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    Friday, July 5, 2019

    Home Unlabelled Crypto Currency Markets Aussie 'joke' crypto gets serious: Dogecoin price spikes more than 40% on Binance listing

    Crypto Currency Markets Aussie 'joke' crypto gets serious: Dogecoin price spikes more than 40% on Binance listing

    July 05, 2019

    Crypto Currency Markets Aussie 'joke' crypto gets serious: Dogecoin price spikes more than 40% on Binance listing

    Aussie 'joke' crypto gets serious: Dogecoin price spikes more than 40% on Binance listing

    Posted: 05 Jul 2019 10:04 AM PDT

    Binance Will List Dogecoin (DOGE)

    Posted: 05 Jul 2019 01:03 AM PDT

    Venezuela’s controversial president orders banks to open crypto desks

    Posted: 05 Jul 2019 01:18 PM PDT

    Bomb Token Price Action (3.55% Burned)

    Posted: 05 Jul 2019 09:51 PM PDT

    InWara Research: The weekly newsletter covering all things Crypto!

    Posted: 05 Jul 2019 08:44 PM PDT

    #Metahash Community Has Been Growing... Don’t Miss Out! | NewsBTC

    Posted: 05 Jul 2019 03:49 AM PDT

    Binance finally lists Dogecoin, price pumps 25%

    Posted: 05 Jul 2019 02:12 AM PDT

    [Blockchain Talk] FLETA Building the Serviceable Blockchain

    Posted: 05 Jul 2019 05:28 PM PDT

    Cryptocurrency and Blockchain – Industry News – (06.28.19 – 07.05.19)

    Posted: 05 Jul 2019 03:25 PM PDT

    Total Market Cap, as of 07.05.19 at 12:00pm (PST): U.S. $320,641,857,854 (-5.35%)

    Missed last week's update? Click here

    STORY OF THE WEEK

    • A Cloudflare outage which occurred at 10:00AM EST caused several cryptocurrency websites to experience downtime. Websites impacted by the outage include: Coinbase, CoinMarketCap, Poloniex and U.S. based exchange itBit.

    CRYPTOCURRENCY TRADING SERVICES

    • Binance announces launch of futures trading platform supporting BTC/USDT contracts with up to 20x leverage.

    • BitFlyer resumes onboarding for domestic users after halting registrations for over one year.

    • Binance lists Dogecoin (DOGE), scheduled to go live for trading on July 5th, 2019 at 12:00pm (UTC).

    REGULATION

    • Cryptocurrency exchange ErisX has obtained a Derivatives Clearing Organization (DCO) licence from the U.S. Commodity Futures Trading Commission (CFTC).

    • Members of the U.S. House of Representatives issue a letter to Facebook calling for a moratorium to halt development associated with Libra.

    • The Financial Conduct Authority (FCA) considers an outright ban on the "sale, marketing and distribution to all retail consumers" of cryptocurrency-based derivatives.

    TECHNOLOGY

    • A security vulnerability has been found on Monero that could allow a hacker to allegedly send counterfeit XMR to an exchange in exchange for legitimate XMR. The vulnerabilities have since been resolved.

    • Nestle announces a pilot program that will leverage blockchain to track the supply chain of various products.

    • Fujitsu unveils a blockchain-powered identity verification system for online payments, providing a framework to rate trustworthiness for online transactions.

    INSTITUTIONALIZATION

    • Latin America's largest standalone investment bank, Banco BTG Pactual SA has teamed up with Dalma Capital to sell over U.S. $1 billion worth of security tokens issued on Tezos. The partnership aims to transform real estate into tradable digital contracts live on a blockchain.

    PEOPLE

    • Former head of XRP institutional Liquidity at Ripple, Catherine Coley has joined Binance.US as its CEO.

    TWITTER

    • @Rhythmtrader – "$124 billion dollars of wealth has been stored on the bitcoin network, and not withdrawn, for an entire year. Over 10.5 million Bitcoin hasn't moved in one year. That's about 60% of all bitcoin. Hodling will turn bank accounts into the landlines of today, nonexistent. 🔥"

    • @lopp – "There's one perspective that Bitcoin need not do anything else in order to become a global reserve currency: all it needs to do is nothing as it watches other systems inevitably fail under the follies of fickle fallible humans."

    submitted by /u/Edmund_N
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    Q&A with Sylo's production team

    Posted: 05 Jul 2019 05:16 AM PDT

    Binance VS Bittrex: Ultimate Crypto Exchange Comparison Guide

    Posted: 05 Jul 2019 01:14 PM PDT

    HPB founder designs Blockchain courses on Chinas largest IT educational platform

    Posted: 05 Jul 2019 01:07 PM PDT

    Venezuelan president Nicolás Maduro has ordered the Bank of Venezuela to accept government-issued cryptocurrency, the petro. At the moment the order requires only the Bank of Venezuela to open cryptocurrency desks.

    Posted: 05 Jul 2019 08:17 AM PDT

    $20M+ raised in the last week of Q2 by Blockchain startups! Some big names including Kraken, here!

