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White Paper, Miner, Pizza … | "Old Objects" in the Cryptocurrency Museum
https://preview.redd.it/giu1ssilga151.jpg?width=900&format=pjpg&auto=webp&s=41510785ccdc0d99544ec74229f62427d1c0ce3e Museum has played the role of a time recorder. Talking about bitcoin, more than ten years has passed since the creation of it. Although it is uncomparable to the stock market with a hundred years of history, during the ten years, in the different stages of the development of bitcoin and blockchain have continuously poured in geeks, miners, speculators, newbies, leaving keywords such as sudden rich, myth, scam, belief, revolution, etc. There are also many “old objects” with stories in the “Museum” of the cryptocurrency realm. On Museum Day, let ’s review the stories brought by these “old objects”. The First Digital Currency White Paper — Bitcoin White Paper On Oct. 31, 2008, Satoshi Nakamoto released the Bitcoin white paper — A Peer-to-Peer Electronic Cash System in the cryptographic mail group where he belongs, and Bitcoin was born since then. A white paper is a document that explains the purpose and technology used in cryptocurrency. Usually a cryptocurrency uses the white paper to help people understand what it provides, and it is also an important information channel for investors to understand a project. Therefore, the level of the white paper affects people’s confidence towards the coin. In a word, in the cryptocurrency and blockchain industry, the value of a white paper is equivalent to that of a standard financing speech. The white paper plays a vital role in this emerging market. The First Public Bitcoin-Physical Transaction — Pizza Since Satoshi Nakamoto mined the Bitcoin genesis block on January 3, 2009, Bitcoin has only been spread among the small crowd and has not realized its value. Not until May 22, 2010, Bitcoin enthusiast “Laszlo Hanyecz” bought a pizza coupon worth $25 with 10,000 bitcoins. This is the first public bitcoin-physical transaction. Bitcoin has its price with 0.3 cents per bitcoin. This day has also become the famous “Bitcoin Pizza Day” in Bitcoin history. Bitcoin as the imagination of the financial system has more practical significance. The tenth anniversary is coming. How will you commemorate it? Will you buy a pizza? The First Digital Asset Exchange — Bitcoinmarket.com After the birth of Bitcoin, in addition to mining, the only way to get Bitcoin in the early days was to conduct transactions on forums or IRC (commonly known as Internet Relay Chat). However, this method involves both long transaction time and great security risk. In March 2010, the first digital asset exchange — Bitcoinmarket.com launched. However, due to lack of liquidity and transaction depth, it disappeared soon after its establishment, but Bitcoinmarket.com opened the era of the operation of the cryptocurrency realm exchange 1.0. On June 9, 2011, China’s first Bitcoin exchange — Bitcoin China (BTCChina) launched. Its founder, Yang Linke, translated Bitcoin into Chinese “比特币” for the first time. In 2013, China’s bitcoin trading entered the golden age, and exchanges sprung up. China monopolized more than 90% of the world’s bitcoin transactions. Now, if the top three exchanges Binance, Huobi Global, OKEx are the Exchange 2.0, then the index exchange represented by 58COIN called the 3.0 version, leading the trend. The First Generation of High-Performance Miner — ASIC Miner When Satoshi Nakamoto created Bitcoin, the only way to get it is to use computers (including home computers) to mine, mainly relying on the CPU to calculate. However, as the value of digital currencies such as Bitcoin has become higher and higher, mining has become an industry with the competition is getting fiercer, accompanied by increasing difficulty of mining. Therefore, hardware performance competition starts. In July 2012, the genius Jiang Xinyu (Internet nickname is “Friedcat”) from the junior class of the University of Science and Technology declared at the forum that he could make ASIC miners (chips). As far as mining computing power is concerned, ASICs can be tens of thousands or more higher than the same-generation CPUs and GPUs. At the beginning of 2013, Zhang Nanqian (Pumpkin Zhang), a suspended doctoral student from the Beijing University of Aeronautics and Astronautics, developed the ASIC miner and named it “Avalon”. In June 2013, the Friedcat’s miner USB was finally released, and it maintained 20% of the computing power of the entire network. At the end of 2013, Wu Jihan, used the tens of millions yuan earned from Friedcat through investment, worked together with Jenke group, to develop the Antminer S1. Since then, the miner manufacturer Bitmain began to enter the stage of history. It is no exaggeration to say that Friedcat and Zhang Nangeng have opened the domestic “mining” era. The Birthplace of China’s Bitcoin — Garage Coffee It is not only the “old objects” that record history, but also a place that everyone in the cryptocurrency realm aspires to. Guo Hongcai once said, “Without no The Garage Café, there will be no cryptocurrency realm today. Since it is a very mysterious place that all waves of people from the café joint together to create today’s digital asset industry. ▲ In March 2013, American student Jake Smith successfully purchased a cup of coffee at The Garage Café with 0.131 bitcoins. This move attracted the attention of CCTV, and it conducted an interview. Indeed, The Garage Café is the world ’s first entrepreneurial-themed coffee shop. It has been legendary since its establishment in 2011. The Garage Cafét is not only the core coordinate on China’s Bitcoin map, but also the birthplace of the Chinese cryptocurrency circle, where digital asset realm tycoons including Guo Hongcai, Zhao Dong, Li Xiaolai, Li Lin have made their ways. The development of digital currency is only 11 years old. Through these “old objects”, we review the various stories of this wave of technology together, hoping to help you understand the development process of the digital currency field. Meanwhile, I also remind all practitioners to use history as a mirror and forge ahead. Website: https://www.58ex.com/ Twitter: https://twitter.com/58_coin Facebook: https://www.facebook.com/coin.58COIN Telegram: https://t.me/official58 Medium: https://medium.com/@58coin_blog/
Blockchain project Elrond’s gaming app is set to get launched via Samsung Galaxy Store
The app, dubbed “Battle of Elrond,” is expected to go live in Q1 of this year
Beniamin Mincu, founder and CEO of Elrond, told The Block that players of the game can earn ERD tokens
Samsung Electronics' blockchain smartphones, such as Galaxy S10, are set to feature Elrond project’s gaming app - “Battle of Elrond.” Revealing the news exclusively to The Block on Thursday, Europe-based Elrond said that the gaming app is scheduled to get launched in Q1 of this year. “Battle of Elrond is a mobile multiplayer game. Players earn ERD [Elrond’s native token] for defeating their enemies,” Beniamin Mincu, founder and CEO of Elrond, told The Block. One ERD token is currently worth $0.0016. Mincu added that the game will be “exclusively” available via the Samsung Galaxy Store, meaning smartphones with native blockchain capabilities (Galaxy S10 and above) will support the app. Mincu stressed that Battle of Elrond is not a decentralized app (dApp), but is a mobile app with a blockchain component. Elrond and Samsung initially teamed up in November, when the smartphone maker integrated ERD token on its blockchain wallet. The wallet also supports bitcoin (BTC), ether (ETH) and Aergo token, among others. Elrond said blockchain technology helps reduce costs and provide security as well as privacy to users. It explained that native app stores collect fees of up to 30%, while blockchain “allows frictionless direct interaction at low fees.” “Allowing consumers to enjoy cost reduction and privacy without the intricate blockchain-specific hassle will likely catapult adoption,” it added. Scalable blockchain? Elrond has been claiming to focus on performance and usability for its blockchain network. The firm said its blockchain “brings 1,000x improvements over existing blockchains” with “adaptive state” sharding architecture and “secure” proof-of-stake mechanism. Elrond’s mainnet, however, is yet to get fully launched. According to the roadmap posted on its website, the mainnet bootstrapping will happen over three phases through 2020. “The Battle of Elrond blockchain mechanics will be ported to our mainnet as a top priority after we launch. Until then, the ERC20 ERD token will be used as interim,” Mincu told The Block. Elrond is backed by notable investors, including Binance Labs, Electric Capital and NGC Ventures. The firm has raised a total of $5.15 million to date - $1.9 million in private placements and $3.25 million in public funding round via Binance Launchpad, said Mincu. There are currently 30 members working for Elrond, and the firm is “always looking to add more talent” to its roster. Looking ahead, Elrond is focused on two areas. “One, we plan to expand our partnerships by making the Elrond Blockchain available to some of the most important enterprises in Europe” in 2020, said Mincu, adding that the firm also plans to “finally make public a product that we’ve been developing for some time, which makes blockchain tech attractive for the average internet user.” Blockchain gaming Gaming as a blockchain use case is indeed catching up. Last month, Nasdaq-listed hardware manufacturer AMD ventured into blockchain gaming. Several startups, including BetProtocol, Mythical Games and Immutable, have raised millions of dollars in recent months for their gaming ventures. Earlier this year, Immutable sold a collectible card from its "Gods Unchained" game for about $62,000, claiming to be the second most-valuable game card in the world, followed by the MTG's "Black Lotus" card for $87,000. Mincu told The Block that Battle of Elrond does not have non-fungible tokens and that only ERD token is used. "The type of game is different, as Gods Unchained is a 1v1 [one versus one] trading card game, whereas Battle of Elrond is a fast-paced Diablo-like PvP [Player(s) versus player(s)] arena."
