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    Saturday, June 8, 2019

    Cryptocurrency Daily Discussion - June 8, 2019 (GMT+0)

    Cryptocurrency Daily Discussion - June 8, 2019 (GMT+0)


    Daily Discussion - June 8, 2019 (GMT+0)

    Posted: 07 Jun 2019 05:13 PM PDT

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Comments will be sorted by newest first.
    submitted by /u/AutoModerator
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    Dinosaur Jamie Dimon Needs to Accept That Millennials Hate JPMorgan

    Posted: 07 Jun 2019 06:50 PM PDT

    Someone doesn't belong here...

    Posted: 07 Jun 2019 05:45 AM PDT

    Bitcoin Storage Socket)))

    Posted: 08 Jun 2019 01:38 AM PDT

    How I feel trying to buy the dip...

    Posted: 07 Jun 2019 09:49 AM PDT

    Listen between the lines, QNT serving Central Banks?!

    Posted: 08 Jun 2019 01:11 AM PDT

    I'm a BTC Hodler and Maximalist, but FrankReddit's newest Art/Wallet for ETH is just too cool not to share.

    Posted: 07 Jun 2019 10:08 AM PDT

    On December 2017, Bitfinex hired a company called PIDC Networks to manipulate social media

    Posted: 07 Jun 2019 01:48 PM PDT

    Update - Over $100000 locked up on Hitbtc for the past 12m. Funds released after front of r cryptocurrency magically made previous KYC requirements no longer needed. Part of the money donated

    Posted: 08 Jun 2019 03:28 AM PDT

    Just thought would update anyone interested that after the exposure i got here that magically the need for bank and transaction and social media no longer were needed. hmm. Anyway while Im happy i got my money out i still advise pulling any funds off there. Part of the funds were donated to the following and I hope anyone interested would consider them.

    https://thewaterproject.org/ https://seashepherd.org

    submitted by /u/NOTPR0
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    Three exchanges shutdown within an hours of each other

    Posted: 07 Jun 2019 03:25 PM PDT

    Bittrex halting trading for 32 coins in US on 6/21

    Posted: 07 Jun 2019 07:39 PM PDT

    CKJ News (an XRP Youtuber) Caught Red Handed defrauding his fanbase, and St. Judes of charity money raised.

    Posted: 07 Jun 2019 11:55 PM PDT

    Binance gets 1.37 million website visits per day now. Coinbase gets 1.14 million. No other crypto exchange gets over 500k.

    Posted: 07 Jun 2019 06:18 AM PDT

    Thailand bank has no plan to use XRP. Withdrawing their previous statement.

    Posted: 07 Jun 2019 05:14 AM PDT

    Most intuitive and beautiful cryptocurrency market visualization tool. More inside

    Posted: 07 Jun 2019 05:31 PM PDT

    Ethereum’s Future is Bright

    Posted: 07 Jun 2019 08:16 PM PDT

    Bitcoin is Bigger than Donald Trump, Tesla, and Kim Kardashian according to Google Trends

    Posted: 07 Jun 2019 07:43 AM PDT

    Binance trading halted?

    Posted: 07 Jun 2019 01:36 PM PDT

    I looked at several trading pairs and it looks like trading was halted at 15:00:24. does anyone know why? The rest of this comment is just to fill up the required 215 character requirement that I didn't know about the first time I tried to post this comment. I think it's a dumb requirement.

    submitted by /u/Ithinkthatsmydog
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    Telecom giant AT&T accepts Bitcoin

    Posted: 07 Jun 2019 02:24 PM PDT

    A small market cap project is doing big things - Universa (UTNP) signed yet another big partnership.

    Posted: 08 Jun 2019 03:42 AM PDT

    A small market cap project is doing big things - Universa (UTNP) signed yet another big partnership.

