Saturday 31 October 2020
BitMEX Chiefs Looted More Than $440M From Exchange After Finding Out About Probes, Suit Alleges
The suit seeks an order of attachment against the parent company of BitMEX.
via CoinDesk https://www.coindesk.com/bitmex-chiefs-looted-more-than-440m-from-exchange-after-finding-out-about-probes-suit-alleges
US Banks Could Seek to Partner With or Buy Crypto Custodians, OCC’s Brooks Says
The OCC's July ruling that allowed banks to provide custody spurred the newfound interest, Brooks said.
via CoinDesk https://www.coindesk.com/us-banks-could-seek-to-partner-with-or-buy-crypto-custodians-occs-brooks-says
Crypto Is Less Scary Than Halloween
The great Twitter hack of 2020 highlighted the scariest thing about crypto: being tricked by scams. Here is how to avoid being a victim.
via CoinDesk https://www.coindesk.com/crypto-less-scary-halloween
China Should Take Part in Creating Regulatory Framework for Digital Currency, Xi Says
China's president said the nation should proactively participate in setting the international framework.
via CoinDesk https://www.coindesk.com/china-should-take-part-in-creating-regulatory-framework-for-digital-currency-xi-says
The World Is Never Getting Off Government Stimulus
The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe.
via CoinDesk https://www.coindesk.com/world-never-off-government-stimulus
$14K: Bitcoin Hits Highest Level Since January 2018
Bitcoin has carved out a 33-month high, showing resilience amid growing instability in the traditional markets.
via CoinDesk https://www.coindesk.com/14k-bitcoin-hits-highest-level-since-january-2018
Friday 30 October 2020
MakerDAO Members Voting on a Safeguard Against BProtocol Flash Loan-Type Attack
The Maker DAO community is voting on a proposal to harden the protocol's governance structure against flash loan voting.
via CoinDesk https://www.coindesk.com/maker-dao-vote-on-safeguard-against-flash-loan
Bitcoin Developers Still Divided on Specifics of Taproot Activation
The code for Taproot is ready to go, but developers are still discussing how to deploy the update across Bitcoin’s distributed network.
via CoinDesk https://www.coindesk.com/taproot-ready-bitcoin-developers-debate-activation
Prime Broker Bequant Adds Risk-Monitoring Service in Push for Added Compliance
Bequant is adding New York-based Solidus Labs’ surveillance tools to its digital asset services business.
via CoinDesk https://www.coindesk.com/bequant-solidus-labs-risk-monitoring
Why Satoshi Chose Halloween to Release the Bitcoin White Paper
Was Satoshi’s release of the Bitcoin White Paper an allusion to the Reformation or something to do with the ancient pagan tradition of Samhain?
via CoinDesk https://www.coindesk.com/satoshi-halloween-bitcoin-white-paper
Overstock Touts Voatz Blockchain Voting App as Solution to US Election Fracas
The comments come days before a ballot count marred in uncertainty.
via CoinDesk https://www.coindesk.com/blockchain-voting-us-election-problems
INX to List on Canadian Securities Exchange Following IPO
INX will list on the CES once it closes its $117 million IPO.
via CoinDesk https://www.coindesk.com/inx-lists-canada
What Bitcoin Did - Bitcoin in the Boardroom with Michael Saylor - WBD268
In August, MicroStrategy made the bold move of purchasing 21,454 Bitcoin to add to their treasury, spending $250 million. In doing so, CEO Michael Saylor stated that he views Bitcoin as a "dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash".
The next month MicroStrategy announced that they had doubled down on their conviction in Bitcoin and acquired an additional 16,796 Bitcoin, taking their total spend to $425 million. This move sent a clear message to businesses everywhere that Bitcoin is a valuable asset and can be a key part of a company's treasury.
Following in the footsteps of MicroStrategy, last week Square announced that they too had added Bitcoin to their treasury with the purchase of 4,709 Bitcoin for ~$50 million.
In this interview, I talk to Michael Saylor, the CEO of MicroStrategy. We discuss their Bitcoin purchase, where his conviction in Bitcoin came from, Square buying Bitcoin and the process of adding Bitcoin to a public companies treasury.
via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/what-bitcoin-did-bitcoin-boardroom-michael-saylor-wbd
Money Reimagined: Who Are the Real Monsters?
Next to the frightening creatures of the legacy financial system, bitcoin is the normal, wholesome outlier, like the niece from TV’s “The Munsters.”
via CoinDesk https://www.coindesk.com/money-reimagined-real-monsters
Ethereum Developers Pencil In January for Eth 1.x ‘Berlin’ Hard Fork
Ethereum developers are eyeing January for the Berlin hard fork. The backwards-incompatible upgrade of the existing Eth 1.x blockchain was first set for July.
via CoinDesk https://www.coindesk.com/ethereum-developers-pencil-in-january-for-eth-1-x-berlin-hard-fork
Blockchain Bites: Ripple’s MoneyGram Pump, OKEx’s Bitcoin Cash Plan, Bitcoin’s Birthday
Tomorrow marks the 12th anniversary of the Bitcoin white paper.
via CoinDesk https://www.coindesk.com/blockchain-bites-ripples-moneygram-pump-okexs-bitcoin-cash-plan-bitcoins-birthday
Video: What Is Utreexo And What Could It Mean For Bitcoin?
Listen To This Episode:
On this episode of The Van Wirdum Sjorsnado, Aaron and Sjors are once again joined by Ruben Somsen. But this time, the trio isn’t discussing one of Somsen’s own proposals but diving into a concept from research scientist and Lightning Network creator Tadge Dryja called “Utreexo.”
Whenever a new Bitcoin transaction is made, Bitcoin nodes use a UTXO set (the overview of all bitcoin in existence at any given time) to determine that the coins that are being spent really exist. This UTXO set is currently several gigabytes in size and continues to grow over time and there is no upper limit to how big it can potentially get.
Because Bitcoin nodes perform best and fastest if the UTXO set is kept in RAM (in particular when syncing a new node), and RAM is usually a relatively scarce resource for most computers, it would benefits a node’s performance if the UTXO set could be stored in a more compact format. This is the promise of Utreexo.
Utreexo would take all the UTXOs in existence and include them in a Merkle Tree, a data-structure consisting only of hashes. Aaron, Sjors and Ruben explain how the compact Utreexo structure could suffice in proving that a particular UTXO is included when a new transaction is made, and they discuss the potential benefits that could surface if this solution becomes available, as well as some of its potential tradeoffs.
More Resources:
- Bitcoin Nodes_ Decoupling Trust And Storage With Uteexo
- Bitcoin’s Growing UTXO Problem And How Utreexo Can Help Solve It
The post Video: What Is Utreexo And What Could It Mean For Bitcoin? appeared first on Bitcoin Magazine.
via Bitcoin Magazine https://bitcoinmagazine.com/articles/video-what-is-utreexo-and-what-could-it-mean-for-bitcoin?utm_source=rss&utm_medium=rss&utm_campaign=video-what-is-utreexo-and-what-could-it-mean-for-bitcoin
Deribit Sees Record Bitcoin Options Volume as Activity in $36K Calls Surge
Daily volume for bitcoin options have hit lifetime highs on crypto derivatives exchange Deribit.
via CoinDesk https://www.coindesk.com/deribit-record-bitcoin-options-volume-calls-surge
Library of Congress Reports Surge in Crypto Law Searches
The surge comes as America's largest library rolls out a crypto regulatory guide.
via CoinDesk https://www.coindesk.com/library-of-congress-cryptocurrency-law
Swiss Arm of Russia’s Gazprombank Launches Institutional Bitcoin Offerings
Gazprombank (Switzerland) has been authorized by FINMA to launch institutional cryptocurrency services in Switzerland.
via CoinDesk https://www.coindesk.com/swiss-arm-of-russias-gazprombank-launches-institutional-bitcoin-offerings
First Mover: Bitcoin Heads for 24% October Gain as US Election Countdown Begins
Pantera's Dan Morehead looks at negative images of GDP charts and counts words in Satoshi Nakamoto's white paper to chronicle bitcoin's "movement."
via CoinDesk https://www.coindesk.com/first-mover-bitcoin-heads-for-24-october-gain-as-u-s-election-countdown-begins
ETH Gobbles Up Larger Share of Genesis Loan Book as Trading Firms Feast on DeFi Summer
Genesis Trading saw the share of bitcoin in its loan portfolio drop, mainly due to demand for liquidity mining on DeFi protocols.
via CoinDesk https://www.coindesk.com/eth-gobbles-up-larger-share-of-genesis-loan-book-as-trading-firms-feast-on-defi-summer
FTX Raises ‘TRUMP’ Futures Margins as Price Suggests Lower Expectations of Election Win
FTX said the price of one TRUMP contract roughly equals the president's expected chances of reelection.
via CoinDesk https://www.coindesk.com/ftx-raises-trump-futures-margins-as-price-suggests-lower-expectations-of-election-win
Huawei’s Mate 40 Phone to Ship With Digital Yuan Wallet
The upcoming Mate 40 line of devices will feature a built-in hardware wallet for China's central bank digital currency.
