It was recently discovered
that Ethereum Classic experienced a 51% attack
resulting in several double-spends, ultimately totalling over one million dollars in ETC. Coinbase, having detected the attack a few days ago, had a blogpost
prepared to publish as soon as the public at large became aware of the situation. Knowing about the attack, writing a blog about it, then disclosing it days later (after more double-spends took place) was not well received by some
Erik Voorhees, Shapeshift.io Founder & CEO, announced
the exchange has reduced their team “by a third”, laying off 37 of its employees. Lay-offs in the crypto-industry are now considered common
as crypto-companies trim the fat gained from the 2017 boom. While some are distraught by the rise in lay-offs, the strategic decisions mark a “return to the mean”, a natural part of boom and bust market cycles.
Since the debut of the program in April 2018, about 950 couples in Washoe County, Nevada have received secure digital marriage certificates
on the Ethereum blockchain. A county in Northeast Nevada is also exploring a similar method of using the technology for “certified digital birth certificates”.
, a game of record breaking popularity and revenue, temporarily added the privacy-centric cryptocurrency Monero as a payment option
in their online merchandise store. The founder of Epic Games (which developed and owns Fortnite) revealed that the cryptocurrency integration was an accident
and that they, “…worked with a partner to open a merchandise store, and somewhere along the way Monero payment was enabled.”
Japan’s Mizuho Financial Group
is developing a yen-based stablecoin
that will be accepted by participating retailers (with a significantly lesser fee than credit card transactions) and banks. There have also been recent rumors about Japanese crypto ETFs
receiving regulatory approval, something that would maintain the island’s status as a country leading in blockchain.
To celebrate the tenth anniversary of the Bitcoin network coming online, BitMEX
took out front page ad space
in The Times
, the newspaper Satoshi famously quoted (“03/Jan/2009 Chancellor on brink of second bailout for banks”) in Bitcoin’s genesis block. Bitcoin’s first double digit birthday was also the planned date of a crypto-bank run on exchanges dubbed “Proof of Keys
”, but the reserve test was partially foiled by some exchanges preemptively shutting down for “maintenance