12-04 11:13 - 'Have a Look at the Most Valuable Companies in Crypto Space' (self.Bitcoin) by /u/MonteCarloDEX removed from /r/Bitcoin within 465-475min
''' Many things have been said about the champions who have been at the forefront of making things happen in the crypto space but not much has been known about them. The list below and the descriptions indicate the biggest companies in the industry not only by valuation and capitalization but also by goodwill and corporate presence both online and offline as well. They shall be listed in no particular order of preference.
Ripple (Valuation of about $5 Billion)
Many people have heard one way or the other about [Ripple Labs Inc]1. It is widely associated with the now popular [XRP]2token as it uses this coin in its solutions. Ripple Labs owns and runs RipppleNet. Driven by what is referred to as the Ripple Protocol Consensus Algorithm (RPCA), RippleNet is used for all kinds of transactions between financial institutions but with the introduction of new tools different kinds of platforms will be able to run off it making Ripple be not only the darling of the financial services sector but also to be one of the cryptocurrency companies to watch out for come next year. Ripple has been [tipped]3to be worth about $5 billion.
Circle (about $3 Billion)
While [Circle]4is quite popular these days with its hands in many pies in the crypto space, this cryptocurrency unicorn started out as a service where you could buy [Bitcoin]5with credit card and has grown to be one of the most dynamic organizations out there also with its own stablecoin USDcoin which is tied to the United States Dollar. Sources indicate that Circle achieved its $3 billion valuation after a funding round of about $100 million last year.
Bitmain (about $12 Billion)
Now everyone knows that [Bitmain]6is by far the largest cryptocurrency corporate organization by sheer size and valuation. Owning the world’s largest cryptocurrency mining facilities and being a major hardware manufacturer of cryptocurrency mining equipment, Bitmain has overtaken just about everyone else to be at the top when it comes to valuations. This does not mean however that it hasn’t had its share of corporate issues. Sources [estimated]7last year that the total valuation of Bitmain stood at $12 billion.
Binance (about $2 Billion)
[Binance]8is quite popular in the crypto space as it is one of the most popular cryptocurrency exchanges at the moment. Its premier position in terms of trading volume (as the second largest) has only made it more obvious that it holds the top spot in the hearts and minds of many within the industry.Apart from trading cryptocurrencies, Binance is also known for other products such as [Binance Coin]9and its decentralized trading blockchain Binance Chain. CEO Changpeng “CZ” Zhao has [indicated]10that Binance is worth at least $ 2 billion or more.
Canaan Creative (about $2 Billion)
While maybe not many new people know about this particular cryptocurrency mining company, Canaan Creative is also one of the leaders when it comes to cryptocurrency mining. Even though the company itself hasn’t been dong well as of late, it is still punching above its weight when it comes to having superstar status. Reports have it that the recent [IPO]11places it at a little over $ 2 billion.
Coinbase (about $8 Billion)
We all know [Coinbase]12and its cryptocurrency exchange platform were one way or the other going to be on the list. With other products such as the recently introduced Coinbase Prime, Coinbase Custody and even Coinbase Commerce, Coinbase is indeed on a curve to grow exponentially. So much so that the cryptocurrency exchange put its [valuation]13at $8 billion last year after finishing its series E round of financing.
BitMEX (around $3 Billion)
With an innovative cryptocurrency trading platform that offers more than the usual trading of cryptocurrencies ( futures and perpetual contracts as well), [BitMEX]14enables traders to use the necessary leverage to enhance the potential for profit as well. Reports [indicate]15that BitMEX is worth $3.6 billion from last year although other reports contradict this and put the valuation at around $1 billion.
Robinhood (about $7 Billion)
[Robinhood]16has created a more centrist appeal than many other cryptocurrency trading platforms. This has led to its massive success as its main focus are the millennials. Robinhood took off in the beginning as a fee-free stock trading platform. Its valuation at around $7 billion was [reported]17earlier this year and this, of course, makes it be a force to be reckoned within the industry.
Block.One (around $3 Billion)
[Block.One]18has been one of those organizations that have scaled through all the odds when it comes to corporate-startup challenges. Being a contender for the throne of king of Decentralized Applications, Block.One it has been [reported]19has a valuation of about $3 billion with a significant majority of its holdings in fiat assets surprisingly for a company that rules its share of the crypto space.
Kraken (about $4 Billion)
[Kraken]20is one of the premier cryptocurrency exchanges. This goes without saying that the recent [acquisition]21of a futures trading platform and the closing of its last [funding round]22to the tune of $13 million had quite a bit to do with its recent $ 4 billion valuation. It has, of course, raised the bar for the cryptocurrency trading platform whose future had reportedly been in the doldrums prior to the acquisition and new funding round.
Is It All about Money?
While the performance of the companies is as important as the reason that they were set up or are operational in the first place, the basic reason for the consideration of the most valued companies in terms of valuation is to gauge the health of the corporate actors currently on the big stage within the crypto space. This also indicates the direction that the sphere is going in; the direction of greater adoption and inclusion in normal day-to-day events. One thing is certain from the above: a new industry has been born and those who can catch the “crypto-fire” may one day be also among these above-listed companies as many others are in fierce pursuit of being unicorns themselves. ''' Have a Look at the Most Valuable Companies in Crypto Space Go1dfish undelete link unreddit undelete link Author: MonteCarloDEX 1: *ww*coi*s*ea*e*.*o**organi**tions*ripple-labs/ 2: w***coi*spe*ker.com/coi***xrp/ 3: *w**forbes.com/*ites/*ic***ldelcast*ll*/2018/0*/04/rip*le*-tril*ion-*o**a**ma*/ 4: www.**inspeaker.com/orga**z*tion**ci**l*/ 5: w**.coinspe*ker**o*/c*in*/bitcoin/ 6: w*w.coi*s*eaker.com**r*a*i*ation*/bitm*in/ 7: w**.caixinglobal.com/20*8-06-***crypto-c****czars**e*rc*-*or*ai-pow*red-future-10*27***4*htm* 8: **w.c*inspe*k*r.com/org*n*zations/bi**n*e/ 9: *w*.coinspeak*r.*om*coins*bi*ance**oi*/ 10: fork***.me*ia/ex*lus*v*-cz-bina*ce-on-***-**a*t*-values-russia-*nd-chi*a* 11: **w.c**nspeake*.co*/ca*aan-raise*90*mi**ion-i*o/ 12: ww*.*oins*eak*r.*o*/orga*i*ations*c**nbase/ 13: bl**.coinbas*.com/*o*nba*e-raises*serie*-e-*o*n*-o*-fin*nci**-to-***el**at*-th*-adop***n-of-c*yptocurren*ies-1ad92*46*81* 14: www.*oinspeaker.c****r*aniz*ti*ns/bitme** 15: www.th**i*es***.u*/**t*cle/wheres-*al*et-c*n-*o*-spot-ben-delo*the-*ks-*i*st*bitco*n*billion*ire-llp**k2r* 16: ww*.coi*s*eaker*c*m*org*n*zati*ns/rob*nho*d/ 17: www.theinf*rmati*n*com/*r*icle**robinh*od-*e*rs-f**ding-*t-*alua*ion*o*er-7-***lio* 18: *w*.c*inspeaker.c*m*tag*bl*ck-o*e/ 19: www.bl*omb*r*.com/new*/articles/**1*-****2/thiel-b*ck*d****pto-startup*pay*-out*6-567-*et*r* 20: **w.**in*p*aker*com/organiz**ion*/kraken/ 21: www.coi*s*e*ke*.*om/k*aken-cry*to*facili*ie*-s*o*-f*tu*es/ 22: w*w.co*n*peak*r*c*m/krakens-f*n*ing*valu*tion-*-bi**i*n/ Unknown links are censored to prevent spreading illicit content.
here it is AMA time!Introducingu/ChaoWang — COO Bitpie Wallet andu/Kongour ambassador from China!AMA Duration: 35 minutesRounds: Team Round (first 20 min) and Community Round (last 15 min)
Thx DanielAbout myself, I heard bitcoin in 2013, started buying and a little bit mining by end of that year. And of course, I lose a lot of money during the market collapse in 2014–15, just like a lot of friends just suffered in the past weeks.Luckily, as a hodler, I didn’t sell any coin during bear market and most of those coins are still in my wallet until today.In 2017 I joined Bitpie. Prior to that, I have been in the traditional IT industry for more than a decade. During my 15-years career, I have worked for organizations including online service company, big data company and IT services company. Responsible for IT system, product R&D, business management and has been stationed in the United States to manage a series of project cooperate with IT giants such as Microsoft and Cisco.My last role before joining Bitpie was the general manager of a business division at one of largest IT service companies in China, managing the solution business related to new technologies such as cloud computing and AI, also got some chance to work with partner for business-oriented blockchain PoC projects.It is a tough time for everyone, it is my great honor to have the opportunity to meet and learn from you guys at this special moment.
