Ether economics

Developers push ahead with ethereum upgrades and Apple takes aim at a crypto game

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Sponsored by   August 31, 2018 ETH ECONOMICS: A group of 14 developers agreed to support code that would reduce the amount of new cryptocurrency introduced on ethereum to 2 ETH per block, down from 3 ETH today, by implementing an updated version of an ethereum improvement proposal or EIP. The move consistutes a major decision ahead of the network's October upgrade, Constantinople. Full story BLOCKED: War Riders, a game that features non-fungible tokens and had been featured on the Coinbase Wallet, has been withdrawn from the iOS app at the request of Apple. No official comments have come from either Apple or Coinbase, but the story is a sign that mainstream tech companies may still be wary of blockchain tokens. Full Story  LINING UP: Messaging giant LINE has become one of the first publicly traded companies to launch a proprietary blockchain with its own cryptocurrency. LINE plans to issue 1 billion LINK tokens, which will serve as an incentive for users who participate in the company's planned decentralized applications (dapps). Full Story Dogecoins are gonna doge…by that, we mean that prices may randomly jump 23 percent in 24 hours. After a week where the price floated around $.0024, Dogecoin’s price soared to $.0032 today. Perhaps more startling was that its 24-hour volume increased by a whopping 729 percent. The cryptocurrency usually sees an average of $4 million in daily trade volume -- a sharp contrast with today's $41 million figure. There could be any number of reasons for the jump, but one theory suggests that the recent dogecoin and ethereum integration coming on September 5 induced some bullish investor activity. For more research insights check out the CoinDesk Research section here. SPONSOR SECTION   Join us in Singapore on September 19-20 for two days of content focused on blockchain development in the APAC region. Beyond just Consensus, there are five other technology events that you can attend with your TechXLR8 ticket. Save 40% by using the code CONSENSUS40. ​Register Here   RED MONTH: NEO performed the worst among the top 25 cryptocurrencies this month, falling 39.6 percent month-over-month in August. Throughout the month, the world's 14th largest cryptocurrency has moved in tandem with the broader market. BEST OF THE BEST THE ECONOMIST: The magazine has published a series of explanatory pieces about blockchain and cryptocurrencies, including one on the most sensible use cases The Economist has identified. The releases are a contrast to another recent piece that blasted cryptocurrencies.  THE REST CNBC: Blockchain jobs are booming in Asia, according to CNBC, even though recent market turbulence has cooled down the hype a bit. As Cumberland's Justin Chow puts it: "In the last three to six months, an increasing number of traditional finance professionals have been more interested in looking to make a move into crypto." FORBES: Pawel Kuskowski, CEO of Coinfirm, shares his take on why banks and crypto-related businesses should be better friends. Such steps are key to blockchain going mainstream, Kukowski argues, adding that "it may not be sexy, but the way to bridge these two groups lies in compliance."   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