Monero added on Mobi Wallet after addition of 15 new cryptocurrencies
On 30th July, Mobi Wallet, a cryptocurrency wallet provider, announced that they would be adding Monero [XMR] as part of their currency lineup. The app recently added about 15 new cryptocurrencies as well.
Notably, the wallet does not charge any fees for Bitcoin deposits above 0.05 Bitcoin, with a fee of 0.000075 BTC per transaction for non-SegWit users and 0.000045 BTC for SegWit users.
While transactions between Mobi wallets are free of cost, on-chain transactions can change dynamically. Mobi boasts of having one of the “best rates on this planet”, sourcing price data from a “comprehensive base of commercial sources”.
Recently Monero has been receiving a lot of support for addition on wallets, as the latest update provided full support for Ledger wallet. The support for Ledger was established in Monero’s GUI version 0.12.3.0.
Monero is utilized in cryptocurrency circles due to its revolutionary features for privacy. Monero transactions do not reveal identifying information regarding the parties involved in the transactions. This is, in part, due to it’s RingCT or Ring Confidential Transactions.
As explained by Moneropedia, RingCT introduces an improved version of ring signatures called a “Multi-layered Linkable Spontaneous Anonymous Group signature”. This, in turn, allows for hidden amounts, origins and destinations of transactions reasonable efficiency along with verifiable, trustless coin generation.
On 30th July, Mobi Wallet, a cryptocurrency wallet provider, announced that they would be adding Monero [XMR] as part of their currency lineup. The app recently added about 15 new cryptocurrencies as well.
Notably, the wallet does not charge any fees for Bitcoin deposits above 0.05 Bitcoin, with a fee of 0.000075 BTC per transaction for non-SegWit users and 0.000045 BTC for SegWit users.
While transactions between Mobi wallets are free of cost, on-chain transactions can change dynamically. Mobi boasts of having one of the “best rates on this planet”, sourcing price data from a “comprehensive base of commercial sources”.
Recently Monero has been receiving a lot of support for addition on wallets, as the latest update provided full support for Ledger wallet. The support for Ledger was established in Monero’s GUI version 0.12.3.0.
Monero is utilized in cryptocurrency circles due to its revolutionary features for privacy. Monero transactions do not reveal identifying information regarding the parties involved in the transactions. This is, in part, due to it’s RingCT or Ring Confidential Transactions.
As explained by Moneropedia, RingCT introduces an improved version of ring signatures called a “Multi-layered Linkable Spontaneous Anonymous Group signature”. This, in turn, allows for hidden amounts, origins and destinations of transactions reasonable efficiency along with verifiable, trustless coin generation.
Yesterday, McDonald's released information about the launch of MacCoin. The company describes the new coin as "the first fully-fledged global currency".
MacCoin - "this is not an alternative to bitcoin", in fact, it's just a coupon or a voucher for purchasing burgers: hamburger: that McDonald's will distribute in 50 countries. To buy MacCoin it will be possible in 14000 establishments, since August, 2nd. The release of MacCoin is timed to the 50th anniversary of Big Mac, and on that day the creator of Big Mac Jim Delligatti would have turned 100 years old.
MacCoin - "this is not an alternative to bitcoin", in fact, it's just a coupon or a voucher for purchasing burgers: hamburger: that McDonald's will distribute in 50 countries. To buy MacCoin it will be possible in 14000 establishments, since August, 2nd. The release of MacCoin is timed to the 50th anniversary of Big Mac, and on that day the creator of Big Mac Jim Delligatti would have turned 100 years old.
Northern Trust offers services to crypto-curious hedge funds
Forbes reports that the 129-year-old Chicago-based firm, which caters to institutional investors, corporations, and high net worth individuals, has begun to open up some of its services to cryptocurrency hedge funds while also exploring how to integrate blockchain technology into its private equity division.
According to the publication, Northern Trust has for months also been working with three “mainstream hedge funds” that have begun stealthily adding cryptocurrency investments to their portfolios as they seek to gain exposure to the nascent but burgeoning crypto marketplace.
Northern Trust has an estimated $10.7 trillion in assets under custody and administration, according to its website. At present, Northern Trust is not custodying cryptoassets directly, but the firm is providing crypto-curious hedge funds and institutions with administrative services such as helping them assign values to their investments, assisting in anti-money laundering (AML) compliance, and verifying that the firms’ third-party custodians are holding the cryptoassets the funds report on their balance sheets.
