CRYPTO WEEKLY 9th September 2018 Market News

 

This week, Goldman Sachs announced that it would be scaling back its plans to open a dedicated crypto trading desk, and the crypto markets responded with one of the steepest one-day declines in months.

Winklevoss Brothers Win Patent for Crypto Key Storage System
Crypto exchange Gemini founders Cameron and Tyler Winklevoss have won a patent outlining how it may use air-gapped computers to protect cryptocurrency keys from theft. As part of a security measure, the computers would be isolated except when necessary to transfer assets, essentially acting as a cold storage device.

Meet David Schwartz, the new CTO driving Ripple’s innovation forward
Schwartz started out life at Ripple as its co-founder, but he’s since moved into a CTO role that will see him looking for new ways to continue the company’s mission of disrupting SWIFT, banking’s ultimate middleman.

The world’s first blockchain just might be living on the cover of the New York Times since 1995
Decades before Bitcoin’s invention, two researchers put Surety hashes in print on the front page of the New York Times as an experiment to implement cryptographic seals on physical documents (such as newspapers).

Venezuela is breaking Bitcoin trading records with its new Petro token
After a tepid start, Venezuela’s national cryptocurrency is skyrocketing in usage. Last week saw it rocket past 500M weekly transactions, but the cryptocurrency is coming under criticism for its lack of transparency and excessive government surveillance.

After Goldman rolls back BTC trading plans, the crypto markets are crashing
This week, Goldman Sachs announced that it would be scaling back its plans to open a dedicated crypto trading desk, and the crypto markets responded with one of the steepest one-day declines in months.

Here’s why centralized Proof of Stake is one of Vitalik Buterin’s “7 Deadly Crypto Sins”
As Ethereum continues to forge ahead with scaling its platform, its creator wants to stay away from a centralized Proof of Stake model, as it possesses significant vulnerabilities that could be exploited by hackers.

Bitcoin’s transaction value has hit $1.3t as it passes PayPal and Discover
Despite concerns about scalability, Bitcoin has risen to become one of the most heavily-transacted platforms in the world, and it’s now trailing just behind industry heavyweights like Visa and UnionPay.

Why Bitcoin arbitrage happens, and where you can find it
Contrary to popular belief, arbitrage opportunities are abundant in the world of finance – and nowhere is that more apparent than in the world of crypto. This piece outlines how to identify BTC arbitrage opportunities, and leverage them to your advantage.

Bitcoin’s boom has reached a Canadian ghost town
Ocean Falls, Canada, has less than 100 residents – but its tiny economy is looking for a boost thanks to Bitcoin mining. The case study is illustrative of how crypto mining has the potential to revitalize near-dormant rural communities with access to cheap energy.

COMMUNITY NEWS

  • A great look at who’s building Ethereum 2.0. Link
  • The creator of ‘Proof-of-Stake’ introduces the idea of “specialized hardware”. Link
  • Global Coin Research has built a great recap of the best crypto-related news from across Asia. Link
  • Robinhood aims at IPO as the fintech startup seeks CFO. Link
  • Coinbase Pro has just announced support for crypto trading using GBP. Link
  • Rakuten is acquiring a Bitcoin exchange for $2.4M in its latest acquisition. Link
  • This blockchain startup founded by Deloitte veteran has unveiled a new supply chain platform. Link
  • CoinGate is adding all 4,000 of its merchants to the Lightning Network. Link
  • Cannabis vendor High Times is now accepting crypto for its upcoming IPO. Link
  • Watch live as one Bitcoin holder transfers $100M to a new exchange. Link
  • Ripple is hiring a Creative Director in San Francisco. Link
  • Join the Blockchain World Forum in Beijing on October 25. Link
  • We just added 15 new crypto companies, 73 new ICOs, 41 new crypto events, 1 new crypto investor and 1 new crypto media outlet to CryptoList. Link
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Edited by Chris Osborne in Barcelona (in town? reach out to get a coffee). Reply to this email with feedback and/or suggestions.

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