The Intrepid Report Issue #38


Latest Crypto News

Blockchain & Cryptocurrency News & Insights

Here’s what’s in store for you this week: The SEC and CFTC have been taking on relatively major regulatory decisions and actions this week, and a study has found that more women are investing in cryptocurrency. We’ve got insights on the widely publicised Bitcoin manipulation study, as well as thoughts from the Blockchain Review on blockchain and decentralised gaming distribution, and much more. Check it out below.

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

CFTC Subpoenas Cryptocurrency Exchanges In Bitcoin Futures Investigation
Due to suspicions of market manipulation that may impact the final settlement price of CME’s bitcoin futures, the Commodity Futures Trading Commission (CFTC) has reportedly subpoenaed four cryptocurrency exchanges, requiring them to provide “comprehensive trading data to assist a probe into whether manipulation is distorting prices” in the bitcoin-linked futures market.
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Women Make Up the Numbers for New Cryptocurrency Investors
Over the last six months, the amount of women considering an investment in cryptocurrencies has gone from 6% to 13%. Interest among male investors has levelled out, with no major growth from male audiences. As a result, women are considered the ‘growth audience’ for crypto. Here are some statistics, including differences in investing behaviours between men and women.
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Bitcoin’s Price Was Artificially Inflated, Fueling Skyrocketing Value
A concentrated campaign of price manipulation involving Bitfinex may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year, according to a paper released on 13 June by an academic with a history of spotting fraud in financial markets. The new paper helped push down the already sinking price of Bitcoin and other cryptocurrencies on Wednesday.
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SEC: Ethereum Not a Security, ICOed Security Tokens Can Become Non-Securities
In an announcement on 14 June, the U.S. Securities and Exchange Commission Director of Corporate Finance William Hinman said that the commission would not be classifying ether or bitcoin as securities. Hinman’s announcement marks the official position of the SEC: the name isn’t important, but the way in which it’s sold, promised, and behaves is the key deciding factor.
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SEC Allows Buying of Stocks with Crypto for First Time
One company has taken a giant leap forward in terms of the US Securities and Exchange Commission (SEC), by accepting payment in crypto for stocks. This development implies that the SEC is open to consider cryptocurrency use on a case-by-case basis, which allows for major shifts to occur, driven only by innovative companies willing to be open and transparent with their operations and, to “[follow] all SEC guidelines”.
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The latest insights, thoughts, and analysis from the Intrepid Team

Blockchain & Decentralized Gaming Distribution: Benefits for Indie Developers & Gamers
If you’ve ever developed or bought games, you might have noticed a recurring problem. It is undoubtedly expensive to sell games on a distribution platform, and it’s also expensive to purchase games. The good news is that blockchain technology has the potential to benefit both developers and players by alleviating the main issues that make it expensive to sell and buy games in the first place.
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Articles, white papers, ebooks, and more

Community Rejects Bitcoin Manipulation Study, Bitcoin in Slight Recovery
The study (covered above in the What’s In The Media section) was originally covered by the New York Times and picked up by many media outlets. Coming as it did in the middle of a major cryptocurrency market downturn, it gained a lot of attention. Many in the cryptocurrency community, expressing themselves through Twitter and Reddit, have roundly criticised the study.
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This Is How Easy It Is to Buy ICO Ratings — An Investigation
Newcomers and inexperienced investors are especially trusting ICO rating platforms when looking for information for their investment decisions. However, many rating platforms long ago earned a dubious reputation amongst industry experts. Here’s how “expert reviews” could be easily bought or manipulated.
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What Would Happen to Crypto in a Global Market Meltdown?
A common thought experiment in the crypto community is to ponder how cryptocurrencies would fare in the event of another global financial meltdown. What would the impact be on bitcoin and other cryptocurrencies? Read on for some potential scenarios we can anticipate.
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What Do We Mean by “blockchains are trustless”?
Many of us are guilty of describing blockchains as “trustless” systems. However, the term “trustless” is ambiguous, confusing, and most importantly, inaccurate. Blockchains don’t actually eliminate trust. What they do is minimize the amount of trust required from any single actor in the system. Here’s a detailed explanation.
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The Best Bitcoin Mining Software of 2018
As interest in crypto continues to rise, so does the number of new miners entering the mining arena. While this is exciting news in terms of adoption, it can leave miners battling to find the best Bitcoin mining software to stay profitable. You’ll need a combination of a reliable mining rig and the best Bitcoin mining software available to stay on top in 2018.Read More 

Updates on what we’re up to and our upcoming events

Metabase Pre-Sale Whitelist
The Metabase Pre-Sale 1 is coming to an end in 3 days. Metabase is a high-performance and smart opcodes blockchain platform we’re building. Buy now and get a 25% discount as well as no token usage restrictions.
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Blockchain 3.0 – Manila Meetup (21 June)
Co-Hosted w Makati Digital Currency Meetup: This meetup will address some key questions in Blockchain 3.0 through a panel discussion with a multi-disciplinary panel of speakers. Zach, our co-founder and Chief Development Officer, will lead the discussion with panelists from SCI Ventures, EOS Philippines,, Bloom solutions, and independent investors and developers. Join us if you are in the region.
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Blockchain 3.0 – Singapore Meetup (27 June)
Blockchain technology is rapidly evolving thanks to the pioneers in Bitcoin, Ethereum and others. Current blockchain platforms are good but limited in capabilities due to design constraints. This meetup will address some key questions in Blockchain 3.0. Specific discussion points include both technological and business needs – scaling, storage, processing, security, centralization, scalability, evolution of smart contracts to Smart OpCodes. Save your spot now!
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We’re Coming to Echelon Asia Summit 2018
Zach, our co-founder and chief development officer will be discussing all things blockchain, ICOs, cryptocurrencies at the Future Stage and Founders stage with other influential figures in the region. Come say hi to us if you are around too!
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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.