    7 June, St. Petersburg International Economic Forum, Territory of Innovations platform – Universa and Khanty-Mansi Autonomous Okrug signed a technology partnership agreement for launching future-oriented projects in the region, aimed at implementing the Digital Economy program and creating a pilot area for intellectual digital technologies and services, integrating digital technologies in the government operational practices, and usage of domestic information and communication technologies by the Russian authorities to meet the strategic goals determined by the President's Decree No.204 of 07 May 2018 "On National Goals and Strategic Development Objectives of the Russian Federation for the Period of up to 2024". The agreement was signed by Alexander Borodich , CEO Universa, and Roman Genkel, General Director Ugra Development Foundation.

    Universa will provide its blockchain platform to implement investment project management service. This will help establish complete control over the spending of budget funds. Tagging the money using distributed ledger technology will protect government grants and investments against misuse. The platform will instantly track current spending and balance of funds under the project and generate automatic reports, ensuring investment transparency, which will make the region more attractive for investors.

    A multi-language communication platform will also be developed, which will combine all players in the tourism market into a single digital ecosystem: suppliers of tourist products and services (regional, nationwide providers, and importers), transportation companies delivering the tourists, accommodation and catering facilities, small and medium enterprises providing services in adjacent areas, investors, business support foundations, and finally tourists heading for their vacations in the region. The platform is aimed at designing and promoting tourist routes, hospitality and tourism facility in the region, monitoring the activities of tourist companies and accumulating a "pool of data" that will help identify problem spots and ways to expand tourist flows.

    https://twitter.com/Universa_News/status/1137050680680767488

    https://www.facebook.com/permalink.php?story_fbid=334779100524205&id=108311786504272

    https://i.redd.it/6j96nhlq24331.jpg

    submitted by /u/Dismantech
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    Today the San Marino Government officially approved the decree that will enable blockchain projects to thrive in a safe, regulated jurisdiction!

    Posted: 07 Jun 2019 08:43 AM PDT

    Today the San Marino Government officially approved the decree that will enable blockchain projects to thrive in a safe, regulated jurisdiction!

    https://www.sanmarinoinnovation.com/sanmarinoblockchain

    The Blockchain Decree

    The Institute for Innovation of the Republic of San Marino (San Marino Innovation) has promoted the new Blockchain Decree in order to guarantee greater transparency, clarity and simplicity in formulating specific rules for the different applications of Distributed Register Technology (Distributed Ledger Technology or more commonly blockchain).

    Objectives and origin of the legislation

    From the in-depth study of the most important international markets, the need has emerged to regulate the applications of blockchain technology in order to create an ecosystem in which it is possible to operate thanks to clear, precise and understandable rules. The main purpose is to attract investors internationally and position the Republic of San Marino as one of the centers of excellence worldwide, as well as the best legislative partner of innovators.

    Working methodology

    Since this is an evolving sector, the Institute has applied a sandbox model to establish certain boundaries from a legislative point of view and at the same time defining the regulatory functions of San Marino Innovation.

    In this regard, the Institute has created a Technical Table of professionals of industry leaders at international level in order to make regulatory proposals capable of qualifying the Republic as a global technology hub.

    Regulated applications

    The applications regulated by the Blockchain Decree are currently two: investment tokens and utility tokens.

    In this first phase it was decided not to regulate the so-called cryptocurrencies (or payment token), since to date they represent a residual slice of the reference market and since this type of token cannot disregard the rules of the money market and payment services.

    Rules for the initial token offerings

    An initial token offering represents the moment in which a Blockchain entity (legal entity that has obtained a particular recognition by the Institute and registered in a special register) issues digital tools (investment tokens or use tokens), allowing users to purchase them according to the specific rules provided for the individual types of tokens.

    The following rules are common to both token categories:

    • Whitepaper and summary note (non-technical language)
    • Obligation to advertise the token offer that is clearly identifiable and that provides accurate and non-misleading information.

    San Marino Innovation has the power to condition the offer thanks to a series of reinforced measures to protect the user and the market. The Institute may request an integration of the information provided by the Blockchain organization, in order to preserve the transparency and credibility of the system, as well as prohibit or suspend the offer / advertising in case of violation of the provisions of the law.