Hi, all. I am Kong from Bitpie Wallet. Also ambassador of Algorand Beijing. I have been working for Bitpie since 2018 and now mainly in charge of marketing job. Tonight, Mr Wang chao will bring us his presentation and I will help answer questions if needed.Long for Bitpie and Algorand
Thanks a lot for sharing your introductionu/ChaoWangu/Kong! Seems you have been in the industry since a long while! Glad to have your experience and support for Algorand!Really appreciate Bitpie as a global partner of Algorand and you have also supported ASA these days. Could you tell us more about Bitpie Wallet and what do you think about the cooperation with Algorand?
Bitpie is an industry-leading non-custody wallet with very high market penetration in Asia area. We have been focused on the blockchain wallet for more than six years.As a professional wallet service provider, we have 3 wallet products.Bitpie Wallet — a multi-chain wallet with DeFi and DApp portal along with a lot of other crypto-based scenarios.Bither Wallet, a bitcoin.org recommended open-sourced bitcoin wallet.BitHD — an open-sourced multichain Hardware cold Wallet.Among 3 products, Bitpie is the most famous one.Our products helped millions of global users manage dozens of billions of US Dollars’ worth of cryptocurrencies in the past 6 years with 0 security accident. We are also very proud of being a contributor to the early blockchain community for we introduced a variety of novel technologies in the field of cryptology and security.The cooperation between Algorand and Bitpie began in 2018 when we met Professor Micali and Steven for the first time in Beijing. The conversation was very pleasant and soon determined willingness of both parties to cooperate.In 2019, with the launch of the Algorand mainnet, we have 360-degree cooperation with Algorand in technology, network, marketing and ecosystem support.With the launch of Algorand 2.0 and ASA assets, great innovations are emerging on Algorand blockchain. We are very happy to participate in this process and look forward to more cooperation in the future.
Thank you for the detailed introduction about Bitpie and your cooperation with Algorand!Do you have large market share for BTC, USDT or any other currencies in Asia?
Yes, we are the most popular BTC wallet in Asia, and for stable currencies, we are probably the wallet with №1 volume in the world 🙂I would like to say more about USDT.
Sure please go ahead!
We all know Stable coin is extremely important for a public chain ecology.As a wallet operator, our experience in this area is direct, and we have observed a lot in the past when the stable currency market and the underlying public chain were constantly changing. Before the launch of Algorand USDT, we had several conversations with foundation and shared our understanding of this market.Each public chain has unique development route, and this route also determine the market development route of stable currency on that Chain. The application-oriented blockchain is still in a very early stage, now it is difficult to determine which direction is better and more likely to succeed.But no matter which route you take, one thing is for sure, which is to increase the usability as much as possible and help users reduce the barrier. This is the main reason why erc20 USDT can take most of the market share from omni USDT.Market promotion is also very important. If Algorand has some related plans in the future, Bitpie as the direct entry point to reach users, is very willing to provide help as much as we can.
Glad to see our goals align Chao 🙂 We wish to have Algorand- USDT as major value capture on Algo public chain! Really excited to explore more use-cases and co-marketing opportunities with you.While on the subject, I noticed you have DeFi and Dapp portal. As a leading wallet provider, what do you think is the future of wallets ? Is it DeFi, something else?
Yes, DeFi and DApp are extremely important for wallet. But that not all we are aiming for.In the past, wallet is viewed as a tool that managed private keys to send and receive assets. With the emergence of various scenarios in the blockchain world, the functions integrated on the blockchain wallet today have far exceeded asset sending and receiving.Almost all major wallets on the market have integrated different forms of coin trade. Staking, voting, Borrowing & Lending functions have also been integrated into wallet.More wallets have even begun to support Dapp and DeFi based on different blockchain networks, thereby introducing more open scenarios.But we see that the users of the wallet are all users who already have crypto assets and already has some understanding of the blockchain.However, the proportion of such users in the entire society is very small, and currently there are few wallets or applications that can develop people who do not know the blockchain through their own scenarios. I think that will change in the future.There will be a variety of innovations constantly emerging, and some of them, although possibly a small part, will draw quite a lot of people from the general community to blockchain world.They are not typical crypto asset holders, and they do not understand what a blockchain is or what an oval algorithm is.In fact, they don’t need to understand. Both public chains and wallets will evolve, allowing ordinary users to enjoy the innovation brought to them by the blockchain without perception.At that time, the wallet, as a carrier of rights and on-chain identities, will be closely related to people’s daily lives. And the form of the wallet will be very different from now.For the simplest example, suppose a billion people have entered the world of blockchain. Can you imagine all one billion people are writing down mnemonic words like current wallet users? That’s not possible.
You make quite a few interesting points Chao. Mnemonic words is an interesting one as well! Since we are running low on time, my last question would be on Algorand itself.What are your thoughts about Algorand? 🙂
I have worked in the IT service industry for many years. The clients I have dealt with involve various industries, finance, manufacturing, retail, transportation, government.My major business focus was to provide them with the underlying business support systems. This gives me some understanding of the fundamental supporting of commercial facilities.In these mature business ecosystems, there is a complete and meticulous industry chain collaboration. Some are responsible for basic technical/science innovations, and some are responsible for the implementation of the underlying platform based on these innovations.Some people use their technical capabilities to design solutions suitable for the industry, and some people apply these solutions to help them expand their business.In the end, no matter how many layers are passed, it is the consumers who pay for all of this. Of course, consumers also enjoy the convenience brought by technological development and industrial chain collaboration.Blockchain system will also play the role to support business. However, blockchain technology and ecology are still very early, such industrial collaboration cannot yet be formed.Some public chains have focused on faster and more direct 2C scenarios. This is understandable, but in my opinion, industrial collaboration will eventually come, and at that time, tens of millions of people will enjoy the beauty that blockchain technology brings to everyone.Compared with other public chains, Algorand’s path is very solid, and it is constantly laying the foundation, not only the technical foundation, but also the basis of industrial chain collaboration. This process may not be that fast, but I think it is all necessary.
Appreciate you sharing your thoughts Chao! We are really committed towards industrial collaboration. You summed it all up really well! I will be compiling a full blog-post and publishing it for those who couldn’t join the AMAu/hereCommunity Round can start now! You can ask any questions that you have! This one would run for the next 15 minutes.
Really appreciate the time you guys are taking to have this AMAFor Bitpie, which countries are most popular for using your wallet service?By the looks of it asia, but curious on where the majority of users are from? 😄
As a team from China, users from China take the largest part. But our penetration in Southeast Asian countries is also very high.Some of our users are in China, our team are based on Hong Kong. We welcome and embrace regulation relate to wallet service. This is a must done thing before blockchain permeate everyone’s life.
Will you be offering any kind of staking on the POS networks you support?
Yes, we are providing Staking services for blockchains such as Cosmos and EOS .
I suppose there’s interest in increasing the number of tokens that can be staked on your platform yep?
Yes, everyone want to manage their asset in one wallet rather than install wallet for each blockchain network.
You’re right .. Binance is quite fierce in adopting new staking servicestoo it must be a challenge to gain market share
does the wallet support other cryptocurrencies/erc20 tokens?
Yes, we support 30+ blockchain network including BTC/ETH/Algorand.All ERC20 Tokens is supported.
