Monday, October 28, 2019

Bakkt's back

To view this email as a web page, go here.
Sponsored by
 
October 28, 2019
STARBUCKS CONFIRMED: Bakkt plans to launch a consumer app for retail shopping using cryptocurrencies. Chief product officer Mike Blandina hinted that the app might support more than just bitcoin, which is currently the only digital asset Bakkt and its parent company Intercontinental Exchange provide futures contracts for. Notably, Starbucks will be Bakkt’s first launch partner when the app goes live sometime in the first half of 2020. Full story

BLOCKCHAIN RAMIFICATIONS? China passed a cryptography law on Saturday to tackle emerging regulatory and legal challenges in commercial cryptography, as the country pushes to be more competitive in the blockchain space. Effective starting January 1, 2020, the draft legislation was published ahead of the launch of the nation's digital currency. Full story

BLOCKCHAIN 500: More than 500 blockchain projects have been registered with the Chinese government since March, according to data published by the Cyberspace Administration of China. The filings reveal some of the largest Chinese banks and tech companies are working with the technology. Further, several government offices, including courts and tax bureaus, are testing blockchain platforms to execute administrative tasks. Full story

CHINA CALL: The head of the technology department at the People’s Bank of China has called for commercial banks to adopt blockchain technology in digital finance. As reported by Reuters, bank official Li Wei spoke Monday at a forum in Shanghai on commercial bank adoption. The central bank is already currently developing its own digital yuan that is expected to launch soon to counter the potential launch of the Facebook-led Libra. Full story

CRYPTO CHARGES: Oz Yosef, principal of payment processor Crypto Capital, has been indicted by the U.S. Attorney’s Office of the Southern District of New York on Wednesday. According to court documents, Yosef was charged with conspiracy to commit bank fraud, bank fraud and conspiracy to operate an unlicensed money transmitting business. Following criminal investigations by multiple international bodies, including U.S. authorities, this spring, Crypto Capital’s funds were frozen – of which $880 million belonged to crypto exchange Bitfinex. Full story
SPONSOR SECTION


Building on the strong growth of CME Bitcoin futures (BTC) and demand for ways to manage bitcoin exposure, CME Group will launch options on BTC in Q1 2020 (pending regulatory approval). The contract will track the CME CF Bitcoin Reference Rate and settle into BTC, which averages nearly 7K contracts a day.

​​​​​​​--> Explore BTC options
STILL BEARISH: Despite a 16 percent climb, bitcoin remains trapped in a four-month-long bear trend. The cryptocurrency now risks falling to the former resistance-turned-support of $8,800, as the intraday charts are now reporting signs of buyer exhaustion. A sustained move above $9,700 is needed to confirm an end of the interim bear trend and a resumption of the rally from the low near $4,000 seen in the beginning of April. Full story
GROWING PAINS: Finding the technology immature or hard to sell, a number of founders that started blockchain businesses are now shying away from the technology, reports Wired . Natalia Karayaneva, CEO of Propy, a land-registry startup, said the term blockchain rarely appears in its marketing materials meant to woo customers and investors, who soured on the subject. Amos Meiri, CEO of Colu, a startup that issues city-specific tokens to spur local shopping, exited blockchain altogether. “You can make the experience work with Amazon AWS, just like any other payments or rewards platform,” he said. 

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  

 

Elastos Bi-Weekly Updates —25 October 2019

Elastos Bi-Weekly Update – 25 October 2019

This week the Developer Experience Team is headed to San Francisco Blockchain Week where they will host a booth, a developer workshop, and speak on a panel.

The core development teams continue to produce updates across the ecosystem and the Elastos Foundation gives an update on its path to decentralization in our Community News section. 

Let's recap. 

