$8,000 / Libertarian Party / Bitcoin Stocks / Honeyminer

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (1:30 p.m. EST): $8,214.46 (6.30%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More… $BCH (1:30 p.m. EST): $855.98 (7.56%) // 90-day high: $1,786.80// 90-day low: $608.37 // More… $ETH (1:31 p.m. EST): $474.05 (3.48%) // 90-day high: $831.65 // 90-day low: $365.43 // More… $LTC (1:31 p.m. EST): $87.80 (4.48%) // 90-day high: $251.03 // 90-day low: $73.12 // More… $XRP (1:31 p.m. EST): $0.45 (1.90%) // 90-day high: $1.20 // 90-day low: $0.43 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Bitcoin surpassed $8,000 per coin. The cryptocurrency has gained 20 percent in just under a week, hitting a price it has not seen since mid-May. At the same time, bitcoin's market dominance has risen to over 47 percent, its highest percentage since December. There is no single reason for bitcoin's surge, although experts contribute the rise to a series of positive stories surrounding the cryptocurrency in recent weeks. -BITCOINIST       Free White Paper: The Innovator's Guide to Picking the Right Blockchain The first step in any blockchain project is to figure out which blockchain technology you should use. Get this free 20-page white paper to learn which type of blockchain is right for your project and get an unbiased analysis of the pros and cons of top blockchain platforms and frameworks. ​​​​​​​ For an ad-free experience, upgrade to Inside Premium       2. Wisconsin's Libertarian Party will accept bitcoin donations to fund political campaigns. The decision comes after the state's Ethics Commission said "allowing cryptocurrency donations presents a serious challenge to the commission's ability to ensure compliance with state law." Phil Anderson, the head of the state's Libertarian Party and the party's candidate for governor, said the party will push back if the Ethics Commission files a complaint of any kind. –COIN TELEGRAPH       3. The stocks of bitcoin-related companies have seen a boost in recent weeks. As the price of bitcoin has surged above $8,000 per coin, so have the stock prices of cryptocurrency-related firms. For example, Marathon Patent Group, which operates a mining facility in Quebec, has seen a nearly 30 percent stock increase. The same can be said for Riot Blockchain, which saw its stock surge more than 40 percent. -BLOOMBERG       4. Honeyminer, a New Jersey-based startup, has launched a free cryptocurrency mining software for Windows users. The service launched in beta last month. It allows users to take part in a dynamic mining pool by running the app when the computer's graphics processing unit is not being used. The pool focuses on mining cryptos like ethereum, ethereum cash, and zcash. -COINDESK       5. There is growing concern that HTC's blockchain-enabled phone, the Exodus, will not be enough to revive the company's struggling mobile business. Once a major mobile provider, HTC now has only 0.2 percent market share. The Exodus, which will be released later this year, will use blockchain, have a universal wallet to store digital coins, and support major cryptos like bitcoin and ether. Critics, though, do not think the phone will appeal to a large enough numbers of users and that HTC is simply jumping on a bandwagon out of desperation. -CNBC       6. A pharmaceutical scandal in China has caught the attention of the cryptocurrency community. China's State Drug Administration revealed that a company, Changsheng Biotechnology, falsified aspects of its rabies production data. The Chinese cryptocurrency community has gone to social media to push for blockchain adoption in the pharmaceutical industry. The goal would be to create a blockchain system to track every step of a vaccine's production and distribution. -COINDESK 7. Jon Montroll, the operator of WeExchange and BitFunder, pled guilty to lying about a cryptocurrency hack. Montroll faces as many as 20 years in prison. -BLOOMBERG 8. Games that mimic a Ponzi scheme have become popular on ethereum. The second and third most popular games currently on the ethereum network reward users that can get more users to join, allowing them to benefit from their recruit's success. -COINDESK 9. Litecoin founder Charlie Lee said he wants to push his coin above $400. The promise came following a Twitter discussion with users that demeaned the currency's price drop this year. –ETHEREUM WORLD NEWS 10. The US Securities and Exchange Commission (SEC) will not make a decision on five bitcoin-related ETFs until September. The SEC said it will make a decision – one way or another – by September 21. -COINDESK       From the Forums Bitcoin price range similar to last year. There is a way to spend ethereum on Amazon. Roger Ver honored.

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#72: Ethereum's popular Ponzis

Don't hate the player, hate the game.

