Friday, May 10, 2019

Congressman Outlaws Crypto / SEC Commissioner / Binance Hack Update / Follow @NLW

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1. Rep. Brad Sherman (D-California) called on his fellow members of Congress to ban cryptocurrency purchases within the United States. Sherman said that cryptocurrency has disempowered foreign policy practices and tax collection enforcement, and weakened the dollar. He added that Hamas has accepted cryptocurrency donations on its website to skirt state-imposed regulations. and that cryptos offer "benefit for those who wish to commit a crime." Many proponents for banning cryptocurrency believe that criminals use cryptocurrency as a way to stay hidden. However, it's worth noting that special counsel Robert Mueller and his team used cryptocurrency transactions during its investigation into the Russian government. -NEWS BTC

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2. SEC Commissioner Hester Price said the SEC must not over-regulate the cryptocurrency industry as it could stifle innovation. She said she was concerned that "the SEC would lead with its enforcement powers, thus allowing anxiety about the risks of new technology to overshadow the opportunities it presents. I worried that hasty regulation would smother the industry in its infancy." Pierce also criticized leaders for not moving forward with a bitcoin ETF. In July 2018 the SEC rejected a Bitcoin Trust ETF proposal by Cameron and Tyler Winklevoss, believing that bitcoin was flawed because of its underlying infrastructure.  -CRYPTO CURRENCY NEWS

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3. Follow Friday: Nathaniel Whittemore tweets at @NLW and has become best known for his Long Read Sundays, where he puts together a compilation of the previous week's best news and happenings in the cryptocurrency and blockchain space. In last week's edition, Whittemore, who works as a crypto and blockchain consultant, went over the missing $850 million from Bitfinex, the proliferation of IEOs, and cryptos influence in Venezuela.

Today at EtherealNY, Whittemore was the keynote speaker on narratives and communication in crypto during NYC Blockchain Week. "Everyone in crypto has a story to tell. How that story is told, and who it is told to is more important than even the tech sometimes," he said. Listen to his Off The Chain podcast episode with Anthony Pompliano where he talks about how crypto and marketing are intertwined. 

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4. Binance CEO Changpeng Zhao published a security incident update for the first time since $40 million was stolen from the exchange. Zhao also apologized for making an off-the-cuff remark during a live AMA where he said Binance was looking into the possibility of conducting a transaction rollback, which angered many in the community. That process goes against the principle of blockchain immutability and the inability to change transactions once they are complete. Zhao noted that Binance will be aiming to improve its risk management process, user behavior analysis, Know Your Customer procedures and anti-phishing tactics. -COIN TELEGRAPH

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As a tech leader, you're used to a day-to-day in flux. You're focused on the big picture—roadmapping, goals, and maintaining your vibrant company culture—time is money, as they say. So let us streamline things. Want the tools to help you achieve your goals and hire talent? Vettery has you covered.

5. Nordea opened up its blockchain-based trading platform to small and medium-sized businesses. -COIN TELEGRAPH

6. More schools like Northwestern, UT-Austin and UCLA are offering blockchain and cryptocurrency classes. -PC MAG

7. NYC has an initiative to diversify the blockchain industry by making sure women and minorities have access. -CRAINS

8. Some users have not been able to withdraw their funds from Bitfinex as $430 million in crypto funds have exited the firm's cold wallets. -CRYPTO SLATE

9. Security firm Metacert CEO, Paul Walsh, believes the Binance security breach may have started with Binance's anti-phishing awareness test. -METACERT

10. Bitcoin market dominance topped 58%, its highest level in 2019. -FX STREET

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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).

