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Week 12: Komodo's Five Bullet Friday. Third Annual Notary Node Elections Will Begin Soon.

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 Week 12 

 

Komodo's Third Annual Notary Node Elections Will Begin Soon: Let The Campaigning Begin!

Komodo is excited to announce that the third annual Notary Node Election will begin in April 2019. The voting tokens will be airdropped at a 1:1 ratio to all KMD holders on April 14th and one month of voting will take place. Voting will conclude on May 14th.  https://komodoplatform.com/third-annual-notary-node-election/

 

Komodo's New-And-Improved DEX Is Entering Alpha Testing

Registration for the private alpha testing phase of Komodo's DEX is officially closed. After receiving an enormous amount of interest from influencers, journalists, industry experts, and community members, Komodo has a large team of alpha testers ready to perform their first atomic swaps. The DEX will begin this alpha testing phase in the coming weeks.  https://twitter.com/0xca333/status/1107232628401467392

 

CoinDAQ includes Komodo

Komodo has been added to the list of CoinDAQ's preinstalled currencies. CoinDAQ is a SaaS that offers it's users instant insight into market trends, influencers and crypto fundamentals at a glance, powered by real-time analytics. As well as a single interface to trade on all cryptocurrency exchanges.  https://twitter.com/CoinDAQTerminal/status/1108294050531196928

 

RedFOX Labs to host its initial exchange offering (IEO) on CoinBene starting April 8, 2019.

RedFOX aims to create innovative and scalable solutions to unlock true market potential on the Komodo Platform, as we aim to create leading companies in the e-commerce, e-media, e-travel, ride-hailing and logistics areas. The whitepaper is here and the announcement is here: https://twitter.com/bennydoda01/status/1107655974226034689.

 

Komodo Added New Documentation For Rogue, MuSig, and Sudoku Modules

This week, Komodo team member Siddhartha worked closely with the Development Team to complete new developer documentation for three of Komodo's newest custom consensus modules. The new dev docs can be found here:

 

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March 22, 2019
WHALES ONLY: Customers of crypto lender BlockFi with more than 25 bitcoin or 500 ether in their interest-bearing crypto deposit accounts might see smaller returns than expected, after the company announced that it will only pay 2 percent interest, and not the advertised 6 percent, to its larger accounts. Smaller accounts will still a 6 percent interest rate, compounding monthly for an annual percentage yield of 6.2 percent. BlockFi CEO and founder Zac Prince says the change came after institutional clients tried to deposit more than $1 million in crypto, resulting in volumes that the company would not have been able to support. Full Story

FORK RISK: A group of Mt. Gox creditors has warned of a market risk for some cryptocurrencies in a draft plan for the collapsed exchange's civil rehabilitation. Mt. Gox Legal set out in the proposal how the exchange’s remaining assets should ideally be paid out by the collapsed exchange’s trustee. It notably stresses the market risks for coins that have split off (or forked) from bitcoin, saying that no exchange could handle the volume of tokens arising from a Mt Gox distribution, and that a mass sale by the trustee could see a price crash for those tokens. Full Story

TZERO TRADING: Overstock’s security token platform tZERO is going full crypto. Until now, security tokens had been the startup’s priority, but this summer, tZERO plans to launch its own mobile trading app for buying and selling bitcoin and, possibly, ether, CEO Saum Noursalehi told CoinDesk. The app for iOS and Android devices is scheduled to launch in June and is being developed by Bitsy, a crypto startup in the portfolio of Overstock’s venture arm Medici Ventures. “That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app,” Noursalehi said. Full Story

(WEED) KILLER APP? ConsenSys spin-out BlockApps is working with Bayer Crop Science, the controversial agricultural giant formerly known as Monsanto. The multinational is collaborating on several BlockApps pilot projects that began as proof-of-concept implementations in 2018, CoinDesk has learned. Michael Pareles from Bayer Crop Science said its plan is to partner with BlockApps to "increase our applications of blockchain, both in our operations and in our industry." Full Story

SBI vs BITMAIN? Japanese financial services giant SBI Holdings has established a new subsidiary to make cryptocurrency mining chips and systems. The new venture, SBI Mining Chip Co., will be developing and manufacturing the miners in partnership with an unnamed "large" semiconductor enterprise in the U.S. SBI Mining Chip will be led by former NASA veteran Adam Traidman, who has a "high level of expertise in the field of leading-edge semiconductors and other electronics," SBI said. Full Story​
DOWN, NOT OUT:  Bitcoin fell back below $4,000 on Thursday, engulfing the positive price action seen in the preceding four days. The outlook, however, not so gloomy, as the recovery from lows near $3,920 has left the bullish higher lows pattern intact along the trendline connecting the Feb. 8 and March 4 lows. So, the cryptocurrency's bulls are still on the hunt for a sustained breakout above the crucial three-day chart resistance at $4,040. Full Story​
BEST OF THE BEST

CHIP OVERLOAD: Nvidia has said it’s on target to clear the mountains of processors it stockpiled in (over) anticipation of continued demand from cryptocurrency miners, Bloomberg reports. Its chip inventory is expected to be cleared out in the current quarter, according to CFO Colette Kress, who also predicted that revenue will be the same as, or slightly below, last year for fiscal year 2020.

