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CrypTocurrency Coin (CTC) is a peer-to-peer electronic monetary system based on cryptography.
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What Is ARK? Introduction To ARK Ecosystem And Token

What Is ARK? The ARK crew plans to bring blockchain to the masses by building a sandbox DIY ecosystem of blockchain development. The ARK platform uses SmartBridges and listeners to connect blockchains and has built-in support for over a dozen alternative programming languages, including Python, Java, Swift iOS, and Ruby. Recently, it launched the ARK Deployer, a graphic tool to create your own blockchain in minutes. The ARK coin is used to fuel transactions on the platform. ARK launched in February 2017 with an infrastructure borrowed heavily from Lisk, Bitshares, and Crypti. It then launched a second version of the Ark Core blockchain in November 2018, with a revamped code base and many improvements to the system. While a lot of blockchain projects are open source, ARK takes it a step further by making the blockchain palatable for both developers and users. This all-in-one, turnkey solution is basically like an Adobe Dreamweaver for blockchain. Ethereum learned the hard way in hosting a dApp ecosystem that it creates dozens of competitors looking to take it out. ARK is going a different way, encouraging blockchain development, and giving everyone an instant blockchain-in-a-box that goes beyond the blockchain-as-a-service concept offered by marketplaces like Amazon Web Services and Microsoft Azure. ARK boils down to a smarter way to execute and market a decentralized app platform just like Ethereum, NEO, and others. But its accessibility may prove to overcome any obstacles in ARK’s way. Let’s start our examination of the ARK network with the ARK token, the platform’s native cryptocurrency coin. ARK Cryptocurrency Summary ARK currently has a circulating supply of 112,551,204 out of 141,865,466 ARK as of May 30, 2019. Its peak price so far was $10.62, which occurred on January 9, 2018. The ARK ICO occurred from November 7 through December 11, 2016. A total of 125,000,000 ARK tokens (75 percent of the total supply) were distributed to ICO investors at this time, raising $22,000,000. Of the remaining supply, 15 percent was retained by the founding team, 7 percent was reserved for the ARKShield program, 2 percent set aside for bounties, and 1 percent held in escrow. ARKShield acts as an investment firm to help fund ARK and blockchain development. The ARK token is mined using a Delegated Proof of Stake (DPoS) consensus. Node operators who wish to become forgers must pay 25 ARK to register in the node selection voting. Only the top 51 nodes are allowed to create blocks, and are awarded 2 ARK for every block forged, which occurs approximately every 8 seconds. Each ARK network block contains 150 transactions. ARK transaction costs are determined by a market rate set by delegates. As network traffic gets higher, so do transaction fees. Exchanging ARK tokens is easy, as it’s accepted on a wide variety of cryptocurrency exchanges. ARK trading markets include Binance, Bittrex, Upbit, OKEx, LiteBit.eu, and COSS. Nearly $1 million worth of ARK is traded on a daily basis. ARK trading pairs include BTC, ETH, TUSD, USDT, and fiat currencies like EUR and USD. The ARK Crew has official ARK wallets available for desktop, mobile, and web platforms, along with a paper wallet. Raiders of a Lost Art In every discipline, there’s a platform everybody knows they need a competency in. For photographers and designers, it’s Adobe’s creative suite. Recording musicians know Pro Tools, and bloggers are typically competent in WordPress. Blockchain doesn’t really have that popular tool that’s penetrated the market for being powerful and intuitive. This is the gap ARK is hoping to fill, making blockchain development as easy as Dreamweaver makes web development. But how does it actually accomplish that goal? The first part is through building SmartBridges between the ARK blockchain and other traditional, distributed, and decentralized networks. This makes it easy to connect to blockchains like Ethereum, payment networks like SWIFT, game networks like Steam, and any other proprietary connection. The second part is the Deployer, a GUI-based tool to launch a custom blockchain based on Ark’s technology and DPoS consensus model. Because most heavy lifting happens offchain, the ARK network doesn’t get bogged down, making it more scalable than Bitcoin. Hoping to reduce attack susceptibility, ARK Core features two versions of the node software: Relay nodes – These are API nodes meant to gather data from outside the network, similar to oracles. Forging nodes – These are the mining nodes that process transactions. The ARK SDK supports over a dozen programming languages, including: .NET C C++ Elixer Go Java Kotlin Nucleid PHP/Laravel Python RPC Ruby Rust Swift iOS TypeScript API Pretty much any developer can use the ARK platform to develop their own dApp, just like on the Ethereum blockchain. However, many popular Ethereum-based projects eventually migrated either to their own chains or another dApp ecosystem like NEO. Understanding this, ARK developed a push-button system to deploy blockchains and relieve the problems associated with moving off chain. It seems counterintuitive, but ARK isn’t trying to keep everything on its chain. The team’s goal is to feed into the natural evolution of the blockchain industry, rather than swimming against the stream. This DPoS blockchain isn’t just standing on its own in the cryptocurrency ecosystem – it’s helping anyone who wants to do the same. If you’re looking to build a secure, efficient blockchain but don’t know where to start, the ARK network is waiting for you. Summary ARK is a crew, token, and blockchain launched in February 2017 to make cryptocurrency and blockchain development accessible to everyone. While a lot of modern blockchain projects corrected for Ethereum’s technical mistakes, ARK fixed its vision, creating a sandbox environment to launch your own blockchain. ARK’s success lies in these key features. The ARK network uses a blend of Lisk, BitShares, and Crypti principles to create a lean, secure blockchain. SmartBridges connect it to other blockchains and legacy networks. ARK token is tradeable on a lot of crypto markets, making it a useful investment. It’s push-button deployable blockchain feature creates a lot of potential trading pairs. ARK aims to make blockchain development accessible to anyone and supports more popular programming languages than anyone else in the industry. With these pieces in place, the ARK Crew may have built a sustainable blockchain network focused on community rather than centralization. Critics point out, however, that the ARK network itself is more centralized than other blockchains. Time will tell if ARK can weather the storm.   The post What Is ARK? Introduction To ARK Ecosystem And Token appeared first on Crypto Briefing.
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What Is Horizen Network? Introduction to ZEN Token

