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Wednesday 30 September 2020

Twitter’s Dorsey Calls Out Coinbase CEO For Ignoring Users’ ‘Societal Issues’

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Twitter’s CEO and founder Jack Dorsey has tweeted his disapproval of Coinbase’s steering his company away from corporate activism. See also: Coinbase’s New Policy: Anti-Woke or Just a Joke?

via CoinDesk https://www.coindesk.com/twitters-dorsey-calls-out-coinbase-ceo-for-ignoring-users-societal-issues

Data Management Startup Fluree Unlocks $1.5M Air Force Contract With Latest VC Raise

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The Air Force demanded that Fluree raise at least $1.5 million before beginning its blockchain project's second phase.

via CoinDesk https://www.coindesk.com/fluree-air-force-blockchain-contract

Blockchain Bites: Coinbase’s Severance Offer, DeFi’s Latest Fund, Overstock’s Legal Win

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Coinbase will offer non-aligned employees a severance package while Bitcoin backers gain a way to crowdsource development.

via CoinDesk https://www.coindesk.com/blockchain-bites-coinbase-severance-defi-fund

Bitcoin News Roundup for Sept. 30, 2020

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With bitcoin trading in an unusually tight range and DeFi darling SushiSwap suffering shrinkage, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

via CoinDesk https://www.coindesk.com/bitcoin-news-roundup-sept-30

Bitcoin Audible - A Human Rights Response to Bitcoin Critics [Alex Gladstein]

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"Contrary to what the critics would have you believe with all of their scary language about fraud and risk, when I send an on-chain Bitcoin transaction to you, it will get to you, no matter what. There is no point of censorship, seizure, or control." - Alex Gladstein

A great throw back from Alex Gladstein where he makes a response to the old and tired criticisms of Bitcoin. Is it stupid to think we would want to hold our own passwords to our money, or it is a revolutionary new tool in the global quest for human rights and individual freedom? A great response for the next time you come across and ignorant critic, who needs a dose of truth.

Check out the original below! Drop some applause and see his other articles on Medium: https://medium.com/@alexgladstein/a-human-rights-activists-response-to-bitcoin-critics-d50e6760ee80

You can always his the book he helped author all about Bitcoin and the impact it could have on the world, available in paperback and in audiobook read by yours truly at the link below: https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances/dp/1641990503/ref=sr_1_3?dchild=1&keywords=little+Bitcoin+book&qid=1601337759&sr=8-3

And of course a huge thanks to Hexa for supporting the podcast, and our wonderful patrons! Check out Hexa below: Hexawallet.io

Lastly, a thanks to the LTB Network & Bitcoin Magazine for bringing Bitcoin Audible to their amazing audience!



via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/bitcoin-audible-human-rights-response-bitcoin-critics-alex-gladstein

3iQ’s Bitcoin Fund Gets Second Listing of 2020 – This Time on Gibraltar’s Stock Exchange

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The Toronto Stock Exchange also listed The Bitcoin Fund in April of this year.

via CoinDesk https://www.coindesk.com/toronto-listed-bitcoin-fund-second-listing-gibraltar

‘Great Artists Steal’ – What Enterprise Blockchain Can Learn From the Past

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Enterprise blockchain doesn't need to reinvent the wheel: Communications standards in use for decades are built for machine-to-machine commerce.

via CoinDesk https://www.coindesk.com/great-artists-steal-enterprise-blockchain

CBDCs Could Challenge US Dollar’s Dominance: Deutsche Bank

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Central bank digital currencies have the potential to challenge the primacy of the U.S. dollar, according to a new report from Germany's Deutsche Bank.

via CoinDesk https://www.coindesk.com/deutsche-bank-cbdc-report

SEC Orders Salt Lending to Refund Investors in Its $47M ICO

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The SEC has confirmed it is taking action against SALT Lending after ruling the company's $47-million ICO was an illegal securities issuance.

via CoinDesk https://www.coindesk.com/sec-orders-salt-lending-to-refund-investors-in-its-50m-ico

First Mover: Chainlink’s Sorry September Returns Shows DeFi Hysteria Deflating

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Chainlink's LINK has been the worst-performing digital asset in September in the CoinDesk 20, during an ugly month across cryptocurrency markets.

via CoinDesk https://www.coindesk.com/first-mover-chainlinks-september-defi-coindesk-20

Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot

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DeFi on Ethereum is costly and congested. Can other base layers step up? Polkadot's Reef Finance has raised $3.9 million to try.

via CoinDesk https://www.coindesk.com/reef-finance-cross-chain-defi-polkadot

Energy Web Is Starting With Ripple in Its Bid to Make Crypto Provably Green

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The non-profit is teaming up with Ripple and the XRP Foundation to show how blockchain ecosystems can be carbon-neutral.

via CoinDesk https://www.coindesk.com/energy-web-ripple-xrp-foundation-green-carbon-credits

Bitcoin Balances on Exchanges at 2-Year Low and That May Be a Bullish Sign

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Bitcoin balances on major exchanges have hit their lowest point since November 2018. Yet unlike that time, it may be a positive signal.

via Search Results for “Dash” – CoinDesk https://www.coindesk.com/bitcoin-balances-2-year-low-bullish-sign

Bitcoin Options Open Interest Hits Record High in Expiry Week

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Bitcoin's options market is more popular than ever with record open interest of more than $2.10 billion.

via Search Results for “Dash” – CoinDesk https://www.coindesk.com/bitcoin-options-open-interest-record-high-expiry

Uniswap Users Have Claimed $560M-Worth of UNI Tokens in a Week

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Dune Analytics data shows nearly 80% of the current UNI token supply has so far been snapped up by eligible Uniswap wallet addresses.

via Search Results for “Dash” – CoinDesk https://www.coindesk.com/uniswap-users-uni-tokens

Blockchain Commons Internship Introduces New Developers to Open Source

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The Blockchain Commons took on 7 interns this year to build out the organization’s many open-source projects.

via Search Results for “Dash” – CoinDesk https://www.coindesk.com/blockchain-commons-interns-open-source-developers

DeFi ‘Vampire’ SushiSwap Still Hemorrhaging Liquidity

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Uniswap challenger SushiSwap is continue to lose vital liquidity, with total value locked falling by 8% in the past 24 hours.

via CoinDesk https://www.coindesk.com/defi-vampire-sushiswap-still-hemorrhaging-liquidity

Compound, Gauntlet Founders Raise $4M for New DeFi Scout Fund

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Robert Leshner's Robot Ventures has secured $4 million in funding from Galaxy Digital and Paradigm to find early opportunities in DeFi.

via CoinDesk https://www.coindesk.com/robot-ventures-defi-scout-fund-leshner-chitra-novogratz

French Authorities Arrest 29 Suspected of Using Crypto to Fund Extremists in Syria

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Hundreds of thousands of euros may have been supplied through a secret network benefiting al-Qaida-linked extremists in northwestern Syria.

via CoinDesk https://www.coindesk.com/french-authorities-arrest-29-suspected-of-using-crypto-to-fund-extremists-in-syria

Is Reddit’s MOON Token Really 2000x Bigger Than the Global Economy?

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A unique anomaly means the market cap for a token for incentivizing content on a particular Reddit forum has ballooned to $2.88 septillion.

via CoinDesk https://www.coindesk.com/querk-reddit-moon-token-global-economy

SEC Seeks Trial of Swedish National Over Alleged Fraud That Took $3.5M in Crypto

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The man is alleged to have fleeced 2,200 victims in the U.S. and 45 other countries, netting $3.5 million via payments in bitcoin and other digital assets.

via CoinDesk https://www.coindesk.com/sec-seeks-trial-of-swedish-national-over-alleged-fraud-that-took-3-5m-in-crypto

Bilibili Copycat Tried to Save Itself With a $2M Crypto IEO – It Didn’t Work

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A Chinese video streaming copycat service raised $2.1 million via an initial exchange offering in August 2019 – but it appears this last resort wasn’t enough to save the company.

via CoinDesk https://www.coindesk.com/bilibili-copycat-crypto-ieo

BitcoinACKs Lets You Track Bitcoin Development and Pay Coders for Their Work

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BitcoinACKs aggregates pull requests for upgrades to Bitcoin Core and lets users pay for the Bitcoin development they want to see.

via CoinDesk https://www.coindesk.com/bitcoinacks-bitcoin-development-pay-coders

Tuesday 29 September 2020

Coinbase Offers Severance Package to Employees Unsatisfied With ‘Apolitical’ Mission

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Coinbase's CEO has issued a company-wide letter informing employees to get in line with a new cultural shift or take a severance package.

via CoinDesk https://www.coindesk.com/coinbase-severance-apolitical-mission

Better Broadband Will Pave the Way for a ‘Brand New World’

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Self-help guru James Altucher sees a world where we can jump between virtual realities. Will it be a better world? Time will tell.

via CoinDesk https://www.coindesk.com/broadband-brand-new-world

Crypto Co-ops and Game Theory: Why the Internet Must Learn to Collaborate to Survive

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As the internet shifts to the open, decentralized standards of Web 3.0, can we find a balance between competition and cooperation?

via CoinDesk https://www.coindesk.com/crypto-co-ops-game-theory-internet-collaborate

How the Crypto Industry Seesaws Between Assets and Infrastructure

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Bitcoin invented a new asset as well as new infrastructure. Often, we confuse the two roles it plays.

via CoinDesk https://www.coindesk.com/crypto-swings-assets-infrastructure

Blockchain Bites: CZ’s Exclusive Interview, California’s Souped-Up Regulator, Alt Season’s End?

