Your daily snapshot from our OnChainFX markets dashboard.
Its the unofficial last weekend of summer and the Messari team will be off on Monday to celebrate labor day. Don’t worry though, we have an extra long serving of weekend reads to get you through.
Go out and enjoy the warm weather while you can. We will be back on Tuesday with a subscribers only post.
Messari’s weekend reads:
The dawn of hybrid layer 2 protocols - Vitalik Buterin
Crypto monetary policies - Messari
Cross-Chain infrastructure revisited - Syntehtix
Security Coefficient — a measure of short term attack possibilities in PoW and PoS networks - Storecoin
How blockchain networks will disrupt the businesses of today, and signal the end of M & A - Nicolae Rusan
Clovers & continuous economies around algorithms - Simon de la Rouviere
Bitcoin for safety - jameso.be
Casualties due to the blast, heat, and radioactive fallout from various hypothetical nuclear attacks on the United States - William Daugherty, Barbara Levi, PH.D., and Frank Von Hippel, PH.D.
The five technical challenges Cerebras overcame in building the first trillion-transistor chip - Danny Crichton
Over the last few weeks our community analysts have been hard at work building out the “Investopedia” of crypto. More than 80 pages have been completed with many with additional boards to take your learning to the next level.
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.
Ryan will be leading a panel on Market Infrastructure and Data Transparency on September 17, 2019 at the second installment of The Path Forward for Digital Assets in NYC. Check out the event here.
Jack will be at the CoinAlts Fund Symposium in Chicago on September 26. If you will be at the event let us know on Twitter.
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] A national alternative to onerous state-by-state regulation of cryptocurrency intermediaries
The team at Coin Center shares some initial thoughts on how to architect a comprehensive national regime to regulate trusted cryptocurrency intermediaries.
Comprehensive legislation should clearly delineate the jurisdiction of the relevant regulators: designating the CFTC as the single federal regulator for investor protection and prudential regulation of cryptocurrency intermediaries; clarifying the separate jurisdictions of the SEC and the CFTC; and preempting state authority over any federally regulated entities.
Quick Bits (Don't read that, I read it for you)
Startup Signals (ICOs, Cryptos, and Startups)
💵 Investment firm Elwood Asset Management, owned by billionaire hedge fund manager Alan Howard, is planning to launch a $1 billion venture that will invest in cryptocurrency hedge funds. While details of the venture are not yet finalized, it could allow investors to consider factors such as risk appetite, expected returns and liquidity requirements. Accordingly, investors will be presented with a portfolio of funds to invest in, per the report. (share or read more)
⚡️ Rusty Russell, a Bitcoin developer from Blockstream, tweeted on Friday about some security issues that have been discovered "in various lightning projects" which could cause loss of funds. Lightning Network is a scaling protocol for Bitcoin and other proof-of-work blockchains. Russell did not provide specific details on the vulnerabilities, but he added more information will be published in four weeks. (share or read more)
🚀 According to individuals familiar with the project, Telegram will release the code for its Telegram Open Network on the first of September. According to Russian publication Vedomosty the release will include the code itself as well as instructions for setting up a node. The report follows an earlier leak indicating that tokens would be released before the planned date of Oct. 31. (share or read more)
👍 Hedera Hashgraph, an enterprise-focused blockchain platform, is preparing to open its mainnet beta to the general public through an event called Open Access, according to an announcement on Thursday. Starting on September 16, any developer can create an account and begin building dApps on Hedera's platform. Hedera will also begin its 15-year distribution schedule of its native HBAR tokens to investors from its $124 million initial SAFT token offering. (share or read more)
The Powers That Be (Legal/Reg/Policy)
🏛 The U.S. Securities and Exchange Commission (SEC) has settled charges with a token project and its founders for more than $10 million. The SEC alleged that crypto exchange Bitqyck and its founders committed fraud when they sold $13 million worth of Bitqy and BitqyM tokens to more than 13,000 investors. (share or read more)
🇵🇹 Cryptocurrency trading and payments in Portugal are tax-free, according to a report by local business newspaper Jornal de Negócios. The country’s tax authority clarified earlier this week that both cryptocurrency trading in real currencies and remuneration in cryptocurrencies are exempt from value-added tax. (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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