What Is Horizen Network? Horizen (formerly called ZenCash) is a privacy-focused, zk-SNARKs based blockchain platform that forked from Zclassic, itself a Zcash fork. The Horizen network includes a decentralized autonomous organization (DAO), ZenChat (a private messenger), ZenPub (an anonymous publishing platform), and ZenHide (TOR-like endpoint masking). ZEN is the native cryptocurrency coin used by the Horizen network. Privacy and security seem like niche topics only discussed by tinfoil-hat conspiracy theorists, but cybersecurity is a major concern in today’s world. Norton estimates 60 million Americans have been impacted by identity theft and the U.S. will account for half of worldwide data breached by 2023. And it’s not your personal computer that’s being attacked, especially in a cloud-based world. Accounts we hold with trusted companies like Amazon, Google, Sony, Microsoft, Equifax, Visa, and the U.S. government are the databases criminals want. And these major players have a lot of data security rules to abide by. Europe’s GDPR and even new U.S. privacy laws, along with international Safe Harbor laws, dole out hefty fines and other consequences for allowing data breaches – although not hefty enough to actually make their behavior change, it sometimes seems. With the stakes so high, Horizen pivoted its focus to enterprise applications. Nobody needs more security and privacy than these organizations, and they have deep enough pockets to spend whatever it takes to stay running in a technology-run society. Before exploring Horizon’s nuts and bolts, along with its chances of achieving sustainable success, let’s review ZEN, the proprietary cryptocurrency used in the Horizen blockchain, and its performance on the cryptocurrency market. ZenCash (ZEN) Cryptocurrency Summary As of April 30th, 2019, the circulating supply of ZenCash is 6,347,700 out of a total supply of 21,000,000 ZEN. The peak price so far of ZEN was $65.16 on January 9, 2018. No Horizen ICO was held. Instead, Horizen (then known as ZenCash) forked from Zclassic (ZCL) on May 23, 2017 at block 110,000. At this time, ZEN was issued to ZCL holders at a 1:1 ratio. ZEN is mined using the Equihash Proof-of-Work (PoW) mining algorithm. The block reward is set at 12.5 ZEN, with a block mined approximately every 2.5 minutes. Rewards half approximately every four years and are distributed with 20 percent split evenly between Secure Nodes and Super Nodes (which we’ll outline in the next section), while 10 percent goes to the Horizen/ZenCash team treasury, and the remaining 70 percent rewarded to miners. Secure nodes act as master nodes and require staking 42 ZEN. Unlike other similar projects, it also secures the nodes by using end-to-end encryption, similar to what you’d find in [some] popular messengers. ZenCash is traded on a wide variety of cryptocurrency exchange markets, including Binance, Bittrex, DragonEX, Upbit, OKEx, Sistemkoin, and COSS. ZEN trading pairs include BTC, ETH, and USDT. ZenCash uses commercial content distribution networks (CDN) and Hypertext Transfer Protocol Secure (HTTPS) to ensure secure transfers. It also uses the same zero-knowledge Non-Interactive Arguments of Knowledge (zk-SNARKS) cryptography that ZCash does. This means ZEN transactions can be both pseudonymous and anonymous, providing the highest levels of privacy and security. There are also criticisms against the protocol, ranging from rumors of a possible Zerocoin backdoor (the predecessor of the zk-SNARK powered Zerocash), to the necessity of conducting a “trusted setup”, an encryption key generation event that could allow the creation of unlimited coins if compromised. Horizen has a variety of official ZenCash cryptocurrency wallets, including the Arizen and Swing wallets, web, mobile, and paper wallets. It’s also supported by Ledger hardware wallets.   Horizen ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=ZEN&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-35732 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-35732 #ccc-chart-block .exportBtnTop, #ccpw-ticker-35732 a.tabperiods.tabperiods_active, #ccpw-ticker-35732 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-35732 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-35732 .coin-container:after, .ccpw-container_four #ccpw-ticker-35732 .coin-container:after {border-color:#ccc !Important;} Achieving a ZEN-like State on the Blockchain As discussed above, Horizen is selling itself as a full-suite of blockchain-based tools for enterprise. The four key functions (so far) are: ZenCash – The original aim of Zcash was to be an anonymous financial tool, and that tool is still available in Horizen. It has simply been expanded upon to provide a full suite of options for enterprise users. ZenPub – Publishing documents can be a risky (and often difficult) business in many countries. Even in the U.S., where freedom of press is among the first Constitutionally guaranteed rights, journalists can be silenced. ZenPub uses anonymized addresses to publish documents to IPFS to ensure an open and free press is always maintained. ZenChat – Our communications are constantly monitored, and ZenChat uses AES-256 encryption for transaction of end-to-end encrypted messages. ZenHide – Countries like China setup firewalls that can block block processing to essential disable a cryptocurrency within its geographic borders. ZenHide uses proxy-like technology to pass data through HTTPS to bypass such restrictions. Secure nodes on the Horizen blockchain ensure all network communication remains encrypted. They maintain the network and provide secure tunnels for encrypted Horizen data to pass through. Recently they also introduced Super Nodes, which will serve as a supporting network for future sidechains. This type of security has a wide range of enterprise and governmental use cases, and even Charles Hoskinson and IOHK have had their sights set on Horizen, with the two companies signing a partnership. Horizen Summary Horizen isn’t your typical privacy coin – instead of catering to privacy advocates like Edward Snowden, they provide a full suite of secure and private tools for use by the institutions he despises. The success of Horizen hinges on these key blockchain features. Horizen includes four main tools – ZenPub, ZenChat, ZenHide, and ZEN (ZenCash). Each is privacy focused and encrypted through secure nodes. ZEN is the native cryptocurrency coin utilized by the Horizen platform. ZEN is rewarded to miners and secure nodes and can be traded on the open cryptocurrency market. Horizen uses the same Zerocash protocol as Zcash, Zclassic, and other privacy coins, making it susceptible to the same backdoors and glitches. With these pieces in place, Horizen is well-positioned to become a sustainable blockchain. Enterprise users are the best use-cases of the technology because they pay well over long periods of time. If the Horizen team can execute on their roadmap and deliver an SDK, ZenCash could provide peace of mind to a lot of investors.   The post What Is Horizen Network? Introduction to ZEN Token appeared first on Crypto Briefing.
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Cloud Token Review: Be Weary Of This Cryptocurrency Coin Offer

Token Cloud Me Token Cloud Me is a platform whose website provides minimal information. One of the first statements that users encounter when visiting the platform’s webpage is, “Wish you could actually buy something with your Cryptocurrency? Now you can!” This is in reference to the cloud tokens that users can purchase. The question is […]
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Beware – Million Dollar ICO’s Founder and Assets Caught by Canadian Police

