Thursday, April 4, 2019

The Biggest News in æternity in March 2019!

Dear community,

The past month has been quite busy and fruitful for the æternity ecosystem! As the saying goes, time in crypto moves much faster than the rest of the world. It certainly felt that way for the æternity team!

Below, you will find a concise update on all that happened in æternity in the month of March 2019.

End of Migration Phase 2 and Next Hard Frok

The end date for Phase 2 of AE token migration and the date of the next scheduled upgrade of the æternity protocol were both announced in March. Phase 2 will end on May 7, while the next fork will take place on May 28.
LEARN MORE

æternity Ventures Update on Starfleet 2

Fourteen blockchain startups were selected to participate in Starfleet 2. The accelerator program kicked off on March 11 with a week-long intense training at the end of which only eight were selected to continue further. These eight blockchain projects will pitch their visionary ideas on April 11 at the second Demo Day. Their audience? æternity's top management, investors, media partners, the æternity community and the entire world via global LIVE streaming. Do you want to know which startups will receive $100k? Follow æternity Ventures' Facebook page to get the link to the live stream and vote for your favorite!
FOLLOW ÆTERNITY VENTURES

æternity Development 101

In March, our friends from dacade.org launched the first comprehensive course dedicated to æternity's tech features focusing on developers. The course is free and allows developers to understand the advantages of the æternity protocol and smart contracts, get familiar with essential dev tools, and build their first æpp. Curious devs that successfully go through the final challenge will receive 50 USD in AE tokens.
REGISTER FOR THE COURSE

æternity Documentation Hub

After much effort by the dev team (thanks, Pegah!), a technical guide to æternity's technical resources was created and launched. It is mainly dedicated to æpp developers and miners, but it also includes information about the æternity protocol, Sophia smart contract examples and tutorials. The main goal of the Hub is to help æpp developers get started with æternity.
ACCESS THE DOCUMENTATION HUB

Product Development Updates

With the goal to keep the entire community up-to-date with the progress of æternity's product teams Emin, æternity's CPO, launched a weekly update call that is recorded and shared in the Forum. In addition, all product teams will share progress updates, also in the Forum.
WATCH THE FIRST UPDATE CALL

Two Major Announcements!

In March, æternity acquired a stake in SatoshiPay with the goal to enable open-source developers to integrate nanopayment functionality for any type of digital content, data or service. 

Pablo Coirolo, ex-CEO of Telefonica Data Uruguay, joined æternity as a board member and CEO for the Americas region. Pablo is a visionary and an expert at helping businesses of all sizes in mastering new technologies for enterprise use. We are all very excited!

But Wait, There is More!

æternity @ Token2049

Yanislav, æternity's Founder, and Nikola, æternity's CBO, participated in one of the largest blockchain-focused events in Asia - Token2049. Yani took part in a panel discussion dedicated to smart contract platforms. You can watch a recording of the talk here

Thank You for Your Ongoing Support!

 
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The æternity team
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Bitcoin Cash Boom / BitMEX Refund / Montana / Crypto Mortgage

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$BTC (2:41 p.m. EST): $4,891.52 (-4.81%) // 90-day high: $5,156.44 // 90-day low: $3,286.14 / / More

$BCH ABC (2:41 p.m. EST): $280.12 (-14.22%) // 90-day high: $332.82// 90-day low: $80.95 // More

$ETH (2:41 p.m. EST): $156.52 (​-10.04%) // 90-day high: $181.11 // 90-day low: $86.08 // More

$LTC (2:41 p.m. EST): $82.64 (-11.34%) // 90-day high: $93.66 // 90-day low: $22.09 // More

$XRP (2:41 p.m. EST): $0.33 (-9.10%) // 90-day high: $0.43 // 90-day low: $0.28 // More

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1. The recent crypto boom has seen a number of coins see massive gains, maybe none more than bitcoin cash. The digital coin saw its price double over a 48-hour period to hit $341.66 on Wednesday afternoon. While the coin has since retreated a bit, the growth still remains impressive. The price of bitcoin cash has mirrored that of bitcoin, although BCH has taken wider swings this week. And not to be outdone, litecoin passed $100 per coin on Wednesday before taking a step back today. –CCN

