Friday, April 19, 2019

Binance Blockchain / Coinbase Revenue / US Crypto Regulation / BTC Sovereign Bond

Subscribe | View in browser

$BTC (2:11 p.m. EST): $5,294.96 (0.08%) // 90-day high: $5,421.65 // 90-day low: $3,391.02 / / More

$BCH ABC (2:13 p.m. EST): $307.35 (-0.09%) // 90-day high: $342.87// 90-day low: $108.09 // More

$ETH (2:13 p.m. EST): $172.65 (-0.98%) // 90-day high: $184.38 // 90-day low: $102.93 // More

$LTC (2:14 p.m. EST): $82.05 (-0.86%) // 90-day high: $97.50 // 90-day low: $30.32 // More

$XRP (2:14 p.m. EST): $0.33 (-1.68%) // 90-day high: $0.37 // 90-day low: $0.28 // More

Facebook gray   Twitter gray   Email gray   Permalink gray

1. Binance has launched its own custom blockchain, Binance Chain. Binance Chain will support Binance's $3 billion native cryptocurrency, BNB. The move to its own chain reduces its reliance on Ethereum. Users have up until April 23 to withdraw their current BNB tokens into a compatible ERC-20 token wallet if they want to keep them in an Ethereum wallet. BNB will be used as a gas on the Binance Chain to pay for network transactions. -BINANCE

Binance launches a DEX
Facebook gray   Twitter gray   Email gray   Permalink gray

2. Coinbase generated $520 million in revenue last year, a number more than 60 percent below projections the company had made earlier in 2018. The revenue numbers come from a Reuters review of the exchange's revenue in the United Kingdom, which was reported in a filing with the U.K.'s corporate registry. If correct, this revenue number also falls far short of the $923 million the company generated in 2017 during the height of the crypto boom. REUTERS

Facebook gray   Twitter gray   Email gray   Permalink gray
A MESSAGE FROM ASANA

Spend less time on busy work and make more time for the work that matters most. 

Asana is the work management platform that helps teams organize goals, plan projects, collaborate on tasks, and automate recurring processes—all in real time, all in one place. In fact, customers report that Asana helps them achieve their goals 45% faster.

Try it today and get 1 month free! 

3. Democratic presidential candidate Andrew Yang wants to establish clearer cryptocurrency guidelines for the U.S. Yang said that individual states creating their own crypto laws will muddle adoption, and that federal law should be instituted to govern the currencies. Yang also said he thinks the IRS does not do a good job of explaining the rules governing taxes on cryptos. He would seek to make such laws clearer if elected. -BITCOIN EXCHANGE GUIDE

Facebook gray   Twitter gray   Email gray   Permalink gray

4. Afghan officials at the annual spring meetings with the IMF and World Bank Group discussed coupling bitcoin with metal futures like Lithium to create the first sovereign bitcoin bond. Representatives from Tunisia, whose country already hosts an electronic currency called the e-dinar, also discussed the positive effect that a sovereign bitcoin bond would have on the north African country. A sovereign bitcoin bond would be a way for the two cash-strapped countries to raise money for development. Afghanistan is one of the world's largest producers of lithium, and Khalil Sedig, Governor at the Central Bank of Afghanistan, said the country could raise $5.8 billion through this measure. -ASIA TIMES

Facebook gray   Twitter gray   Email gray   Permalink gray

5. The President of Belarus, Aleksandr Lukashenko, has announced plans to create a giant data center to mine bitcoin that will go online by the end of 2019. -MINER UPDATE

6. South Korean exchange Bithumb is exploring a reverse merger to acquire a listed company on the Nasdaq or NYSE and become a public company in America. -THE CRYPTOCURRENCY POST

7. Donald Tapscott, the executive chairman of the Blockchain Research Institute, theorizes that The Central Bank of China could convert the official Chinese currency, the renminbi (RMB), into a cryptocurrency.  -COIN TELEGRAPH

8. 56 percent of people polled by the International Monetary Fund answered "cryptocurrency" the question, "How do you think you will be paying for lunch in 5 years?" Cash only received 8 percent. -TWITTER

9. The Rotate Bar in London is now accepting and giving a 20% discount for drinks bought with bitcoin over the Lightning Network. -COIN RIVET

10. Follow Friday: Tyrone V. Ross, Jr., at @TR401 : Ross is a Wealth Management and crypto asset advisor at Noble Bridge Wealth. He shares original thoughts about the crypto industry along with self-imposed memes. He also shares insights (either his or those from prominent entreprenuers) at the hashtag #FreeJewelry. Make sure to check out his Bitcoin Wealth Management panel at Coindesk Consensus 2018.

