Friday, September 14, 2018

Mystery Continues / CoinMarketCap / Cruiseship Argument / Sharding

Subscribe | View in browser

$BTC (1:18 p.m. EST): $6,514.25 (0.12%) // 90-day high: $8,245.16 // 90-day low: $5,889.64/ / More

$BCH (1:19 p.m. EST): $452.88 (-0.85%) // 90-day high: $872.84// 90-day low: $420.58 // More

$ETH (1:19 p.m. EST): $213.98 (3.58%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (1:20 p.m. EST): $55.57 (1.50%) // 90-day high: $107.31 // 90-day low: $49.35 // More

$XRP (1:20 p.m. EST): $0.27 (-1.73%) // 90-day high: $0.57 // 90-day low: $0.22 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

Facebook gray   Twitter gray   Email gray   Permalink gray

1. Mystery still surrounds a number of large bitcoin transactions last week that some believe fueled a large crypto selloff. A bitcoin whale moved $320 million of bitcoin into a number of accounts previously held by the user, Dread Pirate Roberts. The accounts had previously been tied to the Silk Road online marketplace, but had laid dormant for more than four years. As expected, amateur sleuths tried to figure out why and speculation has run rampant. At this point, though, no one knows much of anything. –BLOOMBERG

Facebook gray   Twitter gray   Email gray   Permalink gray

2. 60 percent of CoinMarketCap users would like to vote for projects or exchanges to be listed on the site. CoinMarketCap sent out a Twitter survey earlier this week asking that question, raising speculation that the platform has internally debated that issue. CoinMarketCap came under scrutiny earlier this year when it delisted South Korean exchanges, causing rapid jumps in the price of cryptocurrencies. Allowing users to vote on projects would absolve the company of "abusing trust" when it came to listing new projects. –BITCOINIST

CoinMarketCap may let users vote for projects
Facebook gray   Twitter gray   Email gray   Permalink gray

3. A planned debate between Jimmy Song and Roger Ver quickly fell apart during a bitcoin-themed cruise. The two were set to argue the merits of bitcoin and bitcoin cash, but just 37 seconds in the debate turned into a shouting match. It ended with Ver taking a microphone before his turn and Song storming off stage. There is more to it than that, but luckily someone took video of the full encounter. –MASHABLE

Song, Ver debated aboard cruise shit gets ugly
Facebook gray   Twitter gray   Email gray   Permalink gray

4. Ethereum's Vlad Zamfir claims to have coded a successful proof-of-concept for sharding. Built with the help of other developers, the code is said to demonstrate how different ethereum shards may be able to someday communicate on the blockchain. Sharding is a concept that some believe could help ethereum scale, although it is a difficult technology to implement. Zamfir said that his proof-of-concept is "not even close" to production ready. –COINDESK

Ethereal completes proof-of-concept for sharding
Facebook gray   Twitter gray   Email gray   Permalink gray

5. Sonny Singh, the chief commercial officer for bitcoin, said altcoins will not recover from the recent downturn. He does believe bitcoin will come back strong, but believes altcoins are ultimately doomed. –COIN TELEGRAPH

6. Yahoo Finance has integrated cryptocurrency trading of bitcoin, litecoin, ethereum, and dogecoin. Crypto trades are only available on Yahoo Finance's iOS mobile app with plans to add desktop trading in the future. –INVESTOPEDIA

7. Authorities in Thailand have given Prinya Jaravijit, the believed mastermind of a scheme that stole $24 million from a Finnish investor, until September 17 to surrender. If Jaravijit does not meet the deadline, authorities plan to start extradition procedures. –CCN

8. BitGo CEO Mike Belshe said bitcoin needs fresh capital to continues its growth. Luckily, he said, Wall Street will soon be coming in. –NEWS BTC

9. In this video, ethereum co-founder Vitalik Buterin discusses which blockchains he sees as the most capable of self-improvement. The chains he named all have off-chain governance. –DAILY HODL

10. Bitcoin continues to see record volumes across South America. It is not surprising as a number of countries on the continent have faced economic crisis in recent months. –BITCOINIST

Facebook gray   Twitter gray   Email gray   Permalink gray

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: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

Facebook gray   Twitter gray   Email gray   Permalink gray
Copyright © 2018 Inside.com, All rights reserved.