Elastos Browser (Trinity)
– Completed basic functions and UI design with regards to DApp Store application development and DApp Store backend has been docked
– Improved Trinity-cli to support the release of DApp
– Improved developer documentation including but not limited to Trinity-related dependencies and versions
– Fixed an issue where wallet balances were not displayed properly on some platforms
– Added Intent support to turn on QR Code scanning
– Optimized the implementation of the Group part of the Carrier Plugin and maintained the interface form to be consistent with the Android/iOS Group interface

Hive
– According to the problem in development and use, the document interface is revised and finalized, and has entered the development stage.
– Optimized the implementation of the Hive SDK

Carrier
– Resolved bugs that Friend request couldn't be sent after being rejected
– Discussion on designing Carrier-based micro-service solutions
– Completed the development of a persistent group

DID
– Native SDK and Java SDK for consistent processing of DID Store storage structures
– Implementation of DID Sidechain (under development) through SPV interface
– Implemented SPV-based command line wallet for DID development and automated testing
– Developed the Swift SDK
– Application design of DID in Trinity
– DID Sidechain payload structure adjustment

Main Chain
– Started the third round of testing for the first phase of the CR Consensus and fixed the bugs found
– Completed the development of the CR proposal query interface, discussed the implementation of the transaction related to the proposal, proposal withdrawals, etc.
– Completion of CR member proposal quantity limit related function development
– The test framework now covers the basic process of the first phase of CR

ETH Sidechain
– Discussed DPoS plan
– Supplementary Wiki documentation

Elastos Wallet
– Released ELA Wallet [Android v1.3.2], to fix issues showing unrelated transactions
– Completed the first phase of CR related function development and started the second phase of CR related function development work
– Refactoring the DID-related interface of the SDK for compliance with the DID specification

Specs
– Discussed and developed MicroService specifications

DPoS
-ELA Supernode Upgrade: Version v0.3.8 was released
This upgrade includes several fixes and updates for the height of the ELA main network block. It is recommended that all DPoS supernode participants complete the upgrade of this version as soon as possible.
The Release Note can be found at https://github.com/elastos/Elastos.ELA/blob/master/docs/release-notes/release-notes-0.3.8.md

• SEO audit complete for Elastos Academy
• Began optimization updates to Elastos Academy based on audit results
• First version of Academy companion app for Elastos Browser outline complete
• Bi-weekly developer email sent highlighting DID Sidechain, new Style Guide, and application development opportunity
• Discussed project Gitella and initial landing page content
• Initial design concepts and branding ideas near completion for Elastos Browser
• Prepared slides and materials for San Francisco Blockchain Week workshop
• Porting from Phase 0 to Phase 1 underway for Elastos Console

The Elastos Foundation and Cyber Republic are honored to share Version 1.0 of the CRC Whitepaper. Please provide your comments and feedback by emailing crc-whitepaper@elastos.org 



Participate in the Cyber Republic forums at https://forum.cyberrepublic.org. All logins are linked to your Cyber Republic login, including the forums and, in the future, your Elastos DIDs.

Elastos Foundation: The Path to Decentralization
With our second anniversary now behind us, the Elastos Foundation enters the second half of its intended lifespan. As planned, the Elastos Foundation will fully exhaust its allocated funding over the course of the next two years. At that stage, it will no longer be possible to sign off on projects released to the Google or Apple app stores. 

Of course, the Elastos Foundation is fully committed to building a new Internet infrastructure – the Elastos Smartweb – which is free and 100% open sourced on GitHub. In order to prepare for our transition to full decentralization, we are preparing for our Q1, 2020 launch of Cyber Republic, by which time all software will be released, distributed, and promoted by community teams – not the Elastos Foundation.

For instance, DPoS Supernodes being run by the Gelaxy (Blockchain) team, Carrier team, Hive team, DMA team, Elaphant team, AnyPeer team, and others may compete among one another to reward their followers in different ways.

Trinity Browser, Elastos' client-side app, serves as the main entry point to the Modern Internet. All legal software entities from across the world will be able to freely build open source dApps for Elastos on GitHub. The Trinity Tech Co., Ltd. is merely a placeholder for the distributor to various app stores, and the CRC will have the final say as to which team will own the title "Elastos" in such app stores.

As many community members are already aware, the Elastos core team has divided into several smaller teams with refined concentrations, such as the Gelaxy (Blockchain) team, Trinity team, Carrier team, and Elaphant team, and all will remain partially funded by the Elastos Foundation going forward. Meanwhile, the Elastos Foundation will consist of approximately ten employees that provide services related to operations, such as product planning, accounting, legal, and back office work. 