Facebook gray   Twitter gray   Email gray   Permalink gray

Written and curated by Darren Webb. He created Currencylists and has worked in marketing roles for a multitude of cryptocurrency and blockchain projects since 2014. Based in NYC, Darren loves to read and continue to learn about cryptocurrency and emerging technology in his spare time. You can find him on Twitter @Dwebbny.

Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside); Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram); and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

Facebook gray   Twitter gray   Email gray   Permalink gray
Copyright © 2019 Inside.com, All rights reserved.

Our mailing address is:
Inside.com
767 Bryant St. #203
San Francisco, CA 94107



Did someone forward this email to you? Head over to inside.com to get your very own free subscription!

You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.

#YangGang?

To view this email as a web page, go here.
April 19, 2019
CAMPAIGN RECOGNITION: Andrew Yang has become the first U.S. presidential candidate to publish a crypto regulation platform, pledging to "create clear guidelines in the digital asset world so that businesses and individuals can invest and innovate in the area without fear of a regulatory shift." While he notes that there are a number of areas that need clarity, the three main focuses are: digital asset markets are evolving more quickly than regulations; states have conflicting rules; and a lack of clarity as to how the federal regulatory framework will develop is causing innovation to lag. Full Story

ETHEREUM V POLKADOT: In two weeks, token-holders for the Aragon project will vote to determine whether any of the startup’s funds can be invested in Polkadot, or whether it must all be dedicated to building on ethereum. Specifically, holders will vote on two Aragon Governance Proposals. AGP 42, submitted by Spankchain CEO Ameen Soleimani, would “restrict Aragon from spending money on Polkadot development in any way, shape or form,” while AGP 41, submitted by the Web3Foundation, would let the project hedge up to $1.5 million in native Polkadot tokens. Full Story

FINCEN FIRST: The Financial Crimes Enforcement Network (FinCEN) has penalized crypto trader Eric Powers for failing to comply with the Bank Secrecy Act (BSA), alleging that he conducted more than 360 money transactions with both fiat and bitcoin without filing any currency transaction reports or reporting suspicious transactions. Powers admitted to the violations and will pay a $35,000 fine, and is now banned from providing money transmission services in the future. Full Story

‘MANY DEFICIENCIES’: The New York Department of Financial Services (NYDFS) continually provided guidance to Seattle-based crypto exchange Bittrex prior to rejecting its application for a BitLicense, writes NYDFS executive deputy superintendent Shirin Emami in an opinion submission. She says Bittrex “continues to misstate the facts and it presents a misleading picture about the denial.” For its part, Bittrex claims NYDFS is “overstepping its regulatory authority” and that the regulator’s “combative stance” only began after the exchange tried to negotiate a proposed supervisory agreement. Full Story
LOOKING UP? Bitcoin's quick bounce from newly established support near $5,170 has neutralized the bearish view put forward by the hourly chart earlier today. While prices are struggling to rise above $5,300, a violation there may entice buyers and bring about a re-test of recent highs above $5,400. Full Story
BEST OF THE BEST

BSV BLOCKS: The Bitcoin SV (BSV) cryptocurrency may be suffering from having increased its block size to 128 MB, The Next Web reports. The blockchain network was afflicted by a number of block re-organizations yesterday, with larger blocks being particularly prone to the issue. BSV was also hit with a re-org in November, the piece says. While it’s not clear if an attack caused the problems (following recent online feuding between the crypto’s founder and some in the community), regular re-orgs are bad for a network, since conflicting block histories can have “devastating” consequences, according to TNW.

THE REST

GERRY'S FRIEND: QuadrigaCX founder Gerald Cotten anticipated that he may be kidnapped or otherwise harmed due to the $200 million (CAD) that he held in his exchange prior to his untimely death in December, according to Adam O'Brien, a former colleague and friend. O'Brien told Global News he does not believe that Cotten faked his death (as some conspiracy theories claim), and unless the Quadriga founder set up a dead man's switch of some sort, customers are unlikely to receive their missing cryptos again. 

