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Sponsored by   September 6, 2018 BACK ON THE CHAIN GANG: Chinese officials are looking at blockchain as a surveillance tool, a move that comes after the announcement of a "points system" for social behavior. Specifically, the city of Zhongshan is deploying a system that tracks the movements of convicts released on parole. Corrections staff can know the exact location of a convict at any given point in time. Full Story TWITTER DIGS BLOCKCHAIN: During a Congressional hearing on Wednesday, Twitter CEO Jack Dorsey stated that the social media giant is looking into applying blockchain. "Blockchain is one that I think has a lot of untapped potential, specifically around distributed trust and distributed enforcement potentially," said Dorsey, who is also known to be a bitcoin fan from his work at Square and personal investment in Lightning Labs. Full Story DATA RIGHTS: Hu-manity.co is working with IBM in a bid to give users complete control over their personal data. They have backed their efforts by launching an app which is campaigning for the 31st human right – the right to legal ownership of their inherent human data as property. Marie Wieck, general manager of IBM Blockchain, said that "we tend to agree that data is the next natural resource and like a natural resource has to be mined responsibly in the same way.” Full Story What’s going on with the crypto market? Huge drops in price transpired over a 24-hour period. To name just a few: bitcoin lost 13 percent, ether lost 20 percent, and litecoin lost 19 percent. Let’s shine a light on some theories as to why: •    Tepid Goldman Sachs backs off crypto trading desk •    A mysterious Silk Road wallet, worth $802 million, moved 14% of its holdings to exchanges •    Almost 300,000 ETH was sold on exchanges by a few players 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   HANGING IN THERE: Bitcoin erased all the gains made over the last two weeks in a single day. But it's premature to call a long-term bullish-to-bearish trend change, as the prices are holding well above the crucial support of $6,000. Full Story BEST OF THE BEST FORBES: The magazine profiles Ripple's chief technology officer, David Schwartz. Among other details, we learn that Schwartz programmed his father’s Texas Instruments and Hewlett-Packard calculators as a preschooler. More relevant to today, the article reveals that for his compensation,"Schwartz, Ripple’s most zealous ambassador, opted for a salary and a 2% stake in Ripple, instead of the XRP cryptocurrency he helped create." THE REST BUSINESS INSIDER: Coinbase is thinking about jumping on the crypto ETF train, and has sought help from Wall Street giant BlackRock in launching such a product, the news site reports. CNN: The news network writes about IBM's endeavors in blockchain with the company's 1,500 employees working on more than 500 projects in shipping, banking, healthcare and food safety.   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