Privacy Coins, XRP moons, and major bitcoin bug

“The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead on innovation and further growth…”
— Tom Emmer, U.S. Congressman

The Big Block

Privacy is a theme deeply embedded in the crypto ecosystem. The original cypherpunks believed privacy is a natural right for society, especially in the age of the internet. In fact, in the now famous “A Cypherpunk’s Manifesto,” Eric Hughes stated “Privacy is necessary for an open society in the electronic age,” and that “We must defend our own privacy if we expect to have any.”
In the bitcoin whitepaper, Satoshi Nakamoto dedicated a whole section to privacy. In the early growth stages of bitcoin, the topic has not received as much attention as perhaps it should. Fortunately, privacy has gotten a lot more attention from the core developers with the introduction of many promising privacy-enhancing solutions. With renewed focus, we felt it is time to examine privacy coins and whether or not they are an important class in the crypto ecosystem.

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Around The Block

$XRP has doubled in price in the past week, adding $12B to the market cap

$XRP is on a tear over the past few days, leading to a more than 108% week-over-week price increase that is significantly larger than any of the other top 15 cryptocurrency gains this week. The increase has added ~$12 billion to the market cap of $XRP.

Critical bug found in Bitcoin software is patched

The bug was found in Bitcoin Core, the most popular client of the bitcoin network. According to Bitcoin Core developers, the bug enabled miners to send denial-of-service attacks to other nodes on the network by forgoing a block reward. — More

New study finds impact of tether on bitcoin price to be statistically insignificant — More

Bitmain announces new generation ASIC chips — More

California campaign watchdog bans bitcoin political donations — More

Cryptocurrency thefts in Japan triple in 2018 — More

U.S. Congressman to introduce three pro-cryptocurrency bills — More