ETC Cooperative Q1 2020 Transparency Report

We are pleased to announce the release of the ETC Cooperative 2020 Q1 Transparency Report. This is an update on what has been happening at the ETC Cooperative since the 2019 Retrospective. The major event for ETC Cooperative during Q1 was the AGM where months worth of work on governance came to fruition. New website is live, with all those documents and filings available. ETC hardforked to Agharta in January. We are on track for a successful Phoenix hardfork in June, though that has been a hard process, with three different rough consensus points and broken testnets on the way. ETC Coop now hosting BlockScout for ETC, Mordor and Kotti. Connext state channels will be live soon. Whiteblock are working on Keccak256 hash algorithm testing. Bob and Yaz are now both EEA Vice-Chairs for Technical Spec WG and Testnet WG respectively. See also ETC Coop Goals And Objectives Q1 2020 Update spreadsheet, which tracks progress on the goals we set for 2020 at the AGM. The mission of the ETC Coop is to steward the development of the Ethereum Classic protocol and to support the growth of a mature ecosystem around that protocol. There are three pillars to this mission: Accelerate adoption of ETC technology by individuals and enterprises through effective branding, marketing and education. Foster collaboration between ecosystem participants including developers, miners, investors, enterprises and end-users. Mature Governance and Transparency – efficient and transparent governance framework, including use of funds. Here are some important pages on this new website created in Q1 2020: Roadmap - What are we working on? Governance - How does ETC Coop work? Filings - Regulatory filings and other public disclosures People - Who are we? Bob Summerwill, Executive Director ETC Cooperative 250 Park Ave S, New York NY 10003 United States You received this email because you signed up on our website or made a purchase from us. Unsubscribe

Andreessen Horowitz raises $515m for crypto fund / Ex-Trump advisor thinks COVID will boost digital payments / Crypto Masterclass

Inside Cryptocurrency .

Inside.com Part of   Network April 30, 2020

Dear subscribers, Happy Thursday! For those who'd like to sign up to Inside Crypto Premium, we're offering 50 percent off for our first 50 new subscribers. To take advantage, simply use promo code Crypto50 when signing up, which you can do here. Here's what you'll get: Full access to content five days a week, with an ad-free experience. Q&As with crypto experts, such as this interview with Ray Youssef, CEO and co-founder of Paxful. The latest studies and reports on crypto, including our own in-depth analysis. Our daily Masterclass with leaders from the crypto space giving their views on market conditions. Click here to upgrade to premium! Stay healthy, stay safe, Rebecca

Market Watch Bitcoin is dominating the market during Thursday trading as it gets within striking distance of hitting $9,000 ahead of its upcoming block reward halving event next month. Can it reach over $9,000 before the end of the week? Bitcoin $8,966 +10.99% Ethereum $215 +3.93% XRP $0.221 +2.32% Tether $1.00 +0.54% Top 100 Winner: Siacoin $0.002 +29.14% Top 100 Loser: Unibright $0.326 -11.28% Prices are as of 2:00 p.m. ET.

Andreessen Horowitz raised $515 million for a crypto fund. The Silicon Valley venture capital company raised $65 million more than originally expected... To read the full story and others in this newsletter, sign up to Inside Crypto Premium. To sweeten the deal, we're offering our first 50 new subscribers 50 percent off on monthly plans. Simply use the code Crypto50 when signing up. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

A former Trump advisor thinks COVID-19 will boost move to digital currency. An ex-director of the U.S. National Economic Council, said that the coronavirus pandemic is giving digital currencies a "gigantic boost"... To find out more, sign up for Inside Crypto Premium. To sweeten the deal, we're offering our first 50 new subscribers 50 percent off on monthly plans. Simply use the code Crypto50. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

Throwback Thursday: When the SEC issued a warning about Bitcoin investments. Our weekly Throwback Thursday feature takes a look back at the most newsworthy items in the crypto space over the last decade. On May 7, 2014, the U.S. Securities and Exchange Commission (SEC) issued a warning to investors regarding Bitcoin and other crypto-related investments. The SEC said that the rise in virtual and digital currencies was creating new concerns for investors. It noted that new products, such as Bitcoin, have the potential to involve "fraud and high-risk investment opportunities," with investors promised of high returns in, what was still, a new investment space at the time. The notice followed an Investor Alert from the SEC, which pointed out how Ponzi schemes could use cryptocurrencies. A few of the potential warning signs that the SEC highlighted included guaranteed high investment returns, unsolicited offers, unlicensed sellers, sounding too good to be true, and a pressure to buy straight away. Since then, the market has matured to a certain extent; however, there have been several crypto-related scams along the way, so the SEC wasn't far off the mark. SEC

