The Reserve

in #bitcoin7 years ago

26 December 2017 | SUBSCRIBE 


// CRYPTO’S BANK CORRUPT?

Coinbase decided to surprise launch the 4th asset in its app this week - Bitcoin Cash - actually acting against the expectations it had set for the market that this would occur in the new year. An irresponsible move. 

Coinbase and its trading platform GDAX have also continued to intermittently be down, with trading often suspended and buy/sell functionality often failing. And it looks likely employees have been using their knowledge of the imminent launch for personal gain - Coinbase has launched an internal investigation into insider trading. Even if no evidence is uncovered, it is wrife in the sector. 

It’s worth reflecting on the irony: a majority of crypto users do not hold their own funds, instead trusting third parties - like coinbase - that blockchain was designed to remove, to do so. In the process these banks charge exceedingly large fees, have centralised control and risk, and have made themselves the middleman.

Happy holidays!


// MUST READS

// PRICING SUMMARY

// DISASTER OF THE WEEK

A South Korean exchange, Youbit, has declared bankruptcy after suffering an attack, the second this year, in which 17% of all assets were lost.

// TRACTION

// ROAD TO REGULATION

// ICOS

Last week highlights:

  • Theta raised $12m for a blockchain powered video streaming network.
  • Neufund raised $12.6m for a community-owned fundraising platform.

Upcoming:

  • Skara - January 23, 2018 - An existing blockchain gaming economy.
  • Chainium - 25 Dec, 2017 - Equity market based on blockchain.
  • Car vertical - Dec 26, 2017 - A blockchain-based car history registry.

// OTHER

The tax nightmare of bitcoin forks. Coinbase released bitcoin cash into many customers accounts earlier than expected.

// EVENTS

Dubai International Blockchain Summit - Dubai, United Arab Emirates - January 8, 2018

d10e Exploring the Future - Cayman Islands  - January 27-30, 2018

World Crypto Economic Forum - San Francisco, USA - January 15-16, 2018

CoinFestUK 2018 - Manchester, United Kingdom - April 4, 2018  


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