Crypto Month in Review – June 2018


Previous reviews: [Jan](https://np.reddit.com/r/CryptoCurrency/comments/811sc5/month_in_review_february_2018/), [Feb](https://np.reddit.com/r/CryptoCurrency/comments/7uiw0h/month_in_review_january_2018/), [Mar](https://np.reddit.com/r/CryptoCurrency/comments/8966ew/crypto_month_in_review_march_2018/), [Apr](https://np.reddit.com/r/CryptoCurrency/comments/8gh44v/crypto_month_in_review_april_2018/), [May](https://np.reddit.com/r/CryptoCurrency/comments/8nns5y/crypto_month_in_review_may_2018/)

Crypto moves way too fast for me to keep up, so I aggregate each day’s biggest headline and publish the list at the end of the month. Below is my list for June. My main news source was reddit. My main holdings are ETH and NANO, but I try to make these lists as unbiased as possible.

[Market cap movement throughout June – a slight downward trend. Mostly sideways, with some sharp downward dips it has yet to recover from.](https://imgur.com/pvmnbRI)

6/1 – [Huobi, the 3rd largest exchange in the world, launches a cryptocurrency ETF that tracks the top 10 cryptos.](https://cointelegraph.com/news/third-largest-crypto-exchange-launches-crypto-based-exchange-traded-fund)
6/2 – [EOS’ year-long ICO comes to an end, raising a record $4 billion total, over twice as much as Telegram’s next most valuable ICO.](https://cointelegraph.com/news/eos-about-to-secure-a-record-4-bln-in-year-long-ico)
6/3 – [ZenCash undergoes two consecutive 51% attacks, with the attacks taking nearly 20,000 ZEN.](https://blog.zencash.com/zencash-statement-on-double-spend-attack/)
6/4 – [Apple co-founder Steve Wozniak says that he buys into the idea of Bitcoin becoming the single international currency.](https://www.cnbc.com/2018/06/04/apple-co-founder-steve-wozniak-hopes-bitcoin-will-become-global-currency.html)
6/5 – [The Indonesian government clears cryptocurrency to be traded on futures exchanges as a commodity.](https://www.ccn.com/what-ban-cryptocurrency-cleared-for-trading-as-commodity-by-indonesian-regulator/)
6/6 – [Internal job postings reveal that Fidelity Investments is building a cryptocurrency exchange.](http://www.businessinsider.com/fidelity-a-household-name-in-american-investing-is-plotting-a-big-move-into-cryptocurrency-trading-2018-6)
6/7 – [MasterCard files a patent for a system that would securely verify credit card purchases using data stored on a blockchain.](https://www.coindesk.com/mastercard-patent-would-put-credit-cards-on-a-public-blockchain/)
6/8 – [After a lengthy investigation, Korea National Tax Services fines Bithumb $30 million in unpaid taxes but finds no evidence of illegal activity.](https://twitter.com/BlockchainROK/status/1004952166862221312)
6/9 – [Columbian banks close all the accounts of South American crypto exchange Buda following legal issues with the platform.](https://cointelegraph.com/news/colombian-banks-close-all-accounts-of-s-american-crypto-exchange-buda)
6/10 – [The EOS main net launches, but struggles to get 15% of its tokens staked, which is required for the main net to allow transactions](https://eosauthority.com/voting)
6/11 – [Subscription-based crypto-mining company Argo Blockchain is approved to be the first blockchain related company listed on the London Stock Exchange.](https://www.newsbtc.com/2018/06/12/argo-blockchain-to-be-first-crypto-company-listed-on-the-london-stock-exchange/)
6/12 – [Iota and Volkswagen demonstrate a proof-of-concept for secure, over the air data exchange between autonomous vehicles at the Cebit 2018 conference.](https://cryptovest.com/news/iota-chosen-to-operate-volkswagens-autonomous-vehicle-software-updates/)
6/13 – [A study by the University of Texas at Austin concludes that the price of Bitcoin was inflated by Tether in December 2017 and January 2018.](https://www.nytimes.com/2018/06/13/technology/bitcoin-price-manipulation.html)
