The Intrepid Report Issue #35


Latest Crypto News

Blockchain & Cryptocurrency News & Insights

The latest crypto news in this week’s Intrepid Report: the US launches a criminal probe into Bitcoin price manipulation, Verge succumbs to another attack, and Ethereum’s blockchain size exceeds 1TB and what the challenges this brings. We’ve also got insights from the Blockchain Review on how to get crypto funds to contribute to your ICO, and a post on Metabase and what makes it different from other blockchain platforms. Check it out below.

P.S. Had a chance to check out Metabase yet? We’re building a new blockchain platform to power next-generation businesses. Join our Metabase Telegram channel to learn more.

Key news highlights. What’s going on in the world of Blockchain?

U.S. Launches Criminal Probe into Bitcoin Price Manipulation
The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter. The investigation is focused on illegal practices that can influence prices — such as flooding the market with fake orders to trick other traders into buying or selling.
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Inside the Marshall Islands’ Crypto Launch
The Marshall Islands is launching its own national cryptocurrency token dubbed the Sovereign, or SOV, which will be legal tender for citizens and businesses on the island. You would be forgiven for letting the Marshall Islands slip your mind. The tiny nation of around 53,000 people sits in the middle of the Pacific Ocean, cast away from Silicon Valley or Switzerland’s Zug Valley, but it’s quietly plotting a project that could have a major impact on how cryptocurrency is viewed and regulated.
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Nobody Knows Exactly How Much Energy Bitcoin Is Using
By the end of this year, Bitcoin may account for a whopping half of a percent of the world’s total energy demand. It doesn’t sound like much, but that is roughly equivalent to the energy needs of Austria, a country of nearly nine million people.
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Privacy Coin Verge Succumbs to 51% Attack – Again
Privacy-centric cryptocurrency Verge (XVG) appears to have succumbed to a 51 percent attack for the second time since the beginning of April. According to data published on BitcoinTalk by forum user ocminer — operator of altcoin mining pool Suprnova — an attacker appears to have successfully forked the Verge blockchain through a 51 percent attack and steal over $1.7 million.
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20% of Financial Institutions to Offer Crypto by 2019
Thomson Reuters has released the results of a survey concerning cryptocurrency trading and financial institutions. According to the press release, the survey covered more than 400 of its clients, meaning companies that use its services to offer foreign exchange trading. Approximately 20 percent of the respondents said that they are considering adding cryptocurrencies as a trading option for customers within the next 12 months.
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The latest insights, thoughts, and analysis from the Intrepid Team

How to Get Top Crypto Funds to Contribute to your ICO
Institutional money has begun to pour into the crypto and blockchain industry as signs of maturity emerge and regulators start to clarify their positions. If you want to attract the top crypto funds, stop acting like a typical crypto project and nail these three fundamentals.
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Articles, white papers, ebooks, and more

The Problem with Ethereum
This is a must read. The Ethereum-blockchain size has exceeded 1TB. This is an issue. Read this incredibly comprehensive, albeit a little technical, article about major problems facing Ethereum. It’s worth repeating that this is an absolute must read.
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The State of Cryptocurrency Mining
Curious about the world of cryptocurrency mining? This article goes deep, and pulls back the veil on a world that is largely out of view for the majority of crypto enthusiasts.
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Why Are People Buying Cartoon Cats?
CryptoKitties is a game to buy, breed, and sell digital cats on the blockchain. These cats are more similar to real-world collectibles like beanie babies or baseball cards than they are to cryptocurrencies like Bitcoin or Ethereum. In just the last few months, a whole community of third party sites and services has formed around CryptoKitties. And fans have spent more than $23 million playing along.
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Updates on what we’re up to and our upcoming events

Crypto 2.0: Scaling Blockchain Technology Platforms
Why does scalability in next-generation blockchains, or Bitcoin/Ethereum alternatives matter? What is Metabase, what makes it different, and how does it overcome the limitations of current blockchain technology? Read this post for bite-sized insights on Metabase.
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Get the latest crypto news daily. Join the Intrepid Report Telegram channel to get breaking crypto news & intelligence.

Want to learn more about blockchain? Check out our new micro-site How Does the Blockchain Work, a clear and non-technical guide on how blockchain, Bitcoin, and Ethereum works, and more. Check it out.

Interested in learning from leading entrepreneurs in the blockchain world? Check out our Founders in Focus interview series on YouTube. A show where we uncover the personal stories and journeys of founders and innovators from the crypto sphere. 

Julien Breteau is Head of Content Marketing at Intrepid Ventures, a blockchain venture studio. He’s focused on championing Intrepid’s mission, delivering thought-provoking, high-quality content, and engaging with Intrepid’s growing communities around the world.