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Sankalp's Blockchain & Bitcoin Snapshot - Issue #10

One year ago: bitcoin = $580 (up 7x), ether = $11 (up 27x), ripple = 0.006 (up 25x), litecoin = $3.60
Sankalp's Blockchain Express Weekly
Sankalp's Blockchain & Bitcoin Snapshot - Issue #10
By Sankalp Shangari • Issue #10 • View online
One year ago: bitcoin = $580 (up 7x), ether = $11 (up 27x), ripple = 0.006 (up 25x), litecoin = $3.60 (up 13x), dash = $13 (up 22x). In the last year it hasn’t mattered so much which cryptoassets you’ve chosen to HODL, it just matters that you’ve been a HODLER. I wouldn’t expect such undiscerning cryptoasset appreciation to hold for years to come, though. As the cryptoasset markets professionalize, investors and traders will become more discerning. These are the goldilocks years of crypto 
- Chris Burnsike

Your Bitcoin Wrap Up:
We have been in Singapore this week and meeting lot of enthusiasts, projects, newbies, traders, hedges, govt, etc etc. Its been enthralling least to say. More on our adventures below. 
Everyone wants to start an exchange. Everyone wants to do an ICO. Everyone wants to trade cryptos. It seems everyone wants to do everything, We have been helping streamlining that with our two pence worth. 
0X and its new wave of Decentralised Exchanges. A decentralized cryptocurrency exchange has a central authority or in other words a single point of failure. You deposit funds directly, they match buyers to sellers, example Coinbase, Kraken, and ShapeShift. But then we also had MtGox and Bitfinex - famously hacked for approximately 650,000 BTC and 120,000 BTC. So basically users have to trust them. 
Great article and more information by Hacker Distributed below. Must read if you want to know more. 
Bitcoin Cash has been another hot topic and what is supposed to happen in November. No one knows. In hindsight, no one knew Forking would create such a rapidly rising BCC either. Most hate it as it has halted the BTC rally. We are neutral as it touched about $1000 with daily volumes around $4.4 billion, more than BTC and ETH. Now is the consolidation week for both BTC and BCC but a longer term bullish view from here on.  
Everyone is also talking about ICO’s. The smart investor wants to know the TEAM and EXECUTION plan, because they are the ones with big bucks now. Getting in and out of ICO’s is also becoming tricky. Liquidity providers and hedge funders want to MAKE This market now. Most ICO’s are boring (read between lines) and don’t make sense. You must be able to write a whitepaper if you want to do your own ICO. Otherwise, please go home. Short term everyone wants to get in these ICO plays - including institutional money now. Its clear with ETF filings, creation of crypto funds (atlas four of them have approached us in some shape or form) etc etc. 
Video of the Day
Balaji Srinivasan of 21: "Quantifying Decentralization" | Blockstack Summit 2017 - YouTube
Balaji Srinivasan of 21: "Quantifying Decentralization" | Blockstack Summit 2017 - YouTube
Top 10 Blockchain News
Could Blockchains Lead to the End of the Nation-State As We Know It? - Never Stop Marketing
Bitcoin Cash Rises Triumphantly to Near $1,000, Bitcoin And Ethereum Fall
Wall Street Bear Tommy Lee Still Bullish on Bitcoin - $6,000 This Year
Ethereum Announces Metropolis Hard Fork Coming Late September
Toronto Receives its First Ethereum ATMs, Targeting Mainstream Adoption
The Cost of Decentralization in 0x and EtherDelta
Ethereum + Lightning? Buterin and Poon Unveil 'Plasma' Scaling Plan - CoinDesk
How Smart Contracts Will Change the Financial and Legal Systems – Part 1
Investment firm VanEck calls bitcoin a 'fad,' then files for bitcoin ETF
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Sankalp Shangari

Based in Singapore, Sankalp is involved in most aspects of Blockchain - as an entrepreneur, consultant, investor in several AI & Tech related ventures. You can reach out on twitter /linkedin/ medium @sankalpshangari

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