MinedBlock The diagram below shows how crypto mining can be compared to traditional banking and credit card transactions:
In the beginning, Bitcoin was a person-to-person (P2P) method of transferring ‘value’ and was mined using generic laptop and desktop computers. Over the last decade; the popularity, use case and validity of Bitcoin and other cryptocurrencies has grown beyond the ability of most people to stay involved with mining. Whilst the exchange/brokerage side of the crypto ‘industry’ has evolved and firmly established leaders such as Coinbase or Binance, there isn’t really a comparable entity in the mining arena. Bitmain is probably the biggest but they are primarily a hardware manufacturer and don’t focus solely on transaction processing. Their remit is limited to the range of assets that they can mine using the hardware they manufacture and own. During the 2018 ‘crypto bull’ market, many mining companies appeared but failed to properly prepare for the event of a downturn and in the ‘bear’ market in the latter half of 2018 have disappeared. At the point in December 2017 where Bitcoin price peaked at $20,000 the blockchain couldn’t cope with the sheer volume of transactions and the fees were astronomical. Transactions were taking over 2 hours and costing up to $40 in fees. The total crypto market value is still relatively low at the moment, so the opportunity is ripe for MinedBlock to establish ourselves as a company bringing a corporate approach to the crypto mining industry. By establishing ourselves while the crypto market value is lower, we are protecting ourselves and our investors against any potential future downturns. ‘Crypto’ penetration into the global population is lower than 1% currently and mining is a cottage industry. We predict that as acceptance and use cases increase there will be an explosion in the userbase and therefore the demand. This, therefore, makes this the perfect opportunity to seize the initiative and establish ourselves as a leader in crypto mining. MinedBlock Whitepaper: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf Click on the links below to get detailed information about MinedBlock. MinedBlock Website: https://www.minedblock.io/ MinedBlock Official Twitter: https://twitter.com/mined_block MinedBlock Official Facebook: https://www.facebook.com/MinedBlock/ Bounty0x Username: @skylords
MinedBlock is a Fintech Crypto Mining & Infrastructure Service Provider that specialize in transaction processing, or ‘mining’, for crypto currency transactions. The ‘Parent’ company MinedBlock Limited owns all of assets, infrastructure and operation while the ‘Subsidiary’ company will run services. A lot of problems has affected mining companies. MinedBlock has plans to raise funding which will be used to build a corporate-scale mining operation. Our investors can rely on our team to look after the equipment and ensure they are working at maximum productivity 24x7 with the lowest operating costs. MinedBlock will create a dedicated mining facility which focuses on mining multiple coins from within the top 50 by market cap to ensure a diverse range of revenue streams for customers to benefit from. Over the last decade; the popularity, use case and validity of Bitcoin and other cryptocurrencies has grown beyond the ability of most people to stay involved with mining. Whilst the exchange/brokerage side of the crypto ‘industry’ has evolved and firmly established leaders such as Coinbase or Binance, there isn’t really a comparable entity in the mining arena. Bitmain is probably the biggest but they are primarily a hardware manufacturer and don’t focus solely on transaction processing. Their remit is limited to the range of assets that they can mine using the hardware they manufacture and own. During the 2018 ‘crypto bull’ market, many mining companies appeared but failed to properly prepare for the event of a downturn and in the ‘bear’ market in the latter half of 2018 have disappeared. At the point in December 2017 where Bitcoin price peaked at $20,000 the blockchain couldn’t cope with the sheer volume of transactions and the fees were astronomical. Transactions were taking over 2 hours and costing up to $40 in fees. The total crypto market value is still relatively low at the moment, so the opportunity is ripe for MinedBlock to establish ourselves as a company bringing a corporate approach to the crypto mining industry. By establishing ourselves while the crypto market value is lower, we are protecting ourselves and our investors against any potential future downturns. https://i.redd.it/lfguhxhst4031.gif for more info, visit: https://www.minedblock.io/ Bounty0x: Tonymillions
https://preview.redd.it/z9qndkht4vb31.png?width=788&format=png&auto=webp&s=25d1b844389dc51a159ea5f88f126e8febec6e75 MinedBlock offers the opportunity for investors to take advantage of using the resources from a large-scale mining operation, mining multiple crypto assets without the need to buy, configure and maintain expensive mining equipment. Our unique approach to this activity gives you a fully secured and compliant token granting you a share of ownership of the holding company behind the service and not just a ‘random utility token’. MinedBlock is a Fintech Crypto Mining & Infrastructure Service Provider specialising in transaction processing, or ‘mining’, for crypto currency transactions. The ‘Parent’ company MinedBlock Limited will own all of the assets, infrastructure and operation while the ‘Subsidiary’ company will own the ‘Service’. The reason behind this model is to tokenise equity in the subsidiary while retaining private ownership of all the assets in the parent company. 25% of revenues will be retained by the parent company to be used for ongoing expansion and operational costs. Miners, collectively, provide the backbone infrastructure network for cryptocurrency blockchains, the blockchain provides a single, distributed ledger across multiple ‘nodes’ (specialist mining hardware) which perform the activity of ‘mining’ transactions. The blockchain is a distributed, un-editable database which stores transaction information, crypto wallet* balances and details of minted (newly created) coins. Mining validates those transactions, processes payments and updates them to the distributed ledger in a new block. Each block contains a reward of new cryptocurrency which is awarded to the miner (minted) along with the transaction fees for the processed payments in that block. For example, a miner who mines a new bitcoin block would earn 12.5 Bitcoins plus 0.25** Bitcoin in transaction fees. In the beginning, Bitcoin was a person-to-person (P2P) method of transferring ‘value’ and was mined using generic laptop and desktop computers. Over the last decade; the popularity, use case and validity of Bitcoin and other cryptocurrencies has grown beyond the ability of most people to stay involved with mining. Whilst the exchange/brokerage side of the crypto ‘industry’ has evolved and firmly established leaders such as Coinbase or Binance, there isn’t really a comparable entity in the mining arena. Bitmain is probably the biggest but they are primarily a hardware manufacturer and don’t focus solely on transaction processing. Their remit is limited to the range of assets that they can mine using the hardware they manufacture and own. During the 2018 ‘crypto bull’ market, many mining companies appeared but failed to properly prepare for the event of a downturn and in the ‘bear’ market in the latter half of 2018 have disappeared. At the point in December 2017 where Bitcoin price peaked at $20,000 the blockchain couldn’t cope with the sheer volume of transactions and the fees were astronomical. Transactions were taking over 2 hours and costing up to $40 in fees. The total crypto market value is still relatively low at the moment, so the opportunity is ripe for MinedBlock to establish ourselves as a company bringing a corporate approach to the crypto mining industry. By establishing ourselves while the crypto market value is lower, we are protecting ourselves and our investors against any potential future downturns. https://preview.redd.it/kehz0rfw4vb31.png?width=570&format=png&auto=webp&s=79bea7844ee990f4ba24df4b60fbcf2aa2750a44
+ Scalable MinedBlock’s service is endlessly scalable, in order to grow the service we simply would install and configure more mining equipment. There isn’t any technical limitation to how big it could get. MinedBlock has the ability to quickly and easily expand into multiple revenue streams including, but not limited to, expansion of the range of mined crypto assets and the ability to host private mining services. + Agile Initially, 40% of our infrastructure will be dedicated to cryptocurrency other than Bitcoin, this will enable the service to flex and switch between the asset being mined allowing us to always target the assets with the best returns based on market demand. The 60% initial allocation to Bitcoin can also be adjusted based on market prices and returns. + Sustainable MinedBlock is focussed on hosting our infrastructure in areas that can provide 100% renewable energy. + Market Immunity Phase 2 of the project, which is out of scope for this round of funding, will be to build our own renewable energy sources to offset electricity costs, the primary ongoing cost factor, thus enabling continuous revenue production regardless of crypto market prices. + Projected Revenue MinedBlock will produce revenue through mining a strategically selected range of cryptocurrencies. Another way to ‘mine’ crypto is to buy and hold a minimum number of a coin in a wallet which entitles the holder to a share of transaction fees (similar to earning interest on a savings account). This is known as a ‘Proof of Stake’ method of mining. Publishing a wallet for Proof of Stake mining is called hosting a masternode. There are always new technological advances in the mining industry including strategies and technologies which we are prepared to adopt and add to our service. + Unique Selling Point (USP) Our USP compared to the competition is that we plan to make ourselves fully immune from the market, prioritise our investors (over ourselves) and be 100% transparent in everything we say and do. Most other mining firms have focused on just ‘out of the box’ mining and not considered any form of cost reduction or alternative revenue generation such as masternodes, and this has left them unprofitable and unable to continue. Our aims go far beyond ‘just being another mining company’ we intend to dominate the space as quickly as possible. At this stage, there isn’t really any meaningful competitor in the marketplace as the mining industry is still in its infancy.