At the appropriate juncture, the Elastos Foundation will spawn a fiat-based, non-profit organization focused on developing standard specifications in much the same fashion as W3C. This standards organization will function underneath the CRC while seeking donations or membership fees – denominated in fiat, crypto, or otherwise – from Smartweb communities.

To remain consistent and fully transparent, there will be continued biannual audits for Elastos Foundation funds, which are dedicated to building out the infrastructure of the Elastos Smartweb.

Most importantly, the development of the Smartweb's foundational infrastructure, surrounding ecosystem, and community is the foremost priority for Elastos at present. Our continued organizational evolution and strengthened focus on standardization reflects our commitment to such development, as they are integral to realizing our vision of a decentralized Modern Internet.

October 19

Feng Han participated in the DVP Global Hackathon held at CNN – The Biz, located in the Gangnam District of South Korea where he gave a speech and held in-depth discussions with other attendees, including: DVP CEO Daniel Wen, HaechiLabs representative Lee Kyutaek, BOB hacker representative Panghoddari, Vulnerability Research Director of PeckShield Edward Lo, Changting Technology Blockchain Security Leader Xiaohang Yu, and Bai Maohui Senior Security Researcher R3start.

Feng Han said that he recognized the direction of  South Korea's development in both blockchain and 5G technologies, including that South Korea is launching the world's first 5G network and has set up a blockchain SAR in Busan.

He continued on how the Data Capitalization Campaign in the 5G era will inevitably arrive. It will bring several benefits such as the general increase in individual credit limit, the implementation of data ownership from data mining, and the transformation of personal data to tradable digital asset. With advent of 5G and the maturity of 5G technology, humanity will have easier access to the internet which will enable mass participation in the digital economy, thus delivering the prerequisite for the Data Capitalization Campaign.

Feng concluded that the infrastructure of the Modern Internet, represented by Elastos, is gradually improving and provides innovations for the protection of institutional and personal data.

San Francisco – Oct 31 – Nov 01

Elastos will host a booth at San Francisco Blockchain Week at the Marriott Marquis.
At the event, Kiran Pachhai will host a developer workshop titled, "Build for the Modern Internet powered by Blockchain," while Clarence Liu will participate in a panel on "Scaling in 2020: Layer 1 vs Layer 2" 

"SF Blockchain Week seeks to provide world-class education for both consumers and developers with the goal of pushing the boundaries of blockchain innovation. The focus of this week-long, immersive experience is to help the industry reach mainstream adoption through fundamental education and engagement with projects leading the way. There is truly something for everyone at this action-packed event. We ask that attendees follow two simple rules: Come to Learn and Stay Curious!"

For more information: https://sfblockchainweek.io/

Malta – Nov 07 – 08

Elastos will be exhibiting with a booth at the Malta A.I. and Blockchain Summit in November.

"The Malta A.I. and Blockchain Summit has secured its place on the global tech calendar as the premier platform for companies to exhibit, network and engage in debate. More than 14,000 exhibitors, investors, suppliers, and thought leaders have come together, forged new partnerships, and sealed lucrative business deals.

The third edition of the summit takes place on 7 to 8 Nov 2019, offering more networking, more high quality content, and more business opportunities. 

The AIBC Summit offers additional opportunities through a number of global satellite events and networking dinners, as well as producing a bi-annual publication and news site packed full of in-depth interviews and articles, bringing brand exposure and visibility to companies looking for a place to show the world what they do best. The variety of content offerings also provide a launch-pad for thought leaders keen to be a part of the conversation in this fast-paced industry."

For more information: https://maltablockchainsummit.com/

Next Posts

9 MIN READ
Elastos Bi-Weekly Update – 11 October 2019
3 MIN READ
Spotlight Series 5: Ethereum Sidechain
78 MIN READ
Elastos: Behind the Blockchain
Copyright © *2019 Elastos Foundation, All rights reserved.

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