Monday, March 11, 2019

What, no bitcoin?

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March 11, 2019

SAMSUNG REVEAL: The new Samsung Galaxy S10 will store ether and ethereum-based ERC-20 tokens through the company’s Samsung Blockchain Wallet app, according to a new report from CoinDesk Korea. Bitcoin, which has appeared on Samsung promotional materials, is not supported at launch. The Samsung Blockchain Wallet app can only be downloaded from the Samsung Galaxy Store, and will only be accessible through S10 devices. At launch, four dapps are also supported: Enjin, Cosmee, CryptoKitties and CoinDuck. Full Story

‘GOOD’ MONEY: Cryptocurrencies could play a role in rebuilding the Venezuelan economy, says economist Aaron Olmos. The professor – who lives in the South American nation – told CoinDesk that the country’s economy is “a complicated situation” because while dollars and cryptocurrencies (“good money”) are available, residents do not spend either, despite the fact that goods and services are essentially priced in dollars, rather than in "bad" Bolivars. Full Story

LONDON CALLING: Investment management company Invesco is launching a blockchain exchange-traded fund (ETF) on the London Stock Exchange today. For the effort, Invesco has partnered with London-based Elwood Asset Management to launch the product that is designed to target companies with the potential to generate “real earnings” from blockchain technology. The ETF will invest in firms on the Elwood Blockchain Global Equity Index, which has a portfolio of 48 companies including bitcoin futures trading operator CME Group and online retail giant Overstock. Full Story


XRP ETP: SIX, the primary stock exchange in Switzerland, may soon list an exchange-traded product tracking the price of XRP, the third-largest cryptocurrency by market cap. Swiss firm Amun AG, which already offers several crypto-based ETPs, told CoinDesk that the company has received approval to list its XRP product, and hopes to roll it out within the next two months. Further down the line, Amun will also list ETPs tracking bitcoin cash, litecoin, stellar lumens and EOS. Full Story

$350 SHORT: Bitcoin is witnessing a minor pullback today of less than 2 percent, weakening the near term bullish outlook, but a number of long duration technical indicators including the MACD and money flow index are still showing early signs of a bullish reversal. To confirm a bullish trend change, bitcoin’s price would need to scale the Christmas day lower high of $4,236 in order to print its first weekly higher-high since late 2017. Full Story
BEST OF THE BEST

BLOOMBERG: Tyler and Cameron Winklevoss, who run the Gemini Trust crypto exchange, promoted the idea of a regulated exchange at SXSW this weekend, highlighting how investors in exchanges like QuadrigaCX lost funds due to the way the platform was operated and overseen, Bloomberg reports. Cameron Winklevoss explained that "at the end of the day it's really a trust problem. You need some kind of regulation to promote positive outcomes." 

THE REST

FORBES: U.S.-based crypto investors will have to file their taxes within the next month, and any profits they make on their trades must be reported to the Internal Revenue Service, according to Forbes contributor Yoav Vilner. Vilner outlines a number of other factors investors must consider before filing their taxes, including the fact that bitcoin is classified as property at the federal level, though other cryptocurrencies have not been classified as such. 

ATOZ MARKETS: The Marshall Islands is moving towards the launch of its own national cryptocurrency called the Sovereign (SOV), AtoZ Markets reports. To that end, the country's government has partnered with Israel-based startup Neema to develop the coin and aims to issue 2.4 million SOV to the citizens of the islands, possibly by the second half of 2019. Neema CEO Baka Ben Ezer said the SOV is being designed to take into account money-laundering concerns from U.S. regulators.

WHO WON #CRYPTOTWITTER

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North Korea / Starbucks Problems / Roger Ver / Ethereum Proposal

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$BTC (12:26 p.m. EST): $3,898.55 (-1.05%) // 90-day high: $4,238.41 // 90-day low: $3,286.14 / / More

$BCH ABC (12:26 p.m. EST): $129.18 (-2.40%) // 90-day high: $218.09// 90-day low: $80.95 // More

$ETH (12:26 p.m. EST): $133.84 (-2.05%) // 90-day high: $160.13 // 90-day low: $86.08 // More

$LTC (12:26 p.m. EST): $55.58 (-2.48%) // 90-day high: $52.69 // 90-day low: $22.09 // More

$XRP (12:26 p.m. EST): $0.31 (-1.12%) // 90-day high: $0.43 // 90-day low: $0.28 // More

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1. North Korea has amassed $670 million in foreign and digital currency through cyber theft, according to a panel of experts reporting to the United National Security Council. The panel's findings will reportedly be published next week. Asia Nikkei, which claims to have seen a draft of the report, said the North Korean government has created a specialized corps within its military to steal the funds. The outfit uses blockchain to circumvent traditional financial systems, which have limited the country's access to funds as part of broad economic sanctions. –NIKKEI

North Korea hoards digital currency
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2. The idea of buying Starbucks coffee with bitcoin through the Bakkt platform sounds fun, but it may be a tax nightmare. When the system goes live later this year, Starbucks will not accept cryptocurrency directly; customers will send cryptocurrency to Bakkt, which will convert it into fiat currency to pay Starbucks. What that means for investors is that they must account for capital gains tax on each cup of coffee they purchase using this method throughout the year. That could become difficult if someone uses the platform regularly, or just plain annoying if they use it once and have to account for it later. –BLOCKONOMI

