The SEC’s still on a roll — Timothy Enneking of Crypto Asset Management LP, a “crypto hedge fund,” is busted for misrepresentations and registration failures — “falsely claiming that the fund was regulated by the SEC and had filed a registration statement with the agency.” Enneking will pay a $200,000 fine. Here’s the administrative order (PDF).
It turns out a bubble economy does not make for a stable customer base — there’s suddenly a pile of empty offices in Canary Wharf, as the price collapse takes hold.
Continuing in the grand tradition of Ethereum smart contracts, 333 ETH, the fourth most popular Ethereum dapp, is a Ponzi scheme — offering 3.33% returns daily. It appears not to pay out reliably, oddly enough.
Smart contracts on EOS work very like smart contracts on Ethereum — they’re buggy, and all thefts are final. Someone who read DEOS Games’ contract terms more closely than the programmers who wrote it scored 4728 EOS with repeated withdrawals.
ICOs are panic-selling their ether while it’s worth anything — they’ve sold 160,000 ETH in the past ten days, or 283,000 in the past 30 days. That’s three times what they sold off in August.
Breaker have an interview with Maria Bustillos of the Civil ICO for journalism on the blockchain. It’s all about the frankly implausible schemes for how Civil is supposed to work — and nothing about the flows of cash in the ICO, particularly those to Consensys. (ICOs are 0% about the unlikely future, and 100% about the flows of cash.) But the revelation that she’s an early Bitcoiner explains the sort of thinking that makes her claim that me quoting Civil’s own web site constituted “willful misrepresentations.”
The Coinsbank Crypto Cruise featured a debate between Jimmy Song and Roger Ver — and they started fighting 37 seconds in. The forthcoming Laurie Penny piece should be a blinder.
I’m almost home from my rather terrifying and epic adventure in crypto-hippy blockchain ewtopia. It was great and awful and fascinating. I am tireder than I have been in a long time. Full story will be out in a week or so. Going home to sleep.
— Laurie Penny (@PennyRed) September 12, 2018
Digging into Browser-based Crypto Mining. “We identify and classify mining websites on a large corpus of websites and present a new fingerprinting method which finds up to a factor of 5.7 more miners than publicly available block lists.”
Bitcoin futures get a lot of headlines for novelty value, but they’re … not that big, in the scheme of things? e.g., CME futures on SOFR — the US Federal Reserve Bank’s preferred alternative to the LIBOR benchmark — get less headlines, but are vastly higher volume.
I’m shocked, shocked to hear that the HitBTC bitcoin exchange suddenly wants more know-your-customer information when you want to withdraw your coins.
Not a cult!! https://t.co/gBNmXE3ls9
— Rory Cellan-Jones (@ruskin147) September 15, 2018
Aaron Stanley — Have We Reached ‘Peak Blockchain Conference’ Yet? Sponsors are pulling out. Even during the bubble, quite a few conferences expected speakers to pay their own way there. For “exposure.”
— Baroness (Michelle) Mone OBE (@MichelleMone) September 14, 2018
Not crypto — but realtwitter.com is the Twitter you always wanted — just your timeline, in reverse order. It’s a shortcut for the search “filter:follows -filter:replies”.
Alexa, please show me the only two people still trading on Gemini: pic.twitter.com/HXZBDDjYEw
— CasPiancey (@CasPiancey) September 15, 2018
I'm not part of a cryptomining botnet.
I'm just an undervalued server participating in the gig economy.
— seasonally affected server (@sadserver) August 20, 2018
a blockchain but for all the lies you tell yourselves to get through the day.
— seasonally affected server (@sadserver) August 30, 2018
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