Ponzi Scheme BitConnect Plummets 90% (The Merkle)
"Due to the nature of crypto, it is highly unlikely that duped investors will receive any sort of compensation. Since the announcement, BitConnect has dropped from its position in the top 30 on CoinMarketCap to well below the top 100."
North Korean Hacker Group Seen Behind Crypto Attack in South (Bloomberg)
"The cybersecurity company said it found technical similarities between those incursions and other North Korean-linked activities, including the data heist at Sony Pictures and the WannaCry ransomware attack."
U.S. Warns Investors to Avoid Venezuela's 'Petro' Cryptocurrency (Fortune)
"The U.S. Treasury said Tuesday that Venezuela’s petro could put U.S. citizens at 'legal risk' because investing in the cryptocurrency potentially conflicts with U.S. sanctions against the South American country, according to a Reuters report."
One Person May Have Driven Bitcoin’s 2013 Jump to $1,000 (MIT Technology Review)
"A Journal of Monetary Economics paper examines how two bots, Markus and Willy, performed suspicious trades on the Mt. Gox Bitcoin exchange in 2013. The bots appeared to be making regular trades, but didn’t actually own any of the bitcoins they were using to make them."
Is This the Beginning of the End of the Bitcoin Bubble? (The Atlantic)
"Blockchain might be the technology of the future. But it has practically nothing at all to do with the economy of the present."
The Misaligned Incentives of Protocol Developers (Hackernoon)
"Once these successful blockchains have developed their moats, there will be a serious incentive problem that we will all have to reckon with; why would developers (or more specifically, early token holders with governance klout) continue to improve scalability?"
Why Market Capitalization Isn’t a Good Metric for Cryptocurrencies (Hackernoon)
"Holding one unit of a public company (a share) represents something different than holding one unit (a coin) of a cryptocurrency."
Lightning Charge Powers Developers & Blockstream Store (Blockstream)
"Bitcoin users are now able to take advantage of instant bitcoin transactions, improved scalability, and lower fees—enabling many new use cases, such as micropayments."
ZCASH-Introducing Our UX Guidelines for Wallet Developers (ZCash)
"We have compiled a checklist of good practices that can be applied to any cryptocurrency wallet with a graphic user interface. If you’re building a wallet that supports Zcash, we encourage that you use this checklist to catch common usability problems before launch or user testing."