THE REST

CHINA CLOUD: Chinese e-commerce giant Alibaba and software firm Aerospace Information Co., Ltd. have signed a strategic cooperation to develop services across cloud computing, smart industries, finance, government and… you got it, blockchain. For that side of the business, according to Securities Daily, the two firms plan to provide cloud solutions to help develop the blockchain industry. Alibaba is already very involved in blockchain development and is one of the most prolific filers of patents involving the tech.

PUBLIC VIEWING: Digital art registry Artory has snapped up a subscription database company that stores sales information from 4,000 international auction houses and plans to put the data on a blockchain. The Art Newspaper writes that the acquisition will see Artory for the first time make public Auction Club records gathered from hundreds of businesses across 40 countries.

WHO WON #CRYPTOTWITTER

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Bitcoin Correlation / Supply Chain Improvements / XRP Projects / tZERO

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$BTC (12:40 p.m. EST): $4,029.26 (0.42%) // 90-day high: $4,238.41 // 90-day low: $3,286.14 / / More

$BCH ABC (12:40 p.m. EST): $159.33 (4.10%) // 90-day high: $218.09// 90-day low: $80.95 // More

$ETH (12:40 p.m. EST): $138.63 (0.99%) // 90-day high: $160.13 // 90-day low: $86.08 // More

$LTC (12:40 p.m. EST): $59.89 (1.08%) // 90-day high: $62.08 // 90-day low: $22.09 // More

$XRP (12:40 p.m. EST): $0.31 (0.53%) // 90-day high: $0.43 // 90-day low: $0.28 // More

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1. The correlation between the price of bitcoin and altcoins has diminished over the last three months, according to a study from Binance Research. The prices of altcoins historically followed bitcoin, including during last year's historic crash. However, if the current trend of lower correlation continues it would sign a maturing of the market where future price cycles will not cause the entire market to move as one. Bitcoin's market dominance recently hit its lowest point in seven months, threatening to fall below 50 percent. –NEWS BTC

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2. IBM's research laboratory in Haifa, Israel has created a blockchain platform it hopes will reduce the sale of fake medicine in Africa. The system has the ability to bring transparency to the pharmaceutical supply chain, letting patients know if the drugs they take have the active ingredients promised and no toxic substances. The London School of Hygiene and Tropical Medicine estimates that up to 158,000 people in Africa die each year from malaria after taking fake antimalarial drugs. –THE STANDARD

IBM to use blockchain to improve medicine to Africa
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3. Wietse Wind, the founder of Ripple-backed XRPL Labs, asked the crypto community to create and rank projects centered on making XRP a mainstream payment option around the world. Wind recently completed a crowdfunding campaign to bring XRP to 3.3 million online stores via WooCommerce. The top proposals will be presented to Ripple and the larger XRP community for funding. So far, the top projects include: Streaming XRP micropayments for software licenses; integrating XRP tipping with Stack Overflow; and bringing XRP to e-commerce giant Shopify. –DAILY HODL

XRPL Labs founder  looks for XRP projects
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4. Overstock's tZERO security token platform plans to launch its own mobile trading app this summer. CEO Saum Noursalehi told CoinDesk that the app will focus on more than security tokens, allowing customers to trade a wide-range of cryptos including bitcoin. He added that the app's growth was part of the reason the company acquired Bitsy. The app, he added, will allow users to hold custody of their crypto without relying on a third party, and will plug into a network of exchanges through tZERO's partner, institutional trading platform SFox. –COINDESK

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5. Pascal Boyart, a French street artist known for hiding cryptocurrency in his murals, received an anonymous donation of 1 BTC, worth about $4,000. –NEWS BTC

6. The first bitcoin ATM in the Middle East was installed in Dubai at the Rixos Premium Hotel. –AMB CRYPTO

7. EOS, tron, and ethereum were named the top three cryptocurrency projects by China's Center for Information and Industry Development in the agency's latest crypto rankings. –BITCOIN.COM

8. Nivesh Rustgi argues that JPMorgan's cryptocurrency could be the start of a blockchain revolution in banking that may doom Ripple's XRP. –COINGAPE

9. Joseph Young believes that Jack Dorsey's push to hire crypto developers at Square could be pivotal for crypto adoption. –CCN

10. Alexander Vinnk, the alleged operator of the troubled ETC-e exchange who was arrested in July 2017, has been on a hunger strike for three months as he fights for extradition to his native Russia. –THE NEXT WEB

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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 (Pittsburgh-based journalist and managing editor at Inside) and Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram).

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