Token Report Newsletter: EOS Cash-in? G20 Sigh of Relief

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Rekt and blaming EOS for dumping ETH? Here’s another angle: look how closely the price of ether is tied to crowd interest in ICOs. Does ICO curiosity drive the price? Or is it the other way around?

As a share of the largest ICOs in each quarter, private sales are growing: 14.8 percent in Q4, 24.4 percent so far in Q1. But as the chart above and those numbers both show, the enthusiasm of the crowd remains a potent driver of value (or perceived value) on Ethereum’s network.

1 Short Read: 3 Questions About TCRs

Token curated registries (TCRs) are like a decentralized Angie’s List: Curators can earn more tokens with increasing demand among candidates seeking to be listed. There are a few projects already underway that are using TCRs, such as Messari and District0x. For a primer on TCRs, this popular TCR reading list is your best bet.

Here are some questions we have for TCR developers, including:

• Can large TCR networks fragment? Can one TCR token “nest” inside another?
• What may be the unintended consequences of financial rewards on existing curation value networks?
• How should the “Squarespace of TCRs” be constructed (if it should exist at all)?

Last Week’s FOMO & FUD

You don’t have to believe any of it, but here’s what the Internet was saying about people and projects in crypto last week.

FOMO:

• The G20 meeting this week won’t result in any new cryptocurrency regulations. Instead the international governments forum will focus on studying existing laws — NewsBTC.
• Huawei is building a framework for comparing and stress-testing different blockchain systems — CoinDesk.
• PwC is entering the blockchain auditing business by partnering with VeChain and building tools to track post-ICO token performance and governance — Cryptovest.
• Korea is said to have a plan to allow ICOs to incorporate in the country, but only for domestic investment — KoreaTimes.
• Gibraltar’s government published a “token sales regulations” whitepaper — Gibraltar Chronicle.
• Lightning Labs announced beta launch of their off-chain transaction network and $2.5M funding with Jack Dorsey and David Sacks — Forbes.
• Civic has launched the “first reusable KYC platform for token sales” — PRNewswire.

FUD:

• Bittrex will remove 82 tokens from their exchange at end of month. Many of them had blockchain-level problems that prevented withdrawals — Bittrex.
• LL Bean’s blockchain experiment was a failure — Pymnts.
• Ethereum began coughing back up some of its Q4 gains as it dropped to prices not seen since early December — Coinbase Charts.
• France has publicly identified 15 cryptocurrency-related websites they say are breaking “Sapin II Law” — AMF-France.
• Google will ban search ads related to cryptocurrencies — Forbes.

Who to follow
“For a space full of wonderfully paranoid people who grew up on dystopian sci fi and think so hard about threat models & how their tech might be exploited, there is surprisingly little thought given to how our own products and platforms might be used in deeply disturbing ways.”
-Jill Carlson on Twitter

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Token Report is an independent financial information service founded by Galen Moore and Peter Vessenes. Galen is a financial journalist with a background in startups, venture capital and launching news sites. Peter is a co-founder of the Bitcoin Foundation, and launched the first VC-backed Bitcoin company in 2011. He is managing director at New Alchemy, a consulting and investment group based in Seattle, Wash., that is making a pre-seed investment in Token Report.​

Nothing contained in Token Report materials or posted at tokenreport.com constitutes an offer or a solicitation of an offer to buy or sell a security, financial instrument, or other category of asset, or investment advice or recommendation of a security, financial instrument or other category of asset. Tokens involve risk and are not suitable assets for everyone. Token Report believes its information was obtained from reliable sources but does not guarantee its accuracy or completeness and accepts no liability for losses arising from the publishing of this information. The information provided by Token Report is not a substitute for financial, legal and other professional advice. Each individual should always consult his or her own financial, legal or other professional advisors and discuss the facts and circumstances that apply to the individual.