AMD partners seven major tech firms, Goldman Sach's scandal, Bitmain announces a new miner, Vitalik Buterin doesn't leave Ethereum, BTCC shuts down its mining pool, Chinese school mines ETH — all in this weekly news digest
- Erik Voorhees, CEO of ShapeShift, thinks that crypto still has a long way to go. Voorhees pointed out that he was very nervous that the U.S. government would have been firmer on Bitcoin due to the ‘existential threat’ to centralized systems.
- IBM Blockchain highlights Kansas distributed ledger technology education initiatives. The Blockchain Institute at the University of Kansas promotes the implications and applications of blockchain across the fields of engineering, business development, and policy making.
- Despite the ‘negligible’ last quarter of the year AMD partners Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Rajintek. This collaboration is focused on the creation of a series of products specifically designed for mining.
- The Goldman Sachs embezzlement affair demonstrates Bitcoin’s true value. Goldman Sachs bankers have been brought to heel after it was found that they were responsible for a massive multi-billion dollar embezzlement scheme in league with the former Prime Minister of Malaysia.
- Deloitte partnered with Attest to develop a blockchain-based identity solution. The partnership will develop two products: Attest Wallet and Attest Enterprise.
- The Swiss Financial Market Supervisory Authority (FINMA) assigned a flat risk weight of 800% for bank crypto trading. The regulator still believes that crypto assets are a massive volatility risk.
- Bitmain announced the release of a new 7nm bitcoin miner, Antminer S15. New miners possess industry-leading hash rates designed to mine with the SHA256 algorithm.
- Vitalik Buterin rejects rumors of him leaving the Ethereum project. The tweet accusing Vitalik of planning an exit prompted him to reply in a manner similar to how Dan Larimer left BitShares and Steemit.
1. I am not leaving. No plans to stop or reduce blog posts / ethresearch posts / github commits.— Vitalik Non-giver of Ether (@VitalikButerin) November 2, 2018
2. Vitalik is "in charge": ETH is centralized! Vitalik is not "in charge": Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility.
- Some companies are stopping to use the term ‘blockchain’ because they think it is overhyped, according to a new report from Forrester Research. For some, the mention of blockchain can also carry negative ‘wild west’ connotations associated with volatile cryptocurrencies.
- BTCC Pool released an announcement notice on the indefinite shut down of its mining pool by 15 November. The shutdown of operations is caused by business adjustments needed to be made by the company.
- Bitcoin Cash community introduced to new BCH Library written in Rust. The new library allows developers the ability to work on BCH applications and platforms written in the Rust coding environment.
- Wirex became the third blockchain-based platform to receive an e-money license from UK’s Financial Conduct Authority (FCA). This license gives the company many new capabilities including an access to traditional banking services.
- Hackers breached web analytics site StatCounter to steal Bitcoin from the exchange’s customers. Apparently, the target was the cryptocurrency exchange Gate.io who ‘immediately removed’ the StatCounter service from its site, and stressed that the users’ funds are ‘safe’.
- Blockstream Block Explorer goes live. The goal for developing the Blockstream Explorer is to give Liquid sidechain users the ability to monitor network activity and cross-check transactions.
- SEC fines EtherDelta for operating without proper authorization. EtherDelta CEO, Zachary Coburn, will pay a disgorgement amount of $300,000, an interest of $13,000, a penalty of $75,000.
- Chinese school officials have been caught mining Ethereum on school property. The operation went on for the last several months and people had complained that the computers made an awful lot of noise.
- A federal judge lifted a $30 million attachment order against Charlie Shrem Thursday. Though the case will proceed to a jury trial next year.
Food for Thought
- When Can Token Curated Registries Actually Work?
A Token Curated Registry (TCR) is a mechanism to incentivize the decentralized production of a high-quality list.
- It is too early to determine the effect Bakkt will have on the industry.