æternity Community Update - February, 2019

February saw the end of the Phase 1 of AE token migration and preparations for the first scheduled protocol upgrade. Read all the major news here!

Dear community, The æternity movement is pushing forward in all directions. February saw the end of the Phase 1 of token migration as well as the preparations for the first scheduled protocol upgrade. The æpps team continued to improve the Base æpp, app tools, and explorer.  The marketing team published some great content, organized a contest, and improved the usability of the Forum. Simultaneously, æternity Ventures geared up for Starfleet 2.0, and the unique Drone Graffiti project was launched. Here is a breakdown of everything that happened in the month of February! The Minerva Release & Hard Fork The first scheduled upgrade of the æternity protocol was activated on March 7, at block height 47800. To make this happen, consensus-breaking changes were first introduced on the UAT Testnet on February 22. Since no issues were identified, the Mainnet Minerva release (2.0.0) was published in GitHub on February 27. Learn more about the changes that Minerva introduced by clicking below. THE MINERVA RELEASE Start of Token Migration Phase 2 Phase 1 of AE token migration ended on February 15, 2019 at 11:59:59 PM CET. All tokens migrated after that date will be included in Phase 2, which is expected to end on May 7, 2019. Users and exchanges can go to migrate.aeternity.com and prepare their tokens for transfer to the Mainnet. All Phase 2 migrated tokens will become available after the next scheduled hard fork of the æternity protocol, scheduled for May 28, 2019. MIGRATE YOUR AE TOKENS Introducing æternity's Playground A new tool dedicated to developers and æpp creators was showcased in the blog last month. Playground allows for experimenting and previewing æpps that make use of æternity's off-chain scaling solution - State Channels. Learn more about the new tool by clicking below. ÆTERNITY'S PLAYGROUND Podcast Series: Blockchain From The Block The æternity Foundation Bulgaria launched the first podcasts from the "Blockchain from the Block" series, a production made possible in cooperation with the Croatian media website Netokracjia and focused on the Balkan Blockchain scene. The aim is to showcase the potential of blockchain technology and introduce some of the most interesting projects in the region.  LISTEN TO THE EPISODES Spotlight: The World Cryptonomic Forum A blog post featuring the most interesting highlights from the first event in an annual series of events dedicated to the socioeconomic impact of blockchain technology was published. It includes enlightening quotes by some of the experts who participated, as well as a short teaser video. READ ABOUT THE FIRST WCF Content, Tutorials, Contests and More! А number of great content pieces, contests, and tutorials were released in February.  To support æternity's budding community developers ecosystem, the æternity developers launched a series of bi-weekly (once every two weeks) open calls with the community called Public Developers Hangouts. Two blog posts that covered the æpps Summit were shared with the æ community. The first piece included photos, interviews and topics of discussion from the Summit, while the second one focused on æternity's major goal for 2019 - revolutionizing fundraising. A review of the first æ Hub Africa Hackathon was published. Marion, the Director of æternity's Crypto Foundation in Liechtenstein gave a short interview about the non-profit's origins, challenges and goals for 2019. æternity's architect, Michal, shared his views on blockchain tech as well as the challenges of being an Erlang architect in a blog post: Satoshi, Synergy & Self-Sustaining Systems. A guide on running your own Middleware was published. Middleware helps æpps developers get fast access to data coming from the æternity network. The content creators in the community had the chance to "flex their brains" in an writing-contest dedicated to mainstream adoption of blockchain technology. Winners have been announced. The Forum received a face lift in February and its category structure has been significantly improved. A call for ideas for æternity's Manifesto has been opened to the æcosystem. Join the conversation! Securing the Art of Mr. Kone An art project by Mr. Kone was realized with the help of drones and blockchain technology, creating the first Drone Graffiti art-piece. Thank You for Your Ongoing Support!   If you would like to interact with the team or community, please feel free to join one or more of the channels below. Social Media Channels Twitter LinkedIn Facebook Google+ ##aeternity on freenode Blogs, Forums & Chats Medium Forum Reddit Telegram Bitcointalk We are thrilled to have you with us! The æternity team Our mailing address is: info@aeternity.com Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

OneCoin's demise🔥

March 11, 2019

ARCHIVE

QUOTE OF THE DAY

"In five years, if you try to use fiat currency they will laugh at you. Bitcoin and other cryptocurriences will be so relevant … there will be no reason to have the fiat currencies."

