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MORBID MARKETS: People have started betting on the deaths of prominent politicians, business leaders and celebrities on Augur, the decentralized protocol for betting on the outcomes of real-world events that launched on ethereum two weeks ago.
Some of these bets specify assassination, much to the dismay of some in the crypto community who call such behavior "100 percent immoral." Full Story
KEEPING THE DREAM ALIVE: Notwithstanding the nasty business mentioned above, or the emergence of explicit Ponzi "games" on ethereum, community members still have high hopes for decentralized applications (dapps).
According to many like developer Alex Van de Sande, dapps are the key technology not only driving ethereum but the dream of a new Internet, web 3.0, where centralized power structures no longer exist and control over user data is turned back to the hands of the people. Full Story
TRAPPED FUNDS: The Russian cryptocurrency exchange WEX continues to feature alarmingly anomalous prices, setting the value of bitcoin over $9,700 (versus the low $8K range nearly everywhere else) and the value of tether (which usually trades 1-to-1 with the dollar) above $2.
Meanwhile, WEX customers say they remain unable to withdraw funds from the exchange — unless they buy tether or zcash at above-market prices, in which case they can withdraw and then sell at a steep loss. Full Story |
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Crypto-economics are vital for understanding the fundamentals of different blockchains. As such, CoinDesk has compiled five different market interest composite scores measuring the activity of certain major cryptocurrencies.
Notably, cardano has periodically seen on-chain transaction volumes (measured in dollars) that dwarf those of bitcoin. This is likely due to holders of the cryptocurrency moving large amounts of value on the chain.
On the other hand, ethereum held steady behind bitcoin in developer interest measured at the protocol level only. Github contributors were up 20% for the ethereum protocol.
Even EOS saw increased exchange interest, likely due to investors and speculators becoming more active during the launch of its blockchain in June.
Check out these insights and more in CoinDesk's newly released Q2 State of Blockchain report. More research |
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| | ANOTHER CHANCE: The price of bitcoin has seen a drop of $350 this morning, which may be luring in investors and bargain hunters who missed out on lower prices prior to the two-month highs. Full Story |
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BEST OF THE BEST
FORTUNE: No-fee crypto trading will be offered by one more startup company, the newly debuted Voyager.
The company is backed by Uber co-founder Oscar Salazar and led by CEO Stephen Ehrlich, who used to run the professional trading arm of online stock brokerage E*trade.
THE REST
CNBC: The Taiwanese computer electronics company known as HTC is working on a new phone to be released this year that will come with a digital wallet for cryptocurrencies.
Phil Chen, HTC's chief crypto officer (yes, that's his title) told CNBC the phone is set to host "the most secure cold storage wallet on the market." But there's some skepticism about whether this product can improve the struggling company's fortunes.
FINANCIAL TIMES: According to the FT's finance blog, Alphaville, the cryptocurrency industry is seeing a change of tune with more people rallying for government partnership than a government takeover.
However, the path to befriending government officials may be riddled with contradiction given that cryptocurrencies in the eyes of some are “anarchic by design.”
THE VERGE: In a rare occurrence for Chinese internet users, an investigative news story on faulty vaccines is making the rounds online, effectively dodging normal censorship parameters.
The full text of the story has been attached to the metadata of an ethereum transaction by which the immutability of the blockchain network prevents Beijing's monitors from tampering with the post. |
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