• The New York Attorney General announces a court order against iFinex, the parent organization behind Bitfinex and Tether for allegedly covering up a U.S. $850,000,000 loss. Bitfinex has since released a statement denying all allegations.
CRYPTOCURRENCY TRADING SERVICES
• Effective April 30th, 2019, South Korean exchange Coinnest will cease operations. • The first 100,00 registrants of eToro’s cryptocurrency wallet app will earn 0.1 Ethereum (ETH). • Binance Singapore launches with a dedicated Singapore dollar (SGD) to Bitcoin (BTC) fiat onramp.
• Japanese financial regulator, The Financial Services Agency (FSA) raids 2 cryptocurrency exchanges – Huobi Japan and Fisco. • 21-year-old Joel Ortiz has been sentenced to 10 years in prison for stealing more than U.S. $7,500,000 in SIM-swapping. • The State of New York issues first ever conviction for cryptocurrency money laundering. U.S. $2,800,000 was laundered through illegal substances sold on online platform NextDayGear.
• “Beapy” a cryptocurrency mining malware spread through malicious emails is on the rise according to security giant Symantec. • Blockfolio now offers automatic portfolio updating on 7 cryptocurrency exchanges (Coinbase, Coinbase Pro, Bittrex, Binance, OKEx, Poloniex and Bitfinex). • Yelp introduces a “accepts cryptocurrency payment” filter on its iOS application.
• French lender Societe Generale SFH issues a EUR 100,000,000 bond in the form of a security token on the Ethereum blockchain. • J.P Morgan’s P2P network, “Interbank Information Network”, has signed up over 220 banks. The network is designed to facilitate cross-border payments • TD Ameritrade is offering paper trades for Bitcoin (BTC) and Litecoin (LTC) through NASDAQ. • Samsung invests U.S. $2,900,000 into cryptocurrency hardware firm Ledger, bringing the valuation for the firm to roughly U.S. $290,000,000. • Nike files for a patent for “Cryptokicks” with the intent to use the name to provide a digital currency for use by members of an online community.
• Coinbase lays off 30 employees as a result of shutting down Coinbase Markets – a division dedicated to creating trade matching engines and HFT algorithms. • SoftBank founder Masayoshi Son allegedly lost U.S. $130,000,000 as a result of a Bitcoin investment back in February 2017. • Hardware wallet manufacturer Ledger appoints its current president Pascal Gauthier as CEO. • The U.S. Securities and Exchange Commission (SEC) looks to hire a financial analyst for cryptocurrencies.
• @MarkYusko – “People ask me why would someone from traditional investment world cross over to #Blockchain & #Crypto world? Because never in my 30 yrs of managing capital have I seen an asset that delivers on promise of return enhancement & risk reduction through low correlation like Bitcoin” • @APompliano – “Bitcoin has no CEO. It has no fancy offices. It has no marketing department. It raised $0 from venture capitalist. Yet, it is worth $100 billion in just 10 years. Bitcoin is an example of why product-market fit is the only thing that ultimately matters.”
I would like to warmly welcome everyone to waltonchain This is an updated, extended community-written post and I will try to update it regularly over time.
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What is Waltonchain?
The Waltonchain Foundation is building a cross-industry, cross-data sharing platform by integrating Blockchain with the Internet of Things through self-developed RFID Chips with intellectual property rights. The in-house developed Waltonchain RFID chips integrate a proprietary, genuine random number generator and an asymmetric encryption logic and hardware signature circuit, all of which are patent-protected. The combination of self-developed RFID chips and the Waltonchain blockchain will ultimately achieve the interconnection of all things and create a genuine, believable, traceable businessmodel with totally shared data and transparent information. Waltonchain will unfold a new era of the Value Internet of Things (VIoT).
The Waltonchain team has formulated a 4-phase development plan, starting from infrastructure platform establishment to gradually incorporating retail, logistics and product manufacturing, and to finally achieving the full coverage of the business ecosystem.
As for the phase 1.0 of the project, the team has developed the clothing system integration scheme based on RFID. The application scenarios at phase 1.0 will establish Golden demonstration template At phase 2.0, our RFID beacon chip will be massproduced and can be used in clothing, B2C retail and logistics. At phase 3.0, manufacturers will achieve traceable customization of intelligent packaging. At the project phase 4.0, with the upgrading and iteration of assets information collection hardware and improvement of blockchain data structure, all assets can be registered in Waltonchain in the future.
Do Sanghyuk (都相爀) – Initiator in Korea Korean, Vice Chairman of the China - Korea Cultural Exchange Development Committee, Director of the Korea Standard Products Association, Chairman of Seongnam Branch of the Korea Small and Medium Enterprises Committee, Chairman of Korea NC Technology Co., Ltd., Senior Reporter of IT TODAY News, Senior Reporter of NEWS PAPER Economic Department, Director of ET NEWS.
Xu Fangcheng (许芳呈) – Initiator in China Chinese, majored in Business Management, former Director for Supply Chain Management of Septwolves Group Ltd., has rich practical experience in supply chain management and purchasing process management. Currently, he is the Director of Shenzhen Silicon, the Director of Xiamen Silicon and the Board Chairman of Quanzhou Silicon. He is also one of our Angel investors.
Kim Suk ki (金锡基) Korean, South Koreas electronics industry leader, Doctor of Engineering (graduated from the University of Minnesota), Professor of Korea University, previously worked at Bell Labs and Honeywell USA, served as vice president of Samsung Electronics, senior expert in integrated circuit design field, IEEE Senior Member, Vice President of the Korea Institute of Electrical Engineers, Chairman of the Korea Semiconductor Industry Association. Has published more than 250 academic papers with more than 60 patents.
Zhu Yanping (朱延平) Taiwanese, China, Doctor of Engineering (graduated from National Cheng Kung University), Chairman of the Taiwan Cloud Services Association, Director of Information Management Department of National Chung Hsing University. Has won the Youth Invention Award by Taiwan Ministry of Education and Taiwan Top Ten Information Talent Award. Has deeply studied blockchain applications over the years and led a block chain technology team to develop systems for health big data and agricultural traceability projects.
Mo Bing (莫冰) Chinese, Doctor of Engineering (graduated from Harbin Institute of Technology), Research Professor of Korea University, Distinguished Fellow of Sun Yat - sen University, Internet of Things expert, integrated circuit expert, Senior Member of Chinese Society of Micro-Nano Technology, IEEE Member. Has published more than 20 papers and applied for 18 invention patents. Began his research of BitCoin in 2013, one of the earliest users of btc 38.com and Korea korbit. Served as Technical Director of Korea University to cooperate with Samsung Group to complete the project Multi sensor data interaction and fusion based on peer to peer network. Committed to the integration of block chain technology and Internet of Things to create a real commercialized public chain.
Wei Songjie (魏松杰) Chinese, Doctor of Engineering (graduated from the University of Delaware), Associate Professor of Nanjing University of Science and Technology, Core Member and Master Supervisor of Network Space Security Engineering Research Institute, Block Chain Technology expert in the field of computer network protocol and application, network and information security. Has published more than 20 papers and applied for 7 invention patents. Previously worked at Google, Qualcomm, Bloomberg and many other high-tech companies in the United States, served as R D engineer and technical expert; has a wealth of experience in computer system design, product development and project management.
Shan Liang (单良) Graduated from KOREATECH (Korea University of Technology and Education) Mechanical Engineering Department, Venture Capital PhD, GM of Waltonchain Technology Co., Ltd. (Korea), Director of Korea Sungkyun Technology Co., Ltd., Chinese Market Manager of the heating component manufacturer NHTECH, a subsidiary of Samsung SDI, economic group leader of the Friendship Association of Chinese Doctoral Students in Korea, one of the earliest users of Korbit, senior digital money player.
