Terrorist Financing - BTCMANAGER Bitcoin, Blockchain ...

Bitcoin mentioned around Reddit: Think Tank Links Rising Bitcoin Price to Terrorist Use (/r/Terrorism) /r/finance

Bitcoin mentioned around Reddit: Think Tank Links Rising Bitcoin Price to Terrorist Use (/Terrorism) /finance submitted by BitcoinAllBot to BitcoinAll [link] [comments]

About Bitcoin mining in Egypt and GPUs

Hello,
Just wanted to make a post discussing this matter in Egypt. I hope someone from government also reads reddit.
I can understand logical reasons why Egypt would want to prohibit Bitcoin mining:
  1. Paying electricity at subsidized price and then selling Bitcoins for money means you're stealing the subsidy.
  2. Untraceable Bitcoin can be used for criminal activities or terrorist finance.
  3. Income from Bitcoin mining is not official and counts as income, so taxes are not being paid on it.
Since they suspect people who buy GPUs of doing this, I propose the following:
  1. Let people declare that they are mining Bitcoin and remove electrical subsidy from them (let them pay the highest electricity tier price). Let them also count the electricity as expenses to avoid double-taxing.
  2. Require that the wallets that receive the mining proceeds be made known to the government.
  3. Open a local Egyptian Bitcoin exchange and when mining bitcoins are sold for EGP, count the EGP as capital gains or income and make people pay taxes on them as such.
  4. Prohibit any transfer of those bitcoin between individuals and allow the only action to be done on them is keep them or sell them on a legitimate exchange which requires KYC/AML.
Instead of causing unnecessary headache for people who want to simply buy a GPU to play games by stopping or delaying all GPUs being imported, simply require that the imported GPUs be registered to the individual name (file automatically opened by customs without need of input from the importer), and set a limit for the number of graphics cards imported annually for individual use.
In addition, for people who are not registered as bitcoin miners (or doing high electricity load work), if there's an unnatural large increase in the electricity consumption suddenly that doesn't coincide with a legitimate reason (eg: summer time and start of use of Air Conditioners) and the increase goes beyond the level historically consumed by the residence, then you can suspect that they are mining bitcoin, and then you can then investigate them.
This way, both the government requirements can be satisfied and at the same time, people who just want to play games or do 3D work do not need to be unnecessarily harmed or impeded by regulations.
This post can be considered as an open letter to anyone from authorities.
submitted by destinydisappointer to Egypt [link] [comments]

What is Cardano? [ADA]

What is Cardano?

Cardano is a Blockchain project, also called 3rd generation Blockchain because of its scientific philosophy, designed and developed by a team of worldwide scientists and engineers. The aim of the project is to develop a technology that is secure, flexible and scalable and can therefore be used by many millions of users.
In contrast to other projects, Cardano pursues a policy that seeks to reconcile the needs of the user with those of the regulatory authorities, combining privacy with regulation. Cardano’s vision is that the project will lead to greater global financial integration for all people by providing all people with open access to fair financial services. Cardano wants to create a technological platform on which financial applications can be developed and executed.
It has basically great similarities with Ethereum. Cardano is a platform such as Ethereum, EOS or NEO that enables the creation of new tokens and decentralized applications (dApps) and smart contracts. From a technical point of view, however, there are major differences which we will discuss later.
The cryptocurrency of Cardano is ADA. Like any crypto currency, ADA allows the user to send assets within the Cardano network seamlessly over the Internet in a secure and fast manner. You can find the current price of ADA on our chart page.

Cardano History

Cardano was founded by Ethereum co-founders Charles Hoskinson and Jeremy Wood after both left the Ethereum project after a disagreement over further development. While the later Cardano founders wanted to create a commercial enterprise behind Ethereum, Vitalik Buterin’s group was able to assert itself by setting up a charitable foundation behind the project.
Logically, Hoskinson and Wood founded a company, Input Output Hong Kong (IOHK), to manage Cardano’s research and development. Between September 2015 and January 2017, Cardano conducted a public ICO that raised a total of 62 million US dollars. About two thirds of all Ada tokens were sold.
Cardano was officially launched on 29 September 2017. Currently the project is still in its bootstrap era (“Byron”). In the bootstrap era, when people buy or sell Ada, the transaction is automatically delegated to a pool of trusted nodes that manage the network. They do not receive block rewards in this phase of the project. IOHK is currently working on numerous improvements and features. The next phase “Shelley” is to be introduced in 2019. In this phase, the project will grow into a fully decentralized and autonomous system.
This will be followed by the “Goguen” era, in which the integration of smart contracts is planned. This is followed by the “Basho” phase, which is intended to improve performance, and finally the “Voltaire” phase, which is intended to add a treasury system and a governance model (“Liquid Democracy”). The complete roadmap can be seen here.

The organization behind Cardano

As already written, Charles Hoskinson has decided to found the company IOHK in order to guarantee a coordinated and planned development of the project. IOHK is responsible for the design, development and maintenance of the Cardano platform until 2020.
In addition, however, there were originally two other institutions that took care of the Cardano project: Emurgo and the Cardano Foundation, based in Switzerland. Emurgo is a Japanese company that is also currently pushing partnerships with other commercial companies and organizing Cardano’s business development.
In particular, the Cardano Foundation was entrusted with administrative tasks. Otherwise the Foundation was responsible for public relations, trademark law, lobbying and cooperation with governments and regulators. In October 2018, however, there was a break between IOHK/ Emurgo and the Cardano Foundation. Among other things, Hoskinson has accused the Cardano Foundation under the direction of Michael Parsons of inaction. As a result IOHK and Emurgo decided to take over the tasks of the foundation.

Cardano: 3rd generation blockchain

Charles Hoskinson has recognized that 2nd generation blockchains still have many open problems to be successful in the long run. These are in particular scalability, interoperability and sustainability. Cardano has (partly) developed new concepts and technologies for this purpose.

Scalability

In terms of scalability, there are three challenges for Cardano:
  1. Transactions per second (TPS)
  2. Network / Bandwidth
  3. Data scaling

Transactions per second

The Transactions per Second (TPS) measure how many transactions per second can be written to a block. According to Hoskinson, however, this is only part of the problem of scaling. While Bitcoin 3-7 TPS and Ethereum 10-20 TPS create, this is far from enough to host millions of users. The solution to this problem is Cardanos Ouroboros Proof-of-Stake algorithm, which we will discuss later.

Network

A further challenge is the network, which will also have an exponentially increasing demand for network resources with millions of users as the demand increases with the number of transactions. The demand will grow in size regions of several hundred terabytes or even exabytes.
Therefore, it will be impossible to maintain a homogeneous network topology in which each node forwards each transaction and message. Not every node will have the necessary resources. To solve this problem, Cardano intends to use a technology called RINA.

Data scaling

Since the blockchain has to store the data forever, there will be an enormous and constantly growing amount of data to be scaled (“Data Scale”). The problem is obvious. If every node has to keep a complete copy of the entire blockchain, this will not be possible for every node from the point of view of resources. The solution is that not every node needs all data. The solution approaches therefore include in detail:

Interoperability

Charles Hoskinson believes that there will not be a single crypto currency to be used in the future. Therefore Cardano aims at enabling the different blockchains to communicate with each other. Cardano’s vision is to create an “Internet of blockchains” in which there is no intermediary.
A solution to this problem should be for Cardano, Sidechains. The concept has been around in crypto space for quite some time. Simply put, sidechains are parallel blockchains that can communicate with the main blockchain.
In addition, Cardano tries to comply with all existing compliance rules: KYC (Know Your Customer), AML (Anti Money Laundering), ATF (Anti Terrorist Financing). In order for this to work, Cardano provides metadata to each transaction.

Sustainability

According to Hoskinson, sustainability is the most difficult challenge. Basically, it means that continuous developments must be carried out on the system. This requires financial resources. Both a patronage and an ICO do not make sense for Hoskinson. Patronage leads to centralization, while ICOs provide short-term resources for the ecosystem, but at the same time produce a new, useless token.
For this reason, Cardano is oriented towards Dash’s treasury system. Each time a block is added to the block chain, a portion of the rewards is added to the Treasury. If funds are needed for development, they can be allocated.
To this end, Cardano has developed a governance model (“liquid democracy”) in which stakeholders can vote on a proposal for the distribution of funds.

Ada: Ouroboros Proof-of-Stake

Similar to Ethereum’s future proof-of-stake (PoS) “Casper”, Cardano also relies on a PoS. This means that there are no miners within the Cardano network responsible for validating transactions. A new proof-of-stake algorithm called Ouroboros was developed for Cardano. The basic difference between Ouroboros and Ethereum’s Casper or other similar algorithms is how block premium recipients (validators) are selected.
The core idea of the Ouroboros Proof of Stake is that a node is selected to create a new block with a probability proportional to the total number of Ada. This means that the more Ada a stakeholder has, the more he can earn over time.
In principle, each node with an Ada credit balance greater than 0 is referred to as a “stakeholder”. When a node is selected to create a new block, it is called a slot leader. The slot leader writes the transactions into a block, signs this block with his secret key and publishes the block in the network.
A fundamental problem in this electoral process is randomness. To achieve this, Cardano uses a Multiparty Computation (MPC) approach in which each voter independently performs an action called coin tossing (Coin-Fllipping Protocol).
submitted by hashatoshi to u/hashatoshi [link] [comments]

Blockchain in the Public Sector – Webcast Q&A

Blockchain in the Public Sector – Webcast Q&A
Link to our website: https://block.co/blockchain-in-the-public-sector-webcast-qa/
Block.co fourth webcast titled "Digital Transformation of the Public Sector & The Upcoming Legislation of Blockchain Technology in Cyprus” was an immense success. We gathered some of the best experts in the field, Deputy Minister Kyriacos Kokkinos, Jeff Bandman, Steve Tendon, and Christiana Aristidou to share their experience and discuss with us the latest updates regarding Blockchain in the Public Sector.
In its fourth series of webcasts, Block.co gathered 281 people watching the event from 41 different countries, for a two-hour webcast where guests answered participants’ questions. Following the impressive outcome and response we received from the audience, Block.co’s team has done its best to address all the questions for which public information is available.
Below is a list of the questions that were made and were not answered due to time constraints during the webcast. For the remaining questions from our audience, the team will reach out to our distinguished guests to receive their comments and feedback. Please note, that the below information is only for informational purposes!
Question 1:
How can asset tracing be accomplished with bitcoins and cryptocurrency? And how can this be regulated?
Block.co Team Answer:
Digital Asset tracing may be accomplished with cryptocurrency intelligence solutions such as Cipher Trace and the ICE cryptocurrency intelligence program. FATF (Financial Action Task Force) embarked on a program of work from summer 2018 to June 2019 to strengthen and update the provisions dealing with virtual assets and virtual asset service providers. FATF updated Recommendations in October 2018 and Guidance in June 2019 include several new obligations that apply to VASPs. The so-called “Travel Rule” FATF announced in October 2019 agreed on the assessment criteria for how it will assess countries’ compliance with the new global standards. Under the Travel Rule, the transmitter’s financial institutions must include and send information in the transmittal order such as Information about the identity, name, address, and account number of the sender and its financial institution Information about the identity, name, address and account number of the recipient. The ”Travel Rule” is effectively being applied to cryptoasset transfers when there is a virtual asset service provider (VASP) involved. The scope of focus has broadened from “convertible” virtual assets to any virtual asset. Countries should make sure businesses can freeze crypto wallet or exchange accounts for sanctioned individuals.
Question 2:
Which kind of software or technical knowledge is required to develop cryptocurrency?
Block.co Team Answer:
It depends on the type of cryptocurrency you wish to create, as well as the preferred functionality and features, and characteristics of the token or coin (i.e. will it be pre-mined, what type of hashing or cryptographic algorithm will be used (i.e. proof of work (POW) or proof of stake (POS) or a hybrid of both), etc. Likewise, it is useful to utilize a programming language that is broadly used and supported by a vast and active development community; more data could be found here: more information could be found here: top programming languages in 2015/2016, published by IEEE here, and TIOBE. Hypothetically, you can utilize any programming language to make cryptocurrency digital money, however, the most widely recognized are C, C++, Java, Python, Perl. The beauty of cryptocurrencies is that you can literally have access to the entire Bitcoin and Ethereum open-source programming scripts, and create your alternate coin (altcoin).
Question 3:
Hello all, I want to know about the current status of the European Union Blockchain initiative in currency or public identity.
Block.co Team Answer:
Please refer to the European Services Blockchain Infrastructure (EBSI) website.
Question 4:
Mining is also the process of confirmation of transactions in the Bitcoin Blockchain. What is the process of confirmation of transactions in the Blockchain of an Organization? How do we call it?
Block.co Team Answer:
That would depend on the specific consensus algorithm used for the confirmation of transactions. The consensus algorithm is part of the blockchain protocol that defines the rules on how consensus is reached on that blockchain. In order to participate, entities on the blockchain must obey and follow the same consensus algorithm. Make sure to check our glossary for more information.
Question 5:
How does a small business implement blockchain into its current non-blockchain software systems? Who do they hire to install it?
Block.co Team Answer:
It is easy when there are APIs to connect the various software. For more information, you can check Block.co API.
Question 6:
What is your opinion on digitizing developing economies like India by using AI and blockchain?
Block.co Team Answer:
Watch a very interesting webinar on the matter by Mr. Prasanna:
Question 7:
Blockchain technologies have been around since 2008. What would you say has been the biggest obstacle in widespread adoption?
Block.co Team Answer:
In our opinion, the biggest obstacles are volatile cryptoasset prices, complicated UIs, undefined blockchain technology standards. Moreover, the legislation around the technologies is still now being developed and does not offer legal certainty for broader adoption.
Question 8:
Limitations to Blockchain Usability in the Public Sector?
Block.co Team Answer:
Blockchain in the Public Sector, like any other innovative concept with big potential, cannot be a solution to every problem. Users and developers are still figuring out technological and managerial challenges. From a technological perspective, some aspects such as platform scalability, validation methods, data standardization, and systems integration must still be addressed. From a managerial point of view, the questions include business model transformation, incentive structure, and transaction scale, and maturity. Read more here.
Question 9:
How can these blockchain initiatives be practical for the African context
Block.co Team Answer:
As long as the internet infrastructure is in place, these blockchain initiatives may have the same benefits for the African region.
Question 10:
What are some compelling use cases you’ve seen lately, and how do they serve to further legitimize blockchain as a solution?
Block.co Team Answer:
You can see the global trends from all around the world when it comes to further legitimization as a solution, with China leading the way. Read more here.
Question 11:
How does digital currency manage the issue of money laundering?
Block.co Team Answer:
Depends under which context you are looking at the term digital currency. A digital currency usually refers to a balance or a record stored in a distributed database, in an electronic computer database, within digital files or a stored-value card. Some examples of digital currencies are cryptocurrencies, virtual currencies, central bank digital currencies (CBDCs), and e-Cash. The Financial Action Task Force (FATF) is an intergovernmental body established in 1989 on the initiative of the G7 to develop policies to fight money laundering. Since 2001 FATF is also looking into terrorism financing. The objectives of FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing, and other related threats to the integrity of the international financial system. FATF is a “policy-making body” that works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas. FATF monitors progress in implementing its Recommendations through “peer reviews” (“mutual evaluations”) of member countries. It is the global watchdog for anti-money laundering & counter-terrorist finance. In June 2019, it updated its guidance paper for Virtual Assets Service Providers (VASPs) regarding the transfer of digital assets. There was an insertion of a new interpretive note that sets out the application of the FATF Standards to virtual asset activities and service providers. To apply FATF Recommendations, countries should consider virtual assets as “property,” “proceeds,” “funds,” “funds or other assets,” or other “corresponding value.” Countries should apply the relevant measures under the FATF Recommendations to virtual assets and virtual asset service providers (VASPs). Read more about the FATF recommendations here).

