Synthetic hegemonic... stablecoin?

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August 23, 2019 DOLLAR’S REPLACEMENT? Bank of England governor Mark Carney said a central bank-supported digital currency could replace the dollar as the global hedge currency. Speaking at the Economic Policy Symposium in Jackson Hole, Wyoming, on Friday Carney discussed the need for a new international monetary and financial system (IMFS), noting that while the U.S. dollar has played a dominant role in the world order over the past century, recent developments such as increased globalization and trade disputes may have stronger impacts on national economies at the present moment than they would have in the past. Full story WINTER WARMER: Hotmine CEO Oles Slobodenyuk couldn’t have picked a better place to pitch his new product: chilly Irkutsk in Eastern Siberia. At an event there this month, Slobodenyuk said his firm aspires to sell up to 200,000 of its bitcoin mining rigs that double as a home heating appliance to residents of the city. But the Ukraine-based company’s ultimate ambitions are far greater. “Our goal is to reach the point where 80 percent of all mining is done with the smart use of the hot air it’s producing, at the same time protecting the bitcoin network,” Slobodenyuk told CoinDesk. Full story BARGAIN BITCOIN: Problems with Amazon’s cloud service, AWS, have disrupted services at some cryptocurrency exchanges on Friday. Binance saw problems internationally, according to its CEO Changpeng “CZ” Zhao. KuCoin also reported problems. The disruption to the crypto markets may have also brought traders some bargain purchases, with some exchanges indicating that bitcoin had been sold at sub-$1 rates, instead of the global average of over $10,000. Full story  LIBRA EXITS? Several backers of Facebook Libra are said to be considering backing out of the crypto project. According to a report from the Financial Times, three of Libra Association members (which were not named) expressed concerns over being seen to be linked to Libra after watchdogs around the world raised concerns over its potential threat to financial stability. Facebook should have addressed the regulatory issues before announcing the project, one firm reportedly said. Full story SATOSHI CLAIM: Craig Wright, the Australian entrepreneur who controversially says he’s bitcoin’s anonymous inventor Satoshi Nakamoto, has made another attempt to cement that claim in the public domain. On Thursday, Wright posted the bitcoin white paper on scientific journal hosting site SSRN, citing himself as the author on Aug. 21, 2008. The self-certified posting of Satoshi’s white paper on the SSRN is unlikely to give his claim to have invented bitcoin any more validity. Full story GOING DOWN? Bitcoin's bounce from $9,755 to $10,255 seen in the last 24 hours lacked volume support and could be short-lived. Bearish developments on the three-day chart also favor a fall back to $9,755. Selling pressure would weaken if prices rise above the weekly high of $10,956. Full story TERRITORIAL TAGGING: A legal spat is currently ongoing between two firms that used the words “blockchain” and “capital” to title their business entities. Yes, there are two Blockchain Capitals, and the one in the U.S. is suing the one in the U.K. for trademark infringement, according to a Forbes piece. They may struggle to win though, the article suggests, as trademarks are territorial. Further, there may be issues over the generic terms used in the name. WHO WON #CRYPTOTWITTER 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

