The Intrepid Report Issue #43
What happens when a blockchain company runs out of tokens, a Bitcoin money laundering breakdown, and more…
Here’s what’s in store for you this week: CFTC advises on the importance of doing your own research, and the spectrum of opinions on crypto at the US congress hearings. We’ve got insights on Bitcoin money laundering, as well as thoughts from the Blockchain Review on how blockchain can transform the property sector, and much more. Check it out below!
Do Your Own Research, Advises CFTC In Cryptocurrency Warning
The US Commodity Futures Trading Commission (CFTC) published a customer advisory about the need to exercise caution and conduct research before purchasing virtual coins or tokens. “Understand what rights are attached to the coin or token being sold…Be especially wary of promises or guarantees of future value.” the agency wrote. Here’s more on the advisory and list of factors for potential token buyers to consider.
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From Positive Regulation to Ponzi Comparisons: What Went On at US Congress Crypto Hearings
Two separate U.S. Congress hearings were held on July 18: one by the House Agriculture Committee, and the other one by the House Financial Services Committee. The two struck completely different tones as the board of experts provided the regulators with collected considerations that could affect the industry.
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An $8 Million ICO Ran Out of Tokens. What’s Next Is Anyone’s Guess
“Scarcity” may be a crypto buzzword, but “shortage” has hardly made the footnotes — until now. In early July, the developers behind U Network, a blockchain publishing protocol valued at around $8 million, abruptly announced that it had run out of its reserve of UUU crypto tokens. While U Network’s dilemma is currently an outlier in the industry, its situation may force similar projects and those that have implemented airdrops to confront the difficult question of what happens when your startup runs out of its own tokens?
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Blockchain in Real Estate: How Blockchain Technology can Transform the Property Sector
The real barrier to smooth property transaction is in fact ‘trust’. Even though moving is in theory just a transaction between a buyer and seller (or renter and landlord), in reality, numerous parties are involved. And, for a transaction to proceed smoothly, each must have confidence in the next. Here are insights from the former UK housing minister and Chair of the UK Parliamentary Blockchain Committee on how blockchain acts as the trusted third party.
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Crypto Utopia
Over $20 billion has been raised by Crypto projects through ICOs since the start of 2017. That’s $18 billion more than a year ago. So what has this Cambrian Explosion brought to financial services? This analysis from Autonomous tracks the complex themes developing within the crypto economy, separating underlying technology progress and institutionalization from the bubbly noise. The analysis seeks to explore the crypto landscape over the past year and deep-dive into the status quo for crypto funds, ICOs, and the regulation that governs them.
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Bitcoin Money Laundering and Mueller’s 12
A Blockchain Analysis of the July 13th Mueller Indictment. This article gives an overview of how indicted Russian spies used Bitcoin to purchase services to support hacking activities during the 2016 U.S. presidential election. The breakdown of this incident presents a case study on why Bitcoin transactions are NOT anonymous, how IP addresses can be correlated with Bitcoin addresses, how anonymous verification schemes which involve sending “random” amounts of BTC for account creation actually make payment histories easier to identify on blockchains.
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Why Oppressive Rulers Love Cryptocurrency
Freedom. Democracy. Equality. That’s the promise of crypto. Blockchain technology was built to decentralize governments and the power of financial institutions, as well as redistribute power to the people. So why is crypto so appealing to authoritarian rulers too? Here’s a short video that sheds some light on the matter.
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Crypto and Blockchain — Following in the Footsteps of Man’s Greatest Inventions?
Throughout history, human civilization has gone through massive growth periods, thanks to major technological advances. The earliest — and perhaps most notable — was the discovery and mastery of fire, which is estimated to have happened around 700,000 years ago. Here’s a list of five of the biggest innovations in communications technology that have changed the way people access and consume information and data.
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A Look at ICO Stats by Country
Looking at the range of cities and nations eager to attract blockchain investment, it is clear that this technology has become a global phenomenon. Just about every country has a story about why theirs is the right mix of taxes, regulation, and capital to make a blockchain company work. The question is… does it really matter? There are two ways to consider this issue — a launch perspective and an operational perspective. In both cases location matters, but for very different reasons.
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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!
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Metabase Community Round-Up
In the build-up to launching Metabase, we always knew that content was going to play a central role in helping us share our story and explain what we’re building. But we’re not the only ones creating content for Metabase and spreading the word about our platform. A big thank you has to go out to all our content contributors! Here are some of the highlights from the community.
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Originally published at The Blockchain Review.