Crypto Masterclass, featuring Erick Pinos. Our Crypto Masterclass feature showcases a well-known thought leader or expert in the crypto space, including their visions and advice for the future. "The concept of Bitcoin as a safe haven during a global recession is one that has long been touted by industry players." In Pinos' view, the current market downturn hasn't resulted in investors turning to Bitcoin; however, at this stage of the crisis, he thinks it's unsurprising. Continuing, Pinos says that it's still early days for the economic downturn, as it is for Bitcoin. As Bitcoin has never lived through... To find out more of Pinos' views and receive our Masterclass every day, sign up for Inside Crypto Premium. To sweeten the deal, we're offering our first 50 new subscribers 50 percent off on monthly plans. Simply use the code Crypto50. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

Venture capitalist says there's been no reason to hold Bitcoin SV. Chris Burniske, a partner at crypto-venture firm Placeholder Capital, said that there's never been a "compelling reason" to hold Bitcoin Satoshi's Vision (BSV). He added that he didn't believe the asset would be a commonly used or transformable asset. In a later tweet, he continued by saying that the main idea of BSV is flawed because no one can reliably prove who, or what, Satoshi is. Notably, just yesterday, an annual report from Bitcoin SV’s The Bitcoin Association claimed that BSV rivals Visa for transactions per second, in addition to offering "better returns" to miners than Bitcoin. CBURNISKE/TWITTER

Block.one issues $50,000 into blockchain-based COVID-19 testing. The grant has been issued to Genobank.io, a blockchain organization that is creating an open-source app for secure COVID-19 testing. At the end of March, Genobank said that work on its Agerona app had started to address the global health crisis. Genobank.io noted that it had partnered with the Telos Foundation and that the results will be stored on the Telos blockchain. The app connects users anonymously with test suppliers located in their country. It will also have an experimental feature that enables users to record a sound clip of their cough and submit it for a pre-test of the virus. EOS

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.  Editor Beth Duckett is a former news and investigative reporter for The Arizona Republic who has written for USA Today and other publications.