via CoinDesk https://www.coindesk.com/huaweis-mate-40-phone-to-ship-with-digital-yuan-wallet
Bitcoin Traders Can Now Bet on $40K Price With New Deribit Options
Options at a $40,000 strike price expiring in March 2021 and June 2021 went live on Deribit early on Friday
via CoinDesk https://www.coindesk.com/bitcoin-traders-can-now-bet-on-40k-price-with-new-deribit-options
UK Police Find no Crime in Alleged $3M Crypto ‘Staking’ Scam
Investors who say they lost hundreds of thousands of pounds in an alleged cryptocurrency fraud have had no luck persuading the police that there was in fact a crime committed.
via CoinDesk https://www.coindesk.com/uk-police-find-no-crime-in-alleged-3m-crypto-staking-scam
The Western Love of Yoga with Miranda Jo Davis - Proof of Love Ep. 81
Miranda Jo Davis overcame a difficult youth to become a devoted wife and mother, an achievement she credits to her strong Christian faith. Now, she works within her congregation as a counselor, a teacher and...yogini? That's right, Miranda is a master of the ancient exercises of yoga. And today, she joins Tatiana & Lauren to talk about her beliefs, relationships, what to look for in a church, and how she reconciled Eastern mysticism with Western Christian ritual. She also confronts misconceptions about her religion, and why she believes what many consider intolerance can instead be a path of love and acceptance.
About the Guest(s):
Miranda Jo Davis is an expert in the yoga world with over twenty years' experience. She owns a Christian yoga/Pilates studio, infusing scripture to shape her teaching. In ministry, Miranda is a biblical counselor, using God's word to implement heart change. She is a published Christian writer and featured on TV, radio, and print for education in Mind/Body wellness.
If you like this content, please send a tip with BTC to1Q2QHoNowg8D2QzWhBQU1YrraG771aCpgS
More Info:
Tatiana Moroz -https://www.tatianamoroz.com
Crypto Media Hub -https://www.cryptomediahub.com
Vaultoro -http://www.vaultoro.gold/tatiana
Miranda Jo Davis-http://www.mirandajodavis.com
Friends and Sponsors of the Show:
Proof of Love -http://proofoflovecast.com
Global Crypto Advisors -http://globalcryptoadvisors.io
*You have been listening to the Tatiana Show. This show may contain adult content, language, and humor and is intended for mature audiences. If that's not you, please stop listening. Nothing you hear on The Tatiana Show is intended as financial advice, legal advice, or really, anything other than entertainment. Take everything you hear with a grain of salt. Oh, and if you're hearing us on an affiliate network, the ideas and views expressed on this show are not necessarily those of the network you are listening on, or of any sponsors or any affiliate products you may hear about on the show.
via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/the-western-love-of-yoga-with-miranda-jo-davis-proof-of-love-ep-81
Advising the Advisers: ‘On Purpose’ Podcast Live Taping Party
As a financial adviser, you might feel pressured to know every answer to your clients’ portfolio needs. But you’ve got some burning questions about digital assets like bitcoin. Now’s your chance to ask: On Purpose podcast host and Onramp Invest CEO Tyrone Ross invites the public to CoinDesk’s first podcast live taping party and AMA […]
via CoinDesk https://www.coindesk.com/on-purpose-podcast-taping
Ripple Keeps Pumping Funds Into MoneyGram
All in, Ripple has funded the money sender to the tune of over $52 million for providing liquidity to one of its payments products.
via CoinDesk https://www.coindesk.com/ripple-funds-moneygram-xrp
Thursday 29 October 2020
Mirage Recovery: What ‘Record’ GDP Growth Tells Us About the Economy
The Department of Commerce’s new report shows 33.1% annualized GDP growth in Q3, but does this really tell us much about the state of the economy?
via CoinDesk https://www.coindesk.com/mirage-recovery-record-gdp-growth-economy
Citizen Bitcoin - Preston Pysh: Bullish on Bitcoin
Preston Pysh, cofounder of The Investors Podcast Network, host of We Study Billionaires and a long time bitcoiner joins Brady. We discuss Preston's time flying in the military, then get into Bitcoin. We discuss the heap of bullish news for Bitcoin this year and then answer questions from the YouTube live chat. This was a great one!
via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/citizen-bitcoin-preston-pysh
‘Flash Loans’ Have Made Their Way to Manipulating Protocol Elections
BProtocol used a flash loan to speed up election results on MakerDAO. The DeFi platform is now weighing changes to its voting process.
via CoinDesk https://www.coindesk.com/flash-loans-manipulate-defi-protocol-elections
Audius, the ‘Decentralized Spotify,’ Is Moving Part of Its Service to Solana Blockchain
Decentralized music app Audius announced Thursday that it will migrate its content management system over to Solana’s high-speed blockchain from an Ethereum sidechain operated by the POA Network that runs on a set of trusted validators. Audius occupies a similar space to popular music players like Pandora or Spotify, but it allows artists to set […]
via CoinDesk https://www.coindesk.com/audius-solana-ethereum
Bitcoin & Co - Miss Aurra, Zimbabwe: Bitcoin Changed My Whole Life
Today's episode is the start of a new series about Bitcoin in Africa. I have been traveling to Zimbabwe and Botswana in February 2020 to find out if and how Bitcoin is known and used there. When I left the African continent at the beginning of March it was unclear how the pandemic is going to change the economical situation of countries that were already in a deep crisis like Zimbabwe or Nigeria and how it would affect the adoption of bitcoin in Subsaharan countries. With the upcoming episodes I want to give you insights into African nations such as Senegal, Kenya, Ghana and South Africa. This episodes topic is Zimbabwe. My guest is Miss Aurra Kawanzaruwa. She is a digipreneur and the principal of St. Anne's school in the country's capital Harare.
Current situation in ZimbabweMonetary repercussionsGovernments ban of EcoCashShortages of basic supply goodsCorruption and mismanagement Zimbabwean Lives Matter movementCoronavirus situationSchool shut down and distance learningHer first experience using bitcoinTranslating "Bitcoin Money" book to ShonaGetting into trouble for using BitcoinHow Zimbabweans use bitcoin
Donate some sats for St. Anne's school in Zimbabwe
via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/bitcoin-co-miss-aurra-zimbabwe
US Charges Stanford Crypto Group Director With Defrauding His Former Employer – the Fed
Lawrence Rufrano allegedly hid his work at Stanford and blockchain startup Factom from disability benefits regulators.
via CoinDesk https://www.coindesk.com/stanford-digital-currency-initiative-director-charged-wire-fraud
Bitcoin Transaction Fees Rise to 28-Month High as Hashrate Drops Amid Price Rally
The cost of doing transactions on bitcoin is surging at a time the network is suffering its worst congestion in nearly three years.
via CoinDesk https://www.coindesk.com/bitcoin-transaction-fees-hashrate
Blockchain Bites: Coinbase’s Card, Avanti’s Approval, FTX’s Fractional Stocks
Meanwhile, The Graph's $12 million raise is one in a line of many public token sales this year.
via CoinDesk https://www.coindesk.com/blockchain-bites-coinbases-card-avantis-approval-ftxs-fractional-stocks
Crypto and Fintech Share Goals: They Should Talk
The missions of programmable money and autonomous finance overlap, so it's surprising people from crypto and fintech don't collaborate more.
via CoinDesk https://www.coindesk.com/crypto-and-fintech-share-goals-they-should-talk
Casa Rolls Out ‘Bank-to-Wallet’ Bitcoin-Buying Services for US Customers
The cryptocurrency custody startup announced on Thursday that users will now be able to buy bitcoin (BTC) on the Casa app using their bank accounts.
via CoinDesk https://www.coindesk.com/casa-rolls-out-bank-to-wallet-bitcoin-buying-service-for-us-customers
All-In on DeFi: Why the Days of Centralized Exchanges Are Numbered
The CEO of Binance on why DeFi will come to dominate CeFi.
via CoinDesk https://www.coindesk.com/defi-why-the-days-of-centralized-exchanges-are-numbered
Huobi Beefs Up Venture Arm With Former DragonFly Partner Leading DeFi Investments
Alex Pack from DragonFly will Join Huobi to help invest "tens of millions of dollars" in decentralized finance.
via CoinDesk https://www.coindesk.com/dragonfly-pack-huobi-defi-investments
Iran Amends Law to Allow Imports to Be Funded With Cryptocurrency
Strapped for international currencies, Iran is turning to cryptocurrency to allow imports to continue to flow.
via CoinDesk https://www.coindesk.com/iran-amends-law-to-allow-imports-to-be-funded-with-cryptocurrency
New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks
The New York Department of Financial Services expects all firms, including virtual currency businesses, to start assessing climate change-associated financial risks.
via CoinDesk https://www.coindesk.com/nydfs-wants-firms-to-look-closer-into-climate-change-risks
Blockchain Firm Figment Raises $2.5M in Funding Round Led by Bonfire Ventures
Figment said the latest round will enable it to continue developing its blockchain staking, governance and developer tools.
