The Long Shot

A new kind of prediction market is testing the limits of a censorship-free, self-governing, utterly disintermediated world. This is the inside story of Augur.

Atonement. October 10, 2018.

Etherdig spy mining grinds to a halt. Roger Ver floats BCH exchange. MasterCard gets crypto fever. Forbes joins Civil. Bitcoin rat intimidates Wall Street.

The power of friendship. October 4, 2018. 

A U.S. federal court in Massachusetts, like the Lord naming the beasts of the virgin Earth, has declared cryptocurrencies to be “commodities” on Twitter. And the Commodities Futures Trading Commission, a federal body that prosecutes commodities fraud, has pronounced this good. Sayeth James McDonald, the CFTC’s director of enforcement:  “This is an important ruling that confirms the authority […]

Oh no! October 3, 2018.

Oh no! “Pigeoncoin” has had 235 million pigeoncoin stolen in a hacking attack! It’s no joke, though: you should care deeply about Pigeoncoin’s plight. While only $15,000 worth of pigeoncoin was stolen, it signifies something other altcoins should take note of. The bird burglars, you see, exploited a software vulnerability in Pigeoncoin’s code resembling the one […]

The (ex)POTUS seal of approval. October 2, 2018.

Crypto banking company Ripple has three big new clients for its xRapid program, which helps firms speed up cross-border transactions. The three are international payment platform MercuryFX, remittances firm Cuallix, and Catalyst Corporate Credit Union, a credit union advisor. What’s important is they’ll actually be using the technology with immediate effect, instead of just hyping […]

The powers that shouldn’t be. October 1, 2018.

Tim Berners-Lee, the inventor of the World Wide Web, has built a new protocol for a “decentralized” Web that, he hopes, will de-fester the Internet of its Silicon Valley invigilators. The platform, called “Solid,” protects users’ data in a personal online data store, or “pod,” which is only accessible to the user. Messages, documents, photos, […]

Well done you. September 28, 2018.

The market eked itself forward, growing by around $8 billion to $226 billion, but slumped back to $220 billion overnight. Thankfully, the big guns are poised to roll in. U.S. law enforcement is, putatively, on the offensive against crypto-fraud. The U.S. Congress has drafted a bill for a new task force dubbed the “Independent Financial […]

Earthly Conquests. September 27, 2018.

Chinese mining behemoth Bitmain has filed an application for an IPO on the Hong Kong Stock Exchange. In doing so, the company disclosed terrifying facets of its pending global takeover. First, revenue. In 2017, Bitmain pocketed in excess of $2.5 billion. This year it’s made more than $2.8 billion—around half of that has been pure […]

Father’s blessing. September 26, 2018.

Coinbase is lowering the bar for entry onto its list of tradable cryptocurrencies, which currently sits at five: Bitcoin, Bitcoin Cash, Ether, Ethereum Classic, and Litecoin. A Google form on the Coinbase website ushers would-be Coinbase listees through a whimsical questionnaire about their prospective token. Form-filling rookies will be pleased to know Coinbase has provided […]