Forbes reports that the 129-year-old Chicago-based firm, which caters to institutional investors, corporations, and high net worth individuals, has begun to open up some of its services to cryptocurrency hedge funds while also exploring how to integrate blockchain technology into its private equity division.
According to the publication, Northern Trust has for months also been working with three “mainstream hedge funds” that have begun stealthily adding cryptocurrency investments to their portfolios as they seek to gain exposure to the nascent but burgeoning crypto marketplace.
Northern Trust has an estimated $10.7 trillion in assets under custody and administration, according to its website. At present, Northern Trust is not custodying cryptoassets directly, but the firm is providing crypto-curious hedge funds and institutions with administrative services such as helping them assign values to their investments, assisting in anti-money laundering (AML) compliance, and verifying that the firms’ third-party custodians are holding the cryptoassets the funds report on their balance sheets.
Bitmain posts $1 billion dollar profit in Q1 2018, IPO plans underway
Mining giant Bitmain has posted profits in Q1 of 2018 totaling $1.1 billion. Sources say, “Bitmain plans to file for an IPO very soon.”
An email has been obtained by Term Sheet from a source closely connected to Bitmain. The email details Bitmain’s latest financials and mentions the company’s plan for a initial public offering (IPO) in Hong Kong later this year.
“Bitmain is raising further cash in addition to a $400M round reported in early June. The new funding would value Bitmain at approximately $14 billion, implying a 10 to 11x earnings multiple, according to the email,” reports Fortune. “This is a 16.6% increase from the company’s most recently reported $12 billion valuation.”
In 2017, Bitmain generated $1.2 billion in net profit and an “approximately 50% net margin.” With that number almost already reached in the first quarter of 2018, it is likely Bitmain will double or even triple its 2017 profit totals by the end of this year.
Bitmain dominates the cryptocurrency world on many levels. In addition to owning the two largest mining pools in the world, which together making up 34 percent of Bitcoin‘s total hashing power, Bitmain also serves as the largest manufacturer of cryptocurrency mining hardware. The Beijing-based company has continued to expand its reach into markets worldwide. Earlier this month Bitmain revealed plans to open a 20,000 square foot office in the heart of Silicon Valley.
Further details of Bitmain’s planned IPO have yet to be released.
Mining giant Bitmain has posted profits in Q1 of 2018 totaling $1.1 billion. Sources say, “Bitmain plans to file for an IPO very soon.”
An email has been obtained by Term Sheet from a source closely connected to Bitmain. The email details Bitmain’s latest financials and mentions the company’s plan for a initial public offering (IPO) in Hong Kong later this year.
“Bitmain is raising further cash in addition to a $400M round reported in early June. The new funding would value Bitmain at approximately $14 billion, implying a 10 to 11x earnings multiple, according to the email,” reports Fortune. “This is a 16.6% increase from the company’s most recently reported $12 billion valuation.”
In 2017, Bitmain generated $1.2 billion in net profit and an “approximately 50% net margin.” With that number almost already reached in the first quarter of 2018, it is likely Bitmain will double or even triple its 2017 profit totals by the end of this year.
Bitmain dominates the cryptocurrency world on many levels. In addition to owning the two largest mining pools in the world, which together making up 34 percent of Bitcoin‘s total hashing power, Bitmain also serves as the largest manufacturer of cryptocurrency mining hardware. The Beijing-based company has continued to expand its reach into markets worldwide. Earlier this month Bitmain revealed plans to open a 20,000 square foot office in the heart of Silicon Valley.
Further details of Bitmain’s planned IPO have yet to be released.
Cardano launches virtual machine on Testnet
The Cardano project followed TRON (TRX) in the announcement of its own tool for distributed computing. Cardano (ADA) has completed another milestone by launching the testnet version of its proprietary virtual machine IELE, which allows testing smart contracts before releasing them to the mainnet.
So far, the Cardano protocol has worked only as a simple blockchain, still being away from the goal of launching distributed apps. While Cardano was yet another project conceived as a competitor to Ethereum, the Ethereum network remains the preferred one, seen as the golden standard for smart contracts, and is the one running the handful of distributed apps available on the market.
