying to the market, newcomers struggle to follow along, and maximalists spend endless energy trying to convince one group to think like the other, without fully appreciating where they differ (or align!) on first principles.
Let me try to simplify by painting a (very broad) picture of the two main belief systems in the space:"
Read Erik's analysis on the Money Crypto narrative vs the Tech Crypto narrative over here.
QUESTION OF THE DAY
What most excites you about the decentralized exchange future? - Sam Campbell
Radar Relay CEO Alan Curtis shared his thoughts in today's Q&A.
THING TO KNOW
A candlestick is generally used to show the highest price, lowest price, opening price and closing price of an asset for a specified period.
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