https://preview.redd.it/58tt7mt1pld51.png?width=1920&format=png&auto=webp&s=d24811c4864ebf02cb9aacc8d6b877a1fbc3756b
Question 12:
To what extent can blockchain be used to improve the privacy of healthcare?
Block.co team Answer:
Please refer to our previous webcast, blog, and articles for more information.
Question 13:
What is Blockchain technology in Shipping?
Block.co team Answer:
The shipping sector has been in the hold of phony maritime institutes charging exorbitant fees via agents, issuing certificates to candidates who do not have the imperative attendance, or those candidates who just pay the fees for the course and ask for the certificate. In view of these fake accreditations, the possibility exists that someone could be harmed or killed, and we could face any number of potential ecological disasters. Having the option to easily verify the genuine origin of a certificate by an approved maritime center is foremost for shipping companies to fast-track their operation and streamline their labor.
Question 14:
Different uses of blockchain other than cryptocurrency?
Block.co team Answer:
Please refer to our blog and glossary.
Question 15:
Upcoming trends in Blockchain concerning Advertising, Marketing, and Public Relations in the Public and Private sectors.
Block.co Team Answer:
Regarding the application of blockchain technology to media copyrights, please see Block.co use case proposal during the Bloomen Ideathon.

https://preview.redd.it/48zc8j38pld51.png?width=3622&format=png&auto=webp&s=79987d1dc7eb8d0c8e32dbce8680b17801d0d244
Question 16:
How to create a decentralized blockchain?
Block.co Team Answer:
An excessive number of individuals feel that blockchain is some supernatural innovation that makes up a decentralized system. In truth, this innovation only enables decentralization. Which means, it permits cryptocurrency to work in a decentralized way. Yet, it doesn’t give any guarantees that it will work that way. Along these lines, it’s really, some outer variables that decide genuine decentralization. Technology, itself never really guarantees it. That is the reason it’s a mistake to expect that if it’s a blockchain — it’s decentralized. From a technical perspective, both blockchains, centralized, and decentralized are comparative, as they take work on distributed peer to peer to network. This implies every node is individually responsible to verify and store the shared ledger. Both Blockchains utilize either a proof-of-work or proof-of-stake mechanisms to make a solitary record and they have to give upper and lower limits on the security and productivity of the system. For more information please refer to our infographic.
Question 17:
Dubai government Blockchain implementation progress?
Block.co Team Answer:
You can see more information here.
Question 18:
How Blockchain and IoT can be integrated to secure data being transmitted through IoT devices.
Block.co Team Answer:
You can read more about it here.
Question 19:
How can the Nigerian government use Blockchain to effectively implement its existing launched eGovernment master plan?
Block.co Team Answer:
Perhaps it can draw its attention to the initiatives of Dubai, Estonia, and Malta to prepare an implementation framework.
Question 20:
What impact is blockchain going to have in today world of business especially in the financial sector
Block.co Team Answer:
Please refer to our recent article titled Benefits of Blockchain Technology in the Banking Industry.
Question 21:
Is Blockchain Technology affect individuals?
Block.co Team Answer:
The social effect of blockchain innovation has just started to be acknowledged and this may simply be a hint of something larger. Cryptocurrencies have raised questions over financial services through digital wallets, and while considering that there are in excess of 3,5 billion individuals on the planet today without access to banking, such a move is surely impactful. Maybe the move for cryptocurrencies will be simpler for developing nations than the process of fiat cash and credit cards. It is like the transformation that developing nations had with mobile phones. It was simpler to acquire mass amounts of mobile phones than to supply another infrastructure for landlines telephones. In addition to giving the underprivileged access to banking services, greater transparency could also raise the profile and effectiveness of charities working in developing countries that fall under corrupt or manipulative governments.
An expanded degree of trust in where the cash goes and whose advantages would without a doubt lead to expanded commitments and backing for the poor in parts of the world that are in urgent need of help. Blockchain technology is well placed to remove the possibility of vote-apparatus and the entirety of different negatives related to the current democratic procedure. Obviously, with new innovation, there are new obstacles and issues that will arise, yet the cycle goes on and those new issues will be comprehended with progressively modern arrangements. A decentralized record would give the entirety of the fundamental information to precisely record votes on an anonymous basis, and check the exactness and whether there had been any manipulation of the voting procedure.
Question 22:
As Andreas Antonopoulos often says in his MOOC: ”is a blockchain even needed?” Ie. Are there better methods?
Block.co Team Answer:
In combination with nascent technologies, IoT, distributed computing, and distributed ledger technologies, governments can provide inventive services and answers for the citizens and local municipalities. Blockchain can provide the component to create a safe framework to deal with these functions. In particular, it can provide a safe interoperable infrastructure that permits all smart city services and capacities to work past presently imagined levels. On the off chance that there were better techniques, they would be researched.
Question 23:
Would any of this be also applicable to the educational sector (as part of the general public sector), and if so in which way?
Block.co Team Answer:
Yes, please refer to our Webcast on Education and our blog post.
Question 24:
Will we be able to get a hold of this recording upon completion of the meeting?
Block.co Team Answer:
Yes, here is a link to the recording of our webcast Blockchain in the Public Sector.
Question 25:
Was wondering if there are any existing universal framework in governing the blockchain technology?
Block.co Team Answer:
The short answer is NO, as this framework is currently being prepared in collaboration with the various Member States.
We would like to thank everyone for attending our webcast and hoping to interact with you in future webinars. If you would like to watch the webinar again, then click here!
For more info, contact Block.co directly or email at [[email protected]](mailto:[email protected]).
Tel +357 70007828
Get the latest from Block.co, like and follow us on social media:
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submitted by BlockDotCo to u/BlockDotCo [link] [comments]

Blockchain Can Provide the Right to Privacy That Everyone Deserves

You can read the original article here: https://cointelegraph.com/news/blockchain-can-provide-the-right-to-privacy-that-everyone-deserves
Blockchain technology can help to build a self-sovereign financial system where privacy belongs to the people.
Contrary to popular belief, privacy is not for those with something to hide but with everything to lose. Authoritarian governments across the globe are increasingly using surveillance to control their citizens at the expense of personal freedoms and civil liberties. The privacy of one’s financial transactions is intricately linked to one’s personal liberty. Without privacy (and financial means), true freedom is at risk. We are rendered powerless to resist oppression.
The promise of cryptocurrency is that it is uncensorable and unseizable money for the people. But Bitcoin (BTC), which was supposed to be like peer-to-peer digital cash, lacks privacy, which is essential to enabling these properties. In an increasingly connected and data-driven world where surveillance and data harvesting is the norm, we must treat privacy as a fundamental human right. If we believe in the original tenets of cryptocurrency as a decentralized and self-sovereign form of money, we need to fight to maintain our right to be private.

Privacy-shy

Some cryptocurrency projects seem to be apologetic for being privacy-focused, given the current regulatory climate and common misconception that privacy coins are used by criminals to hide illicit activities. Consequently, we see other projects in the space, such as Zcash (ZEC), Dash (DASH) or even Bitcoin adopting opt-in privacy models, which clearly do not work.
Low usage means low privacy, as indicated by Chainalysis’ findings that 99% of Zcash transactions are partially traceable and that the firm can perform successful investigations into Dash’s PrivateSends. Other studies also indicate that despite Zcash’s advanced technology, many users who did not completely understand how its privacy worked used it improperly and made it traceable anyway. Yet, the fact is: No matter how advanced the privacy technology employed, it is meaningless if it is not used. Privacy likes being in a crowd. Privacy needs to be easy-to-use.
Various explanations have been given as to why these privacy cryptocurrencies do not seem to want to encourage greater adoption of private transactions. The primary reason being that they need to play nice with regulators, who are uncomfortable with the idea of private transactions. Despite its early origins being one of the first privacy coins, called Darkcoin, Dash goes to great lengths to distance itself from being called a privacy cryptocurrency, including with a published legal position that in terms of privacy, it is no different than Bitcoin. These timid approaches do privacy a great disservice, characterizing it as something shameful.
A better, bolder approach is privacy-on by default, with transparency opt-in. Offering the privacy protocol Lelantus, which automatically anonymizes funds in a wallet, but also allows for the option of turning it off when needed, serves to maintain easy adoption for exchanges and wallets that do a high volume of sends but don’t necessarily want the overhead of privacy transactions.
Since the exchange knows your identity anyway, there is no need for sacrificing anything but gaining the benefit of large anonymity sets and fast, lightweight transactions for exchanges and ease-of-integration with the larger crypto ecosystem that is used to dealing with Bitcoin-type coins. This is especially important when integrating into decentralized exchanges or for interoperability for DeFi transactions.

Playing nice with regulators

Privacy coins are concerned about their survival in an increasingly hostile regulatory environment, in which it is easier to maintain opt-in privacy for compliance reasons. While significant pressure against privacy coins comes from banks or concerned regulators, there is no outright statutory or common law against them. Even the revised “travel rule,” or FATF rules that impose additional obligations on disclosure, as well as Anti-Money Laundering rules for exchanges and custodial wallets, do not ban privacy coins. Virtual asset service providers, or VASPs, can still disclose sender identity, as they already know who you are regardless of blockchain privacy mechanisms.
Related: Blockchains Are an Excellent Solution for Privacy, Part 2

Privacy for all

We strongly reject the common argument that privacy technologies enable illicit activity. Recent studies such as the Rand Corporation’s report states:
“While privacy coins may intuitively appear likely to be preferred by malicious actors due to their purported anonymity-preserving features, there is little evidence to substantiate this claim.”
The traditional fiat world continues to make it easy to launder money without having to resort to the complexities and volatility of cryptocurrencies. For example, trade-based money laundering is still simple to do and hard to detect. Additionally, the “National Terrorist Financing Risk Assessment” report published in 2018 continues to cite the banking system and complicit money services businesses as the primary way that terrorist funding is facilitated.
Many of these reports indicate that the right way to combat these is through robust international regulation and law enforcement, as well as improved coordination between the public and private sectors. None of these reports suggest the banning of privacy technologies or cryptocurrencies.
Any cryptocurrency that wants to remain true to the original purpose must include privacy. With the development of blockchain technology, we are at the precipice of a self-sovereign financial system in which we have complete control over our assets. We envision a system in which the freedom and opportunities of true economic equality, and not just financial equality, are guaranteed for everyone. To reach these lofty goals, privacy is essential to preserving our rights and the freedoms therein. The cryptocurrency industry must come together to champion privacy and work to further its wide-scale adoption. Our goal is to change public perception and make privacy a value worth fighting for.
submitted by BlockDotCo to u/BlockDotCo [link] [comments]

Liquid CAD: Canadian dollar payments on the Liquid Sidechain

Hello fellow Canadian bitcoiners or bitcoinca! You will find below all the information related to the launch of Liquid CAD and Bull Bitcoin's Liquid Bitcoin integration. I'll be checking comments here to answer your questions! I'm also posting some comments on my announcement tweet here: https://twitter.com/francispouliot\_/status/1245758698120605697?s=20

Making the Canadian Dollar Bleed Into Bitcoin

Building the infrastructure for the Bitcoin Standard in Canada before the collapse of fiat currencies is the critical mission objective that drives innovation at Bull Bitcoin.
We are very excited to announce an important milestone in fulfilling this duty: the public release of Liquid CAD, our newest product designed to accelerate and facilitate the adoption of Bitcoin.
Liquid CAD is a non-custodial prepaid payment system denominated in Canadian dollars. Units of Liquid CAD (L-CAD) consist of vouchers issued on the Liquid Network as confidential bearer assets that can be transacted peer-to-peer using a Liquid wallet.
Users acquire Liquid CAD by withdrawing their account balance out of Bull Bitcoin, by purchasing Liquid CAD with Bitcoin on Bull Bitcoin, by using the Liquid CAD withdrawal method on other Bitcoin liquidity providers such as Aquanow or by accepting L-CAD as method of payment.
L-CAD assets can only be redeemed for Bitcoin. They cannot be redeemed for a fiat currency payment.
Liquid CAD is a unique project rethinking the concept of fiat-pegged assets, avoiding the banking business model of “fiatcoin” (aka stablecoins) in favor of a prepaid payments model entirely centred around Bitcoin on-ramp and off-ramp. Liquid CAD is not a currency, nor is it a security: it is a prepaid card.
Importantly, the business model of Liquid CAD is not to collect interest on funds in our custody, unlike fiatcoins, but rather to drive the sales of Bitcoin from which we derive our revenue and we benefit from Liquid CAD assets being cashed out and thus removed from our balance sheet. Bull Bitcoin does not get any revenue from interest.
Every time an L-CAD token is purchased by a user, the amount of dollars deposited on Bull Bitcoin is guaranteed to one day be used by someone to purchase Bitcoin. It’s a one-way street: once a unit of fiat is tokenized as L-CAD, it’s never going back to its off-chain fiat form and will ultimately result in a buy order on a Bitcoin trading platform.
The Liquid CAD logo is a drop of blood because our objective is to accelerate “fiat bleed”, a phenomenon best described by Pierre Rochard in his magnificent essay Speculative Attack:
“Bitcoin will not be eagerly adopted by the mainstream, it will be forced upon them. Forced, as in “compelled by economic reality”. People will be forced to pay with bitcoins, not because of ‘the technology’, but because no one will accept their worthless fiat for payments. Contrary to popular belief, good money drives out bad. This “driving out” has started as a small fiat bleed. It will rapidly escalate into Class IV hemorrhaging due to speculative attacks on weak fiat currencies. The end result will be hyperbitcoinization, i.e. “your money is no good here. Bitcoins are not just good money, they are the best money. The Bitcoin network has the best monetary policy and the best brand. We should therefore expect that bitcoins will drive out bad, weak currencies. My own prediction is that slow bleed has been accelerating and is only the first step. The second step will be speculative attacks that use bitcoins as a platform. The third and final step will be hyperbitcoinization.”
Different representations of Canadian dollars compete to be used as payment methods (cash, bank balances, PayPal balances, closed-loop prepaid cards, open-loop prepaid cards, etc.) and that the winner will be the one that has the best Bitcoin saleability, i.e. which can be most easily sold for Bitcoin at a moment’s notice.
We’re very proud to provide this alternative payment method to Canadians in a time where the banking system is falling deeper into crisis, especially as the Canadian dollar is demonstrating itself to be one of the most pointless and weakest currencies that nobody really wants to hold.
Finally, we’re very happy to be partnering with Aquanow, our recommended institutional liquidity provider for high-volume BTC-CAD trading. They will accept Liquid CAD deposits and withdrawals as being interchangeable with Canadian dollars. We hope that Liquid CAD will become the standard representation of Canadian dollar value among Canadian Bitcoin users.