    Posted: 05 Jul 2019 08:16 AM PDT

    Telegram tokens finally get a public sale... for 3x the price

    Posted: 05 Jul 2019 07:44 AM PDT

    Upcoming Telegram Sale’s Plot Thickens - Gram Asia May Not Have The Right To Sell GRAM Tokens

    Posted: 05 Jul 2019 05:08 AM PDT

    Blockchain Brad Interview with Quant Network CEO — 570 Banks, Rearchitecting the Financial System (DeFi), QNT being listed on Traditional Stock Exchanges this year, Expanding to Asia, Partnered with Oracle, Connecting Binance Chain to Enterprises, Telecoms, Patents and much more

    Posted: 05 Jul 2019 10:58 AM PDT

    https://www.youtube.com/watch?v=G1b9TX6rcuI

    Recommend you watch the entire video (is long but lots of information that explains the scale of this project). Overview of some of the main points below with time stamps so you can refer to the video. Blockchain Brad does really indepth Reviews on projects and doesn't get paid for them so definitely worth checking out his channel as well.

    02:15 - Explains verticals Quant are targeting - Financial services, Government, Healthcare, manufacturing, supply chain, IOT

    03:40 Bank client that went with hyperledger fabric 2 years ago and used Overledger to migrate to another blockchain

    4:35 Working with 570 banks

    5:15 - "What ripple have been trying to do talk to each bank and sign them on 1 by 1, IBM with stellar i've heard that hasn't gone to well lately so we are looking into it. They are trying to sign on banks 1 by 1 and that's going to take a long time to do it

    6:15 every bank has a payment gateway - does SWIFT, domestic payments, credit cards, international payments whatever the gateway does and SIA runs that infrastructure, secure and regulated by the Bank of Italy, complies to the highest level of security and I ran a similar environment in the UK on behalf of the Bank of England.

    So all of these banks have all of these gateways, and on these gateways Sia has SIAChain which is there implementation of 3 blockchains, Corda, Hyperledger Fabric and Ethereum and so these blockchains already exist within that network and there are applications running on them today and what we are doing is these applications are limited because they are running on one blockchain and we're bringing interopreability to it to create cross platform banking applications, core banking applications, this is rearchitecting the banking system that use Overledger and all the different blockchains, but more importantly to allow all these banking systems to connect and interoperate, so this is a big deal, your taking closed secure banking networks and allowing them to interoperate to create new multi chain applications to work across cross border networks

    10:26 the clients we are working with banking is just the start, we're working with government, working in research in a huge conglomerate, these are going to use Overledger internally for their group which is all around the world

    10:54 we're allowing business interoperability, allowing trade corridors between countries and companies across borders which are not there today, and when you think about whats happening with digital assets and people are making their own tokens - JP Morgan's coin is a great exmaple, i don't see why every other bank is not going to have their own token, so there could be a HSBC one, Santander etc, everyone is going to have their own banking internal token which is used for internal accounting purposes, moving assets. We are allowing banks to communicate openly with each other

    14:50 Our vision is to be the foundation of the next financial system (DeFi) and we are reacrchitecting this and we are not just working with retail and commercial banks but also regulators and central banks, this is the level that we are working with.

    16:38 570 banks they are going to use the technology at scale and we're not just having an application that does one thing, we're doing payments, clearing, settlement across different networks for all these banks

    18:07 what we are doing with our architecture is automating and digitizing that across different blockchains and settling between different types of currencies, tokens, assets, value in real time and that's going to fundamentally change the financial system, this is a global financial change to the financial system we are not just doing bank to bank, we are re-architecting how finance works in the future

    19:20 We ran the payment infrastructure for the bank of england and that's treated as the government as critical national infrastructure, thats the highest level of criticality because its so fundamental to the security of the country. By having the experience and know what it takes to run a secure financial infrastrcuture and meeting the requirements of the regulators. First you meet the regulators, explain how it works

    24:52 And now we're expanding to the US where we have clients lining up that want to work with us over there. We're going to build US Market specific products from the US, for the US market using Overledger, we're looking at things beyond just banking and payments, we're looking at traditional exchanges, digital assets, asset management, and the same for Australia and other regions.

    27:27 we are really looking at ASIA, especially around singapore, hong kong and we are working with partners to go there, just yesterday we had a meeting with a $8 billion company based in the ASIA region and they want to use Overledger for their clients and they are going to help us expand to that region, once we partner with the right bigger players

    34:45 We have been talking to Binance about adding Binance chain and connected Binance chain into Overledger means all the enterprises running permissioned blockchains can access Binance chain through Overledger for the first time, as you can't today there's no way to do it. As well as everyone on Binance chain being able to talk to enterprises resulting in more customers for both parties, but also allows Binance chain to use Ripple, Ethereum, EOS etc through Overledger.