ICO sale was the hottest trend in the year 2017 – among all such ICOs, the parent of FUEL token had raised a total of $30 million CAD (Canadian dollar). Recently, Canadian police ran an investigation into FUEL token and its founders which runs a firm called, Vanbex. Etherparty / FUEL Token Caught with Fraud Charges Per the reports, the company is a brainchild of Kevin Hobbs and Lisa Cheng who raised $22 million worth of fiat and crypto assets via crowdfunding of FUEL token. Police investigation of these founders reveals that ‘they haven’t intended to build any usable products’ which however promised to make FUEL token worth in forthcoming smart contract system known as Etherparty. Moreover, sources also reported that the firm had also discussed how this new Etherparty would boost the value of FUEL token. Concerning the similar regards, Canada’s Ministry of Attorney General anxiously states that; “FUEL tokens became virtually worthless in dollar value while not being capable of use in the non-existent smart contracts system or for any product or service other than a cryptocurrency coin creating service called Rocket”. Director further continued that; Hobbs and Cheng “did not intend to develop the products they were marketing but rather [acted] with [the] intention misappropriate the corporately invested funds raised for their own personal benefit.” To note, investigation on Vanbex isn’t new –the police had reportedly investigated the founders in May 2018 as well. Accordingly, the Canadian Revenue Agency also began the tax probe. However, the token is already listed on Coinmarketcap with name Etherparty, following the token tag FUEL. At the moment, its value is declined to $0.013442 after begging off 4.36 percent within a couple of hours. Source: Coinmarketcap Although police are still investigating founders there are no criminal charges that have filed against founders yet – however, reports noting that founders of Vanbex denied the fraud charges. Moreover, founders also say the fraud charges are false and a police investigation is due to ‘false claims by a former contractor’. Nevertheless to note that the Lisa Cheng (one such founder) tweeted a Goodbye office post on March 29 without further clarification. What do you think the intention behind the founder’s tweet? Where must she be going after Goodbye office post? Let us know  The post Beware – Million Dollar ICO’s Founder and Assets Caught by Canadian Police appeared first on Coingape.
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What Is CyberMiles Network? Introduction to CMT Token

What Is CyberMiles? CyberMiles is a Hong Kong-based blockchain platform created by U.S.-based ecommerce marketplace app company 5miles. The company aims to replace legacy ecommerce marketplaces like Amazon and Ebay with a suite of smart contract-based tools. It originated as an Ethereum-based network until the Travis mainnet launched in October 2018. CyberMiles Token (CMT) is the native cryptocurrency coin of the CyberMiles platform. If you’re not already familiar with 5miles, it has over 15 million users as of the fourth quarter of 2018. It’s a mobile local marketplace app that combines Instagram and Cragslist to provide an alternative to Facebook Marketplace. It received over $62 million in Series A and B funding, with investors including SIG, IDG, and Blue Lake.   Dr. Lucas Lu is the CEO of both 5miles and the CyberMiles Foundation. He holds a PhD in particle physics and worked at CERN and Alibaba before founding these projects. Dr. Lu recruited a highly-educated technical team capable of engineering sleek projects. Reinventing online commerce sounds great on paper, but it’s not easy to do. There are a ton of P2P marketplaces online these days. Facebook Marketplace alone has 800 million users posting up to 20 million new items for sale every week. Craigslist posts 80 million new ads every month, and eBay has 1 billion products listed. These are just two of the big names with their hands in the resale market estimated to be worth $41 billion by 2022 (more than double the $20 billion market in 2017). But the biggest players in ecommerce are Amazon and Alibaba, which earn nearly a combined $1 trillion between them. These ecommerce giants are stifling innovation by choking out smaller competitors. CyberMiles was created to use lessons learned from 5miles to build a blockchain-based ecommerce platform so good even the competition is forced to use it. And being separate projects doesn’t mean they’ll be starting from scratch – CyberMiles is aggressively marketed to 5miles users to build proof of concept. It’ll need to scale a lot larger to take on its brethren though. Let’s start our quest to determine they chances of success by researching CMT, the proprietary cryptocurrency utility token used by the CyberMiles platform. CMT Cryptocurrency Summary As of March 28, 2019, the circulating supply of CyberMiles is 800,000,000 out of a total supply of 1,000,000,000 CMT. The peak price of CMT so far was $0.583862 on January 7, 2018. The CyberMiles ICO token crowdsale was held from September through November 22, 2017. It raised over $30 million worth of Ether. Approximately 42 percent of the total supply (420,000,000 CMT) was sold during the public ICO sale. Of the remaining supply, 20 percent was withheld by the founding team and 10 percent was set aside for community and network development. During the ICO, CMT was an ERC-20 token on the Ethereum blockchain. The CyberMiles Token was migrated through a coin swap to the mainnet on October 15, 2018 at a ratio of 1:1. CMT is mined using a Delegated Proof-of-Stake (DPoS) consensus algorithm with what correlates to approximately an 8 percent APR on staked coins. CyberMiles Tokens are accepted on a wide variety of popular cryptocurrency exchange markets, including IDCM, Binance, DragonEX, Huobi, Coineal, Bithumb, Digifinex, and OKEx. Its trading pairs include ETH, BTC, and USDT. CMT can be stored in the official CyberMiles Mobile Blockchain Wallet for iOS or Android.   CyberMiles ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=CMT&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-32899 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-32899 #ccc-chart-block .exportBtnTop, #ccpw-ticker-32899 a.tabperiods.tabperiods_active, #ccpw-ticker-32899 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-32899 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-32899 .coin-container:after, .ccpw-container_four #ccpw-ticker-32899 .coin-container:after {border-color:#ccc !Important;} Going the Extra CyberMiles Ecommerce marketplaces like Craigslist, eBay, and Amazon look simplistic because of their intuitive GUIs, but they’re very complicated websites. The CyberMiles Foundation understands these complexities and is building the CyberMiles network with a library of smart contracts meant to handle every aspect of ecommerce. Middleware amounts to all the backend operations we don’t think about that need to work exactly right for products to be moved to shopping carts, discounts to be applied, memberships tracked, transactions settled, and more. This modular approach makes it easier for developers to move their existing legacy product onto the blockchain. It does appear from the whitepaper that CyberMiles is attempting to insert itself as an arbitrator between buyers and sellers. This is similar to how PayPal started, and it’s a good move for the company’s profitability, but it’ll be a hard sell for merchants. Companies like Walmart, Best Buy, Costco, and Amazon have their own return policies and are unlikely to appreciate an additional middle man. CyberMiles already has several dApps built on its platform, including MetaMask for CMT (a browser-based identity vault), a payment gateway, a security token launchpad, and an OTC exchange with plans to support Gemini’s GUSD and other stablecoins. The team has an ambitious roadmap for 2019, with plans to upload the entire 5miles user database into the CyberMiles blockchain. I’m not sure how those 15 million users will feel about their personal data being stored on an immutable distributed ledger, but we’ll find that out when it happens. CybermIles Summary CyberMiles is a blockchain-based ecommerce platform developed by the same team that developed 5miles. CyberMiles plans to become a go-to payment clearing house for online transactions far beyond the P2P marketplace of its parent company. The success of the project hinges on these key ingredients. CyberMiles started on the Ethereum blockchain but moved to its own mainnet in October 2018. CyberMiles Token (CMT) is the native cryptocurrency coin for the CyberMiles network. It’s a utility token used to pay for tokenized transactions and is mined using DPoS. CyberMiles hopes to overtake ecommerce giants Amazon and Alibaba by giving small businesses a way to securely and efficiently process transactions on the blockchain. With these pieces in place, CyberMiles is certainly an ambitious project with a highly skilled technical team in place. One can only wonder if that’s enough to compete in one of the biggest (and fastest growing) sectors in modern business.   The author is not currently invested in digital assets. Join the conversation on Telegram and Twitter! The post What Is CyberMiles Network? Introduction to CMT Token appeared first on Crypto Briefing.
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What Is Bankera?  Introduction to BNK Token and SpectroCoin