6/14 – [In both a written statement and a speech to the Yahoo All Markets: Crypto summit, SEC executive William Hinman declares that Bitcoin and Ether are not securities due to their decentralization. He also states that other ICO cryptocurrencies may be considered securities, and that it is possible for tokens to lose their security status over time.](https://www.cnbc.com/2018/06/14/bitcoin-and-ethereum-are-not-securities-but-some-cryptocurrencies-may-be-sec-official-says.html)
6/15 – [A fatal bug is found in the Icon smart contract that allows any unprivileged account to enable and disable ICX transfers for all accounts.](https://twitter.com/wolfcryptogroup/status/1007764965338550272)
6/16 – [Less than 48 hours after going live, the EOS mainnet pauses transactions to identify and fix a serious issue.](https://cointelegraph.com/news/eos-mainnet-experiences-freeze-two-days-after-launch)
6/17 – [The Brave browser commences a rollout of its ads trial program, allowing users to get paid in BAT to watch ads.](https://nulltx.com/brave-browser-commences-rollout-of-its-ads-trial-program/)
6/18 – [Payment services company Square is granted a BitLicense by New York, allowing state residents to buy and sell Bitcoin through its Cash app.](http://fortune.com/2018/06/18/cryptocurrency-square-jack-dorsey-new-york-bitlicense/)
6/19 – [$30 million of assets are stolen from Bithumb in the second such attack against the Korean exchange in 12 months. The exchange pledges to replenish the funds themselves and ensures no losses in users’ accounts.](https://mobile.twitter.com/BithumbOfficial/status/1009239883645243392)
6/20 – [A partial audit of Tether by DC law firm Freeh, Sporkin & Sullivan LLP concludes that Tether has enough money to fully back every USDT in circulation.](https://tether.to/wp-content/uploads/2018/06/FSS1JUN18-Account-Snapshot-Statement-final-15JUN18.pdf)
6/21 – [Nano releases mobile wallets to Android and iOS, but users immediately discover that the seed generation technique on the Android wallet is insecure. A hotfix is pushed several hours later.](https://medium.com/@nanowalletco/introducing-nano-wallet-from-the-nano-wallet-company-7083537b273f)
6/22 – [The Tokyo District Court halts the sale of any Bitcoin held by MtGox until February 2019.](https://www.mtgox.com/img/pdf/20180622_announcement_en.pdf)
6/23 – [Four blockchain entrepreneurs are awarded Thiel Fellowship grants: Vest co-founder Axel Ericsson, Polkadot co-founder Robert Habermeier, MyCrypto CTO Daniel Ternyak and Mechanism Labs co-founder Aparna Krishnan.](https://www.coindesk.com/4-blockchain-entrepreneurs-win-100k-thiel-awards/)
6/24 – [Chinese authorities arrest a man for allegedly stealing power to fuel a secret crypto-mining operation.](https://www.coindesk.com/chinese-police-arrest-crypto-miner-power-theft/)
6/25 – [Top venture capital firm Andreessen Horowitz raises $300 million for its first dedicated cryptocurrency fund. It plans to put the money in early stage tokens, as well as later stage networks like Bitcoin and Ethereum, and hold the investments for 10 years.](https://www.cnbc.com/2018/06/25/leading-venture-capital-firm-andreessen-horowitz-raises-its-first-dedi.html)
6/26 – [Facebook reverses its ban on cryptocurrency ads while maintaining its ban on ICO promotions.](https://www.facebook.com/business/news/updates-to-our-prohibited-financial-products-and-services-policy)
6/27 – [Malta, the current location of Binance headquarters, passes three cryptocurrency and blockchain related bills in an effort to draw more business to the “blockchain island”.](https://www.ccn.com/exclusive-maltese-government-approves-three-cryptocurrency-bills/)
6/28 – [Dan Larimer proposes an EOS “Constitution 2.0 “ through Block.one after 27 EOS accounts were frozen by EOS’ Core Arbitration Forum.](https://block.one/news/block-ones-proposal-for-eos-constitution-v2-0/)
6/29 – [A joint report from PricewaterhouseCoopers and the Swiss Crypto Valley Association shows that the ICO volume for 2018 has already doubled that of 2017.](https://cointelegraph.com/news/pwc-report-finds-that-2018-ico-volume-is-already-double-that-of-previous-year)
6/30 – [BitMEX CEO Arthur Hayes predicts the Bitcoin price to reach $50,000 by the end of 2018.](https://www.newsbtc.com/2018/06/30/bitmex-ceo-bitcoin-will-move-to-50000-by-the-end-of-2018/)

