CryptoCurrents [IV] | 23.Jun.2018
Weekly pulse of key events in cryptocurrency markets
📰 TLDR | ETH is not a security… $31M Bithumb hack… Mt. Gox to pause bitcoin liquidation… Security tokens are coming
Market Snapshot
📢 Headlines | Eth is not a security due to sufficient decentralization (but ICOs may be) / Tether (USDT) third-party audit validates full asset backing … with some doubts / Mt. Gox settlement to pause all BTC sales
🚀 Launches | Radix DLT alpha launched (coolest project you’ve never heard of, mostly operating in stealth mode)
💼 Regulatory briefing | Japan’s FSA issues compliance mandates for 6 exchanges / FATF to discuss global cooperation for governance on crypto exchanges / CFTC probes exchanges for Bitcoin Futures manipulation
🏄 ICOs | Emergence of the security token / The ICO regulatory reckoning according to CBOE / ICOs already retooling for SEC compliance / Optimal token distribution models
👑 Sovereign snapshot | Thailand expected to approve 5 ICOs this month / French president acknowledges ICOs in national business improvement plan
👻 Hacks | Bithumb (Korean exchange) hacked for $31M… refunds users
🏋🏾 Noteworthy Raises | Novogratz’s Galaxy Digital Fund seeds Alphapoint for $15M / TrustToken raises $20M round led by Andreessen Horowitz (a16z)
🌐 Ecosystem views | Non-fungible tokens / Stablecoins
🌀 Coinbase | CB Index Fund now open to accredited investors for $250K to $20M
⚡ Binance | Big B integrates TradingView features and adds USDT markets / Decentralized exchange (DEX) to be launched later this year
🔧 Cool tools | TokenSpread arbitrage monitor / Crypto jobs / Do I own a $h!tcoin?
⭐️ Market perspective | Chinese investors optimistic despite bear market / Bitcoin volatility at annual low potentially signalling a bottom / Prominent investors stay committed through bear cycle
🔑 Custody corner | Institutional providers exploring qualified custodianship services and regulations
♻️ Exchanges | Winklevoss twins win patent for system to provide exchange-traded products (ETPs… similar to ETFs) for digital assets / tZero expected to become world’s first security token exchange
💡 Learner’s lagoon | All about Token Swaps / Security vs. Utility tokens / Bitcoin’s technical brilliance (for non-programmers)
📈 Word from Wall Street | Goldman exploring crypto derivatives / UBS CEO sees blockchain potential to transform cost base of financial services / Bloomberg Terminal adds Huobi Crypto Market Index
👽 Random | US realtor to auction $44M mansion for BTC
🦄 M&A | The upcoming crypto-acquisition spree / Stellar to acquire Chain for 500M XLM
👓 Technical tally | 21e800 — the tweet with Satoshi mystique / Ethereum Casper + Sharding / Blockchain scaling
🎯 Consensus Algorithms | Understanding the Longest Chain Rule in consensus algos
🎩 Thought Leaders | The ultimatum of public ICOs? / The dark side of blockchain / Cryptoasset valuation models and flaws
🔨 Minding mining | Coinmint to invest $700M in mining center / Mining demand spurs revenue growth for video card makers / Mining farm stats
🌞 Education | Four blockchain entrepreneurs win $100K Thiel Fellowships / Stanford to launch Blockchain research center
🌠 Derivatives | Litecoin Futures around the corner (by same UK exchange that launched ETH futures)
📊 Charts & Data | Average crypto valuations by blockchain category / Crypto data visualizations
💎 Research hub | Quantum computing and Quantum Resistant Networks
✈️ Conferences around the the corner | Upcoming events
☕️ Long Read | Bank of International Settlements (BIS) report — selected chapter “Beyond the Hype”
Quotable Quotes:
“ It’s like if a bank gets broken in and gold gets stolen, does this affect the price of gold? It shouldn’t. Same with Bitcoin. If the exchange doesn’t protect their coin well enough and gets hacked, it doesn’t really change the fundamentals of the coin that they’re protecting. ”
— Charlie Lee, Litecoin founder
“ Let me put $1000 into this Bitcoin machine, and I will send it to my future self 10 years later ”
— Bobby Lee, BTCC co-founder
“ It is ‘too arrogant’ to argue that cryptocurrencies cannot be adopted on a large scale only because they are ‘uncomfortable’ or ‘unfamiliar’ ”
— Lloyd Blankfein, Goldman Sachs CEO
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