Bullying / Tippin.me Endorsement / Bitcoin Supply / Los Angeles Kings

Subscribe | View in browser $BTC (1:32 p.m. EST): $3,994.08 (1.21%) // 90-day high: $6,286.41 // 90-day low: $3,286.14 / / More… $BCH ABC (1:32 p.m. EST): $144.10 (1.23%) // 90-day high: $432.88// 90-day low: $80.95 // More… $ETH (1:32 p.m. EST): $148.90 (2.62%) // 90-day high: $201.35 // 90-day low: $86.08 // More… $LTC (1:33 p.m. EST): $49.48 (0.95%) // 90-day high: $49.19 // 90-day low: $22.09 // More… $XRP (1:33 p.m. EST): $0.32 (0.58%) // 90-day high: $0.52 // 90-day low: $0.28 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Several prominent ethereum community leaders wrote an open letter speaking out against the "toxic" behavior that led to the resignation of Parity's Afri Schoedon. The letter condemns the actions taken against Schoedon and brings attention to the cyber bullying that has at times been rampant in the cryptocurrency ecosystem. "It should also be said that the Ethereum network is built, maintained and scaled by humans," the letter says. "We must preserve the mental and emotional health of those humans—especially as they labor through their nights, weekends, often without pay, in order to manifest the mission and vision of Ethereum." –CCN       2. Twitter CEO Jack Dorsey tweeted an endorsement of the Tippin.me button, a recently launched tool that allows content creators to more easily accept cryptocurrency. Dorsey tweeted on Wednesday, "I hooked this up and already got tipped some satoshis" along with a link to the tool. Tippin.me allows people to add a button to things like their Twitter account or personal web page that allow people to send them cryptocurrency "tips." By tweeting a link to his more than 4 million followers, Dorsey has helped spread word of the payment tool. Dorsey has been a vocal proponent of cryptocurrency of late, routinely praising it during interviews as part of a recent media tour. –CRYPTO VEST       Ad Engineers Build Business with GitPrime Ship faster because you know more, not because you're rushing. GitPrime aggregates historical git data into easy to understand insights and reports, to help make engineering teams more successful. Debug your development process with objective data. Get started today. 3. Wladimir van der Laan, the head of bitcoin's most widely used software, said "no one in their right mind proposes changing bitcoin's monetary policy." The comments, posted on Twitter, came following a week of online debate over bitcoin's supply. Matt Huong, a noted developer, had floated the idea of increasing the supply of bitcoins in circulation as a possible way to reduce fees. Huong's comments were made lightly but an intense argument developed as a result. "[Raising the supply] is anti-economic, [and it] goes against human psychology," van der Laan said. "I don't think people will generally choose to deliberately devaluate something they own." –COINDESK       4. The Los Angeles Kings have partnered with augmented reality startup Pro Exp Media to launch a blockchain-based tool that tracks the authenticity of sports merchandise. The Kings did not discuss how the tool works, only that it will use blockchain so buyers of game-used items can be assured that it is authentic. There was no mention of the Kings using additional blockchain-based features for fans, such as creating their own token or rewards token. The Kings neighbor in Southern California, the Los Angeles Dodgers, for instance, launched collectible tokens on the ethereum network last year. –COIN TELEGRAPH       Ad Build Proficiency with IoT while Exploring Azure IoT Tools and Technologies Developing applications for the Internet of Things is a balancing act. From avoiding business interruptions to factoring in security, there's a lot to consider. Find the resources you need to work through technical challenges in one, convenient place.   5. VIDEO: Jesse Lund, IBM's vice president of blockchain and digital currencies, explains why he thinks bitcoin could one day hit $1 million per coin. –CCN 6. Go crazy: The Next Web has a history of cryptocurrency and blockchain white papers. –THE NEXT WEB 7. Coin Central digs deep into the latest changes litecoin made in order to become the perfect form of money. –COIN CENTRAL 8. Criminals made more than $300,000 with an email-related blackmail scheme that involved victims sending bitcoin in return for keeping their online history secret. –THE NEXT WEB 9. OKEx listed XRP and Bitcoin Cash on its customer-to-customer trading platform. –COIN TELEGRAPH 10. The 2nd Annual Atlanta Blockchain Meetup Conference drew more than 3,000 members. –FORBES       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) and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).       Ad A reimagined Jira Software. Simpler and more powerful than ever before. Learn more.