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2. BitMEX will refund users who lost money during this week's bitcoin bull run because of technical problems on its platform. BitMEX automatically closed some clients' position as the prices of bitcoin and ethereum rapidly rose through a process known as auto deleveraging. The number of positions affected was minimal but still had the potential to dramatically hurt some traders as the price of bitcoin surged more than 20 percent in 48 hours. "We compensated users based on the maximum potential profit that they would have made over the timeframe of these auto-deleveraging events," the company said. –COIN TELEGRAPH

BitMEX to refund users after technical problem
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3. Officials in Missoula County in Montana are expected to approve a law that would require cryptocurrency mining operations to offset their energy use with renewable projects. That law, which could be approved as soon as Thursday, comes in advance of a resolution that would commit the area to 100 percent clean electricity by 2030. "We looked at the potential for new bitcoin mining and saw that we're never going to meet these goals if mining happens in the way it's been happening," said Josh Slotnick, who sits on the board of commissioners. Miners in Missoula currently use as much energy of one-third as the county's 40,000 people while only employing 19 workers. –WIRED

Montana county to approve law for renewable energy
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4. Brock Pierce took out a crypto-backed mortgage to buy a $1.2 million home in Amsterdam. Pierce, the founder of Blockchain Capital, likely has a net worth of more than $1 billion thanks to early investments in ethereum and early support of Coinbase. He loaned the money to buy the home from NEXO, a Swiss-based lender, using his cryptocurrency reserves as collateral. NEXO said that Pierece was the first person in the world to use his crypto assets to buy real estate at that scale. –BITCOINIST

Pierce takes out first crypto-backed mortgage
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April Fool's Wrong for Crypto Market

About 12 years ago, I wrote a newsletter focused on government technology and created a full April Fool's issue filled with fake stories. At the time it was a hit, at least in the feedback I got from readers.

I say all this to frame my following statement: I appreciate a good fake story, but hated the joke piece Finance Magnates wrote about the SEC approving a bitcoin ETF earlier this week. If you haven't read, the article, which has since changed its headline to promote the joke, pretended that the SEC held an emergency meeting over the weekend to approve a bitcoin ETF. The article even included a fake tweet from the SEC's public affairs account (which Rick Rolled those that clicked on it, but I'm willing to bet many readers didn't take that step).

The joke, though, fell flat for me on two accounts. First, the article did not present itself as a joke. The idea that the SEC held an emergency meeting to approve an ETF is not likely, but it is also not out of the realm of possibilities. The article itself included quotes and background information that read like a normal news story.

My second issue comes with the market itself. The cryptocurrency market has no shortage of FUD. The industry suffers from erroneous news reports, rumors, and outright misinformation that could affect how investors act. Doing a fake April Fool's story only adds to that for no real reason. A quick look at Twitter showed that many bought in, users sending out the headline and the link – probably without knowing much more than that, unknowingly adding to the spread of misinformation.

So my question today is this: Did the fake story rub you the wrong way like it did me or do I need to loosen up a bit? Hit reply to this email, or send me a note @davidstegon on Twitter, and let me know why.

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5. Tesla CEO Elon Musk named dogecoin his "fav" cryptocurrency, even ahead of bitcoin, which he has praised in the past. –FORBES

6. Galaxy Digital CEO Michael Novogratz called litecoin a "glorified test net" for bitcoin. –NEWS BTC

7. Offchain Labs, a startup that wants to create more scalable smart contracts, raised $3.7 million in a seed round led by Pantera Capital. –TECH CRUNCH

8. PricewaterhouseCoopers has experimented with a blockchain to validate a job candidate's credential. –THE WALL STREET JOURNAL

9. Four exchange-traded products tied to the prices of XRP and litecoin are live ono the Nordic Growth Market, making them available to customers in the EU. –COINDESK

10. The mainstream media has not taken kindly to the cryptocurrency market's recent surge. –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 (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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