The Presidential Daily Brief

intriguing

  1. shutterstock 661816195

    Virtual Kitten Craze Disrupts Ethereum Trade

    It’s the cat’s meow. The blockchain network has seen traffic spike sharply since the Nov. 28 introduction of CryptoKitties, a game where users collect and breed digital pets that can only be bought with Ethereum’s cryptocurrency, Ether. Developers say the game was created to make blockchain technology more popular, and CryptoKitties has raked in $3.5 million, now accounting for 11 percent of Ethereum’s transactions. But as the feline frenzy slows the network and crowds out more serious transactions, non-kitty traders may instead pounce on Ether competitors like Bitcoin.

This story is part of The Presidential Daily Brief

view full edition