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A DOSE OF DOUBT: CoinDesk tells the rich backstory of one of the oddest acquisitions in the crypto space, in which the Litecoin Foundation ended up owning nearly 10 percent of a tiny German bank through a strategic partnership with TokenPay.
While the partners have ambitious plans to usher in a new wave of crypto banking services, they might encounter new challenges operating in a heavily regulated industry. Full Story
THE NEW NORMAL? As a new entrant into the cryptocurrency exchange world, Robinhood Crypto distinguishes itself with zero-fee transactions. But Vlad Tenev, co-CEO of Robinhood, predicts that it's just a matter of time before zero-cost trades becomes commonplace. Full Story
EXPANSION: OKCoin, a China-based cryptocurrency exchange, just opened a branch in the U.S. market offering fiat-to-crypto trading services, though for now it's limited to investors in California. Full Story
RESEARCH BLAST
Q2 saw some of the top cryptocurrencies rise and fall in price.
EOS gained (+44%) with a lackluster launch of its blockchain, signaling market support for the future developments; ETC gained (+19%) likely on Coinbase's recent announcement to add it to its trading platform; LTC dropped (-32%) perhaps due to lack of Github developer activity and social media engagement.
Learn more next week with Coindesk's Q2 State of Blockchain report. More research |
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SPONSOR SECTION
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RELIEF: Bitcoin briefly soared above $6280 today from two-week lows hit yesterday; technical charts indicate the sharp recovery has raised the odds of a stronger rally toward $6,400. Full Story
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BEST OF THE BEST
THE WALL STREET JOURNAL: This isn't a blockchain or crypto story, but it may be of interest to readers who care about the development of digital money, the unintended consequences of anti-money-laundering regulation and the expansion of financial services to the global poor.
Somaliland, a self-declared republic that broke away from Somalia, is forging a path to cashless economy in the wake of hyperinflation and economic isolation. Mobile money platform Zaad, a service provided by the local telecom company, Telesom, has boomed in the country.
Launched in 2009, Zaad has accumulated 850,000 users, which account for about one-quarter of the nation's population.
THE REST
BLOOMBERG: Blockchain startup R3 is considering going public, the wire service reports, citing anonymous sources. The company is reportedly talking to advisers about a possible initial public offering, although no final decision has been made.
But a statement provided by R3 suggests the company hasn't settled upon a plan. “We’re not surprised about the speculation given the success of Corda, but an IPO is not a path we’re pursuing at this time,” it stated.
BITCOIN MAGAZINE: Nick Szabo, the pioneering cryptographer widely credited with inventing the smart contract concept, was inches away from creating bitcoin when he came up with Bit Gold, a decentralized digital currency he proposed in 1998 but never implemented.
FINANCIAL TIMES: Cyber criminals' targets are shifting from crypto exchanges to the users, attempting to steal digital tokens directly from their wallets.
Since the start of the year, Elliptic, a London-based company dedicated to detecting and preventing criminal activity in cryptocurrencies, has seen a fivefold increase in phishing attacks in which cyber criminals attempt to trick users into revealing personal information and their private keys.
Several hundred million dollars worth of cryptocurrencies have been stolen through this sort of attack in the past year, Jeremiah O’Connor, a senior engineer at Cisco, tells the FT. |
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WHO WON #CRYPTOTWITTER  |
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