25 June - 10 July 2016
The second bitcoin halvening happened! We are now down to 12.5 BTC mining reward every 10 minutes. Despite all the talks about price volatility, the event came by without much change to bitcoin price. Let's see if the coming week will result in increased price volatility.
BITCOIN PRICE (BITSTAMP)
Coinbase to raise about $10.3m from Japan's largest bank, Mitsubishi UFJ Financial Group in latest investment, taking the total amount raised to near $120m.
Bitcoin services startup Vogogo is closing its payment processing service next month after it failed to gain traction or generate money.
Ethereum & The DAO
The Bitcoin and Ethereum communities appear to have different philosophies on the finality of settlement on their respective blockchains.
Although he's interested in the potential of Ethereum, 21 CEO Balaji Srinivasan sees some potential issues with the smart contracts platform.
Merkle’s thesis is that DAOs and crowdsourcing could lead to a new form of democracy which is more stable, less prone to erratic behavior, better able to meet the needs of its citizens and which better uses the expertise of all its citizens to make high-quality decisions.
Bitfury Group, in collaboration with the open-source Lightning Network community, has released a white paper on lightning routing.
CoinGecko reviews the 21 Bitcoin Computer. We set up the computer and explore what you can do with the 21 Bitcoin Computer.
George Samman wrote an excellent report on blockchain technology in this KPMG report.
Computer scientist, David Xiao suggests we think of blockchain in terms of 4 layers: consensus, mining, propagation and semantic.
A recent note from the University College London’s blockchain research center explores the fair cost of bitcoin mining.
Enjoyed this newsletter? Forward this to a friend!
PS: If you get value from this newsletter, I'd appreciate your BTC support: 17JTkZzg4xZqWDbzdeGiL2rtNPcpi64aZ7 - any BTC tips I receive go directly to funding research for this newsletter. Thank you loads for the support :)