When Philippine immigration officers targeted the offices of an alleged crypto scam they expected four Chinese perpetrators...but they found 277.

https://bit.ly/2lT6dlZ

Ethereum Showing Signs of Life

For the first time in forever, Ethereum has shown signs of life, reminding many of us that it’s still here. Despite going dark for nearly 1.5 years, the world’s number two digital asset is picking back up on a stride it lost long ago.

Let’s pull back the curtain and take a look at why Ethereum appears to be back in favor, and what that might mean for its mid-term prospects.

Tether (USDT) is tying up Ethereum, but that’s a good thing

At the beginning of the year, Tether’s handlers declared they would be moving USDT from Omni to the Ethereum blockchain. Tether does upwards of $15 billion in daily transaction volume, and is itself worth $4.1 billion (hopefully) cash-backed USDTs.

Suffice to say that is a ton of network strain heading straight for the Ethereum blockchain. As the year progressed, Ethereum gradually started showing signs which belied that strain. This month, transaction wait times have resembled those of the Crypto Kitties days, with some users waiting days for transactions to finally confirm.

The huge boost in network activity caused by millions of Tether transactions has led to near ATH gas fees. In response, Ethereum miners have moved toward increasing the gas limit, which would create more transaction throughput.

It’s easy to point out that Ethereum is struggling to meet the demands of Tether’s move, but that doesn’t tell the whole story. In our view, we’re witnessing the beginning of Ethereum-based decentralized finance (DeFi), a much touted but hitherto unseen network potential.

With real value moving onto the network in a permanent way, the emergence of demand for the Ethereum world computer comes as a relief. While other smart contract platforms have thrown their hats in the ring, it’s probable that high-stakes products like USDT will continue to choose a tried and true platform like Ethereum.

Ethereum 2.0 on track

On June 13, developers reiterated their belief that Ethereum 2.0 is on track for a January 3, 2020 rollout.

As outlined in our recent analysis, ETH 2.0 will appear in several phases. Phase zero, which comes as the first most important implementation, will feature the launch of the proof of stake beacon chain.

A switch to proof of stake will also mean lower gas fees and high transaction throughput, which should go some ways in ameliorating the aforementioned USDT situation.

Additionally, Binance recently published a report showing Ethereum’s sheer dominance when it comes to hosting decentralized finance applications. EOS and BTC, the next closest competitors, have a lot of catching up to do. Ethereum outdoes them by hosting over 15x the amount of DeFi apps.

From a network usage perspective, that’s a bullish sign for the future because DeFi apps use more complicated-than-usual smart contracts which, in turn, require more gas.

Resources for watching Ethereum

The beautiful thing about blockchain is that network metrics are always available for you to see if you know where to look. Here are a few very handy resources for observing network usage, gas fees, network utilization, and more:

• https://etherscan.io/chart/networkutilization
• https://etherscan.io/chart/tx
• https://etherscan.io/chart/transactionfee
• https://ethgasstation.info/index.php
• https://studio.glassnode.com/metrics?a=ETH&m=indicators.Sopr

DOJ Brings Extortion Charges Against Early Advisor to Ethereum, tZero
https://www.coindesk.com/doj-brings-extortion-charges-against-early-advisor-to-ethereum-tzero

U.S. law enforcement has charged an early supporter of the ethereum project and former advisor to Overstock’s tZero with extortion.

SEC charges ICOBox and its founder for unregistered $14 million offering
https://www.cryptoninjas.net/2019/09/18/sec-charges-icobox-and-its-founder-for-unregistered-14-million-offering/

SEC charges ICOBox and its founder for unregistered $14 million offering (https://www.cryptoninjas.net/2019/09/18/sec-charges-icobox-and-its-founder-for-unregistered-14-million-offering/) - CryptoNinjas (https://www.cryptoninjas.net/)
Today, the Securities and Exchange Commission (SEC) in the U.S. charged ICOBox and its founder Nikolay Evdokimov for conducting an illegal $14 million securities offering of ICOBox’s digital tokens (ICOS) and for acting as unregistered brokers for other digital asset offerings. According to the SEC’s complaint, ICOBox raised funds in 2017 to develop a platform […]
SEC charges ICOBox and its founder for unregistered $14 million offering (https://www.cryptoninjas.net/2019/09/18/sec-charges-icobox-and-its-founder-for-unregistered-14-million-offering/) - CryptoNinjas (https://www.cryptoninjas.net/)

Interactive Telegram Stickers of Top 30 Cryptos by CryptoRank

We made interactive stickers with top 30 cryptos quotes. Stickers are being updated in real-time every 5 minutes.

The stickers also display token capitalization.

Add stickers to Telegram:
https://t.me/addstickers/top_30_by_CryptoRankStickers_bot

Fraudulent TON Investment Ads Reportedly Circulating Facebook
https://cointelegraph.com/news/fraudulent-ton-investment-ads-reportedly-circulating-facebook

👨‍🏫🤓👌 Please inform us of any crypto scams that you spot on telegram and elsewhere: @icomuzhikbot so that we can warn our readers 😱😳👍

Good morning!

I am getting some email tips about a Denis Lam, who caused HUGE amount of loses for a $1m pool of Hedera Hashgraph because he was so "busy".

He earned around $200k from the pools he did. But caused a total lose of up to $1.5m for his poolers because you could have sold Hbars at 1.5x at least.

Crypto people are lame biscuits who let people be careless with their money. I would definitely sue the retard. He lives in the USA for chrissakes! Litigation capital of the world.

I mean he is the CEO of Vera Protocol and iOT Block (2 projects in two years!)

https://medium.com/veraprotocol/meet-the-vera-founding-team-980389b08674
https://t.me/veraprotocol

So you, he earned money from your contribution and basically barred you from earning from it and you are just fine with it. People of this CP pool are either saints or the biggest fools in crypto.

Bitcoin dominance continues to slip

After briefly dipping below the $10,000 threshold, Bitcoin (BTC) has bounced back to trade at $10,041 at press time. The major cryptocurrency is down 1.1% over the past 24 hours, also seeing a nearly 3% loss over the past seven days.

Bitcoin’s dominance on the market has continued to drop, down from 66.2% at the beginning of the day to 65.6% at publishing time