EtherWorld's weekly: June 25, 2017

(Blockchain Newspaper)
News

  • Ethereum Flash Crash - ETH from 318 USD to 0.10 USD in seconds, was probably the hottest news of the week in cryptocurrency.
    According to GDAX, on 21 June 2017 at 12:30pm PT, a multimillion dollar market sell was placed on the GDAX ETH-USD order book. This resulted in orders being filled from $317.81 to $224.48, translating into a book slippage of 29.4%. This slippage started a cascade of approximately 800 stop loss orders and margin funding liquidations, causing ETH to temporarily trade as low as $0.10. GDAX suspended trading for a while. Later, on June 23, 2017, they announced the decision to cover losses from margin orders.

  • CNBC - Meet Vitalik Buterin, the 23-year-old founder of bitcoin rival ethereum

  • Accenture and Microsoft develop global blockchain digital ID platform

  • Vitalik Buterin is writing for Cato Unbound - A journal of debate: Change the Incentives, Change the World

  • Nick Johnson shared a new "A proof-of-concept of a better crowdsale contract" . He has written up a POC for an offchain auction-based contract, to start a conversation on better ways to do ICOs.

  • India moving towards legalization of ‘Virtual Currency’

  • Bank of Thailand acknowledged DLT’s potential to replace centralized institutions.

  • Cambodia’s central bank has announced plans to continue work on a blockchain-based interbank payments and lending solution.

Project updates

New Projects

  • SwarmCity is launched.

  • Swap - The decentralized token trading ecosystem (beta release program) is introduced on June 21, 2017.

Newbie's centre

Developer's Update

  • Latest new and improved pyethereum released!

  • Geth 1.6.6 (lgtm on mobile) is released.

  • EIP648: nodes could parallel process on multiple cores. According to Reddit thread, this would allow us to put a massive sale like Status on just one of the threads, and the Ethereum network stays fine.

  • TrueBit is hiring.

  • VISA wants a blockchain engineer with Ripple or Ethereum experience

ICO / Token sale updates

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