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EthereumJS Monthly Recap – June 2018


Hi everyone, this is the second of a monthly series giving a summary of what happened within the EthereumJS ecosystem, see [https://www.reddit.com/r/ethereum/comments/8nmelx/ethereumjs_monthly_recap_may_2018/](https://www.reddit.com/r/ethereum/comments/8nmelx/ethereumjs_monthly_recap_may_2018/) if you want to catch up with the developments in May.

**ethereumjs-block**

Our new common library ([https://github.com/ethereumjs/ethereumjs-common](https://github.com/ethereumjs/ethereumjs-common)) helping with chain and hardfork support is getting more and more stable and we are starting to use this in production and slowly extend chain and fork support on different libraries. The `ethereumjs-block` library made the start with a new `v2.0.0` release, now supporting chain-dependent genesis block initialization and correct block validation for all known hardforks. [https://github.com/ethereumjs/ethereumjs-block/releases/tag/v2.0.0](https://github.com/ethereumjs/ethereumjs-block/releases/tag/v2.0.0)

**ethereumjs-client**

Development on our new client library is off to a very pleasant start and we have already seen wonderful contributions from the community with substantial and high-quality work bringing the project forward. Thanks to the work of @fgimenez we have now tests and solid code structure for file and DB management ( see [https://github.com/ethereumjs/ethereumjs-client/pull/29](https://github.com/ethereumjs/ethereumjs-client/pull/29)). @yurenju introduced an extremely solid base structure including middleware for parameter checks and http testing for `JSON-RPC` calls ([https://github.com/ethereumjs/ethereumjs-client/pull/30](https://github.com/ethereumjs/ethereumjs-client/pull/30)), already implementing the `eth_getBlockByNumber()` call as a test call (which you can already try with `curl -X POST –data ‘{“jsonrpc”:”2.0″,”method”:”eth_getBlockByNumber”,”params”:[“0x1b4″, true],”id”:1}’ -H “Content-Type: application/json” http://127.0.0.1:8545|jq`).

Especially the latter one is an extremely good entry point if you want to engage in the project. So if you are looking for stuff you can contribute, just grab yourself another `JSON-RPC` call for implementation! [https://github.com/ethereumjs/ethereumjs-client](https://github.com/ethereumjs/ethereumjs-client)

**rlp**

There was a long-overdue maintenance release `v2.1.0` of the `rlp` library with some version and dependency updates. [https://github.com/ethereumjs/rlp/releases/tag/v2.1.0](https://github.com/ethereumjs/rlp/releases/tag/v2.1.0)

**ethereumjs-devp2p**

We had a bounty for node discover v5 implementation for our p2p library and work has finally started on this and is progressing well. So this should bring us an important step forward on the networking front once ready and allow for efficient light client syncing. [https://github.com/ethereumjs/ethereumjs-devp2p/issues/19](https://github.com/ethereumjs/ethereumjs-devp2p/issues/19)

**ethereumjs-vm**

A lot of work to do on the VM – being partly delayed since a big share of our team is currently busy working on the eWASM ([https://github.com/ewasm](https://github.com/ewasm)) implementation. If you want to help out on the VM have a look at the issue list. [https://github.com/ethereumjs/ethereumjs-vm/issues](https://github.com/ethereumjs/ethereumjs-vm/issues)

