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The Week In Bitcoin - Issue #97 - Vitalik Ethsplains Bitcoin, China Goes Cray, Doge Gets A Run In The NYT & More

The Week In Bitcoin
The Week In Bitcoin - Issue #97 - Vitalik Ethsplains Bitcoin, China Goes Cray, Doge Gets A Run In The NYT & More
By Alan Tsen • Issue #97 • View online
I’ve been writing this newsletter for almost 2 years and I still can’t believe how much news there is in the chains and digital currency space on a weekly basis - I wonder what it all means? 🤔
This week a quote from Vitalik explaining the difference between Bitcoin and Ethereum. I call this ethsplaining - which should always be punctuated with an explanation of proof of stake. Casper anyone? 👻
China is still (apparently) going hard at ICOs and digital currencies. Having said this, I really would like to see a reputable law firm bring out some analysis around the legislative stance being adopted there. It’s a bit hard to figure out what is fact and what is ficiton around this - turns out Google translate isn’t great for legal commentary. 
Jackson Palmer gets a run in the NYT - something about a bubble in digital currencies… meh, to the moon and all that 🚀
👉  Got some interesting news I should include in my newsletter? DM slide me on the Twitters, Snap or Insta (I’m @alantsen across the distributed world wide web of social). 
— Alan Tsen 👊💯
Ps. If you like what I’m doing here please feel free to share it on your favourite social media network. Also, it’d be great if you forwarded this newsletter to a friend you think might enjoy it.

📰 News This Week
Vitalik Ethsplains (H/T @Joonian)
Vitalik Ethsplains (H/T @Joonian)
The SEC appears to have taken very thoughtful action on two crypto projects to date. Nay-sayers are predicting the end, while proponents of crypto dismiss the..
techcrunch.com  •  Share
China’s bitcoin and cryptocurrency exchanges have received instruction that they will need to voluntarily shut down by September 15. According to both leaked documents and statements from local exchange executives, issued on condition of anonymity, China’s regulators have now issued verbal…
www.coindesk.com  •  Share
With Juan Benet and Chris Dixon The story of how…
pca.st  •  Share
Some interesting proposal being tabled for the ZCash grants. Worth a looksy. 
github.com  •  Share
Google, Really?
Even Google is pumping 😂
Even Google is pumping 😂
Today the Turnbull Government introduced legislation to deliver on the 2017-18 Budget promise to remove the double taxation of digital currency, action that will further cement Australia’s reputation as a global FinTech centre.
sjm.ministers.treasury.gov.au  •  Share
Two local governments in Switzerland now accepts tax payments via BitCoin.
www.taxationinfonews.com  •  Share
French insurance giant AXA has launched a new flight delay insurance product that uses the public ethereum blockchain to store and process payouts.
www.coindesk.com  •  Share
Jackson Palmer no longer thinks it’s funny to imitate Doge, the internet meme about a Shiba Inu dog whose awe-struck expressions and garbled syntax (e.g. “Wow. So pizza. Much delicious.”) made him a viral sensation several years ago.
mobile.nytimes.com  •  Share
Think bitcoin has been in bubble territory? You ain’t seen nothing yet, as the cryptocurrency needs to surge about 300 times it value over the next several years to be considered a legitimate currency or risk retreating into obscurity and obsolescence, says one industry expert.
www.marketwatch.com  •  Share
The push from President Donald Trump to change the current state of taxes in the country could potentially benefit those who use bitcoin.
With new tax reform coming from the president as well as the Republican Party as a whole, the hopes are high that taxes will be eased and cryptocurrency may be added in to the reform.
typeboard.com  •  Share
A legal spat is developing between “bankchain” companies R3 and Ripple, with both filing suit against each other over a past XRP deal now worth $1 billion.
bitsonline.com  •  Share
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Alan Tsen

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