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February 22, 2019 SET SUPPLY: Wladimir van der Laan, the lead maintainer of bitcoin's most widely used software, has harsh words for those engaged in an ongoing debate about whether the cryptocurrency's finite supply will ever be increased. The normally soft-spoken developer from the Netherlands responded fiercely to the idea on Twitter last week. Specifically responding to allegations that bitcoin’s developer team was planning to increase the supply, he declared: “This is bullshit. It’s sad that this needs to be said, but no one in their right mind proposes changing bitcoin’s monetary policy.” Despite the fact that the software is programmed to issue 21 million bitcoins, deliberately making it a scarce asset, that hasn't stopped speculation over the years that an adjustment might be needed.  In an interview with CoinDesk, van der Laan said: “[Raising the supply] is anti-economic, [and it] goes against human psychology. I don’t think people will generally choose to deliberately devaluate something they own. Let alone when the price is already at a low.” Full Story​ FIRST LOOK: A hands-on preview of Samsung's just unveiled flagship phone, the Galaxy S10, reveals new details of the device's upcoming crypto features. The first official specs of the phone were announced in the U.S. on Wednesday, but only a brief mention was made of its ability to store cryptocurrency private keys. However, CoinDesk Korea managed to review the device at Samsung’s flagship D’light store in Seocho-Gu, Seoul. The phone’s“Blockchain Keystore” app broadly allows three features: payments to merchants, digital signatures and crypto storage and transfers, so far at least. One of the screens however shows a menu option for decentralized apps (dapps), meaning third-party services will likely be integrated in the future. It also has a wallet app that the review indicates supports bitcoin and ether by default and has an “add” button for other cryptos that are yet to be confirmed. If the phone is lost or stolen, users can (perhaps controversially) access the device and delete the key through Samsung’s Find My Mobile service. Further, if a private key is accidentally deleted, users can restore it via the service. There’s also a hint in the T&Cs that, in future, the Keystore app might link to Samsung Pay. Full Story TRADING BOOM: Patrick Byrne, the CEO of Overstock, believes a market boom for its security trading platform tZERO lies just around the corner. Speaking to CoinDesk in an interview Wednesday, Byrne said he expected volumes to soar after the year-long lock-up period for the tZERO Preferred (TZROP) token ends in August and the platform opens up to retail investors to register and trade. Right now, only accredited investors can do that. So far, the daily volume on the platform has been fluctuating between 7,000 and 30,000 units of TZROP – the sole listed asset for now. At current prices, that amounts to less than $200,000 a day, hardly Nasdaq levels. TZERO is also looking into getting more broker-dealers to work with, other than Dinosaur Financial Group, which is maintaining the trading exclusively now. For that, the firm will have to get approvals for each one with U.S. regulators, Byrne said, which could slow down the process. “FINRA and SEC made it clear that they want to see this work with one broker. We’re into an incremental disruption, not like you millennials that want everything burned down tomorrow,” Byrne told CoinDesk. Full Story CRYPTO INVESTMENT: The University of Michigan, which has an endowment valued at about $12 billion, is considering further investing in Andreessen Horowitz’s crypto fund, a16z. According to a board of regents meeting agenda published Tuesday, the university previously committed $3 million to Horowitz’s $300 million crypto fund in June 2018 and is now looking at follow-up investments. It did not disclose how much might be invested. The meeting agenda further added that “as opportunities related to crypto networks transition from being undefined to becoming more visible and sharply defined, the need for a separate thematic fund may recede.” Andreessen Horowitz launched the $300 million fund last year to focus on investing in cryptocurrency-related technology companies at different stages. The fund also reportedly attracted participation from Yale University. Full Story​ BREAKOUT BUILDING? Bitcoin's low-volume price consolidation in the last few days has taken the shape of a bull flag on the 4-hour chart. A break above $3,930 would confirm a flag breakout and open the doors to $4,330 (target as per the measured move method). With the momentum studies on the longer duration charts having turned bullish, a flag breakout looks likely. That said, another rejection at $4,000 could yield a pullback to the 100-day MA, currently below $3,800. Full Story BEST OF THE BEST   KOREA HERALD: South Korea is waiting for the U.S. SEC’s decision on bitcoin exchange-traded funds (ETFs) before making any move on the issue itself, according to a report from The Korea Herald.  An anonymous official from the country's main stock exchange operator Korea Exchange told the news source: "The US has been the front-runner on the cryptocurrency market and related derivatives, and there are strong voices supporting the launch of bitcoin ETFs within the market – which is why we are observing the progress and response of the [SEC]'s decision on bitcoin ETFs."  The Korea Exchange has also been discussing providing the “solid” index required for a crypto ETF launch when the time comes, the official added. Local experts quoted in the report believe that eventually institutions will find a way to build a safe platform for bitcoin ETFs in the country, given the interest in the blockchain technology. THE REST PAGE SIX: Famed ex-madam and columnist Heidi Fleiss says she’s lost millions by allowing her former friend Elizabeth Keatinge take charge of her bitcoin investments, according to a report from Page Six. Keatinge traded the cryptocurrency on Fleiss’ behalf and is claimed to have lost roughly $1 million that Fleiss inherited from her father. Fleiss is now suing Keatinge for $4 million – the original investment, plus lost profits – claiming that Keatinge stopped returning her calls and disappeared. Fleiss called crypto her “best move and worst move all in one, financially,” because she bought bitcoin at $600, and it later rose to around $20,000. ECONOMIC TIMES: Blockchain startups in India are facing a local talent crunch and hiring experienced freelancers from other countries as a result, according to The Economic Times. Only 200-400 blockchain professionals out of 1,500-2,000 are reportedly fully  skilled in the core architecture. "With around 1,000 job openings, if only 400 are employable, the mismatch in supply and demand is clear," Akshay Aggarwal, who runs a community of blockchain enthusiasts, said in the report. “You will get a number of developers who can build smart contracts, but to find someone who can start from scratch is where the real issue is,” he added. Blockchain startup Chainex, for instance, has hired freelancers mostly from Russia and China, its founder Alay Mehta told the news source. An additional issue, he said, was that local talent costs more to hire because of the shortfall. 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