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California beefed up its financial regulator, Bitpanda closed a notable raise and some investors say "alt-season" is over.

via CoinDesk https://www.coindesk.com/blockchain-bites-cz-california

Permission.io Has Quietly Raised $50M to Make Advertising Personal and Data Private

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Permission.io has raised over $50 million to reward users for engaging with ads. Will advertisers buy in?

via CoinDesk https://www.coindesk.com/permission-advertising-personal-data-ownership-private

Bitcoin May Return to Center Stage After Ethereum’s White-Hot Summer

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With the U.S. elections just five weeks away, the crypto market's focus looks to be shifting back to bitcoin from ether.

via CoinDesk https://www.coindesk.com/bitcoin-ethereum-implied-volatility-spread-elections

Bitcoin News Roundup for Sept. 29, 2020

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With bitcoin back in the driver's seat and the Filecoin launch fast approaching, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

via CoinDesk https://www.coindesk.com/bitcoin-news-roundup-sept-29

KuCoin Maintains Wallet Freeze as Hackers Begin Laundering Stolen Crypto

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The exchange's weekend thieves appear to be searching for buyers of their $281 million in stolen crypto.

via CoinDesk https://www.coindesk.com/kucoin-crypto-hack-laundering

Regulated US Exchange Gemini Now Offers Confidential Zcash Withdrawals

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Gemini said adding shielded zcash withdrawals showed regulators could be made to be comfortable with privacy coins.

via CoinDesk https://www.coindesk.com/regulated-us-exchange-gemini-now-offers-confidential-zcash-withdrawals

Investors Flock to India’s DeFi Scene Months After Central Bank Ban Overturned

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DeFi protocols UniLend Finance and PlotX announced Tuesday they had both successfully completed their seed rounds.

via CoinDesk https://www.coindesk.com/investors-india-defi-scene-central-bank-ban

First Mover: Binance CEO Sees Future in DeFi While Bitcoin Volatility Turns Minuscule

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Binance CEO isn't ashamed to discuss DeFi's future – and how the fast-moving arena might represent the future of his industry-leading crypto exchange.

via CoinDesk https://www.coindesk.com/first-mover-binance-ceo-defi-bitcoin-volatility-minuscule

Coda Protocol Changes Name After Trademark Dispute With R3

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O(1) Labs-led lightweight blockchain Coda Protocol said that it is relaunching as “Mina,” following a settlement in a trademark dispute with software maker R3.

via CoinDesk https://www.coindesk.com/coda-protocol-annnouces-name-change-following-r3-trademark-dispute

SEC Won’t Take Action Against Compliance-Focused Digital Security Exchanges

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Digital security exchanges that ensure listed assets are legitimate will not face sanctions, the SEC said in an open letter.

via CoinDesk https://www.coindesk.com/sec-compliance-digital-security-exchanges

Traders Rotate to Bitcoin Expecting a Quiet Q4 for Altcoins

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Some traders anticipate the leading cryptocurrency to significantly outperforming the entire crypto market for at least the next several months.

via CoinDesk https://www.coindesk.com/traders-rotate-bitcoin-price-altcoins

Ethereum 2.0 Developers Launch Spadina, a Three-Day Practice Testnet

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Ethereum testnet Spadina gives developers one more crack at practicing with Eth 2.0’s deposit contract before the real deal arrives.

via CoinDesk https://www.coindesk.com/spadina-ethereum-2-0-testnet

$28M MakerDAO ‘Black Thursday’ Lawsuit Moves to Arbitration

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The class-action alleged the Maker Foundation and others knowingly misrepresented the risks of investment in MakerDAO.

via CoinDesk https://www.coindesk.com/28m-makerdao-class-action-lawsuit-arbitration

Silvergate Bank: How Deep Is the Moat?

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Silvergate Bank has pioneered financial services for crypto startups. But now it faces new rivals. Can it deepen its competitive moat?

via CoinDesk https://www.coindesk.com/silvergate-bank-deep-moat-competition

Relief and Regret: Crypto Twitter Reacts as Coinbase Says No to Corporate Activism

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Brian Armstrong has split crypto down the middle after taking the stance that Coinbase will remain "laser focused" on its mission and keep activism out of the workplace.

via CoinDesk https://www.coindesk.com/crypto-twitter-coinbase-corporate-activism

CoinDesk Live: Can Old Schools Teach New Tech?

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On Oct. 6, we'll reveal the results of our first CoinDesk U ranking of the top-20 universities for blockchain education. Here's how you can watch it live.

via CoinDesk https://www.coindesk.com/coindesk-live-coindesku-blockchain-education-ranking

Binance CEO Says He Fully Expects DeFi to Cannibalize His Crypto Exchange

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Binance CEO “CZ” acknowledges the irony of trying to tap into DeFi while defending his company’s reign among crypto exchanges.

via CoinDesk https://www.coindesk.com/binance-ceo-defi-cannibalize-crypto-exchange

California Governor Signs Law Bringing State ‘New Tools’ to Regulate Crypto

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The now-renamed California department responsible for the regulation of financial services will soon have more powers to supervise the cryptocurrency industry.

via CoinDesk https://www.coindesk.com/california-governor-newsom-law-regulation-crypto

Coinbase Has Drawn a Line in the Sand for Its Activist Employees

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Is Brian Armstrong right to eschew corporate activism for a focus on the "mission"?

via CoinDesk https://www.coindesk.com/coinbase-has-drawn-a-line-in-the-sand-for-its-activist-employees

Monday 28 September 2020

Bitpanda Raises $52M Series A Led by Peter Thiel’s Valar Ventures

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With $100 million raised to date, crypto brokerage Bitpanda will be "Europe's next fintech unicorn," says lead investor Valar Ventures.

via CoinDesk https://www.coindesk.com/bitpanda-series-a-peter-thiel-valar-ventures

WBD261 - Bitcoin: The Great Disruption with Luke Gromen

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In 1971 Nixon announced that the US would sever all ties between the dollar and gold and would no longer convert dollars to gold at a fixed value of $35/oz, putting an end to any remnants of a gold standard and ushering in a new era in finance.

This new system led to decades of excessive risk-taking, cheap credit and questionable incentive structures. In 2008, the new system came crashing down when the US housing bubble burst and in turn, sent the entire world into the worst financial crisis since the great depression.

To manage the economic crash, central banks pushed quantitative easing to stimulate the economy, but now, 12 years later, the world's economy is again teetering on the edge.

The COVID-19 pandemic has highlighted the fragility of the global economy. With decades of currency debasement, investors are turning to scarce assets such as gold and Bitcoin to hedge the risk of inflation.

In this interview, I talk to macroeconomist and founder of FFTT, LLC Luke Gromen. We discuss the current macroeconomic climate, how the system that has been in place for the last 50 years is coming to an end and why we need Bitcoin.



via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/wbd261-bitcoin-the-great-disruption-with-luke-gromen

Market Wrap: Bitcoin Hits $10.9K; Ether Options Signal Short-Term Volatility

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Bitcoin prices approached $11,000 in early trading Monday as the ether options signal short-term gyrations.

via CoinDesk https://www.coindesk.com/market-wrap-bitcoin-hits-ether-options-volatility

The Standard About to Revolutionize Payments

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Changing the standard way financial institutions communicate changes everything.

via CoinDesk https://www.coindesk.com/the-standard-about-to-revolutionize-payments

Why Bitcoin’s Longest Run Above $10,000 Matters

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Bitcoin has been above $10,000 for even longer than the record 2017-18 run, giving confidence to long term HODLers in the process.

via CoinDesk https://www.coindesk.com/why-bitcoins-longest-run-above-10000-matters

Crypto Is Too Dependent on Dollars

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With most stablecoins pegged to dollars, the crypto industry is wedded to a single currency with uncertain prospects. Time to diversify.

via CoinDesk https://www.coindesk.com/crypto-is-too-dependent-on-dollars

Ocean Protocol Forks to Retrieve Tokens Stolen From KuCoin Exchange

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On Sunday, Ocean Protocol conducted a hard fork from its old token address to prevent the KuCoin exchange hacker from continued unloading of stolen OCEAN tokens on decentralized exchange Uniswap.

via CoinDesk https://www.coindesk.com/ocean-protocol-hard-fork-freezes-funds-kucoin-hack

Bitcoin News Roundup for Sept. 28, 2020

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With bitcoin's record-breaking run above $10,000 and Twitter talking blockchain strategy, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

via CoinDesk https://www.coindesk.com/bitcoin-news-roundup-for-sept-28-2020

Blockchain Bites: DeFi Meets NFTs, TSLA Beats Bitcoin in Volatility, Uniswap Breaks $2B

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Bitcoin is moving off exchanges, has been less volatile than TLSA and broke its record for longest streak trading above five figures.

via CoinDesk https://www.coindesk.com/defi-nft-tsla-beats-bitcoin-volatility-uniswap-breaks-2b

The Delphi Podcast - Thorchain's Cross-Chain Liquidity Pools Will Revolutionize Value Transfer

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Chain Reaction Hosts Tom Shaughnessy and Yan Liberman are joined by Chad Barraford of Thorchain. The three discuss the genesis of Thorchain, why cross-chain liquidity pools will revolutionize value transfer, and why RUNE's token econ makes sense long term vs quick yield farming plays.



via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/the-delphi-podcast-thorchain-cross-chain-liquidity-pools-will-revolutionize-value-transfer

Filecoin Confirms Long-Awaited Mainnet Launch for Next Month

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Three years after its $257 million ICO, decentralized data storage provider Filecoin has said mainnet will go live in mid-October.

via CoinDesk https://www.coindesk.com/filecoin-mainnet-launch

CFTC Charges Firm With Illegally Providing Leveraged Trading of Crypto, Gold

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A Caribbean firm is in hot water with the CFTC for allegedly allowing U.S. retail investors to partake in leveraged trading of cryptocurrencies and precious metals.

via CoinDesk https://www.coindesk.com/cftc-paxforex-leverage-trading-crypto-gold

CoinFlip Launches Bitcoin-Enabled Gift Card Marketplace

https://ift.tt/12L05rn

This is a promoted article provided by CoinFlip.