Chen Zhangrong (陈樟荣) Chinese, graduated in Business Management, received a BBA degree in Armstrong University in the United States, President of TIANYU INTERNATIONAL GROUP LIMITED, leader of Chinese clothing accessories industry, Chinas well-known business mentor, guest of the CCTV2 Win in China show in 2008. Researcher in the field of thinking training for Practical Business Intelligence e-commerce and MONEYYOU course, expert on success for Profit Model course. Began to contact Bitcoin in 2013 with a strong interest and in-depth study of digital money and decentralized management thinking. Has a wealth of practical experience in the business management, market research, channel construction, business cooperation and business model.
Lin Herui (林和瑞) Chinese, Dean of Xiamen Zhongchuan Internet of Things Industry Research Institute, Chairman of Xiamen Citylink Technology Co., Ltd., Chairman of Xiamen IOT. He successively served as Nokia RD Manager and Product Manager, Microsoft Hardware Department Supply Chain Director. In 2014, started to set up a number of IoT enterprises and laid out the industrial chain of the Internet of Things. The products and services developed under his guidance are very popular. Assisted the government in carrying out industrial and policy research and participated in planning of multiple government projects of smart cities, IoT towns and project reviews.
Ma Xingyi (马兴毅) Chinese, China Scholarship Council (CSC) special student, Doctor of Engineering of Korea University, Research Professor of Fusion Chemical Systems Institute of Korea University, Korea Sungkyun Technology Co., Ltd. CEO, Member of Korea Industry Association, Associate Member of the Royal Society of Chemistry, has published his research results in the worlds top journal Nature Communications and participated in the preparation of a series of teaching materials for Internet of Things engineering titled Introduction to the Internet of Things. His current research direction covers cross-disciplines that combine blockchain technology with intelligent medical technology.
Zhao Haiming (赵海明) Chinese, Doctor of Chemical Conductive Polymer of Sungkyunkwan University, core member of Korea BK21th conductive polymer project, researcher of Korea Gyeonggi Institute of Sensor, researcher of Korea ECO NCTech Co., Ltd., Vice President of the Chinese Chamber of Commerce, Director of Korea Sungkyun Technology Co., Ltd. He has been engaged in transfer of semiconductor, sensor and other technologies in South Korea. He is an early participant of the digital currency market.
Liu Cai (刘才) Chinese, Master of Engineering, has 12 years of experience in design and verification of VLSI and a wealth of practical project experience in RFID chip design process, SOC chip architecture, digital-analog hybrid circuit design, including algorithm design, RTL design, simulation verification, FPGA prototype verification, DC synthesis, backend PR, package testing, etc. Has led a team to complete the development of a variety of navigation and positioning baseband chips and communication baseband chips, finished a series of AES, DES and other encryption module designs, won the first prize of GNSS and LBS Association of China for scientific and technological progress. Finally, he is an expert in the consensus mechanism principle of blockchain and the related asymmetric encryption algorithm.
Yang Feng (杨锋) Chinese, Master of Engineering, worked at ZTE. Artificial intelligence expert, integrated circuit expert. Has 12 years of experience in VLSI research and development, architecture design and verification and 5 years of research experience in artificial intelligence and the genetic algorithm. Has won the Shenzhen Science and Technology Innovation Award. Has done an in-depth research on the principle and realization of the RFID technology, the underlying infrastructure of blockchain, smart contracts and the consensus mechanism algorithm.
Guo Jianping (郭建平) Chinese, Doctor of Engineering (graduated from the Chinese University of Hong Kong), Associate Professor of the Hundred Talents Program of Sun Yat-sen University, academic advisor of masters degree students, IEEE senior member, integrated circuit expert. Has published more than 40 international journal conference papers in the field of IC design and applied for 16 patents in China.
Huang Ruimin (黄锐敏) Chinese, Doctor of Engineering (graduated from the University of Freiburg, Germany), academic advisor of masters degree students, lecturer of the Department of Electronics of Huaqiao University, integrated circuit expert. Mainly explores digital signal processing circuit and system implementation and works on digital signal processing technology long-term research and development.
Guo Rongxin (郭荣新) Chinese, Master of Engineering, Deputy Director of the Communication Technology Research Center of Huaqiao University. Has more than 10 years of experience in design and development of hardware and software for embedded systems, works on the long-term research and development of RFID and blockchain technology in the field of Internet of Things.
Dai Minhua (戴闽华) Chinese, graduated in Business Management, received a BBA degree from Armstrong University, senior financial expert, served as Vice President and CFO of Tanyu International Group Co., Ltd. Has 13 years of financial work experience, has a wealth of experience in developing and implementing enterprise strategy and business plans, as well as achieving business management objectives and development goals.
Liu Dongxin (刘东欣) Chinese, received an MBA from China Europe International Business School, Visiting Scholar of Kellogg School of Management at Northwestern University, strategic management consulting expert, investment and financing expert. His current research interest lies in the impact of the blockchain technology on the financial sector.
Song Guoping (宋国平) Qiu Jun (邱俊) Yan Xiaoqian (严小铅) Lin Jingwei (林敬伟) He Honglian (何红连)
Ko Sang Tae (高尚台) Liu Xiaowei (刘晓为) Su Yan (苏岩) Zhang Yan (张岩) Ma Pingping (马萍萍) Peng Xiande (彭先德) Fu Ke (傅克) Xiao Guangjian (肖光坚) Li Xiong (李雄)
•CEO of Square Jack Dorsey announces its intention to hire 3-4 engineers and 1 designer to work on open source contributions to the Bitcoin/cryptocurrency ecosystem. New hires will not be focused on Square’s commercial interests, but rather what’s best for the crypto community.
•Western Union partners with Stellar based start-up Thunes to enable clients to transfer funds directly to any mobile wallet globally.
CRYPTOCURRENCY TRADING SERVICES
•Coinbase Pro removes support for stop orders and adjusts its trading fees schedule. Those who trade under $100,000 will see a fee increase of 33%. Other transactional thresholds will see no changes or otherwise a reduction of 13-50%. •Coinbase lists Stellar Lumens (XLM) on its web and native mobile applications (iOS, Android) on March 18th, 2019. •Binance launches a new fiat-to-crypto gateway in Australia, dubbed “Binance Lite”. The new platform allows for Bitcoin purchase in any of the 1300 newsagent stores for a 5% fee. •Huobi announces Huobi Prime, a platform allowing traders to speculate on tokens before they list on exchanges in what’s called an IEO (Initial Exchange Offering). •Cryptopia resumes trading with 40 pairs as of March 18th, 2019. Those who have lost funds as a result of the hack in January will be deposited a Cryptopia Loss Marker (CLM) to keep track of lost coins in New Zealand Dollars. •Huobi Global and OkEx announce support for upcoming Tron-based Tether (USDT). • A report from trading analytics firm The Tie suggests an estimated 87% of cryptocurrency trading volume may be artificially manufactured. This was determined by cross-referencing platform visitor analytics and reported volume by the exchanges.
•Senior advisor at the U.S Securities and Exchange Commission (SEC) Valerie Szczepanik stated that algorithmic stablecoins – tokens that maintain its stability through financial mechanisms may be “getting into the land of securities”. •The Japanese Cabinet, an executive agency of the Japanese government approves a law that bans margin trading that exceeds 4x from the initial position. Margin-enabled exchanges must now also register no later then 18 months from the effective date the law goes into effect.
•Major mining hardware manufacture Bitmain releases Antminer Z11 on March 19th, 2019. The new miner will be 60% more efficient on electricity and tout a 3x increase in hashing power to mine cryptocurrencies that is based on the Equihash algorithm (ZCash).
•Kakao, an internet conglomerate in South Korea with an estimated 44M users is looking to integrate a cryptocurrency wallet into its flagship messaging app – KakaoTalk. •Worlds largest manufacture of cryptocurrency mining equipment Bitmain, looks to deploy 200,000 miners in China’s southwestern provinces to take advantage of cheap hydroelectric power.
•Major South Korean cryptocurrency exchange Bithumb to reduce staffing by 50%. This will effectively reduce the head count of the team from 310 to 150. •Jared Rice Sr, founder of $4.2 million USD crypto bank scam AriseBank pleads guilty to 1 of 3 outstanding charges. Plea will sentence Jared to 60 months in prison with a maximum sentence of 20 years and $5 million USD fine. •Former BTC-e operator Alexander Vinnik currently accused for money laundering to the tune of $4 billion USD appeals for extradition to Russia for humanitarian reasons.
•@jack – #BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin! Introducing @sqcrypto. •@iamdevloper – If anyone wants a better understanding of Blockchain, I can thoroughly recommend the Fyre Festival documentary on Netflix. •@danheld – Dollar: In God we trust. Bitcoin: In math we trust.
