P̶l̶a̶s̶m̶a̶C̶h̶a̶i̶n̶ (Loom Update #51)

Hey friend. What's shakin', bacon? — You ready to decompress this weekend?  If you missed it, I spent about 8 days in the middle of an inhabitable desert for Burning Man recently.  It was my first burning man... and I gotta say: even though I can't really understand why, the whole experience was pretty damn magical  I might have a new yearly addiction on my hands here 🤫 Here's a quick picture while I was waiting for an elaborate performance to start in the middle of the playa:  Anyway... Loom Network has been up to a lot of cool stuff as well. Speaking of which, let's get to some updates, shall we?   First up...   1. We are changing the name of P̶l̶a̶s̶m̶a̶C̶h̶a̶i̶n̶ to BaseChain As you might already know — over the last 2 years, we have managed to build EXACTLY what we've wanted with PlasmaChain, with major benefits to developers like: 1–3 second confirmation times Having no gas fees for your users Being immune to mainnet transaction congestion ​Being fully compatible with MetaMask and other major Ethereum wallets ...and now, it is time to supercharge this bad boy with some major upgrades. The thing is... to reflect all of the new upcoming changes, we are also going to change the name of P̶l̶a̶s̶m̶a̶C̶h̶a̶i̶n̶ to BaseChain, so it'll be a much more accurate descriptor as we move forward.  If you are a developer, this should be exciting news.  With that said... If you are curious about all the new changes, you should... 👉 Read about why we are changing the name of P̶l̶a̶s̶m̶a̶C̶h̶a̶i̶n̶ to BaseChain Oh, by the way...   2. LOOM is now available on Gemini Custody If you missed it — Gemi just released Gemini Custody, a custodian for your tokens. They support about 18 different cryptocurrencies etc... and the LOOM Token is among them. If you are curious about the Gemini announcement, you should... 👉 Take a look at the Gemini Custody announcement In other news... • If you are a developer, here's a video tutorial on how to create and deploy contracts on Loom Testnet. • Loom was listed again in the Top 10 for ERC-20 Dapps that have the most developer activity — by Santiment That's what's sizzling around this here kitchen 😉 If you want to discuss any of the latest updates — stop by our subreddit @ /r/LoomNetwork.  Until next time... Your friend, —Dilanka P.S — If you are interested in Artificial Intelligence, go watch Nick Bostrom on Joe Rogan's podcast. It's super fun. His book Superintelligence is also quite good — I also just watched Wu Tang Clan's documentary Of Mics and Men, It's excellent.  Don't want to receive anymore updates from Loom Network? Unsubscribe. Our address: 26/-47 12A Floor Orakarn Building,, 46 Chit Lom Alley, Khwaeng Lumphini,, Bangkok, Thailand, 10330

