a few days ago, a hacker compromised the Crowd Machine’s cryptocurrency wallet and stole over 1 billion CMCT tokens, most of which were then dumped on exchanges, so the price dropped by almost 86%. Crowd Machine’s team is unable to make any further comments, because of ongoing investigation. Reminder: Crowd Machine conducted a pre-sale of CMCT tokens in April, trying to build a global distributed cloud. A project got lots of attention after two former developers from Blockstream joined it.
Google is partially reversing a ban on crypto-related ads, planning to allow regulated crypto exchanges to buy ads in the U.S. and Japan, starting from October. Note that other crypto-related products like ICOs, wallets, or trading advice will remain banned, unless the tech giant says otherwise. Reminder: in June, Facebook updated its policy to allow ads that promote cryptocurrency content from pre-approved advertisers.
Bakkt has officially announced on Twitter that their first Bitcoin contracts will be physically delivered Bitcoin futures, so buying one USD/BTC futures contract will result in daily delivery of one Bitcoin into the customer’s account. Reminder: Intercontinental Exchange (ICE), the parent company of the leading stock exchange in the world, New York Stock Exchange, is developing Bakkt, a global regulated ecosystem for cryptocurrency. Bakkt plans to launch a 1-day physically delivered Bitcoin contract in November 2018.
the San Francisco-based cryptocurrency exchange Coinbase has announced a new system of listing cryptocurrencies, setting out clear guidelines for projects that want to be listed. Reminder: previously, there was no formal mechanism to request a listing on Coinbase.
Tokyo-based financial giant SBI Groups has announced that it’s testing a new “S coin” token to be used for mobile retail payments. S coin is based on distributed ledger technology (DLT). Trial participants will use a token to make cash-free purchases around the firm’s headquarters in Tokyo.
the first global test of next-generation Red Belly Blockchain has shown that the blockchain can process up to 30,000 transactions per second from different geographic regions with an average latency of 3 seconds. The Red Belly Blockchain was developed by Data61, an arm of an independent Australian federal government agency, the CSIRO. Reminder: Bitcoin process ~3 TPS, NANO achieved 756 TPS during stress test, IOTA processed over 11,000 TPS during simulation, and VISA handles on average ~2,000 TPS.