Static HTML Wallets, AtomicDEX progress, and a Crypto 101 podcast interview

Komodo Newsletter August 16, 2019 UPDATES  &  DEVELOPMENTS -- The Komodo Dev Team is still working on nSPV technology and perfecting static HTML wallets. Once finalized, this will be a huge step forward for the entire blockchain industry. It will also allow AtomicDEX to easily scale to millions of users, as marketing making nodes will be able to run superlight nSPV clients for all of the blockchains they want to provide liquidity for.  -- AtomicDEX is still moving forward. Testing and development is on-going and the Komodo Dev Team is preparing to progress the AtomicDEX from its current closed beta phase to an open public beta stage, in which anyone will be able to download and start testing AtomicDEX without registering or receiving an invitation. -- The Komodo team is also working on a GUI for software that will allow traders to easily become market makers on AtomicDEX. Market makers pay no fees (except ordinary transaction fees charged by each blockchain) and they can take advantage of the liquidity multiplier feature to place numerous buy orders with the same funds. Once a single trade order is accepted by a peer, all other trade offers are automatically cancelled. This marketmaking software will ensure that AtomicDEX has ample liquidity as the app scales up. -- Komodo CSO Steve Lee sat down with Bryce and Pizzamind from the Crypto 101 podcast for a lengthy interview about how Steve found his way into the blockchain industry, the origins and vision of Komodo, and what makes Komodo a different breed of platform compared to other projects in the space. Check out the Crypto 101 podcast with Komodo CSO Steve Lee here. A WORD FROM THE C-SUITE "When I first joined Komodo, we had a very limited website, there was no messaging, limited documentation. The major motivating factors behind doing a rebrand is not just from a marketing angle. People get confused because you see, a lot of times in this industry, where a rebrand means, hey, this is a good time for me to invest, this is a good time to go in and see some price action. For us, it was a totally different motivating factor. For us, it was, at that time, people had an understanding of Komodo as a privacy coin, which we no longer were. And the other issue was that we never really had a real marketing organization. So, the rebrand itself, I don't want people to misunderstand and think that this is only a new logo, some new graphics, and a new visual identity. It's much more than that."   -- Komodo CSO Steve Lee Listen to the full Crypto 101 podcast with Komodo CSO Steve Lee here.     KOMODO ECOSYSTEM UPDATES On August 22, Utrum officially launched the Utrum Platform application.  "Utrum is a one stop center for your crypto research based on unique community consensus." -- Utrum Official Twitter Account Check out the Utrum Platform app here.  Chainzilla recently partnered with Pundi X. "Recently, Pundi X integrated its module into the Verifone X990. This is an important development because this payment processor is compatible with both cryptocurrency and traditional payments. ... That means that a seller can process crypto payments alongside other Visa and Mastercard payments, it's all in one device.”   --  Chainzilla CEO Charles Gonzales Read the full announcement on CoinTelegraph here and follow Chainzilla on Twitter to learn more. RedFOX Labs continues to work towards major partnerships. "So how [RedFOX Labs] works is that we come up with a concept, we find a locally-based team, we then give 20% of the equity to that particular team, give the the idea, give them the tech, help them go to market, and then we retract ourselves after 200 days."  -- RedFOX Labs CEO Ben Fairbank Read the full blog post on the RedFOX Labs site and check out the interview with Crypto Rich and Ben Fairbank here. The HUSH Coin team is holding a Counter-Strike: Global Offensive tournament. "This is the First HUSH CSGO CUP 2019. (Max 16 Teams) 1st Place: 2.000 Hush + 27.777 KMD.  2st Place: 1.000 Hush + 17.777 KMD.  3rd Place: 750 Hush + 7.777 KMD."  -- HUSH Coin Announcement Learn more about the HUSH CSGO tournament here. HAVE A GREAT WEEKEND! That's all for this week. Thanks for reading and have a wonderful weekend. If you're not already signed up for the AtomicDEX beta, go ahead and register now by clicking the button below. You'll have to enter the email address associated with your Google Play or Apple App Store account, depending on which type of phone you use. Sign up now to start making atomic swaps!   SIGN UP FOR ATOMICDEX BETA TEST

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BitPay rejects donation / AWS' outage affects crypto platforms / Judge confiscates crypto

Inside Bitcoin presented by Airbnb.