Starbucks bitcoin payments to cause tax problems
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3. Bitcoin.com CEO Roger Ver came to the defense of Coinbase, arguing on Twitter that the exchange has done more to drive cryptocurrency adoption than any other company. Ver's comments come amid the #DeleteCoinbase campaign after the company acquired Neutrino, a blockchain security company whose leadership led Hacking Team, a company that sold solutions to governments with known human rights abuses. "We should be grateful despite a few poor decisions along the way," Ver said. –NEWS BTC

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4. Ethereum co-founder Vitalik Buterin proposed a tiny increase in network user fees to better support developers with sustainable funding. Buterin proposed that users pay 1 gwei ($0.01 is about 3,000 gwei) when sending funds to an ethereum wallet. While that may seem small, Buterin believes that change could raise an additional $2 million a year to support development efforts. He added that increasing the fee would have raised enough money to cover all grants to date from the Ethereu​​​​​​​m Fou​​​​​​​ndation, which cu​​​​​​​rrently receives a large part of its fu​​​​​​​nding throu​gh donations. –​​​​​​​COINDESK

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5. Bumble Bee Foods – you know, the tuna people – launched a blockchain platform in collaboration with SAP to add transparency to the seafood supply chain. –COIN TELEGRAPH

6. Twitter and Square CEO Jack Dorsey recently purchased a Trezor Model S hardware wallet to store his cryptocurrency. –ETHEREUMWORLD NEWS

7. The QuadrigaCX saga is the messiest in bitcoin history, writes Engadget, in an industry known for messy sagas. –ENGADGET

8. Because of cases like QuadrigaCX, Cameron and Tyler Winklevoss, founders of the Gemini Exchange, want to see more regulation in the industry. –BLOOMBERG

9. The litecoin rally continues and it has boosted the price of bitcoin and ethereum along the way. –FORBES

10. Writer Davit Babayan goes after Warren Buffett, arguing that the Oracle of Omaha has invested in a number of suspicious companies and has no room to criticize the members of the bitcoin community. –NEWS BTC

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Kim Lyons (managing editor at Inside, a Pittsburgh-based journalist with recent bylines in the NYTimes and Columbia Journalism Review.) and Susmita Baral (senior editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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æternity Community Update - February, 2019

Dear community,

The æternity movement is pushing forward in all directions. February saw the end of the Phase 1 of token migration as well as the preparations for the first scheduled protocol upgrade. The æpps team continued to improve the Base æpp, app tools, and explorer. 

The marketing team published some great content, organized a contest, and improved the usability of the Forum. Simultaneously, æternity Ventures geared up for Starfleet 2.0, and the unique Drone Graffiti project was launched.

Here is a breakdown of everything that happened in the month of February!

The Minerva Release & Hard Fork

The first scheduled upgrade of the æternity protocol was activated on March 7, at block height 47800. To make this happen, consensus-breaking changes were first introduced on the UAT Testnet on February 22. Since no issues were identified, the Mainnet Minerva release (2.0.0) was published in GitHub on February 27. Learn more about the changes that Minerva introduced by clicking below.
THE MINERVA RELEASE

Start of Token Migration Phase 2

Phase 1 of AE token migration ended on February 15, 2019 at 11:59:59 PM CET. All tokens migrated after that date will be included in Phase 2, which is expected to end on May 7, 2019. Users and exchanges can go to migrate.aeternity.com and prepare their tokens for transfer to the Mainnet. All Phase 2 migrated tokens will become available after the next scheduled hard fork of the æternity protocol, scheduled for May 28, 2019.
MIGRATE YOUR AE TOKENS

Introducing æternity's Playground

A new tool dedicated to developers and æpp creators was showcased in the blog last month. Playground allows for experimenting and previewing æpps that make use of æternity's off-chain scaling solution - State Channels. Learn more about the new tool by clicking below.
ÆTERNITY'S PLAYGROUND

Podcast Series: Blockchain From The Block

The æternity Foundation Bulgaria launched the first podcasts from the "Blockchain from the Block" series, a production made possible in cooperation with the Croatian media website Netokracjia and focused on the Balkan Blockchain scene. The aim is to showcase the potential of blockchain technology and introduce some of the most interesting projects in the region. 
LISTEN TO THE EPISODES

Spotlight: The World Cryptonomic Forum

A blog post featuring the most interesting highlights from the first event in an annual series of events dedicated to the socioeconomic impact of blockchain technology was published. It includes enlightening quotes by some of the experts who participated, as well as a short teaser video.
READ ABOUT THE FIRST WCF

Content, Tutorials, Contests and More!

А number of great content pieces, contests, and tutorials were released in February. 

Securing the Art of Mr. Kone

An art project by Mr. Kone was realized with the help of drones and blockchain technology, creating the first Drone Graffiti art-piece.

Thank You for Your Ongoing Support!

 
If you would like to interact with the team or community, please feel free to join one or more of the channels below.
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##aeternity on freenode
Blogs, Forums & Chats
We are thrilled to have you with us!
The æternity team
Our mailing address is:
info@aeternity.com

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