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Telegram Returns

Telegram delays launch, Bitcoin eclipses gold and Coinbase went dark

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April 30, 2020 By Daniel Kuhn If you were forwarded this newsletter and would like to receive it, sign up here.  TOP SHELF Coinbase experienced a brief outage yesterday as investors raced to the crypto exchange, propelled, in part, by a fear of missing out.  FOMO is seen elsewhere in the market, as derivatives products soar 300% on daily trading volumes and Grayscale reported a notable uptick in shares of its Bitcoin Trust. Here's the story: Delayed Telegram Messaging app Telegram postponed the launch of its TON blockchain for a second time on Wednesday, pushing the new launch date to April 2021. This delay triggers a clawback clause in which the company will offer to return up to 72% of each investor's stake from its initial $1.7 billion token sale in 2018. Investors can choose to loan their capital to Telegram in exchange for a higher equity stake next year.  Back in Business Obsolete mining equipment is becoming profitable again, at least for a short time. According to the miner profitability index, tracked by mining pools PoolIn and F2Pool, older mining rigs, such as Bitmain's AntMiner S9 or Canaan's Avalon A851, can now generate a 10-20% gross margin at an average electricity cost of $0.05 per kilowatt-hour (kWh). Second Crypto Fund Andreessen Horowitz has raised $515 million for its second crypto fund. The firm launched an initial $300 million crypto-focused in 2018. (Fortune) Jump Shares Amid the sharp rise in bitcoin's price Wednesday, shares in the Grayscale Bitcoin Trust (GBTC) also saw notable gains of 14.3% on the day. Grayscale's Ethereum Trust also saw a 7.7% jump to $104.50 per share. (Disclosure: Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.) Coinbase Outage Coinbase experienced a brief outage Wednesday as the price of bitcoin rallied to just below $9,000. The largest U.S. exchange by trading volumes reported $300 million in daily transactions by Wednesday afternoon, dwarfing its average from the previous seven days. Kraken, another major exchange, also experienced some web issues.  Legal Dispute Micree Ketuan Zhan, the ousted co-founder and former chairman of leading bitcoin mining equipment manufacturer Bitmain, has scored a partial legal victory over his former employer. The court has granted Zhan’s request to block the company from registering a new legal representative. The legal dispute is the latest chapter in Zhan’s ongoing struggle with Bitmain since he was ousted by his fellow co-founder Jihan Wu last October. Blockstack's Business Blockstack’s financial operations have run almost exclusively on Stacks token sales. The company brought in $23.3 million last year, $23 million of which came from its Regulation A+ compliant token sale in September 2019, according to SEC filings Wednesday. Its 2017-2018 revenues came from exempted token sales, the filing showed. The Block reports this represents a 37% fall in its 2019 revenue due lower sales of its Stacks token.  Tencent Accelerator Tencent has launched a blockchain accelerator program. The Tencent Industrial Accelerator is looking to mentor 30 startups and established firms looking to enter the blockchain industry. (The Block) Portugal's Sandbox Portugal has approved a nation-wide plan to encourage digitalization and experimentation with emerging technologies. While it covers a wide field of technological advances, the “Digital Transitional Action Plan” will also provide tax breaks for cryptocurrency trading and issuance and encourage firms working with blockchain, CoinTelegraph reports.  Chain' Links to Tezos Pricing feed protocol Chainlink has integrated with another blockchain, this time Ethereum rival Tezos. The integration means Tezos projects can pull from active pricing feeds for various assets to build out products, such as the bitcoin-based decentralized finance (DeFi) application recently created by the Bitcoin Association Switzerland. Pierce's PPE Brock Pierce’s Puerto Rican nonprofit has teamed up with Binance to buy $1 million in personal protective equipment to help fight coronavirus in Puerto Rico.  Copycats Be Warned Alibaba has patented a blockchain-based program to vet the originality of songs. Granted by the U.S. Patent and Trademark Office on April 21, the patent describes a blockchain comprised of several library nodes and one validation node, which evaluates how similar a song's tune, tempo and other factors such as lyrics and beat are to other tracks in the library.  Cohn on Crypto/COVID-19 The COVID-19 crisis will hasten the adoption of digital assets, according to a Financial Times op-ed penned by former Trump advisor Gary Cohn. The former director of the US National Economic Council now sits on the advisory board of blockchain startup Spring Labs. COINDESK LIVE: LOCKDOWN EDITION CoinDesk Live: Lockdown Edition continues its popular twice-weekly virtual chats with Consensus speakers via Zoom and Twitter, giving you a preview of what’s to come at Consensus: Distributed, our first fully virtual – and fully free – big-tent conference May 11-15. Register to join our fifth session Thursday, April 30, with speaker Hudson Jameson from the Ethereum Foundation to discuss private transactions, client improvements and dealing with FUD, hosted by Consensus organizer Nolan Bauerle. Zoom participants can ask questions directly to our guests.  MARKET INTEL Eclipsing Gold & Stocks Bitcoin jumped 13% on Wednesday, the most in six weeks, as Fed Chair Jerome Powell promised an "unlimited pot" of money to keep the U.S. economy from collapsing. Blowing past predicted resistance levels, the cryptocurrency is now up 24% on the year, eclipsing both gold’s year-to-date gains of 13% and the Standard & Poor's 500 Index, which is down 9%.  Derivative Spike Bitcoin's two-month highs have revived interest in options and derivative instruments used to hedge against sudden price swings. Major exchanges registered a total trading volume of nearly $180 million on Wednesday, up 350% from the day before. Cambridge Survey CoinDesk is working with the Cambridge Centre for Alternative Finance (CCAF), an independent academic research institute at the University of Cambridge, on their 3rd Global Crypto Asset Benchmarking Study. To gather up-to-date information, the CCAF invites crypto companies to participate by completing one of the following surveys by May 1: As an actor in the crypto asset mining industry As a crypto asset service provider working in payments, exchange or custody The resulting report will help us all get a better idea of where growth is happening, what it looks like, what barriers are in the way and what the short-term outlook holds. If you have any questions or feedback, you can contact the CCAF directly at  a.blandin@jbs.cam.ac.uk. COINDESK PODCAST NETWORK Two of CoinDesk’s most popular series, NLW’s The Breakdown podcast and the Money Reimagined newsletter by chief content officer Michael Casey, come together for a special podcast microseries in the run up to  Consensus: Distributed, our first virtual big-tent event May 11-15.  The Breakdown: Money Reimagined builds on themes Casey explores in his newsletter to tell the story of key arenas in the battle for the future of money – from the incumbent dollar to China's aspirational DCEP to the insurgent bitcoin – in the context of a post-COVID19 world.  The four-part podcast features over a dozen voices including Consensus: Distributed speakers Caitlin Long, Matthew Graham and Kevin Kelly. New episodes air Fridays starting May 1 on the CoinDesk Podcast Network. Subscribe here. WHO WON #CRYPTOTWITTER Copyright © 2020 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? 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