Miami uploads Satoshi's whitepaper / FinCEN extends comment period / Mirror Trading International

The City of Miami has uploaded Satoshi Nakamoto's whitepaper...

Inside.com Part of   Network January 28, 2021

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Bitcoin $32,217 7 day: +2.4% Ethereum $1,343 7 day: +11.4% All crypto $952B 7 day: +5.7% Bitcoin dominance 62.7% 7 day: -1.6% Prices as of 11:45 a.m. EST

Bitcoin's Whitepaper The City of Miami and the Estonian government have uploaded Satoshi Nakamoto's whitepaper to government servers. Ostensibly to prevent another incident like the removal of the whitepaper from BitcoinCore.org last week, bitcoin celebrities like Coinbase CTO Balaji Srinivasan have been encouraging government workers to host Satoshi's whitepaper. Estonia's copy can be found here, uploaded via Wordpress and hosted on a government domain. Colombian federal workers uploaded a copy here via Amazon Web Services and are working on hosting another copy on a local server. The City of Miami uploaded a copy to a .gov TLD here. Coindesk

FinCEN has extended the comment period, again, regarding its unhosted crypto wallet rules. The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury, is responsible for protecting the U.S. financial system from illicit actors, money laundering activities, and terrorists. Another extension: The bureau has further extended the period for public comments regarding a requirement for crypto exchanges to gather and transmit the name and address of information for transactions to unhosted wallets. FinCEN announced the extension on Tuesday, saying all comments are due within 60 days of submission to the Federal Register. FinCEN previously extended the commenting period by 15 days. We have been covering this important proposal since October here at Inside Cryptocurrency, including a major update in December. We dedicated a full edition to the topic on Jan. 7. FinCEN

A message from MELIO Mom and pop go digital: how Covid-19 led small businesses to embrace new tech. The global spread of Covid-19 made 2020 one of the most challenging years on record for small businesses everywhere.  A new survey commissioned by B2B bill payment company Melio and conducted by market research company OnePoll indicates that small businesses may have some advantages at times of crisis, mainly as they are more willing to adapt to changing environments and adopt new solutions than large companies are.  According to the survey, 31% of small business owners believe embracing new technology has helped their business during Covid-19. On top of that, 25% of respondents said the pandemic accelerated the adoption of digital tools by their business. Interestingly enough, the survey also pointed at age as a decisive factor, showing younger small business owners were more likely to have made changes during this time. Read More

33-year old Jerry Ji Guo will go to prison for embezzling $20M of ICO funds. The San Francisco resident will serve a six-month prison sentence after a U.S. court sentenced him for illegal behavior during a multi-million-dollar ICO fraud. Guo pleaded guilty to one count of wire fraud. A U.S. District Court Judge also ordered him to pay restitution of $4.4M and serve three years of supervised release after his time in prison. Guo claimed he was an ICO consultant who performed marketing services for his clients. Instead, Guo embezzled cash and cryptocurrencies.  U.S. Dept. of Justice

The South African Financial Sector Conduct Authority is proposing new regulations in response to the collapse of Mirror Trading International, a suspected crypto Ponzi scheme. In November, Mirror Trading International claimed it had 260,000 members and 23,000 bitcoin ($715M). In July, the Texas State Securities Board issued a cease-and-desist order against the company. In a police raid during October, authorities found 170,000 unique email addresses. CEO Johann Steynberg had fled to Brazil by December. South Africa's financial regulator will increase its oversight in response to a recent exchange failure. Bloomberg

A message from LOHIKA Event Invitation: How to Encourage and Develop Female Software Engineers Join Lohika for an important discussion on how to encourage and develop female software engineers. Their featured guest is Valli Nachiappan, Senior Director of Engineering at Zendesk. Attendees of the live event will receive a copy of the book “Becoming” by Michelle Obama. Request an Invite

Lloyd Blankfein Former Goldman Sachs (NYSE:GS) CEO Lloyd Blankfein says that governments could ban bitcoin if it becomes too dangerous. Potentially undermining its "store of value" and "medium of exchange" value propositions, Blankfein reminded viewers that gold ownership was illegal for many decades of U.S. history. He briefly admitted that bitcoin "could work." "If I were a regulator, I'd be, you know, I would be kind of hyperventilating at the success of it," Blankfein said. "I'd be arming myself to deal with it." On CNBC this Monday, Blankfein stressed that if any cryptocurrency ever grew sufficiently large, regulators could ban it, whether domestically or abroad. Mike Green reached the same conclusion during his landmark interview with Nic Carter. Green summarized, "I would suggest that we've encouraged way too many people to take way too concentrated a bet on a very low probability outcome, under the idea that they can't stop it. They absolutely will stop it." Click to tweet the following text (you can edit it before sending): $GS $BTC Former Goldman Sachs CEO Lloyd Blankfein says that governments could ban bitcoin if it becomes too dangerous. CNBC

QUICK HITS: See how consumer electronics brand Nomad went headless with their existing Shopify store to increase their ecommerce conversion rate by 25%.* Hawaiian lawmakers are reviewing a bill that would establish a blockchain working group to recommend a definition for blockchain technology and make recommendations for individuals, businesses, and Hawaiian state agencies to use the technology. Fred Wilson's Union Square Ventures announced its seventh early-stage venture fund, the 2021 Core Fund, with $250M in capital commitments and a 30% carve-out for crypto investments. Another milestone in the long-running feud between Bitmain founders Jihan Wu and Micree Zhan has passed, with Wu announcing his "amicable" departure in a crypto-friendly encrypted tweet. Another individual investor has filed a class-action lawsuit against Ripple's (XRP) Brad Garlinghouse, claiming the sale of XRP violated Florida state securities law, and accusing the company of misrepresenting to investors that it was compliant with state law. The USA mining pool of Foundry, a Barry Silbert portfolio company, has jumped to one of the world's Top 10 mining pools. Over-the-counter crypto trading giant Genesis Trading released a report stating that Barry Silbert's Digital Currency Group exchange desk traded $20.7B in spot plus $5.9B in derivatives volume during 2020. Genesis also originated $19B of loans during the year. Messaging app Signal is exploring the addition of payments, including cryptocurrencies. Brian Acton created Signal, and was a co-founder of WhatsApp, which Facebook acquired in 2017. Poor cross-team collaboration can ruin productivity and delay product launches. Learn how to bridge the communication gap.* *This is sponsored content.

Curated by Associated Press fanboy, eye-strained news terminal watcher, and bitcoin follower since $1, Aaron Wise. Temporarily listening to news squawk boxes in Florida while awaiting the construction of cryptopia. Editor Charlotte Hayes-Clemens is an editor and writer based in Vancouver. She has dabbled in both the fiction and non-fiction world, having worked at HarperCollins Publishers and more recently as a writing coach for new and self-published authors. Proper semi-colon usage is her hill to die on.

Melio is on a mission to keep small businesses in business by providing them with a smart B2B payment solution.

Lohika partners with growth-stage technology companies to help them engineer the next Big Thing.

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