Friday, August 17, 2018

Crypto's favorite countries

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August 17, 2018
DOWN THE RABBIT HOLE: If you thought those ethereum games resembling Ponzi schemes  were bizarre, here's an even stranger twist: another distributed app (dapp) is being accused of impersonating one of those games in order to scam users.

The developers behind FOMO 3D claim a clone of their dapp called LastWinner has been displaying fake, bot-engineered transaction volume to trick people into thinking it's a popular game, so they'll hand over their ether. Full Story

JD ON CHAIN: JD.com, the Chinese e-commerce giant, has launched a blockchain-as-a-service platform along with its first app.

According to the company, the app moves invoice data for Pacific Insurance, a publicly traded insurer in China, onto a distributed network at each step of the issuance cycle. In this way, the process becomes visible to all participants. Full Story

EVERY TRY ASKING NICELY? A cryptocurrency mining company in Norway received a bomb threat from someone who complained the noise generated by its operations has been "sabotaging the peace."

Kryptovault reported the threat to the authorities, and the company has been consulting with neighbors about the noise and reassessing its physical security. Perhaps the complainer might want to suggest some soundproofing methods next time. Full story 
In the CoinDesk Research Q2 Sentiment Survey, we asked our community which countries are getting crypto regulation right and wrong. Here are the results:
 
•    Malta is the country most cited as getting crypto regulation right, followed by Japan and Switzerland.
•    The U.S. is most often cited as getting crypto regulation wrong, followed by China and India
•    Perhaps most telling, "none" was in the top five most selected answers to "who is getting it right?"
 
Find out more crypto research insights here.
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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.
 
UNCANNY: The markets team at CoinDesk has discovered that since 2014, the technical price charts between the share price of Overstock.com (OSTK) and the BTC/USD exchange rate have developed "a striking similarity." Full Story
BEST OF THE BEST

BLOOMBERG: While the prices of cryptocurrencies have suffered dramatically in the past couple of months, this hasn’t stopped the bitcoin hash rate, the measurement for computing power expended to secure the network, from growing — underscoring how complicated the economics of crypto mining are.

“There are still major expansions happening, especially from more efficient miners,” Marco Streng, the CEO of Genesis Mining, told Bloomberg.

THE REST

FORBES: The magazine profiles Jamie Burke of Outlier Ventures, who exemplifies a new generation of venture capitalists that invest in crypto tokens rather than stock of private companies.

NBC NEWS: The TV network reports on how the current bear market hasn't dissuaded crypto's true believers.
 


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. 

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