via CoinDesk https://www.coindesk.com/blockchain-firm-figment-raises-2-5m-in-funding-round-led-by-bonfire-ventures
First Mover: Bitcoin Falls as COVID-19 Surges, ECB’s Lagarde Steps Up, US GDP Hits 33%
The enthusiasm jolt from bitcoin's ascent toward $14K ran into realism, and options traders see low probabilities of a new price record this year.
via CoinDesk https://www.coindesk.com/first-mover-bitcoin-coronavirus-ecb-lagarde-us-gdp
Fidelity Digital Assets Expands Crypto Custody Service to Asia
The cryptocurrency-focused arm of financial services giant Fidelity Investments is expanding its custody service through Singapore-based Stack Funds.
via CoinDesk https://www.coindesk.com/fidelity-digital-assets-expands-crypto-custody-service-to-asia
Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption
Publicly traded digital-asset brokerage Voyager Digital registered four-digit growth in revenue in the last fiscal year.
via CoinDesk https://www.coindesk.com/voyager-digital-revenue-rises-over-1000-on-increased-crypto-adoption
Bank of Canada Governor Says Digital Dollar Project Moving Past Trial Stage
Tiff Macklem said Canada's digital dollar initiative is progressing past the experimental phase and that the G7 needs to coordinate on digital currencies.
via CoinDesk https://www.coindesk.com/bank-of-canada-governor-says-digital-dollar-project-moving-past-trial-stage
Bitcoin’s Options Market Sees Just 6% Chance of $20K Before Year’s End
At press time, bitcoin was seeing a 6% probability of bitcoin trading above the historical 2017 all-time high of $20,000 by the end of December.
via CoinDesk https://www.coindesk.com/bitcoin-6-percent-chance-20k-dec-2020
FTX Launches Bitcoin Pairs for Top Stocks Like Amazon, Apple and Tesla
The crypto derivatives exchange has launched a novel way to trade the world's most popular stocks.
via CoinDesk https://www.coindesk.com/ftx-launches-bitcoin-pairs-against-amazon-apple-tokenized-stocks
Wednesday 28 October 2020
Officials Warn of Cyberattacks on Hospitals as Virus Cases Spike
Ripple to Invest in Japan’s SBI Subsidiary MoneyTap
Ripple plans to invest in MoneyTap, the blockchain payments app birthed through a joint venture between the San Francisco-based firm and SBI Holdings.
via CoinDesk https://www.coindesk.com/ripple-moneytap-sbi-invest
Avanti Financial Joins Kraken as a Wyoming-Approved Crypto Bank
Blockchain pioneer Caitlin Long is now the CEO of her own special purpose depository institution (SPDI) in Wyoming.
via CoinDesk https://www.coindesk.com/avanti-financial-joins-kraken-as-a-wyoming-approved-crypto-bank
DefiDollar Raises $1.2M to Be the Risk-Insured Stablecoin Layer for DeFi
India-based DefiDollar has raised $1.2 million in a seed round led by Divergence Ventures, Standard Crypto and Accomplice.
via CoinDesk https://www.coindesk.com/defidollar-dusd-defi-stablecoin
The ‘Everything Crash’ Is Coming? Markets Go Risk-Off as European Stocks See Worst Day in 5 Months
Stocks, oil, even gold are down on fears of resumed COVID-19 lockdowns, but bitcoin hodlers are keeping the faith.
via CoinDesk https://www.coindesk.com/everything-crash-risk-off
Cambodia Central Bank Launches Bakong Blockchain Payments System
Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy.
via CoinDesk https://www.coindesk.com/cambodia-launches-bakong-blockchain-payments
Ethereum, Dark Forests and the Limits of Transparency
The crypto world eschewed trust in favor of transparency. But transparency doesn’t solve the problem of untrustworthiness in financial markets.
via CoinDesk https://www.coindesk.com/ethereum-dark-forests-limits-of-transparency
Putting Pressure on Bitcoin’s Lightning Network Vulnerabilities Will Strengthen It
These vulnerabilities are reminders that improvements come with trade-offs – and that security and usability are two sides of the same coin.
via CoinDesk https://www.coindesk.com/bitcoin-lightning-network-vulnerabilities-pressure
First Mover: Bitcoin’s Latest Rally Proving Irresistible as Bitwise Assets Top $100M
Latest rally extends bitcoin's lead over U.S. stocks in 2020 returns, potentially setting up a self-reinforcing trend as more investors take notice.
via CoinDesk https://www.coindesk.com/first-mover-bitcoins-latest-rally-proving-irresistible-as-bitwise-assets-top-100m
Blockchain Bites: Bitcoin Miners’ Slim Margins, ConsenSys’ Latest CBDC Pilot, a16z’ Power Hire
JPMorgan unveiled a revamped blockchain network that could challenge SWIFT while BlockFi has taken a 5% stake in Grayscale's GBTC.
via CoinDesk https://www.coindesk.com/bitcoins-hashrate-consensys-cbdc-a16z
Coinbase to Launch Crypto Debit Card in US for Retail Spending
Coinbase is launching its Visa debit card in the U.S. early next year.
via CoinDesk https://www.coindesk.com/coinbase-to-launch-crypto-debit-card-in-us-for-retail-spending
Gemini Exchange Launches Crypto Trading Against the Euro
The Winklevoss-founded exchange said all listed cryptocurrencies can be purchased and traded with euros.
via CoinDesk https://www.coindesk.com/gemini-exchange-launches-crypto-trading-against-the-euro
Bitwise Tops $100M in Assets Under Management
Cryptocurrency-focused money manager sees inflows from hedge funds, financial advisors and family wealth-management offices.
via CoinDesk https://www.coindesk.com/bitwise-tops-100-million-in-assets-under-management
Bitcoin Price Slips Below $13K as Stocks Slide
Bitcoin's recent bull run is giving back some recent gains amid coronavirus-induced losses in the global stock markets.
via CoinDesk https://www.coindesk.com/bitcoin-price-slips-below-13k-as-stocks-slide
Former BitLicense Chief to Manage Andreessen Horowitz’s Cryptocurrency Efforts
Anthony Albanese will become chief regulatory officer for the tech ventures giant in November.
via CoinDesk https://www.coindesk.com/anthony-albanese-andreessen-horowitz
Overstock’s Medici Ventures Invests $8M in Blockchain Firm Bitt
Medici Ventures has completed a third equity purchase in Barbados-based Bitt, bringing it a controlling interest in the blockchain firm.
via CoinDesk https://www.coindesk.com/overstocks-medici-ventures-invests-8m-in-blockchain-firm-bitt
Hxro, FTX Target Retail Crypto Traders With Simplified Options Product
Hxro and FTX have partnered to make options trading more accessible for retail traders.
via CoinDesk https://www.coindesk.com/hxro-ftx-options-trading-tixwix
Ethereum Developer ConsenSys to Assist French Bank With CBDC Pilot
The Ethereum developer will help the digital assets arm of Societe Generale carry out research on a central bank digital currency.
via CoinDesk https://www.coindesk.com/ethereum-developer-consensys-to-assist-french-bank-with-cbdc-pilot
Is Bitcoin’s Rally Overstretched? This Key Indicator Says No
Bitcoin has plenty of room to rally, according to a fundamental analysis indicator that flagged the price bottom in March.
via CoinDesk https://www.coindesk.com/is-bitcoins-rally-overstretched-this-key-indicator-says-no
ASX Delays Launch of DLT System Over Coronavirus Trading Volatility
ASX said it was eyeing a new date of April 2023 due to higher levels of demand than expected.
via CoinDesk https://www.coindesk.com/asx-delays-launch-of-dlt-system-over-coronavirus-trading-volatility
Trump Campaign Website Hit by Hackers Touting Crypto Scam
The president's campaign website was briefly compromised on Tuesday, as hackers looked to fleece cryptocurrency from unsuspecting supporters in the final days before the 2020 election.
via CoinDesk https://www.coindesk.com/trump-campaign-website-compromised-by-hackers-for-crypto-giveaway-scam
Incentivizing the Use of Blockchain with Grant Blaisdell The Tatiana Show Ep. 280
Josh returns to the co-host chair just in time for a fantastic talk with Grant Blaisdell talking a huge variety of subjects in the blockchain space. Grant left the US for his father's homeland of Poland to help found Coinfirm, an analytics company that's on the bleeding edge of the blockchain space. He talks about why he started the project, what they specialize in, and how the company's projects help users with an increasingly regulated space. He talks the hot crypto topic of DeFi and how it helps democratize economics. He talks his love of the music industry and how he uses cryptocurrency & blockchain as a marketing, distribution & engagement tool for music and how it can work in tandem with existing promotional practices. He also discusses his interest in space travel and utilization, and how it represents the next stage in data security and economics. A wonderful conversation covering a huge variety of subjects...listen now!
