Centrality Monthly Update

Monthly Update

It's been another stellar month with local media and broadcasters covering us in print and radio, sharing our vision across their audiences in addition to continuous development on our network.

We featured in this months edition of the M2 Magazine, with a seven page spread on Centrality from my recent keynote at the M2 Success Summit. Check out Part 1 and Part 2 from our blog to read the full spread.

General Managers Jerome Faury and Andy Higgs appeared on the local podcast, NZ Every Day Investor, in the three part series.

Andy covered the basics of blockchain and how our #8 way of thinking and innovating is expressing itself in in the web 3.0 digital realm. You can listen to Andy's podcast here.

In Jerome's two part series he talks about data being the new oil, and the concerns that data is being controlled by only a handful of companies. Listen to part one of Jerome's podcast here and part two here.

As part of Habenero phase of our roadmap we're upgrading to substrate to 2.0 in line with PL^G. However, we're not only upgrading our blockchain technology, but upgrading our SDKs and the existing applications within our ecosystem.

In addition to this,the core technology team are working on technical due diligence as part of a large partnership, which we will announce once finalised.

And finally Curtin University announced their cryptocurrency scholarship fund in partnership with us. This is the first of its kind and an exciting step in the adoption of blockchain and its currencies into mainstream usage. Check out the full blog article here.

Find out whats been happening with our ecosystem partners:

PL^G

PL^G is upgrading to Substrate 2.0, in line with the Polkadot network. This means we're on par with Polkadot's technology and we can take advantage of the benefits that their ecosystem brings in. This also gives us greater exposure to their existing community.

TrackBack

We're live! Our consortium blockchain has been set up and we are actively on boarding new members. Our first customer successfully wrote data for 35,000 products to our chain enabling them to prove the origin of their product using Centrality's Doughnut protocol.

Sylo

Team Sylo have had their heads down working hard, as they've continued to push the Beta out to more users, gather feedback and integrate this feedback into the DApp.

Key DApp updates include: bug fixes and optimisations and new features such as a new contact invite flow, new wallet features and new user onboarding, PLUS a brand new, first friend for you on Sylo… Dubbed 'Oliver', he'll be introduced in an upcoming release and will take you step-by-step through exactly how you can get the most out of the Sylo wallet, including shouting you some test tokens to start playing with to get familiar and comfortable!

In the meantime, if you want to learn more about what makes the Sylo wallet unique, check out this great post from the team.

The Sylo DApp is now rapidly approaching their Beta TestFlight user limits, so they've made the call to move off TestFlight and fully publish on the app stores in the coming weeks. Once they've made that transition, it will be 'hammer down', and time to really start pushing the benefits Sylo offers to the world at large. Keep an eye on their blog and community channels for specific updates regarding this.

Accelerator Teams

Yabble

Yabble were recently recognised at the 2019 Research Association NZ Conference, winning the David O'Neill Award for Innovation for their whitepaper: The Rise of Consumer Owned Data: Blockchain Technology — the new frontier of data trading. The conference focused on the relentlessly changing landscape of the world we work and live in.

To stay up-to-date on the progress of our technology, follow us on Twitter, Telegram, Slack, LinkedIn, Facebook and Instagram.

#163: The future of regulating blockchains is … using a blockchain?

If you can't beat 'em, join 'em. 