    Rules for initial offerings of investment tokens

    In addition to the aforementioned rules, it will be necessary to apply further directives as this typology requires a higher level of protection.

    In the case public offerings, it will be necessary to prepare:

    • Information Prospectus, drawn up in line with the provisions of the LISF and the European Directive "Prospectuses" to be presented to the Institute for Innovation of the Republic of San Marino S.p.A.

    In the case of non-public offerings, it will be necessary to present:

    • Enriched whitepaper, so there is no need to present the prospectus.

    The offer not to the public must have the following characteristics:

    • Limited to a limited number of investors (maximum 150).
    • Reduced amount (maximum € 8 million).
    • For qualified investors.
    • Token with a denomination of 100,000 euros.

    Table of required documentation for the initial token offer

    Whitepaper Summary Note Informative Prospect Enriched Whitepaper
    Utility Token
    Investment token Public offer
    Investment token Non public offer

    Tax and accounting treatment

    The Republic of San Marino has decided to resort to an assimilation mechanism, under both the fiscal and the accounting profile, in particular:

    • Usage (utility) tokens are assimilated to foreign currencies.
    • The investment tokens are similar to shares, financial instruments or debt securities of the issuer depending on the underlying instrument.

    The taxation regime will therefore be clear, with no room for interpretation. There is a tax exemption for IGR (General Income Tax) for income generated through transactions carried out with tokens covered by the decree.

    Use of the Trust

    The Blockchain bodies, in addition to or as an alternative to the choice of setting up a company under San Marino law, can opt for the establishment of a special trust which has the specific function of:

    • Manage the issue of tokens (utility and investment) in a unified and centralized manner.
    • Managing relations with investors in a unified and centralized manner, nevertheless acting as the sole interlocutor with respect to the issuer.
    • Therefore, the use of the trust institution represents the optimal vehicle for the management of the token issuing activity.

    Protection for the transparency of the system

    The Decree includes a solid anti-money laundering regulation to protect the system. The procedures for adequate verification pursuant to the laws in force in San Marino with regard to transactions in the various areas of application are reinforced by additional precautions:

    • The obligation to apply the appropriate verification in a reinforced form.
    • Access to the system only and exclusively for those subjects who, even in the jurisdictions of belonging, are subjected to control measures equivalent to the adequate verification reinforced by the San Marino system.

    The sector policy chosen for San Marino is to attract operators with vision and skills and

    consequently investors and consultants to consolidate the San Marino ecosystem.

    --------

    San Marino Innovation

    San Marino Innovation, Institute for Innovation of the Republic of San Marino SpA, is a private law company that is owned solely by the State. The strength of the initiative lies therefore in having the State as the guarantor of the broad spectrum social and economic objectives. The company has the task of creating an ecosystem for the growth of the innovation of the Republic, touching all aspects: research, training, collaboration between the players, internationalization of the offer, as well as attracting investment capital both in liquid form and in the form of technological implementation by leading companies in the sector.

    San Marino Innovation is the reference body for the Great and General Council (homologous of the Italian Parliament) and the State Congress (homologous of the Italian Council of Ministers), as well as other institutions and public bodies, and also for private individuals, associations and the companies involved, in the field of innovation, with the aim of supporting the national short-term and long-term strategy in collaboration and coordination with the public offices in charge also through the proposal of regulations aimed at encouraging the growth of the Republic's innovative eco-system San Marino.

    Our goals

    • Accelerate the positive impact that technology can have on the lives of citizens.
    • Contribute to the development of a new economy that uses innovation as an engine for the growth of competitiveness of the Republic of San Marino.
    • Implement the San Marino Digital Agenda.

    Our strategy

    The Institute's positioning is based on an open and systemic approach to innovation. Its theoretical foundations are robust starting from the extensive literature on open innovation deriving from Chesbrough's ideas (2003), but in particular more recent studies on the role of "open-system" intermediaries dealing with "orchestrating" the countless actors that make up a lively and dynamic ecosystem dedicated to innovation (Giudici, Reinmoeller, Ravasi, 2017).