What Is Bankera? Bankera is a full-suite blockchain-based banking replacement developed by cryptocurrency exchange/wallet company SpectroCoin. Bitcoin was hailed as a replacement for traditional banking, but it’s only a currency (and a difficult one to spend). Consumer banks offer a full suite of financial services, such as loans, IBAN deposit accounts, payment cards, and more. Bankera uses blockchain technology and cryptoassets to provide these traditional banking services. London-based SpectroCoin (not to be confused with SpectreCoin) was founded in 2013 by a group of Lithuanian developers as an all-in-one Bitcoin solution to provide frictionless financial services. The team created a blockchain-based cryptocurrency exchange, wallet, and payment card that’s accepted anywhere bitcoin is accepted, along with other European merchants. It also provides merchant services to partners. It since expanded to support over 30 crypto and fiat currencies in over 150 countries. Bankera is a soft fork of SpectroCoin that launched June 2017. It leverages the tools the team developed to create a full-service banking solution on the blockchain. With SpectroCoin’s heritage and a clear eye for what it takes for banks to survive in today’s complicated global regulatory environment, Bankera looks like a homerun. But it also has a lot of work ahead before it can compete with the “too big to fail” banks around the world. Let’s start our exploration of this ambitious project by examining the cryptocurrency market performance of Banker (BNK), Bankera’s native cryptocurrency coin. BNK Cryptocurrency Summary As of March 27th, 2019, the peak price of BNK was $0.011372 on June 5, 2018. The total supply of BNK is 25,000,000,000, and it is an ERC-223 token on the Ethereum blockchain. The Bankera pre-ICO occurred from August 28, 2017 through September 19, 2017, at which time 2,500,000,000 were sold to accredited private investors. The ICO was held from November 27, 2017 through February 27, 2018. ETH, BTC, USD, XEM, and DASH was accepted through the ICO. The Bankera ICO sold approximately 5,250,000,000 BNK (70 percent of the 7.5 billion available for sale) and raised approximately 150,949,194 EUR. Per Bankera, the remaining BNK was then distributed among initial pre-ICO and ICO investors. A secondary coin offering (SCO) is planned when the price of 1 Banker token surpasses 0.1 EUR in value. This SCO of 7.5 billion would bring the total circulating supply to 17,500,000,000, with the remaining 7,500,000,000 being withheld by the founding and development team. According to the white paper, 20 percent of Bankera and SpectroCoin transaction revenue will be paid to BNK holders on a weekly basis. This makes it “mineable” through Proof-of-Stake revenue sharing. BNK trading is currently reserved to the HitBTC cryptocurrency exchange, at which approximately $30,000 worth of BNK is traded daily. Its trading pairs are BTC, ETH, and USDT. Of course, BNK is also tradeable on SpectroCoin, the proprietary exchange it forked from. Here, it’s useable in the entire SpectroCoin ecosystem, making it fully tradeable with over 30 crypto and fiat currencies. Over 800,000 EUR worth of transaction volume is processed daily through SpectroCoin. The SpectroCoin wallet is the official BNK wallet, although third-party ERC223-compatible wallets will accept BNK too. Because ERC-223 is backwards compatible with ERC-20, this includes ERC-20 wallets too.   Bankera ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=BNK&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24315 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24315 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24315 a.tabperiods.tabperiods_active, #ccpw-ticker-24315 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24315 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24315 .coin-container:after, .ccpw-container_four #ccpw-ticker-24315 .coin-container:after {border-color:#ccc !Important;} Profiling the Root of All Evil Banks do more than just launder…I mean store…our money. They actually provide a slew of services. With USAA, for example, you can get a savings account, checking account, mortgage, insurance, auto loan, make investments, and more. Because of this wide range of offerings, USAA is regulated by a lot of state and federal regulators. Everyone from the Consumer Financial Protection Bureau and Federal Trade Commision to the Federal Deposit Insurance Corporation, Housing and Urban Development & Federal Housing Administration, and the New York Department of Financial Services have a hand in regulating bank matters, as do each state and federal Attorney General. In the interest of full disclosure, I worked for American Express, JP Morgan Chase, Countrywide, and Bank of America in my 20’s. I worked in mostly operational roles, although I’m also familiar with customer-facing roles like credit card collections, debit card fraud, and even membership rewards customer service. After blowing the whistle, I worked with investigators from many of these regulators. Not only do banks offer a wide variety of financial products and services, but they offer them on a lot of platforms. Bank of America has a powerful mobile app, AI-assisted customer service, and a broad network of ATMs and physical branches providing customers everything they need. Even smaller regional banks and credit unions like Navy Federal Credit Union offer many of these advanced technical features. For Bankera to pull off its ambitions of replacing banking with a blockchain-based solution, it’s going to need to satisfy regulators, customers, and investors. It’s not an easy feat to pull off, so let’s find out what tricks the project has up its sleeves to go to war with the big boys of banking. Fighting the Devil with a Demon SpectroCoin wasn’t trying to build a cryptocurrency bank, but to compete in today’s flooded blockchain market, the team built a cryptocurrency exchange, web-based wallet, debit card provider, payment processor, foreign currency exchange, and more. Listing a cryptocurrency on an exchange market requires interacting with the network’s API. Exchange wallets basically have to mine all the cryptos they hold. And they have to connect to networks like SWIFT to process fiat payments. With this infrastructure already in place, the SpectroCoin team decided to fork in order to create two separate products. This maintains a divide between the asset-exchange market and consumer banking services. While SpectroCoin continued focusing on building its smart-contract support up, Bankera was created to become a fully regulated banking entity. Supporting and maintaining a network of APIs is similar to the sidechain support proposed by members of the Blockchain Interoperability Alliance. In this aspect, the team wisely pivoted its exchange’s capabilities into a banking blockchain competing with blockchain 3.0 projects like Polymath, Wanchain, Pundi X, and OmiseGO instead of exchanges like Huobi and Binance. By splitting the project, SpectroCoin will continue developing crypto support, while Bankera can focus on integrating its blockchain into both brick-and-mortar and e-retail. Like Pundi X, the more merchants the network onboards, the more payment options are provided to consumer users. Regulators will also be appeased – crypto publications focus a lot on whether cryptocurrencies are currencies, commodities, or securities. The reality is all crypto and blockchain projects are going to be heavily scrutinized by more than one regulator in the U.S. alone. Big banks earned their stripes battling every level of government simultaneously. Much of my job at Bank of America was adapting to regulation as fast as the government could issue it. If cryptocurrencies want to replace banks, they’ll need to prove they can withstand heavy government scrutiny while providing innovative services to consumers and defending against outside attacks. If Bankera can pull it off, it’ll prove it’s in the same league as the big boys, with all the fortune and consequences that comes with that position. Bankera Summary Bankera is the banking fork of the Lithuanian-built, London based SpectroCoin exchange. Financial services, whether fiat or crypto, are highly regulated, and this move allows for sharing of resources and nimble navigation of regional regulations around the globe. Bankera’s success hinges on these key factors. Banker (BNK), the native cryptocurrency of Bankera, is an Ethereum-based ERC-223 token. This upgrade is backwards compatible with the ERC-20 standard. Bankera and SpectroCoin provide cross-platform support for over 30 crypto and fiat currencies. There’s an exchange, wallet, and debit card, with more banking services like loans and investments on the way. Bankera also has a retail POS platform for physical and e-retail stores to help facilitate crypto payments on both sides of the marketplace. With these pieces in place, Bankera is well-positioned to become a major player, at least in the European marketplace.  However, one can only wonder if the team is ready for what that position of power actually means.   The author is not currently invested in any coin, token, or asset mentioned in this article. Join the conversation on Telegram and Twitter! The post What Is Bankera?  Introduction to BNK Token and SpectroCoin appeared first on Crypto Briefing.
CryptoBriefing

