Friday, June 1, 2018

Tron / Vermont / Brunei / Venezuela

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Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. Tron, the tenth largest cryptocurrency by market capitalization, has left the ethereum blockchain to start its own. Tron has launched a beta version of its own independent public blockchain, dubbed Odyssey 2.0. The beta period will span most of June with the Genesis block set to take place June 25. Token migration will take place between June 21 and 24, during which investors investors will be able to exchange their ERC-20 standard tokens on crypto exchanges for an equivalent number of TRX on the new blockchain. –COIN TELEGRAPH

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2. Vermont Gov. Phil Scott has signed a bill into law allowing for the creation of blockchain-based limited liability companies. The law aims to make it easier for blockchain-based businesses to operate within the state in an effort to bring more companies to the state. The law also calls for a study into blockchain’s use in insurance and banking to see how such applications could help the state’s economy. -COINDESK

Vermont signs bill to help blockchain companies
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3. Brunei’s B$10,000 note, currently valued at about $7,482 and the most valuable single bill in the world, is worth about as much as one bitcoin. The Brunei note was issued in 2006 and features a portrait of Brunei Sultan Hassanal Bolkiah. Large notes like this are typically not in circulation because they are not convenient for a typical wallet. They do have use though during emergencies or wartime, along with for illicit purposes. -QUARTZ

Brunei bill close in value to bitcoin
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4. Japanese internet services giant GMO has created a bitcoin-based application for video game rewards. The application, called CryptoChips, acts as a method of rewarding gamers for achieving certain goals. It will launch in August in GMO’s real-time battle game Whimsical War. The move is the latest venture into cryptocurrency for GMO, which already runs its own exchange, mining operation and even pays a portion of staff salaries in bitcoin. –COIN TELEGRAPH

Japanese gaming company to offer bitcoin rewards
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5. The Venezuelan government has begun confiscating any incoming shipments related to cryptocurrency mining. These shipments typically include hardware imported from other parts of the world. This comes as Venezuela tries to push citizens toward the Petro, a government-created coin backed by the country’s oil reserves. –NEWS BTC

6. An estimated 99 percent of cryptocurrency trading happens in centralized exchanges. That number could soon shift argues Tom Goldberg, a senior engineer at BCG Platinion. He believes decentralization will come to exchanges sooner rather than later. -COINDESK

7. Dan Morehead, founder of Pantera Capital Management, said buy cryptocurrencies now while they are relatively cheap. Morehead argues the unregulated nature of the cryptocurrency market presents opportunity for investors, especially now that he believes prices are deflated among rumors of regulatory efforts in the United States. -CNBC

8. Storiqa saw the largest growth among altcoins in May. The coin saw 756 percent growth, more than four times that of Theta Token, which saw the second largest growth last month. -HACKED

9. imToken, which claims to be the world’s largest ethereum wallet, has raised $10 million in funding. The capital will be used to add new features, including support for bitcoin, EOS and other blockchains, along with helping the company expand in Asia and the United States. –TECH CRUNCH

10. President Trump’s new tariffs on steel and aluminum could present a hedge opportunity for cryptocurrency investors. As businesses, and governments, look to skirt financial penalties they could further loosen controls on bitcoin and other popular cryptos. -FORBES

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From the Forums

A Reddit user shares his alternative to Airbnb for the crypto community.

The crypto community mourns Matthew Mellon, a notable crypto millionaire. Mellon reportedly had more than $500 million in cryptocurrency to his name.

An adult site plans to start accepting litecoin. People are happy.

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