Thursday, September 13, 2018

September to remember

10 Years After Lehman: Bitcoin and Wall Street Are Closer Than Ever
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September 13, 2018

WHAT A LONG, STRANGE TRIP: With the 10-year anniversaries of the global financial crisis and the bitcoin white paper approaching, CoinDesk's David Floyd takes stock of how the cryptocurrency's relationship with the establishment it sought to subvert has evolved.

As Wall Streeters jump to crypto startups and financial institutions experiment not only with blockchain technology but crypto investment products, the narrative is a lot more complicated than "us versus them." Full Story

PARK IT HERE: Speaking of Wall Street-crypto convergence, the South Dakota Division of Banking approved BitGo to be a qualified custodian, meaning it can now store digital assets on behalf of regulated financial institutions. 

Unlike BitGo's other custodial solutions, the one to be offered through BitGo Trust meets regulatory know-your-customer and anti-money-laundering requirements.

The general public has 30 days to appeal the state's decision, but BitGo said it's ready to go live with the new service if and when the period ends without objections. Full Story

CHEAT SHEET: Constantinople is a fitting name for the coming upgrade to ethereum. Incorporating five different ethereum improvement proposals (EIPs), it could fairly be described as byzantine.

To help readers get their arms around this complex but hugely important code change to the second-largest blockchain, CoinDesk's Christine Kim offers a handy explainer.

From improving the network's efficiency to delaying the so-called "difficulty bomb," we break down the key features of the approaching hard fork. Full Story


Bitcoin has many qualities that are attractive. Tell us what you think is best in our poll

Store of Value: This protects holdings stored over long periods of time from eroding due to inflation or faulty monetary policy. This is due to the fixed 21 million supply of bitcoins and the lack of centralized manipulation.

Medium of Exchange: This allows users to easily transact to purchase goods and services. Thus bitcoin must be convenient, easy to use, and cheap no matter the amount or size of transactions.

Censorship Resistance: This protects users from getting locked out of the financial network. Many people around the world may find themselves banned from mainstream financial services and turn to bitcoin for its emphasis on freedom of transaction through its decentralized structure. 

For more research insights check out the CoinDesk Research section here.
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BULLISH SIGN: Bitcoin broke through the $6,400 resistance level, auguring well for a corrective rally — with some caveats. Full Story
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BLOOMBERG: Wall Street bank Morgan Stanley is planning to offer trading in complex derivatives tied to bitcoin, the newswire reports, citing an anonymous source. 

The investors will not be trading in bitcoin, rather they will be dealing in bitcoin futures contracts. 

THE REST

CNBC: As the crypto industry grows, educational institutions are adapting. Top universities like University of California Berkeley and University of Pennsylvania now offer courses such as “Blockchain and CryptoEconomics."

The professors attribute the high volume of blockchain/crypto-related jobs to the rise in interest in these courses. However, Cornell Associate Professor of Computer Science Emin Gün Sirer cautions that that over-specializing early on in one’s career path would be a mistake.

TECHCRUNCH: Hacera aims to do for blockchain what Google and Yahoo did for the web. It announced the release of Hacera Network Registry, a searchable database of all blockchain projects.

The startup aims to verify every project before addition to the registry, which is built on the Hyperledger Fabric blockchain platform.
 
 


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
 

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