Thursday, August 30, 2018

Where's petro?

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August 30, 2018

CRUNCH TIME: Ahead of a developer meeting Friday and an October upgrade known as Constantinople, the ethereum community is actively discussing several proposals for code changes to include in the hard fork.

While several proposals are already final, disagreement is continuing to build over certain questions, with opposing parties — such as miners and investors — arguing for different outcomes. Full Story 

KEEPING SECRETS: Enigma, a project incubated at MIT Media Lab, is building a privacy-enhancing protocol to run on top of blockchains and has already signed up a bunch of projects to use its code. 

The aim is to make ethereum smart contracts more private by using secure multiparty computation (SMPC), in which encrypted information is split up into separate pieces for different nodes to work on separately – while still encrypted. Full Story

MINER'S CHOICE: Bitmain-backed mining pool BTC.com, which claims to have mined 21 percent of all bitcoin blocks last year, will now offer an ethereum mining client, block explorer and API.

The new service will allow miners to switch their hashing power from one pool to another, depending on the market. Full Story

Bitcoin Exchange Volume (7 Day Average)


Exchanges are important entities in the crypto-economy, providing the on/off ramp for users that hold other currencies.

Some exchanges, like Coinbase and Bitfinex, have solidified their positions by consistently posting the highest trading volumes.

At the end of June, Simex emerged as a competitor and is now grabbing about 20 percent of the market of top exchanges. They provide RUB and USD fiat pairs to BTC, ETH, and a few other cryptocurrencies.

For more research insights check out the CoinDesk Research section here.
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DOWN DAY: Bitcoin reached a peak of $7,139 Wednesday and as of this writing has fallen below the 100-day moving average of $6,905, potentially weakening the short-term bull case. Full Story
BEST OF THE BEST

REUTERS: After making a profound effort to find any trace of Venezuela's cryptocurrency in the country. Reuters came up empty.

The petro is not trading on exchanges, few holders can be found and there is no evidence of any tangible activity related to the new cryptocurrency at all, the news wire reports. 

THE REST

THE ECONOMIST:
 The magazine takes a skeptical stance toward cryptocurrencies, arguing they are useless.

"With few uses to anchor their value, and little in the way of regulation, cryptocurrencies have instead become a focus for speculation," the article says.    

BLOOMBERG: Nebula Genomics, co-founded by Harvard Medical School professor George Church, is trying to create a secure blockchain-based marketplace for individuals’ genomes.

For providing such data to pharmaceutical companies, individuals will get rewarded with tokens

QUARTZ: Clamping down on crypto trading, Indian authorities found themselves in a situation where the market switched to the shadow mode.

After the regulator directed all lenders wind down business relationships with cryptocurrency exchanges, the latter migrated to peer-to-peer trade.
 


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