Despite the progress that Bitcoin has made since its inception in filling the cavernous gaps in the financial system and providing relief to the world’s underbanked, there are some areas where more growth is still desperately needed.

But now, with a new service in addition to its legacy offerings, CoinFlip is addressing those areas of need on two fronts.

CoinFlip already operated some 950 Bitcoin ATMs across the country, offering one of the most friction-free and critical entry points to BTC for those who are underserved by legacy financial institutions. Users can accrue BTC from CoinFlip’s machines with as little as a bitcoin wallet, mobile phone number, name and whatever fiat cash they want to invest.

Bitcoin ATMs like CoinFlip’s are one of the most critical ways that people around the world are accessing Bitcoin. And, to complement this service, CoinFlip is now also offering the sale of gift cards at major retailers in exchange for BTC through a partnership with eGifter. So, not only can more underbanked people now invest in BTC through CoinFlip, but they can exchange that BTC for goods and services as well.

“CoinFlip is always looking to bring new crypto services to our customer base, which is primarily retail investors and people who are underserved by financial institutions,” explained Dustin Wei, CoinFlip’s head of business development. “Gift cards are a great way for our customers to actually spend their bitcoin at the merchants that they choose. CoinFlip offers several different ways to buy bitcoin, but this is the first time that we are offering a way for people to spend it.”

Though the ultimate objective for BTC would be to serve as truly digital cash, which can be spent anywhere for any kind of good or service, the adoption of Bitcoin has not yet reached this point. In the meantime, using gift cards as a bridge between bitcoin and the vast majority of retailers is a popular solution that is helping to prove this use case.

“Bitcoin’s ultimate goal is to become a currency,” Wei said. “Today, bitcoin is still not widely accepted so gift cards are a great indirect way to actually spend bitcoin and other cryptocurrencies. We hope that bitcoin will one day be used as a direct currency for goods and services.”

Through the new marketplace, CoinFlip is offering gift cards to dozens of major retailers, including Adidas, the Apple App Store, Target and more. It’s currently available through CoinFlip’s website, but soon the gift cards will be integrated into its Bitcoin ATMs, giving users another way of converting their fiat and giving the ATM operators additional foot traffic.

All told, this new marketplace will be another critical inroad from a group that is dedicated to putting bitcoin in the hands of those who need it most, and propelling this technology into its inevitable future.

“We hope that with this gift card marketplace, our user base made of retail investors and financially underserved users realize that bitcoin is more than just an investment vehicle,” Wei said. “Cryptocurrency adoption happens when people realize it’s the best way to both store value and transact, and this is the first step in making that happen. We believe that eventually, merchants will directly accept bitcoin as they see an exponential amount of users use gift cards purchased with crypto.”

The post CoinFlip Launches Bitcoin-Enabled Gift Card Marketplace appeared first on Bitcoin Magazine.



via Bitcoin Magazine https://bitcoinmagazine.com/articles/coinflip-launches-bitcoin-enabled-gift-card-marketplace?utm_source=rss&utm_medium=rss&utm_campaign=coinflip-launches-bitcoin-enabled-gift-card-marketplace

Bitcoin Miner Producer Ebang Blames Coronavirus for 50% Slump in Revenue

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Nasdaq-listed bitcoin miner manufacturer Ebang said the pandemic had disrupted its supply chain and led to a significant drop in revenue.

via CoinDesk https://www.coindesk.com/bitcoin-miner-ebang-coronavirus-revenue

The Inevitable Marriage of Yield Farming and NFTs, Explained

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NFTs had managed to be expensive but they had not managed to be liquid – not until DeFi-thinking intervened.

via CoinDesk https://www.coindesk.com/nfts-yield-farming-defi-buzz-explained

First Mover: Bitcoin Low Exchange Balances Looks Bullish, But Chart Looks Bearish as $11K Nears

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Bitcoin balances on exchanges hit 2-year low, seen as a bullish sign that traders are holding for the long term, or tokenizing for use in DeFi.

via CoinDesk https://www.coindesk.com/first-mover-bitcoin-exchange-balances-bullish-kucoin-11k

Bitcoin Has Been Less Volatile Than Tesla Stock for Months

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Bitcoin is often criticized for being over volatile, but it's been a sea of calm compared with Tesla stock in recent months.

via CoinDesk https://www.coindesk.com/bitcoin-tesla-volatility

Bitwise Bitcoin Fund Doubles to $9M as Investor Fears Grow Over Runaway Inflation

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Record fiscal stimulus has pushed wealthy investors to invest in Bitwise's bitcoin fund as a means to hedge against inflation.

via CoinDesk https://www.coindesk.com/bitwise-bitcoin-fund-inflation

EY Releases Enterprise Procurement Solution on Ethereum Blockchain

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The consultancy giant has released a new solution aimed to streamline enterprise resource planning on the public Ethereum blockchain.

via CoinDesk https://www.coindesk.com/ey-enterprise-procurement-ethereum-blockchain

$2B Locked: Uniswap Now Bigger Than Entire DeFi Industry Just Two Months Ago

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After passing $2 billion in locked assets, there's now more value in Uniswap than there was in the entire DeFi space on July 9.

via CoinDesk https://www.coindesk.com/2b-locked-uniswap-now-bigger-than-entire-defi-industry-just-two-months-ago

Bitfinex Launches Tether-Settled Perpetual Contracts Based on European Equities

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The perpetual contracts will be open for trading 24/7, unlike equity exchanges which are open for business for a limited number of hours, five days a week.

via CoinDesk https://www.coindesk.com/bitfinex-tether-perpetual-contracts-european-equities-dax-stoxx

Bitcoin Balances on Exchanges at 2-Year Low and That May Be a Bullish Sign

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Bitcoin balances on major exchanges have hit their lowest point since November 2018. Yet unlike that time, it may be a positive signal.

via CoinDesk https://www.coindesk.com/bitcoin-balances-2-year-low-bullish-sign

Sunday 27 September 2020

Crypto Long & Short: The OCC’s Stablecoin Statement Is a Seed of Financial Innovation

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Noelle Acheson talks about how the latest OCC statement that says banks can support stablecoin reserves is an innovation trigger in disguise.

via CoinDesk https://www.coindesk.com/stablecoin-statement-innovation-trigger

Bitcoin Sets Record 63 Straight Days Closing Above $10,000

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Bitcoin has closed above $10,000 since July 27.

via CoinDesk https://www.coindesk.com/bitcoin-price-record-63-days-above-ten-thousand

The 51% Attack Nightmare Scenario (Isn’t That Bad)

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An accessible, in-depth look at what's really at risk when Proof-of-Work or Proof-of-Stake blockchains suffer the dreaded 51% attack.

via CoinDesk https://www.coindesk.com/51-percent-attack-explained-podcast

Coinbase is a mission focused company

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There have been a lot of difficult events in the world this year: a global pandemic, shelter in place, social unrest, widespread protests and riots, and west coast wildfires. There seems to be additional bad news every day, including recent events regarding Breonna Taylor. On top of that we have a contentious U.S. election on the horizon.

Everyone is asking the question about how companies should engage in broader societal issues during these difficult times, while keeping their teams united and focused on the mission. Coinbase has had its own challenges here, including employee walkouts. I decided to share publicly how I’m addressing this in case it helps others navigate a path through these challenging times.

In short, I want Coinbase to be laser focused on achieving its mission, because I believe that this is the way that we can have the biggest impact on the world. We will do this by playing as a championship team, focus on building, and being transparent about what our mission is and isn’t.

Play as a championship team

During difficult times I think it’s important to go back to the guideposts we’ve established, like our culture doc, mission, and values.

One of the tenets of the Coinbase culture doc is to play like a championship team. What does this mean?

  • Be company first: We act as #OneCoinbase, putting the company’s goals ahead of any particular team or individual goals.
  • Act in service of the greater mission: We have united as a team to try and accomplish something that none of us could have done on our own.
  • Default to trust: We assume positive intent amongst our teammates, and assume ignorance over malice. We have each other’s backs.
  • Focus on what unites us, not what divides us: We help create a sense of cohesion and unity, by focusing on what we have in common, not where we disagree, especially when it’s unrelated to our work.
  • Sustained high performance: As compared to a family, where everyone is included regardless of performance, a championship team makes a concerted effort to raise the bar on talent, including changing out team members when needed.

Through this lens, we start to have a glimpse of a solution. A championship team wants to win, and every teammate is willing to make sacrifices to achieve that. They have each other’s back, and focus relentlessly on the long term goal, avoiding distractions.

Focus on building

There are many places that a company can choose to allocate its limited time and resources. There is never enough time to do everything, so companies need to choose what change they want to see in the world and focus there. It can take decades to move the needle on large global challenges.

