Jamie Dimon regrets "fraud" comment. Bummer! 😳
In my humble opinion...
the fundamentals are being broken.
People that call for regulated tokens on the blockchain don't understand what it is blockchains (are supposed to) do. https://t.co/RRKC9Rj88V
— Ciaran Murray (@C1aranMurray) January 8, 2018
Coin of the Day
Give contractors the flexibility they deserve
THOR empowers contractors by offering blockchain-based solutions to the gig economy, which is an environment where temporary positions are standard. In the current state of the market, the gig economy is highly inefficient, with contractors often not having the liberty of working for more than one company and are usually tied to a particular job during business downtimes. By establishing a network on its NEO-based blockchain platform, the founders hope to provide contractors with greater flexibility in their work life, as well as more job opportunities. For the first time, contractors will also be paid instantaneously and be able to enjoy employee benefits such as health insurances and have the option to set up their 401k funds.
Viva Las Vegas. We're reporting from the CoinAgenda Summit, where powerhouse projects such as NEVERDIE, Bee, and NEM brought the big guns to the conference.
- The heads of crypto projects have become either a bit paranoid or carefully precautious as their token and project receives more exposure. After the CEO of a UK-based crypto exchange was kidnapped in late 2017, successful business figureheads in the industry seem to be a bit more wary of their public persona and facetime.
- There's no clear licensing regulation in the United States. Jay Samit moderated a fantastic panel on blockchain incubators and accelerators, and brought up the question: can you successfully run a crypto company within the US? The verdict? Depends on who you ask.
- People are still unclear on the United States' legal situation regarding crypto, so many are proceeding with caution, while others are choosing to work directly with the government (more on that soon).
- Crypto enthusiasts have become severely disillusioned with ICOs – without a product and some form of business experience, some of these start-up veterans are more hesitant to move forward with funding. Overheard in an elevator: "We're not funding any more white papers. The bar is higher."
- We're starting to see both institutional money and government researchers coming to these conferences, which means crypto is getting closer to becoming 'legit' in the eyes of the mainstream.
If you checked CoinMarketCap yesterday, you might have been pretty freaked out by all of the red. The reason? Some big South Korean exchanges were dropped – it's getting controversial.
What an odd 24 hours it's been. Let's begin with what's on everyone's mind first. CoinMarketCap, the cryptocurrency price authority, essentially looks like a murder scene; there's more red than anyone likes to see (we're looking at you, Ripple). Apparently, the popular site is now excluding three major South Korean exchanges –Bithumb, Coinone, and Korbit – because of their significant price difference from the rest of the world. As of yesterday, Ethereum was trading at a $500 premium in South Korea, along with most other coins being much more expensive in the Asian powerhouse. That hurts. There are other websites that have cryptocurrency price stats and charts; here's a list of 20 that you can look at if you're fed up with CMC. Some people think that CMC's change allows for more accurate statistics and price markers; after all, wouldn't you be surprised to find you can't sell a coin at the price it was listed at on an index? Like a self-fulfilling prophecy, the market seemed to dip on other indexes as well, with some sites showing Ethereum regaining its second place in market cap.
Jamie Dimon, CEO of JPMorgan, "reget[s]" making his infamous "fraud" statement regarding Bitcoin. Well, so he said in an interview with FOX Business Network. While Dimon claims he's not personally "interested in the subject at all" (although JPMorgan clearly is), he's still a supporter of blockchain tech, like most traditional financial figureheads.
Something to keep your eyes on: some analysts are a touch worried about Ethereum (ETH). Its incredible price rise may be covering up some major technical issues, and all ETH deposits are going to be temporarily paused on Bittrex this upcoming weekend from network congestion. Some of the fundamental problems that remain include scalability issues (duh), the gas prices (the cost of each Ethereum transaction), and computers that run Ethereum are struggling to download its transaction history. Ethereum is still a fantastic piece of technology, but it's not perfect. There are ways to go.
North Korea is...tenacious. There's new malware out there, which mines Monero and sends it to North Korea. Can you take a chill pill, Kim?
Confidence in blockchain is hardly wavering, with IBM and Comcast backing a new blockchain startup fund that helps companies use the technology. Sweet.
TD Ameritrade found a way to get those pesky millennials to start investing: crypto. Revolutionary!
Coin to Watch
this super sexy landing craft! Yes, you can purchase your very own 1987 74" landing craft for $375,000. Make your (very weird) childhood dreams come true!
— CryptoYoda (@CryptoYoda1338) January 9, 2018