This is why ICON dominates the Korean blockchain space

Projects with the government are not the only thing happening in the ICON Republic 

View email in browser | Visit The Iconist ICON dominates the Korean blockchain space Editor's Notes Blockchain in Korea is getting stronger and stronger, and ICON is part of it. Not only does it have great partnerships with big names like Samsung, NAVER Line, SK and Woori bank, ICON is now being used by the Seoul Government to issue letters of appointment. You can learn more about it with our most recent stories below. As always, we love to hear from you. Get in touch on Twitter (@TheIconistNews) or by email at hello@theicon.ist.  Mariana Peralta Editor @ The Iconist Don't Miss These Articles SEOUL GOVERNMENT ISSUES APPOINTMENT LETTERS USING ICON PUBLIC CHAIN by Robin J. Wolf ICON DOMINATES THE KOREAN BLOCKCHAIN SPACE by Robin J. Wolf  NEW PROJECTS AND PARTNERSHIPS IN THE BIA by Mariana Peralta ANOTHER KOREAN CONGLOMERATE JUMPS ON THE CHAIN by Robin J. Wolf Connect with The Iconist Community. Get ICON news first. Copyright © 2019 The Iconist, All rights reserved. Thanks for signing up to our newsletter! Our mailing address is: The Iconist PO Box 75 San Francisco, CA 94104-4602 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

CoinSheet #243 That men do not learn very much from the lessons of history is the most important of all the lessons of history. — Aldous Huxley (1894-1963) Weekly Bulletin Hello folks, Hope you've all had a great week. Let's get right into it. JPM Coin The first cryptocurrency created by a major U.S. bank is here! (and by here, I mean not here, and that they're still working on it, and you probably won't be able to use it anytime soon).

	Weekly Bulletin (Feb 17, 2019) CoinSheet #243 Feb 17 Public post That men do not learn very much from the lessons of history is the most important of all the lessons of history. — Aldous Huxley (1894-1963) Weekly Bulletin Hello folks, Hope you've all had a great week. Let's get right into it. JPM Coin The first cryptocurrency created by a major U.S. bank is here! (and by here, I mean not here, and that they're still working on it, and you probably won't be able to use it anytime soon). JPMorgan Chase is planning on launching JPM Coin to speed up payment settlements. Let's take a took at JPMorgan Chase has to say about their coin. So what exactly is the JPM Coin and what is it used for? JPM Coin is a digital coin designed to make instantaneous payments using blockchain technology. Exchanging value, such as money, between different parties over a blockchain requires a digital currency, so we created the JPM Coin. Are JPM Coins a currency or legal tender? The JPM Coin isn't money per se. It is a digital coin representing United States Dollars held in designated accounts at JPMorgan Chase N.A. In short, a JPM Coin always has a value equivalent to one U.S. dollar. When one client sends money to another over the blockchain, JPM Coins are transferred and instantaneously redeemed for the equivalent amount of U.S. dollars, reducing the typical settlement time. Does the JPM Coin run on Quorum, J.P. Morgan's blockchain technology? The JPM Coin will be issued on Quorum (*an open source, permissioned fork of Ethereum) Blockchain and subsequently extended to other platforms. JPM Coin will be operable on all standard Blockchain networks. You heard it here folks, it be will operable on all the blockchains. ALL THE BLOCKCHAINS. Okay, got it, so it's basically a stable coin representing the U.S Dollar. Do we call this JPM Coin a cryptocurrency? I say yes. Ari Paul@AriDavidPaul 1/ Is JPMcoin a cryptocurrency? We won't necessarily be able to dictate how the world uses language, but here's my suggestion for a framing that helps non-permissioned cryptocurrencies gain adoption. February 15 2019 29 Retweets98 Likes Ari Paul@AriDavidPaul 2/ I think it's great to call JPMcoin a cryptocurrency. That naturally leads everyone to explore the difference between JPMcoin and non-permissioned crypto's and we get to give a simple explanation of intranet va internet, of centralized and permissioned vs public crypto February 15 2019 8 Retweets51 Likes Ari Paul@AriDavidPaul 3/ this is a great framing for us. Easy to explain and differentiate the crypto value proposition. Debating the definition of cryptocurrency or blockchain themselves shifts the debate away from features and problems to fighting over terminology. February 15 2019 2 Retweets34 Likes Ari Paul@AriDavidPaul 4/ I'd rather be able to explain why Bitcoin is superior to JPMcoin in many specific ways than to be objecting to the comparison at all. February 15 2019 3 Retweets60 Likes I don't usually agree with Ari Paul because he usually says some wild shit. But I agree with him here. Create JPM Coin to further establish Bitcoin, I'll take it. So where are we now on the 5 stages of grief? With this JPM Coin, we're finally half-way through "Bargaining." A monumental step forward. Denial (Bitcoin is a scam) Anger (terrorism, global warming, etc... ) Bargaining (blockchain not Bitcoin) Depression Acceptance If you want to listen to more about this topic, here's a great talk by Lord Andreas about Bitcoin, banks and the five stages of grief. Jameson Lopp@lopp Banker stablecoins are a step forward, just as banker intranets were in the 1990s. Adoption of this technology will make the transition smoother when they are forced to capitulate and adopt the Internet of Money. February 14 2019 407 Retweets1,680 Likes Ahhh folks, what a day to be alive. Nasdaq adding Bitcoin and Ethereum Indexes to its Global Index Service Stock exchange operator Nasdaq is adding indices for bitcoin and ethereum to its global data service later this month. Cool stuff, the acknowledgements just keep coming. Source Market Sentiment Technicals Bitcoin (Daily Overview) Not much action here, bitcoin has been ranging all week. The consensus among traders is still that the 3k support will be broken. I'm still bearish since the 50 SMA resistance has not been broken. Bitcoin (4h Support/Resistance Levels) Resistance 2: ~3,935 Resistance 1: ~3,795 Pivot point: ~3,565 Support 1: ~3,420 Support 2: ~3,200 Bitcoin (4h Volume) Still seeing bearish divergence that started last week. Expecting downside. Bitcoin (Macro Overview) Below are the 3 most common bottom scenarios. Option 1: Fractals analysis bottom (2,300 - 2,600) Option 2: Fib extension bottom (1,700 - 1,900) Option 3: Retest support of 2017 rally bottom (900 - 1,200) As of Feb 17, 2019 my confidence level are: A bottom between 1,700 and 2,600 = about 70%. We've already bottomed = about 25%. Retest 900-1,200 = About 5% chance. Recommended Readings JPMorgan just killed the bitcoin dream About a decade ago, a group of anarcho-capitalist coders rallied around the utopian notion that the digital protocol developed by the pseudonymous Satoshi Nakamoto would one day create marginal efficiencies for JPMorgan Chase 's back-office operations. Good lol for you today. You can read it here. The end If you think something important happened last week and we missed it, let us know! Continue the discussion in our Telegram group. That's all for now. See you later space Cowboy You're on the free list for CoinSheet. For the full experience, become a paying subscriber. 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