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A new crypto ETF

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May 10, 2019
ANOTHER ETF:  Crescent Crypto Asset Management, a passive index fund manager, declared its intent to file for a new crypto exchange-traded fund (ETF) through a subsidiary, and in partnership with NYSE Arca, according to a prospectus filed with the U.S. Securities and Exchange Commission Friday. The ETF, if approved, would give investors exposure to bitcoin and ether, the two top cryptocurrencies by market cap, which make up some 65 percent of the overall market. Full Story

CRYPTO MORTGAGES: Fintech startup fluidity wants to launch ethereum-powered mortgages in California and New York. Fluidity chief architect Todd Lipplatt said the company intends to “tokenize the house,” using smart contracts for back-end management. Fluidity intends to begin offering these mortgages over the summer, once the appropriate licensing paperwork is finalized. Full Story

BLOCKCHAIN CREDIT: Figure Technologies, the new fintech startup founded by former SoFi CEO Mike Cagney, has closed a $1 billion line of credit on a blockchain through investment bank Jefferies and WSFS Financial Corporation. The “uncommitted” deal would be custodied on Figure’s own blockchain platform, Provenance.io. Full Story

FINTECH TASK FORCE: The U.S. House of Representatives – the lower body in Congress - has launched a new task force specifically dedicated to evaluating new financial technologies, including blockchain tools. The FinTech Task Force, part of the House Financial Services Committee, includes notable blockchain proponents like Reps. Warren Davidson, Tom Emmer and Josh Gottheimer, all of whom have sponsored or co-sponsored legislation aimed at increasing adoption of the nascent tech. Full Story

CONGRESSIONAL INTEREST: The U.S. Senate Banking Committee is interested in how Facebook will treat financial and consumer data, and how that ties into its cryptocurrency project. The committee sent an open letter to Mark Zuckerberg asking him how the cryptocurrency, code-named Project Libra, will operate, how Facebook has interacted with regulators and how Facebook is treating individual consumers’ personal information. Full Story​
ALTCOINS RISING:  Bitcoin's ascent continues, with prices hitting six-month highs above $6,300 earlier today – a move that bolstered the already bullish technical setup. Hence, prices look set to rise further toward key resistance at $6,500, albeit after a dip suggested by the short-term charts. Other cryptocurrencies have been lagging bitcoin’s rise, but could soon join the party, as the combined altcoin market cap is flashing a bullish technical pattern. Full Story​
BEST OF THE BEST

GAME GOODS: The advent of crypto collectibles like CryptoKitties is bringing a shift in the possibilities for in-game goods, according to Wired. While currently such digital items are, by and large, stuck in the game and disappear if it the game is deleted, putting them on a blockchain would allow goods to be freely traded on platforms, as well as free developers from the headache of having to manage them. Not only that but the idea would allow digital collectibles to have a more important role than, as in the case of CryptoKitties, just being stuck on a blockchain to be occasionally looked at.

THE REST

HIDDEN BLOCKCHAIN: Larry Sanger, co-founder of Wikipedia and CIO at blockchain platform Everipedia, has said that decentralized apps (dapps) are still too technical and offer poor user experience for most consumers, The Next Web reports. “I don’t think there’s a single dapp that’s reached the potential we expect them to have,” he said at a TNW event. Even the very word “blockchain” is a turn-off for users, Sangers added. As such, Everipedia will be hiding any references to the tech from its interface.

BEER 4 BITCOIN: Rotate, a London bar popular with crypto traders and investors, recently started taking bitcoin payments via the Lightning Network for its liquid offerings. According to Breakermag, the bar is the regular haunt of a gang of 30-40 traders and offering crypto payments was a natural progression. However, while lightning is touted as offering faster payments than using the bitcoin network directly, there were some issues with unexplained delays soon after launch, according to manager Ross McNeil. 
 

WHO WON #CRYPTOTWITTER

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Five Bullet Friday

Week 19: May 10, 2019
Don't forget to vote! This is the last call to cast your ballot.

The deadline for voting is May 13, 2019 at 23:59 UTC. If your votes are not cast by that point in time, you will not be able to participate in this year's Notary Node Election.

The Komodo team strongly encourages everyone to participate in this election. It's your chance to help decide which individuals will serve as a Notary Node operator, a very important role within the Komodo ecosystem.

If you need some guidance on how to vote, here's what you need to do.

First, please view the list of all candidates and their proposals here. Choose your preferred candidate(s).

