Must-reads for September 4, 2018: The connection of Mueller Bitcoin, behavior not similar to the Lady, waste of crypto energy and more | Modern consent

Here are the crypto stories you should see today


Dead Trees, Living Crypts (via Pixabay)

Bitcoin Suspect could make light on the Russian targets of Mueller (Bloomberg)
Remember the name Alexander Vinnik? He managed BTC-e, the exchange of cryptocurrencies that seemed too willing to recycle money for Bond's bad type characters. He was brought down from FinCEN, with the help of the IRS, and now sits in a Greek prison. Some of the bitcoins Vinnik would have helped to recycle belonged to a Russian hacking unit now under investigation by special adviser Robert Mueller. See? It's all connected.

The Baroness, the ICO fiasco, and enter Steve Wozniak (Financial Times)
Michelle Mone, aka Baroness Mone, of Mayfair in the City of Westminster, OBE, sits in the British House of Lords thanks to the # 39; former Prime Minister David Cameron, so we know where he is going. Lady Mone and her boyfriend, Doug Barrowman, have launched an ICO for something called EQUI Capital. Not surprisingly, this too was a messy mess. In the process, investors and promoters were infuriated and the name of Steve Wozniak was somehow thrown into it. When Jemima Kelly, of the Financial Times, started reporting on it, EQUI sent her a creepy, vile and threatening e-mail destined to intimidate her (she is republished in the article).

How much electricity is consumed by Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Monero? (Great Wall of Numbers)
If there is only one piece you can read this week, this is it. Perhaps one of Crypto's top experts today is Tim Swanson, founder of Post Oak Labs. For years he has been discussing the use of energy and coins. His latest work analyzes the energy use of different ecosystems, including Bitcoin, Bitcoin Cash, Ethereum and Monero. "You do not have to be a hippy tree hugger (I'm not) to clearly see that a proof-of-work blockchain (like Bitcoin and its derivatives) currently consume more resources than they create, but this math is waved by hand by the lobbyists of coins. "

Google releases tools to probe Ethereum's blockchain (TheNextWeb)
Do you have any crazy questions about what's going on in the Ethereum universe? You are lucky! Google has now added Ethereum to its BigQuery tool, a product launched at the beginning of this year that allows users to analyze Bitcoin. What makes it perhaps even more important than Bitcoin data mining is that the new plugin covers not only the ether but also all those smart and token contracts in the ecosystem. In other words, we will be busy making all sorts of weird questions for the next few months.

Ripple CTO's previous Blockchain CTO project enters the Closed Beta (CoinDesk)
Stefan Thomas, the former CTO of Ripple who created the corporate version of smart contracts, started in May to form the coil. The reel uses some of Ripple's technologies to allow content creators to be paid by users in other ways, for example, in addition to advertising. Now it's live-good, sort of. It's in a closed beta. Let's see what happens.

Bitcoin gets a mention on the rapper New album by Eminem & # 39; Kamikaze & # 39; (CoinTelegraph)
If a tree falls in the forest …?

California passes Bill that defines Blockchain and Crypto Terms (
The Golden State has jumped on the scrambled bandwagon. By joining states such as Arizona and Ohio, the legislator has just approved a bill that will define certain terms and modify the statutes of electronic signatures to include smart contracts.

Bittrex to Delist Bitcoin Gold by mid-September, following $ 18 million Hack of BTG in May (CointTelegraph)
If a cryptographic exchange believes that your currency is too dangerous to trade So you know you're in trouble. This is the case of the Bitcoin Gold delisting by Bittrex. The hard-forked Bitcoin currency has been the subject of a "51 percent" hacker attack at the beginning of the year, allowing thieves to "double spending" make it with $ 18 million in the currency . One of the exchanges they suffered was Bittrex.

Thailand is becoming a critical country for the blockchain (TechCrunch)
Thailand has for years been at the forefront of consumer technology. They were using cell phones to pay for things in the 1990s, while most Americans were shocked to receive a text message. Now they are going into encryption and their government is trampling on the gas.

Alibaba leads China's drive to secure new blockchain technologies (Nikkei Asian Review)
Ten percent of the world's blockchain patents filed in 2017 were made by China's dominant online retailer, Alibaba. In total, 56 percent of all US patents were archived by Chinese companies last year.

Former Prime Minister Estonian becomes Blockchain Startup Advisor (CoinDesk)
While the American president is struggling with control of himself on Twitter, other countries have leaders who go to work in space cryptosystem. Murica!

Lawrence Lewitinn, CFA is editor-in-chief of the Modern Consensus. Disclosure: Lewitinn does not own cryptocurrencies in its portfolio.

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