About the Guest:
Grant has been creating ventures at the intersection of new technologies and media between the US to Central Europe since his late teens. An early innovator in applying blockchain technology to various industries, companies Grant has co-founded include the leading Blockchain Analytics and AML company Coinfirm and the digital asset marketplace for the Space industry Copernic Space. As a lifelong musician and hip hop artist known as GB Savant, Grant also applies his technological work to his music with upcoming projects such as Mr. Crypto.
If you like this content, please send a tip with BTC to1Q2QHoNowg8D2QzWhBQU1YrraG771aCpgS
More Info:
Tatiana Moroz -https://tatianamoroz.com
Crypto Media Hub -https://cryptomediahub.com
Vaultoro -https://vaultoro.com
Coinfirm -https://coinfirm.com
Friends and Sponsors of the Show:
Proof of Love -https://proofoflovecast.com
Global Crypto Advisors -http://globalcryptoadvisors.io
*You have been listening to the Tatiana Show. This show may contain adult content, language, and humor and is intended for mature audiences. If that's not you, please stop listening. Nothing you hear on The Tatiana Show is intended as financial advice, legal advice, or really, anything other than entertainment. Take everything you hear with a grain of salt. Oh, and if you're hearing us on an affiliate network, the ideas and views expressed on this show are not necessarily those of the network you are listening on, or of any sponsors or any affiliate products you may hear about on the show.
via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/incentivizing-the-use-of-blockchain-with-grant-blaisdell-the-tatiana-show-ep-280
Tuesday 27 October 2020
JPMorgan Invites Banks and Fintechs to Build on Its Revamped Blockchain Network
Liink wants its 400-plus financial institutions (including 25 of the largest 50 banks) to start building on top of the platform.
via CoinDesk https://www.coindesk.com/jpmorgan-invites-banks-and-fintechs-to-build-on-its-revamped-blockchain-network
Cred Says Fraudulent Activity Led to Loss of Funds; Law Enforcement Investigating
Decentralized lending platform Cred says it's cooperating with law enforcement over a "loss of funds."
via CoinDesk https://www.coindesk.com/cred-says-fraudulent-activity-led-to-loss-of-funds-law-enforcement-investigating
Coinbase Goes Down as Bitcoin Approaches 2019 Highs
Coinbase has halted trading on its platform as bitcoin crawls to 2019 highs.
via CoinDesk https://www.coindesk.com/coinbase-goes-down-as-bitcoin-approaches-2019-highs
Market Wrap: Bitcoin Jumps to $13.7K, Nearing 2019’s High; Ether Volatility Reverses Course
Bitcoin’s price is closing in on record 2020 highs as ether’s volatility picks up.
via CoinDesk https://www.coindesk.com/market-wrap-bitcoin-jumps-nearing-2019-high-ether-volatility-reverses
‘Convincing’ Phishing Attack Targets Ledger Hardware Wallet Users
Ledger confirmed that for the last week some customers have been the target of a phishing attack.
via CoinDesk https://www.coindesk.com/phishing-attack-ledger-cryptocurrency-wallet
BlockFi Takes 5% Stake in Grayscale’s $4.8B Bitcoin Trust
The crypto lender is only the second firm to disclose such a large GBTC stake, after Three Arrows Capital.
via CoinDesk https://www.coindesk.com/blockfi-takes-5-stake-in-grayscales-4-8b-bitcoin-trust
An Internet for Humans: Proof-of-Personhood Explained
Identity is one of our most fundamental human rights. In the age of surveillance, commodification and centralization, it is under threat.
via CoinDesk https://www.coindesk.com/proof-of-personhood-2030
JPMorgan Launches JPM Coin: Welcome to the Private Currency Era
The investment banking giant says the blockchain hype cycle has moved past inflated expectations and into the realm of being commercially viable.
via CoinDesk https://www.coindesk.com/jpmorgan-launches-jpm-coin-private-currency
First SEC Official to Say Ether Is Not a Security Is Leaving the Agency Later This Year
William Hinman, the director of the SEC’s division of corporation finance, is planning to leave the agency later this year.
via CoinDesk https://www.coindesk.com/first-sec-official-to-say-ether-is-not-a-security-is-leaving-the-agency-later-this-year
Citizen Bitcoin - Danny Diekroeger: From Baseball to Bitcoin
Danny Diekroger is a software engineer at CashApp and Bitgo before that. He has been writing some great threads educating about how bitcoin works and why we need it. He's working on compiling those into a short book. In this one we get into Danny's background as a pro baseball player, his evolution as a bitcoin builder, cover a few bitcoin education topics like Replace By Fee and Taproot and talk about why we need Bitcoin, especially in this moment.
via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/citizen-bitcoin-danny-diekroeger
This Paradigm-Backed Startup Is Offering DeFi’s First ‘T-Bill’
Newly launched DeFi lending project Yield Protocol is offering stable interest rates for investors.
via CoinDesk https://www.coindesk.com/paradigm-startup-defi-first-t-bill
Blockchain Bites: JPM Coin Goes Live, Bitcoin Rallies, Stocks Falter
PLUS: Southeast Asia's largest bank by assets, DBS, is eyeing a digital assets exchange.
via CoinDesk https://www.coindesk.com/jpm-coin-bitcoin-defi-dbs
How a Decentralized Internet Can Power Latin America’s Economy
Bitcoin, fintech and DeFi can help Latin America become an interconnected and inclusive regional economy.
via CoinDesk https://www.coindesk.com/how-a-decentralized-internet-can-power-latin-americas-economy
India Will Soon Have Crypto ‘Banking’ at 22 Physical Locations
Cashaa is teaming with a credit cooperative society to provide cryptocurrency financial services at 22 branches in the north of India.
via CoinDesk https://www.coindesk.com/india-will-soon-have-crypto-banking-at-22-physical-locations
China’s Coronavirus Outbreak Prompts Blockchain Adoption for Charity
China’s banking and digital payment giants are using blockchain technology to add transparency to charity organizations' donation distribution networks.
via CoinDesk https://www.coindesk.com/china-coronavirus-charity-blockchain
4 Bitcoin Lightning Network Vulnerabilities That Haven’t Been Exploited (Yet)
Bitcoin’s Lightning Network has a few of vulnerabilities that have been discovered in its two-year lifespan, but none have been exploited.
via CoinDesk https://www.coindesk.com/bitcoin-lightning-network-vulnerabilities-not-exploited-yet
Publicly Traded INX Crypto Exchange Acquires Broker-Dealer Openfinance
INX Limited, a cryptocurrency exchange that went public on Ethereum last month, will purchase U.S. broker-dealer Openfinance Securities.
via CoinDesk https://www.coindesk.com/publicly-traded-inx-acquires-broker-dealer-openfinance
First Mover: Bitcoin Surges to New 2020 High as Harvest Debacle Provides Costly DeFi Lesson
This week's $24M exploit of DeFi platform Harvest shows risks as real as rewards in open-beta crypto markets, where investor protection is minimal.
via CoinDesk https://www.coindesk.com/first-mover-bitcoin-2020-high-harvest-defi-lesson
More Than Half of US Investors Interested in Bitcoin, Grayscale Survey Finds
A survey from Grayscale Investments suggests interest in bitcoin is on the rise, with the coronavirus being a driver of new investors.
via CoinDesk https://www.coindesk.com/more-than-half-of-us-investors-interested-in-bitcoin-grayscale-survey-finds
JPMorgan’s ‘JPM Coin’ Is Live, Execs Say
A major tech firm is about to start using JPM Coin in global payments, as the investment bank doubles down on its blockchain business.
via CoinDesk https://www.coindesk.com/jpmorgans-jpm-coin-is-live-exec-says
Bitcoin Hits 15-Month High Despite Sell-Off in Global Stocks
Bitcoin's (BTC) price has climbed to 15-month highs even as coronavirus-induced instability rocks the stock markets.
via CoinDesk https://www.coindesk.com/bitcoin-hits-15-month-high-despite-sell-off-in-global-stocks
Singapore Bank DBS Looks to Be Planning a Digital Asset Exchange
DBS is planning to launch an exchange for trading bitcoin and other cryptocurrencies, according to a cached website page.
via CoinDesk https://www.coindesk.com/singapore-bank-dbs-looks-to-be-planning-a-digital-asset-exchange
Kraken CEO Jesse Powell Issues Tough Critique of ‘Reckless’ DeFi Launches
"Stop f**king up your bulls**t DeFi scams and expecting exchanges to bail you out," Powell said.
via CoinDesk https://www.coindesk.com/kraken-ceo-jesse-powell-issues-tough-critique-of-reckless-defi-launches
Crypto Exchange Huobi Adds Direct Visa, Mastercard Payments
The exchange is making it simpler to pay for cryptocurrency with Visa and Mastercard with a direct service through a regulated subsidiary.
via CoinDesk https://www.coindesk.com/crypto-exchange-huobi-adds-direct-visa-mastercard-payments
Ocean V3 Brings Wave of Data Monetization Tools to Ethereum
A third version of Ocean Protocol has been released, fleshing out its vision for “datatokens” and decentralized data marketplaces.