    49:08 Oracle is one of our partners, they love what we are doing, they have looked at the technology and said interoperability is something all our customers are wanting and we are working together, we are part of the Oracle Startup ecosystem and there's more coming from that space, enterprises love the technology and its not just Oracle, but others that i can mention once allowed that want to take our technology at scale to their customers because it solves the biggest painpoints for enterprises and from a competition perspective rather than building they are partnering.

    50:04 These are multinational global organisations with 100,000 + employees, this is the scale that we are working towards to take Overledger to the mass market. We can't do it one by one in each country and sign them up but we can partner with someone that has 100 customers and they can take it to all their customers as well which helps with the adoption of our technology

    53:25. Regarding exchanges we are under NDA with a few but we are focusing on Exhcanges which are good enough for the volume and the clients and the scale that we bring. Just being transparent we are looking at traditional exchanges that also have the ability to look at Digital Assets and Quant Token is a digital asset, the market has changed since last year the big players have onboarded the ability to talk and transact digital assets on traditional exchanges that do stocks and bonds and derivatives and all traditional finance products. The market especially in Europe there's some regulatory stuff in the US that some are waiting to clear and thats fine but we're going to cater for all markets because what we bring is that Enterprise depth and volume because people need the QNT token and its explained in the Utility paper.

    54:58 You need the QNT token to access the ecosystem, you need it for transactions and volume and from a security perspective nothing will run unless you have the tokens and all transactions have to be signed and validated and encrypted using the keys and the QNT token for security purposes, so without it nothing will work

    55:40 Regarding when are we going to see the traditional exchanges - is it going to be sometime this year - yes absolutely, definitely sometime this year.

    1:06:25 we have a couple of development houses that are using Overledger in telecoms for their customers and looking at royalties and building that on Overledger which is all multi chain. We've got some others in banking that are separate to the SIA banks and supply chain and yes there's lot of clients.

    1:08:30 People need to understand that patents are key to keeping the IP and the value of the technology you're building and like every other technology company like Apple, Microsoft or whatever they all have hundreds of patents to protect

    Last week we had one which was published and that's taken around 2 years to get to that level and then we just add more patents to support that one and then we have to go different jurisdictions. It's very important to us because you're keeping the value of the technology and you're protecting the value of the technology and if someone tries to copy it we've got the patents that protect it and helps the company

    1:11:30 No we're not planning to exit, we're here for the long run, we see the potential, our customers see the potential we have a lot of investors talking to us who see the potential of what we are doing. we have the managing director of Rockefeller Capital Management on our board and there's other people at that level are going to join as well and so we're taking this as a long term thing and globally. We have had queries about that from a few in the last year and we have said no, not interested

    You can also find out more info about Quant at the following:

    https://medium.com/@CryptoSeq/quant-network-partner-with-sia-a-game-changer-for-mass-blockchain-adoption-by-financial-9059ab411069

    https://medium.com/@CryptoSeq/quant-networks-overledger-part-eight-enabling-enterprise-mass-adoption-f0e0e41363ab

    submitted by /u/xSeq22x
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    Update: Mining risks

    Posted: 05 Jul 2019 07:01 AM PDT

    In previous post by /u/ownblocks there were a bunch of arguments against trading as a whole as opposed to mining. Imo there's no point in saying you're a "crypto enthusiast" if you don't actively trade. And as for mining risks, here are some off the top of my head:

    Fraudulent mining pools and their orgs can steal some of your money. There's always a possibility that your mining power is being used but not by you or your profit is not given.

    You give out advice, but who checked your nicehash and minnergate? unlike big exchanges that don't have an established community, you should source your info before stating facts.

    On top of that, you didn't even mention electricity costs. I hope you know that running a miner costs you real money. It might be profitable but most of the time it's not.

    Again for the mining pools, Black Hat hackers can break in and empty your wallet, how's it more secure than trading on a big exchange?

    And what will you do when your monero drops? Bitcoin grows much faster than alts so it's pretty stupid to expect that you will profit without trading skills.

    You made a point about mining helping with the decentralization but forgot about ghash.io? They almost plummeted btc stock when they were reaching 51%. Big pools are not helping bitcoin... That mainly applies for crazy ASICs and mining farms

    And the equipment you use gets worn off quikly... GPUs overheat, ASICs are outdating and anything you would use isn't used lightly. Did you think about the effect it causes on the environment?

    submitted by /u/big_ma05
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    Beer Hipsters Discover Use-Case For BSV

    Posted: 05 Jul 2019 10:26 AM PDT

    How Moderation Works (Becoming a CS Holder) - Pledgecamp

    Posted: 05 Jul 2019 09:32 AM PDT

    Bitcoin Slumps as Backlash Against Libra Begins

    Posted: 05 Jul 2019 08:59 AM PDT

    Following in the Footsteps of J.P. Morgan, Goldman Sachs May Launch its own Cryptocurrency

    Posted: 05 Jul 2019 02:55 AM PDT

    GOLD BUG PETER SCHIFF OWNS BITCOIN - BrewDog Crypto CrowdFunding - Craig Wright Falsified Docs

    Posted: 05 Jul 2019 11:51 AM PDT
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