Chain Letter Blockchains, cryptocurrencies, and why they matter If you can’t beat ‘em, join ‘em. 09.19.19 Welcome to Chain Letter! Great to have you. Here’s what’s new in the world of blockchains and cryptocurrencies. Supervise this: Regulators around the world are puzzling over how best to regulate blockchain networks. Perhaps part of the solution is to participate in them. That’s the gist of a new working paper from the Bank of International Settlements, the so-called central bank for central banks.  Conventionally, financial institutions must collect, verify, and deliver certain information about their transactions to government authorities in order to comply with regulations designed to combat money laundering and fraud. In future blockchain-based markets, however, it should be possible for regulators to automatically collect that data directly from the shared ledger, argues  Raphael Auer, the new paper’s author and a principal economist at the BIS.  The “starting premise” of his argument, writes Auer, is that “one needs to look beyond Bitcoin and other ‘permissionless’ cryptocurrencies or crypto-assets and instead focus on a ‘permissioned’ version of the technology.” The most important distinction here is that permissionless systems allow anyone with the right hardware and an internet connection to participate in the system, pseudonymously. Permissioned systems require that these validators be identified and vetted. A permissioned system, Auer contends, would give participants something to fall back on in case they are unable to achieve a consensus automatically using the blockchain’s software. Large bank-to-bank money transfers (called “wholesale” payments), comprise the vast majority of payments globally. Auer says distributed ledger technology has near-term potential to make them cheaper and more efficient by automating many of the processes. Meanwhile, policymakers could take advantage of the technology as well, he argues. Regulators could run the network’s software and use blockchain-based programs (smart contracts) to automatically collect relevant information. First, though, the system must be set up so that regulators can trust the data, says Auer. That is, the economic incentives must be designed so that it is in the individual validators’ best economic interest to verify new transactions, not accept bribes to manipulate the transaction record in fraudulent ways. That will be far from straightforward. Most financial regulators around the world probably don’t have the required level of technical sophistication to make that work yet. But Auer’s argument may help shift the conversation from one that has mostly been focused on how regulators will apply traditional approaches to new blockchain-based markets, to one in which regulators can use blockchain technology to their advantage. France and Germany have formed a united front against Libra. In a joint statement issued late last week after a meeting of eurozone finance ministers, France and Germany said that Facebook’s plan for Libra “fails to convince” them that risks related to security, investor protection, money laundering and terrorist financing, and “monetary sovereignty” will be adequately dealt with. “We believe that no private entity can claim monetary power, which is inherent to the sovereignty of nations,” the statement reads. Facebook’s bold plan to issue global digital currency next year has been met with significant skepticism and resistance from policymakers in the US, including the president. Facebook has responded by bolstering its lobbying forces in Washington, DC. This joint statement suggests that the political challenges Libra faces in Europe could be more serious. It concludes: “We encourage European central banks to accelerate work on issues around possible public digital currency solutions.” What is this referring to? Apparently, the European Central Bank has been quietly working on its own digital currency project. And now Facebook seems to have inspired the bank to pick up the pace. At a news conference after the meeting of finance ministers, ECB board member Benoit Coeure called Libra a “wake-up call.” He said it would fuel efforts to expand access to real-time payment capability in Europe. “We also need to step up our thinking on a central bank digital currency,” Coeure said. What does business look like beyond Moore’s Law? oin us at Future Compute 2019 to learn from experts on the front lines. Purchase your ticket today. Loose change Fill your pockets with these newsy tidbits. The company behind Zcash has developed a new technique that it says opens the door to a much more efficient and secure way of setting up cryptocurrency systems that employ zk-SNARKS, the class of zero-knowledge proofs that Zcash uses that allow anonymous transactions. (CoinDesk) The South Korean branch of the popular crypto exchange OKEx is delisting all five “privacy coins” it has been supporting, including Zcash, saying these coins violate new global anti-money laundering rules. (The Block) Deutsche Bank has joined JPMorgan’s permissioned blockchain network, called the Interbank Information Network. (Financial Times) Cubans are turning to cryptocurrency as a method of payment, in order to get around US-imposed economic sanctions. (Reuters) A professional basketball player in the US is apparently planning to “tokenize” his multi-million dollar contract and sell shares to investors, sort of like an ICO. (Decrypt) Hedera Hashgraph, whose creators have hyped it as a more efficient, high-speed alternative to blockchains, is now live. (CoinDesk) A North Korean official says the nation is developing its own Bitcoin-like cryptocurrency. (Vice) Security researchers at Cisco have identified a hacking group they say has stolen $90,000 by hijacking computers and mining Monero cryptocurrency. They have named it “Panda.”(The Next Web) The Iranian government may introduce a licensing program for cryptocurrency miners. (CoinDesk) The Money Quote "They give rise to a number of serious risks related to public policy priorities. The bar for regulatory approval will be high." —Benoit Coeure, board member at the European Central Bank, speaking with fellow central bankers about stablecoins. (Reuters) We hope you enjoyed today's tour of what's new in the world of blockchains and cryptocurrencies. Send us some feedback, or follow me @mike_orcutt. Was this newsletter forwarded to you, and you'd like to see more? Sign up for free Get unlimited access to online stories. Subscribe to MIT Technology Review today. View this in a browser You received this newsletter because you subscribed with the email address contacto1745.send-mail@blogger.com Edit email preferences   |   Unsubscribe from all emails Follow us: MIT Technology Review One Main Street Cambridge, MA 02142

