//DISASTERS DO NOT MEAN DEATH
With South Korea stalling the global crypto-market this week, Coinbase single handedly disrupting bitcoin transactions, Overstock accepting BCH for prices fixed in BTC, and yet another wallet with a security issue… to mention just a couple of the problems facing the industry this week - you’d be forgiven for thinking it was just one big collective disaster.
But it isn’t. All these disasters represent are (almost) necessary steps on the path towards a fully functioning blockchain-based society. We highlight them as they are good examples of the problems that we must overcome - not because they are impassable roadblocks.
We do, however, also highlight them because there is, at times, a certain innocent naivety of the individuals trying to re-invent the money, governments, and nations that bind and run us. The task is enormous. Treacherous.
And if the market crashes this year? Fine. Good. It’s what the serious players - who are building out 10+ year visions - are prepared for. Left standing will be a stronger, more resilient, future-proof community. It doesn’t matter how many steps backwards are taken - the destination will never change.
// MUST READS
Goldman Sachs says Bitcoin may succeed as real money.
// DISASTER OF THE WEEK
South Korea has probably the highest penetration of cryptocurrency in the world - as well as the world’s biggest exchange by daily volume - and it means that the impact of any crypto-disruption is being felt there, first. It is part of the reason the South Korean government is, well, in disarray at the exact right steps to take.
Tighter regulation - even an outright ban - was proposed by part of the government this week, causing global prices to drop significantly this week - a single Ministry’s words perhaps wiped $200 billion off the industry’s collective market cap.
As mentioned multiple times in the Reserve, Telegram is launching its own cryptocurrency according to Techcrunch ‘scoop’.
A bank dedicated to cryptocurrency and blockchain-based ventures has been created.
ETH asset deposits addresses are offline due the high gas price on Bittrex.
Kodak announces its ICO and triples its market cap.
// ROAD TO REGULATION
South Korea in cooperation with China and Japan to regulate cryptocurrency speculation.
Australia is working on identifying and tracking cryptocurrency transactions to avoid tax evasions.
Ukraine plans to build a group of experts to regulate cryptocurrencies.
Maduro’s Petro cryptocurrency has been blocked by the Venezuelan parliament.
Neo thrives despite China’s ban.
Last week highlights:
Neuromation raised $73.2m for a technology platform that creates synthetic learning environments.
Gameflip raised $15m for a marketplace for gamers to buy and sell digital goods.
Skara - January 23, 2018 - A multi-award winning game with a token at its heart.
Dogezer - January 15, 2018 - A platform for launching and funding startups.
Skraps - January 15, 2018 - App to invest your spare change into cryptocurrencies.
Now JP Morgan President regrets his bitcoin remarks. Bitcoin Cash community has sent a petition to make Bitcoin Cash the default trading market on Coinbase. A Lightning network overview in a diagram.
World Crypto Economic Forum - San Francisco, USA - January 15-16, 2018
The Crypto Finance Conference - St.Moritz, Switzerland - January 17-19, 2018
The North American Bitcoin Conference - Miami, USA - January 17-19, 2018
Crypto Funding Summit - Los Angeles, USA - January 24-25, 2018