At Coinbase, we say that we are focused on building. What does this mean? It means we are going to focus on being the best company we can be, and making progress toward our mission, as compared to broader societal issues.

We focus on the things that help us achieve our mission:

  • Build great products: The vast majority of the impact we have will be from the products we create, which are used by millions of people.
  • Source amazing talent: We create job opportunities for top people, including those from underrepresented backgrounds who don’t have equal access to opportunities, with things like diverse slates (Rooney rule) on senior hires, and casting a wide net to find top talent.
  • Fair talent practices: We work to reduce unconscious bias in interviews, using things like structured interviews, and ensure fair practices in how we pay and promote. We have a pay for performance culture, which means that your rewards and promotions are linked to your overall contribution to the mission and company goals.
  • Enable belonging for everyone: We work to create an environment where everyone is welcome and can do their best work, regardless of background, sexual orientation, race, gender, age, etc.

We focus minimally on causes not directly related to the mission:

  • Policy decisions: If there is a bill introduced around crypto, we may engage here, but we normally wouldn’t engage in policy decisions around healthcare or education for example.
  • Non-profit work: We will do some work here with our Pledge 1% program and GiveCrypto.org, but this is about 1% of our efforts. We are a for-profit business. When we make profit, we can use that to hire more great people, and build even more. We shouldn’t ever shy away from making profit, because with more resources we can have a greater impact on the world.
  • Broader societal issues: We don’t engage here when issues are unrelated to our core mission, because we believe impact only comes with focus.
  • Political causes: We don’t advocate for any particular causes or candidates internally that are unrelated to our mission, because it is a distraction from our mission. Even if we all agree something is a problem, we may not all agree on the solution.

Of course, there are exceptions here around internal employment matters, whistleblowing, etc. And we want all employees to feel safe disagreeing on the work itself. Candor and debate are core to a healthy team, where it is safe to disagree. We consider these to be related to our mission.

Why are we mission focused?

It has become common for Silicon Valley companies to engage in a wide variety of social activism, even those unrelated to what the company does, and there are certainly employees who really want this in the company they work for. So why have we decided to take a different approach?

The reason is that while I think these efforts are well intentioned, they have the potential to destroy a lot of value at most companies, both by being a distraction, and by creating internal division. We’ve seen what internal strife at companies like Google and Facebook can do to productivity, and there are many smaller companies who have had their own challenges here. I believe most employees don’t want to work in these divisive environments. They want to work on a winning team that is united and making progress toward an important mission. They want to be respected at work, have a welcoming environment where they can contribute, and have growth opportunities. They want the workplace to be a refuge from the division that is increasingly present in the world.

Change happens in the world only when a smart, talented, group of people come together to focus on a hard problem for a decade or more. Many companies never stand the test of time, because they decide to dabble in unrelated efforts, and distract and divide their workforce in the process. Paradoxically, by being laser focused on our mission, we will likely have an even greater impact on the world, through our products and growing customer base.

Lastly, it would go against our principles of inclusion and belonging to be more of an activist company on issues outside of our core mission. We have people with many different backgrounds and viewpoints at Coinbase, and even if we all agree that something is a problem, we may not agree on how to actually go solve it. This is where there is a blurry line between moral statements and politics. We could use our work day debating what to do about various unrelated challenges in the world, but that would not be in service of the company or our own interests as employees and shareholders.

What is the scope of our mission?

Coinbase’s mission is to create an open financial system for the world. This means we want to use cryptocurrency to bring economic freedom to people all over the world. This is difficult and important work, and every employee at Coinbase signed up because they are excited about this mission.

Economic freedom is unevenly distributed around the world.

I realized at some point this year that many employees were interpreting our mission in different ways. Some people interpreted the mission more broadly, to include all forms of equality and justice. It makes sense if you believe that economic freedom is not possible without equality for all people. Others interpreted the mission more narrowly, believing that we were trying to create infrastructure for the cryptoeconomy, and that yes, this would create more equality of access for all people, but we weren’t trying to solve all forms of inequality in the world.

The narrower interpretation is how I intended the mission to be understood. I don’t think companies can succeed trying to do everything. Creating an open financial system for the world is already a hugely ambitious mission, and we could easily spend the next decade or two trying to move the needle on global economic freedom. We will keep building the most trusted and easy to use financial products that help people access the cryptoeconomy, so everyone can get the benefits of this new technology and we can bring more economic freedom to the world.

A clear agreement

At the Q3 all hands meeting this past week, I shared with the company the above clarification of our culture and mission. These types of clarifications are needed periodically, as almost every year there will be some sort of event which tests the culture. My goal is to create clarity for all employees going forward about how we’re going to operate. I suspect the vast majority of people will be excited to proceed in this direction — after all, the mission is what we all signed up for and is what Coinbase is uniquely positioned to achieve as a company. But for some employees, working at an activism focused company may be core to what they want, and we want to prompt that conversation with their manager to help them get to a better place. Life is too short to work somewhere that you aren’t excited about, and we’re happy to make that a win-win conversation.

We’ve clarified this new agreement in some new internal communication guidelines that we published in the last month, but in summary it says:

We won’t:

  • Discuss causes or political candidates internally when unrelated to our mission
  • Expect the company to represent our personal beliefs externally
  • Assume negative intent, or not have each others back
  • Take on activism outside of our core mission at work

We will:

  • Fight to get on the same page when we have differences
  • Support each other, and create team cohesion
  • Assume positive intent
  • Put the company goals ahead of our teams or individual goals
  • Make Coinbase a welcoming place for people of all backgrounds

Of course, employees should always feel free to advocate around issues of pay, conditions of employment, or violations of law, for instance. Hopefully the above sets some clear guidelines.

Conclusion

These are difficult times, and every CEO I know is trying to figure out how to lead through it.

I recognize that our approach is not for everyone, and may be controversial. I know that many people may not agree, and some employees may resign. I also know that some of what I’ve written above will be misinterpreted, whether accidentally or on purpose. But I believe it’s the right approach for Coinbase that will set us up for success long term, and I would rather be honest and transparent about that than equivocate and work in a company that is not aligned.

We need to do a better job of being authentic about who we are, and hopefully this blog post is a first step in that direction. We are an intense culture and we are an apolitical culture. We’re also committed to making Coinbase a place that creates incredible job opportunities and a welcoming environment for people of every age, race, gender, sexual orientation, etc.

With a strong, united culture, we can build a company that changes the world. At Coinbase, that culture means staying focused on our mission and being the best company we can be. I believe this is how we will have the greatest impact. With this clarity, hopefully everyone can make an informed decision and we can move forward as #OneCoinbase.

If you want to work at a company like this, please check out our careers page.


Coinbase is a mission focused company was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



via The Coinbase Blog - Medium https://blog.coinbase.com/coinbase-is-a-mission-focused-company-af882df8804?source=rss----c114225aeaf7---4

The Biggest Story in Crypto: The Stablecoin Surge and Power Politics

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Nic Carter appears on our new Opinionated podcast to discuss the $20 billion stablecoin phenomenon and its implications for the global financial system.

via CoinDesk https://www.coindesk.com/nic-carter-crypto-stablecoins-politics

Understanding the Coming Currency Cold War

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Will the future of currency be led by the U.S., China, Bitcoin, or some combination we can barely imagine today?

via CoinDesk https://www.coindesk.com/coming-currency-cold-war

Saturday 26 September 2020

The One-Way ETH ‘Burn’ That Will Kick-Start Ethereum 2.0

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With final preparations for the launch of Ethereum 2.0 soon to be underway, CoinDesk's Christine Kim spoke with Developers Raul Jordan and Eduardo Antuña Díez about what's left to do and what comes next.

via CoinDesk https://www.coindesk.com/one-way-eth-burn-kick-start-ethereum-2-0-pos

Why the Stock Market is Poised for Its Worst September Since 2011

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Last week saw the third-biggest outflow from stock funds in history, and the dollar is the strongest it’s been since April. Here’s what’s going on.

via CoinDesk https://www.coindesk.com/why-stock-market-worst-september

Hackers Drain KuCoin Crypto Exchange’s Funds

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Kucoin, a Singaporean cryptocurrency exchange, disclosed that it was hacked and plans on reimbursing customers whose funds were stolen.

via CoinDesk https://www.coindesk.com/hackers-drain-kucoin-crypto-exchanges-funds

Friday 25 September 2020

The Bahamas Reveal Details, October Date of Landmark Central Bank Digital Currency Debut

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The Bahamas has unveiled key details powering its historic launch of a central bank digital currency, now slated to debut on October 20.

via CoinDesk https://www.coindesk.com/the-bahamas-reveal-october-date-for-landmark-central-bank-currency-debut

This Entrepreneur Was SIM Swapped So Often, He Started a Company to Fight It

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Efani’s solution to SIM swapping? Make it so difficult to make changes to a cell phone account that an attack is virtually impossible.

via CoinDesk https://www.coindesk.com/this-entrepreneur-was-sim-swapped-so-often-he-started-a-company-to-fight-it

New Blockchain Program Aims to Counter Fake Viewer Data, Scam Ads

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he platform targeted at combating scams advertised in video ads deploys a combination of Theta’s blockchain, Google’s BigQuery solution and Chainlink’s oracles.

via CoinDesk https://www.coindesk.com/theta-partners-with-chainlink-to-help-combat-video-ad-scams

Bitcoin News Roundup for Sept. 25, 2020

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With bitcoin's best day in two months and a surprisingly positive report out of Chinese state media, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

via CoinDesk https://www.coindesk.com/bitcoin-news-roundup-for-sept-25-2020

ICO SoluTech to Cease and Desist Under Terms of SEC Settlement; Co-Founder Fined

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SoluTech, which violated securities laws and misrepresented its revenue during the token sale, now must destroy all its tokens.

