Kinfo September Edition: 40 participants join Kin Developer Program, Kinit available on Android & iOS

Welcome to Kinfo, your monthly digest of all things Kin!   First, we'd like to apologize for the delay in sharing our July updates. We switched email service providers following issues with Mailchimp's new guidelines barring cryptocurrency companies from using their services. We're excited to be back up and running with email marketing software SendX! It's been a busy summer at Kin! In July, we launched the Kin Developer Program, an initiative that empowers developers to create Kin-powered experiences for consumers and incentivizes them with grants in both fiat and Kin for reaching program milestones. We originally planned to accept 25 developers into the program, but due to the high quality of applications we received, we increased the program's capacity to 40 teams with nearly $5M in total incentives. We also launched the Kinit app on Google Play in July, and it hit the iOS App Store in August. Kinit is the first publicly available app dedicated to Kin, allowing us to get Kin into more consumers' hands and accelerate learnings on consumer behaviour in the Kin Ecosystem. We also announced that true[X] and Swelly have created new ways to earn Kin in the Kinit app. Download the app for Android or iOS and start earning Kin now! We're also thrilled to share that former Ethereum Foundation special adviser William Mougayar has been appointed to the Kin Ecosystem Foundation's board of directors to oversee the fair and productive growth of the Kin Ecosystem. We're glad to have you onboard, William!   More ways to earn Kin: Swelly and true[X] in Kinit August 6, 2018 We've partnered with Swelly, a survey platform that offers polls from major brands, like Red Bull and Swarovski, and true[X], an independent interactive ad unit of 21st Century Fox, to expand earn opportunities for Kinit users. Kin Developer Program accepts 40 developers to grow Kin Ecosystem August 15, 2018 The Kin Developer Program launched in July, and we're humbled to have received more than 200 applications from 38 countries. We've accepted 40 development teams to build Kin-powered experiences in new and existing apps through the Kin Developer Program. The apps span nine categories, including communications and social, gaming, health and fitness, and more. Kinit app now live in iOS App Store August 22, 2018 We released Kinit, the first publicly available app dedicated to Kin, on iOS. This marks another milestone in making Kin the most-used cryptocurrency in the world, as we can now start to understand how Kin can benefit iOS users. Former Ethereum special advisor William Mougayar appointed to Kin Ecosystem Foundation board of directors August 23, 2018 Mougayar is a leading cryptocurrency expert who will advise the foundation on matters relating to the ecosystem, including the Kin Rewards Engine, membership, and securing the ecosystem against external risks.   Kin Developer Program launches today   Find out how this multi-million dollar program will arm developers with the tools and incentives they need to build Kin-powered experiences.   Kinit Beta app now live in Google Play   Learn more about Kinit for Android, and how the app will allow us to accelerate learnings by getting Kin into the hands of more consumers.   Kin Developer Program: Timeline   Here are the details on the program's milestones, and the rewards for development teams once they reach each one.   Product Manager Q&A: Initial learnings from Kik integration   We interviewed product managers from Kik and Kin to find out what they learned from the first integration, and how they're using those learnings moving forward.   $3 million fund to create 25 marketplaces for Kik Messenger's token July 11, 2018 Coindesk Kik is giving $3M to developers to build for its Kin cryptocurrency July 11, 2018 TheNextWeb Kik launches beta product after $100 million ICO July 18, 2018 TechCrunch Red Bull and Swarovski are testing cryptocurrency tokens in exchange for engagement August 6, 2018 AdWeek Social cryptocurrency Kin selects 40 apps for $5M developer incubator August 15, 2018 CCN Kin nabs 40 consumer app for crypto developer program August 15, 2018 VentureBeat Kinit app lets iOS users earn and spend Kin cryptocurrency in apps August 22, 2018 VentureBeat Today in board additions: William Mougayar joins Kin Foundation's board of directors, Joule appoints Deepak Kaura as board chair August 23, 2018 Betakit     Copyright © 2018 Kin Ecosystem Foundation, All rights reserved. You are receiving this email because you opted in via our website.   Our mailing address is: Kin Ecosystem Foundation 420 Weber Street North, Suite I Waterloo, ON N2L 4E7 Canada

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Welcome to the big leagues BitGo

September 14th, 2018

Read in browser

QUOTE OF THE DAY

"It's better to be a lion for a day than a sheep all your life."

- Elizabeth Kenny

MARKET

COIN	PRICE	24H
BTC	$6,477.72	-0.17%
ETH	$209.03	+4.76%
XRP	$0.27705	+0.10%
BCH	$451.00	+0.52%
EOS	$5.26	+2.15%

*Information as of 9:30 AM EST

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INSTITUTION

Crypto Custody Service Wins U.S. Regulatory Approval to be a Qualified Custodian

WELCOME TO THE BIG LEAGUES

• Yesterday, blockchain security company BitGo announced that BitGo Trust Company is now a regulated cryptocurrency custodian for institutions
• The approval comes from South Dakota's Division of Banking that oversees financial institutions and ensures the public's interest is protected
• For BitGo, this is a huge step forward as it can now proceed to offer custodial services across the United States

THE MISSING PUZZLE PIECE

• It is a well-accepted opinion that custodial services are a missing piece of the puzzle to bring large investors into the industry
• As more custodial companies like BitGo continue to enter the regulated arena, institutions instill more trust in the industry
• In addition, family offices and hedge funds are required by the U.S. Securities and Exchange Commission (SEC) to use a custodial service to hold funds if the assets exceed $150 million

TABB Group senior analyst Monica Sommerville explained to CNBC the importance of crypto custodial services:

"This is the missing piece for infrastructure it's a treacherous environment today. Hedge funds need it, family offices need it, they can't participate in digital currency until they have a place to store it that's regulated."