Santander settles bond with ETH tokens / Coinbase's IEO platform / BTC for Cash

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Presented by Subscribe | View in browser Hello Bitcoiners! Welcome back to another issue of Inside Bitcoin. There's some big news in crypto today, including a major international bank completing a bond issuance on Ethereum, some awesome news from Coinbase, and where you can buy $10,000 in cold hard cash for a measly $800 BTC. Just a reminder, our Bitcoiner list is growing on Twitter. Today's follow is straight off that list. Be sure to check it out for others. See you next week! -- Allen, guest editor       Market Watch: The top cryptos are down today after rising for a couple. The outlier is XRP, which is slightly up after a dip. Dash bounced after recent news (read below). And something happened to Electroneum, which shot like a rocket, up 5.36%, making it the fourth biggest riser this morning. Bitcoin: $10,323 (⬇️ 0.03%) // $185.1 billion market cap. Ethereum: $178.77 (⬇️ 0.71%) // $19.25 billion market cap. XRP: $0.256 (⬆️ 0.68%) // $11.02 billion market cap. Bitcoin Cash: $297.54 (⬇️ 0.99%) // $5.35 billion market cap. Top 100 Winner: ReddCoin: $0.001 (⬆️ 9.81%) // $41.3 million market cap. Top 100 Loser: Metaverse ETP: $0.73 (⬇️ 12.55%) // $56.4 million market cap. Prices are as of 12:53 p.m. EDT.       1. Spanish bank Santander settled both sides of a $20 million bond with ERC-20 tokens. The bank had been criticized on Reddit for being "anti-crypto," and blocking deposits from cryptocurrency exchange Coinbase. It appears that legacy institutions adopting cryptocurrencies for financial transactions is growing. In August, the World Bank issued $33.8 million in bonds on Ethereum, managed by the Commonwealth Bank of Australia. In April, Société Générale SFH, third-largest bank in France, issued over $100 million in Ethereum bonds. More recently, as in last week, PwC Luxembourg said it will begin accepting Bitcoin in October. Goldman Sachs has owned a stake in a crypto trading desk since 2015. -- ETHEREUM WORLD NEWS This story first appeared in Inside CFO.       2. Coinbase is expected to launch an initial exchange offering (IEO) platform within the year, according to Coinbase UK CEO Zeeshan Feroz. Feroz made the reveal while speaking at an event in London two days ago and believes the platform will meet all SEC requirements upon launch. The day before, TechCrunch reported that Coinbase has launched the USDC Boostrap Fund, which will focus on decentralized finance projects. In other news, Coinbase is offering Dash to institutional traders for buy, sell, and trade starting next week, and the company is settling a $1 million fraud dispute involving an alleged email phishing attack. -- CRYPTO BRIEFING       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 - @ljxie Linda Xie is co-founder of @ScalarCapital, a previous product manager at Coinbase, and an advisor to 0x. Her tweets are insightful in a number of ways. Her pinned tweet is a blog post she wrote on challenges related to decentralized identity and reputation in crypto. She also prolifically shares insightful tweets from others. Some of her retweets include: What You Should Know Before Putting Half a Million DAI in Compound Where futures meets crypto What would happen to the bitcoin network if the internet went down? Xie is a mentor and mentee at She(256), a mentorship program for women in crypto. She's also intensely interested in cryptography and recently bragged about reading "Crypto" by Steven Levy. You can find her at Twitter LinkedIn LindaXie.com Scalar Capital Crunchbase She was listed by Forbes on the 2019 30 Under 30 list.       4. A new trend in cybercrime has buyers of Bitcoin receiving $10,000 in cash for a mere $800 in BTC, according to Black Market Report. Armor, a cloud-based security-as-a-service provider, conducted research through its Threat Resistance Unit (TRU) with compiled data from 12 dark markets and criminal forums between February and June 2019. The scheme is based on a seller offering bundles of cash in a variety of amounts in exchange for a pre-paid fee in BTC, TRU says. The buyer chooses how they want to receive their cash. -- FORBES       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. Reader Moti Tabulo responded to our recent two-part interview with DApps expert and developer Eric Elliott. Which blockchain do you think will win the DApp development battle? - Unless ETH can get its act together wrt scaling, I think it will end up focused on DApps that require a high degree of decentralization at the expense of speed and usability. DeFI applications would be a perfect fit. - Leaving the space wide open for other chains to take on those use cases where speed, usability, and cost of network operations are of equal importance as decentralization, I think EOS is a strong contender for those DApps. What problems would you like to see solved in DApp development? - Security of DApps is still a major issue. As a dev, I'm worried that a DApp I deploy can have a major bug draining it of tokens. I don't think any team has cracked it yet, although, for ETH, MythX is making great progress.       6. Circle CEO Jeremy Allaire believes the People's Bank of China (PBoC) Central Bank Digital Currency (CDBC) could lead to global use of the yuan as currency. PBoC said last month its digital currency was nearly ready after five years of development. The banks plans to roll out its digital currency involves two tiers that would allow PBoC and commercial banks to issue coin. Allaire believes the underpinning motivation is to encourage more widespread use of the yuan internationally to curb U.S. dollar dominance. Approximately 58 percent of foreign exchange reserves globally are in USD, according to the International Monetary Fund. -- CNBC If Allaire's assertion is true, what would that do for the U.S.-China trade war? Email me at allen.taylor@inside.com and let me know.       7. Ethereum Classic (ETC) has successfully completed the Atlantis hard fork. The hard fork was intended to improve blockchain security and to make compatibility between ETC and Ethereum easier for collaborative purposes. A recent interview on Hacker Noon with ETC Cooperative Executive Director Bob Summerhill had Summerhill saying a reunion is possible, or at least a big group hug. Last month, Binance entered the crypto lending space with ETC opportunities, but no mention of Ethereum. The Ethereum community is anxiously awaiting ETH 2.0, but recent ETC upgrades have some fans hoping the spin-off will assume dominance. -- COIN TELEGRAPH Do you think ETC can overtake Ethereum or does Ethereum have too much of a lead? Email me at allen.taylor@inside.com and let me know.       8. A new report indicates the blockchain devices market is expected to grow to $1.2 billion by 2024. It's currently at $218 million. Growth drivers include blockchain technology making inroads into retail and supply chain management and venture capital funding. Popular blockchain devices today include Ledger wallet, HTC blockchain phone, and Filament. One area of blockchain technology to grow is wireless connectivity. That includes smartphones, hardware wallet, and PoS devices. The largest market for blockchain devices is North America. -- MARKETS AND MARKETS       9. ZenGo wallet creator researched Google search queries on QR codes and found that four out of five results lead to scam sites. The research was prompted by a Reddit post warning about a specific incident related to a QR code and a fake BTC address. In ZenGo's research, it requested a QR code for a specific crypto address and received a QR code for another address. The fake addresses are being produced by a blockchain explorer API. ZenGo goes on to alert readers of other scams popular in crypto.  -- ZENGO       10. Overheard on Twitter: Automated Finance will be much bigger and more important than Decentralized Finance. Every financial service will be automated in the future, but they all won't be decentralized. @APompliano       Inside Bitcoin is written and curated by award-winning journalist and former newspaper editor Allen Taylor. Recognized by the Dallas Bar Association three times for excellence in legal reporting, Allen has since gone on to author, edit, or ghostwrite several white papers, books and e-books, and over 10,000 blog posts for clients ranging from small business owners to global management companies and corporate executives. Learn more about him on LinkedIn. 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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