**ethereumjs-tx**

We had a bugfix release `v1.3.5` in June which introduced some error-prone behavior around the `FakeTransaction.hash()` function which was fixed in a subsequent `v1.3.6` release. This can cause problems in third-party libraries (e.g. `ganache`), so please update if you are on `v1.3.5`! [https://github.com/ethereumjs/ethereumjs-tx/releases](https://github.com/ethereumjs/ethereumjs-tx/releases)

Want to get in touch? [https://gitter.im/ethereum/ethereumjs](https://gitter.im/ethereum/ethereumjs)

View Reddit by HolgerD77View Source

r/Bitcoin recap – June 2018


Hi Bitcoiners!

I’m back with the eighteenth monthly Bitcoin news recap.

For those unfamiliar, each day I pick out the most popular/relevant/interesting stories in r/Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.

You can see recaps of the previous months on [Bitcoinsnippets.com](http://bitcoinsnippets.com/)

**A recap of Bitcoin in June 2018**

* 01: [The Visa network breaks down in Britain stopping any card transactions from working](https://www.reddit.com/r/Bitcoin/comments/8nt1ha/ill_say_no_more/)
* 02: [Bitcoin on the front page of the IMF website](https://www.reddit.com/r/Bitcoin/comments/8nxk24/bitcoin_on_the_front_page_of_the_imf_website/) & [An infographic of 152 fiat currencies that failed due to hyperinflation](https://www.reddit.com/r/Bitcoin/comments/8nwpo9/i_made_an_infographic_there_are_152_fiat/)
* 03: [70 shops accept bitcoin in Rovereto in Italy](https://www.reddit.com/r/Bitcoin/comments/8o7aus/rovereto_in_italy_village_of_40000_inhabitants_70/)
* 04: [Apple co-founder Steve Wozniak hopes bitcoin will become a single global currency](https://www.reddit.com/r/Bitcoin/comments/8oi74w/apple_cofounder_steve_wozniak_hopes_bitcoin_will/) & [Microsoft buys coding site GitHub where the Bitcoin source code repository is hosted](https://www.reddit.com/r/Bitcoin/comments/8ocpcf/microsoft_is_said_to_have_agreed_to_acquire/)
* 05: [GMO unveils its new miner](https://www.reddit.com/r/Bitcoin/comments/8oqa3l/gmo_unveils_new_miner_24_ths_1950_w_designed_in/) & [Stop focusing on price, start focusing on adoption](https://www.reddit.com/r/Bitcoin/comments/8orrxq/we_need_to_stop_talking_about_price_and_start/)
* 06: [The SEC chairman says Bitcoin is not a security](https://www.reddit.com/r/Bitcoin/comments/8p32xi/sec_chairman_cryptocurrencies_like_bitcoin_are/)
* 07: [The total mining power on the Bitcoin network rose by 5 exahashes over the last 2 weeks](https://www.reddit.com/r/Bitcoin/comments/8p75hm/the_bitcoin_hashrate_jumped_nearly_5_exahash_in/)
* 08: [An idea for a phone where the caller must pay you in bitcoin and is refunded after 2 minutes](https://www.reddit.com/r/Bitcoin/comments/8pd8t8/i_want_a_smart_currency_based_phone_where_the/) & [A discussion on applications that could be built on top of Lightning](https://www.reddit.com/r/Bitcoin/comments/8pki1m/its_amazing_to_see_ln_being_built_on_top_of/) & [More atomic swaps between Bitcoin and Litecoin over the Lightning Network](https://www.reddit.com/r/Bitcoin/comments/8pn2hw/the_future_is_here_atomic_swaps_between_bitcoin/)
* 09: [The narrative on r/Bitcoin begins to move towards adoption](https://www.reddit.com/r/Bitcoin/comments/8psqmj/in_the_philippines/)
* 10: [A discussion on Austrian Economics in relation to Bitcoin](https://www.reddit.com/r/Bitcoin/comments/8q144w/if_you_want_bitcoin_to_rise_teach_austrian/)
