Safety First (Weekly Digest, 14–18 Jan, '19)

Russian crypto-plans, the delay of Constantinople, WS possible intentions, more on adoption, Consensys investing in a Wordpress platform, a striking BitMEX research, and a bit more about exchanges

The research group cites the analysis shows the ICO market’s deficiency in standards and transparency, mainly in the tokens distributed to the founding teams who are allowed to mint, burn, trade their own tokens.

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Wall Street Crypto Insider: Ethereum Futures Would Create Healthy Markets

ErisX To CFTC: Ethereum Futures Would Be Positive Last year, as the crypto market stumbled, ErisX, instantly deemed a potential competitor to Bakkt, was unveiled to the desperate Bitcoin community. Yet, since the American upstart first hit headlines, the company, who has strategic partnerships with Bitmain, ConsenSys, Digital Currency Group, Nasdaq, TD Ameritrade, among other groups, has released scant public information about its operations. But, ErisX chief Thomas Chippas, a Wall Street legend that once on the C-suites/boards of Citadel, Citi, Barclays, and Deutsche Bank, recently filed a letter to the U.S. Commodity Futures Trading Commission (CFTC)outlining the importance of Ethereum-backed futures. The legacy markets veteran simply stated that the introduction of a “regulated futures contract” on Ether would have a “positive impact” both on the asset’s ecosystem and the underlying market. Chippas added that thus, the CFTC “plays an important and vital role” in enabling investors, whether they hail from institutional or consumer backgrounds, to participate in the Ethereum ecosystem and market. ErisX’s chief even hinted at the fact that it is only logical for the CFTC’s commissioners, who have overtly shown love for Bitcoin historically, to accept the listing of such a vehicle. Chippas he wrote that Ethereum futures on regulated markets would be consistent with the CFTC’s M.O. of facilitating  “open, transparent, competitive, and financially sound derivative trading markets [and] to prohibit fraud, manipulation, and abusive practices in connection with derivatives and other products subject to the [Commodity Exchange Act] CEA.” Team Bolstered Prior To Launch Chippas’ recent comment, which accentuates that his upstart is prepping for launch, comes after ErisX has secured a number of notable hires. As reported by Ethereum World News in early-January, the company divulged that it had added two members to its board, Cris Conde of Accel, and Joseph Lubin, the founder of Consensys and one of the minds behind Ethereum. Conde replaces Cliff Lewis on ErisX’s board of advisors, while crypto veteran Lubin has pulled up a new seat. In an official statement, Lubin remarked that from his perspective, ErisX is in a “unique position” in the broader market, with its company background, financier roster, and innovative products. The ConsenSys head, effectively the Ethereum development consortium’s de-facto chief executive, added that he’s pleased to provide his knowledge of “decentralized technologies and digital assets” to a “model that will further democratize access to digital assets.” More recently, the company, which has offices in Chicago and New York, revealed that it would be bringing on Robert Thrash, Arnold Connell, and John Denza, who will take up executive and C-Suite positions at the group. Thrash, Chief Operating Officer, joins the Bitcoin-friendly company from Barclays, where he headed the giant’s futures execution and clear platform facets. This new hire is evidently a step that ErisX is taking towards the eventual launch of cryptocurrency futures, pending approval from U.S. regulatory incumbents. Infrastructure head Connell hails from the Youtube TV team, along with other facets of the Google conglomerate. ErisX’s new executive of business developments, John Denza, comes straight from CBOE subsidiary, Bats Global Markets, where he was the director of U.S. sales of equities and derivatives. In a comment regarding the new ErisX staffers, Chippas remarked that the three bigwigs’ move onto ‘Satoshi Street’ only accentuates the opportunity that crypto & blockchain pose. But, will these new staffers help ErisX launch successfully? Photo by Rohit Tandon on Unsplash The post Wall Street Crypto Insider: Ethereum Futures Would Create Healthy Markets appeared first on Ethereum World News.
Ethereum World News