The IELE virtual machine has its own low-level programming language, designed specifically to work with the Cardano blockchain to create safe and correct smart contracts.
The Cardano project followed TRON (TRX) in the announcement of its own tool for distributed computing. Cardano (ADA) has completed another milestone by launching the testnet version of its proprietary virtual machine IELE, which allows testing smart contracts before releasing them to the mainnet.
So far, the Cardano protocol has worked only as a simple blockchain, still being away from the goal of launching distributed apps. While Cardano was yet another project conceived as a competitor to Ethereum, the Ethereum network remains the preferred one, seen as the golden standard for smart contracts, and is the one running the handful of distributed apps available on the market.
The IELE virtual machine has its own low-level programming language, designed specifically to work with the Cardano blockchain to create safe and correct smart contracts.
The Dubai International Financial Centre Courts have created a taskforce to investigate the use of blockchain to improve the country’s court system as part of the Smart Dubai initiative.
The Dubai International Financial Centre Courts (DIFC), a specialized court system that handles commercial disputes, has announced it is attempting to create what it is calling the "first blockchain court." The project is part of the Smart Dubai initiative, which partners government and private sector actors in order to use technology to "empower, deliver and promote an efficient, seamless, safe and impactful city experience for residents and visitors."
In the project's announcement, chief executive of the DIFC Amna Al Owais stated:
"This taskforce is in line with our guiding principle to deliver courts as a service, powered by technology and extended through cooperation agreements and alliances. By harnessing blockchain technology, Dubai will be firmly positioned at the forefront of legaltech and judicial innovation, setting the standards for countries and judiciaries to follow."
The director of the Smart Dubai office, Dr. Aisha Bint Butti Bin Bishr, said the partnership with DIFC would allow the two entities to "create the world's first disruptive court, helping to truly unlock the power of blockchain technology."
Dubai has previously made similar moves to incorporate blockchain into government functions such as land registry and a payments platform for the entire city. The recent announcement asserts Dubai intends to have all "applicable government transactions" on the blockchain by 2020.
The Dubai International Financial Centre Courts (DIFC), a specialized court system that handles commercial disputes, has announced it is attempting to create what it is calling the "first blockchain court." The project is part of the Smart Dubai initiative, which partners government and private sector actors in order to use technology to "empower, deliver and promote an efficient, seamless, safe and impactful city experience for residents and visitors."
In the project's announcement, chief executive of the DIFC Amna Al Owais stated:
"This taskforce is in line with our guiding principle to deliver courts as a service, powered by technology and extended through cooperation agreements and alliances. By harnessing blockchain technology, Dubai will be firmly positioned at the forefront of legaltech and judicial innovation, setting the standards for countries and judiciaries to follow."
The director of the Smart Dubai office, Dr. Aisha Bint Butti Bin Bishr, said the partnership with DIFC would allow the two entities to "create the world's first disruptive court, helping to truly unlock the power of blockchain technology."
Dubai has previously made similar moves to incorporate blockchain into government functions such as land registry and a payments platform for the entire city. The recent announcement asserts Dubai intends to have all "applicable government transactions" on the blockchain by 2020.
CRYPTOCARZ IS THE WORLD'S FIRST BLOCKCHAIN-ENABLED VR RACING EXPERIENCE
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
Korean officials probe shipwreck ICO for possible fraud
Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported Tuesday.
Authorities are reportedly looking into Shinil Group, which claims to have found a Russian shipwreck from the early 1900s, for possible fraud charges. The company launched its own cryptocurrency, which investors bought with the promise of being able to redeem tokens for treasure from the ship, according to the report. As part of the investigation, officials have issued a travel ban on CEO Choi Yong-seok.
Seoul's Gangseo District Police are planning to interrogate Choi and others associated with the company as part of the alleged fraud case.
Shinil Group announced earlier this month that it had found the wreck of the Dmitrii Donskoi, a Russian Navy warship sunk in 1905, and that the ship might contain up to $134 billion worth of gold, as reported by Reuters. But the company later backtracked on those claims and lowered the figure to $8.6 billion in a press conference on July 26.
The company at the time announced that it intended to launch an ICO for its own token, named Shinil Gold Coin, which will be backed by the discovered ship's gold haul. The token has attracted 60 billion won in investments from around 100,000 people since it was launched this year, Korea Joongang Daily said, citing a source familiar with the matter.
