CryptoCurrents [V] | 2.Jul.2018
Weekly pulse of key events in cryptocurrency markets
📰 TLDR | Andreessen Horowitz’s $300M Fund… Facebook reverses crypto ad bans… Binance pilots fiat pairs
Market Snapshot
📢 Headlines | Tether stablecoin prints $250M USDT … double-spending vulnerability linked to exchange risk / Facebook reverses crypto ad ban
🚀 Launches | Tezos launches betanet after one year and $232M raised / VeChain business blockchain successfully launches mainnet
💼 Regulatory briefing | SEC proposes simpler rules for ETF launches / The state of US crypto regulation
🏄 ICOs | Deconstructing business expenses from an ICO raise / ICOs generated $13.7B in 2018 thus far, nearly doubling 2017 / The ICO graveyard / Could security tokens provide a path to cashflows?
👑 Sovereign snapshot | Following Japan’s lead, Korea financial watchdog issues AML guidelines for virtual currencies / PBOC has filed more than 40 patents for digital currency in China / Fed Reserve site (FRED), which is cited as reference for economic data, starts tracking top crypto prices
👻 Hacks | 2018’s largest security breaches / Bithumb recovers almost half of hacked funds / Typeform (which houses fair amount of ICO customer data) was recently hacked
🏋🏾 Notable Raises | a16z hires first female Partner, launches $300M long-only crypto fund… USV announces crypto investments… (which we all know they were doing already) / HK VC fund invests $160M in Overstock-backed tZero / Polychain becomes first $1B crypto fund / VCs and crypto funds
🌐 Ecosystem views | The state of DEXs
🌀 Coinbase | CB to add British Pound fiat currency support
🔧 Cool tools | Live feed of large BTC orders / CoinGecko issues ICO rating aggregator
⭐️ Market perspective | CEO of BitMex on the impact of a positive regulatory ETF / Technical trader perspective on the bear market / Bitcoin and bubbles / Hyperbitcoinization (and big numbers)
🔑 Custody corner | A snapshot of crypto-custody solutions
♻️ Exchanges | Messaging app Line to open crypto exchange in Singapore / Blockchain.com launches institutional investment platform
💡 Learner’s lagoon | All about Masternodes / MIT’s open course on entrepreneurial sales / TLDR on crypto taxes
📈 Word from Wall Street | Goldman Sachs optimistic about future of crypto trading / Bank of America acknowledges crypto as a theat to their banking business / Allianz Chief Economist El-Erian believes Bitcoin is a buy at $5K
👽 Random | Lightning network’s online graffiti board
👓 Technical tally | Vitalik on mechanism design challenges in blockchain and crypto / BLS signatures > Schnorr / Why private blockchains don’t make sense
🎯 Consensus Algorithms | Exploring Byzantine Fault Tolerance (BFT) through an interoperability chain comparison
🎩 Thought Leaders | Excerpts from the supposed Nakamoto’s Bitcoin Beginnings / ZCash CEO’s $4M salary and the founder incentive trilemma
🔨 Minding mining | Floods in Sichuan province damage thousands of mining rigs / Flood damage did not impact broader network hash rate significantly / Another big Chinese bitcoin miner files for IPO in Hong Kong
🌠 probably Fake News | Facebook may acquire Coinbase / Tether double-spend attack
📊 Charts & Data | Huobi Research issues blockchain research as part of big data analytics / Correlation between bitcoin price and advances in hash power / Treasury balances of various dApp projects
🤖 Valuation | Bottoms-up approach to valuing tokens / a real valuation of an interesting crypto project (real #s!) — Blocktown Capital’s take on Republic Protocol
💎 Research hub | Turing completeness is apparently not that hard to achieve / PWC’s 1H 2018 ICO report
✈️ Conferences around the the corner | Upcoming events
☕️ Long Read | The supposed Satoshi Nakamoto’s Duality excerpt from “Bitcoin Beginnings”
Quotable Quotes:
“ (On the state of crypto regulation) It’s unorganized and incredibly complicated, and it’s really putting the U.S. at risk of falling behind from an innovation and technology perspective. ”
— Perianne Boring, Chamber of Digital Commerce President
“ There’s no reason to believe that bureaucrats and politicians, no matter how well meaning, are better at solving problems than the people on the spot, who have the strongest incentive to get the solution right. ”
— Elinor Ostrom, 2009 Nobel Prize Winner in Economics
“ Pre bitcoin, it was referred to as, the timechain. That is because it wasn’t about the blocks in the beginning, but rather about time, specifically the precise intervals of time upon which the blocks were released. “
— Satoshi Nakamoto (?), The OG Architect
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