Presented by Subscribe | View in browser Happy Friday everyone! I hope you're all doing well and looking forward to the weekend. The week has flown by, hasn't it? I just wanted to add a note to today's Inside Bitcoin newsletter to update you on my Top 100 Bitcoin Twitter list, which you can find here. Here are some of the people I've added this week: Jihan Wu, co-founder of Bitmain, a Bitcoin mining company, Matt Odell, a Bitcoin investor and entrepreneur, Arianna Simpson, early crypto investor and CEO and founder of investment fund Autonomous Partners, and Tyler Winklevoss, co-founder of the Gemini exchange. Let me know of any others that you think should be added as I'm always open to hearing about new people in the space. Also, is there anything that you'd like to see more/less of with the Inside Bitcoin newsletter? I'm happy to take any suggestions that will help to grow audience numbers and to keep frequent readers interested.       Market Watch: The market remains in the green during early trading Friday. Once again Bitcoin remains stuck within the $10,000 mark. Will prices change much over the weekend? Lesser-known altcoin such as RChain Token, however, is enjoying a surge of over 200% in value over a 24-hour period. Bitcoin: $10,196 (⬆️ 1.01%) // $182.4 billion market cap. Ethereum: $191 (⬆️ 1.57%) // $20.5 billion market cap. XRP: $0.272 (⬆️ 0.76%) // $11.6 billion market cap. Bitcoin Cash: $310 (⬆️ 2.23%) // $5.5 billion market cap. Top 100 Winner: RChain: $0.188 (⬆️ 219%) // $70 million market cap. Top 100 Loser: RIF Token: $0.147 (⬇️ 7.42%) // $70 million market cap. Prices are as of 10:05 a.m. EDT.       1. A would-be donor to the Amazon wildfires has seen their $100,000 donation rejected by crypto payments processor BitPay. The unknown donor tried to send the payment to Amazon Watch, a charity that is working at supporting the Amazon's ecology and its people. However, the payment failed to pass BitPay as it was too high, according to a tweet by Amazon Watch. The organization reached out to BitPay to help resolve the problem. The payments platform said that it would "escalate the issue to see if the donor can be contacted," and that Amazon Watch should upgrade their approved volume to accept funds higher than $100,000. The number of wildfires in Brazil, which environmentalists claim have been started by cattle rancher and loggers, are, reportedly, 80 percent higher than last year. –COINTELEGRAPH       2. Amazon Web Services (AWS) is, reportedly, disrupting services at cryptocurrency platforms. Binance and KuCoin are just a few of the exchanges that have reported issues. Binance CEO Changpeng "CZ" Zhao tweeted that Amazon's cloud service was causing "500 error messages on APIs" while the withdrawal process was affecting users globally. He added that they are working with the cloud provider to solve the problem. One Twitter user questioned why they were using AWS, to which Zhao replied that they use different cloud service provides "for different purposes." KuCoin posted a message stating that "overheating of part of our chassis" in AWS, Tokyo, meant that some of its services might become unavailable. –COIN DESK       A MESSAGE FROM AIRBNB Earn money by sharing your space. Millions of travelers stayed in an Airbnb last year. Turn your extra space into extra money. Learn More 3. Follow Friday: Didi Taihuttu In October 2017, Taihuttu and his wife Romaine, along with their three girls, Joli, Juna and Jessa, known as The Bitcoin Family, sold everything they owed all for Bitcoin. They then moved to a campsite in the Netherlands. Their venture couldn't have been better timed. The crypto market was going through a boom and Bitcoin was steadily creeping toward its all-time high of $20,000, which it achieved in mid-December. Since 2017, it has been a continual adventure for the family of five who, to this day, use crypto as a means of living and traveling. I interviewed Didi at the beginning of the year and he said that they had visited 40 countries, exploring the acceptance of crypto at them all. He also mentioned that they didn't sell everything to become crypto millionaires, but to change their way of life and that of their children, and to support the "crypto revolution." While the market hasn't been anything like it was in 2017, the family are still believers in where the crypto industry is heading. At the time of my interview with him, he indicated that Bitcoin may hit "$40,000, $100,000, and even $200,000" in the next five years. With just over 8,400 followers on Twitter, Didi regularly posts tweets. Some of his most recent include holding a poll as to whether Craig Wright is the real Satoshi Nakamoto? and where the family currently are on their travels, which may be in Turkey. Aside from investing and using crypto to fund their lifestyle, they also speak at conferences and have written a book, currently available in Dutch.       