According to a statement published on Shinil Group's website, the company has launched an exchange following the news of the salvage of Donskoi.
Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported Tuesday.
Authorities are reportedly looking into Shinil Group, which claims to have found a Russian shipwreck from the early 1900s, for possible fraud charges. The company launched its own cryptocurrency, which investors bought with the promise of being able to redeem tokens for treasure from the ship, according to the report. As part of the investigation, officials have issued a travel ban on CEO Choi Yong-seok.
Seoul's Gangseo District Police are planning to interrogate Choi and others associated with the company as part of the alleged fraud case.
Shinil Group announced earlier this month that it had found the wreck of the Dmitrii Donskoi, a Russian Navy warship sunk in 1905, and that the ship might contain up to $134 billion worth of gold, as reported by Reuters. But the company later backtracked on those claims and lowered the figure to $8.6 billion in a press conference on July 26.
The company at the time announced that it intended to launch an ICO for its own token, named Shinil Gold Coin, which will be backed by the discovered ship's gold haul. The token has attracted 60 billion won in investments from around 100,000 people since it was launched this year, Korea Joongang Daily said, citing a source familiar with the matter.
According to a statement published on Shinil Group's website, the company has launched an exchange following the news of the salvage of Donskoi.
Orvium - Open and Transparent Science Powered By Blockchain
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
Telegram
Orvium
Public group of the Orvium Project orvium.io
President Bill Clinton to give Keynote address at Ripple’s Annual Swell Conference
Ripple has announced today that the 42nd President of the United States, Bill Clinton, will be the keynote speaker at this year’s Swell conference at the beginning of October in San Francisco, California. The Swell conference is branded as the place, “where the world’s leaders in policy, payments and technology connect.”
“At a time when groundbreaking technology and regulation were often on a collision course, President Clinton helped usher in a period of extreme growth and adoption of the Internet, shaping what it is today,” reads the announcement. “He also established programs that bridged the ‘digital divide’ and brought new technology to underserved communities around the world.”
President Clinton will be drawing on his experiences from the dot com boom of the 90s to provide insight into how digital asset and blockchain companies can better navigate the current technological revolution.
According to the announcement,
“We are at an impasse: digital assets and blockchain technology offer a way for value to be exchanged as quickly as information – creating more financial inclusion and economic opportunity. However, with this new technology comes potential for concern, requiring thoughtful policy to protect consumers from risk without hampering innovation.”
President Clinton’s keynote address will include a Q&A moderated by former National Economic Council Director and Presidential Adviser Gene Sperling.
Other topics addressed during the two-day conference starting October 1st will include:
✅ Financial services companies using blockchain technology in production
✅ New market opportunities in remittances, e-commerce and corporate marketplaces
✅ Frameworks for regulating digital assets across Europe, Asia and the Middle East
✅ Reactions to Ripple’s announcements have been mixed. Some criticisms have been launched accusing Ripple of choosing to treat the conference’s keynote address as an opportunity for a publicity stunt rather than a platform for expert discussion.
Ripple has announced today that the 42nd President of the United States, Bill Clinton, will be the keynote speaker at this year’s Swell conference at the beginning of October in San Francisco, California. The Swell conference is branded as the place, “where the world’s leaders in policy, payments and technology connect.”
“At a time when groundbreaking technology and regulation were often on a collision course, President Clinton helped usher in a period of extreme growth and adoption of the Internet, shaping what it is today,” reads the announcement. “He also established programs that bridged the ‘digital divide’ and brought new technology to underserved communities around the world.”
President Clinton will be drawing on his experiences from the dot com boom of the 90s to provide insight into how digital asset and blockchain companies can better navigate the current technological revolution.
According to the announcement,
“We are at an impasse: digital assets and blockchain technology offer a way for value to be exchanged as quickly as information – creating more financial inclusion and economic opportunity. However, with this new technology comes potential for concern, requiring thoughtful policy to protect consumers from risk without hampering innovation.”
President Clinton’s keynote address will include a Q&A moderated by former National Economic Council Director and Presidential Adviser Gene Sperling.
