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AltcoinWeekly - Issue #124

Issue #124

9 - 22 May 2016 

Ethereum has certainly come a long way. This week, Coinbase announced that their exchange is rebranding and they are supporting Ether trading pairs. Also The DAO, a funding platform for Ethereum has raised over US$150 million to date fuelling the spike in Ether price.

Bobby

BITCOIN PRICE (BITSTAMP)

 

Latest News

The price of bitcoin rival Ethereum (Ether) is soaring because of a radical, $150 million experiment called the DAO

Thousands of people have pumped $150 million into what might be the biggest crowdfunded project in history, something called the Decentralized Autonomous Organization (DAO). Compare this to the $20 million raised by the project with the most funds on Kickstarter, the Pebble Time smartwatch. 

Coinbase Exchange to Rebrand Following Ethereum Trading Launch

Bitcoin exchange and wallet service Coinbase is adding support for ether, the native cryptocurrency of the Ethereum network.

Cryptocurrency exchange Gatecoin hacked, $2m in Bitcoin and Ethereum stolen

Hong Kong-based Bitcoin and cryptocurrency exchange Gatecoin Ltd. has revealed that it was hacked last week, with the loss of some 15 percent of total crypto-asset deposits they held.

Ecosystem

State of Blockchain Q1 2016: Blockchain Funding Overtakes Bitcoin

CoinDesk has released its latest "State of Blockchain" report, analyzing news and events from Q1 2016.

Peter Todd Explains How He Double-Spent Coinbase

A few months ago, Bitcoin Core contributor Peter Todd completed a successful double-spend attack against Coinbase.

Good Samaritan Hacker 'Johoe' to Develop New Trezor

SatoshiLabs has hired cryptography researcher and Bitcoin white hat hacker Jochen Hoenicke aka "Johoe" to help create its new TREZOR hardware wallet.

Are Altcoins Bitcoin’s Friends or Enemies?

Johnny Dilley, who runs strategy at Blockstream, was recently asked for his thoughts on altcoins during an interview on The Crypto Show. Dilley believes the vast majority of altcoins are scams, and he also thinks Bitcoin developers are not threatened by the existence of these alternative cryptocurrencies.

Legal

The Law of The DAO

What is the legal status of The DAO? In this opinion piece, lawyer Drew Hinkes takes a deep dive laws surrounding fundraising and more.

Learn

Blockchain's Big Innovation is Trust, Not Money

In this opinion piece, a former Wall Street pro discusses why he believes the blockchain is best perceived as an innovation in distributed trust.

 

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