Crypto daily: Bitcoin Hovers Under $8,700; Block.one Launches Social Media Platform on EOSIO

Bitcoin Hovers Under $8,700, While XRP and BSV Shoot Higher

Bitcoin and most of the major altcoins left the green zone following the mild recovery on the weekend. The total capitalization of all digital assets in circulation settled at $276 billion, off the recent Sunday high $278 billion, while an average daily trading volume retreated to $69 billion.

Top-3 coins price overview:

  • At the time of writing, BTC/USD is hovering marginally below $8,700, mostly unchanged since the beginning of Monday with 1.5% of gains on a day-on-day basis. The largest digital asset attempted to break above $8,800 on Sunday but failed to keep the ground.
  • Ethereum, the second largest digital asset with the current market capitalization of $28.5 billion, is range-bound on Monday. The coin has slipped Sunday’s high of $274,15 to trade at $267.90 by press time.
  • Ripple’s XRP is a bit more successful this Monday morning. The third largest coin has settled above $0.4570, having gained nearly 5% since time on Sunday and 2.8% since the beginning of the Asian trading on Monday. [Source: fxstreet.com]

EOS Parent Company Block.one Launching A Blockchain-based Social Media Platform

Eos (EOS) parent company Block.one announced a blockchain-based social media platform called Voice. The platform will use the EOS blockchain to provide transparency on how it operates, without hidden algorithms or content-pushing mechanisms of which the user is unaware.

In the press release, the CEO of Block.one, Brendan Blumer, compared Voice with traditional social media platforms, saying:

“The truth is, current social media platforms are designed to use their users. Just look at the business model. Our content. Our data. Our attention, these are all incredibly valuable things. But right now, it’s the platform, not the user, that reaps the reward.”

Blumer says transparency will be a core part of the user experience. Every single contributor will play by the same rules, eliminating hidden agendas, sneaky algorithms, bot mobs and data tracking.

According to the official announcement,
Voice is a more transparent social media platform for the world, where the value of good content gets circulated right back into sustaining the community, not corporate bottom lines.” [Source: CoinTelegraph & dailyhodl.com]

What do you think of Voice? Have you used an older version decentralized social media platform called Steemit before? Share your thoughts in the comment section!

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