via CoinDesk https://www.coindesk.com/ico-solutech-to-cease-and-desist-under-terms-of-sec-settlement-co-founder-fined

On-Chain Data Suggests Ether Investors Bought September Dip

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Ether's recent price drop has failed to deter investors from accumulating the cryptocurrency, on-chain data indicates.

via CoinDesk https://www.coindesk.com/ether-investors-bought-september-dip

Money Reimagined: Memes Mean Money

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Sushi. Yams. Hot dogs. DeFi memes may be a joke, but they point to how money is always created: community storytelling. Plus: a new podcast.

via CoinDesk https://www.coindesk.com/money-reimagined-memes-mean-money

Jack Dorsey Details Twitter’s Blockchain Strategy at Oslo Freedom Forum

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Jack Dorsey said the nonprofit Blue Sky will use blockchain to create an open Twitter protocol and give people more control over their data.

via CoinDesk https://www.coindesk.com/jack-dorsey-twitter-blockchain-strategy-oslo-freedom-forum

Pantera Capital Crypto Funds Report 100% Returns Amid DeFi Craze

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Investments in decentralized finance (DeFi) drove returns exceeding 100% this year to Pantera Capital’s bitcoin index and altcoin hedge funds.

via CoinDesk https://www.coindesk.com/pantera-capital-crypto-funds-report-100-returns-amid-defi-craze

Hong Kong Reportedly Picks ConsenSys for Digital Currency Pilot Project

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The Ethereum venture studio said it will work on implementing Hong Kong and Thailand's cross-border CBDC.

via CoinDesk https://www.coindesk.com/consensys-hong-kong-cbdc-pilot

Bitcoin’s Bearish September Has Kneecapped Crypto ETP Activity: Report

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Bitcoin's price woes this month likely put investors off from purchasing crypto ETPs, pushing volumes into a nosedive.

via CoinDesk https://www.coindesk.com/bitcoin-etp-bearish-crypto-derivative-volumes

MicroBT Sets Up First Offshore Bitcoin Miner Factory to Expand US Market Share

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The new Southeast Asian facility will mean U.S. buyers won't have to pay an additional 25% tax on miner orders.

via CoinDesk https://www.coindesk.com/microbt-sets-up-first-offshore-bitcoin-miner-factory-to-expand-us-market-share

First Mover: Tron’s Play for WBTC Shows Competition to Relieve Ethereum Congestion

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Competition builds in market for tokenized bitcoin, used to get extra profit off holdings of the cryptocurrency recently denigrated as a "pet rock."

via CoinDesk https://www.coindesk.com/first-mover-tron-wbtc-ethereum-congestion

Up 5%: Bitcoin Sees Biggest Single-Day Price Gain for 2 Months

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Bitcoin is eyeing a bull revival above the psychological resistance of $11,000, but a strengthening dollar could put a spanner in the works.

via CoinDesk https://www.coindesk.com/up-5-bitcoin-sees-biggest-single-day-price-gain-for-2-months

How We Short Capitalism – And Finance the Revolution

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In the post-capitalist future, human beings will collaborate, communicate and create using the radically decentralized tools.

via CoinDesk https://www.coindesk.com/post-capitalist-revolution-tokenized

OneCoin Investors Allege BNY Mellon Aided $4B Fraud

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Following the publication of the FinCEN Files on Monday, investors suing OneCoin have now filed charges against BNY Mellon.

via CoinDesk https://www.coindesk.com/onecoin-investors-charges-bny-mellon

OCC’s First Issued Guidance for Stablecoins Brings More Questions

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For some, the OCC's recent stablecoin guidance, while helpful, raises as many issues as it clarifies.

via CoinDesk https://www.coindesk.com/questions-occ-first-guidance-stablecoins

Russian Web Censor Tells Binance It’s Been Blacklisted – Three Months Late

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Roskomnadzor blacklisted Binance in June, but apparently only made the cryptocurrency exchange aware of its decision today.

via CoinDesk https://www.coindesk.com/russian-web-censor-tells-binance-its-been-blacklisted-three-months-late

China State Media Make Rare Reports Calling Crypto 2020’s Best Performing Asset

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Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year's top performing investment.

via CoinDesk https://www.coindesk.com/china-crypto-best-performing-asset

IRS Will Make It Harder to Avoid Declaring Crypto on Tax Returns

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The Internal Revenue Service plans to make all income tax payers check a box indicating whether they have transacted in crypto over 2020.

via CoinDesk https://www.coindesk.com/irs-to-make-it-harder-to-avoid-declaring-crypto-on-tax-returns

Ant Launches Business Trade Blockchain in Run-Up to $35B IPO

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The launch of the cross-border trade blockchain comes as Ant stokes up enthusiasm for its public offering – set to be the largest on record.

via CoinDesk https://www.coindesk.com/ant-business-trade-blockchain

Visa-Owned Plaid Has a Hidden Passion for DeFi

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Fintech enabler Plaid is quietly working with at least two decentralized finance (DeFi) startups.

via CoinDesk https://www.coindesk.com/visa-owned-plaid-has-a-hidden-passion-for-defi

Fed Reserve Governor Brainard Said to Be Biden’s Choice for Treasury Secretary

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Lael Brainard, who has been involved with the Fed's efforts to research a digital dollar, is seen as an ideal choice, Bloomberg sources said.

via CoinDesk https://www.coindesk.com/fed-reserve-governor-brainard-said-to-be-bidens-choice-for-treasury-secretary

Thursday 24 September 2020

Stablecoins Hit $20B Milestone, a Nearly 300% Year-to-Date Surge

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The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets amid the coronavirus pandemic.

via CoinDesk https://www.coindesk.com/stablecoins-asset-value-20-billion

A New Bill Proposes to Put US Crypto Exchanges Under a National Framework

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The Digital Commodity Exchange Act would bring crypto exchanges into a single federal framework, overseen by the Commodity Futures Trading Commission.

via CoinDesk https://www.coindesk.com/conaway-digital-commodity-bill

Bitcoin News Roundup for Sept. 24, 2020

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With bitcoin markets looking weak alongside a strengthening dollar, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

via CoinDesk https://www.coindesk.com/bitcoin-news-roundup-for-sept-24-2020

Bitcoin Options Open Interest Hits Record High in Expiry Week

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Bitcoin's options market is more popular than ever with record open interest of more than $2.10 billion.

via CoinDesk https://www.coindesk.com/bitcoin-options-open-interest-record-high-expiry

Blockchain Bites: MakerDAO’s Do or Dai Moment, Bitcoin in Africa, Dollar Trends Up

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MakerDAO has voted not to compensate victims of the "Black Thursday" flash crash, a former Pantera partner is launching a new crypto-focused fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.

via CoinDesk https://www.coindesk.com/blockchain-bites-makerdao-bitcoin-africa-dollar

How Small Business Can Achieve ‘Economies of Scale’ by 2030

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Blockchain tech will allow small businesses to collaborate as never before, reducing the power of big business to dictate terms.

via CoinDesk https://www.coindesk.com/business-competition-2030

BitGo Is Bringing DeFi-Friendly Wrapped Bitcoin to the Tron Blockchain

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The partnership will bring BitGo’s wrapped bitcoin (WBTC) into the Tron ecosystem as a TRC-20 token.

via CoinDesk https://www.coindesk.com/bitgo-is-bringing-defi-friendly-wrapped-bitcoin-to-the-tron-blockchain

CoinDesk Reporters Discuss FinCEN Files, Venezuela’s Stablecoin Flop and More

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From the CoinDesk Global Macro news desk, this is Borderless - A twice-monthly roundup of the most important stories impacting bitcoin and the crypto sector from around the world.

via CoinDesk https://www.coindesk.com/coindesk-reporters-discuss-fincen-files-venezuelas-stablecoin-flop-and-more

Uniswap Users Have Claimed $560M-Worth of UNI Tokens in a Week

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Dune Analytics data shows nearly 80% of the current UNI token supply has so far been snapped up by eligible Uniswap wallet addresses.

via CoinDesk https://www.coindesk.com/uniswap-users-uni-tokens

Climate Startup Nori Raises $4M to Solve Carbon Market Double-Spending

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Nori has been funded to build a blockchain-based market for carbon credits that will start by paying farmers to remove CO2 from the atmosphere.

via CoinDesk https://www.coindesk.com/nori-blockchain-carbon-credits-funding-round

Climate Startup Nori Raises $4M to Solve Carbon Market Double-Spending

https://ift.tt/eA8V8J

Nori has been funded to build a blockchain-based market for carbon credits that will start by paying farmers to remove CO2 from the atmosphere.

via CoinDesk https://www.coindesk.com/nori-blockchain-carbon-credits-funding-round

Read CoinDesk’s New, Expanded Ethics Policy

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As part of our ongoing efforts to be maximally transparent and accountable to readers, CoinDesk has substantially updated and expanded its ethics policy.

via CoinDesk https://www.coindesk.com/coindesk-ethics-policy

EU Proposes Full Regulatory Framework for Cryptocurrencies

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The European Commission has formally proposed legislation that will provide a comprehensive regulatory regime for cryptocurrencies.

via CoinDesk https://www.coindesk.com/eu-proposes-full-regulatory-framework-for-cryptocurrencies

