Highlights: Monero Bulletproofs audit, PinkDate loses favor, and Kraken stays sassy.
Monero Deploys Bulletproofs to Testnet Following Audit
Source: CCN
An independent security firm has completed the first audit on Monero’s implementation of “Bulletproofs,” a modification of Range proofs which improve efficiency (allegedly by up to 80%) and address scalability concerns. Monero, which relies on zero-knowledge proofs to maintain privacy protocols, said the audit had found twelve total issues of “low or undetermined severity.” Bulletproofs are now live on Monero’s testnet.
PinkDate Losing Its Luster
Source: CoinDesk
Escorting platform PinkDate seems to have lost favor with the sex work community, according to a CoinDesk article published today. In the article, former president “Sarah Stevens” cited a lack of KYC/AML measures along with general complaints about the business model as responsible for her separation from the company, though according to her Twitter, she was fired. Other anonymous sources cited safety and poor communication as reasons they would not list with the site.
PinkDate started out as a promising endeavor in the cryptosphere, a relevant use case with a global market. Lately, most of the news we hear from them isn’t promising. They’re a centralized group relying on the trust of their community to help them deliver on some ambitious aims, and they've exploited that trust before.
A Medium post comparing various sex work ICOs and portraying PinkDate in a very favorable light was published on June 6, while Sarah Stevens was still acting president of the company. The author? Sarah herself. The article discloses neither who she is nor her affiliation with PinkDate, an omission which protects the core group's anonymity while simultaneously exploiting it to their benefit. The article was retweeted by PinkDate as well as promoted in their Discord server.
EOS Hits 1.2K Spam TPS
Source: EOS
EOS hit a peak 1,200 transactions per second today… and it was all spam. The spam, which is ongoing, is a message from “blocktwitter” containing “Love BM,” a seeming reference to EOS founder Dan’s Twitter handle, ByteMaster.
EOS Has A Humble Request
Source: Bloomberg
EOS - you may have heard of them, a small, $4 billion startup? - is reportedly announcing a second round of fundraising soon, and allegedly drawing contributions from co-founders of PayPal and Bitmain. EOS is also attracting staff from the financial sector, including Citigroup. How did you expect them to pay for moon Lambos? Kindness?
Kodak Severs Ties With KashMiner
Source: BBC
In what appears to be a thinly-veiled PR move, Kodak has distanced itself from the KashMiner, a bitcoin miner previously associated with the brand that Kodak now claims was “never licensed.” The KashMiner was displayed at a Kodak booth at the CES tech show in Vegas in January, when the price of bitcoin was near its highest. Now that the price has tanked, the miner isn’t profitable and Kodak appears to be trying to sever ties under a flimsy pretense of never having been involved in an official capacity at all.
Crypto Asset Monitoring Framework Reviewed at G20 Summit
Source: Financial Stability Board
A report made available at the G20 summit today outlines a framework developed by the Financial Stability Board to monitor cryptocurrency and other digital assets. The report outlines ways to monitor financial stability, while also making note that the FSB does not consider digital assets to be a threat to global financial stability. It does, however, contend that vigilance is necessary and protocols need to be designed in the event that crypto valuations drop to zero. Full details of the report can be read at the source link above. Still to come at G20: a task force report on money laundering and potential terrorist financing with cryptocurrencies.
FunFair Partners With Poker Operator
Source: FunFair
RakeTheRake, a poker rakeback affiliate, will look to pivot its services and offer casino games on the blockchain, courtesy of the FunFair platform. RakeTheRake will be the first operator on the FunFair chain. Availability and launch dates are not yet available.
Partnership: Genesis & LMAX
Source: Genesis
Genesis will look to bring the capabilities of the LMAX institutional exchange to its markets with a new partnership. The highlight here is that LMAX is a fiat gateway, potentially opening up fiat investing on the Genesis platform. Genesis also claims the partnership “solves the liquidity issue,” which is a rather lofty ideal. The partnership has some exciting potential, but considering the less-than-impressive product we saw from Genesis at the launch of the Markets, our expectations are tempered.
Kraken Takes a Shot at Coinbase
Source: Twitter
The Kraken exchange threw some not-so-subtle shade at Coinbase today, following the latter’s announcement last week that it would add a significant number of coins to its listings. In a dig at Coinbase’s discretion, Kraken announced that they would add 1600 coins following a “sophisticated review process” and linked all current listings from CoinMarketCap. We see you, Kraken. We see you. Cheers.
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