Liquid Bitcoin (L-BTC) integration

In addition to Liquid CAD, Bull Bitcoin is also announcing that Liquid Bitcoin (L-BTC) payments are now supported interchangeably with Bitcoin transactions for all Bull Bitcoin services. This means that our users can buy, sell and spend L-BTC instead of BTC.
Canadian Bitcoin traders can purchase L-BTC from BullBitcoin.com and fund their international trading accounts with L-BTC using ultra fast and cheap confidential transactions. They can also cash-out their Bitcoin balance as L-BTC from these platforms and sell those L-BTC for fiat on Bylls.com, avoiding risky and expensive international wire transfers to unknown and untrusted foreign banks.
The transactional benefits of L-BTC are very potent:
Disclaimer: Liquid Bitcoin (L-BTC) is not the same as Bitcoin (BTC). L-BTC Liquid Network assets are IOUs for Bitcoin held in a multisignature contract by the Liquid Network federation. The custody of the underlying Bitcoin is managed by a decentralized network of 15 members which process transactions and withdrawals from the multisignature contract according to the Liquid Federation protocol rules.

Liquid CAD detailed overview

Peer-to-peer prepaid payments by Bull Bitcoin

Liquid CAD is a non-custodial prepaid payment system denominated in Canadian dollars. Units of Liquid CAD (L-CAD) consist of vouchers issued on the Liquid Network as confidential bearer assets that can be transacted peer-to-peer using a Liquid wallet. Users acquire Liquid CAD by withdrawing their account balance out of the Bull Bitcoin, by purchasing Liquid CAD with Bitcoin on Bull Bitcoin, by using the Liquid CAD withdrawal method on other Bitcoin liquidity providers such as Aquanow or by accepting L-CAD as method of payment.

A new payment method in Canada

Liquid CAD can be used by anyone to send and receive payments denominated in Canadian dollars. Because of the permissionless nature of the Liquid Network, Bull Bitcoin cannot prevent Liquid CAD from being traded on secondary markets. Merchants, individuals and institutions must accept that only Bull Bitcoin can guarantee redemption of the L-CAD and that this redemption will be exclusively paid out in Bitcoin. Accepting Liquid CAD as payment is, in effect, the same as accepting gift cards as payment. However, Bitcoin being the most liquid commodity on the market, it can be transformed into any other currency easily for example using services such a Bylls which allow Canadians to pay all their utility bills, send bank transfers to third parties or sell Bitcoin to their bank account.

Making Canadian dollars bleed into Bitcoin

The purpose of Liquid CAD is to facilitate the transfer fiat in the context of the purchase and sale of Bitcoin and providing innovative new services that help Bitcoin users hedge the value of Canadian dollars against Bitcoin in the context of their commercial transactions. Our goal is to create a payment method that is specifically targeting Bitcoin users that wish to liquidate Canadian dollar payments for Bitcoin. Our mission is to accelerate the phenomenon known as “fiat bleed” whereby Canadians will gradually abandon inferior money (such as the Canadian dollar) for the superior Bitcoin alternative. Every Liquid CAD issued will ultimately be exchanged into Bitcoin. We are excited for the day Liquid CAD will be made obsolete by the inevitable hyperbitcoinization of the Canadian economy.

Regulation: is Liquid CAD a stablecoin?

Liquid CAD is not a general-purpose “stablecoin”. It is a closed-loop Bitcoin prepaid card. It can exclusively be redeemed for Bitcoin on the Bull Bitcoin platform (or at affiliated merchants). Bull Bitcoin is the only counterparty, and it cannot be redeemed for a canadian dollar payment. It is substantively the same as Canadian Tire money. Unlike stablecoins, Bull Bitcoin makes money with L-CAD by driving the sales of Bitcoin on its platform, and doesn’t collect interest on the deposits of Liquid CAD users.
The purchase of Liquid CAD with Canadian dollars is regulated in the Province of Quebec as a prepaid card under the Consumer Protection Act and the Regulation respecting the application of the Consumer Protection Act Consumer Protection Act which define a prepaid card as “a certificate, card or other medium of exchange that is paid in advance and allows the consumer to acquire goods or services from one or more merchants”.
The purchase of Bitcoin using Liquid CAD is regulated in Canada by the Financial Transactions and Reports Analysis Centre of Canada under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (S.C. 2000, c. 17).

Counterparty risk

Like all other closed-loop prepaid instruments, Liquid CAD has counterparty risk. The owners are trusting that they will eventually be able to use Liquid CAD as a payment method on the Bull Bitcoin platform to fund their account and purchase Bitcoin. When a Bull Bitcoin user withdraws his Bull Bitcoin account balance as an L-CAD token, the Canadian dollars he used to fund this balance remains in our possession in the same manner as regular Bull Bitcoin vouchers. These funds are used to execute Bitcoin purchases when L-CAD owners decide to redeem their L-CAD for Bitcoin. In essence, each L-CAD is “backed” by the Canadian dollar deposit of the user that withdraws it from the platform in the first place.

Benefits of using and accepting Liquid CAD for payments

Irreversible, non-custodial and no bank required

Liquid CAD payments cannot be charged back, cancelled, delayed or frozen. There is no intermediary between the sender and the recipient. It is a bearer asset: whoever owns the keys owns the coins. It is a perfect way to accept payments or transact securely without depending on banks and payment processors. Canadians can use Liquid CAD to purchase Bitcoin and then use Bylls.com to pay billers, personal payees or simply sell Bitcoin to their bank account.

Fast transaction and cheap fees

Liquid Network transactions are sent and received instantly and require 1 minute for settlement. Transaction fees paid using Liquid Bitcoin can be as low as 300 satoshis per transaction (a few cents). In order to benefit from these cheap fees, make sure to download the latest version of the Elements software and ensure that the minimum transaction fee is set at 100 satoshis per kilobye. It only takes a few minutes to set up a free Liquid Network wallet, such a Green Wallet by blockstream.

Confidential transactions

Unlike Bitcoin, transactions between the sender and the recipient are encrypted. It is impossible for third parties observing Liquid CAD transactions on a block explorer to determine the amount of the transaction. In addition, it’s also impossible to even know you are using Liquid CAD, since the data identifying the asset itself is also encrypted!

What are the use-cases of Liquid CAD?

Buying and selling Bitcoin

The primary use-case of Liquid CAD is to make it easier to buy and sell Bitcoin on the Bull Bitcoin platform. By withdrawing their balance from Bull Bitcoin, users are reducing some (but not all) of the custody risk associated with keeping fiat currency on an exchange. For example, use Liquid CAD to create your own non-custodial dollar-cost-averaging schedule!

Onboarding new Bitcoin users

New users can be overwhelmed by the experience of dealing with banks to buy Bitcoin (and the heavier KYC process of account funding). You may be tempted to buy Bitcoin for them, but that will impose a lot of burdens on you. It’s much easier to set them up with a Green wallet, send them Liquid CAD and show them how to use Bull Bitcoin! They decide when is the right time for them to invest, with a lower KYC burden.

Hedging Bitcoin price

You may believe the price of Bitcoin will go down in the short term, but you still want to hold Bitcoin in the long term. Normally you have two options: short the Bitcoin price (very risky!) or sell your Bitcoin and receive Canadian dollars in your bank account (inconvenient!). By selling your Bitcoin for Liquid CAD, you can lock in the value of Bitcoin right now and buy them back later without needing to use your bank account or taking risks with leverage.

Accepting payments

As a merchant, you want to receive the settlement of payments in Bitcoin. But this imposes a burden on your customers, which have to deal with the Bitcoin price volatility when they are paying you. Ask your clients to pay you with Liquid CAD, and you can get the settlement with Bitcoin on your own terms.

Payroll and suppliers

What if your staff or suppliers want to get paid in Bitcoin? It can be very difficult, because this means you are effectively buying Bitcoin on their behalf. Instead, you can pay them in Liquid CAD and let them deal with the process of choosing the exchange rate and using their own wallet. Let them deal with the tax burden, exchange rates and Bitcoin wallet security.

List of Bull Bitcoin Liquid Network features

Withdraw account balance as L-CAD

This is conceptually the same as “buying” Liquid CAD with your account balance. We call it “Withdrawing L-CAD” because on the Bull Bitcoin platform, we consider L-CAD and CAD to be interchangeable and fungible.

Fund account balance with L-CAD

To redeem Liquid CAD for Bitcoin, users need to first fund their account by selecting the “Deposit L-CAD” payment method. Bull Bitcoin users must always fund their account first before buying Bitcoin, and then purchase Bitcoin with their account balances. Reminder: account balances cannot be withdraw as fiat payments, but can later be withdrawn again as L-CAD.

Sell Bitcoin for L-CAD

You can sell Bitcoin and receive Liquid CAD payments instead of a bill payment, personal payee payment or bank payment. As soon as the Bitcoin transaction is confirmed, the Liquid CAD transaction is sent to the address you provided.

Liquid Bitcoin (L-BTC) and Bitcoin interchangeability

For every service which involves a Bitcoin payment, the user can substitute traditional Bitcoin payments for Liquid Bitcoin payments. This includes:
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Original medium post: https://medium.com/@francispouliot/liquid-cad-canadian-dollar-payments-on-the-liquid-sidechain-f7e3309f8a5f
Official landing page: lcad.bullbitcoin.com
Application page: bullbitcoin.com/l-cad
submitted by FrancisPouliot to BitcoinCA [link] [comments]

We Can't Negotiate With Regulators

It's becoming increasingly clear that US regulators are hostile to the space. One of the bigger issues is of course rehypothecation and watering down the supply, as I was listening to caitlin long and saifdean explain on a podcast just yesterday. However, what I also want to articulate and explain in this post is that the reason , the only reason the CME and Baakt are such a threat to bitcoin is because artificial supply *for institutions* not regular people reduces the demand for physical bitcoin by the rich who would be the bulk demand.

So really what is happening is that bitcoin isn't actually integrated into the real financial economy. And the US regulator know this and are hostile to it. They want geofencing RSK contracts and backdoor acts for Bank Secrecy Act, they want their own nodes on the network, and they want paper bitcoin. They want the bitcoin economy largely custodial and intermediated and backdoored and rehypothecated, so that no real aspect of global corporate and capitalist financial needs are driven *outside US and wallstreet control* *on physical bitcoin* *on a non swift network*.

They are going to keep attacking the network like this until we take crypto outside of that system entirely by creating the interchain. The backbone of the interchain is an unseizable liquidity network that cannot be shut down.

I just saw a tweet by a guy who worked for Duestch Bank who was a senior accountant who resigned due to fraud and corruption he reported at DB, and then the guy he reported it to, became a head enforcer at the SEC, and ruined his life, and he had to expatriate outside the US. We are dealing with financial terrorists. Jay Clayton is a financial terrorist, these instituions are captured. They will break this market and treat it like an interest rate scam that enables their private equity groups and commissions while suppressing the price down to extreme lows if they are allowed to dictate the integration into the global economy.

You guys have to wake up and realize that we have no choice, we MUST build an interchain DeFI global system outside the US financial system. A interchain is comprised of SPV's, full nodes, virtual machine decentralized servers, atomic swaps, lightning swaps, second layer privacy, anonymous nodes, anonymous VM nodes, fully interoperability for most major chains and er-20, agnostic. Not a project or a company, or a token, but the full backbone, an interchain internet 4.0 for finance.
And then of course you're going to have to fight them in the high courts. European and American youth are going to have to slowly take over the courts and legislation systems and impose democracy onto an out of control financial and military machine run by the old and the rich who have acted unconstitutionally for too long. We aren't headed towards democracy, the centralized amazon run internet and bank secrecy act and war on terror are being used to develop the most ponopitcon style form of fiat debt perpetual war slavery style system and austerity and invasion of financial freedom that anyone has experienced so far in the west. That's why the economies of the west are slowly crushing the middle and lower classes. These ultra rich international 1%ers are killing the western republics and slowly pushing total tyranny.
submitted by samdane7777 to Bitcoin [link] [comments]

The CBDC Road to Practice-The Framework of LDF 2020

The CBDC Road to Practice-The Framework of LDF 2020
The CBDC Road To Practice——The Framework of LDF 2020
March 8, 2020 By JH( Lend0X Project Architect)
The Market Structure Analysis of CBDC
I. CBDC helps GDP growth
CBDC can be used as cash for commercial banks or as a medium for (government) bonds. The way in which assets are issued will have a huge impact on GDP growth. For commercial banks, the CBDC issued by the central bank is the source of assets. For customers, the products under the CBDC are the use of funds. Blockchain-based CBDC and bank account-based digital cash and banknotes are generally considered to have a huge difference in the contribution of GDP to quality, cost, and efficiency.
https://preview.redd.it/fji1rqdxequ41.png?width=411&format=png&auto=webp&s=10647fa76b42056f80527cfd5342a2f8c1d1df1a
Qualitatively
The Bank of England states in the 2019 study that the macroeconomic effects of issuing central bank digital currency (CBDC), the following three advantages of digital currency can increase interest-bearing central bank liabilities, and distributed ledgers can compete with bank deposits as a medium of exchange.
In the digital currency economy model 1. The model in the report matches the adjusted US currency issuance before the crisis, and we find that if the issuance of CBDC accounts for 30% of GDP, compared with government bonds, it may permanently increase GDP by 3%.
  1. Reduce real interest rates, reverse taxes and currency transaction costs.
  2. As a second monetary policy tool, countercyclical CBDC price or quantity rules can greatly improve the ability of the central bank to stabilize the business cycle.
Cost
II. The issuing system and payment structure of CBDC
The BIS research report pointed out that CBDC has many open questions, such as whether they should be retail or wholesale? Directly or indirectly to consumers? Account-based or token-based? Based on distributed ledgers, a centralized model or a hybrid model? How does CBDC pay across borders?
https://preview.redd.it/6dczkw83fqu41.png?width=249&format=png&auto=webp&s=3c9f31f371ccbeab21d634b6a01ee0bd5a8b0f08
Of the three issuance systems (indirect, direct, and hybrid), CBDC can only be issued directly by the central bank. In The first type of indirect issuance structure,the CBDC is the indirect architecture ,and is done indirectly. ICBDC in the hands of consumers (such as the digital currency issued by the 4 largest state-owned commercial banks in DCEP) represents commercial banks (such as the 4 largest state-owned commercial banks) debt.
In the second type of direct and third type of mixed issuance structure, consumers are creditors of the central bank. In the direct CBDC model (type 2), the central bank processes all payments in real time and therefore maintains a record of all retail assets. The hybrid CBDC model is an intermediate solution where the consumer is a creditor of the central bank, but real-time payments are handled by the intermediary, and the central bank keeps copies of all retail
CBDCs in order to transfer them from one payment service provider to another in the event of a technical failure.
In terms of efficiency
Three payment architecture architectures allow account-based or token-based access. Although its DCEP digital currency is not a token in the blockchain, it is similar to the token in blockchain in key features such as non-double spending, anonymity, non-forgeability, security, transferability, separability, and programmability. Therefore, DCEP still belongs to the Token paradigm, not the account paradigm.
All four combinations are possible for any CBDC architecture (indirect, direct or hybrid) whatever the payment structure is based on the centralization or centralization mode, the account or token mode of blockchain smart contract account . But in different structures, central banks, commercial banks, and the private sector operate different parts of the infrastructure.
At present, the DCEP issuance structure adopts a two-tier structure, and its payment system——four major state-owned commercial
banks issuing four ICDBC tokens. Its technical architecture features are consistent with the first indirect distribution method. Because DCEP is positioned as digital cash (M0 cash) and the central bank's DCEP supports offline mobile payment, considering its huge payment transactions, a centralized account system for DCEP payment methods is essential. Offline Payment methods access to mobile wallets based on tokens are also essential for commercial banks.