Other topics addressed during the two-day conference starting October 1st will include:
✅ Financial services companies using blockchain technology in production
✅ New market opportunities in remittances, e-commerce and corporate marketplaces
✅ Frameworks for regulating digital assets across Europe, Asia and the Middle East
✅ Reactions to Ripple’s announcements have been mixed. Some criticisms have been launched accusing Ripple of choosing to treat the conference’s keynote address as an opportunity for a publicity stunt rather than a platform for expert discussion.
SEC official working on Bitcoin ETF & determining the security nature of coins
The newly appointed first ever crypto czar by SEC, Valerie Szczepanik is currently trying to get firms to talk to authorities while working on Bitcoin ETF, determine if certain coins are securities and ICOs. She also warns that crypto users have to either go the compliance route or a different tack will be used by authorities.
First-ever crypto Czar, Valerie Szczepanik interested in innovation
The new top official of SEC, Valerie Szczepanik has been appointed as the first-ever crypto czar just last month. She made the shift from the enforcement division to oversee the nascent crypto industry.
There has been a lot of confusion and lack of regulatory movement towards crypto industry when Szczepanik has been promoted as the senior advisor for digital assets. With the crypto market growing into an $800 billion market in its peak in December last year, the hackles of the regulators rose.
This led to the digital asset department and the appointment of the czar. But, crypto industry and government have yet to strike a balance and come to a mutual understanding.
Szczepanik plans to work on this gap as she shares:
“We want people to come talk to us. When I’m in meetings with folks, I want them to see me as someone who’s interested in communication and back and forth, and looking to encourage innovation that helps investors and the markets.”
The newly appointed first ever crypto czar by SEC, Valerie Szczepanik is currently trying to get firms to talk to authorities while working on Bitcoin ETF, determine if certain coins are securities and ICOs. She also warns that crypto users have to either go the compliance route or a different tack will be used by authorities.
First-ever crypto Czar, Valerie Szczepanik interested in innovation
The new top official of SEC, Valerie Szczepanik has been appointed as the first-ever crypto czar just last month. She made the shift from the enforcement division to oversee the nascent crypto industry.
There has been a lot of confusion and lack of regulatory movement towards crypto industry when Szczepanik has been promoted as the senior advisor for digital assets. With the crypto market growing into an $800 billion market in its peak in December last year, the hackles of the regulators rose.
This led to the digital asset department and the appointment of the czar. But, crypto industry and government have yet to strike a balance and come to a mutual understanding.
Szczepanik plans to work on this gap as she shares:
“We want people to come talk to us. When I’m in meetings with folks, I want them to see me as someone who’s interested in communication and back and forth, and looking to encourage innovation that helps investors and the markets.”
🔥 OEL Foundation
The supply chain industry generates over 13% of global GDP and is the lifeblood of the global economy. Innovations in this industry drive savings to every business and consumer on the planet.
Trillions of dollars are spent every year transporting everything from raw materials to finished goods, and every year billions in value is lost due to delays and disputes, driving up transport costs and slowing the cash flow cycle. The largest brands in the world lose 1% of revenue they can never invoice without proof of delivery to retailers, and transporters wait weeks to be paid.
The industry is ready to move to a blockchain-based platform that provides real transparency and proof of activity. This will allow every participant to invoice and be paid faster, grow their business, improve service and lower costs.
The Open Enterprise Logistics (OEL) Foundation and Alliance has been established to provide a standard Enterprise Architecture for all supply participants to build logistics dApps and blockchain-enable their technology.
Early adopters have already achieved real-world success, with Alliance member OpenPort becoming the first in the world to sell a blockchain-powered transport invoice on the AssetChain marketplace. https://bit.ly/2GqoBHD
OEL Alliance members are acting now to remove the paper trail, create trust and liquidity, and bypass intermediaries.
Members – from the largest shippers to the smallest transporters – will use the OPN (“open”) token to fuel the ecosystem behind one of the largest industries in the world. The TGE for OPN is a chance be part of an enterprise project that will change how goods and payments flow through the supply chain.
Website: https://oel.foundation/
Telegram: https://t.me/OELFoundation
ANN thread: https://bit.ly/2l986r8
The supply chain industry generates over 13% of global GDP and is the lifeblood of the global economy. Innovations in this industry drive savings to every business and consumer on the planet.