Our mailing address is:
Inside.com
767 Bryant St. #203
San Francisco, CA 94107



Did someone forward this email to you? Head over to inside.com to get your very own free subscription!

You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.

Sharding, Garza and R3

To view this email as a web page, go here.

Sponsored by
 
September 14, 2018

SHARD BY SHARD: Vlad Zamfir says he and other developers have done a successful proof-of-concept for sharding, one of the most hotly anticipated solutions for ethereum's scaling challenges. 

While the code is "not even close" to production-ready, Zamfir says, it's significant for demonstrating that ether and other data can be securely sent across a blockchain that's been broken up into pieces, or sharded. Full Story

CRIME AND PUNISHMENT: Josh Garza, the CEO of the now-defunct cryptocurrency mining company GAW Miners, has been sentenced to 21 months in prison after pleading guilty to a wire fraud charge.

The verdict ended an investigation that started in 2014, with allegations that GAW was acting as a Ponzi scheme by selling more cryptocurrency mining processing power than the firm actually possessed.

Also, GAW infamously released cryptocurrency called paycoin with a promise that the price won't go lower than $20, which ultimately failed. A U.S. district judge held Garza liable for more than $9 million. Full Story

ALIVE AND WELL? Reports of R3's financial struggles notwithstanding, it's clear there's a vibrant community around its open-source enterprise blockchain platform, Corda.

CordaCon, the startup's annual forum in London for developers and adopters, was packed, with standing room only for some sessions. Noteworthy announcements included the launch of Corda Marketplace, "a pseudo app store" for solutions on Corda (CorDapps), and the U.K. government's HM Land Registry choosing Corda to digitize the house buying process. 

But perhaps the biggest bragging point for R3 was the presence of consortiums from the insurance and trade finance industries (B3i and TradeIX, respectively), both converts to Corda from rival platform Hyperledger Fabric. Full Story



The results are in from yesterday's poll. It turns out that 50 percent of voters considered the "Store of Value" aspect as the most likely one to drive user adoption in bitcoin.

It was followed by 31 percent for "Medium of Exchange" and 19 percent for "Censorship Resistance."

For more research insights check out the CoinDesk Research section here.
SPONSOR SECTION
 


We made the first blockchain-recorded property deal in California a reality via our proprietary Transaction Platform. If you are looking to diversify your portfolio, we can help you find and securely pay with crypto for an investment property anywhere in the world. Visit our website for new opportunities.
 
COMEBACK: Daily trading volume for ether hit a 12-month high on Bitfinex and its highest level since July across all exchanges. This suggests investors have been buying the recent dip below $200, boding well for a sustained price recovery. Full Story
BEST OF THE BEST

MASHABLE: The outlet describes a hilarious scene on board a blockchain-themed sea cruise where bitcoin developer Jimmy Song and bitcoin cash evangelist Roger Ver were expected to debate, but ended up fighting over whether Ver would get a one-minute introduction before the start of the event.

THE REST

CNBC: The news network offers a short interview about cryptocurrencies with the U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo.

Reiterating what he has been saying over the past few months, Giancarlo says that the internet flourished because the government applied a "do no harm" approach to it — and it should do the same with cryptocurrencies. 

GOVERNMENT TECHNOLOGY: The city of Austin, Austin-Travis County Emergency Medical Services, and Dell Medical School at the University of Texas are working to develop a blockchain-powered ID system for the homeless.

The system will gather digital copies of an individual's records and IDs under one cellphone number or email address. The project secured a $100,000 grant from The Mayor's Challenge. 

OREGON BUSINESS: Oregon's state economic development agency partnered with R/GA Ventures, Nike, OHSU, Intel and blockchain research firm Smith & Crown to create an incubator for blockchain startups in the Beaver State.

With a regular influx of $3 million a year from investors, the Oregon Blockchain Venture Studio hopes to nurture 20 to 30 companies in the next three years.
 


We've launched our new podcast, Late Confirmation, which are the top stories in the blockchain world, delivered daily from the team at CoinDesk, sponsored by the Oxford Blockchain Programme. 

Listen to Latest Episode and Subscribe
 

WHO WON #CRYPTOTWITTER

 
Facebook
Twitter
Instagram
LinkedIn
Copyright © 2018 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