BitDigest June 12 · Issue #678

• Crypto markets fall 3% with yesterday’s stock market sell-off
• Indian government looking to stop crypto discussion with countrywide ban of digital currencies
• Estonia withdraws one-third of all crypto licenses in an effort to respond to money laundering accusation

More mistakes?

Two more transfers have occurred with significantly large fees, raising questions as to whether the sender confused the transfer amount and fee or an attempt to nefariously transfer money is occurring. In the first transaction yesterday, a user sent 350 ETH ($82,000) with a transaction fee of $2.5 million. Late yesterday a second ETH transfer occurred with someone paying $550,000 to send 3,221 ETH ($750,000).

Crypto Startup School

A16z’s (Andreessen Horowitz) Crypto Startup School has released three new videos to the library for its online class: How and Why to Decentralize Your Project with former a16z partner Jesse Walden and Compound CEO Robert Leshner, Developer Community Building with a16z partner Chris Dixon and Git-Hub CEO Tom Preston-Werner, and Managing a Distributed Workforce with a16z People Practice partner Tina Ferguson.

The Headlines

Market Data

Exchange, Custody and Product News