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IT'S SETTLED: Capping an eight-month court battle, Cameron and Tyler Winklevoss have settled their lawsuit against fellow early bitcoin entrepreneur Charlie Shrem over $26 million worth of bitcoin they claimed he owed them. Terms of the settlement are confidential. Full story
SEGWIT SUPPORT: Speaking of the Winklevii, their Gemini exchange has added "full" support for SegWit, an important bitcoin code change that paves the way for scaling improvements. While many bitcoin companies have adopted SegWit to some degree, Gemini is the largest bitcoin exchange thus far to integrate the less supported native SegWit addresses. Gemini head of communications Carolyn Vadino told CoinDesk: "Our choice to use native SegWit addresses was based on many factors including block space savings as well as safety concerns. As SegWit's use, support, and adoption grows, it will help reduce fees, wait times, and network congestion." Full story
FREE CODE: Big Four professional services firm EY is rolling out software designed to help corporate clients use the ethereum blockchain – and it’s taken an unusual step to encourage adoption. Announced Tuesday, EY’s protocol, internally code-named Nightfall, uses zero-knowledge proofs to allow private transactions on a shared ledger. Unlike most such endeavors, EY’s software is intended to run on top of the public ethereum network, not a private variant. And further setting the project apart is that EY is making the product free, with no license at all. Full story
SALE FRENZY: Crypto exchange Gate.io has raised $64 million-worth of crypto assets in seven days for its own exchange cryptocurrency that won’t be launched on a blockchain for at least six months. One of the oldest Chinese exchanges, the firm claims the sale was heavily oversubscribed with orders totaling $2.99 billion for so-called Gate Points, which can be used to offset trading fees on the platform. Moreover, each Gate Point further entitles a holder to receive 2.5 Gate Tokens, the native cryptocurrency of Gatechain, the exchange’s yet-to-be-launched proprietary blockchain. Full story
CRYPTO DELISTINGS: San Francisco-based exchange Kraken announced Tuesday that it will no longer support the cryptocurrency bitcoin SV (BSV) amid an ongoing feud between the coin’s creator Craig Wright and outspoken members of the bitcoin community. The move follows announcements by Binance and ShapeShift that they are delisting BSV in response to Wright’s lawsuit threats against a pseudonymous Twitter user and a podcaster. Full story |
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| PRICE CEILING: Bitcoin closed well above $5,190 yesterday, invalidating Monday's bearish outside reversal candle. Prices, however, are struggling again to find acceptance above the three-day chart’s 50-candle moving average (MA), currently at $5,239. Further, the hourly chart indicators are diverging in favor of the bears and a fall back below $5,100 cannot be ruled out. That said, a sustained move above the MA resistance may embolden the bulls. Full story |
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BEST OF THE BEST
POKEKITTIES? A new blockchain game from Chinese web giant Tencent is like a blend of Pokémon Go and CryptoKitties, according to the South China Morning Post. Using augmented reality, "Let’s Hunt Monsters” lets players roam around catching monsters, while rearing and trading digital cats stored on a blockchain. As the piece points out, Pokémon Go can’t be used in China as Google Maps, on which it relies, is banned. Similarly, CryptoKitties requires the use of ether tokens, which also can’t be legally used in the country. Hence, Tencent is neatly filling the gap.
THE REST
TRANSACTIONS SURGE: The number of cross-border transactions recorded on blockchain networks is set to climb to 1.3 billion by 2023, according to data from Juniper Research. The firm says, therefore, that the value of all blockchain transactions will reach “an unprecedented” $3.4 trillion over the next 5 years. Juniper also found that smart contracts will be a key technology for financial institutions, especially in boosting accuracy and transparency.
VIRGINIA VOTING: Last year, West Virginia became the first U.S. state to use mobile blockchain voting in a midterm election, and it plans to do so again for the presidential vote coming up in 2020. Long Hash spoke to the state’s elections director, Donald Kersey, who said that while there were some issues with the midterm trial, it saw a very positive response. Further, making it easier for military posted overseas to cast their votes overrides any slight problems, as few personnel bother due to issues with traditional methods. |
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