* 11: [Someone’s Lightning Network experience of 42 transactions](https://www.reddit.com/r/Bitcoin/comments/8q7fj3/so_far_ive_made_42_transactions_on_lightning/) & [Satoshis.place – A Lightning Network powered pixel art game](https://www.reddit.com/r/Bitcoin/comments/8q7ygt/day_3_of_satoshisplace_lightning_network_powered/)
* 12: [bitcoin accepted in a shop in a 550 year old market in Istanbul](https://www.reddit.com/r/Bitcoin/comments/8qlnz7/bitcoin_accepted_in_550_year_old_istanbul_market/) & [You can pay with bitcoin to advertise on this billboard](https://www.reddit.com/r/Bitcoin/comments/8q9ztt/you_can_pay_for_advertisements_on_this_billboard/)
* 13: [The psychology of a market cycle](https://www.reddit.com/r/Bitcoin/comments/8qrgbz/psychology_of_a_market_cycle/) & [A discussion on whether Tether played any role in the bitcoin price rise last year](https://www.reddit.com/r/Bitcoin/comments/8qsb2p/tether_used_to_manipulate_price_of_bitcoin_during/)
* 14: [A discussion to stop focusing on the bitcoin price and start focusing on adoption](https://www.reddit.com/r/Bitcoin/comments/8r2n53/stop_focusing_on_the_fucking_price_for_5_minutes/) & [The SEC says Bitcoin is not a security](https://www.reddit.com/r/Bitcoin/comments/8r658b/sec_made_a_announcement_about_bitcoin_not_being_a/) & [William Shatner becomes the spokesperson for a solar mining operation in the US](https://www.reddit.com/r/Bitcoin/comments/8qzlht/william_shatners_new_enterprise_a_solarpowered/)
* 15: [Bitcoin Core 0.16.1 is released](https://www.reddit.com/r/Bitcoin/comments/8rcgh9/bitcoin_0161_released/) & [According to Bloomberg a recent study on Tether manipulating cryptocurrency prices is underwhelming](https://www.reddit.com/r/Bitcoin/comments/8rbpv4/bloomberg_cryptocurrency_manipulation_study_is/)
* 16: [An anti-electricity cartoon from 1900, reminiscing of the media on Bitcoin today](https://www.reddit.com/r/Bitcoin/comments/8rj8hz/bitcoin_antielectricity_cartoon_from_1900/)
* 17: [Someone built a collaborative, livestreamed Pokemon Yellow game on the Lightning Network](https://www.reddit.com/r/Bitcoin/comments/8rmmn1/play_pokemon_yellow_with_lightning_hurry_up_1st/)
* 18: [Square obtains a Bitlicense in New York](https://www.reddit.com/r/Bitcoin/comments/8s0oio/square_is_rallying_after_obtaining_a_bitcoin/) & [BitGold in 1998 vs. Bitcoin in 2008](https://www.reddit.com/r/Bitcoin/comments/8rxsgq/bit_gold_1998_nick_szabo_bitcoin_2008_satoshi/) & [The correlation between the amount of comments on r/bitcoin and the daily trading volume](https://www.reddit.com/r/Bitcoin/comments/8ry991/correlation_between_reddit_daily_discussion/)
* 19: [The most southern Bitcoin node in the world](https://www.reddit.com/r/Bitcoin/comments/8s58na/i_run_the_most_southerly_bitcoin_node_in_the/)
* 20: [Bithumb exchange loses $30M from a hack](https://www.reddit.com/r/Bitcoin/comments/8sed2y/2nd_korean_exchange_to_be_hacked_in_june_bithumb/)
* 21: [An example of the importance of running a full node](https://www.reddit.com/r/Bitcoin/comments/8si5na/bitcoin_is_an_adversarial_network_by_my_count/) & [Schiphol Airport in Amsterdam allows you to exchange local euros for global bitcoins in a 6 month pilot](https://www.reddit.com/r/Bitcoin/comments/8sh1n4/schiphol_airport_amsterdam_allows_travellers_to/) & [An AI startup is building on the Lightning Network](https://www.reddit.com/r/Bitcoin/comments/8srbm4/cloudsight_announces_support_for_bitcoin/)