MaidSafe Coin Guide [Corrections, do not publish]

What Is MaidSafeCoin? MaidSafe is a decentralized blockchain-based internet project created in 2006 by Scottish engineer David Irvine. MaidSafe’s concept predates Bitcoin by several years, although it’s still in its alpha phase at the beginning of 2019. When completed, the SAFE network will work similarly to the TOR network, meaning that Internet content is distributed and accessed in a P2P mesh network. MaidSafecoin is the temporary cryptocurrency coin used for the alpha and beta versions of the SAFE network, which stands for Secure Access For Everyone. MAID itself is an acronym for Massive Array of Internet Disks. The SAFE network was first envisioned in 2006 by MaidSafe to create a decentralized internet that’s safe and fair for everyone. With the FCC dismantling net neutrality in 2018, this goal may be more important than ever. Using a decentralized internet resists censorship, as servers are harder to find. It’s why pirates switched from the centralized servers of Napster to the decentralized Gnutella and BitTorrent protocols. Instead of mining, SAFE network users would be sharing system resources just like they control upload and download speeds in today’s BitTorrent clients. However, instead of just network bandwidth, users will also be sharing disk space, memory, and CPU processing power. To see if MaidSafe can build the decentralized internet Richard Hendricks has been dreaming of for years, let’s start with a breakdown of the MAID and SAFE coins, and the project’s crypto market performance. MAID Cryptocurrency Summary MAID has a circulating supply of 452,552,412 as of March 24th 2019. Its peak price so far was $1.12, which occurred on January 2, 2018. The MaidSafeCoin ICO presale occured on April 22, 2014 and 10 percent of the total MAID supply was released to the public, raising $8 million worth of BTC. An additional 15 percent was withheld by the founding development team. The total supply is approximately 4.3 billion MAID, which is determined mathematically by each coin file being 32 bits, leaving that many possible number combinations. This is true of the SAFE coin, which is a file, but MAID in its current iteration is a cryptocurrency. Instead of mining, MaidSafe uses the term “farming,” and there’s a difference between mining and farming. It’s called Proof of Resource. Instead of solving complex algorithms, farmers essentially act as micro internet servers, storing data for users in vaults. As users access data, farmers are rewarded with SAFE for providing it first. We’ll talk about how this system is encrypted and secured more below. The distribution system uses a random coin generator, and if the coin generated is unowned, it becomes yours. Vault Elders (the most trusted vaults by consensus) then perform required governance of the SAFE network. This is similar to a Delegated Proof of Stake (DPoS) consensus model Instead of a public ledger, Safecoins are actual files on the network, and the PoR and DPoS hybrid consensus determines ownership of each file. MAID is traded on HitBTC, Poloniex, and Cryptopia, along with the OpenLedger DEX. Just under $1 million MAID is traded on a daily basis on cryptocurrency exchanges, and its trading pairs are BTC, ETH, and USDT. MAID can be stored in the OmniWallet until it’s converted to SAFE upon the mainnet launch. ICO token holders will receive 10% of the SAFE supply, though an additional 5% will be given to the founders and shareholders of the project, meaning they will own one third of the initial supply.   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MaidSafeCoin(MAID) Price $0.127 Market Cap$57,586,527.01 #ccpw-ticker-32273 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-32273 #ccc-chart-block .exportBtnTop, #ccpw-ticker-32273 a.tabperiods.tabperiods_active, #ccpw-ticker-32273 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-32273 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-32273 .coin-container:after, .ccpw-container_four #ccpw-ticker-32273 .coin-container:after {border-color:#ccc !Important;}   Decentralizing What’s Already Decentralized If you’re not a networking wizard, you may not be aware that both the internet and cloud are just physical servers somewhere storing information. Facebook is just a website to you, but to Facebook, it’s a series of data centers and server farms – huge buildings housing tens of thousands of computer servers. The problem with today’s Internet is similar to the problem with analog phone lines before the proliferation of the mobile phone. Back in 1982 a consent decree initiated by a 1974 Department of Justice lawsuit broke up a monopoly AT&T as a telephone service provider had over the Bell Operating Company, which controlled the physical telephone lines. The breakup resulted in the creation of seven independent companies, one of which ended up purchasing 4 of them and taking over the AT&T brand. The remaining three are owned by Verizon and CenturyLink, who are using high-speed DSL service on those same lines to compete today with ISPs using fiber optic cable lines. Comcast Xfinity, Time Warner, Charter, Cox, and others are fighting for a monopoly over our internet content, and the FCC’s net neutrality repeal gives them the power to control bandwidth and create pricing tiers for an internet system that looks more like traditional cable. VPNs and distributed P2P mesh networks like TOR are proposed solutions to stopping these internet service providers from once again controlling our airwaves. Even if net neutrality is preserved, we’re not out of the water. A small handful of companies, like Amazon, Microsoft, and Google hold most of the Internet’s information on their servers. They’re the ones with the most to lose if the ISPs gain control of the Internet. A P2P internet can save us from both the hardware and software tech giants truly controlling our internet. This is what MaidSafeCoin is tapping into, but if it’s prepared for the task, why has it been under development for twelve years with no working product yet? The proposed SAFE Network mainnet will need mass adoption to quickly reindex the entire internet, something Google and others have long been working and have decades-long head starts on. Mesh networking and the PoR blockchain work because, as you know if you’ve ever downloaded a torrent or Gnutella file, only small pieces from each file need to be stored on each node – just enough to keep what’s in front of you loading fast enough to not notice it. It’s a sharding principle similar to how movie files were distributed in RAR directories on forums long before high-speed internet or even Napster. And in piracy is where we see the inherent problem of MaidSafeCoin that kept it stuck in development limbo for over a decade. Even if it works flawlessly, it’ll face the same paradox the TOR browser and every other proposed P2P mesh network has: network speed and reliability is dependent on adoption, which is dependent upon network speed and reliability. It’s the opposite of the Bitcoin and Ethereum bottlenecks, where mass user adoption bogged down the system. And one can only wonder if MaidSafe has the marketing power to succeed where soooooooooooooooooooooooooooooooooooo many others have failed at before. MaidSafe Summary Although created before Bitcoin, MaidSafe is clearly hoping hitching a ride on the blockchain bandwagon will lead it to success. The idea of a mesh internet isn’t new – TOR and torrents have used distributed and decentralized methods for years. MaidSafe simply tokenized the process and repacked it into these key ingredients: MaidSafe (the company) created MaidSafeCoin and MAID token as temporary placeholders during the alpha and beta phases of its SAFE network and SAFE cryptocurrency coin. Safecoins are used to tokenize transactions on the P2P distributed mesh internet residing on the devices of SAFE network users. Each user connected to the SAFE network can choose to become farmers that store information in vaults to present to users with available computing resources in exchange for Safecoins. Tokenizing the distributed internet concept is the new ingredient MaidSafe brings to the table. It’ll be interesting to see if the development team can pull it off. It’ll take strong technology with a lot of marketing dollars behind it. This isn’t a SAFE bet by any means, but if they pull it off, this crypto founding team will have it MAID. The author is not currently invested in any coin, token, or asset mentioned in this article.   Join the conversation on Telegram and Twitter! The post MaidSafe Coin Guide [Corrections, do not publish] appeared first on Crypto Briefing.
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Yosemite X Announces New Open Source Blockchain With No Cryptocurrency Coin Needed

