Chain lightning

Lightning devs sought and a trader on trial

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Sponsored by   August 20, 2018 SPARKS FLY: Bitcoin developers are launching a Lightning Network bootcamp in New York to spur work on the "layer two" network project. The one-week residency, organized by Chaincode Labs, is aimed at getting more developers to work on Lightning — and produce a few consumer-friendly apps in the process.  Full Story CRYPTO ARREST: A 21-year old American crypto trader has been indicted for alleged money laundering and unlawful exchanging. Jacob Burrell Campos, who has been arrested and denied bail, is being prosecuted for multiple instances of selling and buying bitcoin, as well as smuggling cash from Mexico to the U.S. Full Story WOMEN IN CRYPTO: The blockchain industry is dominated by men, including in Asia, writes Sa Wang, a co-founder of IOST. Despite China's ban on crypto trading, the hunger for the quick wealth in the country is huge — and so is the number of scams. This presents even more challenges for female entrepreneurs who are often not taken seriously by their male counterparts, according to Wang. Full story  There’s a difference between crypto transactions and payments: a transaction is a container for inputs from your wallet and outputs to your recipient, so it can have multiple outputs. Each individual output represents a payment. This is important because simple transaction counts might obscure higher payment counts. For example, EOS transactions have averaged 3,000 percent to that of BTC’s over the month of August. However, EOS payments only averaged 12 percent to that of BTC’s. This is a substantial difference that could lead one astray when not taking both into consideration. For more research insights check out the CoinDesk Research section here. SPONSOR SECTION   The Oxford Blockchain Strategy programme is developed for business leaders, innovators, and future thinkers with an interest in blockchain. This programme gives you a fundamental understanding of blockchain, and its implications and effects on your business strategy. Visit the programme page to learn more.   SQUEEZED: Bitcoin failed to reach $7,000 over the weekend and now is changing hands above $6,400 in a tight, $300 trading range. Full Story BEST OF THE BEST THE NEW YORK TIMES: Some young investors have been left in rags by the crypto market frenzy. The paper interviewed Pete Roberts from the U.K., who saw the value of his investments plunge from $23,000 to $4,000 over the course of eight months. THE REST BLOOMBERG: The news service gives a breakdown of the petro, Venezuela's controversial cryptocurrency, and Nicolas Maduro's public comments on it. And while the value of the petro is still not publicly reported, the government values it at 3,600 sovereign bolivars — $60 under the new exchange rate. The developments come amid continued economic turmoil in the country.  FINANCIAL TIMES: The newspaper analyzes the cryptocurrency market dynamics during the first half of 2018. Trading interest has now waned and bitcoin investors have retreated to holding, experts contend.  VICE: R&B singer Akon and his business partners offer more clues about their plans for AKoin and a real-life crypto-based city in Senegal. AKoin is being pitched as a future "app store for African entrepreneurship" and a source of passive income for Africans.    We've launched our new podcast, Late Confirmation, which are the top stories in the blockchain world, delivered daily from the team at CoinDesk, sponsored by the Oxford Blockchain Programme.  Listen to Latest Episode and Subscribe   WHO WON #CRYPTOTWITTER   ConsenSys Jobs Blockchain Jobs Circle Jobs BitGo Jobs Copyright © 2018 CoinDesk. All rights reserved. Our mailing address is: 636 Avenue of the Americas New York, NY, 10011, US Want to change how you receive these emails? You can update your preferences or unsubscribe from this list