BitDigest June 22 · Issue #684

Jun 22, 2020
  • Crypto markets basically flat (±1%) over the weekend.
  • Jay Clayton is leaving SEC to become US Attorney for the Southern District of New York
  • Singapore working with China on development of DCEP
BitDigest June 22 · Issue #684

Crypto Startup School

Andreessen Horowitz has released the next videos in its Crypto Startup School. The latest releases include Celo Product Manager Nitya Subramanian speaking about ‘Protocols vs. Projects’ and Parity CEO Jutta Steiner talking about secure smart contract development.

The Headlines

BitDigest June 22 · Issue #684

Clayton Leaving SEC

www.justice.gov
Attorney General William Barr has nominated SEC Chairman Jay Clayton to service as the new US Attorney for the Southern District of New York. No word on a replacement, but given Clayton’s conservative approach to crypto during his 3 year term at the SEC, the crypto community has cause to be concerned.
BitDigest June 22 · Issue #684

Singapore Exploring DCEP with China

www.cointelegraph.com
The Monetary Authority of Singapore announced that it is working with the People’s Bank of China to discuss different DCEP (digital currency electronic payment) development scenarios.
BitDigest June 22 · Issue #684

Italian Bankers Joining Digital Euro Project

www.ledgerinsights.com
The Italian Banking Association announced it would join the European Central Bank’s effort to develop a central bank digital currency.

Market Data

BitDigest June 22 · Issue #684

Compound has Great Week

www.defipulse.com
Since the announcement Thursday that Compound (COMP) was being added to Coinbase Pro on Thursday, the ethereum lending protocol has surpassed Maker in the total value locked ($607 million vs. $437 million) and now has the largest market capitalization of any DeFi protocol ($3.3 billion vs. Maker’s $510 million).
BitDigest June 22 · Issue #684

Miners Are Hodling Bitcoin

www.studio.glassnode.com
Glassnode analysis is depicting that miner’s bitcoin outflow volumes based on a seven-day moving average has declined to the lowest level in 10 years.
BitDigest June 22 · Issue #684

Ethereum Miners Increasing Transaction Rate

www.theblockcrypto.com
Ethereum miners are increasing the network’s gas limit from 10,000,000 to 12,500,000 eth which is intended to increase the total number of transactions – from 35 to 44 per second – the Ethereum network can process.

Exchange, Custody and Product News

BitDigest June 22 · Issue #684

GhostX Goes Live

www.twitter.com
John McAfee’s new privacy focused exchange, GhostX went live this weekend.

Thoughts on the Ecosystem

BitDigest June 22 · Issue #684

Bitcoin's Digital and Trust-less Features Make it 'Radically' Different

www.libertystreeteconomics.newyorkfed.org
Economists at the Federal Reserve of New York do not believe bitcoin is a type of new money, and suggest that bitcoin’s digital structure and its ability to be issued without a trusted third-party is the real ‘radical’ innovation.
BitDigest June 22 · Issue #684

Crypto Investing is 'Gambling'

www.cointelegraph.com
Famed investor Jim Rogers says crypto investing “is a clear bubble and [he doesn’t] know the right price. Virtual currency is not an investment target. It’s just gambling.”
BitDigest June 22 · Issue #684

Crypto's Biggest Lie

www.dailyhodl.com
Former Ethereum CEO and current Cardano developer Charles Hoskinson believes that crypto’s biggest lie is that “Ethereum has achieved the network effect” and suggests that while it is a dominant platform, it’s much too early to identify Ethereum as the winning protocol.

Reports you may have missed

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