Trillions of dollars are spent every year transporting everything from raw materials to finished goods, and every year billions in value is lost due to delays and disputes, driving up transport costs and slowing the cash flow cycle. The largest brands in the world lose 1% of revenue they can never invoice without proof of delivery to retailers, and transporters wait weeks to be paid.
The industry is ready to move to a blockchain-based platform that provides real transparency and proof of activity. This will allow every participant to invoice and be paid faster, grow their business, improve service and lower costs.
The Open Enterprise Logistics (OEL) Foundation and Alliance has been established to provide a standard Enterprise Architecture for all supply participants to build logistics dApps and blockchain-enable their technology.
Early adopters have already achieved real-world success, with Alliance member OpenPort becoming the first in the world to sell a blockchain-powered transport invoice on the AssetChain marketplace. https://bit.ly/2GqoBHD
OEL Alliance members are acting now to remove the paper trail, create trust and liquidity, and bypass intermediaries.
Members – from the largest shippers to the smallest transporters – will use the OPN (“open”) token to fuel the ecosystem behind one of the largest industries in the world. The TGE for OPN is a chance be part of an enterprise project that will change how goods and payments flow through the supply chain.
Website: https://oel.foundation/
Telegram: https://t.me/OELFoundation
ANN thread: https://bit.ly/2l986r8
Medium
Acudeen Facilitates the First Blockchain-Enabled Invoice Factoring Transaction in the Philippines with OpenPort
Following last week’s exciting news of a partnership between Acudeen Technologies and OpenPort, The Acudeen Team is proud to announce that…
Canaan Creative, also known as Avalon, unveiled the world’s first Bitcoin mining TV in its newest product release on July 31st.
According to Canaan, the TV will be equipped with a built-in bitcoin mining chip, complete with an android compatibility for mobile control. Listing by Canaan shows that the TV will use A3210 16nm ASIC chips, which hold a hashrate of 2.8 Terahash. The TV will also be 43 inches and 4K, meaning that it will feature more than 8 million pixels.
Canaan claims that the TV will be able to conveniently mine Bitcoin while it also displays your favorite TV shows and movies. Furthermore, Canaan hopes that its smart TV capabilities will allow its users to use the mined coins to exchange for video content or goods in the future.
Canaan was founded in 2013 by N.G. Zhang and invented the first Bitcoin mining processors and computers. Based in Beijing, Canaan is one of the biggest Bitcoin mining companies. Bitcoin mining has always been a concept foreign concept to most, but Canaan hopes that its attachment with a familiar home appliance in this new product will open the market to a broader audience.
According to Canaan, the TV will be equipped with a built-in bitcoin mining chip, complete with an android compatibility for mobile control. Listing by Canaan shows that the TV will use A3210 16nm ASIC chips, which hold a hashrate of 2.8 Terahash. The TV will also be 43 inches and 4K, meaning that it will feature more than 8 million pixels.
Canaan claims that the TV will be able to conveniently mine Bitcoin while it also displays your favorite TV shows and movies. Furthermore, Canaan hopes that its smart TV capabilities will allow its users to use the mined coins to exchange for video content or goods in the future.
Canaan was founded in 2013 by N.G. Zhang and invented the first Bitcoin mining processors and computers. Based in Beijing, Canaan is one of the biggest Bitcoin mining companies. Bitcoin mining has always been a concept foreign concept to most, but Canaan hopes that its attachment with a familiar home appliance in this new product will open the market to a broader audience.
Bank of Baroda looks to hire blockchain specialists
India-based Bank of Baroda is looking to hire blockchain specialists. The candidate must ideally have 3 years of experience in the technology and eight years of experience in technology.
The advertisement which ran online as well as newspapers stated that the position is based out of Vadodara. As per the application form, the desirable candidate profile would include, “Identify and evaluate compelling business cases for the blockchain technology, conduct analysis of various process flows within the bank, develop blockchain business strategy and proposals for the top management, highlight commercial viability, and conduct discussions with potential vendors / partners.”
The description also said that the candidate should be able to work with both management and the development teams as the role is chiefly reliant on “designing, delivering and operationalizing compelling Blockchain solutions using defined business metrics.”
