Brave Is More Popular Than Chrome In Japan
The popularity of the decentralized blockchain-enabled web browser Brave is growing as it has outranked other browsers in Google Play rankings in Japan. The most recent ranking data from Google Play shows that Brave is at number 10 on the list, while its closest competitor Firefox lags, occupying 14th place. A Google Play ranking is determined by how well apps perform against several key metrics such as crash rates, app-not-responding rates, excessive WiFi, location or processing in the background.
Will this trend for the brave browser go global?
Libra Is Taking On Fiat Backing But Not The Chinese Yuan
Social media giant Facebook, which is currently seeking regulatory approval for its Libra stablecoin project, reportedly shared details regarding the project’s proposed backing reserves. Facebook told United States senators about the backing reserves for the stablecoin — a type of cryptocurrency valued by a reserve currency, commodity or algorithm. Libra will reportedly be backed by several national currencies. These include the U.S. dollar, euro, Japanese yen, British pound and Singapore dollar. However, the Chinese yuan may be excluded from the group of reserve assets.
Tim Draper Is Now Working With MakeSense Labs
Tim Draper, a world-famous investor with an estimated crypto net worth ranging between $350 million and $500 million, has joined the board of directors of EOS-based decentralized application firm MakeSense Labs.
Bakkt Kicks Off Insurance For Platform
Bakkt is back in the news again, as Bitcoin (BTC) deposited at the Bakkt Warehouse is protected by a $125 million insurance policy. The company started accepting deposits and withdrawals on Sept. 6, ahead of the planned launch of its futures products on Sept. 23.
Bitcoin Is Now A Better Bet Than The S&P 500
BitcoinEconomics.io has just released some interesting analysis suggests Bitcoin (BTC) holders make a profit after an average of 1,335 days — or roughly three years and eight months. Comparing Bitcoin to another asset, consider to achieve a sure profit on the S&P 500, an investor would have needed to hold their position for 23 years. This analysis purely looks at the chance of profit and not the scale of that profit. When Bitcoin is on a bull run, profits dwarf those achievable on stock market indices. This raises an interesting question about how many people will use Bitcoin as a store of value as opposed to an asset you just buy and sell in short stretches from here on out.
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