Yosemite X has recently announced the launch of their public blockchain. What gives them an edge is that they did not rely on the need for a native token. According to the claims made, their goal is to resolve the hindrance caused by volatile tokens, which is known to result in poorly operating businesses. To prevent the aforementioned, the team trusts that stablecoins is the way to go (i.e. tokens that are pegged to government money). This has supposedly been done through the blockchain’s built-in YOSEMITE Standard Token Model, which ensures that the token is interoperable. As for applicable transaction fees, block producers, who are elected in via the Transaction-as-a-Vote (TaaV) protocol, are said to pick stable coins as “Transaction Fee Tokens,” as noted in Yosemite’s technical whitepaper. What is the intended purpose of their respective public blockchain? Based on what has been shared, the blockchain has supposedly been designed to serve as a smart contract for financial and business needs. Some of its notable features include the Proof-of-Transaction (PoT) mechanism, delegable transaction fee payment, KYC/AML support and account recovery and scalable blockchain architecture. News outlet, Crypto Ninjas, has also reported on this unique endeavor, and they have since shared the idea for the Yosemite Public Blockchain in the Founder, YT Kim’s perspective (https://www.cryptoninjas.net/2019/02/09/yosemite-x-releases-public-blockchain-without-a-native-cryptocurrency/). As per YT Kim, blockchain has immense potential in revolutionizing financial systems, “however, the existing public blockchains are impractical for business entities to implement their blockchain-based services, due to high price volatility and unfair distribution of cryptocurrencies, and blockchain scalability issue.” Hence, Yosemite’s rather thought-provoking approach. Interestingly, Yosemite has also worked on a blockchain-based credit card, which has been deemed free of middlemen and transaction fees. Based on its description, the Yosemite card provides enhanced security compared to accepted credit cards within society. Namely, it uses a “patented QR code + One-Time-Password (OTP) simultaneous reading technology” that prints the QR code onto the physical card. To learn more about Yosemite and how they plan to resolve common flaws in public blockchains and societal norms in relation to the financial sector, go to: https://yosemitex.com/
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What is a stablecoin and how does it work? A guide to fiat-pegged cryptocurrencies