- Tim Draper

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MARKET

COIN	PRICE	24H
BTC	$3,898.25	- 1.02%
ETH	$133.35	- 2.38%
XRP	$0.310390	- 0.68%
LTC	$55.43	- 2.70%
EOS	$3.59	- 3.72%

*Information as of 10:30 AM EST

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SCAM

OneCoin's Demise: The Fall of a $3.7 Billion Pyramid Scheme

Since 2016, authorities from around the world have warned investors of fraud from the crypto project OneCoin - a multi-level pyramid marketing scheme based in Bulgaria.

Now, a "top leader" at the project has been arrested at Los Angeles International Airport and charged with wire fraud that could land him up to 20 years behind bars if convicted.

The biggest ever?

The arrest is a big win that will help lead to co-conspirators who defrauded investors of more than an alleged $4 billion from victims - making it one of the largest crypto scams in history.

In crypto's short history, a number of projects have successfully scammed investors. The top 5, ranked by estimated amount stolen, are:

1. OneCoin
2. Pincoin and iFan
3. Bitconnect
4. Centratech
5. Plexcoin

Perhaps the worst aspect of OneCoin was that the scheme didn't even operate with a legitimate blockchain. The dream it sold was loosely pulled together, but still managed to attract innocent funds.

Growing pains

As the industry grew from 2016 to 2019, it inevitably invited some suspicious characters to the space.

In 2018, an estimated $1.7 billion or rather, $4.6 million per day was lost via illicit means, according to analytics firm CipherTrace.

While the growing trend is not expected to continue as the space matures and meets stronger regulation, it's an important reminder that investors must still be hyper-protective of their assets at this point.

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REGULATION

Texas Wants You to Tell Them When You Use Cryptocurrency

A new bill in Texas is set out to make identity verification required when using cryptocurrencies.

Proposed by Republican state representative Phil Stephenson, people receiving cryptocurrencies in a transaction would first have to "verify the identity of the person sending payment."

Exempt if…

This rule would be exempt "if the payment is sent by a verified identity digital currency."

Though the bill doesn't explain what a "verified identity digital currency" is, we can safely assume that private cryptocurrencies are not included in this. Monero (XMR) and ZCash (ZEC) users - that means you.

On the bright side, the bill notes that a number of state agencies will invest resources into spreading awareness and the use of "verified identity digital currencies."

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EXCHANGE

BTCP is Calling Fraud After HitBTC Delisting

Announced over the weekend, Bitcoin Private has sent a legal letter to popular crypto exchange HitBTC after a series of events that resulted in the loss of 58,920 BTCP.

In the letter, the BTCP team claims that HitBTC charged a "$500,000 listing fee" back in May 2018. The fee made BTCP available to investors for trading purposes.

Then, in December 2018, CoinMetrics uncovered an additional 2 million BTCP coins in circulation. To deal with the issue, the development team scheduled a "burn" to delete the extra, unwanted coins.

No help and unprepared

When the coin burn finally happened, HitBTC claimed it was unprepared even after reaching out to BTCP developers for help.

In total, 58,920 BTCP was burned in HitBTC wallets that was supposed to be safeguarded during the event.

Subsequently, HitBTC delisted the coin and has since defended its position against BTCP.

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BITS

But wait, there's more...

• 🇨🇭 Swiss stock exchange SIX is looking to list an XRP-traded product on its platform.
• 🚀 A blockchain-related ETF is launching on the London Stock Exchange today.
• 🤓 "Crypto mom" Hester Peirce has argued that crypto markets should self-regulate whenever possible.

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