DETAILS YOU SHOULD KNOW

• BitGo will support 75+ different coins and tokens including Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH), Bitcoin Gold (BTG), and Zcash (ZEC)
• The digital assets are stored 100% in cold storage (meaning offline) and are in bank-grade Class III vaults
• In the near term, BitGo expects to offer this service to its client base that spans more than 50 different countries and includes some of the world's largest exchanges by volume

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RESEARCH

Blockchain Could Facilitate Over $1 Trillion in New Global Trade, Says the World Economic Forum

TRADE GAP

• With our current financial infrastructure, it is difficult for small and medium-sized businesses to compete with the large corporations
• Especially, in East Asia and the Pacific region where small and medium-sized businesses have limited access to credit
• These factors result in a trade gap that is estimated to be $1.5 trillion and projected to increase to $2.4 trillion by 2025

A report issued by the World Economic Forum states:

Distributed ledger technology, can reduce a large part of this gap, facilitating about $1.1 trillion of new trade volumes globally. Trade allows countries to specialize in industries; it helps technologies and ideas to spread, and yields economies of scale. But a major impediment stands in the way of expanding trade and making it more efficient and safe: namely, paper-intensive, manual processes.

THE GREAT EQUALIZER

• Blockchain is a very much democratizing technology
• Distributed ledgers permit every to have an equal role in a network and eliminate the need for trust that small and medium-sized businesses do not currently receive
• Further adoption of blockchain will only make opportunity fairer, which will result in a positive impact for everyone

---

ANALYSIS

ICO Projects Have Sold 160,000 Ether Over the Past 10 Days

DUMPING ON THE MARKET

• Ethereum has been through a tough 2018 as the cryptocurrency is now hovers just above $200 after touching $1,120 earlier in the year
• Many are pointing to the ICO boom as the cause for Ethereum's steep price increase as investors ate up Ethereum to purchase ICO tokens
• Now, according to Trustnodes, 160,000 Ethereum have been sold within the last 10 days and a total of 283,000 Ethereum have been sold within the last 30 days
• The average August daily transactions are around 1,000 to 5,000 Ethereum sold per day with an occasional sale of 10,000 while the average September daily sale is closer to 10,000

R.I.P. ICOs?

• In August, ICOs saw their lowest amount of funding since May 2017 with a funding amount of $326 million
• Adding to that, yesterday, Sonny Singh of crypto payment processor BitPay claimed that altcoins "will never come back" since institutions will launch Bitcoin products, not altcoin products
• For now, it is unclear whether the ICO model will continue to grow in 2018, however, it is now clear that investors are far more cautious when entering an ICO

---

RESEARCH

Crypto Investors Indicate Desire to be Paid in Bitcoin, According to Study

GIMME THE CRYPTO

• According to a new study from the Human Resources startup ChronoBank, cryptocurrency investors wish that their employer paid them directly in crypto
• ChronoBank surveyed 445 crypto investors and 66% said that they are willing to receive their paycheck in crypto
• However, the respondents are less of a believer of it actually happening, 30% said that they can foresee companies actually compensating in crypto

ChronoBank CEO Sergei Sergeinko said that companies need to listen to what employees want:

Most revealing was that 72% of those surveyed said they would prefer an employer who has the salary payment option in the cryptocurrency when choosing their next place of employment. These results suggest that employers need to get up to speed with crypto sooner rather than later.

HODLER MENTALITY

• Many of the respondents identify as a "hodler" and said that being paid in crypto would cause them to spend less
• In fact, 19% of respondents said they wouldn't use their crypto paychecks at all in hopes that the value would rise

CRYPTO SOLUTION

• Sadly, many people live paycheck to paycheck and struggle to make it two weeks until the next paycheck
• This is where crypto's ability to cost-effectively host microtransactions can solve a real-world problem
• With crypto, instead of being paid every two weeks, employees could be paid by the minute, giving them the funds they are owed right away to be able to be used on living expenses

---

BITS

• IBM has teamed up with enterprise blockchain firm Hacera to launch a yellow pages-like directory.
• Japan's SBI Holdings says it will roll out a Ripple DLT-based payments app for iOS and Android this autumn.
• CEO of the now-defunct U.S. crypto firm GAW Miners has been sentenced to 21 months in prison for defrauding investors.

