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BOWING OUT: The recently-named architect for Facebook’s secretive blockchain strategy is stepping down from the board of cryptocurrency exchange startup Coinbase.
David Marcus joined the board in December 2017, when he was still the social media giant's vice president of messaging products. Less than five months later, Marcus was appointed to lead a new dedicated team within Facebook focused specifically on blockchain.
In a statement Friday, Marcus acknowledged that work as the reason behind his exit.
“Because of the new group I’m setting up at Facebook around Blockchain, I’ve decided it was appropriate for me to resign from the Coinbase board,” Marcus said. Full story
FORKING OFF: The cryptocurrency community is showing off its competitive streak once more.
As CoinDesk’s David Floyd reports, tensions over the direction and trajectory of the EOS network have led several groups to “fork” away – that is, use the project’s underlying code to create wholly new blockchains.
"I'm a really big believer in the potential of EOS and of EOSIO software, and I came to believe that it was on a bad path,” Douglas Horn, who has proposed an offshoot called Telos, tells CoinDesk.
What it means for the broader ecosystem remains to be seen, but as it stands, some stakeholders are betting that alternative approaches can help avoid some of the governance squabbles that have emerged since the EOS launch in June – and that there’s an appetite for competing blockchains. Full story
BUSY BEES: After debuting in open beta in June, Honeyminer now says that its user base has swelled to 50,000. Notably, the company claims that a third of that number hails from emerging economies.
As profiled last month by CoinDesk's Leigh Cuen, Honeyminer's app lets users tap their spare processing power to mine cryptocurrency. It works by using a computer's graphics card (GPU) capacity to mine a series of cryptocurrencies, after which those coins are converted to bitcoin and distributed.
The early results have exceeded the startup's expectations. "We've stumbled into something that was far bigger and more international than we imagined," co-founder Noah Jessop told CoinDesk. Full story |
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 The price of ethereum classic (ETC) has depreciated more than 30 percent against the U.S. dollar since its listing on Coinbase. Let’s take a look at the key performance indicators (KPIs) of ETC compared to ETH this past year: - High levels of exchange volume occurred between April and March, where ETC’s reached 69 percent to that of ETH.
- Onchain transaction volume was more subdued, averaging about 4 percent. It reached a high of 37 percent during the early spring.
- Price maintained an average and median of about 3 percent that of ETH, indicating not much effect from the increased exchange interest.
Learn more crypto research insights here. |
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| | INDECISIVE: Bitcoin's recent range-bound trading indicates the bears are losing steam and the bulls are still reluctant to step in. But watch where the cryptocurrency closes at the end of the day UTC time: if it scales Thursday's close of $6,628, there could be a weekend rally; if it falls below $6,240, we may be looking at $5K territory soon. Full story |
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BEST OF THE BEST
BLOOMBERG: An alleged kindapping for bitcoin ransom, crooked cops, India's demonetization policy and crypto ban, political intrigue, the Bitconnect scandal...this trans-continental investigative story by Bloomberg has it all.
THE REST
CNET: The tech news site holds up TradeLens, the supply chain DLT platform created by IBM and shipping giant Maersk, as a counter-example to the "enterprise blockchain is dying" narrative we've seen elsewhere.
Shipping times have dropped 40% on average for those participating in the platform, IBM's Marie Wieck is quoted as saying.
GIZMODO: Here's a profile of Colorado gubernatiorial candidate Jared Polis, whose platform (in the poitical, not technological sense) is blockchain-friendly. |
 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 the Oxford Blockchain Programme. Listen to Latest Episode and Subscribe |
WHO WON #CRYPTOTWITTER |
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