CryptoCurrents [VI] | 13.Jul.2018
Weekly pulse of key events in cryptocurrency markets
📰 TLDR | Coinbase explores new altcoin listings… Swiss exchange SIX opens crypto gateway… Binance to tokenize a bank… ICO YTD snapshot
Market Snapshot
📢 Headlines | Google’s Sergey Brin mining Ethereum / Korean commercial banks hold $2B in crypto (vs $6B by exchanges) / Ethereum’s Joe Lubin confirms second layer of Ethereum blockchain in 2018
🚀 Launches | Augur launches (highly anticipated) prediction markets… here’s a sneak peek which includes World cup directionality / Blockstream launches tokenized assets on Liquid sidechain
💼 Regulatory briefing | KPMG calls on global regulators to update standards for AML and cryptocurrency / IRS joins globally coordinated effort to combat financial crypto crimes / Crypto regulation in Eastern Europe / Monthly regulation update — July 2018
🏄 ICOs | Buying ICO ratings / Insta-mining undermines token adoption incentives / Decentralized technology and wealth incentives / Do VCs add value? / Seigniorage — an alternative model to ICO financing / ICOs and securities exemptions explored
👑 Sovereign snapshot | Korea to regulate crypto exchanges as commercial banks / Philippines to license 25 exchanges / China and Blockchain technology / India may categorize crypto as a commodity
👻 Hackers hut | Binance Syscoin hack and API key reset, funds SAFU / Bancor hacked funds frozen
🏋🏾 Really big Raises | Billionaire Steve Cohen backs crypto hedge fund Autonomous Partners / Lightspeed ventures VC fund to invest portion of new $1.8B funds towards crypto projects
🌐 Ecosystem views | Analyzing decentralized exchange data
🌀 Coinbase | New altcoin pairs to list on platform / Institutional Custody offering launched / New office to open in Portland, Oregon / CTO still bullish on crypto
⚡ Binance | Binance to back bank tokenization / CEO CZ responds gracefully to Vitalik’s remarks on centralized exchanges
🔧 Cool tools | meet Bloxy — a neat tool for slicing and dicing transaction data on the ethereum network / Securify — a smart-contract security scanner
⭐️ Market perspective | The long game / Chinese billionaire blasts specific crypto projects / Crypto futures and market impact
🔑 Custody corner | Crypto-pro-tips to keep funds safe / MyCrypto upgrading toolkit to limit hot wallet phishing hacks
♻️ Exchanges | Swiss stock market (SIX) launching regulated crypto exchange / Bittrex and Invest.com to co-launch digital trading platform in EU / Robinhood to ax trading fees / OkCoin to launch fiat-crypto trading pairs in US
💡 Learner’s lagoon | Building on Bitcoin (yep, you read that right) / How to code in Ethereum / What is front-running? / All about Ethereum’s new language Vyper / Zero knowledge identity / The Web3 stack
📈 Word from Wall Street | Crypto-ETFs may be coming (again) — CBOE SolidX Bitcoin ETF open for comments, scheduled for decision mid-August / Former Jefferies Asia CEO to lead $1B EOS VC fund
👽 Random | Steem donations cause whale splooshes (just when you thought you’ve seen it all)
🦄 M&A | Token network acquisition blueprint / R3 (enterprise blockchain) considers IPO / Litecoin Foundation acquires 9.9% stake in German bank / Galaxy Digital partners with Caspian to improve institutional trading platform features
👓 Technical tally | Bitcoin’s Lightning network capacity increases substantially / Ethereum’s plasma scaling close to release
🎯 Consensus algorithms | Understanding Delegated Proof of Stake (DPoS) / Advances in PoW(x) — a new effort to change bitcoin mining / Deconstructing new consensus algos Snowflake and Avalanche
🎩 Thought leaders | Are you a crypto-incrementalist or crypto-anarchist? / Vitalik Buterin on accredited investor rules, sharding, and funding / McKinsey’s viewpoint on blockchain’s strategic business value
🔨 Major miners | Interview with a miner / Bitmain continues investments into cryptocurrency ecosystem / NY state issues new power rate structure for miners
🌞 Adoption | Western Union files cryptocurrency related patent (excludes Ripple) / Brave surpasses 3 million users, makes top 10 list in Google Play store in 21 countries (achievement unlocked!) / Ledger attracts investor interest from Samsung & Google Ventures after selling 1 million hardware wallets / Where are we with crypto adoption?
📊 Charts & Data | Cryptocurrency clustering through affinity propagation / Ethereum transaction fee economics / ICO stats and graveyard projects
🤖 Valuation | Token valuation models and protocol commoditization
💎 Research hub | Data science — clustering / Interoperability and centralizing third-party risk
✈️ Conferences around the the corner | Upcoming events
☕️ Long Read | EU Monetary policy and virtual currencies / Economic view on bitcoin dominance (dense read)
Quotable Quotes:
“ Sticking With The Wrong Choice — People remain committed to a choice, even when a clear alternate choice is better, because of time, effort, or money already invested — a cognitive phenomenon known as the ‘sunk cost fallacy’. ”
— Unknown
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