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REAL TALK: Ethereum developers, miners and investors will convene Friday for a call to discuss the future of development for the second-biggest cryptocurrency by market capitalization. Three major subjects are on the docket: the difficulty bomb, the issuance of ether tokens and the network's resistance against application-specific integrated circuits (ASICs) -- all contentious topics ripe for rigorous debate. Full Story
THE FIGHT: The cryptocurrency that grew out of disagreement is having some internal disagreements of its own. The squabbles center around the direction of the bitcoin cash software, as different stakeholders seek to chart a course for the network's future, including changes that would add atomic swaps -- a way of exchanging coins without traditional marketplaces -- to the bitcoin cash code. Full Story
MOVE IT: The rehabilitation process for the defunct Japanese bitcoin exchange Mt Gox has begun. Now, creditors can start submitting proof of their claims, according to the Gox trustee, and an online claim system is up and running. As CoinDesk reported in June, a Tokyo district court moved the exchange from bankruptcy to a civil rehabilitation process, allowing creditors to claim their lost funds in back in the form of cryptocurrency. Full Story |
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 How do you judge the underlying technology of cryptocurrencies? There are many answers to this question, but a good way to start is to measure the metrics on GitHub. GitHub is the platform where developers code cryptocurrencies and a major metric to watch is commit activity. A commit, or "revision," is an individual change to a file (or set of files) within each project. We can gauge developer interest by observing the status of commits over time. Bitcoin and ethereum have relatively consistent progress. Litecoin had a significant drop-off starting in the spring and hasn’t recovered. EOS saw a huge ramp-up of commits as it was getting ready to launch its blockchain in June. Since then, it has seen less activity. For more research insights check out the CoinDesk Research section here. |
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| | RISING TREND: Bitcoin is staying well above the key support level of $6,230, and is trading above $6,500 as of time of writing on Friday. Technical charts show the possibility for a bullish move. Full story |
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BEST OF THE BEST
BLOOMBERG: Has Tether lost its impact? Bloomberg writes about the capacity of the USDT token to move cryptocurrency markets, and according to new research from blockchain startup Chainalysis, the price of USDT now correlates not only with that of bitcoin but also EOS and NEO, among others.
THE REST
MOTHERBOARD: A single player of an ethereum-based "game" called Fomo3D has scored a jackpot worth over 10,000 ETH, or just under $3 million. Developers say the winner jammed up the ethereum blockchain long enough to block out other players and guarantee that he wins, which is, in Fomo3D terms, that he buys the last key. Motherboard analyzes if this was actually the case.
WALL STREET JOURNAL: Even with the recent major crackdown on crypto in China, some Chinese entrepreneurs believe the future is bright: "I've always held strong to the idea that China, in the long term, is not trying to ban crypto. Instead, they're trying to reform it and clean it up so that they can roll it out in China the way they rolled out the internet, their own way with their own rules," one source told the paper.
MIT TECHNOLOGY REVIEW: A crypto sturtup Soluna is aiming to make mining more sustainable. To achieve that goal, the company has acquired a 37,000-acre wind-farm site in Morocco in order to build 900 megawatts of power-generating capacity over the coming five years. That capcacity, according to Soluna, will be used to power a cryptocurrency mine.
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