Stablecoins in cryptocurrency seem to hold the key to bridge the gap between the benefits of cryptocurrencies and the somewhat more stable nature that fiat currencies offer. The security of a non-volatile digital tender which is both backed up by a national currency and by blockchain sounds like a deal that cannot go ignored. So how do stablecoins work? What are the types of stablecoins? And what’s the catch? What is a stablecoin? Simply put, a stablecoin in cryptocurrency is a token which has its value pegged to the price of a national currency in order to combat its volatility. There are several types of stablecoins, and numerous options and different projects which offer the same fundamental idea of a cryptocurrency coin which has more stability than Bitcoin or altcoins. What are the types of stablecoins? Stablecoins exist in three different forms: Fiat-collateralized Cypto-collateralized Non-collateralized Fiat-collateralized stablecoins These are the cryptocurrencies which are pegged to a national currency, such as Tether which is pegged 1:1 to the US Dollar. This is the easiest way that a stablecoin can be developed. As the name implies, fiat currency needs to be deposited as collateral for a fiat-collateralized stablecoin to exist. From there, the tokens are issued at the 1:1 ratio against the collateralized fiat currency. This is a simple method but needs regular auditing and a financial custodian to oversee that the token remains fully collateralized – which presents a disadvantage of the token being centralized by a party. Crypto-collateralized stablecoins In the same way that a fiat-collateralized stablecoin has fiat tender as collateral, a crypto-collateralized stablecoin has cryptocurrency locked up as collateral, such as Ethereum. In order to compensate for the volatility of the collateralized cryptocurrency, a security pledge is required by the stablecoin. This means that the coin will not have a 1:1 ratio towards the collateral crypto; it will look more like a $2 USD pledge for every $1 USD stablecoin issued. Non-collateralized stablecoins There are stablecoins which make use of a Seigniorage Shares system. Seigniorage is the difference between the value of money and the cost of printing it. Non-collateralized stablecoins rely on a mechanic algorithm which changes the supply volume as needs be in order to maintain their price. Through the use of smart contracts, the stablecoin will sell if the price falls below and pegged currency and will supply more tokens to the market if the value rises above the pegged currency. Stablecoins List The best stablecoins With all this in mind, you might be asking are the best stablecoins. While we can’t answer that for both legal and subjective reasons – we can offer a list of the best-known stablecoins. There are numerous stablecoins in circulation, so we’re narrowing this down to the top six related to popularity and trading volume. Fiat-backed stablecoins: Tether – USDT Tether is arguably the most well-known stablecoin in today’s cryptocurrency market. ‘Tethered’ to a ratio of 1:1 to the US Dollar, Tether stands as one of the most successful stablecoins to see adoption from cryptocurrency exchanges looking to use the token as the go-to currency when direct USD transactions are not possible. This could owe to factors such as country regulations. One of Tether’s key benefits is that it maintains its $1 USD value and investors and traders can take advantage of this to avoid paying exchange fees and transaction costs. Although Tether has advantages, such as offering a token which has absolute stability with the US Dollar ratio, the stablecoin has also attracted negative attention from critics related to the centralization of the token, the transparency, and the unfulfilled promise of an official audit. But Tether from Coindirect. TrueUSD – TUSD While Tether might have the badge of honour as the first stablecoin to make its mark, TrueUSD is a fiat-collateralized cryptocurrency which has gained more trust from critics. The stablecoin has managed to gain a reputation for transparency through regular audits, fully backed collateral, and fulfilled legal requirements for the USD-peg. TrueUSD holds partnerships with numerous banks and trusts in order to steer away from the centralization status that Tether has. Owing to smart contracts in place, TrueUSD has no method of accessing the funds – ensuring complete decentralization. Crypto-backed stablecoins: MakerDAO: MakerDAO aims to utilise the native Maker tokens and the Ethereum blockchain in order to minimize price volatility. In order to collateralize the stablecoin, MakerDAO leverages Ethereum using a smart contract and the Ether collateral gathers into something called a Pooled Ether (PETH), which allows the smart contract to generate MakerDAO’s DAI token and interest over time. The interest gained is called the “stability fee” which means that users will need to pay back the same amount of DAI if they want to withdraw Ether from the contract. Non-collateralized: Basis (formerly known as Basecoin): The ultimate goal of Basis is to project the token to an index-offering, wherein Basis will aim to ensure its stability by pegging its value to a multitude of assets. Further to this, the project is hoping to leverage two other currencies in a bid to maintain its supply. Token holders can sell their tokens for bonds to gather interest over time on their investment, and Basecoin Shares are issued when the stablecoin’s supply must be expanded. Exchange-backed stablecoins Cryptocurrency exchange tokens are developed and exist to serve their supporting cryptocurrency exchange. There are exchange-driven stablecoins such as the Gemini Dollar which offer Gemini users reduced fees when trading with the exchange’s native token while ensuring that the Gemini Dollar is pegged at a 1:1 USD ratio. Are stablecoins good? There have been arguments made both for and against stablecoins. Advocates for stablecoins have argued that these tokens act as a perfect model in order to fulfil the key elements of what makes up a currency. This means they offer a medium of exchange, a store of value and a unit of account. Furthermore, stablecoins offer the benefits of the blockchain based tender while avoiding the inherent volatility of cryptocurrencies. In this case, stablecoins could be the next step towards widespread adoption, which is ultimately beneficial for the cryptocurrency industry. The disadvantages of stablecoins On the other hand, others have argued that currencies such as the US Dollar are not good collateral owing to their own inflationary nature. Because of this, the stablecoins are not a sustainable solution to the very same problem at Bitcoin is trying to solve. In addition, it could be said that because the fiat-pegged ratio is so blatantly derived from a national tender, the stablecoins very well be governed by the nation’s legal financial laws. Buy stablecoins Where a person can buy a stablecoin depends on which stablecoin they want to buy and in which area they live. The New-York based exchange Gemini would be the best bet, of course, to buy Gemini tokens. The first step would be to decide whether you want a fiat-collateralized, crypto-collateralized, or non-collateralized stablecoin and then choose which token is most tailored for your trading needs. Tether can be purchased at many cryptocurrency exchanges, such as Coindirect. The post What is a stablecoin and how does it work? A guide to fiat-pegged cryptocurrencies appeared first on Coin Insider.
Coin Insider

How is Popular Messaging App Kik and Its KIN Cryptocurrency Coin Developement Coming Along?

KIN is a token that was initially running on Stellar and Ethereum. However, it has since shifted to its own unique fork of the Stellar Lumen network. The new Kin blockchain runs on a federated model. What is Federation? A federated network is a form of a permission-based model where the validators are limited to those inside the federation. It does not allow just anyone who has online access to verify the blocks or a company to have total control. Instead, the verification is done via a node of validators. Future and existing members of the federation are apps that build the kid-powered experience. They may also intend to integrate into Kin in the future. In future, the other members of the federation ecosystem such as wallet services and exchanges will be able to run a node on the network. The Ecosystem Growth In Q4 2018, Kin launched the Kin experiences inside Swelly. A feedback exchange platform that gives users of the Swelly app on iOS and Android the chance to earn and spend their Kin for an opinion. They also revealed that a pair of new partners including Tapatalk and MadLipz had signed on, which will have the potential to onboard millions of futures users of the ecosystem. Kin Activities Kin has also collaborated with DoSomething.org to create a fun poll experience inside Kinit during the US elections. After the poll, users earned Kin and they were directed to register so that they could vote if they had not done so already. Kin also launched admin tipping inside Kik, which is a P2P feature that lets users send Kin to others inside the app. With this feature, users can take part in public group chats that reward group administrators for enabling a positive and useful user experience inside the application. As a result, it keeps the groups productive, safe, and engaging. This launch took place soon after Kik released their chat themes. It is the first experience powered by Kin for all its Android users. Issues of Centralization and Supply In its first ICO, KIN managed to raise $70 million. However, it did not go down without some issues. This was because the project only sold 10% of the tokens. Thus, it remained in control of a huge amount of the tokens. The funds are held by the KIN Foundation and major investment funds such as Blockchain Capital, Pantera Capital, and Polychain Capital. The implication is that the whales are in charge of the Kin ecosystems. Thus, the ecosystem is highly centralized, which goes against the principle of the thing. It Looks Good on Paper In general, the project looks awesome on paper. However, it is questionable how many of the user numbers been given out are actual users that are active who will actually switch from using fiat to crypto. There is also an issue of the circulating supply. Thus far, there is 756 billion in circulation while the Kin foundation and Kik hold 1.2 trillion respectively.
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Bitcoin Law Review - Blockstack's Reg A+, CFTC vs Bitmex, Gov't vs Libra/Crypto