Russian Ministry Wants Citizens to Report Their Crypto Wallet Details: Report

https://ift.tt/eA8V8J

The Ministry of Finance is seeking amendments to the law that would force cryptocurrency users to report wallet balances and large transactions to the tax authorities.

via CoinDesk https://www.coindesk.com/russian-ministry-wants-citizens-to-report-their-crypto-wallet-details-report

First Mover: Federal Reserve, Congress Play Game of Chicken Over Stimulus as Market Lurches

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Markets from stocks to bitcoin have groaned amid dimming prospects for more U.S. stimulus, and neither Congress nor the Fed are taking the lead.

via CoinDesk https://www.coindesk.com/first-mover-fed-congress-chicken-stimulus

Ex-Pantera Partner’s New Crypto Fund Is ‘Not for the Faint of Heart’

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Paul Brodsky is helming a new crypto investment firm called PostModern Partners that bets on volatile digital assets, not bitcoin.

via CoinDesk https://www.coindesk.com/paul-brodsky-postmodern-partners

Different Cars, Same Radio Presets: Daimler Blockchain Venture Lets Settings Follow Users

https://ift.tt/eA8V8J

Focused around digital identity and data, Ontology announced on Thursday it has partnered with automaker Daimler AG to build blockchain-enabled mobility solutions.

via CoinDesk https://www.coindesk.com/daimler-blockchain-venture-lets-settings-follow-users

Strengthening US Dollar Could Bring Further Downside for Bitcoin

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With the U.S. dollar eyeing a pre-election recovery, the path of least resistance for bitcoin may be to the downside.

via CoinDesk https://www.coindesk.com/us-dollar-downside-bitcoin-price

Bitcoin in Africa: FastBitcoins Partners With Flexepin to Expand Global Footprint

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FastBitcoins has partnered with ASX-listed Flexepin to bring the U.K.-based crypto company's services to 20,000 more locations.

via CoinDesk https://www.coindesk.com/fastbitcoins-flexepin-partnership-bitcoin-in-africa

Crypto Companies Are Lining Up to Work With Us, Says Visa Exec

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A growing force in the crypto space, Visa says it's getting more and more industry firms interested in payments partnerships.

via CoinDesk https://www.coindesk.com/visa-significant-interest-crypto-companies

World’s Biggest Meat Processor to Tackle Amazon Deforestation Using Blockchain Tech

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JBS S.A. aims to track all of its cattle suppliers on a blockchain system by 2025.

via CoinDesk https://www.coindesk.com/worlds-biggest-meat-processor-to-tackle-amazon-deforestation-using-blockchain-tech

Iran Is Ripe for Bitcoin Adoption, Even as Government Clamps Down on Mining

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Iran is regulating bitcoin mining with an iron fist. But as U.S. sanctions and the pandemic put pressure on the economy, Iranians are seriously considering bitcoin as an alternative to the falling rial.

via CoinDesk https://www.coindesk.com/iran-is-ripe-for-bitcoin-adoption-even-as-government-clamps-down-on-mining

Ocean Protocol and Balancer Want to Do for Data What Uniswap Did for Coins

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Ocean Protocol is teaming up with Balancer Labs to create the first automated market maker (AMM) for data.

via CoinDesk https://www.coindesk.com/ocean-protocol-balancer-labs-amm-data-marketplace

Wednesday 23 September 2020

Gemini Adds British Pound to Accepted Fiats in UK After Registration With Watchdog

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Cryptocurrency exchange and custodian Gemini announced on Thursday that its UK users, individual and institutional, will now be able to trade and store crypto using the Pound sterling (GBP).

via CoinDesk https://www.coindesk.com/gemini-adds-british-pound-to-accepted-fiats-in-uk

Market Wrap: Bitcoin Drops to $10.2K; Scaling Solution xDai Doubles in Value Locked

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Bitcoin price dipped Wednesday while investors park crypto in Ethereum sidechain stablecoin xDai.

via CoinDesk https://www.coindesk.com/market-wrap-bitcoin-drop-xdai-doubles-value-locked

Coinbase Hires Executives From Venmo, Adobe and Google

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Cryptocurrency exchange and wallet platform Coinbase announced on Wednesday it has hired three new executives to serve as VPs for Product, Engineering, and Design & Research.

via CoinDesk https://www.coindesk.com/coinbase-hires-execs-from-venmo-adobe-google

Violent Reflexivity: Why Market Movements Are More Aggressive Than Ever, Feat. Corey Hoffstein

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How the Fed and the rise of passive investing and volatility strategies have combined to make market movements faster and more severe.

via CoinDesk https://www.coindesk.com/violent-market-volatility-explainer

Welcoming three new senior leaders to Coinbase

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By Surojit Chatterjee, Chief Product Officer

In order to scale our business and fulfill our vision of increasing economic freedom in the world, we need the ability to do more with our resources. That’s why we’re creating a new Platforms team across our Product and Engineering orgs, and have hired two exceptional leaders for this new team. Shilpa Dhar joins Coinbase as VP of Product and Ravi Byakod is joining as VP of Engineering. In leading the new Platforms team, Shilpa and Ravi will help us focus on creating strong, scalable, and compliant infrastructure that can keep up with the growing cryptoeconomy.

Shilpa joins Coinbase from Venmo, where she served as Head of Product. Before that, she spent over a decade at PayPal where she led teams including Nextgen Commerce, Identity, Global Customer Onboarding and User Platforms.

Ravi joins Coinbase from Adobe, where he managed development and operations for their commerce platform. Ravi previously held senior engineering leadership positions at StubHub, eBay, Flipkart, and Google, where he worked for more than a decade.

We also welcome Frank Yoo, VP, Design & Research. Frank brings nearly 20 years of design experience, most recently leading global design and research teams for GSuite at Google. Before that, Frank built the design function at Lyft and led design at Linkedin and Yahoo!. His passion for taking the complex and making it simple and usable makes him a great fit to lead Design and Research at Coinbase.

We continue making investments in talent, pushing ourselves to raise the bar on hiring and ensuring our teams are well-positioned to make our mission and vision a reality.

Welcome to Coinbase!

We’re hiring! Coinbase is growing and looking for smart, creative, passionate optimists. To learn more about open positions check out our career page.


Welcoming three new senior leaders to Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



via The Coinbase Blog - Medium https://blog.coinbase.com/welcoming-three-new-senior-leaders-to-coinbase-c1e47acaa3b8?source=rss----c114225aeaf7---4

For These Blockchain Commons Interns, Their Open Source Careers Are Just Beginning

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The Blockchain Commons took on 7 interns this year to build out the organization’s many open-source projects.

via CoinDesk https://www.coindesk.com/blockchain-commons-interns-open-source-developers

Blockchain Bites: BTC on Ethereum, DeFi’s Latest Stablecoin, the Currency Cold Wars

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Mick Mulvaney joined the Chamber of Digital Commerce, Origin launched a stablecoin and DeFi Pulse fixed a bug.

via CoinDesk https://www.coindesk.com/blockchain-bites-btc-on-ethereum-defis-latest-stablecoin-the-currency-cold-wars

Bitcoin News Roundup for Sept. 23, 2020

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With the bitcoin market weakening and an ECB update, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

via CoinDesk https://www.coindesk.com/bitcoin-news-roundup-for-sept-23-2020

Parity Upgrades Polkadot’s Underlying Tech to Make Custom Blockchain Building Easier

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Polkadot developer Parity Technologies has released the second version of its blockchain building kit Substrate 2.0, including 70 composable modules.

via CoinDesk https://www.coindesk.com/polkadot-parity-underlying-tech-substrate-blockchain-building

UNI Market Cap Rebounds $120M as Rest of Crypto Market Falters

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Uniswap's week-old governance token is outperforming more established cryptocurrencies Wednesday.

via CoinDesk https://www.coindesk.com/uni-market-cap-rebounds-120m-as-rest-of-crypto-market-falters

Me, Myself and My Multiple Avatars

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In 2030, there are 20-odd versions of "you" floating around the internet. Can you manage all the personas you created?

via CoinDesk https://www.coindesk.com/multiple-avatars-identity-facebook-2030

Bitcoin Audible - DLCs are on Bitcoin! New Functionality & Potential [Ben Carman]

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"DLCs are uniquely positioned to bring smart contracting to Bitcoin using oracle contracts that are much more private and scalable than previously thought possible." - Ben Carman

Ben Carman, a developer with the awesome team at SuredBits, drops a BitcoinMagazine article today laying out Discreet Log Contracts and how they can be an exciting new addition to the functionality and power of the Bitcoin system. Privacy, cost savings, and non participating oracles to real world events; DLCs bring a new layer to both decentralizing markets on Bitcoin & the Lightning network. Listen to today's episode to find out more!