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EOS exits

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Sponsored by   September 19, 2019 EOS TROUBLES: The world’s seventh-largest blockchain by market cap, EOS, has had a value topping $3 billion since February. But the project has long been plagued by fears that its structure was too centralized, and now the lion’s share of entities that govern the chain are in China, prompting fears of state intervention. Further, EOS contributors devoted to building decentralized apps (dapps) and development tools for the blockchain are losing clout – and making little or no money from contributing to the ecosystem. One of them even publicly disavowed the blockchain earlier this month, citing the excessive power of the largest EOS token holders. Full story EXTORTION ARREST: U.S. law enforcement has charged Steven Nerayoff, an early supporter of the ethereum project and a former paid advisor to Overstock’s tZero, with extortion. Nerayoff, an attorney and founder of blockchain consulting firm Alchemist, was arrested Wednesday by the FBI and was scheduled to face charges before a federal court in Brooklyn. The FBI also arrested Michael Hlady, an Alchemist associate. The pair face up to 20 years in prison if convicted of the alleged scheme, described by the FBI as “an old-fashioned shakedown” by the Attorney Office’s for the Eastern District of New York and “an age-old extortion scheme … with a modern-day twist.”  Full story TOKEN ACTION: The U.S. Securities and Exchange Commission (SEC) has charged ICOBox and founder Nikolay Evdokimov for violating securities laws with its 2017 token sale and subsequent activity facilitating other initial coin offerings (ICOs). The SEC alleges that Evdokimov raised $14.6 million by selling “ICOS” tokens to more than 2,000 individuals, promising customers that the tokens would increase in value once they began trading. Moreover, token holders were told they could purchase other tokens on the ICOBox platform at a discount using ICOS tokens. Now, “the ICOS tokens are virtually worthless,” the SEC says. Full story BANK GOES CRYPTO: The Swiss branch of one of the top financial institutions in the Middle East is launching a suite of cryptocurrency-based services. Arab Bank (Switzerland) announced on Thursday that it will offer services such as custody and brokerage of bitcoin (BTC) and ether (ETH). The bank – based in the canton of Zug, aka “Crypto Valley” – said the launch is aimed at “existing and younger clients who seek to include digital assets as one asset class in their diversified portfolios." Full story TRADE PLAY: Bank of America has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain technology. The bank said Thursday that, as a long-standing provider of trade and supply chain finance solutions, it is becoming a Marco Polo member firm to offer better services for clients. Founded by startups R3 and TradeIX, Marco Polo is built on R3’s Corda blockchain platform. The network aims to deliver real-time connectivity, greater visibility for trading relationships and lower barriers to accessing capital. Full story SPONSOR SECTION VOLATILITY IS BACK: Bitcoin's recent price squeeze has ended with a sudden drop to 18-day lows near $8,600. Short-term technical indicators are biased bearish, so prices could slide further to levels below $9,500. The bearish case would weaken in the unlikely (at time of writing) case of a high-volume move above key resistance at $10,458. Full story GRAIN CHAIN? The agriculture arm of commodities trading giant Glencore has joined an initiative aiming to use new tech to make grain and oilseed transactions faster and more efficient, Bloomberg reports . The group, which includes Archer-Daniels-Midland, Bunge, Cargill, Louis Dreyfus and Cofco International, is working on a new platform that is likely to use blockchain and AI. The firms hope to launch in Q2 2020, pending regulatory approval. 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

Ripple's big leap / Crypto ignorance = confidence / Why France, Germany don't like Libra

Inside Bitcoin presented by Airbnb.

