Friday, October 26, 2018

📰 CoinSheet - October 26, 2018 📰

October 26, 2018
Luck never gives; it only lends.
-Swedish proverb

CoinSheet #221

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COIN BULLETIN

CBOE, VanEck, SolidX All Meet With SEC Commissioner Elad Roisman

You've probably been seeing some recent murmur in the headlines about a Bitcoin ETF and the SEC.

This was referring to an October 9 meeting with Commissioner Roisman and folks from SolidX, VanEck, and CBOE.

The point of this meeting was to give arguments for why the Bitcoin ETF should be approved as previous issues identified by the SEC are now resolved.

If you're interested in seeing the presentation, you can take a look at it here.

The presentation was a response to reasons the SEC gave as when they rejected a previously submitted Bitcoin ETF.

The key points are these:
  • Multiple CFTC regulated derivatives markets now exist for bitcoin, so the market is now more mature.
     
  • Trust will use OTC bitcoin trading desk pricing, so the price is harder to manipulate.
     
  • Proliferation of information sharing agreements, so a non-US entity will be able to share relevant info about market trading/clearing activity + KYC/AML, without being materially impeded by the non-US entity's laws.
     
  • With ~$200,000 share price, VanEck SolidX Bitcoin Trust is not for retail.

(Basically the same points I made back in July)

My general thought hasn't changed and I still think that a Bitcoin ETF approval in Q1 of 2019 is very possible.
 

What else is going on...

  1. IDEX Exchange Blocking Users From New York State. (lol, decentralized exchange)
  2. Coinbase's New Stablecoin (USDC) Could Freeze Funds and Censor Accounts (lol, bank the unbanked, independent money, etc...)
  3.  
THINGS I LIKE

What's Really Driving the Cryptocurrency Phenomenon

A great cryptocurrency primer from Chris Dannen, Leo Zhang, Martín Beauchamp.

This one is a beast.

You can read it here.
MARKET SENTIMENT

Top 5 Winners

Top 5 Losers

Technicals

Bitcoin

Waiting for the price to move above the 200 day simple moving average (that white line).
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Week 43: Five Bullet Friday. A gaming startup has chosen to build on Komodo and promises an Airdrop.

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Five Bullet Friday

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 Week 43 

Komodo Platform: Why Assetchains?

A new post from Satinder Grewal who is a long-standing member of Komodo's community. This post reflects on the reason why assetchains exist, how the idea was born, shares a brief history and finishes with a quick comparison of other smart blockchain platforms. Read the full article here. 



A new dice game is created that takes advantage of Komodo's crypto-conditions.

The first post aboutKMDICE was published via Bitcointalk on 22nd October. It says that KMDICE is a PoW blockchain dice game created with Komodo's tech. It's the first minable decentralized dice game and takes advantage of Crypto-Conditions. You can find the Bitcointalk thread here and a KMDICE pool here. The whitepaper and website are yet to be announced although there is a #KMDICE channel in Komodo's Discord if you want to ask questions.
 



Airdrop: a gaming startup Pixdum has chosen to build on Komodo after discarding previous options and promise to airdrop 40 million $PXD.

You can find their whitepaper here, take a look at their team and join their Discord here if you're interested in learning more. 



Tech Tuesday Update #7: A Summary Of Last Week's Development

  • Smart Contracts and the UTXO Model
  • Supply Chain Blockchain Research
  • Sharing Block Rewards – New Possibilities
Read the full update here.



Agama Wallet: new version, SPV reward fix and IOS beta testing.

Please download the new version of Agama. PIRATE and KMDICE have been added. If you're using Komodo lite mode to claim rewards, it includes a critical SPV reward claim fix. Using an older version will likely have issues and they may experience daemon crashes. Agama mobile will soon be in beta testing on iOS. Users who want to participate in the beta testing and help support find bugs can access the app by DMing their Apple ID to SHossain#8093 on the Komodo Discord server.

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