In recent times, Bankchain, a blockchain alliance that has participation from banks from all over the country, has been in the works for a while now. State Bank of India (SBI) is one of the frontrunners of the consortium. In the past, Sudin Baraokar, Head Innovation, SBI had told Crypto-News India, “The project (pertaining to Non-Performing Assets) will go live in the next 3-4 months. Although I cannot mention the names of the banks involved, it is basically a part of the Bankchain Alliance. The project is an extension of the blockchain-enabled project Bankchain.”
The job description of the candidate applying to the Bank of Baroda will also need to engage with the bankchain consortium on behalf of the organization, attend forum meetings, discussions, demos, hackathons; understand the requirement of developed solutions for the Bank; coordinate with Bankchain and implement the solutions at the bank.
Earlier in June, Bank of Baroda had announced that it was contemplating integrating blockchain, artificial intelligence and robotics to increase business.
India-based Bank of Baroda is looking to hire blockchain specialists. The candidate must ideally have 3 years of experience in the technology and eight years of experience in technology.
The advertisement which ran online as well as newspapers stated that the position is based out of Vadodara. As per the application form, the desirable candidate profile would include, “Identify and evaluate compelling business cases for the blockchain technology, conduct analysis of various process flows within the bank, develop blockchain business strategy and proposals for the top management, highlight commercial viability, and conduct discussions with potential vendors / partners.”
The description also said that the candidate should be able to work with both management and the development teams as the role is chiefly reliant on “designing, delivering and operationalizing compelling Blockchain solutions using defined business metrics.”
In recent times, Bankchain, a blockchain alliance that has participation from banks from all over the country, has been in the works for a while now. State Bank of India (SBI) is one of the frontrunners of the consortium. In the past, Sudin Baraokar, Head Innovation, SBI had told Crypto-News India, “The project (pertaining to Non-Performing Assets) will go live in the next 3-4 months. Although I cannot mention the names of the banks involved, it is basically a part of the Bankchain Alliance. The project is an extension of the blockchain-enabled project Bankchain.”
The job description of the candidate applying to the Bank of Baroda will also need to engage with the bankchain consortium on behalf of the organization, attend forum meetings, discussions, demos, hackathons; understand the requirement of developed solutions for the Bank; coordinate with Bankchain and implement the solutions at the bank.
Earlier in June, Bank of Baroda had announced that it was contemplating integrating blockchain, artificial intelligence and robotics to increase business.
Codex Protocol is a decentralized title registry for the $2 Trillion Art & Collectibles asset class. Supported by a large industry consortium, The Codex stores ownership and provenance information while ensuring privacy for collectors.
At launch, several initial DApps will allow collectors to more easily find what they want, buy at auctions, and ensure authenticity, all with cryptocurrency. The Codex is the first step to achieving a larger and more accessible art and collectibles market.
Check out our recent testnet launch! https://beta.codex-viewer.com/#/
Details about the testnet can be found here: https://medium.com/codexprotocol/codex-development-update-codex-viewer-launch-117fd01f4a38
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LINKS
Website: http://www.codexprotocol.com
Whitepaper: https://goo.gl/Fjcu7d
Bitcointalk: https://bitcointalk.org/index.php?topic=4494244.0
Twitter: https://twitter.com/codexprotocol
Facebook: https://www.facebook.com/codexprotocol/
Medium: https://medium.com/codexprotocol
Reddit: https://www.reddit.com/r/CodexProtocol/
YouTube: https://bit.ly/2K4NYo7
At launch, several initial DApps will allow collectors to more easily find what they want, buy at auctions, and ensure authenticity, all with cryptocurrency. The Codex is the first step to achieving a larger and more accessible art and collectibles market.
Check out our recent testnet launch! https://beta.codex-viewer.com/#/
Details about the testnet can be found here: https://medium.com/codexprotocol/codex-development-update-codex-viewer-launch-117fd01f4a38
——————————
LINKS
Website: http://www.codexprotocol.com
Whitepaper: https://goo.gl/Fjcu7d
Bitcointalk: https://bitcointalk.org/index.php?topic=4494244.0
Twitter: https://twitter.com/codexprotocol
Facebook: https://www.facebook.com/codexprotocol/
Medium: https://medium.com/codexprotocol
Reddit: https://www.reddit.com/r/CodexProtocol/
YouTube: https://bit.ly/2K4NYo7
Medium
Codex development update & Codex Viewer launch
I’m happy to share with everyone our first development update.
