Friday, March 15, 2019

Week 11: Komodo's Five Bullet Friday. Mobile DEX Alpha Testing is in the works!

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 Week 11 

 

Mobile DEX Alpha Testing is in the works!

Our teams are preparing for the closed mobile DEX app alpha testing. Many community members, traders, developers and media representatives have been invited. Their feedback will float into the final revision. Stay tuned for an invite to the public beta.


Crypto Rich talks atomic swaps and the mobile DEX with Komodo's CTO, Kadan Stadelmann.

Are wallets much better and slicker on phones? They take seconds to download and set-up. How much better would a decentralized exchange be if it were on mobile? Crypto Rich does his best to dig into the answers to these questions while he interviews our CTO. Watch the full interview here: https://www.youtube.com/watch?v=P4dC5eKsuDk&feature=youtu.be.


Komodo is pleased to announce two new hires.

Komodo is putting more resources into building a developer community and the documentation. In that spirit, Bob Embregts has recently joined the team as 'Art Director' and will help improve the creative push. He will be joined by Torsten Sándor who will be working on technical marketing.


 

Komodo Notary Node Elections

Komodo community has begun preparations for the upcoming notary node elections. If you'd like to consider running as a candidate it is time to start preparing. Join Komodo Discord and participate in the discussions. More announcements will be made later.
 

Unity 3D plugin for Blockchain gaming

Sam Narain @twpunkster takes the stage and talks about Unity 3D plugin for Komodo. Exciting stuff at the Blockchain Lab in The Hague. The event took place on Tuesday 12 March 2019 and focused on how blockchain can help revolutionize games: https://www.thehaguetech.com/events/12-03-2019/how-blockchain-helps-revolutionize-games/.

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March 15, 2019

BATTLE SONG: More or less decentralized? For Jimmy Song, there's no in between. An author and partner at venture firm Blockchain Capital, Song made that point repeatedly in a debate with IBM engineer and Hyperledger Fabric co-lead Chris Ferris at SXSW Thursday, where he told the crowd in no uncertain terms: "You either have control over your stuff or you don't. It's a zero or a one." Defending corporate approaches to distributed ledger technology (DLT), Ferris cited the QuadrigaCX debacle in the debate, saying, "The whole point of permissioned blockchain, enterprise blockchain, is reducing risk." Full story

FUTURES FREEZE: Cboe Futures Exchange (CFE) said Thursday that it would not add a new bitcoin futures contract for March, citing a need to review how it approaches the space. The firm said in a notice to traders Thursday that "CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading." Currently listed bitcoin futures contracts will remain available for trading until they expire, the exchange added. Full story

GATE CLOSING: Hong Kong-based cryptocurrency exchange Gatecoin is to shut down and enter liquidation after an unsuccessful attempt to recover lost funds. The firm explained that the suspension of its service occurred after months of battling to stay afloat, and ultimately, a court order to wind up and cease operations. Gatecoin blamed an unnamed payment service provider for the situation, claiming it "retained a large part of our funds." Full story

GOX GUILT: Mark Karpeles, former CEO of the long-defunct bitcoin exchange Mt. Gox, has escaped some charges, but was found guilty of manipulating data connected to the exchange's books by the Tokyo District Court. The court found Karpeles innocent on the charges of embezzlement and breach of trust. He was handed a suspended sentence of two and a half years, and will have to keep a clean record for four years to avoid jail time. Full story

STRONG HANDS: Bitcoin's daily trading volumes remain elevated at highs above $10 billion, contradicting the technical theory that investor interest drops during periods of consolidation. Volumes have been strong since the corrective rally kicked off in early February, so a range breakout toward the recent high of $4,200 looks likely. Full story

BEST OF THE BEST

BUG SWARM: White hat hackers have discovered 43 bugs on blockchain and cryptocurrency platforms in the last month, according to The Next Web’s Hard Fork. Submissions to bug disclosure platform Hacker One indicate that the vulnerabilities were found at 13 firms in the space from Feb. 13 to March 13. TNW says that none of the issues found seems to be severe and that they netted their finders over $20,000 in bounties.

