China Yuan’s share of BTC trading drops to less than 1%

The Intrepid Report Issue #42

Proof-of-stake solved?, hackers target retail investors, ICO budgets, and more…

Julien Breteau
The Blockchain Review by Intrepid
6 min readJul 17, 2018

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Here’s what’s in store for you this week: Cardano’s blockchain claims to have solved Proof-of-stake while the Chinese Yuan’s share of BTC trading dropped from 90% to less than 1%. We’ve got insights on the top 100 cryptocurrencies described in 10 words or less, as well as thoughts from the Blockchain Review on what to expect from ICO budgets, and much more. Check it out below.

Key news highlights. What’s going on in the world of Blockchain?

Chinese Yuan Now Accounts for Less Than 1% of Bitcoin Trades — PBoC Report
China’s Sep. 2017 ban on crypto exchanges and Initial Coin Offerings (ICOs) became yet more stringent in early 2018, with officials stepping up their restrictions in January to include a broader category of “market-making” platforms and services and issuing strong statements against ICOs. Further local media reports have this week suggested that China does not intend to lift its ban on Bitcoin trading any time soon.
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Here Come the First Blockchain Smartphones: What You Need to Know
Two companies (HTC Corp. and Sirin Labs) are planning to soon launch smartphones with native blockchain capabilities that will allow users to trade digital tokens and store them offline. Here are what the phones can do and whether they will be as secure and user-friendly as intended.
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Hackers Target New Cryptocurrency Investors
As cryptocurrency exchanges beef up security measures and choose to outsource the storage of funds to specialist businesses following a relentless run of heists, cybercriminals are turning their attention to stealing digital tokens directly from users, commonly through phishing attacks. Beyond suspicious emails, there are other ways users can fall prey to attacks.
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A $3.3 Billion Claim: Has Cardano’s Blockchain ‘Solved’ Proof-of-Stake?
“Proof-of-stake is solved.” Even in an industry that’s seen no shortage of grand proclamations, those words, issued by entrepreneur Charles Hoskinson in April, grabbed attention. Given the size of the claim (and its impact), it’s an assertion that sparked doubt from Cardano’s more prominent competitors. Read on to find out more about the unknowns.
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Could Europe Become the World’s Leading Blockchain Hub?
When people think about blockchain technology or international tech hubs, Silicon Valley in the US and tech power players across Asia like Singapore often come to mind first, with the integral part European nations play on the global playing field often understated. A recent study by Ipsos showed that Europeans were more optimistic about the future of crypto than both Australia and the US. Here’s why Europe is best positioned to play a leading role in blockchain.
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The latest insights, thoughts, and analysis from the Intrepid Team

ICO Budgets: How much does it really cost to do an Initial Coin Offering?
As an entrepreneur in the blockchain and crypto space, you have probably investigated raising funds through an ICO. But, how much does it really cost to do an ICO? Beyond attracting a sufficient number of contributors to meet a fundraising goal, a significant budget needs to be set aside to ensure that an ICO is safe, compliant and built on a solid technological foundation that provides real value to a community of contributors.
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Articles, white papers, ebooks, and more

Why India and China Won’t Lift Their Crypto Bans Anytime Soon
Why an accelerating US trade deficit, chaos in emerging market currencies, and the race to dethrone the US dollar as the global reserve currency with the world’s first ‘digital reserve’ means China and India will likely never legalize cryptocurrencies.
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Top Bitcoin Wallet Reviews — A Mega Collection [2018 Edition]
Some investors want to hold BTC short term while some long-term. And some even don’t know how or where they are going to keep their BTC and for how long. If you’re still trying to figure out what wallet to use, this is for you.
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Is My Initial Coin Offering (ICO) Compliant with U.S. Security Laws?
During an ICO, in exchange for funds, paid in dollars, Bitcoin (BTC), or Ethereum (ETH), backers or investors receive a package of rights (the coin or token) that permits them to use the ICO developer’s product or service. Those rights may include the ability simply to use the product or service or to be part of its development, and in some cases, even to a share in the profit. So how do you know if you’re ICO is compliant?
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Top 100 Cryptocurrencies Described In 10 Words Or Less
Here is a list of the top 100 cryptocurrencies sorted by decreasing market cap at the time of writing. Each description provides just enough information to get a thumbnail of the project. You’ll also find links for in-depth discussions of many of the cryptocurrencies covered in the list.
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Crypto Bounty Hunting Is Becoming a High-Tech Way Out of Poverty
Life used to be different for “Crypto Shaolin”, who made a living out of selling cold drinks to tourists in central Africa. Things changed when he met a man wearing a strangely worded “HODL” shirt. The man presented Crypto Shaolin with ether, the cryptocurrency that powers ethereum, asking for only one thing in return: that he research the technology. Here’s how his life turned around, but also the darker side of bounty hunting.
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Updates on what we’re up to and our upcoming events

Metabase Pre-sale 2 Whitelist Continues
We are in the midst of pre-sale 2 and have received an overwhelming response in whitelists. This stage of the sale offers a discount of 20% on all tokens purchased, and we will be sharing more about a referral program that can help you and your friends earn more tokens as the sale progresses. We’ll be back with more updates on completing your purchase, so whitelist now and stay tuned!
Get Whitelisted

We are on the CoinSchedule Blog!
ICO Reports has covered Metabase in a recent blog post, detailing everything from the project concept, architecture, video reviews, and community-generated content. Check it out here!
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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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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.

Interested in learning from leading entrepreneurs in the blockchain world? Check out our Founders in Focus interview series on YouTube. A show where we uncover the personal stories and journeys of founders and innovators from the crypto sphere.

Originally published at The Blockchain Review.

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Julien Breteau
The Blockchain Review by Intrepid

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