via CoinDesk https://www.coindesk.com/ocean-protocol-v3-data-monetization-tools-ethereum
Monday 26 October 2020
Bitcoin Price Breaches $12K for First Time Since August
Bitcoin prices had to overcome a large number of sell orders to break above $12,000.
via Search Results for “Dash” – CoinDesk https://www.coindesk.com/bitcoin-trades-above-12k
US Bail Funds Are Seeing an Uptick in Cryptocurrency Donations
The Bail Project, Chicago Community Bond Fund and Nashville Community Bail Fund take cryptocurrency donations not just in BTC, but also ETH and even BAT.
via CoinDesk https://www.coindesk.com/us-bail-funds-uptick-cryptocurrency-donations
Harvest Finance: $24M Attack Triggers $570M ‘Bank Run’ in Latest DeFi Exploit
Harvest Finance has seen its total value locked drop by more than $500 million in the 12 hours since being hit by a flash loan attack.
via CoinDesk https://www.coindesk.com/harvest-finance-24m-attack-triggers-570m-bank-run-in-latest-defi-exploit
Video: Wasabi, Crypto Anarchy And Freedom W/ Max Hillebrand
Listen to the episode here:
For this episode of the Bitcoin Magazine Podcast, host CK sits down with Max Hillebrand (@HillebrandMax), a prolific Bitcoin education and member of the Bitcoin privacy research group zkSNACKs. The pair dive into updates on Wasabi Wallet (ZKSnacks’ primary product) and discuss higher-level introductions to topics that are essential for all Bitcoiners and advocates of liberty.
Specific topics discussed include:
- Wasabi Wallet, Bitcoin mixing updates
- Chaincase creating a mobile client for Wasabi CoinJoins
- Explaining crypto anarchy
- Explaining property rights
- Discussing Wasabi’s growth
- All of the different aspects of Wasabi Wallet that make it a fantastic privacy wallet
- A shoutout to Andrew Chow for the HWI integration
- Explaining how Chaincase is creating a mobile client for Wasabi
- Discussing 6102 and Bitcoin CoinJoin
The post Video: Wasabi, Crypto Anarchy And Freedom W/ Max Hillebrand appeared first on Bitcoin Magazine.
via Bitcoin Magazine https://bitcoinmagazine.com/articles/video-wasabi-crypto-anarchy-and-freedom-w-max-hillebrand?utm_source=rss&utm_medium=rss&utm_campaign=video-wasabi-crypto-anarchy-and-freedom-w-max-hillebrand
The Delphi Podcast - Diane Dai: DODO The Proactive Market Maker
Chain Reaction Host Tom Shaughnessy hosts Diane, the co-founder of DODO. They discuss DODO, the proactive market maker that's competing with Uniswap and others AMMs. DODO has $100M in its pools, but Diane explains why it's much more efficient vs peers.
via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/the-delphi-podcast-diane-dai-dodo-the-proactive-market-maker
Blockchain Bites: DeFi’s Harvest Hit, IRS’ Crypto Clarification, JPMorgan’s Buoyant Bitcoin Note
PLUS: Ethereum developer Virgil Griffith's legal defense, PayPal's dropped client and more.
via CoinDesk https://www.coindesk.com/defi-harvest-irs-crypto-jpmorgan-bitcoin
Notional Launches Out of Stealth to Bring Fixed-Rate Lending to DeFi
Notional enables fixed-rate debt on Ethereum using a new on-chain automated market maker.
via CoinDesk https://www.coindesk.com/notional-launches-out-of-stealth-to-bring-fixed-rate-lending-to-defi
The Big Choices When Designing Central Bank Digital Currencies
A retail CBDC or an indirect one? Synthetic? An API approach? How central banks implement digital currencies will have seismic implications.
via CoinDesk https://www.coindesk.com/big-choices-designing-central-bank-digital-currencies
Monero Reaches 2-Year High, Taking YTD Gain to 200%
Regulatory scrutiny is likely garnering more attention for monero amid an upward-trending broader market.
via CoinDesk https://www.coindesk.com/monero-2-year-high
How Bitcoin Mixers Help Protect Privacy
This is a promoted article provided by bitcoinmix.org.
Bitcoin mixers are services that mix BTC from different sources to obscure their transaction history. Using these services, Bitcoiners can protect their privacy and keep prying eyes from assessing the history of their funds or other information about them.
Bitcoin addresses are pseudonymous, and don’t inherently reveal the specific real-world identity of their owners, but they can be traced back to exchanges or other points at which an owner may have revealed their real-world identity. Blockchain analysis techniques are capable of deriving the amount of BTC someone holds, the things they’ve used their funds to buy or other information based on Bitcoin addresses.
Why Use A Bitcoin Mixer?
There are many reasons some Bitcoin users might not want the history of their BTC to be discovered. For instance, the revelation that a user holds a large amount of funds might make them a target of theft or scam. Or those living under repressive regimes might want to ensure that their financial activity is free from censure.
Mixing services can obscure this analysis in a variety of ways. Proposals for bitcoin mixers have included centralized parties that promise to mix coins, decentralized platforms, Lightning Network-style payment channels and projects that use privacy-focused altcoins as intermediary mixing steps.
Chaumian CoinJoin mixers, for instance, see groups of users send the same amount of BTC to a new Bitcoin address that they control and then merge all of the individual transactions into one main transaction. Users then take the same amount of BTC they originally sent back out, and now they have effectively obscured the previous activity of their bitcoin. Other services charge fees that are then used to financially motivate people to offer their own bitcoin to be mixed, thus improving the mixing efficacy.
Introducing Bitcoinmix.org
Bitcoinmix.org uses algorithms to shuffle users’ bitcoin and secure their identity. Users can input the address to which they would like their BTC forwarded and input a custom time delay before mixing. The service does not store any logs to protect user anonymity and does not collect personal data. The service is completely automated, so it’s not necessary to put your trust in a person.
By making it convenient, secure and effective to mix your bitcoin, bitcoinmix.org is adding an oft-needed privacy layer to the original cryptocurrency network.
The post How Bitcoin Mixers Help Protect Privacy appeared first on Bitcoin Magazine.
via Bitcoin Magazine https://bitcoinmagazine.com/articles/how-bitcoin-mixers-help-protect-privacy?utm_source=rss&utm_medium=rss&utm_campaign=how-bitcoin-mixers-help-protect-privacy
Uniswap, Curve Daily Trading Volumes Surges Past $2B, Likely Driven by Harvest Attack
Daily trading volume on Uniswap surged by over 1,200% to a record $2.04 billion, surpassing the previous record high of $953.59 million registered on Sept. 1 by a big margin.
via CoinDesk https://www.coindesk.com/uniswap-curve-volume-harvest-attack
Benoit Coeure Reveals BIS Plan for CBDC Trial Starting in 2020
BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank.
via CoinDesk https://www.coindesk.com/benoit-coeure-reveals-bis-plan-for-cbdc-trial-starting-in-2020
Silvergate Bank Sees 40% Increase in Deposits From Digital Currency Customers
Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020.
via CoinDesk https://www.coindesk.com/silvergate-bank-q3-2020-earnings
Roll Raises Another $1M to Make Money Social
Personal token platform Roll is announcing the raise of $1 million from Fabric Ventures, IOSG, William Mougayar and others.
via CoinDesk https://www.coindesk.com/roll-raises-another-1m-to-make-money-social
Marathon Purchases Additional 10,000 S-19 Pro Miners from Bitmain
Nasdaq-listed bitcoin mining company Marathon Patent Group signed a contact to purchase an additional 10,000 Antminer S-19 Pro miners from Bitmain, according to a Monday morning release.
via CoinDesk https://www.coindesk.com/marathon-purchases-asics-bitmain
First Mover: Bitcoin Steady Over $13K as JPMorgan Has Eureka Moment
Bitcoin traders can be forgiven for gloating over JPMorgan's sudden pronouncement that the largest cryptocurrency has considerable long-term upside.
via CoinDesk https://www.coindesk.com/first-mover-bitcoin-steady-13k-jpmorgan-eureka
Number of Bitcoin ‘Whale’ Addresses at Highest Since Fall 2016
The number of investors with over 1,000 bitcoin has peaked to four-year highs amid the recent price rally.
via CoinDesk https://www.coindesk.com/number-of-bitcoin-whale-addresses-at-highest-since-fall-2016
PayPal-Backed Blockchain Analytics Firm Hires Former US Treasury Adviser
TRM Labs, a blockchain analytics firm with backing from PayPal, is adding Ari Redbord as its head of legal and government affairs.
via CoinDesk https://www.coindesk.com/paypal-backed-blockchain-analytics-firm-hires-former-us-treasury-adviser
Election 2020: What’s at Stake for the Crypto Industry
While neither major Presidential candidate is campaigning on a crypto platform, who they appoint to head up federal agencies will shape policy for years to come.
via CoinDesk https://www.coindesk.com/election-2020-policy-outcomes
Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS’ Draft 2020 Guidance
The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.