Presented by Subscribe | View in browser Good afternoon fellow Bitcoiners! Today's issue of Inside Bitcoin has a diversity of offerings I think you'll like, including why nations are getting the jitters about Facebook's Libra. There's also some interesting news about Litecoin, Binance, EOS, and Ripple. Enjoy! And, need I say it? Don't forget our Twitter Bitcoiners list. -- Allen, guest editor       Market Watch: Of the top 10 by market cap, only Stellar is up, and it's the #6 biggest gainer of the day. XRP is back down, the seventh biggest loser, after a rally earlier in the week. Bitcoin: $9,901 (⬇️ 3.09%) // $177.6 billion market cap. Ethereum: $209.80 (⬇️ 2.01%) // $22.6 billion market cap. XRP: $0.29 (⬇️ 7.55%) // $12.5 billion market cap. Bitcoin Cash: $310.50 (⬇️ 5.52%) // $5.59 billion market cap. Top 100 Winner: ABBC Coin: $0.17 (⬆️ 14.25%) // $98.8 million market cap. Top 100 Loser: Cosmos: $3.00 (⬇️ 10.44%) // $571.6 million market cap. Prices are as of 12:25 p.m. EDT.       1. Ripple gained 17.16 percent in 24 hours to jump over $0.30 per coin on Wednesday, although it has retreated slighty so far today. Over the course of three days, Ripple's price increased 22 percent. Speculation about the BITMAX cryptocurrency exchange going live is one suggested reason for the sudden leap. Another suggested reason is a rumor of Ripple partnering with Coinbase. Forbes likened it to a threat of a hard fork, which Inside Bitcoin reported on three days ago. -- CRYPTONEWSZ Why do you think Ripple rallied this week? Email me at allen.taylor@inside.com and let me know.       2. The less people know about crypto the more positive they are about its future, says Dutch bank ING. In a survey of more than 14,000 people, ING showed the people largely misunderstand some basic tenants of cryptocurrency. For example, the study found that 21 percent of people thought the cryptocurrency industry has a controlling body, which is untrue. Another 51 percent said "most" stores accept cryptocurrency payments. The misinformation, though, did not stop those surveyed from having a positive outlook on cryptocurrency, something ING ties to the Dunning-Kruger effect, a cognitive bias known as "illusory superiority" where a person overestimates their lack of competence. -- THE NEXT WEB       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. France and Germany are reportedly afraid Facebook's Libra could threaten their national monetary policies. The two nations have issued a joint statement saying they'll block it and create their own national cryptocurrencies. The Reserve Bank of India has also criticized and rejected cryptocurrencies. In July, President Donald Trump tweeted that he is not a fan of Bitcoin or cryptocurrencies and said they aren't money. The statement was in response to Libra. Computerworld quoted Gartner fellow David Furlonger as saying nations are concerned about the potential implications of Libra on their monetary policies, citing Facebook's clout among consumers. China is the largest nation to actually take action against cryptocurrencies and says it is close to launching a central bank digital currency. -- COMPUTERWORLD       4. EOS, the seventh largest blockchain by market capitalization, is losing ground with its support base because it may be too centralized, says CoinDesk. The majority of entities governing the blockchain are located in China, which hasn't been too friendly to crypto. DApps developers are reporting no income from their efforts and one of them publicly pulled back from plans to be a block producer. Eugene Luzgin of EOS Tribe said he couldn't make money from maintaining the blockchain without EOS whale, people with large holdings of EOS, support. The top 21 block producers are earning income while the next 50 or so earn "meaningful revenue," CoinDesk reports. Many others don't quality for rewards. -- COINDESK       A MESSAGE FROM AUDIBLE Start listening with a 30-day Audible trial and your first audiobook plus two Audible Originals are free. Explore all the ways listening on Audible can help improve mind, body, and soul with entertainment, information, and inspiration. Sign up at audible.com/insidenews for your 30-day Audible free trial.   5. Binance is adding Monero, Zcash, and Dash to its list of cryptocurrencies for lenders. Annualized interest rates will be 3.5 percent with a two-week lending period that begins September 20. Maximum subscriptions for Dash and Monero will be 30,000 coins. For Zcash, it's first-come first-serve. The lending limits are 300 coins per individual for Monero and Dash and 600 coins per individual for Zcash. The crypto exchange is entering phase five of its crypto lending program, which started on August 28. -- CRYPTO ECONOMY       6. Bankless called ETH a reserve asset for money proocols. A reserve asset is an asset held by a financial institution in order to back up the value of other assets. Quoting Vitalik Buterin, a co-founder of Ethereum, he said "It's the only fully trustless asset that can be used as collateral for a lot of decentralized finance applications." In other words, ETH can be used for collateral backing in lending transactions, security deposits, and used to balance transactions on a ledger. He said ETH has an intrinsic utility. One example where ETH is used as a reserve asset is how it backs up DAI, the money protocol for Maker, which uses $316 million of ETH to mint $86 million of DAI, he said. In other words, 1.3 percent of the current ETH supply backs DAI as a reserve asset. While real world assets can be used as a collateral for cryptocurrencies and decentralized finance, what Buterin and Bankless are saying is that ETH is the only trustless asset that can be used that way. -- BANKLESS       7. The Litecoin Foundation selected crypto lender Celsius Network as its preferred crypto wallet. The Foundation will allocate an undisclosed sum to the Network while Litecoin holders can get up to 10.53 percent per annum in returns. They can also take out loans at an APR as low as 4.95 percent. The Litecoin Foundation has also partnered with the Miami Dolphins to be the football club's official cryptocurrency. -- COINDESK       8. Bitcoin's mining difficulty is expected to grow 60 percent this quarter after growing 42 percent per quarter for three years, according to Kevin Rooke. From May until today, the computer power to mine bitcoin has doubled, says Marty's Bent. What this means in non-technical terms is that it is getting harder to mine bitcoin over time. Bitcoin mining difficult is calculated based on how long it takes to discover 2016 blocks compared to the time it took to discover the previous 2016 blocks. If those blocks were found faster than the previous 2016, the mining difficulty is raised. If slower, the difficulty is lowered. -- MARTY'S BENT       9. Raven Protocol is joining the Binance Chain Association. The association is an association of blockchain projects and their founders/CEOs who have migrated successfully to Binance Chain and are now listed on the Binance decentralized exchange. Raven joined that company this morning and boasts of being one of only a few projects that have issued their entire token supply on Binance Chain. -- MEDIUM / RAVEN PROTOCOL       10. Coinbase legal counsel Dorothy DeWitt has been appointed to be the U.S. Commodity Futures Trading Commission's (CFTC) Division of Market Oversight director. She'll be responsible for supervising derivative platforms and evaluating new platform-traded products. -- REUTERS       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. Start listening with a 30-day Audible trial and your first audiobook plus two Audible Originals are free. Visit audible.com/insidenews

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