The State of the Market: Today has been a day of relative calm for the top ten coins by market capitalization. All ten posted gains or losses of less than 3% with the exception of Stellar Lumens (XLM) which posted a 6.5% gain over the last 24 hours. Ethereum (ETH) has hardly moved, with a meager 0.4% decrease on the day. The biggest gainer today hands-down has been IOSToken (IOST), which posted a staggering 27% rise on the day — jumping up almost 10 ranks in terms of total market cap in the process.

1) In an official tweet, the Augur (REP) team recently announced that they have destroyed their access to the fail-safe ‘kill switch.’ The kill switch mechanism was originally implemented within the dApp’s smart contract to aid developers in fixing issues if unanticipated problems arose. In other words, it was employed to disallow any critical bugs from destabilizing the platform. However, by destroying the switch, the Augur team effectively no longer has any privileged access over the network. Furthermore, many in the crypto community believe that a kill switch is antithetical to the spirit of decentralization and destroying it makes ‘code king’ (read more).

2) The Singapore-based blockchain platform Qtum (QTUM) has launched a decentralized application (dApp) development platform on the incredibly prolific and popular Amazon Web Services (AWS). This new dApp will allow AWS users and developers to design and launch smart contracts using an Amazon Machine Image (AMI). Qtum is sort of a hybrid platform that combines the benefits of the tried and true Bitcoin blockchain with the flexibility of the Ethereum Virtual Machine to develop dApps. QTUM is currently trading at $8.15, up 0.12% on the day (read more).

3) Coinbase, the leading U.S. crypto-fiat exchange, has been on a mission to expand its portfolio of cryptocurrency-related products. As part of their initiative to facilitate widespread adoption, Coinbase announced today that customers in Australia and EU will now able to use their cryptocurrency balances on e-gift cards instantly. With this feature, the new platform has become the first to provide options for direct withdrawals into e-gift cards. The new product was created in partnership with WeGift, a company focused on providing digital gift cards. Currently, the product is only available in select EU countries — the UK, Spain, Italy, France, and the Netherlands — and Australia. But Coinbase has stated that they plan to expand the availability of the E-Gift cards in the coming months (read more).

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