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WIN SOME, LOSE SOME: The decentralized exchange (DEX) brought out of beta this week by the blockchain project Waves is handling $6 million of trades daily, far surpassing other DEX's.
However, in an hapless turn of events, the company's website was hijacked in a phishing attack. Full Story
MAKE ROOM: Ever since bitcoin transaction fees spiked over $20 back in December, the community has been looking for a scaling technology that would better utilize limited transaction space.
With BitGo's "predictive UTXO management," transaction sizes will dynamically react to fee levels so that when fees are high, transaction inputs remain low. Full Story
SWATTING BACK: In an op-ed, Jameson Lopp, a well-known bitcoin engineer, reflects on last year's infamous incident when someone falsely reported a hostage situation to local law enforcement, resulting in armed SWAT teams showing up at his door.
Lopp's takeaway from the ordeal will resonate with those familiar with the concept of skin in the game. "When you think about it, the asymmetry is disturbing – a single anonymous phone call can result in lethal force being deployed in a matter of minutes against an arbitrary target," he writes.
"While I'm a huge privacy advocate, I don't think it should be possible for someone to deploy lethal force with no risk to themselves. At the very least, you should have to put your reputation on the line." Full Story |
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With the launch of bitcoin futures in 2017 by Cboe and CME, two of the largest futures exchanges in the world, a federally regulated means of betting on the price of bitcoin was created.
Data from the CFTC shows that large institutions, specifically those with open positions in excess of the CFTC's large trader reporting levels, continue to bet on the price of bitcoin falling. Conversely, small traders remain bullish by a large margin.
Overall volumes soared as bitcoin futures gained traction since the launch, but even the combined volumes of Cboe and CME futures lagged far behind those of offshore derivative markets such as Bitmex, which recently processed over $8 billion of trades within a 24 hour period.
Find out more in CoinDesk's Q2 State of Blockchain report. More research |
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| | REVERSAL OF FORTUNE: After two long months of bearish chart patterns for bitcoin, it seems the leading cryptocurrency is set for a long-term reversal after breaking above $8,000, setting the stage for a major bull run, technical analysis indicates. Full Story |
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BEST OF THE BEST
FORBES: Here's a staggering statistic: The amount of money raised globally through ICOs in the second quarter was 45% of the volume for traditional IPOs in the U.S. alone.
In the first of a three-part series, Wall Street veteran and Forbes contributor Caitlin Long takes a stab at the changing landscape of capital formation, citing the above figure.
In her view, cryptocurrency is set to either make the traditional financial system "fairer and more stable" or overtake it entirely.
THE REST
CNBC: A blockchain startup company known as Civil Media has an ambitious plan to fix the field of journalism and place the pursuit of truth as top priority again.
Launching next month on the ethereum blockchain, the company will issue $34 million in CVL tokens, which will act as the primary medium by which users will reward or boot out different news organizations from a registry of trusted publishers.
FORBES: Twelve class action lawsuits related to initial coin offerings (ICOs) have been filed in the U.S. in the past two years, seven of which were filed in the first six months of 2018 alone.
According to Forbes, the total number of ICO-related cases is on pace to more than double this year, though they will represent “just a tiny fraction of the total class action lawsuits being filed.”
VENTURE BEAT: Like Sotheby's, but on a distributed ledger? A global blockchain-based auction house has launched with $5.5 million in funding from institutional investors.
Focused on "the higher end" of the art and collectibles market, the company behind the venture known as Portion aims use blockchain technology to combat online auction fraud.
THE VERGE: Twitter is reportedly implementing a new strategy to fight cryptocurrency scammers on its platform by automatically locking certain unverified accounts.
According to The Verge, users that change their display name to Elon Musk will need to pass a CAPTCHA test and provide a valid phone number in order to keep using their accounts as a measure to combat impostor bots designed to “fool the unwary.” |
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