Markets

• Price per Bitcoin BTC is at ~$3870 USD (-8% from last Monday)
• Price per Ether ETH is at ~$289 USD (-2% from last Monday)
• Price per Bitcoin Cash BCH is at ~$464 USD (-18% from last Monday)

Articles

• JPMorgan CEO Jamie Dimon says bitcoin is a 'fraud' that will eventually blow up by CNBC
• Why has China declared war on bitcoin and digital currencies? by SCMP
• China’s bitcoin gloom may be Hong Kong’s boon as crypto issuers switch to city’s exchanges by SCMP
• China to Shut Bitcoin Exchanges (Pay Wall) by Wall Street Journal
• Bitcoin took a major dive after a big Chinese exchange said it is closing by CNBC
• Bitcoin 'mining': A new way for North Korea to generate funds for the regime by CNBC
• Bitcoin is in a bubble, and here's how it's going to crash by CNBC
• Hedge Funds Are Hacking Blockchains to Guide Crypto Investments by Bloomberg
• North Korea Is Dodging Sanctions With a Secret Bitcoin Stash by Bloomberg
• Is bitcoin another tulip craze or a legitimate investment? by The Washington Post
• How the bitcoins were stolen from Mt. Gox (40-min video) by David Gerard
• Bitcoin in the Browser: Google, Apple and More Adopting Crypto-Ready API by Coindesk
• AXA Is Using Ethereum's Blockchain for a New Flight Insurance Product by Coindesk
• A Prehistory of the Ethereum Protocol by Vitalik Buterin

This week’s new initial coin offerings (ICOs)

• SandCoin, a sand mining company, is raising initial operating funds for a sand quarry project in the Moscow region.
• The total volume of sand is estimated to be 14.4 million cubic meters.
• Average market price for 1 cubic meter of sand is $5.30 USD.
• Total estimated earning is $76,320,000 USD.
• SandCoin is offering a total of 3.4 million SandCoin tokens with each coin representing the 1 cubic meter of sand.
• SandCoin had already sold 230k SandCoin tokens during a pre-ICO sale.
• SandCoin is now selling the remaining 3.17 million SandCoin tokens at $1.25 - $1.35 USD.
• SandCoin plans to buy back 50% of SandCoin tokens from the market starting from July 2018.

• Goldmint is offering gold backed crypto tokens on it’s own privately run blockchain network based on the Graphene technology.
• Goldmint’s crypto token GOLD is backed by both physical gold and ETFs.
• Goldmint will actively buy, sell and repurchase GOLD at the market rate.
• 1 GOLD is valued at the market rate of 1 ounce of gold on stock exchanges + 5% commission for fiat-GOLD-fiat.
• To facilitate the consensus operation of Goldmint’s private blockchain network, a separate token is created called MNT to use as the utility token of the network.
• Holders of MNT tokens can participate in the mining procedure of the network by downloading the official Goldmint mobile application.
• Whenever a GOLD transaction is conducted, a random MNT holder will be chosen to create a new block.
• 75% of the transaction commission in GOLD will be given to the winning miner.
• 25% of the commission is spent on Goldmint’s maintenance needs.
• Goldmint is issuing 10 million MNT tokens of which 7 million tokens will be offered in its ICO.
• Each MNT token is priced at $7 USD.
• The ICO begins on 20 September 2017.

Technical Updates

• Geth 1.7 – Megara
• Byzantium fork.
• Performance optimizations in fast sync nodes.
• The upgraded database cannot be used by previous versions of Geth.
• Recommendation for production users is to sync from scratch with Geth 1.7.0.