Coinbase Encapsulates August 2018 Notable Developments In Crypto Space

As the month of August draws to a close, here is a recap of the most notable developments in the crypto space that took place within the last 31 days according to a recent Coinbase recap of an entertaining month.

New uses

Renowned Artists Introduce A Conceptual Art

Two artists, Kevin Abosch from New York and Ai Weiwei from Berlin, partnered to create a piece of work called Priceless. The primary objective of the artwork is to explore the concept of value. Majority of the work is based on two ERC20 tokens and its symbol is PRCLS. Each piece in the collection has a unique wallet address filled with a nominal amount of PRCLS tokens.

US Presidential Candidate Accepts Cryptocurrency Donations

Democratic Party presidential aspirant for the 2020 elections, Andrew Yang, surprised and excited many crypto enthusiast when he declared that his campaign would accept donations made in Bitcoin and other digital currencies. To participate in this initiative, donors must undergo verification by Andrew’s campaign team. The maximum cap for crypt donations is $2,500.


Blockchain Is The Most Popular Freelancing Skill On Upwork

In the latest publication of its quarterly skill index, the Upwork global freelancing platform revealed that blockchain technology tops the list of the fastest-growing skills available on the website. The metric of this research are usually calculated as per the freelancer billings. Over the past year, the popularity of Bitcoin has increased by a whopping 3,500%.

Turkey Launches Pioneering Blockchain Center

This month, the Istanbul Blockchain and Innovation Center was established at the Bahcesehir University. This center is the countrywide hub for matter s concerning blockchain technology in Turkey. Here, research, development and innovations regarding distribute ledgers technology will be conducted.



Developers will have easier and cheaper access to the privacy functionalities of the Zcash token after the recent release of version 2.0.0 of the Zcash blockchain. Also, the new version is compatible with the Sapling network upgrade.


The aim of this nascent project is to tokenize physical items on the Ethereum blockchain. Essentially, the tokens represent real-life physical objects either, entirely or partially, depending on the amount purchased.


Popular DApps

These include:

  • Gods Unchained – a turn based card game.
  • Peepeth – a blockchain-driven decentralized platform
  • CryptoArte– systemically created art based on the Ethereum blockchain
  • Cent – an app that rewards in crypto for answered questions.

New DApps

These are:

  • MLB crypto Baseball
  • CryptoGoods Swag – enables users to create personalized collectibles using cryptocurrencies.
  • Cryptovoxels – a virtual world on a distributed ledger.
  • John Orion Young – VR art traded on the Ethereum blockchain.
  • Tok’n’Talk – social media exclusively for asset and collectible owners.

Research And Regulation

Yale Professor Studies The Risks And Benefits Of Digital Currencies

After analyzing the three leading virtual currencies, namely Bitcoin, Ethereum and Ripple, the Yale economist established that cryptocurrencies are not affected by conventional stock market and macroeconomic factors. Instead, the performance of digital coins is influenced by factors that are unique to the crypto space.

Blockchain Adoption Can Save Banks Money

A survey conducted by Juniper Research has discovered that banking institutions that foster blockchain technology are likely to reduce their yearly cots by $27 billion before 2030. The report outlines that besides saving on transaction costs and reconciliation, the integration of blockchain could also lessen the expense burden through compliance and treasury operations.


Two Politicians Reveal their Crypto Asset Ownership in the 2017 Financial Disclosure Statements

The two are:

  • Bob Goodlatte, a member of the US Congress and chair of the House Committee on Judiciary revealed that he owns $50,000 worth of BTC and $15,000 worth of ETH.
  • Tulsi Gabbard, a Representative from Hawaii, disclosed that she owns Litecoin and Ethereum.

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