Coin Sheet - July 10, 2017

◤WHAT PEOPLE ARE TALKING ABOUT

In Adoption: 

  • The Swiss city of Zug announced a plan to verify IDs using Ethereum. Local citizens will use a new app that connects their ID with their a unique crypto-address. Residents will be able register and get verified by city officials.
  • Thomson Reuters launches Blockchain startup incubator.
  • Russia gets it's first sanctioned cryptocurrency to track beef.

In look, someone actually did something useful with blockchain news: Mizuho completes Australia-Japan trade on a Blockchain.

The benefits doing this transaction on a Blockchain were listed as:

  • Shorter delivery time for trade documents (from days to hours).
  • Reduction of time required to create and transmit documents.
  • Increased transparency by sharing transaction details with all parties

The issues were

  • It is not possible to transmit trade transaction information in digital blockchain format to parties who do not use the platform.
  • Requires standardizing the information for blockchain at an international level
Source - Diagram of Transaction

Source - Diagram of Transaction

Regulation Station: Poland ain't about that cryptocurrency life. Some Polish regulators said that investors and banks should avoid dealing with cryptocurrencies.

Q2 Roundup of developmental updates from the Ethereum Foundation. If you're all about that Ethereum life, you should give this a read.

Whale News: A "secret"  trader turned $55 million of paper wealth into $283 million in just over a month.

◤THINGS I LIKE

This article from WSJ talking about ICO's and IPO's.

This is neat, Creating a Bitcoin Bank in Less Than Thirty Minutes With a $2 USB Drive (Note, this type of wallet is not secure like a Ledger Nano or Trezor).

Can Ethereum casino games disrupt the online gaming industry?

This article from the Economist...from January 9, 1988.

◤MARKET SENTIMENT

What is this? Read here under ◤MARKET SENTIMENT.

What is this? Read here under ◤MARKET SENTIMENT.

◤QUOTE OF THE DAY

The real measure of your wealth is how much you’d be worth if you lost all your money.
— Anonymous

Click here to learn more about becoming a Coin'bassador.

Want to support CoinSheet but don't know how? Become a Patron at $0.038 per sheet.