Good morning and happy Thursday! As there is much to talk about, yet there is much to do as well, lets make a quick recap of what i picked up last night, perhaps you find some valuable or cool pieces of information inside. Comments, criticism, ideas - all welcome.
upbit.com. Sort of like a chinese Homer
Remember the Upbit drama last week? Yeah, exactly, you have a good memory - the drama that is suspected of wiping $50 bil from the market in a blink.
What was the case again, you ask? Apparently, last week suspicions arose, that Upbit cryptocurrency exchange wasn't playing straight, as the South Korean police in cooperation with multiple financial units raided the Upbit offices in SK. newsbtc.com reports:
According to local media, suspicions against Upbit include coinless transactions, allegations of money laundering, leakage of money through US trading sites, and suspicion of insider trading during the listing process. No charges have been filed at the moment of writing.
As the rumors of Upbits demise along wiht all the other FUD spread quickly, Upbit customers started withdrawing their funds in an unorderly manner, contributing to the market short-term wipeout.
Now there are luckily anti-FUD rumors spreading, that Upbit has been cleared with recent audits, as the books match exactly with the numbers reported, according to Lee Seok-woo, from Dunamu, Upbits parent company. As the audit was merely an internal one, confirmation or forgetting is needed from the outside world. Good days.
Blockchain powered smartphones!
What!? Yeah! HTC, the Taiwanese tech giant, announced on the Consensus 2018, that they will be producing a blockchain powered smartphone, which will go on sale in October this year and users can purchase it using Bitcoin.
According to the Exodus (the upcoming blockchain phone) project leader Phil Chen, the phone will have a built-in secure hardware enclave as he and his team want to see a world where "the end consumers can truly own their data, such as browsing history, identity, assets, wallets, emails, messaging, without the need for central authorities", reports newsbtc.com
We're probably not just talking about built-in cryptowallets, NFC crypto payments here anymore, we're potentially looking at tech that can be used to decentralize the system even more. Anonymous everything. Except what goes through your cellphone carriers gates :)
Initial thought is a slow and clunky device, but i'll hold my prejudiced opinion back as innovation comes and smacks us in the face. Time will tell. Perhaps i'll be one of the first users of said Exodus :)
Bitshares!
Bitshares, our old friend, is breaking records it own records, with processing 1,598,882 transactions within a 24-hr period, lagging only behind Steem, who'se holding the crown and the scepter with more than 2 mil transactions.
Bitshares - State of the Network - 15th May 2018
Catch up with Bitshares state of the network right here on Steemit:
https://steemit.com/bitshares/@steempower/bitshares-state-of-the-network-15th-may-2018
Wanted!
In light of constant FUD and drama, the sheriffs have issued a warrant for the following individual:
Materials and sources:
newsbtc.com
newsbtc.com
Bitshares - State of the Network - 15th May 2018
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