Surviving the crypto price-plunge: the ICO projects weathering the storm | Gemini launches a mobile app to buy and sell cryptocurrencies
|Dec 11, 2018|| 1|
“Journalism can never be silent: That is its greatest virtue and its greatest fault. It must speak, and speak immediately, while the echoes of wonder, the claims of triumph and the signs of horror are still in the air.” — Henry Anatole Grunwald, former Editor in Chief of Time, Inc.
The Big Block
Media coverage of the crypto market over the last month has been dominated by headlines from the downright apocalyptic (“Crypto is dead”) to the self-congratulatory (“We told you so”). The bear market and investors’ resulting woes have even captured the attention of the major broadsheets. Unsurprisingly, reports that the likes of Steemit and Spankchain have been forced to cut their teams by more than 50% paint a worrying landscape of countless crypto projects who, after failing to hedge for a price-collapse, were now struggling to operate.
But amid the disarray, there is a light at the end of the ongoing tunnel that is not centered on price recovery but instead on a community invested in the future of blockchain development. The Block interviewed eight Ethereum-based projects, who say that despite their diminished valuations, it’s business as usual… for now.
Here is how Gnosis, SALT, Zilliqa, Blockstack, Civic, Polkadot, Aragon, and Komodo describe their experience of the ‘crypto shake-up’ so far.
Read More on The Block (6 Minutes)
Around The Block
Gemini launches a mobile app to buy and sell cryptocurrencies
Gemini, the New York-based cryptocurrency exchange founded by the Winklevoss twins, has launched a mobile app for its exchange services. The mobile app is available on Android and iOS devices and is accessible wherever Gemini’s platform is active.
In addition to launching Gemini Mobile, Gemini is also introducing a new basket product, called Cryptoverse, which is a market-weighted bundle of the five cryptocurrencies available on the exchange: bitcoin, ether, bitcoin cash, litecoin, and Zcash. Users can trade the Cryptoverse bundle to get exposure to all five of Gemini’s listed cryptocurrencies. — More
TenX announces airdrop after months of delay for its crypto debit card
TenX, the crypto payment solutions provider, announced that it would be airdropping a new token, by the same name, to its PAY token holders. The TenX token is an ERC-1462 token which is a standard token designed for issuing security tokens that are compliant with securities regulations and legal enforceability. Depending on TenX's earnings and financial position, the company will be reward TenX token holders with PAY tokens every quarter. TenX also announced that it will begin rolling out its crypto debit cards, which allows users to pay merchants using cryptocurrencies, "in phases." — More
U.K. parliament member wants residents to pay their taxes with bitcoin — More
Fortune: New York State received a total of 36 BitLicense applications since the program’s inception — More
State Farm is testing blockchain solutions for auto insurance claims — More
UNICEF grants $100,000 to blockchain startups working “to create a better world” — More
A global regulatory watchdog: cryptocurrency exchanges in the UK present low risk for money laundering and terrorist financing — More
Coinbase announces partnership with WeGift to expand crypto e-gift cards services for U.S. users — More
The Block wants to understand who our readers are. Please take a few minutes to respond to our short survey. Your participation will give us a better understanding of our readers and what interests them! Please note that the survey results will be anonymized and aggregated. Please take the survey here.