NeoDevcon Interviews, Bitcoin Price Movements, and Binance Delistings

What are your thoughts on today's news? Are you optimistic or bearish? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below! ---------------------------------------------------------------------------------------------------------- Check out Yellow: Interested in signing up for our newsletter? Click the link below! Link: Looking to file your crypto taxes? Check out TaxBit! ---------------------------------------------------------------------------------------------------------- What are your thoughts on current markets? Are you optimistic or bearish? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below! *I WILL NEVER PURSUE PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED BELOW FIRST AND THEN VERIFY MY IDENTITY THROUGH A VIDEO CALL BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO* For consulting, speaking, or other business inquiries, please feel free to reach me at Patreon: Telegram: Alerts | Discussion | Discord: Donate NANO: xrb_3y7qi1z5kcpgi9cnk4bctus155qntiy1cszfmeh9zg7eqqqjb9imebsqf33t BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV ETH: 0xa34d3461ae04953489e9aa464689c022836751d0 Want to start trading cryptocurrencies? Sign up through this link to get $10 of free bitcoin with your first purchase of over $100 ↓↓↓ Want to start trading coins? My top choice is Binance. ↓↓↓ Want to trade OTC? Caleb & Brown is my personal favorite to get started. Looking to buy physical gold or silver? Check out the link below: Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.

Here’s Why Binance Coin (BNB) has More Gains Coming its Way

Binance Coin, the native cryptocurrency of the Binance exchange is currently among the top ten cryptocurrencies with over 50 percent gains in the past month while the majority of the crypto market is struggling with the ongoing crypto winter. Just recently, Binance Coin (BNB) reached its all-time high in the BTC market. At the time of writing, BNB has been trading at $9.03 with 24-hours loss of 1.83 percent. According to the data provided by Coinmarketcap, it is trading in the red in both BTC and ETH markets as well by 2.07 percent and 3.69 percent. In mid-December, BNB has been trading at about $4.52 that went to $9.58 on February 11. The same day, it broke its ATH against BTC at $0.0026. BNB price chart, Source: Coinmarketcap In mid-January, the force behind Binance Coin’s upward drive has been the coin burn. According to its whitepaper, at the start of each quarter, BNB goes through a coin burn that eliminates a portion of is total circulating supply. The crypto exchange Binance uses 20 percent of its net profits to buy back BNB and destroy them. At that time, Binance CEO, Changpeng Zhao had shared, “Since the start of 2019, BNB’s fundamentals have been impacted upon greatly, starting with the mid-January coin burn of over $9.4 million worth of BNB. I feel a burning sensation. How about you?” Unlike fiat currencies BNB, the deflationary cryptocurrency is giving back to the people that use it through regular buybacks and increasing their value. A Busy Year Ahead But with the way the developments are going with Binance exchange, more greens can be expected as crypto trader Moon Overlord took to Twitter to share why BNB could be a rare exception to buying it at its all-time high (ATH). I can't really recommend buying at an ATH but $BNB might be a rare exception. – Binance launchpad ICOs are only contribuable in $BNB– $BNB launching it's own chain soon (moving off $ETH / ERC20)– Binance DEX launching soon– Binance DEX listing fee, yep you guessed it – $BNB — Moon Overlord (@MoonOverlord) February 16, 2019 The upcoming launch of Binance’s decentralized exchange on Binance Chain is one such factor that will add to its value. Recently, it has been announced by Changpeng Zhao that its public testing is coming on February 20th. This new venture will help Binance in expanding its business from just a cryptocurrency exchange. And BNB will be playing a major role in this exchange that will be charging a hefty fee that is $100k for listing new coins to discourage spam and fraud projects. Moreover, Binance Chain will be allowing the projects to fundraise and launch their very own tokens on this platform. And these funds will be raised through BNB, further fostering the use case of BNB. Binance Launchpad is also coming which is a fundraising platform on which the tokens will be launched. Similar to Ethereum platform where ICOs are launched, Binance Launchpad will give Binance and its native token BNB another edge in this crypto space. The platform has already got its first project in the form of BitTorrent which raised over 47 million in just about 20 minutes. Binance has a busy year ahead of itself with lots of developments under process which means BNB has a lot more gains coming in its future.
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