https://preview.redd.it/0wvltv0ffqu41.png?width=411&format=png&auto=webp&s=4fd728ece4e869126b6ec8e90cd1962302a424bd
LDF Central Bank Digital Currency CBDC Project Development
At present, the technical framework of the CBDC and the selection of infrastructure are divided into the R & D and cooperation of domestic application planning DCEP application scenarios; its overseas expansion goal supports the development of the “Belt and Road” digital asset ecosystem. DCEP adopts a double-layer system of commercial banks and central banks to adapt to the existing currency
systems of sovereign countries in the world. China, as a currency issuing country, has strong economic strength and basic conditions necessary for world currencies. At the same time, DCEP can also save the issued funds, calculate the inflation rate and other macroeconomic indicators more accurately, better curb illegal activities such as money laundering and terrorist financing, and facilitate foreign exchange circulation worldwide.
1. LDF——the combination of CBDC program and token economy
Only after answering questions such as the openness of CBDC currency itself, can we solve how the application of multiple blockchain industries such as LDF digital asset issuance platform, digital asset support bond platform, and lending and other CBDC currency "product traceability", "digital identity authentication", "judicial depository", "secure communication"and other basic applications, these LDFs are an important direction for exploring blockchain applications.
2.Select the most widely used blockchain technology as the basic platform
LDF introduced CBDC to use blockchain technology because it is the most mature landing foundation platform. It has the advantages of decentralization, openness, autonomy, anonymity, and tamper resistance. It can make the entire system information highly transparent, its data stability and the reliability is extremely high, which solves the point-to-point trust problem and can reduce transaction and operating costs. At present, the underlying technologies of mainstream digital assets such as Bitcoin, Ethereum, and USDT are all blockchain technologies. At the same time, the application scenarios of the blockchain not only include digital currency, but also include many fields such as "product traceability", "digital identity authentication", "judicial depository", "secure communication" and so on.
3.Interpretation of DCEP and selection of LDF blockchain technology architecture
·DCEP does not use a real blockchain like Libra, but may use a centralized ledger based on the UTXO (Unspent Transaction Output) model, and it still belongs to the Token paradigm. This centralized ledger reflects the digital currency issuance and registration system maintained by the central bank. It does not need to run consensus algorithms and will not be subject to the performance bottleneck of the blockchain. The blockchain may be used for the definitive registration of digital currencies and occupy a subsidiary position.

https://preview.redd.it/655gvo1ofqu41.png?width=273&format=png&auto=webp&s=eaf1da72ef45db094067e5523b1a92cc9a0f71c1
·Users need to use DCEP wallet. The core of the wallet is a pair of public and private keys. The public key is also the address, where the digital certificate of RMB is stored. This digital certificate is not a token in the blockchain in the complete sense, but it is consistent with the Token in many key features, and it is based on 100% RMB reserve. Users can initiate transfer transactions between addresses through the wallet private key. The transfer transaction is recorded
directly in the centralized ledger by the central bank. In this way, DCEP implements account loose coupling and controlled anonymity.
·Although DCEP is a currency tool, the third-party payment is mainly a payment tool after "disconnecting directly", but there are many similarities between the two. If DCEP is good enough in terms of technical efficiency and business development, and from the perspective of users, third-party payments can bring the same experience after DCEP and "disconnect directly". Therefore, DCEP has a mutual substitution relationship with third-party payment in the application after “disconnecting directly”.
·DCEP will have a tightening effect on M2, and M2 tightening reflects the contraction of the banking system to a certain extent. Digital currency does not pay interest, and the People's Bank of China has no plan to completely replace cash with DCEP, so DCEP will not constitute a new monetary policy tool. DCEP has strong policy implications for central bank monitoring of capital flows, as well as anti-money laundering, anti-terrorist financing and anti-tax evasion. Therefore, the supervisory function of DCEP exceeds that of monetary policy.
·The impact of DCEP on RMB internationalization is mainly reflected in cross-border payments based on digital currencies. Although cross-border payments including DCEP, can promote RMB internationalization, cross-border payment is only a necessary condition for RMB internationalization, not a sufficient one. The internationalization of the RMB is inseparable from a series of institutional arrangements.
4.The effectiveness of digital currencies in the LDF framework
CBDC is positioned as digital cash or currency under the LDF framework, and the remaining various tokens, cryptocurrencies, and stablecoins are treated as digital assets. The application platforms involved in LDF (asset mortgage bond platform, digital asset issuance platform, and lending). The underlying assets of LDF are part of the digital asset equity. The reason why LDF uses CBDC and stable currency as currency is due to ·LDF framework links three financial ecosystems ·CBDC has the characteristics of currency transaction, accounting unit and value storage have been verified
·Stablecoins can be used as a payment tool for token economic platforms, not currencies
The stable currency selected by LDF should effectively play the payment function of the currency, and meet the requirements of the following LDF framework: ·Must be universally accepted ·Must be easy to standardize in order to determine its value
Due to the characteristics of DvP (payment is settlement) based on blockchain technology, LDF's smart contracts have the characteristics of decentralized intermediaries, such as the function of asset account contracts partially replacing account settlement; the asset pool contract replacing SPV, and the cash flow contract replacing assets Payment intermediary The digital currency selected as an LDF that meets the above standards is very important for the effectiveness of the LDF framework. Otherwise, the platform built by the LDF framework will not be able to achieve the capabilities of distributed ledgers and DAO organizations.
LDF regulatory compliance
LDF chooses CBDC (DCEP) as the construction of digital asset transaction payment platform, which has the characteristics of DvP (asset payment is settlement). It supervises compliance with the selection of digital currencies that support smart contract accounts and trading platforms (anti-money laundering and anti-terrorist financing) has a decisive role.
DCEP takes the form of loosely coupled accounts to achieve controlled anonymity. The current electronic payment methods, such as bank cards and third-party payment platforms, all use the method of tightly coupling accounts, that is, funds must be transferred through real-name bank accounts. But With the improvement of people's awareness of information security, electronic payment cannot meet people's demand for anonymous payment. The digital currency of the central bank adopts the form of loosely coupled accounts, enabling asset transfers without the need for bank accounts, so as to achieve controllable anonymity.
Unlike Bitcoin's complete anonymity, the central bank has the right to obtain the transaction data within the legal scope, and the source
of digital currency can be traced through big data analysis, while other commercial banks and merchants cannot obtain relevant information. This mechanism, while protecting data security and citizen privacy, also enables illegal activities such as money laundering to be effectively supervised.
Association of LDF's DAO Autonomous Economic Model with CBDC
The direct DCB (such as DCEP) or LIBRA of the LDF token can quantify the value of DAO / DAE through a certain transformation and analysis, and predict its future long-term growth rate and the problems to be solved by the economic model, the solution path adopted, and the overall structure design, technological innovation, team composition, development vision and roadmap.
https://preview.redd.it/txg4mq0sfqu41.png?width=269&format=png&auto=webp&s=a69b919cf43c9115f43525f8d851ee1e4fbf5a1f
·The LDF economic model transplants the estimation model of the asset value of the general economic system to DAO 2.0 organization and market management, so as to establish a unified evaluation system for the value generated by the distributed autonomous economy (DAE). The endogenous economic growth model considers important parameters such as savings rate, population growth rate, and technological progress as endogenous variables. The long-term growth rate of the economy can be determined by the interior of the model. Moreover, the LDF economic model takes the number of tokens, nodes, and technical inputs of the distributed organization as similar parameters. The CBDC (such as DCEP) or LIBRA directly targeted by the token can quantify the value of DAO / DAE through certain transformation and analysis and predict its long-term growth rate in the future.
·In response to the special needs of transactions and asset on-chain in the blockchain field, the LDF economic model has developed a DAE (Decentralized Autonomous Economic) protocol group specifically designed to eliminate various pain points of decentralization in the blockchain field, and has developed corresponding LDF DAO DAPP, these agreements include: ·Issuance and trading of tokens based on smart contracts ·Distributed order submission and matching ·Transaction interest rate and mortgage method based on automatic discovery mechanism
Therefore, whether it is a community member, an investor, or a blockchain project developer that develops applications on the LDF economic model, it can use the distributed rules, consensus mechanisms, infrastructure, and smart contracts provided by it to achieve the following purposes:
·Encrypted token asset transaction and circulation based on community autonomy ·Issue of new LDF tokens ·Construction, collaboration, management, voting, and decision- making of specific encryption token communities
·Develop a smart contract system for the dual factors of community node rights and workload ·Customized incentive standards for nodes with different interests
Welcome to discuss with the author of this article, please contact via email:[email protected]
submitted by Lend0x to u/Lend0x [link] [comments]

A Blockchain Strategy Director Is Hired By PayPal

A Blockchain Strategy Director Is Hired By PayPal
A Blockchain Strategy Director Is Hired By PayPal For Proper Execution.
PayPal; also known as Digital Payment Giant had recently posted a job reservation which was listed in jobs on March 23rd which required an Anti-Money-Laundering (AML) and Blockchain Strategy director for their Global Financial Crimes (GFC) division.
According to the company: “the new director —based in New York — will be in charge of evaluating blockchain's use cases for the prevention of financial crimes, such as money laundering and terrorist financing, to supervise the entire AML process.”
The listed job also required a profile which had better experience and more opportunities in Blockchain related department that will be preferred more for the company so that the risky departments of the company could be benefited more and could be settled down properly.
The portfolio which will be developed in the the Blockchain industry and fields will be preffered more while hiring the AML and Blockchain Strategy director for (GFC).

Crypto Sphere Was Reported As an Interest of PayPal

PayPal’s CEO Dan Schulman on November 20 revealed the truth of the same year that he is the owner of Bitcoin (BTC) and highlighted its “very volatile” nature:
“Until it becomes less volatile, it won’t be a currency that is widely accepted by merchants on the web — not the dark web, but the web.”
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submitted by ZiaAthena to u/ZiaAthena [link] [comments]

[Weekly Report] BSV News

Dear friends of LivesOne,
Since the Symbiosism Economy Foundation announced the cooperation with BSV, we have introduced BSV in detail, including its history, philosophy, advantages, and the reasons for our choice. LivesOne always pays close attention to the trend of BSV and informs you in time. As we enter the year 2020, good news is coming one after another.
Mining pool reduces BSV transaction fee and anchors legal tender
BSV transaction fees are already the cheapest in major blockchains, but this is not enough. On January 8, the famous Bitcoin mining giant TAAL announced that in order to support blockchain applications that require a large number of transactions, it will reduce the miner rate on the BSV chain and increase the limit value of unconfirmed inherited transactions. Subsequently, the CoinGeek mining pool also issued a statement saying that it would follow up with this adjustment. Any fee reduction will send a clear signal to the market that the cost of using BSV will decrease. It is expected that this change will incentivize more enterprise applications to generate a large number of BSV transactions. Taking this step will generate high transaction volumes and higher total transaction fees.
At present, Bitcoin transaction fees are not expressed in legal tender, but in "sat / byte". Therefore, transaction fees in legal tender price will fluctuate with the fluctuation of the price of bitcoin. This fluctuation will have a greater impact on applications that generate a large number of transactions on the blockchain. Commercial users of the BSV ecosystem have recently begun to explore an alternative transaction fee model that can be priced in legal tender, which provides higher reliability for BSV business applications. This new type of expense market emerged with the greater data and microtransaction capabilities of BSV. However, this is unlikely to happen on the bitcoin core network, because its block is too small, resulting in high transaction costs.
Large enterprises usually want to be able to predict their costs, so stable transaction fees are expected to attract more enterprises to use BSV for data applications. TAAL promises to regularly check the lower BSV transaction fees to maintain stable transaction fees in legal tender. As one of BSV's partners, it is undoubtedly brought real benefits to LivesOne.
Oppose Anonymity and Embrace Regulation
The European Union’s 5th Anti-Money Laundering Directive (5AMLD) came into effect on January 10. The regulation was entered as law on July 9, 2018 in an effort to bring increased transparency to financial transactions for pushing back against money laundering and terrorist financing across Europe. For the first time, 5AMLD is broadening its regulatory scope by including crypto service providers like virtual-fiat exchanges or custodian wallet providers. The idea is make it more plainly knowable who’s participating in crypto transactions. The rationale is that doing so pushes back against money laundering and terrorism financing.
According to an 5AMLD fact sheet, the law will:
European Union is paying close attention to cryptocurrency and has established its first set of rules for how companies in this space must behave. Now it’s on those companies to gain compliance or risk being able to operate at all.
This reminds me of Dr. Craig's emphasis on the existence of BSV: Bitcoin's system should be transparent. It should not be used to fight the government; it should not be used to fight anyone. It can be used for creation, it can be used for construction. I have to say that the vision of BSV is prescient and correct. BSV is an honest system with transparency as its key feature. BSV can be used to create a more secure and honest society.
BSV with unlimited expansion, anti-anonymity, and embrace supervision is the first choice for LivesOne team cooperation. The collaboration between LivesOne and BSV is ongoing, let us look forward to seeing more details.

Symbiosism Economy Foundation
Jan.15th, 2020
submitted by LivesoneToken to LivesOne [link] [comments]

Investing in crypto is more like shareholding than using money. But where do crypto profits come from? Who are the CEOs and majority shareholders?

1 The majority of well-known cryptocurrency founders have criminal records and extreme views, many others are anonymous. They have preyed on retail investors to enrich themselves and encourage retail investors to promote extremist political views.

