Special Edition: New York Blockchain Week

Inside Bitcoin presented by Linode.

Presented by Subscribe | View in browser $BTC (2:19 p.m. EST): $8,074.72 (1.62%) // 90-day high: $8,268.71 // 90-day low: $3,608.21 / / More… $ETH (2:19 p.m. EST): $240.64 (16.51%) // 90-day high: $241.72 // 90-day low: $121.37 // More…       Blockchain Week has become the preeminent crypto event each year with innovators, influencers, and crypto enthusiasts getting together to discuss all things digital currency. Today we look back at this year's Blockchain Week in New York at some of the big announcements and questionable fashion choices.       1. Presidential candidate Andrew Yang spoke at Consensus and stated that regulators owe clarity on the rules governing cryptocurrency. Yang said he wants clear guidelines so that business and individuals can invest and innovate in the area without fear of a regulatory shift. Yang also said that he was sympathetic to members of the community who want to have more of these transactions occur in a non-monitored manner or context. -COIN DESK       2. Flexa partnered with Gemini to launch an in-store crypto Point of Sale solution in Whole Foods, Starbucks and a host of other retailers. Flexa released an iOS app at New York Blockchain Week today called Spedn that allows users to spend bitcoin, bitcoin cash, ethereum and GUSD at participating retailers. These retailers include Nordstrom, Barnes & Noble, Express, Lowe's, GameStop, Office Depot, Regal Cinemas and Jamba Juice, to name a few. Users pay in crypto via the app and the retailer receives USD after Gemini converts it on the backend during the transaction. -COIN DESK       A MESSAGE FROM LINODE Need a server up and running today? Have your choice of Linux distro, resources, and node location and instantly deploy an SSD server in the Linode Cloud. Now offering Dedicated CPU instances, designed for all high performance computing needs.  Here's $20 worth of hosting on us to get you started. 3. From The Forums: Leigh Cuen a news reporter for Coin Desk tweeted to her followers "What has your #Consensus2019 experience been like? If you've been to previous #Blockchainweeknyc years, how does it compare? @Iamnomad, a prominent crypto twitter influencer, responded with a burn by saying "All of the exciting news and tweets aren't coming from Consensus. Certainly not looking good"       4. The Best Dressed Award during New York Blockchain Week goes to a gentlemen who was dressed down in a crypto kitties onesie with the hat to match!       A MESSAGE FROM MELISSA Are you addressing the elephant in your business? Ignoring it can cost 10-25% of revenue. The best way to deal with the elephant that takes up residence in every business – name it and tame it! Bad data is bad for business – and it only grows bigger. Melissa can help with address and data verification APIs to keep valuable customer data clean and standardized. Address the elephant today and we'll throw in a free pair of Elephant socks! Sign up for a demo account 5. Joe Weisenthal, an editor at Bloomberg Business, tweeted last week that Ethereum prices the past three years rose prior to Consensus, will do the same this year, and provided proof of his prediction. -@TheStalwart 6. On stage at Consensus, Brian Armstrong, the CEO of Coinbase, stated that Coinbase Custody is managing $1 billion from institutional investors. -COINDESK 7. Less Lambos and more suits appeared at Consensus this year as the industry crypto conference gets more serious. -COINDESK 8. Justin Sun, the founder of Tron, announced a partnership with Opera integrating TRX within the web browser's crypto wallet. -TRON 9. The price of bitcoin surged past $8,000 during New York Blockchain week as company partnerships and product launches were announced. -COINDESK 10. Crypto Kitties announced it is launching a new game called Cheese Wizards. -HACKEPRENER       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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May 17, 2019 COURT ORDER:  A New York Supreme Court judge modified a preliminary injunction secured by the New York Attorney General’s office Thursday, ordering Tether to stop transferring any funds to Bitfinex, among other details. However, both Tether and Bitfinex are now allowed to use their funds for their normal operational purposes, which could mean Tether can invest its reserves in different vehicles, as it has hinted in the past. Separately, Bitfinex announced Thursday that it would list its new LEO token on its exchange Monday, as part of an effort to make up its $850 million shortfall. Full Stories PONZI SCHEME? The OneCoin crypto investment project, which has been accused by nearly 20 countries of being a ponzi scheme, told the Samoa Observer that it is neither that, nor a pyramid scheme. In a statement, OneCoin pointed to the dictionary definitions of each, noting that its “Independent Marketing Agents” are not contractually obligated to recruit other members. Full Story ETH WHALES: A third of all ether, ethereum’s native cryptocurrency, is owned by just 376 whales as of May 1. A new study from blockchain analysis startup Chainalysis indicates that, while these 376 individuals control 33 percent of the circulating supply in 2019, that number is actually down from levels seen in 2016 and 2017. The research also found these whales have “no meaningful” impact on the ETH price, but they do increase intraday volatility in the cryptocurrency market when they make large sell-offs. Full Story LATAM EXCHANGE: Ripio, a startup that's been working to boost crypto adoption in Argentina, is opening a new exchange platform for three Latin American markets. The exchange will operate in Argentina, Brazil and Mexico, though due to regulatory hurdles, only fixed-price purchases will be available for Mexican users, Ripio CEO Sebastian Serrano told CoinDesk at Consensus 2019. The company already offers a crypto wallet and peer-to-peer lending services. It's also launching over-the-counter (OTC) trading for institutional investors alongside the exchange. Full Story SNAKES AND LADDERS: Bitcoin's bounce from the sharp drop to below $6,200 seen early today could be short-lived, as the daily chart is signaling a near-term bearish reversal. Any fall back below $7,000, however, may be preceded by a retest of the former support-turned-resistance of $7,619. A rejection there would further strengthen the bearish view. Full Story BEST OF THE BEST SCIENCE CHAIN: A new blockchain network called Bloxberg aims to make it possible to secure scientific information online while removing any risk of manipulation, according to Phys.org. Kicked off earlier this year by the Max Planck Digital Library and 11 other research facilities across 10 countries, Bloxberg is secured by validation nodes that can only be operated by scientific centres. "We ourselves were very surprised to learn that there has as yet been no global approach such as Bloxberg to meet these needs within the scientific community," says Friederike Kleinfercher of Digital Labs. THE REST DO GOOD: IBM has set out five principles as a guide for how enterprises can build “trusted and transparent” blockchains that act for the general good. In a blog post, the company said, “Good technology is a product of more than just sheer ingenuity; it is a reflection of the will to do the right thing.” Among its 5 key tenets, IBM said “Open is better,” “Permissioned doesn’t mean private” and “Governance is a team sport.” CRIME & PUNISHMENT: A member of a group of SIM-swapping criminal gang called “The Community” could be handed a sentence of more than 100 years in prison, The Next Web reports. Having allegedly been involved in stealing $2 million in cryptocurrencies, the Irish, 20-year-old man faces extradition to the U.S. Court documents from Michigan also list five other members of The Community who face similar charges.   WHO WON #CRYPTOTWITTER Copyright © 2019 CoinDesk, All rights reserved.  Our mailing address is:  250 Park Avenue South New York, NY, 10003, US  Want to change how you receive these emails? You can update your preferences or unsubscribe from this list