CryptoWeekly #104

The best cryptocurrency news, guides and resources.

CRYPTO WEEKLY May 8, 2019 | #104 Exclusive Events and Media Support in Blockchain & Tech Check out our last invites-only dinner with Goldman Sachs, Citi, JP Morgan, IBM Ventures, Greentech Capital and family offices. We also work with well-known writers from TechCrunch, Forbes, CoinTelegraph, Business Insider and others. Try Assessment and see what kind of PR you need. SPONSOR GOOD READS Binance has just suffered a $40.7M Bitcoin theft, its largest loss ever Binance has long been lauded for its top-notch security, but this week the exchange discovered a security breach that saw more than $40M in Bitcoin stolen. The exchange is still in the process of identifying impacted customer accounts, and will be using its SAFU fund to cover the shortfall in funds lost by affected customers. Inside Zuckerberg's decade-long battle over crypto with the Winklevoss twins Facebook CEO Mark Zuckerberg and the Winklevoss twins have always had a contentious relationship. But the twins' deep involvement with crypto could prove to give them a leg up on the race with Facebook to develop the world's leading cryptocurrency. The rivalry between the two parties has only intensified in recent years as both begin to compete more heavily on the crypto front, even after the Winklevoss twins won a $65M settlement from Facebook for slighting them in its early days.  Facebook's new digital coin could double or triple crypto's global user base Recent analysis has shown that the introduction of Facebook's digital coin could potentially triple the number of crypto users worldwide. The rollout could also drive an overall uplift in the markets, particularly if the cryptocurrency sees heavy usage early on. The social networking giant is presently searching for investment and technology partners to help it build and launch the new payment solution. A Belgian programmer solved this perplexing crypto puzzle 15 years too soon Last month, a Belgian programmer solved a decades-old cryptographic puzzle that has eluded even the most masterful problem solvers. Despite the puzzle being devised 20 years ago, its underlying principles have a significant amount of overlap with existing crypto protocols that leverage blockchain technology. The story of Crypto Capital's dark past, and its ties to the crypto industry Crypto Capital is quietly becoming a quasi-central bank of the crypto industry, helping offer banking services to crypto exchanges, blockchain startups, and the like. Incorporated in Panama, the shadowy company has been helping exchanges like Bitfinex handle billions in customer funds. Two of its employees were arrested for money laundering earlier this week, casting a shadow over the organization. Bitmain has reportedly cut its crypto mining capacity by up to 88% This week, Bitmain revealed that it had reduced its Bitcoin mining power by 88%. The statistic is indicative of an overall reduction in capacity, and signals that the crypto mining giant is beginning to shut down at least some of its mining equipment. The news also runs counter to Bitmain's claim that it would be deploying $80M worth of new mining equipment later this year. Here's how Cosmos is looking to put the global economy on the blockchain Cosmos is a relatively new blockchain project that enables independent blockchains to interact with one another. This could open up an entirely new set of use cases and opportunities for crypto platforms to collaborate, and it's perhaps the most promising interoperability solution yet. A "blockchain bandit" is guessing private keys and scoring millions in crypto Security researchers have discovered that a mystery thief is stealing millions of dollars in crypto, simply by guessing private keys. While the concept is simple, the execution of the theft appears to be quite complex, involving an array of advanced cryptographic techniques used to "predict" a user's private key. COMMUNITY NEWS We just updated CryptoList with 40 new crypto companies. Link More than 30 assets are now supported on Coinbase Custody. Link Meet Wispay, the easiest way to begin getting paid in crypto in 30 seconds or less. Link Ripple's xCurrent 4.0 is now live as user upgrades continue. Link Microsoft has released a new Azure blockchain development kit for Ethereum. Link The Singapore government is getting ready to issue university diplomas on the blockchain. Link US citizens can now accept their federal and state tax refunds in Bitcoin. Link Cobinhood's co-founder has resigned from the exchange following a controversial dispute. Link Liquid has just launched Liquid Pro, a new mobile app for crypto traders. Link Fidelity is reportedly preparing to launch its crypto trading service in just weeks. Link Orchid has just raised $43M in funding for its crypto Tor alternative. Link UPCOMING EVENTS Ethereal Summit May • 10-11 • New York Consensus • 13-15 • New York Digital Asset Summit • May 15 • New York European Blockchain Convention • May 20 • Copenhagen Edited by KintuLabs. Reply to this email with any feedback and/or suggestions. Nothing shared or published by CryptoWeekly constitutes an investment recommendation, nor should any data or content published by CryptoWeekly be relied upon for any investment activities. CryptoWeekly strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions. Copyright © 2019 CryptoWeekly. All rights reserved. Unsubscribe here.