Poloniex announced the listing of EOS. Bidding starts on August 1
A few weeks ago, Circle announced the launch of a new tool Circle Asset Framework, which allows you to select assets for listing on the site. According to the company's blog, projects are evaluated by several key criteria - fundamentality, technology, people, business model and dynamics in the market. Today, using the analytical data of the Circle Asset Framework, the company has come to a decision to add the EOS cryptocurrency to the Poloniex exchange.
A few weeks ago, Circle announced the launch of a new tool Circle Asset Framework, which allows you to select assets for listing on the site. According to the company's blog, projects are evaluated by several key criteria - fundamentality, technology, people, business model and dynamics in the market. Today, using the analytical data of the Circle Asset Framework, the company has come to a decision to add the EOS cryptocurrency to the Poloniex exchange.
Vitalik Buterin: We are in the very tail of a crypto bubble
Creator Ethereum Vitalik Buterin, who did so much to make and distribute cryptocurrency, shared his thoughts about the current state of cryptology. The reason for this was a tweet of the Tim Swanson, indicating the fall in web traffic of the Coinbase exchange, which took place against the background of the bear market since the beginning of this year. "And is anybody surprised? We are now at the very end of the crypto-bubble, "Buterin commented. He is no longer the first time with comments on the ups and downs on volatile cryptology. So, last month he said that there is no "cure for bubbles, except to let them go their course and burst in the end."
Creator Ethereum Vitalik Buterin, who did so much to make and distribute cryptocurrency, shared his thoughts about the current state of cryptology. The reason for this was a tweet of the Tim Swanson, indicating the fall in web traffic of the Coinbase exchange, which took place against the background of the bear market since the beginning of this year. "And is anybody surprised? We are now at the very end of the crypto-bubble, "Buterin commented. He is no longer the first time with comments on the ups and downs on volatile cryptology. So, last month he said that there is no "cure for bubbles, except to let them go their course and burst in the end."
Coinbase welcomed a new member to their team, who will be the Chief Officer of Compliance department
Jeff Horowitz is a former head of AML programs at Goldman Sachs and Citi Group.
In the past, Horowitz was responsible for the regulation of banks in the Federal Deposit Insurance Corporation (FDIC), and was also a member of the Advisory Group on Bank Secrecy Law as part of the US Financial Crimes Network (FinCEN). In addition, Horowitz was a member of the Advisory Committee on Compliance issues within the Financial Institutions Regulatory Agency (FINRA).
Over the past three years, Horowitz has served as Chief Legal and Compliance Officer for Pershing LLC.
Jeff Horowitz is a former head of AML programs at Goldman Sachs and Citi Group.
In the past, Horowitz was responsible for the regulation of banks in the Federal Deposit Insurance Corporation (FDIC), and was also a member of the Advisory Group on Bank Secrecy Law as part of the US Financial Crimes Network (FinCEN). In addition, Horowitz was a member of the Advisory Committee on Compliance issues within the Financial Institutions Regulatory Agency (FINRA).
Over the past three years, Horowitz has served as Chief Legal and Compliance Officer for Pershing LLC.
Northern Trust supported hedge funds in working with cryptocurrencies
Northern Trust is one of the world's largest custodian funds, under the management of which there are assets worth $ 10.7 trillion - offered administration services to three unnamed large American hedge funds with a portfolio of Bitcoin and Ethereum. At the same time, special services have been created to service digital assets, which include validation, confirmation of cryptocurrency transactions and verification of compliance with KYC / AML procedures.
President of the Northern Trust for Corporate and Institutional Services Pete Cherecwich said that the time has come when any value, including national currencies, can be expressed in tokens. "We must understand how to store these tokens, evaluate them and do all that is necessary," mentioned the president of the Northern Trust.
Northern Trust is one of the world's largest custodian funds, under the management of which there are assets worth $ 10.7 trillion - offered administration services to three unnamed large American hedge funds with a portfolio of Bitcoin and Ethereum. At the same time, special services have been created to service digital assets, which include validation, confirmation of cryptocurrency transactions and verification of compliance with KYC / AML procedures.
President of the Northern Trust for Corporate and Institutional Services Pete Cherecwich said that the time has come when any value, including national currencies, can be expressed in tokens. "We must understand how to store these tokens, evaluate them and do all that is necessary," mentioned the president of the Northern Trust.