Who’s In Control of Tezos? That Answer Is About to Change

“To me, it kind of feels similar to the beginning of ethereum.” Andrew Paulicek, founder of Happy Tezos, isn’t the only one excited about the upcoming milestone in the life of Tezos, a blockchain network that launched three weeks ago after a series of long, painful delays. Every three days or so – the exact intervals vary – Tezos enters a new “cycle.” At some point this weekend, likely Saturday, it will cross the threshold into the seventh cycle (sometimes called cycle six, because techies count from zero). When that…

Ex-Trump Advisor Steve Bannon Is Making a Cryptocurrency

Steve Bannon, former chief strategist to U.S. President Donald Trump, confirmed that he wants to launch a cryptocurrency of his own. Speaking to CNBC on Wednesday, the Breitbart co-founder said “they’re the future,” adding that “we’re working on some tokens now, utility tokens, potentially, for the populist movement on a worldwide basis.” Bannon first hinted at the idea in June, though at the time he was hesitant about revealing too much about his cryptocurrency plans, according to the New York Times. He did contemplate naming his token the “deplorables coin”…

Sex Workers Have Serious Issues With a Crypto-Powered ‘Uber for Escorts’

“Too pimp-like and not safe to use.” That’s how one sex worker, who spoke on condition of anonymity, described the cryptocurrency platform PinkDate, for which she was invited to test the service but refused. Describing itself as the “Uber of escorting,” PinkDate is one of several sex industry startups launching a crypto-fueled booking app funded by an initial coin offering (ICO). The platform, currently in a closed beta, aims to match sex workers with clients (just as Uber does for drivers and passengers). Except instead of credit cards, clients would…

CoinList’s Fifth ICO Is a $61 Million Bid to Tokenize All the Assets

The website aiming to be the gold-standard for token sellers has been picking up the pace. Since spinning off from venture capital giant AngelList last October, New York-based CoinList has been able to make a spot on its website a coveted place for serious projects, even in a crowded market for compliant coin offerings. So, on Monday, the wider world of token entrepreneurs and investors took notice when the company opened registration for its fifth sale. The new entrant? TrustToken, a platform that aims to simplify trading real-world assets on a blockchain.…

Report: More Than Three-Quarters of ICOs in 2017 Were Scams

About half of the existing crypto-asset market today – numbering some 1,500 – functions on top of an existing blockchain like ethereum, according to a new report. The study from Satis Group, which forms part of a five-entry series analyzing the state of the cryptocurrency ecosystem, explores the state of what it calls “platform networks,” honing on ethereum as well as other blockchains like NEO, EOS and Cardano, among others. In looking at the “market share” of those platforms, it’s perhaps not surprising that ethereum constitutes the bulk of that figure…

Augur Passes CryptoKitties: Crypto App Enters Top 5 with $400K Debut

One Augur user was so eager, they didn’t even wait for the user interface. That may have summed up the slapdash state of affairs Tuesday, hours after the Forecast Foundation, the non-profit behind the Auger protocol, announced the launch of its decentralized platform for betting on the outcome of events. By 5:00 UTC, the first prediction markets were being created, and by day’s end, new bets were being placed on everything from U.S. elections to World Cup soccer games, all with the help of bleeding-edge tech. “Someone must’ve really wanted to…

PBoC Will ‘Crush’ Foreign ICOs Targeting Chinese Investors: Official

A vice governor of the People’s Bank of China (PBoC) has again issued strong statements against initial coin offerings (ICOs), singling out those that have moved overseas, but are still marketed to investors in China. Speaking at an internal meeting of the Internet Finance Rectification Working Group on Monday, Pan Gongsheng reiterated that ICOs, “disguised” ICOs and crypto asset trading are illegal in the country, and represent illicit forms of fundraising and securities issuance. Although China issued an outright ban on ICOs in September 2017, Pan said a lot of the…

BitGo Adds 57 Ethereum Tokens In Largest-Ever Custody Service Expansion

The wider world of crypto tokens is becoming a bit more accessible to institutional investors. The security startup BitGo exclusively told CoinDesk on Tuesday, July 10, it will expand its suite of custody products and services to support 57 new ethereum assets, a move driven by demand for services that safeguard private keys – the alphanumeric strings that act as passwords for crypto assets – and that, once lost, are gone forever. As such, the move is a telling one for the blockchain security sector, one that showcases how it’s…

Block.One Is Taking a Bigger Role With EOS (And That’s a Big Deal)

Block.One has decided to start voting with its hoard of EOS tokens. Announced last week, the decision finds the startup that created the EOS software, now powered by the fifth most valuable cryptocurrency, breaking with precedent in a move that may have come as a surprise to those following the project’s decentralized launch. That’s because since going live on June 14, the company has largely declined to exercise its influence over the code, preferring to encourage its users to unite, even in sometimes messy decision-making. And there’s a good reason…

Tezos Investors Got a Chance to Sell This Week – And They Took It

After waiting nearly a year to get their tokens, the first thing many Tezos investors did was get rid of them. At least, that seems to be the case according to available market data, which indicates a wave of selling has taken place since the tech backing the crypto asset was released in beta. All in all, prices fell 34 percent on Monday to $2.00, according to CoinMarketCap. From a Monday high above $4, the price dropped 74 percent to a Friday low of $1.10, before paring losses to reach roughly $1.76…