Highlights: EOS Constitution rewrite, Facebook warms up to the crypto space, and apparently the internet hasn't yet caught wise to its newest blank slate.
EOS Back to the Drawing Board
Source: Reddit
EOS may be looking to rewrite its Constitution, barely a week after the launch of their mainnet. Following a rough start, co-founder Daniel Larimer says he has “learned a lot about human nature” through watching the week’s events unfold and wants to restructure the governance model so that arbitration is limited to interpreting the intent of smart contract code. He apparently has a blog post in the works to expand on his ideas. While it's unfortunate to see what was touted as an "experiment" be abandoned so quickly, it seems like an appropriate next step.
Pornhub adds TRON, ZenCash
Source: Variety
Pornhub announced today that it will add TRON and ZenCash as payment methods. Pornhub, which also accepts Verge, says cryptocurrencies are “especially viable” in their industry given their anonymous nature, and will presumably look to add more in the future.
Facebook Steps Back from Crypto Ad Bans...
Source: Recode
Facebook is partially reversing an advertising ban on cryptocurrency-related products. According to the source article, “pre-approved” entities will be allowed to advertise on the site, though ICOs are still banned. Business wishing to advertise on Facebook will need to apply and may be required to submit additional information such as licenses to be approved.
...As It Looks To Purchase a Major Exchange?
Source: Independent UK
Facebook’s policy reversal has fueled speculation that the company may be looking purchase the Coinbase exchange. In recent months, Facebook has undergone a significant restructuring, including the formation of a blockchain research department. Such an acquisition would align with Coinbase CEO Brian Armstrong’s vision of mass adoption, as Facebook currently reports over 2 billion users.
Bitcoin Cash To Launch Network Stress Test
Source: StressTest BCC | Twitter | More Twitter
Bitcoin Cash has announced it will conduct a network stress test in early September in order to demonstrate both that the network can handle large amounts of transactions and that zero-confirmation transactions can be safely accepted. BitPico, a Twitter user, responded with his own foregone conclusion that the official stress test would be “faked,” and therefore that he/they plan to launch one of his/their own. BitPico, a Segwit2x supporter, has previously attacked the Lightning Network with success, and seems fairly confident he/they can produce the same outcome.
Lightning Network Sees Low Success Rates in Early Days
Source: The Next Web
Diar, a cryptocurrency research firm, has published a report which suggests that the Lightning Network is only capable of ensuring a 100% success rate for microtransactions - up to about 3 cents. At amounts of $5, the success rate drops to 50%, and as transactions approach $500, the rate drops again to about 1%. Of course, the Lightning Network is still in its infancy, and we would expect these rates to get better over time. The Lightning Network, who responded to the report with criticisms of the methodology, is working on ways to improve these probabilities, including routing technology enhancements and splitting large payments into smaller amounts.
Launch: Stratis Academy
Source: Stratis Academy
The Stratis Academy, a project of the Stratis blockchain platform, has launched. The Stratis Academy aims to “train the next generation of blockchain developers” and will offer courses & resources targeting C# and .NET developers.
Coinbase CEO Crypto Charity Project
Source: GiveCrypto
Coinbase CEO Brian Armstrong has launched GiveCrypto, a nonprofit organization which takes donations in crypto, converts them to fiat, and gives them to people in need. The site claims that they have raised over $1 million to date, and are currently accepting BTC, BCH, ETH, LTC, XRP and ZEC. All donations are tax-deductible.
Huobi Pro Ceasing Services in Japan
Source: CoinDesk
Cryptocurrency exchange Huobi Pro will be suspending its services in Japan beginning July 2nd as a result of not being registered with the country’s Financial Services Agency. Huobi offered no comment on whether it plans to seek such registration, and no details have been given regarding next steps for Japanese consumers with assets on the exchange.
Robinhood Exchange May Add Basic Exchange Feature
Source: Greenhouse
Robinhood, a somewhat curious exchange on which a user can buy and sell Bitcoin but not deposit or withdraw it, is hiring a "Crypto Engineer," indicating that it may be looking to add a wallet to its services. The addition would move Robinhood from a purely speculative exchange to a more traditional model.
Digital Currency Exchange to Acquire Broker-Dealer
Source: Bloomberg
Uphold, a digital currency exchange, will acquire JNK Securities Corp., a New York-based broker-dealer. They will seek approval from the SEC to operate as an Alternative Trading System (ATS) to facilitate trading activities with security tokens.
New Binance Listing: Nebulas & Selfkey
Binance will open trading for Nebulas (NAS) on June 28, 2018, 8:00 UTC. BNB, BTC, and ETH pairs will be available. Trading for Selfkey (KEY) has already opened, with BTC and ETH pairs available.
Binance Deposit Speed Comparison Tool
Source: Anything Crypto
Anything Crypto is now offering a comparison of deposit speeds for different coins on Binance. Marketed as an arbitrage tool, the comparison allows the user to filter the source exchange to see which coins are available, then evaluate hown quickly they can be moved to Binance.
Nano Becoming Increasingly Decentralized
Source: Reddit
Nano is moving towards a truly decentralized network, according to data gathered by a Reddit user, who calculates that under 35% of the voting power is currently being held by “official representatives.” While it would be too soon to label the network as “truly” immune to collusion, the risk appears to be dropping.
Zcash Founder Pulling in Six Figures Monthly
Source: Twitter
The founder of Zcash is reportedly pulling in about $300,000 monthly, according to a presentation of the company’s financials. An interesting bit of trivia, considering that last week we reported on a Zcash wallet developer who a) hadn’t been paid for months of his services, and b) ended up being funded by the Zcash community.
Florida to Establish “Cryptocurrency Chief”
Source: My Florida CFO
Jimmy Patronis, Florida’s Chief Financial Officer, announced in a statement today that he is creating a position to provide oversight for cryptocurrency activities statewide. The “cryptocurrency chief” will supervise ICO registrations under the proper authorities and help shape policy and regulation frameworks regarding digital assets moving forward.
Million LTC Homepage
Source: Million Litecoin Homepage
The Million Litecoin Homepage, the LTC equivalent of Satoshi’s Place or the eponymous non-crypto site, has launched. It has thus far remained conspicuously penis-free, although we suspect it's only a matter of time.
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