WeChat Bans Crypto / Brave Browser Traction / Bitcoin Speculation / Winklevoss Twins

Inside Bitcoin presented by Vettery.

Presented by Subscribe | View in browser $BTC (3:30 p.m. EST): $5,888.73 (1.97%) // 90-day high: $5,988.18 // 90-day low: $3,391.02 / / More… $BCH ABC (3:30 p.m. EST): $286.49 (-1.65%) // 90-day high: $342.87// 90-day low: $114.18 // More… $ETH (3:30 p.m. EST): $171.47 (7.02%) // 90-day high: $184.38 // 90-day low: $104.19 // More… $LTC (3:30 p.m. EST): $75.09 (-1.11%) // 90-day high: $97.50 // 90-day low: $32.88 // More… $XRP (3:30 p.m. EST): $0.30 (-1.02%) // 90-day high: $0.36 // 90-day low: $0.28 // More…       1. Chinese social media and messaging app WeChat has banned the use of cryptocurrency. In an update to its privacy policy, WeChat said that users who engaged in cryptocurrency trading through in-app payment channels would have their accounts terminated. This could have an effect on the local bitcoin liquidity as most over-the-counter transactions happen via WeChat. Binance CEO CZ Zhao believes that it was not WeChat's own choice to implement the ban as China has attempted to eradicate cryptocurrency trading through regulation and it may have been forced upon them. -COIN TELEGRAPH       2. Brave, a web browser that pays users in cryptocurrency, has become the third most downloaded mobile browser app on Android. Brave gives users of the platform an ad-free experience while allowing them to tip content makers such as Youtube creators, Twitch streamers, and bloggers in its native cryptocurrency, BAT. It currently sits behind Firefox and Chrome respectively in terms of the number of downloads. The founder of Brave, Brendan Eich, coincidentally also founded Mozilla in 1998 which created the Firefox web browser. -CRYPTO SLATE       A MESSAGE FROM VETTERY Hiring moves fast—stay ahead of the game with Vettery's 2019 Tech Salary Report As a tech leader, you're used to a day-to-day in flux. You're focused on the big picture—roadmapping, goals, and maintaining your vibrant company culture—time is money, as they say. So let us streamline things. Want the tools to help you achieve your goals and hire talent? Vettery has you covered. 3. From The Forums: Jeff Morris Jr, the Head of Product at Tinder, tweeted, "As the price of Bitcoin crossed $6,000 & the community gets excited, crypto's primary use case so far is speculation." David Nage responded by saying, "The real community doesn't have their excitement pegged to the price as platforms are being built and released to support it." Do you lean more toward Jeff's sentiment or David's? Hit reply and let me know.        4. Starbucks has partnered with Microsoft to track its coffee through the supply chain on an Azure hosted blockchain. Starbucks is bringing digital, real-time traceability to its supply chain for a system that will track its product from "farm to cup." Starbucks sources its coffee beans from over 380,000 coffee farms and this feature will allow consumers to view where its coffee was sourced and roasted. Starbucks hopes it will be able to benefit their coffee growers too by providing them with location data on where their coffee ends up. -COIN DESK       A MESSAGE FROM BRAVADO TRADING Bitcoin Bot nets 1533% ROI on 5x leverage in the last 11 months It's estimated that trading algorithms make up over 80% of the volume in the traditional markets. That's because when developed correctly, they're extremely effective. Live trade data only, no backtest fluff. Limited to 500 spots. See the results for yourself and give it a try. 5. The Swiss Stock Exchange has ruled out trading cryptocurrency because of the lack of transparency between buyers, sellers and the origination of the coins. -BITCOINIST 6. The crypto markets are surging toward a $200 billion market cap as bitcoin, EOS, and Tron lead the way. -NEWS BTC 7. A leading software enterprise company, VMware, partnered with QEDIT, a blockchain security company, to implement data privacy solutions across their blockchain networks. -FORBES 8. Currency.com has tokenized government bonds and will offer them to both institutional and retail investors. -TECH CRUNCH 9. Residents in Zug, Switzerland are using the blockchain to trade excess solar energy. -GLOBAL CRYPTO PRESS 10. Japanese Content Token (JCT) increased 700 percent, rising from $0.045 to $0.362 in a two-hour period. One exchange posted 41 percent of the volume, which raised questions of price manipulation and wash trading. -CRYPTO NEWS NETWORK       Written and curated by Darren Webb. He created Currencylists and has worked in marketing roles for a multitude of cryptocurrency and blockchain projects since 2014. Based in NYC, Darren loves to read and continue to learn about cryptocurrency and emerging technology in his spare time. You can find him on Twitter @Dwebbny. 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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