Wednesday, March 13, 2019

📌 Crypto Goes Hollywood, Ripple Bets on Gaming, and Altcoin Season is Here?

 MUST READS 

How a Bitcoin Evangelist Made Himself Vanish, in 15 (Not So Easy) Steps


In October 2017, a SWAT team descended on Jameson Lopp's house in North Carolina. Someone — it still isn't clear who — had called the police and falsely claimed that a shooter at the home had killed someone and taken a hostage. After the police left, Mr. Lopp received a call threatening more mayhem if he did not make a large ransom payment in Bitcoin.

From that point on, Mr. Lopp decided he was going to make it much harder for his enemies — and anyone else — to find him ever again. But he wanted to do it without giving up internet access and moving to a shack in the woods.

Many celebrities and wealthy people, wary of thieves, paparazzi and other predators, have tried to achieve Mr. Lopp's vision of complete privacy. Few have succeeded.
 

Investing in Bitcoin – an Investment Thesis on BTC's Global Trends


When these two gurus (Hasu & Su Zhu) get together, it's almost always a must-read. Their recent essay highlights their investment thesis for bitcoin, identifying three major global trends that could drive significant demand for the asset in the future. This serves as a pretty nice refresher for any of you folks that have lost hope.
 

🎮 Ripple Just Made a Massive Bet on Gaming


Payments company Ripple has set its sights on a new domain: video games.

Ripple's Xpring initiative, which focuses on supporting blockchain projects in a variety of industries, yesterday announced that it will invest $100 million in unspecified game developers working with blockchain.

The fund, though provided fully by Ripple, will be managed by Forte, a company that launched last month and is developing blockchain products and platforms for the gaming industry.
 

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 DEEP DIVE 

Developer Report


Electric Captial fingerprinted 20,000+ code repos and 16M commits to create this Q1 2019 Dev Report. This is the first part of a series of reports that dig in to where crypto developers are focused.

⚡ Get your cliffnotes & report highlights right here.
 

Is Altcoin Season Really Back?


It's been a while since we highlighted some altcoin speculation, so here it goes...

Simply put, many altcoins have been pumping as of late – leaving us with 1M/7D market performance pictures not seen since mid-2018. It's been a pretty hot topic in the cryptoverse. On one side, you have folks trying to figure out what's on, while others are trying to decide if its already too late to profit on the sudden boom.

Delphi Digital Releases Analysis of Ethereum


Delphi Digital, a New York-based digital asset research company, just released a monster, in-depth report on Ethereum. This includes both short-term and long-term outlooks, value drivers, and key concerns.
 

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 REGULATORY FRONT 

Leaders of "OneCoin," a Multibillion-Dollar Pyramid Scheme Arrested


Since 2016, authorities from around the globe were warning investors of fraud from OneCoin – a multi-level pyramid marketing scheme based in Bulgaria.

This week, the leader of the vicious ploy, was finally arrested for defrauding global investors out of more than (allegedly) $4B – making it one of the largest crypto scams in history.

Remember Bitconnect? This may be worse. OneCoin didn't even operate with a legitimate blockchain, and those accused allegedly exchanged emails that included the plans to "take the money and run," due to the simple fact that OneCoins did not exist.

 

🏛️ SEC Chairman Clayton Just Confirmed that Ethereum (and Cryptos Like it) are Not Securities


CoinCenter – arguably the best cryptocurrency advocacy group geared for policymakers – finally got a response directly from the desk of the SEC Chairman clarifying his thoughts on whether or not Ethereum (and cryptos like it) are considered securities.
 

 TWEET OF THE WEEK 

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The New York Chains

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March 13, 2019

BLOCKCHAIN TIMES? The New York Times is getting ready for a publishing experiment using blockchain technology. According to a new job posting, the media organization is looking for someone to help “design a blockchain-based proof of concept for news publishers.” To start the project, NYT is looking for a “forward-looking leader” who would be working on the proof-of-concept’s outline for 12 months within the company’s research and development division (though this job posting was quickly taken down). Full Story

STUTTERING TORCH: An experiment designed to push the boundaries of crypto payments using bitcoin's lightning network has grown into a global game called the "Lightning Torch." However, people engaging with the experiment have brought to light a lesser-known liquidity problem with network's channels, preventing some would-be participants from taking part. However, solutions are in the works that could resolve the issue. Full Story

COINBASE TRANSFERS: Coinbase has launched a new feature allowing users to directly transfer cryptocurrency holdings on Coinbase.com to accounts in the firm’s Wallet app. The option will be available once the app gets updated in the “next few days,” it said. While Coinbase.com stores users’ keys centrally the Wallet app lets them safeguard their own private keys. Direct transfers from the app to website accounts are also planned for the future. Full Story

PETRO PUNISHMENT: The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial (and itself sanctioned) petro cryptocurrency. The Treasury said Monday that the Office of Foreign Assets Control has added Evrofinance Mosnarbank – which is jointly owned by Russian and Venezuelan state-owned firms – to its Specially Designated Nationals List. “Early investors in the Petro were invited to buy the cryptocurrency by wiring funds to a Venezuelan government account at Evrofinance,” it explained. Full Story

MAKE OR BREAK: With bitcoin trapped in a key trading range defined by the 200-week simple moving average and the 200- week exponential moving average, for 13th week, the immediate outlook as per the weekly chart is neutral. A break above the upper edge is needed to confirm a longer-term bull reversal. However, a drop below the lower bound of the range could revive the bear market. Full Story​

BEST OF THE BEST

MASHABLE: Despite all the talk of bear markets and scams, cryptocurrency “is good now,” says Mashable, thanks to the release of a trailer for an upcoming movie called “CRYPTO .” The film stars Kurt Russel, and follows a young law enforcement agent (Beau Knapp) on a trip to his home town in New York, where he encounters the Russian mob and their crypto money laundering operation. The movie is on release at select theaters from April 12, and will also be available on demand.

THE REST

CHANNEL NEWS ASIA: A Tokyo court will hand down its verdict on Friday in a case that has seen Mark Karpeles, the former chief of collapsed bitcoin exchange Mt. Gox, tried on charges of manipulating data on the exchange and embezzling millions of dollars. As reported by Channel News Asia, Karpeles is alleged to have embezzled ¥341 million ($3 million) of exchange users’ money and spent it on a 3D-printing software business and personal items, including a $54,000 bed. He faces a 10-year sentence if found guilty.

EDIE.NET: Innovation lab Space 10, which works solely for furniture giant Ikea, is developing a blockchain-powered solar microgrid, according to Edie.net. The project, called SolarVille, features a wooden village prototype designed to demonstrate how a microgrid would allow inhabitants to sell their excess energy to others over the blockchain network. Currently at the modelling stage, SolarVille enables power to be traded directly between participants – that is, without a third party – and is a fully scalable system, the firm claims.

WHO WON #CRYPTOTWITTER

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