Daily analysis of cryptocurrencies 20191016(Market index 40 — Fear state)
https://preview.redd.it/58bwse6lwvs31.jpg?width=1200&format=pjpg&auto=webp&s=e6f8fed2319f4afbc85fad586908bdbc950baf19 NBA-China Scandal Crashes Nike Sneaker-Backed Crypto Token Price As Reuters reports on Oct. 16, an anonymous trader’s Weibo post from earlier this month had shone a spotlight on an apparent 10% crash in the price of crypto tokens backed by Nike’s Air Jordan sneakers on 55.com, a United States-based exchange. “It’s clear sneaker speculators were pulling money out of the market,” the trader told Reuters. He interpreted the market response in the context of Chinese netizens’ anger over a now-notorious tweet from Houston Rockets general manager Daryl Morey, in which he declared solidarity with anti-government, anti-Beijing protesters in Hong Kong. Foxconn Founder: Libra Can ‘Converge’ With China’s Digital Currency In Taiwan Terry Gou, Taiwan’s richest man and the founder of manufacturing giant Foxconn, wants the island to roll out the red carpet for Facebook’s Libra cryptocurrency project. In a recent, little-noticed speech, the billionaire and one-time presidential candidate said Taiwan could boost its status as an international financial hub by embracing Libra, rather than approaching the project with skepticism as other governments have done. Gou also suggested the island could connect Libra, if and when it launches, with the digital currency being developed by the People’s Bank of China. Ex-CFTC Chairman Proposes Digital Dollar, A Government-Sanctioned Blockchain Protocol Former Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo, who had parted ways with the regulator this summer, published an article, named “We Sent a Man to the Moon. We Can Send the Dollar to Cyberspace,” stating that Washington should edge out rivals with a regulated platform for trading greenbacks via blockchain. “We propose a digital dollar — a government-sanctioned blockchain protocol, created and maintained by an independent nongovernmental group but administered by banks and other trusted payment organizations,” his words read. SEC Restarts Clock On Proposed ‘Bitcoin and T-Bills’ ETF According to a public filing published on Oct 15, investment management firm Wilshire Phoenix and NYSE Arca filed an amendment to their ETF proposal earlier this month to address issuance and redemption for the securities and the listing trading of the fund’s shares. Coinbase Custody will act as the custodian for the bitcoin held by the trust, according to the filing. The notice of Oct 15 says Coinbase will provide attestations confirming the amount of Bitcoin it holds within five business days of the trust’s monthly rebalancing, adding a detail not present in the original filing.
Encrypted project calendar（October 16, 2019）
BTC/Bitcoin:The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th.MIOTA/IOTA:IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16.ETH/Ethereum:Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades.QTUM/Qtum:Qtum (QTUM) Qtum main network hard fork is scheduled for October 16.(CRYPTO): and 1 other 16 October 2019 Supply Chains Unblocked Supply Chains Unblocked in London from 9:30 AM — 6 PM.Binance Coin (BNB):16 October 2019 Singapore Meetup “Bring your friends to come along with, & it will be FUN! With snacks and drinks.”IoTeX (IOTX):16 October 2019 Mainet Beta “The next evolution of IoTeX blockchain, secure IoT hardware, and decentralized identity is coming October 16 — mark your calendars.”Selfkey (KEY):16 October 2019 Corporate Wallet Release “Soon, wallet users will be able to manage corporate profiles and identity attributes.”Cardano (ADA):16 October 2019 Washington D.C. Meetup “Nathan Kaiser, Chairperson of the Cardano Foundation, will join the community in Washington DC on Oct 16, and talk about the recent
Encrypted project calendar（October 17, 2019）
Holo (HOT):17 October 2019 Redgrid AMA “Join us for the AMA with RedGrid on October 17th. Submit your questions before the AMA on our Holochain Dev Forum.”IOST (IOST):17 October 2019 Breeding Competition Ends “Join IOST 2nd Breeding Competition by@FishChainGamenow! The competition only lasts till 17 Oct”Aragon (ANT):17 October 2019 Seoul Meetup “You are invited to join@licuendefor a meetup and presentation on ‘Aragon and DAOs: What’s next after ICOs and DeFi?’”Skycoin (SKY):17 October 2019 NYC Skywire Meetup NYC Skywire Mainnet Meetup in NYC from 6–8 PM.Horizen (ZEN):17 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.AE/Aeternity:Aeternity (AE), held by members of the DCARPE Alliance, will be held in New York on October 17.PYC/Privacy Chian:The Privacy Chian (PYC) BiKi platform will open the PYC recharge and withdrawal at 15:00 on October 17th and open the PYC/USDT trading pair transaction on October 18th at 5:00.FBT/Fanbi:Fanbi (FBT) BKEX Global will launch FBT on October 17, 2019, Singapore at 15:00, open trading pair: FBT/USDT.MFCC/Marsfarmer:Marsfarmer (MFCC) CoinW will start MFCC recharge on October 15th from 16:00 to October 17th at 16:00, and officially open MFCC/CNYT transaction in potential area on October 17th at 16:00.GT/Gatechain Token:The Gatechain Token (GT) GateChain test network will be released on October 17.
Encrypted project calendar（October 18, 2019）
BTC/Bitcoin:The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decisionHB/HeartBout:HeartBout (HB) will officially release the Android version of the HeartBout app on October 18.OKB (OKB):18 October 2019 Rotterdam Meetup “Meet us in Rotterdam on 18 Oct as we partner up with Crypto010 Meetup to bring you a talk on ‘Decentralized Finance’.”HeartBout (HB):18 October 2019 Android Version “18th of October 2019 will be officially released Android version of HeartBout app.”BTU Protocol (BTU):and 2 others 18 October 2019 Paris Blockchain Summit The event will gather major international key players of the Blockchain ecosystem including well-known influencers, investors, government.YDS/YDS Blockchain:YDS Blockchain (YDS) ZG.COM will open YDS’s currency and coin transfer business at 14:00 on October 18th, and open the YDS/USDT transaction pair at 19:00 on October 19th.BTU/BTU Protocol:The BTU Protocol (BTU) Paris Block Summit will be held on October 18.EWS/EWS Token:EWS Token (EWS) EXX will open the EWS recharge business at 10:18 on October 15th, Hong Kong time. It is expected to open the EWS/ETH trading market at 10:18 on October 18, Hong Kong time.SIN/SIN Token:The SIN Token (SIN) BiKi platform will open SIN’s recharge and withdrawal at 18:00 on October 18th, and open the SIN/USDT trading pair transaction on October 21st at 5:00.
Encrypted project calendar（October 19, 2019）
PI/PCHAIN Network:The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19.LINK/ChainLink:Diffusion 2019 will be held in Berlin, Germany from October 19th to 20thDeepBrain Chain (DBC):19 October 2019 (or earlier) Deploy Main Chain “Deploy Main Chain,” during the third week of October.General Event (CRYPTO):and 1 other 19 October 2019Free State Blockchain “This “unconference” style event brings together some of the top financial tech innovators, researchers, company leaders, and other…”PCHAIN (PI):19 October 2019 Main Chain Voting “Main chain: Epoch 5, 82 nodes, 164,023,802 $PI, 7 Candidates, voting will start on Oct. 19th.”Nash Exchange (NEX):19 October 2019 Nash Anniversary Nash will present their work from the third quarter of 2019. Team members will be present and to answer your questions in person.
Encrypted project calendar（October 20, 2019）
GameCredits (GAME):20 October 2019 (or earlier) Mining Reward Drop GameCredits mining reward will be cut in half at block 2519999 (~October 20). This will be the 4th halvening of the GAME mining reward!Aeternity (AE):20 October 2019 Starfleet 3 App Deadline #Starfleet3 is happening in Malta and you have by October 20th to apply!FN/IPFS&Filenet:IPFS&Filenet (FN) will be launched on the UP project Filenet (FN). The UP subscription time is from 14:00 on October 20, 2019 to 18:00 on October 20, 2019.
Encrypted project calendar（October 21, 2019）
KNC/Kyber Network:The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.Horizen (ZEN):21 October 2019 Sidechains Alpha Release Horizen releasing the alpha version of industry first decentralized and unfederated sidechains.Horizen (ZEN):21 October 2019 Updated Whitepaper Horizen releasing an updated whitepaper.Kuverit (KUV) :IDAX will list #Kuverit (KUV) and open trading for KUV/BTC trading pair. is going to be listed on 21 Oct, at 10:00 am (UTC+8).
