Metamorphosis: BTCMANAGER’s Week in Review
This week’s theme is metamorphosis. Decentral’s Jaxx wallet is breaking out of alpha with the launch of 1.0 and its iOS app in the Apple store. Colony is trying to change how we work together; Humanitarian Blockchain is trying to change the way we look after one another; and The DAO is entering into a new phase of its own. Here are this week’s stories from BTCMANAGER.
Contributions by Nuno Menezes, Michael Scott, James Ryan Moreau and Jamie Holmes. Editorial cartoon by Fruzina Kuhari, inspired by Eric Carle’s classic, The Very Hungry Caterpillar.
Colony, a platform for Decentralized Autonomous Organizations, aims to make it easy for individuals all over the world to build companies and organisations, bringing employers and workers together online and to allow them to conglomerate in a decentralized manner to effectively solve problems without the need of a chain of command. BTCMANAGER spoke with Collin Vine and Jack du Rose about their vision and plans for Colony and about the new economy of work.
BTCMANAGER’s Michael Scott spoke with Julio Alejandro of Humanitarian Blockchain to discuss the potential role of digital currency in charitable donations. Alejandro cites the liberating qualities that digital currency provides to poverty stricken citizens, believing that the technology is capable of restructuring practices of governments in third world countries and beyond.
Vlad Zamfir, a researcher for the Ethereum Foundation, has called for a temporary moratorium on The DAO in the coming weeks to assess and resolve some outstanding security issues after the crowdsale is complete. With over $120 million USD equivalent in value being raised in the crowdsale thus far, there have been numerous concerns raised over the security of funds within The DAO after the crowdsale is finished on May 28th at 9:00 GMT. There is no official end date on the moratorium at present; however, it appears that there will be many well-informed individuals working on the security issues set forth within the Ethereum community. Votes are being cast on https://dao.consider.it/ for or against the proposal.
On May 28, Jaxx released the first BTC/ETH wallet app on the Apple Store in advance of its big 1.0 launch on May 30. In an Interview with Decentral CEO Anthony Di Iorio, BTCMANAGER covers the potential of the Jaxx wallet, the one-stop digital locale with the blockchain serving as the core engine. Di Iorio expands on his vision for Jaxx and the future of the technology involved with the DAO.
A strengthening in BTC-USD, which has corresponded with a fall in the value of the Yuan, has precipitated increased buying interest from China and ignited strong bullish momentum. Not only did the market hit $450, but it did indeed break through the $500 handle. Look for more movement this week; we should see buyers target fractal resistance at $548.