The next wave? 🌊

February 22, 2019

ARCHIVE

QUOTE OF THE DAY

"[Bitcoin] is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot's of people will build businesses on top of that."

- Eric Schmidt

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MARKET

COIN	PRICE	24H
BTC	$3,979.09	+ 0.68%
ETH	$147.89	+ 1.65%
XRP	$0.321034	- 0.39%
EOS	$3.86	+ 2.79%
LTC	$49.19	- 0.03%

*Information as of 10:30 AM EST

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ADOPTION

University of Michigan Endowment Considers Further Investment in Crypto

While some crypto fund managers are heading for the hills, Chief Investment Officer Erik Lundberg is considering doubling down on the asset class using the $12 billion University of Michigan endowment.

In a published board of regents meeting agenda, the endowment had previously committed $3 million to Andreessen Horowitz's $300 million crypto fund, but is now looking to increase investments.

That aligns well with Lundberg's comments last October when he revealed that performance was "sufficient to sustain and grow the endowment in real terms, net of spending."

Not the first endowment

Outside of the University of Michigan, Harvard and Yale have also allocated endowment money to crypto-related technologies.

According to Inside Higher Ed, 802 prominent universities around the U.S. held an estimated $616.5 billion in total endowment funds.

Welcoming pensions

But that's peanuts compared to public pension funds.

According to the National Association of State Retirement Administrators, public pensions held $4.41 trillion in assets in 2018.

If these funds begin to roll into the industry, it could have significant effects.

Just last week, Morgan Creek Digital secured $40 million from a wide variety of investors including the Fairfax County, Virginia's Police Officer's Retirement System and the Employees' Retirement System.

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REGULATION

FBI is Now Questioning Victims of the BitConnect Ponzi Scheme

In a notice posted on its website, the Federal Bureau of Investigation (FBI) is asking for those who invested in the BitConnect coin (BCC) to take a questionnaire.

The responses would be "useful" for the ongoing investigation that started months after BitConnect's lending platform collapsed and left investors with worthless coins.

Who is responsible?

The project's death left fingers pointing each and every way about who was to blame.

Some argue that popular influencers who promoted the scheme should be punished and charged for misleading investors.

However, one of the largest promoters, Trevon James, dismissed the accusations and denied his involvement:

"I'm glad that I don't know anything, so that means there's no proof that I knew anything."

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EXCHANGE

Coinbase CEO: QuadrigaCX Probably Didn't Exit Scam

Coinbase CEO Brian Armstrong took to Twitter yesterday to share his thoughts about the QuadrigaCX debacle that shook the industry this month.

In the thread, Armstrong explained that the exchange was "one of the oldest exchanges in existence" and likely didn't exit scam.

He then continued to explain Coinbase's research surrounding the event and concluded that the exchange could have used the CEO's recent death as a way to cover poor exchange management and sink the business at the same time.

But these claims are all speculation.

For now, creditors and exchange management are in an all out war to claim the $190 million lost - a battle that probably won't end anytime soon.

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BITS

But wait, there's more...

• 🚀 Thailand has approved the issuance and trading of blockchain securities.
• 💰 Angellist spin-off Coinlist is ready to launch its first token sale of 2019.
• ❄️ Crypto winter erased speculators and brought in real builders, says Reddit co-founder.

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