The stablecoin space is maturing quickly. Once thought impossible (even by Cameron Winklevoss
), the first stablecoin to become seriously audited
will be a product of STASIS
, a stablecoin issuer based in Malta. STASIS hired a Top Five accounting firm, BDO Malta, to conduct quarterly and annual audits
of their euro reserves backing the company’s own minted stablecoin, the EURS token. The periodic audits will also confirm STASIS’s daily verification of reserves, which will be tweeted each day from a bot
A bipartisan bill is being introduced
by Reps. Warren Davidson, R-Ohio and Darren Soto, D-Fla. that defines what a digital token is to be considered in a regulatory sense and explains how securities laws wouldn’t apply to cryptocurrencies at a certain point of network maturation. The “Token Taxonomy Act
”, if passed, would add significant regulatory clarity regarding digital assets in the United States and would likely set a legal precedent in other Western nations.
Cryptocurrency exchange giant Coinbase recently launched what they believe to be the “largest crypto migration on record.
” The exchange revamped its cold storage system, which required them to move holdings totaling up to “5% of all BTC, 8% of all ETH and 25% of all LTC in circulation
(among many other assets)”, valued at approximately US$5 billion. Leading up to the move, Coinbase issued a short blog post
mentioning the currency movement in an attempt to mitigate the expected panic
caused by billions of dollars in cold-storage coins moving.
Despite the crypto market price decline, malware-based cryptocurrency mining attacks have been steadily increasing in 2018
, now even outnumbering ransomware attacks
in the Middle East, Turkey, and Africa. Russian cyber-security firm Kaspersky Lab reported 3.5 million mining attacks occured in 2017 in the region, now 13 million this year. Fabio Assolini, Kaspersky’s senior security researcher, reasoned the attacks have increased because, “mining is silent and causes less impact that ransomware, making it less noticeable.”
The US Commodity Futures Trading Commission
(CFTC) is asking the public
for “comment and feedback” regarding “Ether and its use on the Ethereum Network.” The CFTC aims to better understand the technology as well as its role in the virtual currency markets.
According to LinkedIn’s 2018 Emerging Jobs Report
, Blockchain Developer ranks first in terms of job growth. Growing by a factor of thirty-three
, the title of Blockchain Developer beats Machine Learning Engineer by over twice as much growth.
recently gave away 3000 ETH
to three different companies working on scaling the Ethereum network. The donations seemed very spontaneous, the first donation being a reaction to Preston Van Loon of Prysmatic Labs tweeting
that the start-up’s biggest challenge is that team members still have to work separate full-time jobs. Continuing that thread on Twitter, Buterin met pleas from other Eth-scaling start-ups and gave 1000 ETH to ChainSafe Systems and Lighthouse each. After the short-lived ETH giveaway, Buterin tweeted he was going to bed