Your daily snapshot from our OnChainFX markets dashboard.
Thanks to all of you, our supporters, who made this the best week, month, and quarter at Messari so far.
Weâre just getting started, and we appreciate you.
Have a great weekend!
đ Messariâs weekend reads:
Why 2020 could create the perfect storm for bitcoin's price - Kyle Torpey
The rise of the stable coins - Will they be the next to endure regulatory scrutiny from the SEC? - Gerald Fenech
Crypto doesnât need to âCross The Chasm.â We need help climbing out. - Joshua MarriageÂ
The case for monopolistic competition in monetary regimes - TK-MACRO RESEARCH
The Past & Future of Blockchain: Where weâre going and why - Spencer Bogart
Inside the secret dinners where congress figures out how to stop a nuclear apocalypse - Sam Brodey
This week we were joined by Kain Warwick and Justin Moses of Synthetix to talk about how the protocol evolved to a synthetic assets platform, DeFi adoption, and more. Make sure you check out the transcript if you missed it.
Anyone can join our community Telegram to catch our weekly AMAs or just chat with the Messari team.
And now on to some updates from our Registry members.
â Updates from the Messari Registry Members:
Blockstack introduced the Clarity smart contract language that optimizes for predictability and security
Decent and Vericred Platform partnered to distribute affordable Health Insurance to the self-employed
Kik and the Blockchain Association announced that the D.C.-based lobbyist group would be taking over âDefend Cryptoâ
LTO Network announced Proofi, a new digital signature system.Â
Mainframe released its latest roadmap for Mainframe OS
Maker Foundation announced the 7 first Collateral Types and a list of critical milestones that must be achieved before MCD goes live
Metronome announced that cross-blockchain âchainhopâ MET transfers between Ethereum and Ethereum Classic are now enabled.
Waves released its programming language RIDE to support full dapp development.
Have a good weekend yâall.
- 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] Competing (semi)-selfish miners in Bitcoin - Marmolejo-CossĂo, et al (June 2019)
Game theory underwriting Bitcoin ($BTC) mining assumes a tendency towards honesty, according to a recent Oxford research publication. Adversarial means of earning mining income exist like selfish mining or semi-selfish mining (SSM). SSM involves miners secretly working private blocks of no longer than two based on hash rate conditions. If one or more miners deviate toward selfish of SSM on perceived monetary incentives, the Bitcoin state becomes less secure. (share or read more)
[Analysis] Gemini is Chicago-bound after Coinbaseâs exit, but who made the right move? - Frank Chaparro
Gemini's decision to add a Chicago office as rival exchange Coinbase shuts its own branch down leads to business strategy questions, according to The Block's Frank Chaparro. Gemini picked up five former Coinbase engineers to develop what Coinbase axed, a high speed, low latency matching engine. A recent purchase surge also knocked Coinbase offline for ten minutes but have industry insiders unconcerned. Coinbase Pro was still working, the login feature merely failed. According to industry insiders, Gemini could be leaning the wrong way by increasing speed when the question is reliability and adoption. (share or read more)
Quick Bits (Don't read that, I read it for you)
Choke Points (Exchange News)
Singaporean crypto exchange Bitrue was hacked to the tune of $4.3 million with 9.3 million XRP ($XRP) and 2.5 million Cardano ($ADA) being swiped off the exchanges hot wallet. Bitrue said 90 users were affected and funds will be returned to users shortly. (share or read more)
Crypto exchange Gemini has hired five former Coinbase engineers recently let go after the latter exchange axed its Chicago campus, according to CoinDesk. The engineers have 'deep' experience with matching engines and custody solutions for professional trading per Gemini's CEO Tyler Winklevoss. The Chicago office addition brings Gemini's physical locations to three, joining Portland and New York City. (share or read more)
Startup Signals (ICOs, Cryptos, and Startups)
Galaxy Digital EOS ($EOS) Venture Fund and DocuSign led a recent Series A funding round netting $5.5 million for digital contract company Clause. Clause provides blockchain and non-blockchain-based contract services run on PayPal or Stripe. DocuSign and Clause plan on adding features Clause-based features to DocuSign. (share or read more)
The Web3 Foundation concluded a private sale of 500,000 Polkadot (DOT) tokens or five percent of its total supply at a $1.2 billion firm valuation. The total raised remains undisclosed, although the non-profit was shooting for $60 million. The last DOT sale by Web3 occured in Oct. 2017 with $145 million DOT sold at $30 per token. (share or read more)
The Powers That Be (Legal/Reg/Policy)
Two Bitcoin ($BTC) mining farms were seized by Iranian officials following an energy spike to one megawatt, according to Reuters. Illegal farms using state-sponsored energy are the culprit for a seven percent increase in energy usage from June 1st through the 21st per an Energy Ministry spokesperson. (share or read more)
Did I miss something?
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