Next, you're ready to cast your ballot! Here's how:

You're done! If you want, you can check your VOTE transaction on the VOTE2019 block explorer here.

If you have additional questions or need some assistance, please join Komodo's Discord server and ask directly in the #support channel. You may also file a support ticket, if needed.
 

The Komodo team just released a new version of Agama mobile!


 

Here is a list of the changes and new features included in the new version:

  • New Komodo-based blockchain K64 added

  • Hush Coin is switched to the new Hush v3 build with Komodo

  • KMD send coin clock out of sync check

  • Transaction confirmations counter fix

  • Low resolution screen scaling fixes

  • Removed GBX

  • Electrum protocol 1.4 support

  • Add coin KIC/ERC20 toggle

  • Added back TUSD token

 

Download the new version of Agama for Android from Google Play.


Download the new version of Agama in testflight for iOS from Apple App Store.
 

Learn About 6 Projects Using Komodo's Technology In This Article From Crypto Economy


 

This week, Crypto Economy published an overview of 6 different projects building with Komodo's technology: Chips, Pirate, Komodore64, Barterlly, KMD Labs, and KM Dice.


Learn more about these 6 projects in the full article.
 

Komodo CTO Kadan Stadelmann On Why Blockchain Hasn't Yet Taken Over The World


 

Komodo Chief Technology Officer (CTO) published an article as a guest contributor on the official Nasdaq website this week. In the article, Mr. Stadelmann explains why blockchain hasn't yet gone completely mainstream to a general audience who might not be as familiar with blockchain as Komodo's core community. Education is a great step towards bringing the masses into blockchain!


Read the full article on Nasdaq.com here.
 

Komodo CTO Kadan Stadelmann On Why Blockchain Hasn't Yet Taken Over The World


 

Komodo's CTO Kadan Stadelmann also caught up with Elikem Attah at Crypto Insider for an interview about blockchain-based gaming and the outstanding progress of third-party project Komodore64.
 

"Komodo provides flexible, low-level blockchain technology that can be adapted to suit just about any use case. Blockchain-based gaming is really just one of many important avenues for adoption."


Read Mr. Stadelmann's full interview with Crypto Insider here.
 

Komodo Featured In Coin Spotlight From Coinplan.io


 

Coinplan.io, a cryptocurrency investing service that allows users to invest in several diversified crypto funds, published a Coin Spotlight on Komodo this week.

The article provides a great overview of Komodo and some of the technology that Komodo offers.


Read Komodo's full coin spotlight here.
 

Crypto Influencer Blackbeard Interviews Sam From Komodore64



Check out this recently-published interview that crypto influencer Blackbeard did with Sam from Komodore64. They cover all the exciting things going on at Komodore64 and explain why Komodo's technology is perfect for the blockchain gaming use case.
 
8. You decided to use Komodo's Technology, why?

Because it's a swiss army knife; it is secure, scalable, interoperable and adaptable. Also, its community is very supportive and passionate, and the freedom it provides is incomparable with other technologies. What also matters is that Komodo probably the only viable technology that can support competitive gaming; all typical problems that you might endure with others is pretty much solved out of the box.


Read Blackbeard's full interview with Komodore64 here.
 

Read An Interview With Arclegger, A Well-Known Gaming Dev & Co-Founder of the Gaming Division at RedFOX Labs




Blockchain journalist and founder of The Daily Chain Alex Libertas recently published an interview with Arclegger on Hacker Noon. Arclegger, a well-known developer in the gaming industry, has recently moved into blockchain-based gaming and joined the team at RedFOX Labs

RedFOX Labs is assisting with development at Komodore64, the blockchain gaming project building with Komodo's technology.

Read the full interview with Arclegger on Hacker Noon here.
 

Weekly Tech Tuesday Update 


 

Komodo is a permissionless multi-chain platform. However, with the application layer of all blockchains built with Komodo's technology, which Custom Consensus modules enable, a developer team can create a permissioned blockchain solution.


Read this week's Tech Tuesday update in full here.
 
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