Check out the SuredBits blog for tons of awesome work about DLCs and so many other great technologies being built on Bitcoin:

https://suredbits.com/category/discreet-log-contracts/

Find the original article and tons of other great works at BitcoinMagazine below. Stay up on new events and learn tons about Bitcoin!

https://bitcoinmagazine.com/articles/dlcs-are-on-bitcoin-bringing-new-functionality-and-major-potential

A thanks to today's sponsor Hexa Wallet and the killer wallet they are building! Seedless backups, built in batching, multisig savings, & more! Hit me up if you want to be one of my contacts!

http://hexawallet.io/

Lastly a big thanks to the LTBNetwork for sharing this out with their amazing audience! Check out the other awesome shows at LetsTalkBitcoin.com



via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/bitcoin-audible-dlcs-bitcoin-new-functionality-potential-ben-carman-1

Venezuela Legalizes Crypto Mining but Will Force Industry Into National Pool

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The Venezuelan agency responsible for regulating cryptos has legalized the mining industry, but in the process mandated it be centralized under government control.

via CoinDesk https://www.coindesk.com/venezuela-legalize-cryptocurrency-mining-national-pool

This Ethereum Startup Is Building a ‘DeFi Firewall’ for Institutional Investors

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How risky do you like it? Wallet shop Trustology is launching a "DeFi Firewall" to help institutional investors dabble in decentralized finance.

via CoinDesk https://www.coindesk.com/trustology-defi-firewall-institutional-ethereum-wallet

First Mover: Bitcoins Hit Exchanges as Bloomberg Touts Crypto and DeFi Hedge Fund Seeks $50M

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Bloomberg hails crypto as top 2020 asset, bitcoin hits exchanges, options traders see calm around U.S. elections, hedge fund seeks $50M for DeFi.

via CoinDesk https://www.coindesk.com/first-mover-bitcoin-exchanges-cryptocurrencies-defi-hedge-fund-50-million

Christie’s to Auction Bitcoin-Inspired Artwork, Associated Non-Fungible Token

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The artwork titled, ‘Portraits of a Mind’ created by the Robert Alice project is a set of 40 paintings made up of a transcription of the code associated with the Bitcoin blockchain.

via CoinDesk https://www.coindesk.com/christies-new-york-to-auction-bitcoin-inspired-art-nft

Robinhood Raises Cool $660M in Extended Funding Round

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Following a retail bonanza this summer, trading app Robinhood says it has raised $660 million in an extended Series G round.

via CoinDesk https://www.coindesk.com/robinhood-660m-extended-funding-round-valuation

Bitcoin Market Weakening After Macro-Based Sell-Off, On-Chain Data Suggests

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Bitcoin inventory is building on exchanges but there's a lack of buyers, according to a Chainalysis economist.

via CoinDesk https://www.coindesk.com/bitcoin-market-weakening-after-macro-based-sell-off-on-chain-data-suggests

Digital Chamber Adds Mulvaney to Board of Advisors; Visa, Goldman Join Executive Committee

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The Chamber of Digital Commerce announced Wednesday that former acting White House chief of staff Mick Mulvaney has joined the group’s board of advisors.

via CoinDesk https://www.coindesk.com/chamber-of-digital-commerce-mick-mulvaney-visa-goldman-sachs

Data Site DeFi Pulse Fixes Bug, Says Value Locked Actually Hit $13B Last Week

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Popular data analytics site DeFi Pulse has claimed a "previously undetected issue" saw TVL under-reported by more than $4 billion on Sept. 18.

via CoinDesk https://www.coindesk.com/defi-pulse-bug-tvl

DeFi Angels, VC Firms Back $2M Round for Data Provider Dune Analytics

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Ethereum data firm Dune Analytics, which has stood out from the pack for its focus on DeFi projects, has raised a $2 million seed round.

via CoinDesk https://www.coindesk.com/dune-analytics-defi-data-seed-funding-round

Crypto Hedge Fund Looks for $50M to Buy DeFi Tokens Amid Market Pullback

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Panxora, a cryptocurrency hedge fund manager, seeks $50 million to buy digital tokens associated with decentralized finance, known as DeFi.

via CoinDesk https://www.coindesk.com/cryptocurrency-hedge-fund-50-million-defi-tokens-market-pullback

Tuesday 22 September 2020

Messaging Giant LINE Launches Token Reward Program

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Messaging app company LINK has started a rewards program where people can get LINK tokens by using its remittance and investment mobile apps.

via CoinDesk https://www.coindesk.com/link-token-rewards

Origin Debuts OUSD, a Stablecoin That Works Like a Savings Account

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Origin is announcing Origin Dollars, or OUSD, a stablecoin whose reserves leverage decentralized finance (DeFi) so that balances grow wherever it resides.

via CoinDesk https://www.coindesk.com/origin-ousd-stablecoin-defi-savings-account

Block Crunch - Dispelling FUD: Questions about DeFi Favorites - Santiago R Santos (ParaFi Capital)

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Santiago Roel Santos (@santiagoroel), partner at ParaFi Capital, an active DeFi fund, joins us to answer your burning questions around popular DeFi projects:

Is Synthetix scalable?Is Nexus Mutual incentives correctly designed?Does Yearn Finance have key man risk?Are food forks like Yam going to be around?Host: Jason Choi (@MrJasonChoi). If you enjoyed the show, consider tipping! This show is not financial advice; show host and guest may hold some of the assets discussed.

BTC: 3EFSLnPpme6Lo6DynN1bVV9owooueFvEmJETH: 0xdec40AA30B9C562aB4b839529BfC290C1B5Da61E


Resources:

Borrow and lend crypto at market-beating rates: Nexo.ioSubscribe to my essays here: jasonchoi.substack.com


Musical credits:

Transition track: "BHANGER" by Phortissimo. Used with permission

Outro track: "LEMMiNO - Infinity [Chill]" is released under a Creative Commons license (BY-SA) 4.0 Music provided by BreakingCopyright: https://youtu.be/uweorwa3q34

Disclaimer: Jason Choi is an investor at Spartan Capital, the hedge fund arm of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries and personnel. This podcast is for information purposes only and should not be relied upon as a basis for investment decisions.



via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/block-crunch-dispelling-fud-questions-santiago-santos

Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1B: Here’s Why

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The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why.

via CoinDesk https://www.coindesk.com/tokenized-bitcoin-wrapped-bitcoin-on-ethereum

The Currency Cold War: Four Scenarios

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Stablecoins. Bitcoin. Libra. China's DCEP. Digital $. By 2030, there could be dozens of competing currencies. How will the money wars play out?

via CoinDesk https://www.coindesk.com/currency-cold-war-four-scenarios

The Sun Never Sets On Bitcoin Mining: Decentralization Continues As China Flounders

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Bitcoin miners have successfully survived the 2020 Halving and COVID-19, and the network is now seeing some of its highest hash rates ever as these operations power up new equipment and reach new levels of decentralization going into the second decade of bitcoin mining.

Bitcoin Mining Is Decentralizing

China still dominates the bitcoin mining space, although the percentage of the hash rate coming from the country has dropped recently, from around 65 percent in early 2020 to about 50 percent more recently as Chinese mining farms are weathering a particularly difficult monsoon season and the government is sending mixed signals that Bitcoin may be under attack as part of a campaign to promote the new digital yuan.

Meanwhile, the U.S., Russia, Iceland, Central Asia and South America, among other regions, are all seeing continued growth in mining as miners benefit from plentiful, cheap, stranded energy in these regions — principally hydroelectric power, wind power or oil and gas, depending on the location.

In addition, Kazakhstan has been in the news lately as its government partnered with miners through a $715 million investment fund.

The following graph from a report prepared by BitOoda for Fidelity Digital shows an estimated breakdown of hash power around the world, indicating that China contributes 50 percent of the world’s hash power, while the U.S. is in second place with 14 percent.

It should be noted though that other analyses have placed China’s share as high as 65 percent of the total hash rate, with the U.S. at 7.2 percent and Russia at 6.9 percent.

Report: Russia Remains a 'Key Market for Crypto,' Commands the 3rd Largest Bitcoin Hashrate in the World

Chinese Operations Are Looking Westward

The U.S. and Canada make up 21 percent of the global hash rate, at least in BitOoda’s analysis, second only to China. And that share is expected to go up by many in the industry.

In a recent live stream hosted by Bitcoin Magazine, Elsa Zhao, the marketing manager for Chinese mining giant Whatsminer, confirmed that her company is focusing its expansion plans outside of China.

In an announcement officially coming soon, the company, second only to Bitmain in its singular ability to influence bitcoin mining, will offer details about its new mining equipment manufacturing plant planned for the U.S..

Bitmain, a Chinese operation that is still the largest mining equipment manufacturer in the world, is weathering its own storm: a company feud between co-founders Micree Zhan and Jihan Wu that may split the company in half.

Bitmain has two manufacturing locations — one in China for the Chinese market and one in Malaysia for international sales. As far as it’s mining operations, Bitmain seems poised to continue its expansion into the U.S.

In a recent interview with Bitcoin Magazine’s John Riggins, Bitmain’s head of operations for North America, Raymond Walintukan, said that he sees more decentralization out of China in Bitmain’s future, with the company building on its current operations in North America. 

Walintukan works from a mining farm in interior Washington State, where stranded hydroelectric power is plentiful and cheap. Bitmain also has mining farms in Texas and Tennessee. He stressed that Bitmain is now an international company, as much as it is a Chinese company.

Ryan Porter, head of business development for mining consultants BitOoda, told Bitcoin Magazine in an interview that more investors, including some from China, are inquiring about new mining opportunities in North America.

“We certainly see a reason to believe that a significant portion of hash power will migrate to North America,” said Porter. “The existing infrastructure, cost of power and regulatory stability here is competitive globally.”

And the decentralization of hardware manufacturing could become a major factor for continued migration in the near future. 

“China has been a real industry innovator in producing the leading ASIC manufacturers,” Porter added. “However, with TSMC (Taiwan Semiconductor Manufacturing Company) planning to build a plant in Arizona, there could be domestic hardware manufacturers that emerge, which would also be a catalyst for hash to migrate outside of China.”

So, despite more expensive power pricing — averaging from 3.5 to 4 cents per MW, which is higher than in places like Central Asia and South America — North America is still considered a desirable hub for bitcoin mining because of the relative stability of the political environment and the ability to lock in multi-year power contracts (China averages just under 1 cent per MW).

