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TOKEN SALE: Telegram’s gram token may finally be offered to the public – sort of. According to TechCrunch, a limited stock of the gram token, which was sold to accredited investors last year, will be available to the public on the Liquid exchange starting July 10. A full public sale is said to be planned for October, though specifics have not yet been released. The sale is being made via Gram Asia, a Korean firm which claims to be the largest holder of the token. Telegram previously raised $1.7 billion through a two-phase private ICO in February and March of 2018, and was the largest crypto token sale at the time. Full story
LARGEST EVER: A group of 100 individuals came together to execute what may be the world’s largest “CoinJoin” transaction on bitcoin to date. The community behind the privacy-focused bitcoin app Wasabi Wallet came together for the event, which saw these individuals conduct 100 transactions over the Tor network. In theory, a CoinJoin makes transactions more private by mixing them together before redistributing them. Full story
LIGHTNING WATCH: “Watchtowers” might be coming to the Lightning network, in an effort to better secure the network. Version 0.7 of the LND software, which is expected to be released at an undisclosed date this month, will include the most complete build of a watchtower to date. The tool will “watch” the network for old “states” to be broadcast, meaning it will look for old transactions being sent again by bad actors hoping to give themselves extra funds. Currently, if someone uses lightning, they need to stay online to make sure a counterparty isn’t trying to steal their funds, a task watchtowers can conduct instead. Full story
PHILIPPINES WARNING: The head of the Philippines central bank, Benjamin Diokno, said his institution would be watching the use of cryptocurrencies, given their potential use in funding terrorism and other financial crimes. He also warned that “there cannot be a total disregard for a central bank or a third party that provides lender of last resort facility,” referencing the fact that cryptos allow users to sidestep banks in settling transactions. Full story
DAPP BUST? According to a blockchain APT hacker group, believes that as much as 75 percent of dapp activity on the EOS network is conducted by bots. AnChain.AI, which says it provides AI-powered blockchain ecosystem security, published a report claiming that $6 million in transaction volume on EOS dapps came from malicious bots. The study analyzed 10 EOS gambling dapps, which represented 65 percent of the total EOS dapp transaction volume. Full story
AON INSURANCE: The world’s second-largest insurance broker by revenue, Aon, has brought together a panel of insurers to cover clients for Metaco, a digital asset custody technology firm. Announced Tuesday, the European insurers will offer crime insurance products to Metaco’s “SILO” solution, covering both hot and cold wallets. None of the insurers were named, but the policies will cover everything from natural disasters to third-party hacks. Full story |
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TRAPPED TRADING: Bitcoin continues to trade in the tight $7,500–$8.100 range for the seventh day running. The lower end of the range may well come into play over the next 24 hours, as the short-term moving averages are biased bearish and the price bounce to $8,000 seen Monday lacked volume support. That said, the outlook would turn bullish if BTC exits a bearish channel with a move above $8,100. Full story |
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| GENOME TIE-UP: A startup that was spun off from Harvard Medical School last year has signed a deal allowing pharma firm EMD Serono, a division of Merck, to access genome data from its blockchain network. Forbes reports that the startup, Nebula Genomics, said the goal of the pilot effort is to boost research into the development of new medicines. Nebula’s blockchain-based network connects patients and consumers with researchers, rewarding those who share their genome data, and providing reassuring transparency and security. The firm is also setting up sponsorship deals so genome sequencing can be offered free of charge. |
WHO WON #CRYPTOTWITTER  |
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