2 The founder of bitcoin was anonymous. What if that means he was an employee of a rogue regime, or a programmer for a terrorist group, or had a long list of criminal records? He or they would be amassing a fortune based on the fact that they had a head start in acquiring a large amount of cryptocurrency before the public had a chance.

3 A large majority of the cryptocurrency supply is owned by a small number of wallets with no known ownership. They could be a rogue regime, a terrorist group, child traffickers, a cartel, or all the above. In fact, we have quite a lot of evidence that the ‘all the above’ option is correct.

4 Cryptocurrencies do not meet the definition of money, they function more like shareholding in a network that derives revenue and profit from speculation, money laundering, terrorist financing, drug sales, child sex trafficking, ransomware, bribery, and financial fraud on exchanges.

5 The market prices are clearly artificially boosted with unbacked Tether (a token that is alleged to be backed by US dollars but is unaudited), fake volume and encourages investors to gamble with credit. This means the game is rigged to create Minsky Moments at regular intervals, roughly every 12-15 months, which wipes out retail investors and concentrates more wealth into fewer hands.

6 A portion of every bitcoin transaction goes into the pockets of the Chinese regime who control most of the hash power in cryptocurrency mining. Retail investors outside China should not be paying a transaction tax to that regime. It is also highly likely that mining company Bitmain and cryptocurrency exchanges like Binance are fronts for fund raising for the Chinese regime, its authoritarian figures, and its electronic warfare departments.

7 Reporters such as the website Bellingcat have shown us wallets belonging to known terrorists, Neo-Nazis and Russian intelligence. Retail investors should not be making these parties wealthier. We should not be financing those who kill and oppress people.

8 All the cryptos put together added two whole countries worth of carbon footprint to the planet in the last decade and rising. We are hitting record temperatures and this level of global warming is a threat to us all. This must not be encouraged. Our legacy financial system is much more energy efficient and improving at a much faster rate. The decentralized nature of cryptocurrencies make them inherently inefficient, slower and power hungry.
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Daily analysis of cryptocurrencies 20191023(Market index 33 — Fear state)

Daily analysis of cryptocurrencies 20191023(Market index 33 — Fear state)

https://preview.redd.it/folaa2ztw9u31.jpg?width=1200&format=pjpg&auto=webp&s=a0aaa8476acb68252087ddf0558d293b5a9a9392

Germany Warns Of Privacy Token Usage In Money Laundering And Terrorism According to Cointelegraph, the German Federal Ministry of Finance has expressed concerns about rising use of privacy tokens due to their association with criminal activities and difficulties in tracking them. Published on Oct 19, the ministry’s “First Money Laundering and Terrorist Financing National Risk Assessment” for 2018–2019 provided analysis aimed at the identification of existing and future risks in the field of anti-money laundering (AML) and terrorism financing (TF) in Germany. Among other challenges, the report examines circulation of cryptocurrencies in the darknet for criminal purposes.
State Probe Of Facebook Expands To 47 Attorneys General According to Reuters news flash, the state probe of Facebook on allegations that the company put consumer data at risk and pushed up advertising rates has expanded to attorneys general from 47 states and territories, New York Attorney General Letitia James said on Tuesday, October 22 in a statement.
Bank Of Lithuania Becomes First Market Regulator To Issue Guidelines On STOs According to coinpage, Bank of Lithuania has become the first of market regulators to issue guidelines on STOs. The new guidelines are focussed on the classification of security tokens, assessing specific cases and providing recommendations related to the issue of the security tokens and also clarify on applicable legal regulation. Furthermore, enterprises planning to use the STO method will need to comply with EU and national legislation regulating capital-raising activities.
TBCASoft, IBM And SoftBank Announced A Mobile Payment Blockchain Blockchain platform TBCASoft, technology behemoth IBM and telecommunications conglomerate SoftBank announced on Oct 22 a collaboration to adopt a cross-carrier telecommunications blockchain payment solution.

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th. Cardano (ADA) and 1 other: 23 October 2019 WBS Dubai “One of a kind gathering of 500+ curated & pre-qualified investors, CEOs, CIOs, CTOs, Heads of Blockchain, Chief Digital Officers CloakCoin (CLOAK): 23 October 2019 (or earlier) CloakCoin Competition “CloakCoin competition : solve the CloakCoin ENIGMA transaction, 3rd round.” Loom Network (LOOM): 23 October 2019 Singapore Meetup “Unstack the Stack Series: Loom Network” from 6:30–8:30 PM (SST). BTGS/Bitdog: ZG.COM will open the BTGS currency and coin transfer business at 14:00 on October 23, and open the BTGS/USDT transaction pair on October 23 at 18:18. Waltonchain (WTC): 23 October 2019 Transfers Suspended “$WTC deposits and withdrawals on #TaibiExchange will be suspended from 00:00 Oct 22 (UTC+8) and are estimated to resume at 15:00 Oct 23

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24. Horizen (ZEN): 24 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. ANT/Aragon: Aragon (ANT) Aragon Network will hold the theme “DAO: ICO and DeFi next step” in Hong Kong on October 24th? DATA/Streamr DATAcoin: Streamr DATAcoin (DATA) Streamr Network Technology Exchange and Project Development Conference will be held in London on October 24th. Lisk (LSK): 24 October 2019 Coding Workshop — Berlin “During this workshop you will acquire the skills to create custom transactions with the Lisk Alpha SDK using Node.js.” BTU Protocol (BTU): 24 October 2019 Africa IT Expo “Our co-founder @vidal007 will be speaking at upcoming @africa_aitex [African IT Expo] held in #Rabat #Morocco on 24th of October.” Matrix AI Network (MAN): 24 October 2019 YouTube AMA YouTube AMA from 3PM, October 24 (GMT+8). Utrum (OOT): 24 October 2019 AtomicDex Listing “We are pleased to announce that Utrum coin OOT is getting listed on Komodo Platform Decentral Exchange — AtomicDEX. “

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25. Crypto.com Coin (CRO): 25 October 2019 Live AMA with CEO “Live AMA with our CEO @Kris_HK on @cryptocom’s Twitter next Friday, 25 October, 11AM HKT.” GST/GSTCOIN: GSTCOIN(GST)LBank will be online GST on October 25, 2019 at 16:00 (UTC+8), open trading pair: GST/USDT, GST/ETH.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th Horizen (ZEN): 26 October 2019 (or earlier) ZEN 2.0.19 Upgrade Zen 2.0.19 upgrade at block #610000, which is expected around October 26.

Encrypted project calendar(October 27, 2019)

ICON (ICX): 27 October 2019 Money 20/20 USA Event Money 20/20 USA in Las Vegas from October 27–30.

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th Stellar (XLM): 28 October 2019 Protocol 12 Upgrade Vote Horizon v0.22.0 has been released, which supports Protocol 12. This gives everyone ample time to prepare for the Protocol 12 upgrade vote Celsius (CEL) and 3 others: 28 October 2019 Litecoin Summit “…The Litecoin Summit offers two fun, jam-packed days with something for everyone.” XFOC (XFOC): The IDAX platform will be online XFOC and will open the XFOC/USDT trading pair at 13:00 on October 28. MEDIUM (MDM): The IDAX platform lists MDM and will open MDM/BTC trading pairs on October 28th at 15:00. ZB/ ZB Blockchain: The “2019 Hamburg Intercontinental Dialogue Conference” hosted by ZB.com will be held from October 28th to November 9th at the Four Seasons Hotel Hamburg, Germany. BQT (BQTX): 28 October 2019 Down for Maintenance BQTX.com will be down for maintenance on the 28th of October from 7 to 12am UTC.

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st. ICON (ICX): 29 October 2019 Decentralization “As a result, the decentralization schedule of the ICON Network has been changed from September 24, 2019 to October 29, 2019.” Ark (ARK): and 10 others 29 October 2019 WCC 2019 Second annual Blockchain and Cryptocurrency Technology event, World Crypto Conference (WCC), October 29th — October 31, 2019. Insifa (ISF): 29 October 2019 Prototype Alpha “We from Insifa have decided to be more open. Our Prototype will be developed in scrum. This means new releases every two weeks.”

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.” TRON (TRX): 30 October 2019 SFBW19 Afterparty “TRON Official SFBW19 Afterparty from 7–10:30 PM in San Francisco.” Horizen (ZEN): 30 October 2019 Horizen Quarterly Update Join our first Quarterly Update on October the 30th at 5 PM UTC/ 1 PM EST. Deeper look into Engineering, BD, Marketing, and more. Aeternity (AE): 30 October 2019 Hardfork “The third hardfork of the æternity Mainnet is scheduled for October 30, 2019.” Valor Token (VALOR): 30 October 2019 Transaction Fees Resume “It’s September and the SMART VALOR Platform is still waiving transaction fees for all members, until October 30th!” Aragon (ANT): 30 October 2019 Singapore Meetup “Aragon on DAOs and DeFi” from 6:30–8:30 PM. Kambria (KAT): 30 October 2019 Outliers Hashed Awards Outliers Hashed awards from October 30–31. Ethereum Classic (ETC): 30 October 2019 Cohort Demo Day “ETC Labs hosts it’s 2nd Cohort Demo Day. Learn about the companies and project being accelerated through the Ethereum Classic ecosystem.”

Encrypted project calendar(October 31, 2019)

Spendcoin (SPND): 31 October 2019 (or earlier) Cross Ledger Mainnet “Cross Ledger Mainnet Release and SPND Token Swap,” during October 2019. Spendcoin (SPND): 31 October 2019 (or earlier) Blkchn University Beta “Blockchain University Beta goes live,” during October 2019. Stellar (XLM): 31 October 2019 (or earlier) Minor Release “We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.” Bitcoin SV (BSV): 31 October 2019 (or earlier) BSV Conference Seoul No additional information. Seele (SEELE): 31 October 2019 (or earlier) Public Network Mainne launch has been moved to Oct 31 . Howdoo (UDOO): 31 October 2019 (or earlier) Howdoo Live on Huawei Howdoo begins its exciting partnership with Huawei with listing as a featured app starting in October. Chiliz (CHZ): 31 October 2019 (or earlier) App Soft Launch Soft launch of Socios App by end of October. Dent (DENT): 31 October 2019 (or earlier) Loyalty Program “Afterburner loyalty program launch for all 21,6 Million mobile #DENT users will be in October!” IceChain (ICHX): 31 October 2019 (or earlier) Wallet Release IceChain releases wallet during October. Chiliz (CHZ): 31 October 2019 (or earlier) New Partnerships New sports and new teams joining Socios (+more updates and events) will be announced in the upcoming weeks. Horizen (ZEN): 31 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. PCHAIN (PI): 31 October 2019 (or earlier) New Website No additional information. IOST (IOST): 31 October 2019 (or earlier) New Game on IOST “Eternal Fafnir, a new role-playing game developed by INFUN is coming to you in Oct.” Achain (ACT): 31 October 2019 Mainnet 2.0 Launch “… The main network is officially scheduled to launch on October 31.” Mithril (MITH):31 October 2019 Burn “MITH burn will take place on 2019/10/31 2pm UTC+8. “ Aergo (AERGO): 31 October 2019 (or earlier) Aergo Lite V1.0 Release AergoLite, which brings blockchain compatibility to billions of devices using SQLite, released during October 2019. TE-FOOD (TFD): 31 October 2019 (or earlier) Complementary Product “Development of a new, complementary product with a new partner, which we hope to be launched in September-October.” Edge (DADI): 31 October 2019 (or earlier) Full Open Source Code base for the network fully open-sourced in September or October. BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. Perlin (PERL): 31 October 2019 (or earlier) SSA Partnership “Perlin has partnered with the Singapore Shipping Association to create the International E-Registry of Ships (IERS)” Skrumble Network (SKM): 31 October 2019 (or earlier) Exchange Release “3rd dApp: Exchange Release,” during October 2019. EDC Blockchain (EDC): 31 October 2019 (or earlier) Blockchain Marketplace “As you already know, our ECRO blockchain marketplace is ready for release, and will open to the global community in October!” BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. XinFin Network (XDCE): 31 October 2019 Homebloc Webinar “XinFin — Homebloc Webinar 2019” from 9–10 PM. Akropolis (AKRO): 31 October 2019 (or earlier) Alpha Release “Delivers the initial mainnet implementation of protocol. All building blocks will be united to one product.” Hyperion (HYN): 31 October 2019 (or earlier) Economic Model The final version of the HYN Economic Model launches in October.

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019. VeChain (VET):”01 November 2019 BUIDLer Reunion Party BUIDLer Reunion Party in San Francisco from 8–11 PM. uPlexa (UPX): 01 November 2019 Steadfast Storm — PoS/PoW split (Utility nodes ie. master nodes) — Upcoming Anonymity Network much like TOR — Privacy-based DApps — Reduced network fees. Enjin Coin (ENJ): 01 November 2019 MFT Binding “ICYMI: On Enjin Coin’s 2nd anniversary (November 1), Enjin MFTs will be bound to hodlers’ blockchain addresses…” Auxilium (AUX):01 November 2019 AUX Interest Distribution Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity. Havy (HAVY):01 November 2019 Token Buyback “Havy tokens buyback, Only in 1 exchange between Idex, Mercatox & Hotbit. The exchange depends on the most lower sell wall.”

Encrypted project calendar(November 2, 2019)

Kambria (KAT): 02 November 2019 VietAI Summit 2019 Kambria joins forces with VietAI for the annual VietAI Summit, with top experts from Google Brain, NVIDIA, Kambria, VietAI, and more!

Encrypted project calendar(November 4, 2019)

Stellar (XLM): 04 November 2019 Stellar Meridian Conf. Stellar Meridian conference from Nov 4–5 in Mexico City. Cappasity (CAPP): 04 November 2019 Lisbon Web Summit Lisbon Web Summit in Lisbon, Portugal from November 4–7.

Encrypted project calendar(November 5, 2019)

Nexus (NXS): 05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.” NEM (XEM): 05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th. KIM/Kimcoin: Kimcoin (KIM) Bitfinex will be online at KIM on November 6, 2019 at 12:00 (UTC).

Encrypted project calendar(November 7, 2019)

XRP (XRP): 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore. BTC/Bitcoin: Malta The A.I. and Blockchain summit will be held in Malta from November 7th to 8th.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th. IOTX/IoTeX: IoTex (IOTX) will participate in the CES Expo on November 08

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

Encrypted project calendar(November 11, 2019)

PAX/Paxos Standard: Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference.