https://ToneVays.com by @ToneVays https://twitter.com/ToneVays Topic 1: Reg A+ & Blockstack https://www.sec.gov/Archives/edgar/data/1719379/000110465919020748/a18-15736_1ex1a15addexhbd6.htm https://www.theblockcrypto.com/2019/07/12/blockstack-garners-reg-a-approval-but-that-doesnt-mean-crypto-icos-will-boom/ Leads into Topic 1a on Broker-Dealers & Custody https://twitter.com/philipliu/status/1149907881061302272?s=12 https://www.sec.gov/news/public-statement/joint-staff-statement-broker-dealer-custody-digital-asset-securities https://bitcoinmagazine.com/articles/op-ed-latest-finra-sec-security-token-custody-rules Topic 2: Government vs Libra/Crypto https://twitter.com/realDonaldTrump/status/1149472282584072192?s=09 https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://www.cnbc.com/2019/07/18/mnuchin-says-us-will-ensure-bitcoin-doesnt-become-like-anonymous.html https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://brianoflondon.me/2019/07/facebook-lied-about-the-cryptocurrency-industry-to-destroy-it/ https://www.youtube.com/watch?v=9-ZTkCNW0w8 https://www.cnbc.com/2019/07/16/i-like-bitcoin-says-house-gop-leader-mccarthy-hits-facebook-libra.html Topic 3: Crypto Exchanges https://www.bloomberg.com/news/articles/2019-07-19/u-s-regulator-probing-crypto-exchange-bitmex-over-client-trades https://twitter.com/notsofast/status/1151864421414838274?s=21 https://www.coindesk.com/ex-ceo-of-crypto-exchange-wex-arrested-in-italy https://www.coindesk.com/mt-gox-founder-hit-with-lawsuit-over-alleged-fraudulent-misrepresentation https://www.scribd.com/document/414569311/Steinmetz-Jones-v-s-McCaleb#from_embed https://www.thedailybeast.com/behind-the-biggest-bitcoin-heist-in-history-inside-the-implosion-of-mt-gox?ref=scroll Topic 3a - Update on Bitfinex vs NYAG https://ambcrypto.com/new-york-ags-court-filings-written-in-bad-faith-and-riddled-with-false-assertions-says-bitfinexs-rebuttal/ https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vIexA1b0spKOnK_PLUS_ZUGTJ3A==&system=prod https://breakermag.com/crypto-capital-is-the-common-thread-between-bitfinex-quadrigacx-and-other-troubled-exchanges/ https://decrypt.co/6824/crypto-capital-follow-up-article Topic 4: Crypto & Taxes (Time Permitting) https://www.carltonfields.com/insights/publications/2019/how-state-remote-sales-and-use-tax-statutes-may-im https://twitter.com/cryptotaxgirl/status/1148370522775797760?s=21 Topic 5: Other - Time Permitting https://www.journalofaccountancy.com/news/2019/jun/virtual-currency-not-fbar-reportable-201921479.html https://www.justice.gov/usao-sdny/pr/us-attorney-announces-arrest-and-money-laundering-charges-against-dark-web-narcotics https://cryptoslate.com/chinese-court-upholds-legal-bitcoin-ownership-btc-protected-china-property-law/ Closing Moment of Zen: https://twitter.com/Horsebox_1/status/1117955111219867648 Honorable Mention: https://www.sec.gov/corpfin/framework-investment-contract-analysis-digital-assets Please Support via Affiliate Codes: Unlimited Trading for $9 a Month at LVL: https://lvl.co/?r=kDpHhBmS Deribit to save 10% on Trading: https://www.deribit.com/reg-3221.4686 Buy/Sell Bitcoin at Paxful: https://paxful.com/?r=or4dNEDBBQX Trading View: http://tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=4905&url_id=3 TorGuard VPN 50% off code & link = tone50: https://torguard.net/aff.php?aff=3782 Ugly's Lifetime Subscription: https://uglyoldgoat.com/?rid=4xyuzu Audio Podcast: https://itunes.apple.com/us/podcast/the-tone-vays-podcast/id1390209454?mt=2 See Regulation overview in each state here: https://www.carltonfields.com/state-regulations-on-virtual-currency-and-blockchain-technologies/ Tone Vays is available for Corporate Consulting at the rate of 0.3 btc per hour. Please email Tone@protonmail.ch for additional info.
Tones Vays

Reminder: Bakkt is Launching Bitcoin Futures in the Coming Day

Bakkt is Finally Here That’s right, Bakkt is finally here. After months upon months of deliberation, hype, and odd regulatory setbacks, the cryptocurrency venture that has been backed by the New York Stock Exchange, Microsoft, and Starbucks is launching. Starting Monday, July 22nd, the exchange will be testing physically delivered Bitcoin futures, which will be one of the first product of its kind to be regulated in U.S. markets. It is currently unclear who will be testing the product, or in which way the contract and custody solution will be tested. But, this development marks a huge step in the right direction for the cryptocurrency market. Bakkt confirmed the launch date for its testing period at a recent summit that was held in the New York Stock Exchange, whose chief executive is wed to the head of Bakkt. Per first-hand recounts of those in attendance, the cryptocurrency startup has also confirmed that it will be fully launching its Bitcoin futures product by the end of Q3, should nothing go wrong during testing of course. A Catalyst for Bitcoin & Crypto Growth In a recent Fundstrat Global Advisors research note posted to Twitter, Sam Doctor of the market research firm explained his thoughts on the conference. Citing the buzz being emanated by the over 150 investors and institutions in attendance, Doctor argues that there is “institutional anticipation” for the exchange’s Bitcoin futures. He expounded: “As we have written before, Bakkt tackles many of the barriers to adoption for traditional investors seeking to expand their mandate to include crypto.” Doctor adds that “appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch”, noting that the firm’s sales team is starting to ramp up discussions with everyone from brokers and market makers. He thus confirms that should the hype translate into actual investment, the long-expected launch of the Bitcoin product, which will give many institutions their first taste of so-called “physical” BTC, could be a “huge” catalyst for the growth of this already budding market. Institutions Are Buzzing Per Placeholder’s Chris Burniske, the venture capitalist author of industry primer “Crypto Asset”, the overall feel of the room was rather bullish. He wrote the following, making the case that Wall Street has its eye on the cryptocurrency space once again. All in all, the @Bakkt event signals great things for #bitcoin and #crypto at large, even if I did miss some of the funk of OG days.— Chris Burniske (@cburniske) July 18, 2019 Title Image Courtesy of Samson Creative Via Unsplash The post Reminder: Bakkt is Launching Bitcoin Futures in the Coming Day appeared first on Ethereum World News.
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