Monday, October 1, 2018

Malta / OpenBazaar / Lost Bitcoin / CoinText.io

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$BTC (1:30 p.m. EST): $6,550.38 (-0.53%) // 90-day high: $8,245.16 // 90-day low: $5,889.64/ / More

$BCH (1:30 p.m. EST): $529.96 (-0.92%) // 90-day high: $872.84// 90-day low: $420.58 // More

$ETH (1:31 p.m. EST): $228.20 (-2.36%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (1:31 p.m. EST): $60.04 (-1.88%) // 90-day high: $107.31 // 90-day low: $49.35 // More

$XRP (1:31 p.m. EST): $0.55 (-5.06%) // 90-day high: $0.57 // 90-day low: $0.22 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. Malta Prime Minister Joseph Muscat told the United Nation's General Assembly that blockchain will lead to the "inevitable" acceptance of bitcoin and other cryptocurrencies. "By being the first jurisdiction worldwide to regulate this new technology that previously existed in a legal vacuum," Muscat said. "Blockchain makes cryptocurrencies inevitable future of money. More transparent, it helps filter good business from bad business." Malta has been largely praised for its pro-blockchain approach, which has earned it the nickname Blockchain Island. –FORBES

Malta PM hypes blockchain before united Nations
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2. OpenBazaar does not appear to enforce a top-down approach to censorship, but instead the designers appear to nudge users toward more socially acceptable products. As CoinIQ states in a review of the cryptocurrency marketplace, comparisons to Silk Road seem inevitable for OpenBazaar. While the site does have its share of illegal products – include drugs and weapons – the site does feature an adult content filter by default, among with a way to report offensive or fraudulent items. –COINIQ

OpenBazaar tries to shake off Silk Road comparison
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3. 36 percent of bitcoin in circulation is lost, likely lost, or unmined, while another 22 percent is held by speculators. These numbers come from Chainalysis, and show that speculators have largely held onto their coins through this past summer even as the prices of cryptocurrency have dropped. Chainalysis combined their existing knowledge of on-chain activity with their previous money supply work. –BITCOIN.COM

More than a third of bitcoin in circulation is lost
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4. CoinText.io has added support for litecoin and dash. The service allows users to send cryptocurrencies through SMS. The platform already supports bitcoin cash. The goal of the company is to allow customers instantly transfer cryptocurrencies without the need for an application or even a working internet connection. –BLOCKMANITY

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5. One of China's biggest crypto whales announced he will take a hands-off approach to future bitcoin projects. –COIN TELEGRAPH

6. Here are 10 altcoins to watch over Q4. –INVEST IN BLOCKCHAIN

7. As bitcoin nears its 10th anniversary, at least one analyst is not impressed. –PYMNTS

8. Bitcoin posted its second consecutive losing month, but some indicators point to a bullish breakout in Q4. –COINDESK

9. Watchmaker Hublot has will sell a commemorative watch only buyable with bitcoin. –CRYPTO SLATE

10. Here is why some analysts are shorting ethereum. –BITCOINIST

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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October 1, 2018

CONSORTIA CO-OP: Hyperledger and the Enterprise Ethereum Alliance (EEA) are linking up through a new partnership.

The tie-up will see the two groups collaborating on common standards for the blockchain space. This will form the basis for a broader effort to cross-pollinate a diverse open-source community.

As EEA executive director Ron Resnick told CoinDesk: "The enterprises of the world are going to want to purchase solutions where they have a choice of multiple vendors."

Yet the field for enterprise blockchain solutions remains a fiercely competitive one, as CoinDesk's Ian Allison reports. Indeed, R3's lead platform engineer Mike Hearn recently criticized the move as "a marketing event rather than a major change to the way the platforms work." Full Story

BITMAIN BLOCKADE: The Sia network is about to become very unfriendly for cryptocurrency mining hardware products made by firms Bitmain and Innosilicon. 

The move to "brick" the miners -- by changing the code to block the ability for them to be used -- comes after months of painstaking debate within the network's community of users. The stated goal is to offset the "near-monopoly" enjoyed by the two companies, accordign to Nebulous founder and CEO David Vorick. 

Whether the entire network embraces the change remains to be seen -- in theory, a separate Sia network could emerge from the nodes that don't opt to block Bitmain and Innosilicon's miners. Full Story

'INEVITABLE' CRYPTO?: Malta's prime minister, Joseph Muscat, struck a bullish tone on cryptocurrencies before the United Nations General Assembly last week. 

"Blockchain makes cryptocurrencies the inevitable future of money, more transparent since it helps filter good businesses from bad businesses," Muscat declared. 

His support is perhaps unsurprising, given that Malta has spent time and resources in an effort to roll out the welcome mat to crypto startups which are seeking friendly jurisidictions. Full Story



The Sharpe Ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk. The higher the Sharpe Ratio, the better investors are compensated for their allocation of risk.

Bitcoin has the highest Sharpe Ratio, coming in at .68, followed by XRP at .6. Ether has the lowest ratio of -3.17 with LTC receiving a -1.35.

For comparison, the S&P 500's Sharpe Ratio is 4.59. In case you weren't aware, the crypto industry sits at the higher end of the risk reward curve.

For more research insights check out the CoinDesk Research section here. You can also follow CoinDesk's research analyst Peter Ryan on Twitter for the latest insights.
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XRP PUSH: September was a banner month for XRP. The cryptocurrency was up by 80 percent, and at times overtook ether as the second-biggest cryptocurrency by market capitalization. XRP's price run-up came ahead of the Swell event hosted by Ripple in California. Full Story
BEST OF THE BEST:

BLOOMBERG (VIA FORTUNE): Blockchain startups are looking to beef up their pedigree by adding Nobel Prize laureates to their ranks

The Covee Network, Prysm Group, and Cryptic Labs LLC are among those that have partnered with past winners of the global prize. However, those working with the companies stress that they aren't simply there to help them look good. 

"They are embracing game theory as a way of incentivizing participation," Alvin Roth, one of winners of the Nobel prize for economics in 2012, was quoted as saying. 

THE REST: 

LAW.COM: 
An effort to pilot blockchain in the U.S. is proving easier said than done. 

This report descibes how the project by Austin-Travis County EMS and UT Austin, dubbed MyPass Austin, is seeking to provide a means for homeless people to access their identifying documents. But regulations are proving to be more burdensome than originally imagined, including those around HIPAA. 

CNBC: CNBC highlights the route through which blockchain can be taken to the next level with some recommendations from Deloitte.

Of particular importance, according to the advisory firm: interoperability and speed. This is especially pertinent for enterprise-grade companies that are looking to potentially make use of the nascent technology. 

"Standardization could help enterprises collaborate on application development, validate proofs of concept, and share blockchain solutions as well as making it easier to integrate with existing systems," the report argued. 
 
We've launched our first-ever podcast, "Late Confirmation," a digest of top stories in the blockchain world, delivered daily from the team at CoinDesk and sponsored by the Oxford Blockchain Programme.

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