Encrypted project calendar(November 12, 2019)

BTC/Bitcoin: The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13th
https://preview.redd.it/uvnuirkww9u31.png?width=504&format=png&auto=webp&s=737fdd29c36f554223c9e7473cf843c60fe2bb6a

Recently, bitcoin made a few attempts to gain strength above the $8,300 resistance area against the US Dollar. BTC price even spiked above the $8,350 level, but it failed to continue higher.
As a result, a swing high was formed near $8,323 and the price started a fresh decline. During the decline, there was a break below a couple of important supports near $8,100 and $8,200. Moreover, there was a break below a short term ascending channel with support near $8,240 on the hourly chart of the BTC/USD pair.
Finally, bitcoin traded below the $8,100 support area and settled below the 100 hourly simple moving average. It is now trading below the $8,000 level and a low was formed near $7,932.
Review previous articles: https://medium.com/@to.liuwen

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Daily analysis of cryptocurrencies 20191121(Market index 30 — Fear state)

Daily analysis of cryptocurrencies 20191121(Market index 30 — Fear state)

https://preview.redd.it/i0yg19nxx1041.jpg?width=1200&format=pjpg&auto=webp&s=17d69ae1c6358b8c8054ace9f5f4b35a86a9e51f

National Assembly Of South Korea Approves A New Amendment, Looses Conditions For Virtual Currency Exchanges To RunThe government affairs committee of the National Assembly of South Korea has just approved the amendment of the Act on Reporting and Use of Specified Financial Transaction Information, which covers the content of loosing the permissive conditions that are needed for virtual currency exchanges to operate in the country. Furthermore, the amendment also gives the green light to commercial banks, allowing them to provide bank account services to virtual currency exchanges. Currently, the commercial banks only provide the above-mentioned services to four virtual currency exchanges, namely Bithumb, UPbit, Korbit, and CoinOne. That is to say, exchanges which meet the requirements of the Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) will be able to provide clients with the legal fiat-to-crypto transactions.The approval of amendment means that the virtual currency industry, which has been in the “gray zone,” will be covered by the regulations. The amendment defines the virtual currency as a virtual asset, and the virtual currency exchange is defined as a Virtual Asset Service Provider (VASP). In addition, representatives of operating companies must report to the FIU, while undeclared providers will be punished in accordance with the law.
FATF Releases ‘Guidance For A Risk-Based Approach To Virtual Assets And Virtual Asset Service Providers’The Financial Action Task Force (FATF) released the “Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers.” This guidance will help countries and virtual asset service providers understand their anti-money laundering and counter-terrorist financing obligations, and effectively implement the FATF’s requirements as they apply to this sector.
CannaCor Puts Forward Blockchain Solution For The Medicinal Cannabis IndustryWith the Medicinal Cannabis industry reaching unseen heights, many countries are moving towards a more flexible approach to the regulation of the industry. CannaCor is jumping ahead by offering a business structure capable of providing both, customers and regulators, of what they desperately need: a trustworthy company capable of providing real-time information in regards to the cultivation, processing, and shipping of their product.
German Government: Cryptos Are Not Allowed To Compete With Fiat CurrencyAccording to Xinhua News Agency, the German federal government issued a press release on Nov 20, stating that the government cabinet proposed at a digital conference held recently that it would not allow cryptocurrencies to compete with the national fiat currency.According to the press release, the emergence of Bitcoin triggered a wave of innovation in cryptocurrencies. The U.S.-based Facebook also announced the launch of the cryptocurrency Libra this year. After in-depth discussions within the cabinet, it is believed that cryptocurrencies such as Libra may undermine the status of banking and credit industries. Such currencies essentially provide banking services, but they are not banks, it said.
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In morning, we discussed the chances of a breakdown in bitcoin below the $8,000 support area against the US Dollar. BTC made an attempt correct above the $8,150 resistance, but it failed to gain traction and remained well below the 100 hourly simple moving average.
As a result, there was another bearish break below the $8,050 support. Moreover, morning’s bearish flag pattern was breached with support near $8,080 on the hourly chart of the BTC/USD pair.
Finally, the price declined below the $8,000 support and the last swing low. A new monthly low was formed near $7,828 and the price is currently correcting higher.
An immediate resistance for bitcoin is near the $7,920 level. It represents the 23.6% Fib retracement level of the recent decline from the $8,221 high to $7,828 low. The first key resistance on the upside is near the $8,000 level (the recent breakdown support).
Review previous articles: https://medium.com/@to.liuwen

Encrypted project calendar(November 21, 2019)

Cardano (ADA): and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…”Cappasity (CAPP): 21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.”Horizen (ZEN): 21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.OKB (OKB): 21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.”IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech.OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “NEM (XEM): 21 November 2019 SME Thought Leadership “SME Thought Leadership Series Forum #2” in Selangor, Malaysia from 8:30 AM — 2:30 PM.Stellar (XLM): 21 November 2019 NYC Meetup “Stellar Blockchain Meetup ft. FIC Network and Sam Conner’s Meridian Recap” in NYC from 6–8 PM.Waves (WAVES): 21 November 2019 Edinburgh Workshop “Next Thursday, we’re running a practical workshop on building DeFi products & designing Smart Contracts in your city!”

Encrypted project calendar(November 22, 2019)

IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key techOKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “Zenon (ZNN): 22 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.”

Encrypted project calendar(November 23, 2019)

Californium (CF) and 1 other: 23 November 2019 Greece Meetup “On November 23, the Greek #Cryptocurrency Community Meetup will take place in Greece!”

Encrypted project calendar(November 25, 2019)

0x (ZRX): 25 November 2019 0x V3 Proposal Live “The 0x v3 proposal was approved and will go live on Ethereum mainnet starting November 25th!”Dynamic Trading Rights (DTR): 25 November 2019 Chain Migration “On November 25 at 23:00 CET, TokensNet will make a migration of the $ELI token from Ethereum blockchain to Bitcoin Cash blockchain…”

Encrypted project calendar(November 27, 2019)

OKB (OKB): 27 November 2019 OKEx Cryptour Vinnytsia “Join us in Vinnytsia as we journey through Ukraine for our OKEx Cryptour!”Fetch.ai (FET): 27 November 2019 London Meetup “Join us on 27 November @primalbasehq to hear an exciting progress report as we prepare for the launch of our #mainnet”

Encrypted project calendar(November 28, 2019)

Horizen (ZEN): 28 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(November 29, 2019)

Zenon (ZNN): 29 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.”

Encrypted project calendar(November 30, 2019)

Ethos (ETHOS): 30 November 2019 (or earlier) Rebranding “In November, we unveil the broker token, a dynamic utility token to power our commission-free crypto trading and broker platform, Voyager.”Digitex Futures (DGTX): 30 November 2019 Public Testnet Launch “…We can expect to see the world’s first zero-commission futures trading platform live on the Ethereum public testnet from 30th November.”Monero (XMR): 30 November 2019 Protocol Upgrade “Preliminary information thread regarding the scheduled protocol upgrade of November 30.”Chiliz (CHZ): 30 November 2019 (or earlier) Fiat to CHZ Exchanges “We will add another two fiat to $CHZ exchanges in November…”Skrumble Network (SKM): 30 November 2019 (or earlier) P2P & Group Calling “P2P & Group Video Calling,” during November 2019.Aergo (AERGO): 30 November 2019 (or earlier) Mainnet 2.0 Upgrade Mainnet 2.0 Protocol update by end of November.Akropolis (AKRO): 30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.”Nash Exchange (NEX): 30 November 2019 (or earlier) Mobile Strategy Phase 2 “Phase 2 of our mobile strategy will be live soon with our wallet and portfolio app hitting stores in November!”Akropolis (AKRO): 30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.”Pakcoin (PAK): 30 November 2019 Staking Mobile App Android app for staklet is going to be launched on November 30th.

Encrypted project calendar(December 1, 2019)

Auxilium (AUX): 01 December 2019 AUX Interest Distribution Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity.I/O Coin (IOC): 01 December 2019 Pos Reward Halving IOC block reward halving is happening on December 1st 2019.

Encrypted project calendar(December 2, 2019)

Bitcoin (BTC): 02 December 2019 CME Futures BTCX19 Bitcoin Futures Contract (BTCX19) settles on December 02, 2019.Waves (WAVES): 02 December 2019 Waves Exchange Launch “As of November 18, users will be able to import their accounts and seed phrases, and, on December 2, the new exchange will be launched.”BZLCOIN (BZL): 02 December 2019 New Website New website and pre-launch “Patron”.Decentraland (MANA): 02 December 2019 Creator Contest “Announcing the Creator Contest, from Dec 2–15. Submit your most creative interactive scenes for a share of $50k USD worth of prizes up.”

Encrypted project calendar(December 3, 2019)

Aeternity (AE): 03 December 2019 Sofia, Bulgaria Meetup “Come hear @noyyy and @em introducing the project, followed by talks by Karol Skočik, Juraj Hlista, and Stephan Verbücheln.”

Encrypted project calendar(December 5, 2019)

***OKB (OKB):***05 December 2019 OKEx Cryptour Kyiv Ukr “Join us in Kyiv as we journey through Ukraine for our OKEx Cryptour!”

Encrypted project calendar(December 6, 2019)

TenX (PAY): 06 December 2019 COMIT Hackathon “The #hackathon will be held over the weekend of 6–8 Dec at the TenX HQ in Singapore.”

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Beldex Going For Shariah Compliance!

Beldex Going For Shariah Compliance!
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Islamic finance differs a whole lot from conventional finance. For its believers and followers, Islam lists a set of do’s and don’ts in the Quran, to guide them in living a life of sanctity. Cryptocurrency in Islam is a domain that is less understood and scarcely explored. But that will be a thing of the past soon as Beldex becomes the first Shariah-compliant crypto exchange.
Islam has a number of attributes that a currency must possess in order to be classified as an acceptable mode of payment. Beldex understands that there is still a lot of work to be done in this space. However, events like Islamic scholars of Masjid Ramadan in the UK allowing Muslims to pay Zakat in Bitcoin and Ethereum spills a ray of hope.
It is important to us that the usage of our services does not create a conflict of interest or hamper the moral, religious and legal principles of all individuals, since Beldex caters, equally and without bias, to a global audience.
Precisely, for this reason, Beldex is looking to get its hybrid cryptocurrency exchange compliant with the Shariah law. Moreover, in countries such as Indonesia, India, and Bangladesh that have huge Muslim populations, it becomes increasingly difficult to operate an exchange that the community considers “haraam”.
Beldex seeks to become an Islamic crypto exchange that abides by Islamic laws, conforming to the community’s beliefs and providing them with religious credibility in using the exchange. Beldex offers a ‘Halal Cryptocurrency Exchange’ that traders and investors of the Islamic community can benefit from.

Islamic Finance and Banking

What are the essential characteristics of an Islamic cryptocurrency exchange?
  1. One practice that Islam strictly prohibits and advises its followers to refrain from is gambling (‘Maysir’). So, an Islamic cryptocurrency exchange does not allow gambling, nor does it list projects that support gambling. But what can be considered gambling in crypto? A look at how the prices of cryptocurrencies fluctuate and how one cannot be certain whether the price of their asset will yield a profit or loss is akin to gambling. Some people believe it introduces ‘Gharar’ or uncertainty into play.
Datuk Dr. Mohd Daud Bakar, Chairman of the Shariah Advisory Council at the Central Bank of Malaysia addresses this issue with more than pristine clarity. He states that cryptocurrencies do not necessarily introduce ‘Gharar’ or uncertainty. They merely introduce ‘Khatar’ or risk associated with any transaction. He further explains that this risk is innate to every other investment such as gold and land, so cryptocurrencies cannot be considered ‘haraam’.
  1. Usury or the practice of lending money at unreasonably high interests (‘Riba’) is considered immoral and unacceptable in Islam. A halal crypto coin or a halal crypto exchange will not by itself, or permit its users to, levy unreasonably high payment of interests or the payment of any form of unearned income.
  2. It does not aid, list, or associate with any business or financial institution that involves the production or consumption of alcohol, tobacco, pork, and other forbidden goods. Nor will it invest in these goods. No amount of revenue generated will be a result of handling forbidden goods. A complete and thorough analysis of a project will be made before venturing to list the project.
  3. Pyramid schemes are a form of ‘Riba’. Financial pyramids that require investors to act as marketers of the product will not be allowed. All transactions are transparent and based on the intrinsic value of the Shariah coin. It also does not invest in or endorse the investment of funds in immoral activities such as funding of terrorism, pornography or laundering money.
Beldex is an exchange that has the qualities listed above.

Is Beldex Halal?

Beldex prohibits ‘Riba’. Beldex is in the process of consulting with learned scholars of Islamic law and has put plans in motion to find ways to implement the Shariah law to make crypto halal. Beldex aims to be an International exchange servicing a worldwide populace and an Islamic crypto exchange that adheres to the Shariah law. If implemented, Beldex will also be the first Islamic crypto exchange that is functional.
Beldex has a policy of strictly advocating and implementing Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) schemes into its exchange.
submitted by BELDEXCOIN to Beldex [link] [comments]

Daily analysis of cryptocurrencies 20190911(Market index 38 — Fear state)

Daily analysis of cryptocurrencies 20190911(Market index 38 — Fear state)

https://preview.redd.it/25xag2ahp5m31.png?width=1080&format=png&auto=webp&s=af83a570993c5886035df96652253610b0368fb6

The Japan Financial Services Agency held the second round of the Encrypted Assets Roundtable, calling Libra the “alarm clock” According to the official website of the Japan Financial Services Agency on September 9, the Japanese Financial Agency revealed today that the agency had held the second round table on encrypted assets in Tokyo on September 6. The meeting brought together relevant financial regulators and international organizations to discuss and exchange experiences on the latest developments in cryptographic assets, including stable currency. The conference consisted of four main topics, namely: 1. The latest technological developments and challenges of cryptographic assets; 2. Supervision of crypto-equity trading platforms; 3. Investor protection and market integrity; 4. Participation of multiple stakeholders global cooperation. It is reported that the meeting is an invitation system and is not open to the public. At the meeting, the Japanese Finance Agency’s international deputy, Iwami, made an opening speech, saying: “Libra is like a ‘sounding alarm clock’ to all of us. The alarm bell has been ringing, which requires regulators and central bank officials to expand. Eyes, face up to the problem to face sooner or later. Many other clocks may be waiting for the next time.”
US Deputy Treasury Secretary: Libra will accept US anti-money laundering review On the 11th, Sigal Mandelker, deputy secretary of the US Treasury for terrorism and financial intelligence, warned on Tuesday that Libra, the proposed cryptocurrency of Facebook (FB.O), must comply with US anti-money laundering standards in order to survive, even if its headquarters is in Switzerland. Mandelker said: “What we have pointed out to them many times is that they must deploy appropriate anti-money laundering and sanctions programs to combat terrorist financing. I think they are still at a very early stage of thinking about how to meet these requirements.”
Indian parliamentarian: cryptocurrency is more complicated than the Internet in the early stages of development Indian Congressman Rajeev Chandrasekhar said in an interview that cryptocurrency is much more complicated in the early stages of its development than the Internet. The growth and innovation momentum of encryption technology is almost like a perfect storm. Speaking of India’s position on managing encryption for the public, he cautioned that the Supreme Court has ruled that privacy is a fundamental right for all Indians. In addition, he added, there is currently no legislative and legal framework for innovation to allow people to collect data from consumers and to allow consumers to agree. He deliberately confused encryption and privacy because it currently does not have a policy framework.

