Weekly Curated Blockchain & Cryptocurrency News & Insights

Hey guys,

We publish a weekly report on blockchain and crypto. This is geared more towards non-technical blockchain enthusiasts / relative newcomers to the space. Thought it would be helpful to include it here. This was originally published on our online publication The Blockchain Review. If you want a quick snapshot of what's happened in this past week, check it out below:

Blockchain & Cryptocurrency News & Insights

Here's what we've got for you in this week's Intrepid Report: Telegram has canceled its much-hyped ICO, while questions are being asked about whether to classify Ripple and Ethereum as securities. We’ve got insights on the 3 essentials of running an ICO, as well as thoughts from the Blockchain Review on understanding governance in public blockchains, and much more.

WHAT'S IN THE MEDIA
Key news highlights. What's going on in the world of Blockchain?

Telegram cancels its much-hyped initial coin offering
Secure messaging service Telegram is canceling its initial coin offering (ICO) and won’t be opening up its digital coins for public sale. The cancellation is a blow to public investors who hoped to get in on one of the largest cryptocurrency investment opportunities in history, with an estimated $1.7 billion already raised. Sources are attributing this turn of events to different reasons and criticizing Telegram for the current disarray created by its early backers.
Read More: https://techcrunch.com/2018/05/03/telegrams-billion-dollar-ico-has-become-a-mess/

SEC and CFTC caught in a difficult position regarding Ethereum
The SEC and CFTC met yesterday to begin discussions on whether Ethereum’s ICO in 2014 can be considered a sale of a security and regulated as such. Here’s a deeper look at how the SEC ruling will influence ether holders, developers, exchanges and founders intending to launch ICOs in the future.
Read More: http://jamescrypto.com/sec-and-cftc-between-a-rock-and-hard-place-regarding-ethereum-with-no-easy-options/

Ripple Sued for Alleged Violations of US Securities Laws
A class action lawsuit has been filed against Ripple Labs, its CEO, and subsidiary, alleging that the defendants have violated the state and federal securities laws, engaging in schemes to raise hundreds of millions of dollars through the sale of unregistered ripple tokens (XRP). Whether the claims made by the plaintiff hold any weight in court remains to be seen.
Read More: https://cointelegraph.com/news/class-action-lawsuit-against-ripple-alleges-sale-of-unregistered-securities

South Korean Lawmakers Draft Bill to Legalize Some ICOs
South Korea banned all ICOs late last year to cool speculative investment in digital currencies, driving many domestic corporations to raise capital overseas. A group of South Korean lawmakers are now working on a bill to legalize ICOs, providing they meet certain conditions under the supervision of the government. This is the first parliamentary challenge to the government’s ban on domestic ICOs.
Read More: https://news.bitcoin.com/south-korean-lawmakers-legalize-initial-coin-offerings/

Warren Buffett: Buying Bitcoin 'Is Not Investing'
Warren Buffett continues to remain notoriously bearish on Bitcoin and cryptocurrencies, claiming those who participate in the market are not investing. However, there is a flaw in his argument that people who buy cryptocurrencies “don’t really have anything that has produced anything”.
Read More: http://bitcoinist.com/warren-buffett-buying-bitcoin-is-not-investing/

THE BLOCKCHAIN REVIEW
The latest insights, thoughts, and analysis from the Intrepid Team

Understanding Public Blockchain Governance
Governance includes looking at how actors come together to produce, maintain or change the inputs that make up a blockchain. Understanding blockchain governance is critical for mitigating social conflict and ensuring the blockchain remains functional. There has been a tendency within the wider [Suspicious link removed]munity to dismiss governance issues, sometimes even to deny that they exist. In this article, we explain why this perception about governance is mistaken and why it is in fact essential to blockchains.
Read More: https://blockchainreview.io/public-blockchain-governance/[/url]

POSTS FROM AROUND THE WEB
Articles, white papers, ebooks, and more

How to Build a Proper Cryptocurrency Trading Portfolio
There is an endless amount of strategies to adopt when choosing which cryptocurrencies to keep in your portfolio. Given the thousands of coins out there, finding the best coins to keep in your portfolio could be a daunting task and it could be extremely tempting to follow the crowd. This guide provides you with some tips and tricks on building your portfolio and minimizing your risk, to help you have a more successful cryptocurrency trading experience.
Read More: https://coincentral.com/how-to-build-a-proper-cryptocurrency-trading-portfolio/

Why Canada has Emerged as a Leading Blockchain and Crypto Nation
Canada has emerged as a leading crypto nation based on its innovation, low energy costs, high internet speed and favorable regulatory regime. While it ranks third in the world behind the U.S. and the UK when it comes to embracing Blockchain technology, its Ethereum Blockchain technology adoption is unparalleled by other nations. Here are the specifics of how Canada’s strategies facilitate blockchain and crypto adoption among founders, developers, investors and other players in the space.
Read More: https://cointelegraph.com/news/why-canada-has-emerged-as-a-leading-blockchain-and-crypto-nation-expert-take

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

Metabase Token Sale Economics
We're very excited to share the long-awaited token sale economics manual with you. The manual is an easy to understand guide to purchasing tokens for our Metabase ICO - https://metabase.network. We’re building a blockchain built for scale, speed and the rapid development of decentralized applications for next-generation businesses. Find out more and sign up for our pre-sale on our website.
Read More: http://token.metabase.network/

ICO - Crypto Economics Meetup - Singapore
We are hosting a meetup Monday next week on crypto economics. We'll be focusing on the principles and theories behind crypto economics, sharing some tools and resources to help develop your crypto economic models, covering interesting use cases and finishing off with an AMA. Come join us!
Read More: https://www.meetup.com/Blockchain-Startups-Singapore/events/250426782/

Originally posted on The Blockchain Review: https://blockchainreview.io/intrepid-report/report-32-blockchain-crypto-news/