4. At least three founding members of the Libra Association are considering distancing themselves from Facebook's Libra stablecoin amid increased regulatory scrutiny. Two have, reportedly, held discussions to determine what the "right next steps" should be. A third is concerned that support for the proposed coin will attract unwanted attention to its own business. The Libra Association, which is the governing body for Libra, currently has 28 founding members such as Mastercard, Visa, and Uber, all of which have signed a non-binding agreement to support the project. The Winklevoss twins indicated earlier this week that they would be open to joining the Libra Association claiming that the coin is a positive step for the market. –FINANCIAL TIMES       A MESSAGE FROM MANAGED BY Q Your Guide to Writing a Strong, Clear Resume First impressions are important—especially when it comes to your resume. Use this guide for best practices, inspiration, and strategic tips on how to showcase your professional experience so you can get the job you want or the raise you deserve.  Download the Resume Writing and Formatting Guide 5. A 27-year-old man from London has had Bitcoin worth around $1.1 million confiscated to compensate victims. Grant West was arrested in 2017 for his involvement in what has been called a "one-man cybercrime wave." He's reported to have had financial information of over 100,000 people on his laptop, which was being sold on the dark web. However, compensating the victims hasn't been easy due to changing Bitcoin prices. If West fails to comply with the order he faces an additional four years in jail. He was sentenced last May to 10 years and eight months in prison. –THE GUARDIAN       6. Zakk Lakin, a 24-year-old software developer at U.K.-based cryptocurrency firm CoinCorner, has said that his lifestyle hasn't changed much after deciding to take his entire salary in Bitcoin. In an interview, Lakin states that it's easier to buy things with crypto than people think. For permanent outgoings like rent or direct debits, he converts the amount needed into pounds the day he gets paid to avoid any problems with price movements. He believes this is the way forward and that over time he'll use fiat less as more places start accepting crypto. –MIRROR       7. A1, considered one of the biggest mobile providers in Austria, is to accept crypto payments at certain store locations. According to Austrian news technology site Futurezone, the company is testing crypto payments in Ethereum, XRP, Litecoin, Dash, and Stellar. Speaking about the trial, Markus Schreiber, head of A1's business marketing, said that "cash is a discontinued model." Seven locations have been picked for the pilot program: Vienna Kärntnerstraße, ViennaMitte The Mall, Krems Bühl Center, Graz Herrengasse, Innsbruck Kaufhaus Tyrol, Salzburg Europark, and Linz Landstraße. –FUTUREZONE       8. In a Q&A, Evan Kuhn, the co-founder of Toronto-based cryptocurrency exchange Coinberry, has indicated that using Bitcoin to pay for taxes in Canada is more efficient than through bank cards. Kuhn was answering a question relating to the use of Bitcoin for property tax payments. In response, he said that when homeowners use their service, the company converts funds into Canadian dollars, which are then paid to the town. He added that it costs the town less in processing fees. Compared to a three percent credit card fee, Coinberry only charges 0.5 percent, Kuhn said. –MANSION GLOBAL       9. Three University of California campuses have launched a new blockchain accelerator initiative in partnership with MouseBelt, a blockchain development and investment firm. The campuses UCLA, UC Santa Barbara, and UC Davis are hoping that it will provide students with the skills to undertake careers in the industry upon graduation. –DECRYPT       10. Two Indian-Canadian nationals have been charged in a Bitcoin fraud case involving over $200,000. Karanjit Singh Khatkar, 23, and Jagroop Singh Khatkar, 24, are reported to have used Twitter to trick a woman from Oregon into transferring around $233,220 into their account. The two used a fake Twitter name, @HitBTCAssist, to give the impression that the victim was talking with a customer representative at Hong Kong-based online platform, HitBTC. Last July, Karanjit was arrested in Las Vegas; however, Jagroop remains at large. –NDTV       This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).       Ad Earn money by sharing your space. List your place now.

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