via CoinDesk https://www.coindesk.com/tax-payers-must-disclose-airdropped-forked-cryptos-says-irs-draft-2020-guidance
PayPal Cuts Service to Crypto-Funded Domain Registrar Hosting Right-Wing Sites
A report suggests the action may be over the firm's digital currency, Masterbucks.
via CoinDesk https://www.coindesk.com/paypal-cuts-service-to-crypto-funded-domain-registrar-hosting-right-wing-sites
Tether Froze $300K of Stablecoin Hacked After Victims Left Wallet Keys in Evernote
The U.S. government is pursuing a civil forfeiture claim on the more than 300,000 units of the tether (USDT) cryptocurrency said to have been stolen earlier this year.
via CoinDesk https://www.coindesk.com/tether-froze-300k-of-stablecoin-hacked-after-victims-left-wallet-keys-in-evernote
Sunday 25 October 2020
Harvest Finance Token Plummets 65% After Attack Saps DeFi Site of TVL
A possible exploit in DeFi protocol Harvest Finance has caused the site's TVL to drop sharply, along with the price of its FARM token.
via CoinDesk https://www.coindesk.com/defi-platform-harvest-finance-exploit
Ethereum Dev Virgil Griffith’s Attorney Files Motion to Dismiss Charges of Aiding North Korea
The motion, filed by Brian Klein, claims the indictment of Griffith doesn't "specify any alleged overt facts," and contains no actual allegation of fact.
via CoinDesk https://www.coindesk.com/virgil-griffiths-motion-dismiss-north-korea
Crypto Long & Short: Why the PayPal Rally Isn’t What It Seems, and Why That’s OK
PayPal opening up its network to bitcoin and crypto is a game-changer, but the announcement hides a bigger and more important message.
via CoinDesk https://www.coindesk.com/paypal-bitcoin-crypto-rally-meaning
DeFi Still Needs a Silk Road Moment
Adoption by criminal enterprises is evidence of the product/market fit for censorship-resistant tech and an indicator of whether innovation will see usage in the non-criminal world.
via CoinDesk https://www.coindesk.com/defi-still-needs-a-silk-road-moment
Should We Care if the US Is Falling Behind on CBDCs?
A reading of two recent op-eds on central bank digital currencies (CBDCs).
via CoinDesk https://www.coindesk.com/care-us-falling-behind-cbdcs
Saturday 24 October 2020
Bitcoin Price Closes Above $13K for First Time Since January 2018 Driven by a Flurry of Good News
Bitcoin had previously failed to close above $13,000 every day since Jan. 15, 2018.
via CoinDesk https://www.coindesk.com/bitcoin-13000-price-daily-close
Chimamanda Ngozi Adichie: Nigeria Is Murdering Its Citizens
Bitcoin’s Rivalry With Gold Plus Millennial Interest Gives It ‘Considerable’ Upside Potential: JPMorgan
A Friday note outlines institutional, corporate, and Millennial interest in the leading cryptocurrency.
via CoinDesk https://www.coindesk.com/bitcoin-gold-millennials-jpmorgan-price
Billionaire Hedge Fund Manager Paul Tudor Jones: A Bet on Bitcoin Is a Bet on Human Ingenuity
A recap of an exceptionally bullish week for bitcoin and crypto as a whole.
via CoinDesk https://www.coindesk.com/paypal-paul-tudor-jones-breakdown
Let's Discuss Sugar Daddies - Proof of Love Ep. 80
On this very special episode of Proof of Love, Tatiana & Lauren talk about patrons vs. "sugar daddies" and share some of their own stories about older men who have given them their financial and emotional support over the years. Tatiana opens up about a recent, deeply negative experience that has affected her business, emotional health and personal relationships. She talks candidly about exactly what happened and the toll it's taken on her personally and professionally, and she & Lauren talk about how to avoid such situations in the future.
Do you have a burning question, or a show idea for us? Please email us attatiana@proofoflovecast.com!
If you like this content, please send a tip with BTC to1Q2QHoNowg8D2QzWhBQU1YrraG771aCpgS
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*You have been listening to Proof of Love. This show may contain adult content, language, and humor and is intended for mature audiences. If that's not you, please stop listening. Nothing you hear on Proof of Love is intended as financial advice, legal advice, therapy or really, anything other than entertainment. Take everything you hear with a grain of salt. Oh, and if you're hearing us on an affiliate network, the ideas and views expressed on this show, are not necessarily those of the network you are listening on, or of any sponsors or any affiliate products you may hear about on the show.
via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/lets-discuss-sugar-daddies-proof-of-love-ep-80
Friday 23 October 2020
FBI Investigated Extortion Attempt Against Ripple About Allegedly Negative Videos
Ripple, the XRP digital asset payment service provider, was threatened with the release of allegedly damaging videos unless it paid $1.5 million.
via CoinDesk https://www.coindesk.com/fbi-investigated-extortion-attempt-against-ripple-about-allegedly-negative-videos
Why Fiats Are Failing in 2020
From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both?
via CoinDesk https://www.coindesk.com/fiats-failing-2020
US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise
The Fed and the Financial Crimes Enforcement Network want to lower the threshold for reporting financial transactions and make sure crypto is included.
via CoinDesk https://www.coindesk.com/fincen-fed-transfer-dragnet
Vortex Blockchain’s Registration Revoked for Failure to File Reports With SEC
The company had failed to file any reports with the commission since Dec. 31, 2019.
via CoinDesk https://www.coindesk.com/vortex-blockchains-registration-revoked-for-failure-to-file-reports-with-sec
Ken Kurson, Trump Family Friend and Ripple Board Member, Arrested on Cyberstalking Charge: Report
Ken Kurson was arrested Friday and charged with cyberstalking in connection with his divorce, the New York Times reported.
via CoinDesk https://www.coindesk.com/ken-kurson-trump-family-friend-and-ripple-board-member-arrested-on-cyberstalking-charge-report
What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators
NYDFS proposals following the Twitter hack are a warning to everyone using centrally-controlled "designated" platforms.
via CoinDesk https://www.coindesk.com/twitter-systemically-important-financial-regulators
Bitcoin Is A Mature Asset
Bitcoiners have to endure a lot of criticism from those who are still skeptical of the digital asset. A lot of the time, this skepticism comes from misunderstandings about the true nature of what the network is capable of. Headlines like “Bitcoin Was Hacked,” “Bitcoin Is Used By Criminals,” and “Bitcoin Is Bad For The Environment” are examples of the common misunderstandings that Bitcoiners have to disprove to their colleagues, friends and family whenever the topic comes up.
One such argument that may be difficult to counter is the fact that bitcoin is a very young asset. It was introduced just 11 years ago and many naysayers dismiss Bitcoin altogether because they see it as a new experiment or fad that will die out, like MySpace or Beanie Babies. But what if there is a very sound counterpoint that may convince the cynics that bitcoin is indeed on its way to becoming a true, tested and mature asset?
Historic Market Hours And Other Factors To Consider
We can think about the maturity of an asset through the lens of the hours it has been publicly traded, as opposed to the number of years it has existed on the market.
Let’s take the beloved S&P 500 for example. First, we need to consider the date it began trading and how many days out of the year it usually trades for. The S&P 500 was founded on March 4, 1957, while trading hours occurred only on Mondays through Fridays from 10:00 a.m. to 3:30 p.m. and are closed on holidays.
This would equate to 5.5 hours of trading on a normal business day with 252 total trading days in a year. However, we cannot calculate the number of hours until we address how market hours have been changed over the course of history.
It wasn’t until October 1974 that the exchanges began operating from 10:00 a.m. to 4:00 p.m., which would allow markets to trade for six hours on regular business days. And then again, in 1984, the market hours were switched to the current times of 9:30 a.m. to 4:00 p.m., which would allot 6.5 hours per trading day.
Types Of Days That Are Excluded
Leap Year days, half days (this depends upon which day of the week certain holidays occur), closings due to catastrophic events (such as September 11, 2001 and the spread of COVID-19) are not factored into our calculations.
Something to keep in mind when discussing the benefits of bitcoin as compared to equity markets is the year-round, 24/7 availability to trade the digital asset. If you have access to a bitcoin exchange, you are able to buy and sell your bitcoin whenever it is convenient. Trade halts in the middle of the day do not keep bitcoin from being traded. Even if all of the bitcoin exchanges in your area were to close up shop, you would still have access to trade through peer-to-peer exchanges. There is always someone around the world willing to trade bitcoin. In contrast, trading stocks requires a broker and specific hours of operation.
The last thing to mention is the Cowles Index, created by Alfred Cowles, who was an economist and founder of the Cowles Commission. In 1938, Cowles felt it necessary to track the performance of the average investor with a stock market index. We will not include the trading hours of the Cowles Index in our calculations, but felt it necessary to mention because it is the predecessor of the S&P 500.
With all of this in mind, we may now calculate a rough estimate of the number of hours for which the S&P 500 has allowed trading since its official inception in 1957. We will then compare the trading time of the index with bitcoin’s trading time.
