The Intrepid Report Issue #40
Facebook reversing crypto ads ban, Andreessen Horowitz sets up crypto fund and more…
Here’s what’s in store for you this week: Facebook and LINE make optimistic moves in support of cryptocurrencies, cryptojacking is on the rise, and more top VCs set up crypto funds. We’ve got insights on the controversy around EOS, as well as thoughts from the Blockchain Review on the appropriate usage of the term “Cryptocurrency”, and much more. Check it out below.
Facebook is Reversing its Ban on Some Cryptocurrency Ads
Facebook is reversing its ban on cryptocurrency advertisements and will now allow some pre-approved advertisers to promote crypto businesses and services, like exchanges. Although ads promoting ICOs are still banned, advertisers that are approved by Facebook through an application process can promote crypto products.
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Messaging Giant LINE Announces New Global Crypto Exchange
Japanese messaging app LINE has announced plans to launch its cryptocurrency exchange BITBOX in July with support for 30 coins including bitcoin. In the announcement, LINE revealed the new exchange will only allow for crypto-to-crypto trading with no exchange between fiat currency and cryptocurrencies. Japanese and US nationals are excluded. Here’s more on the announcement.
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Cryptocurrency Mining Malware is the New Ransomware
As reported by McAfee, crypto malware has increased by over 600% in Q1 2018. Cryptojacking involves hijacking the processing power of unsuspecting internet browsers in order to create — or “mine” — cryptocurrencies, typically an energy-intensive process. The number of cryptojacking attacks is still growing, and criminals are likely to be looking at exploiting mobile devices as much as PCs in the near future.
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Andreessen Horowitz Lends Credence to Crypto With New Fund
Venture capital firm Andreessen Horowitz is bringing in a former federal prosecutor, Katie Haun, as its general partner to help manage a new $300 million fund — a fund dedicated to investing in cryptocurrency and blockchain-related efforts. The new fund will give the firm more flexibility to make different types of investments, including investing not just in traditional equities, but in digital tokens as well.
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What is Cryptocurrency & Why the Term Doesn’t Apply to Most Coins & Tokens
The term cryptocurrency has proliferated rapidly ever since the inception of Bitcoin, which as a platform primarily used for the exchange and storage of value, was a fundamentally correct use of this term. However, as the market has expanded and new coins and tokens have entered the scene, the term has retained significantly less relevance. Here’s why.
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Bithumb Hack Does Not Change Bitcoin Fundamentals
The recent hack of leading crypto exchange Bithumb “doesn’t really change the fundamentals of Bitcoin” stated Litecoin (LTC) founder Charlie Lee. According to Lee, the hack of a crypto exchange does not affect Bitcoin’s (BTC) fundamentals just in the same way as a bank robbery should not affect the price of gold. Read on for more insights about crypto exchanges.
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How Should We Regulate Blockchain? It Depends on Which Country You Ask
While blockchain has earned international notoriety for being the mechanism underpinning major cryptocurrencies such as Bitcoin and Ethereum, regulatory agencies are still catching up to an ever-changing system, and many are in a state of disagreement about where blockchain fits into the future of the international commercial ecosystem. Here’s a breakdown of how major global actors are approaching the regulation of blockchain and what world leaders think about crypto.
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Putting EOS on Trial | An Analysis of Cryptocurrency’s Largest ICO
EOS has been dubbed the “Ethereum killer,” a complete scam, and everything in between. Whether you’ve been following EOS from day one or are just tuning in, there’s a ton of information to process — some good and some bad, depending on who you talk to. This article analyzes some of the top claims against the controversial dApp platform.
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The Metabase ICO: Everything You Need to Know in Less than 3 Minutes
We cover all aspects of the ICO pre-sale and main sales, including hard caps, token supply, getting on our whitelist, discounts and more. Note down the dates so you don’t miss the limited discounts and sale dates!
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Intrepid Ventures: The Driving Force Behind Metabase Blockchain
Many of you are well on your way to getting acquainted with the Metabase project. To assist you on your journey to get to know us, we wanted to provide some insight into Intrepid Ventures, the company behind Metabase. Here’s what drives us, who we are, and the leaders behind our growing team.
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Metabase Answers — ICO Alert Interview
Here’s an interview from ICO Alert with Collin, our Managing director and co founder. Tune in as he shares his insights about the future of turning ideas into impact and the importance of building a community that networks, instead of just another company that works.
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Want to learn more about blockchain? Check out our new micro-site How Does the Blockchain Work, a clear and non-technical guide on how blockchain, Bitcoin, and Ethereum works, and more. Check it out.
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Julien Breteau is Head of Content Marketing at Intrepid Ventures, a blockchain venture studio. He’s focused on championing Intrepid’s mission, delivering thought-provoking, high-quality content, and engaging with Intrepid’s growing communities around the world.
Originally published at The Blockchain Review.