UNINTENDED CONSEQUENCES? Crypto exchanges are rushing to delist bitcoin cash Satoshi's Vision (BSV) after creator Crag Wright sent legal threats to individuals claiming he is not Satoshi Nakamoto, the pseudonymous creator of bitcoin. As a result, BSV's price has plummeted, falling from $73.50 to $54.24 (before rebounding – slightly), according to Finance Magnates. However, while this move may satisfy BSV opponents, the individuals most impacted by the delistings are those who hold the crypto, rather than Wright himself.
 

WHO WON #CRYPTOTWITTER

Facebook
Twitter
Instagram
LinkedIn

Copyright © 2019 CoinDesk, All rights reserved. 

Our mailing address is: 
250 Park Avenue South New York, NY, 10003, US 

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list  

 

Week 16: Komodo's Five Bullet Friday. Trustless oracles, RedFOX IEO update, and more.

Share
Share
Tweet
Read Later
Forward

Five Bullet Friday

Week 16: April 19, 2019
Vote now! Komodo's Notary Node Election has officially begun.



The third annual Notary Node Election officially started on April 14th. If you have already voted, thanks for participating and being a part of the Komodo community! 

If you haven't voted yet, here are some helpful links to make voting easy for you. After you've voted, you can confirm that your preferred candidate(s) received your votes on the VOTE2019 block explorer.

You can see the election results by region and in real time here.

Voting comes to end on May 14th but don't wait to cast your vote! The Komodo team strongly encourages all KMD holders to participate in the election.
 

Komodo's Lead Dev jl777 develops a trustless oracle solution!

The Oracle Problem is one of the main issues currently limiting the functionality of smart contracts. In short, the problem is this: how can off-chain data be transferred onto a blockchain in a trustless and decentralized way?

We're proud to announce that Komodo's Lead Dev James 'jl777' Lee has solved the oracle problem. It's yet another barrier to blockchain adoption that Komodo has eliminated.

Learn more about Komodo's new trustless oracle solution in this article.


 

The Limitations of Smart Contract Platforms

Over the last few years, we've all come to learn that smart contract platforms are limited. But how? And why? What exactly makes smart contract platforms so expensive and congested?

In this deep dive article, we dissect the flawed design of smart contract platforms-- both from a technical perspective and from an economic perspective. The single, shared blockchain model is technically limited and cannot provide businesses with the autonomy and scalability they need to successfully adopt blockchain technology.

Komodo's multi-chain architecture offers superior blockchain solutions. With Komodo's technology, every project gets their own blockchain with its own consensus rules, network, and coin. Transaction fees are always paid in each chain's native currency. Plus, each blockchain created with Komodo's technology has the ability to scale on demand and independently host smart contracts, dApps, games, and more.

Learn more about the limitations of smart contract platforms here.


 

Congratulation to RedFOX Labs on a successful IEO!

Komodo would like to congratulate the RedFOX team on their successful fundraise. Both rounds of the IEO hit their hard cap— the first round in under 30 minutes and the second round in roughly 3 hours.

The RedFOX team has been working tirelessly to make their project and their IEO a success so hats off to them! The Komodo team looks forward to collaborating and accelerating the mass adoption of blockchain with RedFOX.

RFOX will be listed for trading on the Coineal exchange on April 23 at 14:00 UTC with two trading pairs: BTC and USDT.


 

Komodore64 prepares for a live-steamed blockchain gaming event!

The talented team at Komodore64 is preparing for a live-streamed demo of a blockchain-based game built with Komodo's technology. Roughly 100 testers around the globe will join the event virtually, participating in live blockchain-based gaming! 

Tune in to the Komodore64 YouTube channel to watch the demo

The stream begins at 18:30 local time (16:30 UTC) on Friday, April 19.


 

BONUS: CoinZark lists KMD for instant swapping!

CoinZark, a third-party instant swap service, has listed KMD. You can visit the CoinZark website here.


 

Tech Tuesday Development Update 

Here's this week's edition of Tech Tuesday. In this update, Komodo team member Mylo writes about decentralized price feeds, possible dPoW integration for XMR-protocol coins, and recent improvements to Komodo's Developer Documentation. 

Read the full update here.

Thanks for reading! If you're not already part of Komodo's community on Discord, join now to chat with team members, developers, and other KMD supporters.

Have a wonderful weekend!
 
GitHub
Facebook
Medium
Reddit
Twitter
YouTube
Email
Website
Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.