---

COIN OF THE DAY

QunQun (QUN)

QunQun is a completely new incentive community platform based on blockchain technology. On QunQun, users can easily create their own theme community without encoding and deploying, and obtain extra tokens from the reward pool through operating it or submitting contents to the communities.

---

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CryptoWeekly #72

The best cryptocurrency news, guides and resources.

CRYPTO WEEKLY September 14, 2018 | #72 THE MARKETS BTC: $6,450.44 | +$33.81 (+0.53%) since last week ETH: $206.82 | -$8.63 (-4.01%) since last week LTC: $53.51 | -$2.73 (-4.85%) since last week WeTrust Spring - The platform to raise funds WeTrust Spring is the world's first, crypto to crypto donation platform offering rewards for participating and immediate tax savings. Come and join our beta! Sponsor GOOD READS A Winklevoss-backed stablecoin could be more important to crypto than a Bitcoin ETF Earlier this week, the Winklevoss brothers released a stablecoin in partnership with crypto exchange Gemini. The stablecoin is backed by US dollars, and is seen by many as one of the first truly legitimate stablecoins to enter the market. Who moved $1B in Bitcoin out of cold storage? Here are some theories After nearly a billion dollars of crypto was moved to a number of sub wallets by a single user, speculation has been rampant about who the mystery owner is. Some believe the funds are related to the now-defunct, while others think it could be Craig Wright himself. ​ ICOs Sold 160,000 Ethereum Over the Past 10 Days In the past 10 days, Initial Coin Offering (ICO) projects have sold three times more Ethereum (ETH) than they did in August, according to research by TrustNodes published September 13. Per TrustNodes, ICO projects sold 82,000 ETH on September 4, which was followed by a sharp decline in crypto markets. Inside the Bitmain rival looking to build the world's best crypto mining chip Bitewei is a Shenzhen-based hardware startup that's raised $20M in funding to help it build the world's fastest crypto mining machine - if successful, it could pose a serious threat to Bitmain, currently the world leader in crypto mining. Olaf Carlson-Wee rode the Bitcoin boom to riches - but can he survive the crash? As head of the largest crypto hedge fund, Carlson-Wee is grappling with how to ensure steady returns for clients in the face of a bear market. Nonetheless, Polychain Capital is continuing to invest in the market, even after subsequent downturns. One of the world's first Bitcoin mutual funds has just launched in Canada First Block Capital has just announced the launch of one the first Bitcoin mutual funds. Registered in Canada, the fund will be available on NEO Connect and will be accessible to all accredited investors. Here's why Wall Street's embrace could end up breaking Bitcoin There's no question on whether or not crypto is gaining traction on Wall Street - but whether that's a good thing or not is still a matter of debate. Some are concerned BTC will be treated as a conventional asset, which could negatively impact the market in the long run. Crypto's 80% plunge is now worse than the dotcom crash After additional losses among Ethereum and other cryptocurrencies this week, the market's plunge over the past nine months has now surpassed the dotcom crash in terms of dollars wiped off the market cap of token projects. Money Crypto vs Tech Crypto: a tale of two narratives This piece does a good job of breaking down the two main schools of thought around crypto. One is a mindset of crypto as a payment method (such as Bitcoin Cash), while the opposing school of thought sees crypto as a way to redefine how the internet works. What is crypto custody, and why does it matter? Crypto custody is an emerging trend in the world of institutionalized crypto investing, and it gives crypto investors the ability to securely invest in the markets while having their funds overseen by a qualified custodian. COMMUNITY NEWS Binance is partnering with the government of Malta to launch a security token platform. Link Here are 50+ creative, real-world use cases of blockchain technology. Link Meet Bitcharge, an easy way for freelancers to accept crypto payments. Link Morgan Stanley is planning to roll out Bitcoin trading for its clients. Link Bitcoin Tracker One and Ethereum Tracker One have been blocked by the SEC. Link Defying all logic, Dogecoin is up more than 160% over the past few months. Link Kraken is hiring a Crypto Research Associate in San Francisco. Link Join the Blockchain Innovators Summit on September 23 in Pebble Beach. Link National Commercial Bank of Saudi Arabia joins RippleNet. Link Ethereum's Vlad Zamfir claims breakthrough in blockchain sharding. Link Meet DappRadar, a ranked list of blockchain dapps. Link TenX has just published their financials with $70.5M in fiat and ~$34M in crypto. Link Here's a very heated debate between Jimmy Song and Roger Ver on the Blockchain Cruise. Link We just added 82 new crypto companies, 5 new ICOs, 16 new exchanges, 2 new crypto investors and 6 new crypto media outlets to CryptoLis. Link Check out our other projects: CryptoList | CryptoFirst | Crypto100 | LamboIndex Edited by Chris Osborne in Barcelona (in town? reach out to get a coffee). Reply to this email with feedback and/or suggestions. Nothing shared or published by CryptoWeekly constitutes an investment recommendation, nor should any data or content published by CryptoWeekly be relied upon for any investment activities. CryptoWeekly strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions. Copyright © 2018 CryptoWeekly. All rights reserved. No longer want to receive CryptoWeekly? Unsubscribe.