    The San Marino Innovation Institute is explicitly positioned as the "open-system orchestrator" of the lines of development and technological innovation of the Republic of San Marino, putting in place and facilitating cooperation.

    The research shows how the effectiveness of this type of open-system orchestration is based on structured activities that support the creation of communities of innovators, propose advanced training courses, facilitate the transfer, and make sure that all the actors work together minimizing the risks of free-riding (Giudici e al., 2017). San Marino Innovation adds another point of differentiation to this role: being the reference body for the State in accompanying the development of the innovation ecosystem of models and technologies, thus allowing companies to have more regulatory certainties in areas where technology is evolving rapidly.

    The Scientific Committee

    The Scientific Committee is a social organ with the functions of:

    • Encourage the aggregation and collaboration between all the "innovation ecosystem" bodies such as, but not limited to: Universities, Public Administrations, Research Centers, Financial Institutes and Companies.
    • Facilitate technology transfer in traditional sectors.
    • Promote the dissemination of knowledge and the use of innovative technologies.

    The Blockchain Technical Table of the Scientific Committee

    It is impossible to stop technological revolutions and blockchain is no exception. The key is to prepare and understand the role that different operators can play. With a global market that sees blockchain stand at 339.5 million dollars in 2017 and with a growth perspective for 2021 equal to 2.3 billion, the Republic of San Marino has a clear role: becoming the European hub of blockchain. Already in recent months it has been activated with various initiatives, the most important of which is the Blockchain Technical Table, led by San Marino Innovation. An innovative state, therefore, which is endowing itself with clear, definitive and extremely lean legislation.

    The Institute for Innovation of the Republic of San Marino is the perfect partner for companies and start-ups, training centers and institutions that are looking for a place where they can grow and prosper projects and ideas, where they can access a unique and exclusive regulatory and technological sand box environment.

    The projects will be managed and led by the main market players who are now part of the Blockchain Technical Table of the Scientific Committee: IBM, Intesa, SIA, Oracle, Cisco Systems, Cerved, DNV GL, The AvantGrade Group, and different law firms such as Studio Legale Fabioano, Studio Legale Loconte & Partners and Studio Legale Gattai Minoli Agostinelli & Partners.

    SANMARINO INNOVATION

    Republic of San Marino Innovation Institute
    Via III Settembre, 99 Dogana
    47891 Repubblica di San Marino

    sanmarinoinnovation.com

    submitted by /u/kitten-pumper
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    Poloniex doesn't even tell me how much they took from my account

    Posted: 07 Jun 2019 10:32 AM PDT

    Today Poloniex informed me that they have taken 16% of my bitcoins in my lending account to cover up some messed up losses they had with a shitcoin called CLAM. Some bitcoins are obviously missing so I looked though all history and logs trying to figure out how much they have stolen. This is information is nowhere to be found!

    So I open a support ticket asking for the amount and all I got in return was this:

    ---

    Hi *********,

    We appreciate that this situation is not ideal for our customers, and your frustration is certainly understandable. We are striving for the fairest outcome possible for all of our customers.At this time, we are committed to recovering as many of the funds as possible, pursuing defaulted borrowers, as well as considering alternative options. We will continue to communicate to all affected customers over the coming weeks and hope to share positive news about our progress.In the meantime, we appreciate your patience, but there is nothing further that we can do at this time regarding your account.

    Best,

    Poloniex Support Team

    ---

    They don't even inform their customers how much the took! I still only have a vague idea.

    Has anyone else received information from Poloniex how much as in exact amount was taken from your account? If yes, how have you received this information?

    submitted by /u/Erulian
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    SafeHaven ($SHA) expanding their digital inheritance solution and 2FA mmgt key with a new partnership- interesting, imo

    Posted: 07 Jun 2019 02:07 PM PDT

    Can someone confirm that this tweet of the Coinbase CEO was real and has now been removed?

    Posted: 07 Jun 2019 12:27 PM PDT

    Komodo “Infiltrates Itself” to Prevent Security Breach

    Posted: 07 Jun 2019 10:15 PM PDT

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