Calculating the S&P 500’s Total Market Hours Vs. Bitcoin’s
The span between March 4, 1957 to September 30, 1974 equals 4,449 workdays. Multiply 4,449 workdays by 5.5 hours per day and we get 24,469.5 hours.
The span from October 1, 1974 to December 30, 1983 would equal 2,321 workdays. Multiply 2,321 workdays by 6 hours and we get 13,926 hours.
The span from January 2, 1984 to October 30, 2020 would equal 9,207 workdays. Multiply 9,207 workdays by 6.5 hours and we get 59,845.5 hours.
If we add all of those hours up together, then we get a total of 98,241 trading hours for the S&P 500 throughout its history (which does not factor in half days or closings due to catastrophic events, as noted above).
Now, let’s apply that same math to Bitcoin.
Bitcoin’s network was launched in January 2009 but did not start experiencing price discovery until it was traded on BitcoinMarket.com (no longer in operation) on March 17, 2010. Bitcoin trades 24/7 every day of the year, so the calculations are a lot easier to determine. The number of days from March 17, 2010 to October 30, 2020 (we will use the same end date as we do for the S&P 500) gives us 3,881 days. We can multiply the total days by 24 (hours in a day) to get 93,144 total hours of trading time for bitcoin.
This would project Bitcoin to overtake the S&P 500’s trading hours by July 18, 2021. Bitcoin will have more trading hours than one of the most highly-respected indexes of all time in a little over a year after it’s third subsidy halving. We can also apply this type of math to other markets as well and project when Bitcoin will overtake the amount of hours for which each of these markets have traded.
Stealth Date Calculations
“Stealth dates” are the nearest projected dates that Bitcoin overtakes the amount of trading hours for any particular market. For this exercise, trading hours are calculated from the date of each market’s inception up to the date of October 30, 2020.
Please note that we are also not calculating the number of hours during which futures are traded and are not including after-hours trading.
All listed dates are projections and are not entirely accurate because we are not taking into account leap years, half days that occur throughout the year, catastrophic events or other unique circumstances.
Bitcoin (BTC)
- Year founded: 2009 (price discovery began in 2010)
- Total trading hours: 93,144 hours
DOW Jones Industrial Average (DJIA)
- Year founded: May 26, 1896
- Total trading hours: 182,127.5
- Stealth date: April 25, 2033*
- Total hours until stealth date: 109,440
- Stealth date completion percentage: 46%
S&P 500 (^GSPC)
- Year founded: March 4, 1957
- Total trading hours: 98,241
- Stealth date: July 18, 2021**
- Total hours until stealth date: 6,264
- Stealth date completion percentage: 93%
NYSE Composite (^NYA)
- Year founded: December 31, 1965
- Total trading hours: 80,272.5
- Stealth date: April 16, 2019
- Total hours until stealth date: -12,871.5
- Stealth date completion percentage: 116%
NASDAQ Composite (^IXIC)
- Year founded: February 5, 1971
- Total trading hours: 78,677.5
- Stealth date: March 8, 2019
- Total hours until stealth date: -14,466.5
- Stealth date completion percentage: 118%
Wilshire 5000 Total Market Index (^W5000)
- Year founded: 1974
- Total trading hours: 74,662.5
- Stealth date: September 21, 2018
- Total hours until stealth date: -18,481.5
- Stealth date completion percentage: 124%
There is, of course, the argument that volume has a huge effect on the maturity of an asset and this is true. Bitcoin’s volume will need to increase and be verified through better methods before it is able to truly become a mature asset. In many ways bitcoin is still discovering how and where it fits within our world. But knowing that bitcoin, at the time of this writing, has traded around 93 percent of the same hours as the S&P 500 has traded within its lifetime, allows everyone inside and outside of the Bitcoin space to reconsider how far along we really are. At the very least, skeptics will be hard-pressed to find a rebuttal against these numbers.
Special thanks to @BitcoinTina and my sister Peri for helping me complete this piece.
Calculating Projected Stealth Dates:
*Calculating the projected stealth date for the DOW Jones Industrial Average:
8,760 = Number of hours in the year
93,144 = Total number of hours bitcoin has traded since inception
1,638 = Trading hours for equity markets per year (9:30 a.m. to 4:00 p.m. on weekdays excluding holidays)
182,127.5 = Total number of hours the DOW has traded since inception
We will now solve for x:
8,760x + 93,144 = 1,638x + 182,127.5
-93,144. -93,144
8760x = 1,638x + 88,983.5
-1,638x -1,638x
7,122x = 88,983.5
/7,122 /7,122
x = 12.494
Convert to days
12.494 * 365 = 4,560.31
Next step would be to add 4,560 days to October 30, 2020 which would equal April 25, 2033.
**Calculating the projected stealth date for the S&P 500:
8,760 = Number of hours in the year
93,144 = Total number of hours bitcoin has traded since inception
1,638 = Trading hours for equity markets per year (9:30 a.m. to 4:00 p.m. on weekdays excluding holidays)
98,241 = Total number of hours the S&P 500 has traded since inception
We will now solve for x:
8,760x + 93,144 = 1,638x + 98,241
-93,144 -93,144
8,760x = 1,638x + 5,097
-1,638x -1,638x
7,122x = 5,097
/7,122 /7,122
x = 0.715
Convert to days
0.715 * 365 = 260.975
Next step would be to add 261 days to October 30, 2020 which would equal July 18, 2021.
The post Bitcoin Is A Mature Asset appeared first on Bitcoin Magazine.
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Blockchain Bites: China’s Tether Crackdown, CME’s Bustling Bitcoin Markets, Kin’s ‘Active Development’
ALSO: PayPal is said to be in talks to purchase cryptocurrency firms including BitGo. What does that mean for crypto?
via CoinDesk https://www.coindesk.com/blockchain-bites-tether-crackdown-bitcoin-markets-kin-active-development
Video: Sync Bitcoin Faster! Assume UTXO
On this episode of The Van Wirdum Sjorsnado, Aaron and Sjors discuss “Assume UTXO,” a proposal and project by Chaincode Labs alumnus James O’Beirne.
One of the biggest, if not the biggest, bottlenecks for scaling Bitcoin is initial block download: the time it takes for a Bitcoin node to synchronize with the Bitcoin network, as it needs to process all historic transactions and blocks in order to construct the latest UTXO-set: the current state of bitcoin-ownership.
Aaron and Sjors explain some of the ways sync-time has been sped up over time. First, sync-time was improved through “Headers First” synchronization, which ensures that new Bitcoin nodes don’t waste time validating (potentially) weaker blockchains. In recent years, sync-time has been improved with “Assume Valid,” an optional shortcut that lets nodes skip signature verification of older transactions, instead trusting that the Bitcoin Core development process in combination with the resource-expensive nature of mining offers a reliable version of transaction history.
Finally, they explain how the security assumptions underpinning Assume Valid could be extended to allow for the potential future upgrade Assume UTXO to offer new Bitcoin Core users a speedy solution to get up to speed with the Bitcoin network, sacrificing a minimal amount of security during the initial bootstrapping phase.
Helpful links for following along wit the episode:
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via Bitcoin Magazine https://bitcoinmagazine.com/articles/video-sync-bitcoin-faster-assume-utxo?utm_source=rss&utm_medium=rss&utm_campaign=video-sync-bitcoin-faster-assume-utxo
Money Reimagined: ‘They Starve’: The Ugly Side of the US’ KYC-AML Obsession
Laws like the Bank Secrecy Act, which turns 50 this week, have helped stop money laundering and terrorism. But KYC and AML requirements have served to harm the world's neediest through higher costs and reduced services.
via CoinDesk https://www.coindesk.com/money-reimagined-ugly-side-kyc-aml-obsession
A New Company Claims It’s Opening the Biggest Mining Farm in Russia
MineSpot, a company previously unknown in the crypto mining industry, is opening a 160-megawatt mining venue in Siberia.
via CoinDesk https://www.coindesk.com/minespot-russia-mining-farm
Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.
via CoinDesk https://www.coindesk.com/law-yuan-stablecoin-outlaw
Active Bitcoin Addresses at Highest Since 2017’s $20K Price Record
Continued rise in network's usage could accelerate the price rally.
via CoinDesk https://www.coindesk.com/active-bitcoin-addresses-highest-2017-record
Digital Ruble ‘Promising,’ Pilot Likely in 2021, Says Bank of Russia Chief
The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said.
via CoinDesk https://www.coindesk.com/bank-of-russia-chief-talks-digital-ruble-sees-pilot-in-2021
Kik’s Token Survives SEC Battle, No Barrier to Exchange Listings, Says Kin Foundation
The Kin Foundation says both itself and the Kin token have survived the recently resolved court battle with the U.S. SEC over a 2017 ICO.
