CryptoWeekly #59

The best cryptocurrency news, guides and resources.

CRYPTO WEEKLY June 29, 2018 | #59 THE MARKETS BTC: $5,869.00 | -$130.59 (-2.33%) since last week ETH: $410.33 | -$46.64 (-10.16%) since last week LTC: $75.04 | -$9.72 (-11.46%) since last week Have you registered for TokenDemoDay yet? TokenDemoDay is a free one-day online conference where you can learn from teams who are transforming entire industries through blockchain via live fireside chats and live Q&A sessions. Register today! Sponsor GOOD READS LINE is launching its first crypto exchange in Singapore next month After months of speculation, the Japanese chat giant has announced that it will be opening its first crypto exchange in Singapore in July. The exchange will support around 30 coins, but will not allow trading by Japanese or US crypto traders at launch. Facebook has officially reversed its ban on cryptocurrency ads Effective immediately, Facebook is reversing its much-maligned ban on crypto ads. The company is now allowing cryptocurrency-related ads, but it's now instituted a stricter vetting process for ads to filter out unwanted actors. Meet the people leading the blockchain revolution This rundown from the New York Times is an excellent profile of the biggest movers and shakers in the blockchain industry right now. From Binance's Jihan Wu to Clovyr's Amber Baldet, these are the innovators in crypto you need to know. Bitmain's mining pools now control more than half of Bitcoin's hash rate Some analysts are raising concerns around the disproportionate mining power that Bitmain has amassed in recent years. It now controls more than half of Bitcoin's hash rate, leading some to even sound the alarm about a possible 51% attack taking place in the future.  Here are the likely winners of the "World Cup of blockchain" With the World Cup already underway, here's a current look at which cities and regions are leading the way in blockchain innovation. In recent months, New York City has risen to become a key hub for crypto startups, while other stalwarts like Zug and Malta remain key players as well. The crypto industry is getting frustrated by its inconsistent regulation The current state of crypto regulation is that of complete disorganization, and crypto startups are getting stymied by this lack of consistency. That said, efforts are underway to standardize crypto legislation in some countries. The crypto coin graveyard is filling up as more ICOs continue to flame out Recent research from Bloomberg has found that up to 90% of ICOs executed in the past year have turned out to be frauds, or have gone bankrupt. The trend is due to a lack of roadmap execution in conjunction with a global regulatory crackdown on token projects. In a world first, Binance is launching the first major crypto exchange in Africa Binance is about to make history as the first major crypto startup to establish an on-the-ground presence in Africa. Its crypto-fiat exchange is set to launch in Uganda in the coming weeks and will support fiat-crypto trading between the Ugandan shilling and other cryptocurrencies. Find out how crypto can continue to transform the wealth of the commons Like the railroads of the 1800s, crypto seems set to have a similar impact on the "wealth of the commons" by creating a massive amount of abundance for investors - but it can be difficult to scale, and abuse often runs rampant. China is making big plans to launch a federally-regulated "crypto yuan" China has reportedly already filed 40+ crypto-related patents and is pushing forward with plans to create a "crypto yuan" - a move that could have a significant impact on both mining and investing within the country. COMMUNITY NEWS Coinbase has just launched charity fund called GiveCrypto. Link Meet Casa, the startup building the next generation of private key security. Link Coinbase is set to add support for British pounds in the coming weeks. Link Kik has launched its Kin token integration to further build its crypto economy. Link Malta has approved several new key blockchain-related bills in a recent hearing. Link Peter Thiel's fellowship has awarded 4 blockchain startups $100K in funding. Link Blockchain launched Blockchain Institutional Strategies, its first major institutional product. Link Tether has confirmed a new double-spending vulnerability, and many exchanges may be at risk. Link Blockstream is hiring a Marketing and Communications Director in Victoria, Canada. Link Join the Blockchain Visionnaire Summit on July 23 in Berlin. Link Thanks to TokenDemoDay for sponsoring this newsletter edition. Edited by Chris Osborne in Dubai (in town? reach out to get a coffee). Check out CryptoList and TokenDemoDay if you haven't already. More info on sponsoring a future edition of CryptoWeekly can be found here. Reply to this email if you have any feedback and/or suggestions. Thanks for reading. Nothing shared or published by CryptoWeekly constitutes an investment recommendation, nor should any data or content published by CryptoWeekly be relied upon for any investment activities. CryptoWeekly strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions. Copyright © 2018 CryptoWeekly. All rights reserved. No longer want to receive CryptoWeekly? Unsubscribe.