🌏 World Bank issues blockchain-only bond "bond-i," short for "blockchain operated new debt instrument, is a two-year bond arranged by Commonwealth Bank of Australia using a "private Ethereum blockchain." The World Bank's issued other pioneering bonds in the past, including the first globally-traded and settled bond in 1989, and the first fully-integrated electronic bond in 2000.
🇰🇷 Upbit In the middle of a bear market, South Korea's leading crypto exchange Upbit still managed to turn a profit of around $100m this quarter while Bithumb, South Korea's second largest crypto exchange, saw profits of less than $40m.
📞 Ethereum core devs call Today's 2-hour call covered major changes to the ETH block reward, viability of long-term scaling solutions, and the upcoming upgrade in October. Since there's a significant number of outstanding issues remaining, a follow-on meeting has been scheduled for August 31st.
📄 Mt. Gox bitcoin creditors have started submitting proofs in order to claim refunds in the exchange's rehabilitation process. If you're unfamiliar with the history of Mt. Gox and its infamous hack, you can get caught up here.
☑️ We might be doing a panel on cryptocurrencies at SXSW, but we need your vote.
🚀 Long Game: Crypto Rewards Personal finance app Long Game, which gamifies millennials’ saving habits, just launched Crypto Rewards. Cryptoassets that users can earn for saving include BTC, ETH, BAT and 0x.
📖On Schelling points, network effects and Lindy: Inherent properties of communication. Willem Van Den Bergh first explains how the Network effect, Lindy effect, and Schelling point are facets of one overarching phenomenon: the adoption of one monopoly communication protocol through free market competition. He then argues that the emergence of Bitcoin signals the imminent end of the dollar's Lindy Cycle.
QUESTION OF THE DAY
What do most people not understand about the regulatory ecosystem?
Sending some of the coins of a native cryptocurrency to a public address from which those particular coins can never be spent (because its private keys are unobtainable). Why do this? A few reasons: to make new coins, reward coin holders (less coins = more scarcity = likely price appreciation), and to destroy unsold coins after an ICO.