* 22: [A reminder of why we needed SegWit or any malleability fix before the Lightning Network](https://www.reddit.com/r/Bitcoin/comments/8t0fkd/why_is_segwit_neccessary_for_the_lightning/) & [An online Fiverr-like marketplace built on the Lightning Network](https://www.reddit.com/r/Bitcoin/comments/8swi15/were_building_an_online_marketplace_called_kasego/) & [Someone in Austria got robbed for €216.000 in cryptocurrency](https://www.reddit.com/r/Bitcoin/comments/8szpc9/dont_tell_anybody_about_your_crypto_250000_robbed/)
* 23: [A reminder that the cost to mine a bitcoin does not determine its price](https://www.reddit.com/r/Bitcoin/comments/8thdpx/correcting_a_misconception_the_cost_of/)
* 24: [A discussion on the amount of hashpower controlled by Bitmain](https://www.reddit.com/r/Bitcoin/comments/8tjcuc/bitmain_approaching_51_of_total_bitcoin_network/)
* 25: [A comparison between BLS signatures and Schnorr signatures](https://www.reddit.com/r/Bitcoin/comments/8tsipb/bls_signatures_better_than_schnorr/) & [Blockstream announces C-Lightning 0.6](https://www.reddit.com/r/Bitcoin/comments/8tsgwp/blockstream_announces_clightning_06/)
* 26: [VC firm Andreessen Horowitz launches a $300M Bitcoin and cryptocurrency fund](https://www.reddit.com/r/Bitcoin/comments/8tv289/vc_firm_andreessen_horowitz_launches_300_million/) & [Facebook is reversing its ban on cryptocurrency ads because money](https://www.reddit.com/r/Bitcoin/comments/8u2t7g/facebook_is_reversing_its_ban_on_cryptocurrency/)
* 27: [Pieter Wuille is working on a proposal for Schnorr signatures](https://www.reddit.com/r/Bitcoin/comments/8u9ri5/q_is_there_a_concrete_plan_to_soft_fork_in/) & [A discussion on why supporting privacy in Bitcoin doesn’t make you a criminal](https://www.reddit.com/r/Bitcoin/comments/8uamm7/5_reasons_why_supporting_privacy_in_the_bitcoin/)
* 28: [Someone spent $0.04 to move $298M](https://www.reddit.com/r/Bitcoin/comments/8uf4ot/someone_spent_a_whopping_004_to_move_298m/) & [A discussion on Nick Szabo](https://www.reddit.com/r/Bitcoin/comments/8uj8vq/nick_might_actually_be_the_most_highly_regarded/)
* 29: [The feeling when sending bitcoin transactions](https://www.reddit.com/r/Bitcoin/comments/8uzd8v/ive_been_in_bitcoin_since_feb_2013_why_does_each/)
* 30: [An overview of historical bitcoin price corrections](https://www.reddit.com/r/Bitcoin/comments/8v1p71/bitcoin_historical_corrections/) & [Andreas Antonopoulos on the Lightning Network](https://www.reddit.com/r/Bitcoin/comments/8v195h/andreas_antonopoulos_says_lightning_network/)

See you next month!

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Bitcoin Network Status Update Saturday, June 30, 2018


###Status of the Bitcoin network as of Saturday, June 30, 2018 at 12:00:01 EST:

**Total bitcoins:** 17,123,821.045286

**Height:** 529,912

**Difficulty:** 5,077,499,034,879.016602

######Statistics for the past 24 hours:

**Number of blocks mined:** 143

**Total bitcoins output (amount sent):** 860,713.237995

**Total fees:** 25.820715

**Average time until block found:** 10 minutes, 4 seconds

**Estimated hashrate:** 36,093,749,967.534569 gh/s

**Current price:** US$6,368.01

*Data provided by [Smartbit.com.au](https://www.smartbit.com.au). Price data provided by [Coinbase.com](https://www.coinbase.com).*

***

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