THE REST

WALLET WEAKNESSES: Hardware crypto wallet maker Ledger says it has found five vulnerabilities in wallets made by its competitor Trezor. Ledger’s Attack Lab, according to a blog post, found that the “genuineness” of a Trezor device can be imitated, giving a bad actor “complete control” over the code running on it. It also found that it’s possible to guess someone’s Trezor PIN via a side channel attack, and three other attack vectors. The firm said it analyses the security of its own devices too, and that it told Trezor of its findings before disclosing them publicly.

PRIVATE GAMING: Oasis Labs has released a new-from-the-ground-up SDK that helps developers build and deploy blockchain games with added privacy, Hacker Noon reports. The developer kit uses confidential smart contracts to prevent players from gaining access to data that should be hidden, such as what cards other players are holding or predicting cards before they’re dealt. The kit is designed for turn-based and collectible blockchain games specifically.

WHO WON #CRYPTOTWITTER

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Karpeles Sentenced / Cboe Stops Futures / Blockchain Bugs / Cocoa

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1. A Japanese court sentenced former Mt. Gox CEO Mark Karpeles to a suspended jail sentence for falsifying data after his exchange lost 850,000 bitcoins. The court sentenced Karpeles to two-and-a-half years with four years suspended if he remains on good behavior. Karpeles spent a year behind bars after his arrest in 2015 where prosecutors interrogated him on the disappearance of the coins. Karpeles maintained his innocence throughout the court proceeding. While this is the final court appearance for Karpeles, Mt. Gox's case remains open. The company still controls substantial cryptocurrency assets which are in the process of being returned to those defrauded. –THE NEW YORK TIMES

Karpeles sentenced, will avoid jail
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2. Cboe Global Markets plans to not add a new bitcoin futures market in March as it reviews how it approaches the space. The exchange did say that currently listed bitcoin futures contracts will remain available for trading. The Chicago Mercantile Exchange, which launched a bitcoin futures product about the same time as Cboe, has seen its volume dwarf that of Cboe. Both of the Chicago exchanges settle futures with cash. This is in contrast to new competitors Bakkt and ErisX, which plan to offer physically settled futures contracts where bitcoin is delivered to the buyer. –COINDESK

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3. Security researchers found more than 40 bugs on blockchain platforms over the past 30 days, although none of the vulnerabilities appear to be serious. Thirteen companies that use blockchain including Coinbase, Tezos, and Brave, submitted 43 vulnerability reports between February 13 and March 13 to Hacker One. Security researchers received $23,675 for finding the bugs, a relatively low amount that shows the bugs were not overly serious. Of all the firms, Unikrn, an esports gambling platform, received the most vulnerability reports. –THE NEXT WEB

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4. The cocoa industry (yes, that's a thing) could greatly benefit from blockchain, especially in how the technology can add transparency to the supply chain. Tom Daly, president of augmented reality company skignz, told the Cocoa Merchants Association America Conference that the industry has a bad data problem. Daly said that the cocoa industry lacks transparency when it comes to traceability and other sustainable issues with different supplies offering wildly different data sets. As a result, consumers may turn away from products that can not offer this information. –CONFECTIONERY NEWS

Cocoa industry could benefit from blockchain
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5. Dieter Shirly, the co-founder of CryptoKitties, said on a SXSW panel that pet owners on his platform own the intellectual property to their cat, meaning "even if our company goes away, your kitties are immortal." –PITCHBOOK

6. Gemini founders Cameron and Tyler Winklevoss argued that bitcoin has the potential to kill gold. –FOX BUSINESS

7. Fundstrat co-founder and noted bull Tom Lee targeted August for the next bitcoin price jump, citing a positive outlook in the coin's 200-day moving average. –COIN TELEGRAPH

8. Tamara Evdokimova at Slate tries to give the upcoming Kurt Russell movie "Crypto" the benefit of the doubt even though the trailer exaggerates – and misrepresents – how cryptocurrencies work. –SLATE

9. The price of Cardano rose 6 percent after the Cardano Foundation was named one of the founding members of the International Association for Trusted Blockchain Application (INATBA). –AMB CRYPTO

10. Here is a handy guide if you find yourself in the United Arab Emirates and want to buy bitcoin. –BENZINGA

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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: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside); Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram); and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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