Sponsored by Oracle Chain Letter Blockchains, cryptocurrencies, and why they matter 07.24: Don't hate the player, hate the game. Welcome to Chain Letter! Great to have you. Here's what's new in the world of blockchains and cryptocurrencies. Ethereum is becoming a go-to platform for Ponzi schemes games. Someday, blockchains may reinvent how we build and run organizations. Today, the killer applications are ... Ponzi games? Crypto Twitter is abuzz about two in particular, called Fomo3D and PoWH 3D, which have dominated the Ethereum transaction volume rankings while vacuuming up around $80 million worth of ether during the past seven days. The apps work in different ways, but both use smart contracts to reward earlier investors using the money that newer ones have contributed. Minus the smart contract part, that’s essentially what Ponzi schemes do. But whereas schemes market themselves as sound investments and aren’t transparent, Ponzi games are up front about what’s happening, explains finance blogger JP Koning. They are like other “zero-sum financial games” including lotteries and poker, he writes. Whatever they are, they raise new legal questions. For instance, if the games do turn out to be scams, what is the legal liability of the miners who processed the illegal transactions? And who is responsible for securing all that money? Smart contracts tend to be buggy, and an Ethereum developer already appears to have found a dangerous weakness in Fomo3D. Pondering Bitcoin’s role in the 2016 election hack. Earlier this month we learned that the Russian agents accused of using cyberattacks to interfere in the last US presidential election allegedly used Bitcoin to help fund the operation. What does the episode say about Bitcoin? It shows how the same thing that draws criminals to Bitcoin—the nature of its transaction record allows them to circumvent governments and banks—can also be their undoing, argues Kevin Werbach, a professor of legal studies and business ethics at the University of Pennsylvania, in a new op-ed in the New York Times. Indeed, he says, Bitcoin’s transaction records “helped” investigators track down the accused perpetrators, and the hackers “would have been better off using briefcases full of cash.” Is that true, though? The Bitcoin-related evidence certainly helped those of us trying to understand the conclusions in the indictment, but we don’t know how crucial it was to actually cracking the case. Also, maybe the hackers used Bitcoin for other reasons besides its money laundering feature, as Times reporter Nathaniel Popper noted yesterday via tweet: “Could they have paid for a Malaysian server and a VPN with cash? And did the Bitcoin really help prosecutors catch the crime? I'm skeptical.” Sponsor Message May/June 2018 - The Blockchain Issue The future of blockchain, cryptocurrencies and whether ICOs can be truly useful; a graphical guide to blockchain and an examination of why there are so few women in this new technology; these are just a few of the topics we examine as we look beyond the hype in our May/June digital edition of MIT Technology Review. made free courtesy of @Oracle Free download courtesy of Oracle Loose Change Fill your pockets with these newsy tidbits. • Coinbase has formed a political action committee. (Reuters) +Coinbase is starting to look a lot like a traditional big tech company. (TR) • G20 nations may review a global anti-money laundering standard for cryptocurrency in October. (CoinDesk) • Cryptocurrency stocks appear to be rising from the dead in response to Bitcoin’s recent rally. (Bloomberg) • India’s supreme court will wait until September to decide the fate of its cryptocurrency industry. (Quartz) • KT, one of South Korea’s largest telecoms, has launched its own blockchain network that it says can process thousands of transactions per second. (CoinDesk) EmTech is approaching, will you be there?   Our flagship EmTech event will examine this year’s most significant news on emerging technologies. Hear from technology and business leaders driving the new global economy. Learn more here.   The Money Quote “They aren't just kicking the tires. They are asking very specific questions so they can assess the risks.” — Mike Belshe, CEO of cryptocurrency services provider BitGo, on the growing interest that big insurance companies like AIG and Chubb have in covering crypto startups. (Bloomberg) We hope you enjoyed today's tour of what's new in the world of blockchains and cryptocurrencies. Send us some feedback, or follow me @mike_orcutt Know someone who might enjoy reading Chain Letter? Was this forwarded to you, and you'd like to see more? Discover the emerging tech that will change the world. Attend EmTech 2018 September 11-14, MIT Media Lab Cambridge, MA View this in a browser You received this newsletter because you subscribed with the email address: contacto1745.send-mail@blogger.com edit preferences   |   unsubscribe   |   follow us      MIT Technology Review One Main Street Cambridge, MA 02142