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BITMEX PROBE: Seychelles-based cryptocurrency derivatives exchange BitMEX is reportedly being investigated by the U.S. Commodity Futures Trading Commission (CFTC). On Friday, Bloomberg cited sources as saying that the regulator is investigating whether the exchange has allowed U.S. traders to use its platform without being registered with the agency. The CFTC investigation is “ongoing” and may not lead to misconduct allegations, Bloomberg said. Full story
‘FRIENDLY’ FORK: Today, the privacy-oriented cryptocurrency zcash will spawn a new blockchain network called Ycash. It’ll be the first of its kind to boast a near-identical codebase to the zcash blockchain but function as a separate network and de facto competitor. First announced in April, the effort is spearheaded by long-time zcash supporter Howard Loo, who said Ycash was a preemptive move to resist future community decisions that may extend zcash’s system of developer funding – known as the “Founder’s Reward” – beyond a promised 10 percent cap of total token supply. Full story
WOZ BACKING: Apple co-founder Steve Wozniak has joined a Malta-based blockchain enterprise targeting more efficient use of energy. Speaking at an event on the island Thursday, Wozniak said he has invested in and become a co-founder of EFFORCE – a firm that enables investors to back energy-efficient projects around the world. According to the Malta Independent, Wozniak explained that the firm aims to bring money savings on energy, but also help the environment, a factor he said was important to him. Full story
QUIT CALL: A coalition of consumer advocacy groups has urged the 28 member companies of the Libra Association to quit the Facebook-led cryptocurrency project en masse.An open letter signed by Open Markets Institute, Public Citizen, Revolving Door Project, and Demand Progress Education Fund, said the parties agree with the Geneva-based consortium’s purported aim to extend financial services to the 1.7 billion global underbanked, but cautioned: “Achieving a laudable goal should not be cheapened with a project whose aims are in fact unclear and whose leadership structure is based on fear.” Full story
PAPER CRIME: In a daring, if baffling, evening raid, thieves allegedly broke into the so-called Bitcoin Embassy on Formans Road in the U.K. city of Birmingham on July 15. The attack netted the thieves what looked like, at first, either lengths of receipt tape from a bitcoin ATM – one owned by the decidedly unappetizing sounding Shitcoins Club – or, less likely, a decidedly pessimistic length of toilet paper. Adam Gramowski, CEO of Shitcoins Club, said that the ATM raided was a smaller model, and the thieves were planning to use a cable to pull the ATM from its moorings and out into the street. Full story |
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| MISSED TARGET: While bitcoin has rallied by more than $1,000 in the last 24 hours, the short-term bearish outlook remains intact with prices trading well below key resistance at $11,080. A break above that level may remain elusive amid reports of BitMEX being probed by the U.S. CFTC, and prices could be pushed back below $10,000. While the bearish case would weaken if prices break above $11,080, a bullish revival would be confirmed only if prices print a weekly close (Sunday, UTC) above $12,000. Full story |
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| | HIVE NETWORK: To assist with a project aimed at understanding the reason behind the collapse in bee populations worldwide, tech giant Oracle has turned to blockchain, Forbes reports. The results could be key to stemming an issue that threatens to undermine global food supplies, so Oracle teamed up with the World Bee Project to develop the Hive Network. Remotely collecting data from beehives using IoT sensors, the network passes data into Oracle’s Cloud for analysis that could help researchers. The collaboration is now planning to use blockchain to link up farmers, ultimately up to 500 million of them. |
WHO WON #CRYPTOTWITTER  |
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