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LET THE CHIPS FALL... Securities and Exchange Commission member Hester Peirce has earned the nickname "crypto mom," and legions of new Twitter followers, after dissenting from the SEC's rejection of the Winklevoss brothers' proposed bitcoin ETF.
But in an interview with CoinDesk, she says she simply believes the regulator shouldn't stand on the way of innovations.
"I'm not taking a view whether bitcoin is going to succeed or fail," she said. "I'm excited by the fact that people are thinking of new ways to do things". Full Story
FLY ON THE WALL: Speaking of the SEC, a newly released transcript from a roundtable the regulator held in June showcased the sometimes passionate discussion around cryptocurrencies within the agency. Full Story
HAPPY BIRTHDAY: Bitcoin cash (BCH) is one year old, and despite all the trolling between its adherents and those who stuck with the main bitcoin chain, has seen a robust developers' community built around it.
The splinter currency's larger block size made possible the creation of apps such as social media platforms. Now the idea of ICOs on bitcoin cash is on the table, as the mining giant Bitmain has released a proposal for adding a token mechanism to the blockchain. Full story |
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The key performance indicators (KPIs) for BCH have maintained an average of about ten to twenty percent to those of BTC.
- Exchange volume jumped to >100% of BTC's early on, before settling to lower levels
- On-chain transaction volume remained low but onchain transaction counts have been consistently increasing this past month to 50% levels
- Average fees have stayed low at 2-5% to that of BTC. In other terms, a a few pennies vs. a dollar.
Learn more research insights here. |
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| | A STELLAR MONTH: XLM, the native cryptocurrency of the Stellar network, was the best performing altcoin in June, gaining 40 percent. Full story |
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BEST OF THE BEST
FINANCIAL TIMES: Check out this investigation by the FT's Alphaville team that's made waves on the British political scene.
The paper digs into the close relationship between one British MP and a blockchain startup. Conservative Grant Shapps had to resign from an informal parliamentary group on blockchain and leave a lucrative advisor's position in the startup after FT published its findings.
FT Alphaville discovered that Shapps had been due to receive about about £170,000 of cryptocurrency tokens from the project called OpenBrix for advising it ahead of an ICO.
THE REST
BLOOMBERG: The volume of bitcoin used in commerce is falling, Chainalysis found. After handling $411 million of business in September, the largest 17 crypto merchant-processing services have seen a decline with a recent low of $60 million in May.
SCIENCE NEWS: Archaeologist Scott Fitzpatrick of the University of Oregon notes the similarities between the bitcoin protocol and the way ancient islanders on Yap in western Micronesia used stones as money.
WIRED: Local authorities are getting stricter with crypto mining farms consuming vast announts of electricity.
For example, Plattsburgh, N.Y., a small city near Niagara Falls, has attracted miners who are trying to keep electricity costs at four cents per kilowatt hour or less — and they added nearly $10 to residents' electricity bills for January.
The city answered by banning new farms and raising electricity rates for those already in place. |
 We've launched our new podcast, Late Confirmation, which are the top stories in the blockchain world, delivered daily from the team at CoinDesk, sponsored by Oxford Fintech Programme. Listen to Latest Episode and Subscribe |
WHO WON #CRYPTOTWITTER
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