via CoinDesk https://www.coindesk.com/kiks-token-survives-sec-battle-no-barrier-to-exchange-listings-says-kin-foundation
First Mover: As Bitcoin Tops $13K, Analyst Explains How Blockchain Gives Clues on Next Move
Chainalysis Chief Economist Philip Gradwell tips his five favorite blockchain data points for analyzing cryptocurrency markets.
via CoinDesk https://www.coindesk.com/first-mover-bitcoin-tops-13k-blockchain-clues-next-move
Ripple Eyeing Move to London Over XRP-Friendly Stance, CEO Says
It would be "advantageous for Ripple to operate in the U.K.,” said Ripple CEO Brad Garlinghouse.
via CoinDesk https://www.coindesk.com/ripple-eyeing-move-to-london-over-xrp-friendly-stance-ceo-says
CME’s Rise in Bitcoin Futures Rankings Signals Growing Institutional Interest
CME has risen to second place in terms of bitcoin futures open interest, passing Binance and BitMEX.
via CoinDesk https://www.coindesk.com/cmes-rise-in-bitcoin-futures-rankings-signals-growing-institutional-interest
Five On-Chain Indicators Investors Should Follow: Chainalysis
We talk to Philip Gradwell, chief economist at the blockchain intelligence firm Chainalysis, to discuss the five indicators every crypto trader should track.
via CoinDesk https://www.coindesk.com/indicators-crypto-traders-chainalysis
BitMEX Delves Deeper Into DeFi With New Futures Listings
BitMEX is soon to offer futures contracts for DeFi project yearn.finance (YFI), Polkadot (DOT) and Binance coin (BNB).
via CoinDesk https://www.coindesk.com/bitmex-delves-deeper-into-defi-with-new-futures-listings
Chinese Authorities Crack Down on Gambling Sites Using Tether Stablecoin
Chinese authorities have arrested 77 individuals and shuttered gambling sites using the dollar-pegged tether (USDT) cryptocurrency.
via CoinDesk https://www.coindesk.com/china-usdt-crackdown
Thursday 22 October 2020
Grayscale Added $300M in Digital Assets to Its Portfolio During the Last Day
Digital asset manager Grayscale Investments has acquired an additional $300 million in cryptocurrencies over the last 24 hours. See also: Grayscale Tells SEC Its Bitcoin Trust Rose $1.6B Over Six Months
via CoinDesk https://www.coindesk.com/grayscale-added-300m-digital-assets-to-its-portfolio-during-the-last-day
Filecoin Network Upgrade Goes Live, Miners Claim 25% Block Rewards
The mandatory upgrade is the first post-launch upgrade to the Filecoin network.
via CoinDesk https://www.coindesk.com/filecoin-miners-upgrade-vesting
We Still Lack a Rational Way to Value Tokens
Tokens continue to show little correlation between usage and value, confounding efforts to build better valuation methods.
via CoinDesk https://www.coindesk.com/lack-rational-way-value-tokens
Lossless Lottery PoolTogether Opens Up to More Coins, More Prizes
PoolTogether v3 will enable more ERC-20 tokens, more yield sources and more prize distribution schemes for the DeFi savings game.
via CoinDesk https://www.coindesk.com/lossless-lottery-pooltogether-opens-up-to-more-coins-more-prizes
PayPal Brings Users To Bitcoin, But Not The Bitcoin Network
News broke on the morning of October 21 2020, that PayPal would grant its users the ability to purchase, sell and hold bitcoin within its app.
PayPal’s stock price rose 4.65 percent on the news, and the bitcoin price continued its rise from $11,400 to $12,700 by midday.
There is no denying that PayPal is a monster in the mobile and digital payment processing space. Since the lockdowns stemming from the spread of COVID-19, consumers and businesses are transacting with cash less often, and more often paying for goods with 1s and 0s from their mobile devices. It only makes sense that PayPal would allow its users the ability to buy and own the world’s first (to some enthusiasts, the world’s only) digital and decentralized global currency: bitcoin.
But what does PayPal bring to the table for Bitcoin that Jack Dorsey’s company — Square — hasn’t already with its rapidly-growing financial app Cash App? Cash App has offered customers bitcoin since the summer of 2019, and the platform has seen incredible growth.
“Cash App delivered $1.2 billion in revenue alone and $281 million of gross profit during the second quarter, an increase of 361% and 167% year-over-year, respectively,” according to ZDNet. “In total, Cash App generated $54 million in transaction-based revenue over the quarter.”
Additionally, Cash App’s parent company, Square, announced on October 8, 2020, that it had allocated about 2 percent of the cash on its balance sheet to bitcoin — a total investment of $50 million or 4,708 bitcoin at an average price of roughly $10,620. This investment has grown by over 15 percent since October 8 and is worth more than $57 million at the time of this writing.
Still, Cash App pales in comparison to PayPal, as it has only 30 million active users, Roughly 10 percent of PayPal’s monthly customer base.
But this isn’t the only difference between Cash App and PayPal.
The most noticeable difference in the two companies’ Bitcoin offerings is in PayPal users’ inability to withdraw bitcoin from their PayPal account to another bitcoin wallet. CashApp, on the other hand, allows its users to withdraw their bitcoin, and Cash App even covers the network fees of the withdrawal by batching the transactions. Of course, in compliance with U.S financial law, Cash App is required to get information about its users (including your name, SSN, picture of your driver’s license, etc). But once Cash App has that information, it allows them to withdraw and transact their bitcoin freely. PayPal announcement didn’t include support for this “feature.” You can buy bitcoin, hold it and sell it in their app — that’s it.
For many, this may not seem like a very significant difference. They may even prefer to just hold bitcoin in their PayPal account. Obviously, PayPal has a trusted consumer base: 300 million-plus people trust its services each month. So, it would be safe to assume that its customers will trust it to hold their bitcoin for them.
For many Bitcoiners, though, this is an insufferable difference. The word “insufferable” may not even be strong enough — let me explain:
The core thesis of Bitcoin (as stated in Satoshi Nakamoto’s infamous white paper), and the whole reason for Bitcoin’s decentralized proof-of-work consensus mechanism, is to empower the bitcoin owner with sovereign control over their funds. The word “immutable” is attributed to Bitcoin for this reason — if you’d like to transact your bitcoin, nobody can stop or “mute” your transaction. This is an incredible characteristic, unique to Bitcoin.
So, the fact that PayPal doesn’t allow its customers to withdraw their bitcoin is completely antithetical to the Bitcoin ethos. Bitcoiners will likely balk at and attack this fact — much like a swarm of hornets protects its queen from any and all bad actors potentially aiming to taint the purity of the hive’s bloodline.
Will PayPal follow Square’s lead and allocate a percentage of its $10 billion-plus of cash on hand into bitcoin? It only seems logical that it would hold a reserve of the global asset it now aims to hold for their customers. Time will tell, as all eyes remain set on consumer-access to bitcoin following the release of this news.
It can be safely concluded that PayPal offering its more than 300 million customers bitcoin is a bullish event. As is often stated, “There will only ever be 21 million bitcoin.” As mainstream exposure to bitcoin increases, so does mainstream demand for bitcoin.
This is a guest post by Adam Ortolf. Opinions expressed are entirely his own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
The post PayPal Brings Users To Bitcoin, But Not The Bitcoin Network appeared first on Bitcoin Magazine.
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Bitstamp Names Gemini Alum Julian Sawyer as CEO
Sawyer replaces Bitstamp's founder Nejc Kodrič, now in a "non-executive role."
via CoinDesk https://www.coindesk.com/bitstamp-hires-julian-sawyer-ceo
Bitcoin & Co - Gloria Zhao: A College Student's Journey to Bitcoin Core Development
Todays guest is Gloria Zhao, she is a Bitcoin Core developer, former president of "Blockchain at Berkeley" and will finish her Computer Science studies at the end of 2020. We discuss how Bitcoin and blockchain technologies are seen by her fellow college students, why she chose to work on Bitcoin only instead of all the other Silicon Valley stuff and blockchain projects that are around.
"Privacy and censorship resistance should be the default. We can't keep measuring technologies or applications based on how convenient they are or how cheap they are.We need to start thinking about how private they are." - Gloria Zhao
Topics:
Career expectations for college students in Silicon ValleyBlockchain education at the college Why Bitcoin, not blockchainHow she escaped the mindset of Silicon ValleyHow to become a Bitcoin Core developerHer Chinese roots Why privacy is so important in the digital era
Visit Gloria's recommended learning resources in the shownotes.
via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/bitcoin-co-gloria-zhao-college-student-journey-bitcoin-core-development
Justin Sun’s BitTorrent to Acquire Esports Platform for New Streaming Ecosystem
BitTorrent is evolving into an ecosystem of decentralized storage, data protocols and content distribution, the firm says.
via CoinDesk https://www.coindesk.com/justin-sun-bittorrent-acquire-esports-streaming-ecosystem
DOJ’s Crypto Framework Is ‘a Complete Disaster’ for Digital Privacy Rights
The U.S. Department of Justice's enforcement framework may pose a serious threat to the digital privacy rights of crypto users.
via CoinDesk https://www.coindesk.com/doj-privacy-encryption-framework