The Importance (And Ongoing Challenge) Of Bitcoin Mining Decentralization

In a recently released Coinmetrics report, researchers noted that the distribution of mining and hash rate is the most important factor in “sustaining a secure, censorship-resistant payments and savings system.”

It noted that mining is the anchor and the “effective decentralization” that provides security for the Bitcoin network. The report uses a metric it called the “Nakamoto coefficient,” which measures the number of pools that would need to collaborate to launch a 51 percent attack on the network. For instance, iIn 2014, mining pool GHash.io controlled over half of the network’s hash power for about a day, giving Bbitcoin a Nakamoto coefficient of 1.

The researchers concluded that bitcoin mining has become increasingly decentralized, with a Nakamoto coefficient of four.

Like most profitable enterprises within the legacy financial system, the natural pull of bitcoin mining is toward more control and organization by one or a relatively small number of controlling bodies.

At this point in the early history of Bitcoin, it is inevitable that a small and informed group of early adopters, like Bitcoin Core developers, will move the system forward in an organized fashion. 

But, as Coinmetrics’ researchers argue, it’s important to have significant bitcoin mining take place in different parts of the world.

And even though there are some signs that Bitcoin mining is becoming more decentralized, especially with Chinese operations moving some of their has power to North America, there is still a long way to go before this industry can be considered truly international.

Coinmetrics noted that, even as hash power migrates from China, Bitcoin mining is still at risk of centralization through possible state level coercion and vertical and horizontal integration.

“While Bitcoin mining is distributed, it’s still at risk of centralization through state-level coercion and vertical and horizontal integration. Several exchanges, including Binance, OKEx, and Huobi, operate mining pools. BitMAIN, a hardware manufacturer, owns both BTC.com and AntPool, and is the only investor in ViaBTC,” noted the report.

And, in China, mining pools continue to grow despite a particularly difficult year. As long as there is cheap power, the incentive to build economies of scale in China will grow.

New China-based mining pool Lubion, which has China and Iran as its principal sources of hash power, only came onto the scene in March 2020 but is already in the top-ten of pools by hash, rivalling longer-standing pools like F2Pool (also based in China).

Still, there is reason for mining decentralization advocates to remain optimistic.

Samson Mow, CSO for Blockstream, which has mining farms in Quebec, Canada and Adel, Georgia, sees continuing growth and sophistication as hash derivatives come on the market, making ownership more diverse and therefore more decentralized.

Noting that Kazakhstan could be on track to become one of the world’s largest Bitcoin mining hubs as the country sets up a $715 million development fund, Mow said:

“Bitcoin mining will become a strategic investment sector for many nation states. Slowly at first, and then all at once.”

The post The Sun Never Sets On Bitcoin Mining: Decentralization Continues As China Flounders appeared first on Bitcoin Magazine.



via Bitcoin Magazine https://bitcoinmagazine.com/articles/the-sun-never-sets-on-bitcoin-mining-decentralization-continues-as-china-flounders?utm_source=rss&utm_medium=rss&utm_campaign=the-sun-never-sets-on-bitcoin-mining-decentralization-continues-as-china-flounders

Bitcoin Traders Say Options Market Understates Likelihood of Chaotic US Election

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Analysts warn against reading too much into the complacency suggested by the volatility metrics.

via CoinDesk https://www.coindesk.com/bitcoin-options-understates-chaotic-election

Blockchain Bites: OCC’s Stablecoin Guidance, EU’s Digital Euro Plans, Chamath’s Bitcoin

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The OCC published guidance allowing U.S. banks to work with stablecoin issuers. Meanwhile, the ECB thinks the term stablecoin can be "misleading."

via CoinDesk https://www.coindesk.com/blockchain-bites-occ-stablecoin

Startup Behind Siacoin Storage Platform Raises $3M, Rebrands as Skynet Labs

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Skynet Labs has raised a $3 million funding round led by Paradigm, aiming to offer developers decentralized storage solutions for all types of applications.

via CoinDesk https://www.coindesk.com/nebulous-siacoin-skynet-labs-rebrand-paradigm-funding-round

Bitcoin News Roundup for Sept. 22, 2020

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With bitcoin at risk of falling to four figures and new guidance from the OCC, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

via CoinDesk https://www.coindesk.com/bitcoin-news-roundup-for-sept-22-2020

Bitcoin-on-Ethereum Token tBTC Relaunches Following Buggy Debut in May

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TBTC, a decentralized way to copy bitcoin (BTC) over to Ethereum, is relaunching today after a smart-contract bug sunk the project in May.

via CoinDesk https://www.coindesk.com/thesis-bitcoin-token-tbtc-relaunches-following-buggy-debut

Nasdaq and SEC-Registered Fund Manager to Launch First-Ever Crypto ETF

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The new ETF product will track an index currently being designed by Nasdaq that will provide broad exposure to the digital asset market.

via CoinDesk https://www.coindesk.com/nasdaq-sec-fund-manager-crypto-etf

WBD258 - BTC vs ETH Technicals with Andrew Poelstra, Tadge Dryja, Vitalik Buterin & Patrick McCorry

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In my recent Bitcoin Vs Ethereum show, I was joined by Samson Mow and Vitalik Buterin to discuss the philosophical differences between Bitcoin and Ethereum.

For me, the fundamental differences between the two are quite clear, where Bitcoin is conservative and slow, focusing on sound monetary policy, Ethereum is inflationary, experimental and has, what many consider unachievable goals.

Following the debate about the philosophical differences I was keen to expand the conversation into the technical differences between the two networks.

In this episode, I am joined by Andrew Poelstra, Tadge Dryja and Vitalik Buterin and Patrick McCorry. With Paddy as co-host, we discuss the fundamental and technical differences between Bitcoin and Ethereum, scalability and use cases.



via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/wbd258-btc-eth-technicals-with-andrew-poelstra-tadge-dryja-vitalik-buterin-patrick-mccorry

Facebook’s Libra Co-Founder Morgan Beller Departs to Return to VC

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Beller, 27, will become a general partner at NFX. She'd worked at a16z before joining Facebook.

via CoinDesk https://www.coindesk.com/facebooks-libra-co-founder-morgan-beller-departs-to-return-to-vc

IoT Startup Helium Floats New Hardware Device for Mining Its HNT Crypto Tokens

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Helium is hoping a new manufacturing deal with RAK Wireless will help the crypto-powered IoT network expand its reach.

via CoinDesk https://www.coindesk.com/helium-iot-hnt-cryptocurrency-miner

US Government Darknet Drug Raids Seize $6.5M in Cash and Crypto

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The U.S. government has today announced the results of one of the biggest ever seizures of drugs sold on the dark web.

via CoinDesk https://www.coindesk.com/us-government-darknet-raid-seizes-6-5m-in-cash-and-cryptocurrencies

First Mover: Bitcoin’s Latest Sell-Off Gets Crypto Traders Mulling Election Chaos

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Monday's sell-off shows bitcoin is likely to trade off with risky assets like stocks if U.S. election chaos sends markets into a fresh downdraft.

via CoinDesk https://www.coindesk.com/first-mover-bitcoin-cryptocurrencies-september-election-chaos

BRD Is Breaking Into the Crypto Compliance Game

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The new tech stack will provide AML and compliance tools for financial institutions, government agencies, and cryptocurrency service providers.

via CoinDesk https://www.coindesk.com/brd-is-breaking-into-the-crypto-compliance-game

‘Misleading’ Term Stablecoin Should Be Ditched, Says ECB

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The EU central bank said the term stablecoin is potentially "confusing" and "misleading" to consumers.

via CoinDesk https://www.coindesk.com/ecb-stablecoin-ditched

Equity Markets Turmoil Could Push Bitcoin Below $10K, Say Analysts

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Bitcoin risks falling into four figures on a continued sell-off in equities and rebounding U.S. dollar.

via CoinDesk https://www.coindesk.com/equity-markets-turmoil-could-push-bitcoin-below-10k-say-analysts

A New Social Contract for the Digital Age

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Veteran futurist Don Tapscott imagines the world in 2030 and finds reasons for optimism in the face of persistent social crisis.

via CoinDesk https://www.coindesk.com/new-social-contract-digital-age

US Space Force Enlists Blockchain Firm to Deploy Hack-Proof Data Defenses

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The United States Space Force has engaged blockchain firm Xage Security to develop a new security layer for its communications systems.

via CoinDesk https://www.coindesk.com/us-space-force-blockchain-data-defense

Digital Euro Would Provide Alternative to Cryptos, ECB President Lagarde Says

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A digital euro for retail payments would "ensure that sovereign money remains at the core of European payment systems," according to Legarde.

via CoinDesk https://www.coindesk.com/digital-euro-alternative-cryptocurrency-ecb-christine-lagarde

JD.com to Build Apps for China’s Digital Yuan Project: Report

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The Chinese e-commerce giant has reportedly agreed to help the nation's central bank develop infrastructure including a wallet for its cash-equivalent digital currency.

via CoinDesk https://www.coindesk.com/jd-com-apps-china-digital-yuan-central-bank

Monday 21 September 2020

Uniswap Users Say Uniting Can Strengthen UNI

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A group of anonymous Uniswap users is trying to unite the many small holders of the UNI governance token to deal with potential problems in the automated market maker’s (AMM) governance.

via CoinDesk https://www.coindesk.com/uniswap-users-uniting-union-uni