reading, sleep, self-care, and new a new product!
Your daily snapshot from our OnChainFX markets dashboard.
This week we rolled out beta access to the new Pro Screener for our subscribers. Pro is a powerful way to create and save custom views and apply filters to 600+ assets across 100+ metrics. In the coming months we’ll add advanced multi-series charting and new tools (sector comps tables, alerts, private dashboards for teams) to make the Pro experience even more powerful.
Everyone will be able to sign up for Pro soon, but if you want early access along with our daily research, exclusive Telegram community, and bi-weekly conference calls you can subscribe to Unqualified Opinions today.
Over the last few weeks our community analysts have been hard at work building out the “Investopedia” of crypto. More than 70 pages have been completed with many with additional boards to take your learning to the next level.
Congrats to Max Hinchman for being our top contributor!
The contributions are only picking up, so expect to seem more in the future. We have big things in store for our analysts, and are excited for what’s to come! If you’re interested in joining email firstname.lastname@example.org with some examples of work you’ve written.
Across projects on the Messari Registry there were a few significant updates this week. Check them out on our weekly updates board and remember to create and share your own boards for a chance to be featured in Monday’s newsletter.
Now, onto our weekend reads.
Messari’s weekend reads:
Placeholder considerations: Resources, governance, and legitimacy in NU4 - Chris Burniske
Polkadot: Promise and problems - Tom Shaughnessy
The dollar, not crypto, is a national security issue - Peter C. Earle
Why Bitcoin? - wiz
Notes from Peter Thiel’s speech at the National Conservatism conference on July 14, 2019 - Bonnie Kavoussi
There is no such thing as a 'small' nuclear war (but trump wants mini nukes) - David Axe
Have a good weekend y’all.
- The Messari Team
P.S. Share. Subscribe. Tweet at Messari for feedback, comments, or questions.
Messari Compression Algorithm
Content and thoughts from around the web as summarized by the Messari team.
👎 [Analysis] Democrats more negative than Republicans at House hearing on Facebook’s Libra (July 2019)
Republican representatives were less negative than their Democratic peers during the Financial Services Hearing on Facebook's Libra, per analysis from The Block. Democratic representatives were more likely to ask negative questions based on The Block's "relatively subjective" question association. Overall, 75% of the questions were either neutral or constructive. (share or read more)
🏛 [Analysis] Congressional testimony reveals some faults in Facebook’s digital currency plans (July 2019)
David Marcus' recent hearing before the Senate Banking Committee and House Financial Services Committee raised several holes in Libra, according to TechCrunch. While Marcus tried to sit in the ambiguity of Libra vs. Calibra, lawmakers took issue with Facebook's history. Rep. Alexandria Ocasio-Cortez (NY-D) argued Facebook leveraged the Libra Associations governance model, setting up a dangerous precedent. Unintended but real consequences of Libra include sovereign currency destabilization, said Rep. Maxine Waters (CA-D). Defining the digital currency as an exchange-traded fund and the implications of KYC or platforming were also raised too little response. (share or read more)
Quick Bits (Don't read that, I read it for you)
Choke Points (Exchange News)
🧺 Coinbase's Bundle product has been discontinued per an FAQ on the exchange's website. The product was launched in Sept. 2018 with five cryptos including Bitcoin ($BTC), Bitcoin Cash ($BCH), Ethereum ($ETH), Ethereum Classic ($ETC), and Litecoin ($LTC). (share or read more)
🇸🇨 Bloomberg reports that the U.S. Commodity Futures Trading Commission (CFTC) is investigating crypto exchange BitMEX, according to people familiar with the matter. The months-long CFTC probe is focused on whether BitMEX broke rules by allowing Americans to trade on the platform. (share or read more)
Startup Signals (ICOs, Cryptos, and Startups)
🍴 Friendly Zcash ($ZEC) fork Ycash (YEC) is set to go live tomorrow at 3:00 UTC. Ycash is led by longtime Zcash proponent Howard Loo as a preemptive fix to the founder's rewards fee change. Ycash will cap the founder's reward at a perpetual five percent funneled to the Ycash Foundation. (share or read more)
💧Binance 'discovered' it has been staking customers Stellar Lumens ($XLM) for the past year following wallet recommendations from the Stellar Lumens team. Binance will airdrop 9,500,000 XLM worth $775,000 to XLM holders on Sept. 1st. (share or read more)
The Powers That Be (Legal/Reg/Policy)
🚔 Now defunct crypto exchange WEX's ex-CEO Dmitri Vasilev was arrested in Italy according to the BBC's Russian services. WEX shut down in 2018 following a dispute with a new owner, frozen Ether ($ETH) on Binance, and consumer deposits being locked on WEX. Russia and numerous neighboring countries set up police investigations into the exchange and Vasilev. WEX was once BTC-e, an exchange linked to the Mt.Gox collapse. (share or read more)
🇨🇳 Chinese Securities Network reports that the Hangzhou Internet Court has ruled Bitcoin ($BTC) having the features of property. The court held that Bitcoin has value, scarcity, and disposableness of property, classifying it as 'virtual property.' (share or read more)
Did I miss something?
Send me the link, your twitter handle and your best imitation compression algorithm write up. If I like it, I’ll include your bit next issue (with attribution).
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