Encrypted project calendar(September 12, 2019)

BNB/Binance Coin: Coin Security will stop providing services to US users on Binance.com on September 12th BCN/Bytecoin: Bytecoin (BCN) will release Copper v3.6.0 on September 12t HBT/Hubii Network: Hubii Network (HBT) hubii’s “Blockchain in Practice” campaign with Microsoft will be held on September 12th at the Microsoft office in Oslo. ETC/Ethereum Classic: ETC or will perform Atlantis hard fork on September 12th

Encrypted project calendar(September 13, 2019)

VET/Vechain: VeChain (VET) VeChain CEO Sunny Lu will deliver a speech at the Public Blockchain Symposium on September 13th. WABI/Tael: The Tael (WABI) project team will release the new Tael website on September 13.

Encrypted project calendar(September 14, 2019)

BTC/Bitcoin: The European Union will launch its name, Payment Services Directive 2 (PSD2), which will take effect on September 14. The new law includes banks implementing “strong customer certification”. In addition, according to previous news, PSD2 can obtain some of the functions of the banking industry, providing new payment solutions for encryption products. BNB/Binance Coin: Binance Coin (BNB) Coin’s overseas team will hold its first community gathering in Jakarta, Indonesia on September 14. OKB/OKB: OKB (OKB) OKEx Africa will hold a party in Accra, Ghana, on September 14th, and the first African blockchain project supported by OKEx will be released.

Encrypted project calendar(September 15, 2019)

TRX/TRON: Wave field TRON launches side chain plan Sun Network network three-phase release WAN/Wanchain: Wanchain (WAN) will hold a 3Q community conference call in mid-September AE/Aeternity: Aeternity (AE) æternity is expected to carry out the Lima hard fork upgrade on September 15th, and the third Ethernet AE token migration hard fork will take effect. NANO/Nano: Nano (NANO) NANO founder Colin LeMahieu will attend an informal community gathering in Austin, Texas on September 15th.

Encrypted project calendar(September 16, 2019)

LINK/ChainLink: Chainlink (LINK) Oracle will host the Oracle Code One conference from September 16th to September 19th, at which it will announce the launch of 50 startups with Chainlink. MANA/Decentraland: The Decentraland (MANA) community will host the SDK hackathon on September 16. WABI/Tael: Tael (WABI) “Tael Insider” campaign will be held on the new project website on September 16.

Encrypted project calendar(September 17, 2019)

ZEN/Horizen: The official team of Horizen (ZEN) will hold a community gathering in Strasbourg, France on September 17th.

Encrypted project calendar(September 18, 2019)

OKB/OKB: OKB (OKB) On September 18th, OKEx will hold an institutional meeting in London to share the regulatory environment issues facing encryption organizations.

Encrypted project calendar(September 19, 2019)

NRG/Energi: Energi (NRG) Energi will launch a trading competition on the KuCoin platform on September 9th. By September 19th, 800 NRG will be presented to the top 470 participants. ADA/Cardano: The Cardano (ADA) project official will host the Wyoming hackathon from September 19th to 22nd. KIN/Kin: The Kin (KIN) project team will host a community gathering in Toronto on September 19. BTC/Bitcoin: The 2019 Open Core Summit will be held in San Francisco from September 19th to 20th.

Encrypted project calendar(September 20, 2019)

NULS / NULS: The NULS 2.0 Beta hackathon will be held from September 20th to September 21st, 2019. AE/Aeternity: Aeternity (AE) will hold “Cosmos One” conference in Prague, Czech Republic on September 20th

Encrypted project calendar(September 21, 2019)

BTC/Bitcoin: The 6th FINWISE Global Summit Macau will be held from September 21st to 22nd. Distributed Financial Technology (DeFi) is the main topic of this conference. OKB/OKB: OKB (OKB) OKEx The Africa Cryptour series of talks in Kenya will take place on September 21 in Nairobi.

Encrypted project calendar(September 23, 2019)

BTC/Bitcoin: Bakkt, the digital asset platform led by ICE, the parent company of the New York Stock Exchange and the world’s second largest trading group, will launch a bitcoin physical delivery futures contract on September 23. EOS/EOS: EOS main network is expected to upgrade version 1.8 on September 23

Encrypted project calendar(September 24, 2019)

ENG/Enigma: Enigma (ENG) ENG main network token snapshot will end on September 24, the original start time is August 26.

Encrypted project calendar(September 26, 2019)

ADA/Cardano: The Cardano (ADA) Cardano community will host a party in Washington, DC on September 26.

Bitcoin price is slowly declining and recently broke the $10,000 support area against the US Dollar. The price is facing an uphill task and it might continue to struggle near $10,250 and $10,300. There is a major bearish trend line forming with resistance near $10,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could continue to slide as long as it is trading below the $10,400 pivot level in the near term. Bitcoin price is under pressure below $10,250 against the US Dollar. BTC may perhaps accelerate decline as long as there is no close above the $10,400 and $10,500 levels.
Review previous articles: https://medium.com/@to.liuwen

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submitted by liuidaxmn to u/liuidaxmn [link] [comments]

QuarkChain Is Prepared to Support Digital Yuan!

QuarkChain Is Prepared to Support Digital Yuan!

https://preview.redd.it/6frjbzy53ph31.png?width=900&format=png&auto=webp&s=dd650b5ce3fd27414f207b349bdd10c4d47c0b37
The author is a QuarkChain scientist, Professor of Xi’an Jiaotong University
The most recent big news is that China’s Libra, cryptocurrency digital Yuan is coming. On a forum held on August 10, the deputy director for payments at the People’s Bank of China (PBoC), Mu Changchun, mentioned that PBoC will issue its own cryptocurrency. After reading the related information, I was impressed by PBoC’s provision for the future (they actually started researching cryptocurrency since 2014). What astonished me more is that PBoC’s future demands to support cryptocurrency coincide exactly with a present public chain project, QuarkChain.
There have already been lots of articles discussing the significance of the Digital Yuan. In this article, we focus on the features of the required network technology that Mu mentioned, to find out what the digital network, which can both support the Digital Yuan and meet the requirements of over a population of 1 billion, looks like.

I: High concurrency

Mu said, “There is an issue. Since our cryptocurrency is M0 replacement, if we want to reach a retail level, first of all, high concurrency is a problem which can not be avoided. During the Double 11 shopping carnival last year, the trading summit of NetsUnion reached 92771 per second. In comparison, for Bitcoin, it’s 7 transactions per second, and for ETH, it’s 10 to 20 transactions per second. According to the white paper released by Libra, it’s 1000 transactions per second.
Because the Digital Yuan needs to reach a retail level, it asks the platform for a high trading processability, targeting a rate of 100,000 TPS(Transactions Per Second). High TPS is a significant characteristic of QuarkChain, which makes it exceed Ethereum. During a TPS competition held by QuarkChain last year, developers used the open-source programme of QuarkChain to achieve a rate of a 50,000 TPS. Besides, thanks to the horizontal scalability of QuarkChain’s state sharding solution, it is ready to realize a rate of 100,000 TPS by adding more shards.

II: A Two-layer Structure Brings High Adaptability

Mu mentioned in his talk, “China is a complicated economy entity with a vast territory and a large population. The economic development, the resource distribution, and the educational level of different regions, as well as the level of accepting the smart terminals, are quite different. Thus, it’s a complicated but systematic project for the economy entity to launch an official digital currency. Adopting a single-layer operating structure means that the PBoC has to face the public by itself. It will bring great challenges for PBoC during such a circumstance. Considering improving availability as well as enhancing the public’s willingness to use it, we think a two-layer operation structure should be adopted to overcome the difficulties.”
Users who are familiar with QuarkChain must be familiar with its two-layer structure. There is a root chain in QuarkChain which is responsible for providing the network security while each shard is focusing on processing every transaction. The shard chains can be heterogeneous and each shard chain can have different characteristics which can custom-make according to different scenarios.
In consideration of the fact that “China is a complicated economy entity with a vast territory and a large population. The economic development, the resource distribution, and the educational level of different regions, as well as the level of accepting the smart terminals, are quite different.” It is very complicated to satisfy each real business scenario and it is difficult to provide a one-size-fits-all solution by only one single consensus. Only enough flexibility and specific adjustment can provide the best solutions. QuarkChain’s two-layer structure heterogeneous shards for different purposes.
Besides, just as Director Mu mentioned, a two-layer structure is conducive not only to leveraging business institutions’ advantages of resources, talents, and technology, but also to promote innovation and competition selection. It also helps to dissolve risks and avoid over-centralization of risks. In addition, it prevents the asset price rises caused by financial disintermediation to increase the cost of financing and harm the entity economy. QuarkChain’s two-layer structure can perfectly support the Digital Yuan to realize the governance goal.

III: Anonymity

Mu mentioned, “Electronic payments such as bank cards and internet payment are payment coupling with the existing bank accounts. Public’s requirements of anonymous payment can not be satisfied completely. Thus, electronic payments can not replace M0 completely. The design of Digital Yuan not only remains the nature and main characteristics of the present currency but also meets the requirement of being portable and anonymous, which makes it a better tool to replace the present currency. “
“For Digital Yuan, the accounts are loosely coupled. That means to realize the value transfer from traditional bank accounts,the transaction processes less rely on the account information. In this way, Digital Yuan is easy to circulate like cash, which is good for RMB’s circulation and internationalization. It can also realize controllable anonymity at the same time. We need to ensure that both sides of the transaction are anonymous and guarantee the San Fan ( anti-money-laundering, anti-terrorist financing, and anti-tax evasion), we need to strike a balance between the two.
The goal of Digital Yuan is to replace M0. To achieve this goal, we need to accomplish the task which is impossible for the present online payment system. The fact that the bank cards and internet payments are tightly coupled with present bank accounts can not satisfy the public’s requirement of anonymous payment. Thanks to QuarkChain’s great flexibility of its understructure, each shard chain can be deployed with unique characteristics. Shards with a high level of anonymity have already been under development.

IIII: Support Smart Contracts

Mu expressed in the later half of his talk, “One thing I’d like to emphasize is the attitude towards smart contracts. Digital Yuan is able to load smart contracts.” “We will load smart contracts which benefit the currency function.” If you follow our latest technology development, you will get to know that QuarkChain is the very first to support deploying cross-shard smart contracts among all the sharding projects. It is a great technological challenge to deploy cross-shard smart contracts. QuarkChain has upgraded to the newest EVM, making QuarkChain compatible with the most mainstream smart contract.
Finally, let us summarize Director Mu’s expectations for future Digital Yuan, which also represents PBoC’s demands. The requirements are: high scalability, high TPS, smart contracts supportive, anonymous and easily regulated by PBoC. We are proudly to say that QuarkChain is a perfect fit.

Attached

The whole content of the speech delivered by Mu Changchun, deputy director for payments at the People’s Bank of China (PBoC), during the 3rd China Finance 40 Summit in Yichun.
http://bc.jrj.com.cn/2019/08/10213127957697.shtml
Website:https://www.quarkchain.io Telegram:https://t.me/quarkchainio Twitter:https://twitter.com/Quark_Chain Medium:https://medium.com/quarkchain-official Reddit:https://www.reddit.com/quarkchainio/ Facebook:https://www.facebook.com/quarkchainofficial/ Discord:https://discord.me/quarkchain
submitted by QuarkChain to quarkchainio [link] [comments]

Subreddit Stats: Monero top posts from 2019-01-07 to 2020-01-05 20:57 PDT

Period: 363.37 days
Submissions Comments
Total 1000 32255
Rate (per day) 2.75 88.32
Unique Redditors 413 4359
Combined Score 87276 146123

Top Submitters' Top Submissions

  1. 11193 points, 116 submissions: dEBRUYNE_1
    1. 'Monero in many respects is closer to what Bitcoin was intended to be than Bitcoin itself' - binaryFate (245 points, 61 comments)
    2. "It was a huge misstep that Satoshi’s original design has weak privacy. It set in stone an expectation that digital assets must have worse privacy than cash. Didn’t have to be this way." - Udi Wertheimer ‏ (215 points, 61 comments)
    3. 'Privacy should not be optional (and that’s why we made it a default).' - Firefox (214 points, 24 comments)
    4. Monero receives 'not a security' rating (best possible rating) by Crypto Rating Council (joint council created by Coinbase, Kraken, Circle/Poloniex, Bittrex, Paxos/itBit, Cumberland, Genesis and Grayscale) (214 points, 30 comments)
    5. GUI v0.14.1.0 'Boron Butterfly' (with Ledger Nano X and Trezor Model T support) released! (213 points, 243 comments)
    6. 'Apple CEO Tim Cook says privacy isn't a feature that should be built into products after the fact' (212 points, 39 comments)
    7. "you’ve been asking... we finally delivered! $XMR is live in [Exodus] Eden version 19.2.2" (202 points, 68 comments)
    8. The Bitcoin.com Exchange has listed Monero (190 points, 73 comments)
    9. Preliminary information thread regarding the scheduled protocol upgrade of November 30 (183 points, 141 comments)
    10. GUI v0.15.0.1 'Carbon Chamaeleon' released! (177 points, 278 comments)
  2. 3214 points, 41 submissions: SamsungGalaxyPlayer
    1. Some generous donor(s) topped off ALL of the proposals in funding required! (193 points, 38 comments)
    2. Tentative Monero 0.15 Release Schedule (162 points, 51 comments)
    3. Monero: Monero Adds Blockchain Pruning and Improves Transaction Efficiency (143 points, 23 comments)
    4. Logs from the 2.5 hr dev meeting on Monero's PoW (124 points, 124 comments)
    5. New logo for the Monero Community Workgroup YouTube channel, courtesy of u/anhdres! (119 points, 19 comments)
    6. Announcing the "Beware of Bitcoin" campaign for Mastering Monero (117 points, 98 comments)
    7. Preliminary support for Monero on BTCPayServer has been merged! (116 points, 19 comments)
    8. OpenBazaar dev call tomorrow discussing proof of concept for Monero integration (111 points, 21 comments)
    9. "Linking Anonymous Transactions via Remote Side-Channel Attacks" - Now-Fixed Network Analysis Attacks on Monero and Zcash (102 points, 50 comments)
    10. Monero added to Exodus mobile (100 points, 33 comments)
  3. 3157 points, 32 submissions: OsrsNeedsF2P
    1. Alright everybody pack it up. US Attorney General says encryption creates a security risk; if your wallet requires a password to unlock, you're doing acts that are used by terrorists, and it's time to stop. (317 points, 56 comments)
    2. What a shame Monero isn't included ¯_(ツ)_/¯ (254 points, 47 comments)
    3. Linus Tovalds believes processor vendors are approaching the end of Moore's Law, and optimization of code is going to be needed to increase performance (245 points, 61 comments)
    4. Fluffypony Appreciation Thread (199 points, 62 comments)
    5. IRS wants to subpoena Google, Apple & Microsoft to see if users have downloaded cryptocurrency related applications (190 points, 96 comments)
    6. Soon ™ (151 points, 55 comments)
    7. Privacy matters: Bitpay donations to Hong Kong Free Press not going through (141 points, 20 comments)
    8. IBM, MIT and Elliptic release world’s largest labeled dataset of bitcoin transactions to help identify "Bad Actors" (119 points, 22 comments)
    9. Celebrating 10 years of Tails (114 points, 5 comments)
    10. Former CTO of Purism, the developers of the Librem 5 Linux mobile phone, notes the PR momentum they got with GNOME, Matrix, and Monero (96 points, 12 comments)
  4. 2106 points, 29 submissions: ErCiccione
    1. Church Of Monero: Enough is enough - How the leader of the Church tried to fool the community to make look like the Church is organizing the Monero Konferenco and even adding his own Monero address on the flyer (166 points, 268 comments)
    2. [URGENT]Call for translators! - We have two days to submit as many translations as possible for the next release of the GUI wallet! We need your help! (123 points, 46 comments)
    3. Monero translators, we need you to make one final sprint! The code freeze is imminent. (112 points, 15 comments)
    4. 2 new projects joined the Monero Ecosystem! MoneroBox, a plug-and-play, zero-configuration Monero full node and Monero-Javascript, Monero wallet and daemon JavaScript API (107 points, 12 comments)
    5. PSA: We've posted an announcement regarding the potentially compromised CLI binaries on getmonero.org (101 points, 47 comments)
    6. New language for Monerujo: Esperanto! Will be available in next release (97 points, 6 comments)
    7. Monero Python - A comprehensive Python module for handling Monero cryptocurrency, has officially joined the Monero Ecosystem Project! (94 points, 12 comments)
    8. Getmonero.org is now available in German! (89 points, 16 comments)
    9. Getmonero.org updated: New user friendly download page, Welcome video in Brazilian Portuguese, 5 new merchants accepting Monero and more (76 points, 12 comments)
    10. My last proposal as coordinator of the Localization Workgroup has ended. A recap, some updates, plans for the future of the internationalization of Monero and a huge thanks (73 points, 22 comments)
  5. 1257 points, 14 submissions: xmrhaelan
    1. A response to the Reuters article about Monero (183 points, 28 comments)
    2. CoinDesk research shows Monero is #4 by Reddit post volume community metrics. Kudos to you all! (172 points, 57 comments)
    3. A response to Coinbase regarding their criticism of Monero’s approach to PoW security (171 points, 91 comments)
    4. Graphic idea for Boron Butterfly release, courtesy of Monero Outreach (170 points, 36 comments)
    5. PSA: Seeking Volunteer Reviewers for PoW RandomX (104 points, 55 comments)
    6. PSA: Mine Monero to Support the Network (77 points, 80 comments)
    7. Looking for ways to help, volunteer, or contribute to the Monero community? Look no further! (70 points, 20 comments)
    8. SWOT Analysis of Monero [draft] (59 points, 35 comments)
    9. Monero Konferenco Press Release (55 points, 9 comments)
    10. A Simplified Guide to Monero Wallets, from Monero Outreach (40 points, 9 comments)
  6. 1220 points, 9 submissions: geonic_
    1. Monero is second only to Bitcoin in terms of number of commits for the past 4 years! (269 points, 59 comments)
    2. Joe Weisenthal (Bloomberg): Until true anonymity (or near anonymity) is developed into Bitcoin, it's still incomplete, and not delivering on its promise. Without anonymity, there's no censorship resistance, and no store of value. (173 points, 38 comments)
    3. Nick Szabo puts Monero on an equal footing with Bitcoin: “deeply safe Bitcoin & Monero” (170 points, 41 comments)
    4. Chainalysis: Bitcoin is the most popular cryptocurrency accepted on dark markets, followed by Monero. Dark web spending to reach $1B this year. (150 points, 39 comments)
    5. BTC maximalist QOTD: “If you send me bitcoin, I would prefer if you used coinjoin first. I would prefer to not know the history of your sats. Don't put that liability on me. Thanks.” (142 points, 45 comments)
    6. Peter Todd wishes Bitcoin had perpetual inflation -- 2140 is much closer than you think (101 points, 89 comments)
    7. nopara73, creator of Wasabi Wallet: "Compared to privacy coins Wasabi is just a temporary hack. I think without Confidential Transactions, as the transaction fees grow, privacy will be priced out of Bitcoin's main chain." (95 points, 48 comments)
    8. Scott Stornetta, inventor of the first blockchain: “When I first read the Bitcoin white paper I thought [...] there’s no privacy at all here! What you’ve got is a completely traceable record of what’s going on.” @12:00 (68 points, 17 comments)
    9. Let's discuss: is Monero a privacy tool (i.e. Tor, CoinJoin, etc.) or a secure layer one protocol (https)? how aligned is it with Bitcoin ideologically (consider current vs original Bitcoin ideology)? is Monero's blockchain a temporary solution? (52 points, 27 comments)
  7. 1186 points, 12 submissions: hyc_symas
    1. RandomX Audit Status (148 points, 29 comments)
    2. RandomX Status Update (134 points, 82 comments)
    3. RandomX Audit Status - Final (130 points, 54 comments)
    4. RandomX Audit Status (116 points, 9 comments)
    5. RandomX Audit Status (110 points, 24 comments)
    6. RandomX testnet (99 points, 23 comments)
    7. Blockchain Growth stats (87 points, 26 comments)
    8. RandomX Auditor Selection (86 points, 47 comments)
    9. CCS: RandomX Audit now in Funding Required (78 points, 45 comments)
    10. RandomX Audit Funding Request (76 points, 14 comments)
  8. 1171 points, 13 submissions: Thunderosa
    1. Blend in the Crowd with Carbon Chamaeleon v0.15.0.0 (161 points, 25 comments)
    2. @monero Twitter banner (141 points, 25 comments)
    3. A little Christmas card for my favorite freaks. Happy Holidays! (136 points, 4 comments)
    4. Boron Butterfly ASCII (117 points, 23 comments)
    5. Monero Torch (111 points, 73 comments)
    6. Konferenco funding! (105 points, 19 comments)
    7. supportxmr-gui Update - Twice the features, half the size. All vanilla. (98 points, 15 comments)
    8. Happy 5th (70 points, 16 comments)
    9. Explore the expert speakers and important topics of Monero Konferenco 2019! (57 points, 11 comments)
    10. RandomX - Monero and Arweave to Validate New Proof-of-Work Algorithm (52 points, 12 comments)
  9. 1129 points, 14 submissions: pinkphloid
    1. [NEWS] CAKE WALLET for Monero has crossed 20,000 unique installs on iOS. (123 points, 69 comments)
    2. [PUBLIC BETA] Cake Wallet for Monero is now available on Android! (104 points, 48 comments)
    3. Going to the Monero Konferenco? Don’t miss MoneroTalk’s party Saturday night Casa De Monero! It’s THE party of the weekend! (99 points, 13 comments)
    4. [UPDATE] Cake Wallet version 3.1.7, now with Address book, Back-up to iCloud and other locations, and BCH is back in the exchange! (92 points, 70 comments)
    5. [UPDATE] Cake Wallet version 3.1.17 with Hidden balance mode plus other new useful features! (90 points, 16 comments)
    6. Cake Wallet is hiring! (88 points, 14 comments)
    7. If you like using Cake Wallet, please vote! Thank you 🙏🏼🙏🏼 (87 points, 20 comments)
    8. NYC Monero meetup featuring guest speaker Justin Ehrenhofer of XMR Community Work Group. - by Cake Wallet and Monero Talk (82 points, 10 comments)
    9. [UPDATE] Cake Wallet - Version 3.1.20 Black Forest Cake Edition (73 points, 23 comments)
    10. Cake Wallet (small news) - we have acquired the domain cakewallet.com! (67 points, 16 comments)
  10. 1054 points, 13 submissions: jman76358
    1. Monero receives A rating (194 points, 43 comments)
    2. Exodus Wallet now supports Monero (128 points, 38 comments)
    3. I tell a lot of people about Monero who don't know anything about crypto and they instantly get it. They ask me the same thing over and over, so why do people still use Bitcoin? (127 points, 119 comments)
    4. How trustyworthy is the Cake wallet for iOS? (80 points, 43 comments)
    5. Why don't other coin devs like talking about fungibility? They seem to shrug it off even though it's a necessary component to being a currency. (77 points, 85 comments)
    6. Any idea what's going on with the Official Monero Twitter page? (67 points, 33 comments)
    7. Should Quantum Resistance research for XMR be started soon? I would love to see what the great minds of the dev community could come up with ! (64 points, 55 comments)
    8. The End of Mainstream Privacy is Upon Us (62 points, 28 comments)
    9. Non-KYC exchanges coming to an end, even for small amounts. DEX with Monero as main coin when? (57 points, 18 comments)
    10. I find it funny that people think the gov doesn’t want people to use bitcoin, trust me , they’re estatic that people want to voluntarily be tracked and surveilled. (55 points, 45 comments)

Top Commenters

  1. dEBRUYNE_1 (9070 points, 1572 comments)
  2. OsrsNeedsF2P (5373 points, 757 comments)
  3. hyc_symas (2954 points, 332 comments)
  4. gingeropolous (2345 points, 313 comments)
  5. SamsungGalaxyPlayer (1897 points, 271 comments)
  6. rbrunner7 (1844 points, 299 comments)
  7. spirtdica (1835 points, 544 comments)
  8. pebx (1596 points, 318 comments)
  9. SarangNoether (1244 points, 115 comments)
  10. Same_As_It_Ever_Was (1234 points, 248 comments)

Top Submissions

  1. VLC accepts XMR for donations. Owner has turned down millions to keep it open source and ad-free. by tempMonero123 (468 points, 34 comments)
  2. Monero’s New Mascot by deepdarksea (433 points, 33 comments)
  3. Monero fashion spotted in the wild by Peterb88 (406 points, 34 comments)
  4. Found this in Basel, Switzerland. Then bought 0.968745 with no ID. by _0_1 (395 points, 120 comments)
  5. Bye-bye ASIC's! :-) by TheFuzzStone (357 points, 167 comments)
  6. Art by me by nikitko13 (328 points, 58 comments)
  7. Analysis: More than 85% of the current Monero Hashrate is ASICs and each machine is doing 128 kh/s by MoneroCrusher (324 points, 427 comments)
  8. Hi guys, long time no see 😁 this is what I do when not painting. Tools are printed on 3D printer. by cryptopaintings (322 points, 47 comments)
  9. Alright everybody pack it up. US Attorney General says encryption creates a security risk; if your wallet requires a password to unlock, you're doing acts that are used by terrorists, and it's time to stop. by OsrsNeedsF2P (317 points, 56 comments)
  10. India's ban could be Monero's boon by whotookmycrypto (313 points, 60 comments)

Top Comments

  1. 175 points: MoneroTipsBot's comment in Soon ™
  2. 139 points: MoneroCrusher's comment in Analysis: More than 85% of the current Monero Hashrate is ASICs and each machine is doing 128 kh/s
  3. 132 points: jonaemahina's comment in Kidnappers demand Monero ransom for wife of one of the Richest men in Norway.
  4. 116 points: leonardochaia's comment in Monero's Fluffypony reveals why he stepped down
  5. 111 points: katiecharm's comment in Tax Ramifications of Buying Coffee with Cryptocurrency
  6. 102 points: AlexAnarcho's comment in Kidnappers demand Monero ransom for wife of one of the Richest men in Norway.
  7. 100 points: fluffyponyza's comment in Fluffypony Appreciation Thread
  8. 96 points: Same_As_It_Ever_Was's comment in [Moderation Announcement] Religion related posts are now considered off-topic and will be removed
  9. 94 points: Flenst's comment in Security Warning: CLI binaries available on getmonero.org may have been compromised at some point during the last 24h.
  10. 93 points: moneroh's comment in Name Monero 0.14!
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Bloomberg is BULLISH on BITCOIN Says $12K Soon & Binance Acquires Crypto Debit Card Swipe Coronavirus Will Send Bitcoin Price to $100,000 in 2020 — Max Keiser Yaya Fanusie: Bitcoin and Terrorism – How Compliance Will Shape Cryptocurrencies (#324) Bitcoin benefits if Mexican cartels are terrorists, North Korea Ethereum situation, Claim MWC early! Crypto and Blockchain News From German-Speaking World Oct. 20-26

Largest ever seizure of terrorist organizations' cryptocurrency accounts. Date: August 13, 2020 Contact: [email protected] WASHINGTON — IRS Criminal Investigation, the Justice Department and law enforcement partners announced today the dismantling of three terrorist financing cyber-enabled campaigns, involving the al-Qassam Brigades, Hamas's military wing, al-Qaeda, and Islamic State of ... Bitcoin and other cryptocurrencies have often been cited as being a major conduit for money laundering and terrorist financing offences, not least because of the pseudonymity it affords its users. As a result, national regulators have taken notice of these underlying risks, subsequently laying pressure on third party exchange platforms that deal with fiat money to ensure they identify their ... #Terrorist Financing News . U.S. Secret Service to Get $2.4 Billion Funding for Crypto Policing February 11, 2020 by Osato Avan-Nomayo at Regulation. The U.S. Secret Service could receive up to $2.4 billion in funding to monitor crypto crimes as part of the White House budget proposal for 2021. Secret Service Monitoring Crypto Money Laundering According to the budget proposal document, the ... However, the reality of using bitcoin for money laundering or terrorist financing was different. In spite of the common misconceptions, bitcoin is not completely anonymous. Due to the nature of the blockchain , a public ledger of all bitcoin transactions, researchers and law enforcement can often discern users’ information using various blockchain analysis tools or, for law enforcement ... Terrorist Group Turns To Bitcoin For Funding The Western Government has recently deemed Hamas, the militant Palestinian group as a terrorist organization. While the group has now technically been ousted from tapping any resources in the traditional financial system, its military wing is developing a campaign to raise funds using Bitcoin.

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Bloomberg is BULLISH on BITCOIN Says $12K Soon & Binance Acquires Crypto Debit Card Swipe

Coronavirus Will Send Bitcoin Price to $100,000 in 2020 — Max Keiser: https: ... Max Keiser on fraud and financial terrorism - Duration: 30:20. reinvent.money 31,701 views. 30:20 . Max Keiser ... Bloomberg released a July 2020 Crypto outlook report named "A Resting Bitcoin Bull" outlining that they are bullish on Bitcoin and expect a $12,000 price target in the short term. Baltimore, MD- Welcome to the 1 Bitcoin Show! USA legal designations are in thew crypto news. US citizens are not allowed (by US law) to help North Korea get around sanctions and a prominent ... - Yaya’s background in the CIA and how he became interested in bitcoin - Bitcoin from a national security perspective - How terrorist organizations leverage cryptocurrencies for funding Today we review a recent article from CoinTelegraph which suggests that the Bitcoin Police aka The Financial Action Task Force (FATF) will be teaming up with...

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