Encrypted project calendar（October 22, 2019）
ZRX/0x:The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22.Locus Chain (LOCUS):22 October 2019 Public Test Begins Public test runs for three days from October 22nd to October 24th.
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 OfficersCloakCoin (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).
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.
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.
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
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, USABTC/Bitcoin:Mt.Gox changes the debt compensation plan submission deadline to October 28ZEC/Zcash:Zcash (ZEC) will activate the Blossom Agreement on October 28th
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.
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.”
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.
Encrypted project calendar（November 6, 2019）
STEEM/Steem:The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.
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.
Encrypted project calendar（November 9, 2019）
CENNZ/Centrality:Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.
https://preview.redd.it/39wxh8xnwvs31.png?width=504&format=png&auto=webp&s=a4eb808860157a8fdf89a36ec74765b2af7bd628 Yesterday, we discussed the chances of a possible rebound in bitcoin if it breaks the $8,400 resistance against the US Dollar. However, BTC price struggled to climb above the $8,400 resistance area. As a result, there was a fresh decline below the $8,300 level. Moreover, there was a break below the key $8,200 support area and the 100 hourly simple moving average. Finally, the price traded below the $8,100 level and formed a new weekly low near $8,062. It is currently consolidating losses above the $8,100 level. Besides, it traded above the 23.6% Fib retracement level of the recent decline from the $8,386 high to $8,062 low. An immediate resistance is near the $8,200 level (the recent key support). The next resistance is near the $8,220 level and the 50% Fib retracement level of the recent decline from the $8,386 high to $8,062 low. However, the main resistance for bitcoin is near the $8,300 level and the 100 hourly SMA. Furthermore, there is a key declining channel forming with resistance near $8,350 on the hourly chart of the BTC/USD pair. Therefore, a successful break above the channel resistance and a follow through above $8,400 is must for a decent recovery in the near term. On the downside, there are not many supports up to $8,000. If the bears gain strength, they may perhaps succeed in clearing the $8,000 support area. The next major support is near the $7,800 level, below which the price is likely to head towards the $7,500 zone. Review previous articles:https://firstname.lastname@example.org Telegram： https://t.me/Lay126 Twitter：https://twitter.com/mianhuai8 Facebook：https://www.facebook.com/profile.php?id=100022246432745 Reddi：https://www.reddit.com/useliuidaxmn LinkedIn：https://www.linkedin.com/in/liu-wei-294a12176/
Bitcoin has been given the nickname “digital gold”. This is because of its characteristic as a store of wealth. Many big investors are resorting to Bitcoin as a good place to put their money. The reason for this is not just because it can be sustained, but also because of the high tendency of appreciation in value. Here we shall be considering the top 10 richest people in the world, in Bitcoin. We will take a look at their net worth, and how much that amounts to in Bitcoin. We will also consider their primary business and a little bit of their history. How they started out in the Bitcoin ecosystem and what they have achieved so far will also enable us to understand more about them. So, here is a list of the top 10 richest people in the world, in Bitcoin. 10.Matthew Roszark Matthew Roszark is the founder of Tally Capital, and co-founder of Bloq. Roszark is widely known as the man who gave Richard Branson and Bill Clinton their first Bitcoins. Roszark made it early into the Bitcoin space and participated in the very first ICO in 2013. Although that wasn’t what it was called at the time. Roszark has investments in 20 startups in the cryptocurrency ecosystem, some of which have gone ahead to do great things. Some of the startups that he invested in include Coinbase, Kraken and BTCC. Roszark’s net worth is $1 billion, which amounts to 102,712.94 BTC (at the time of writing).
Anthony Di Iorio
Anthony Di lorio is the founder of Jaxx and Decentral, and co-founder at Ethereum. Having studied a bit of economics and trying to find out the true essence of money after the recession of early 2000, Di lorio discovered Bitcoin and decided to explore. He started a Toronto Bitcoin-meetup, where he met his eventual co-founder of Ethereum, Vitalik Buterin. Di lorio contributed his personal funds towards the coding of Ethereum, and has since been involved in a number of other crypto assets. Some of them include Qtum, VeChain and ZCash. Di lorio is a serial investor who commits to projects at an early stage, then after levelling up, he pulls his funds and moves on to something new. His net worth of $1 billion is the equivalent of 102,712.93 BTC.
This CEO of Galaxy Digital is also popular in the field of macro hedge fund management. Novogratz started investing in cryptocurrencies in 2013 and two years later he left his position at Fortress Investment Group to focus on crypto. In the cryptocurrency industry, Novogratz is known as a seasoned trader who believes that the crypto market as it is today is a bubble. According to him, his aim is to make as much money as possible from the bubble before it bursts. Novogratz is worth $1 billion which is the equivalent of 102,712.92 BTC
Cameron and Tyler Winklevoss
The Winklevoss twins arrived in the face of the public through the controversial law suit against Facebook for intellectual property theft. They eventually won the case and were paid $11 million in compensation. With many Silicon Valley startups not wanting to get into Facebook’s black book, the twins seemed to not have where to invest their money. They were introduced to Bitcoin by Brooklyn-based investor David Azar in 2012, and found their new investment ecosystem. Over the years, the astronomic rise in Bitcoin price has turned their $11 million investment to a $1 billion portfolio of 102,712.91 BTC.
Matthew Mellon’s money started as old money which he inherited from family sources. However, through his “crazy” investment approach, he has been able to build a fortune out of his family inheritance. Having bought into Bitcoin some years ago, Mellon abandoned his early investments and sold his Bitcoins at some point. His attachment with the banking industry and the XRP feasibility attracted him to the coin. Mellon spent $2 million to acquire XRP tokens a few years back. That investment has grown to $1 billion, in the equivalence of 102,712.90 BTC.
Zhao Chaopeng popularly known as CZ, is the founder of cryptocurrency exchange, Binance. Within one year of its launch, Binance became the largest cryptocurrency exchange in terms of volume. The platform’s tokens were sold at a price of 10 cents during its ICO. At the time of writing, the price of the coin has risen to over $27 and CZ owns a huge volume of the coins. In 2014, CZ sold his house in Shanghai, which was practically all he had, to go all out into Bitcoin. Today, his net worth is $1.3 billion, which is equivalent to 133,523.65 BTC.
Brian Armstrong is the CEO of Coinbase, the largest cryptocurrency exchange in America. Coinbase was founded in 2012, and is the most patronized cryptocurrency exchange in the US. The exchange has also expanded, and is now available in many countries of the world. In 2018, the exchange embarked on a financing round that saw it raise $300 million, and the company is now valued at $8 billion. Armstrong’s net worth stands at $1.3 billion, with equates to 133,523.64 BTC.
Johan Wu is the co-founder of Bitmain, a China-based Bitcoin mining giant. Together with Micree Zhan Ketuan, they have grown Bitmain to become a household name in the industry, and the main supplier of ASIC-chip miners. Wu is also popular for his open support of Bitcoin Cash. Wu is estimated to be worth up to $1.5 billion, which translates in Bitcoin to 154,065.75 BTC.
Chris Larsen is the co-founder of Ripple, a company which was founded in 2012 with Jed McCaleb, the founder of Mt Gox. Larsen is regarded as a self-made billionaire, with the bulk of his wealth coming from cryptocurrency enterprises. Ripple boasts many top end customers in its portfolio. Among the list includes Bank of America, Santander and Mitsubishi Financial. Larsen’s net worth is estimated at $1.5 billion, which is equivalent to 154,065.74 BTC.
Micree Zhan Ketuan
Zhan is the co-founder of Bitmain technologies. Bitmain is regarded as the biggest Bitcoin mining company in China. The company is also known to specialize in the sale of ASIC-chip miners. Zhan is an electrical engineer by training and is the builder of the ASIC chips on the Bitmain hardware. He is an acclaimed self-made billionaire whose source of wealth is the manufacturing and sales of cryptocurrency mining chips. Zhan’s net worth is estimated at $2.7 billion, which when converted to Bitcoin is 215,692.05 BTC. Conclusion The dominant investment industry concept is evolutionary. At different eras of existence, different industries have produced different money magnates. Serial investors at the same time have found ways of aligning with the prevailing markets as the times change. With the advent of Bitcoin and blockchain technology, the digital assets ecosystem appears to be making a strong statement in the wealth sector. The number of self made billionaires within this sector is a testimony to the impact of this concept in today’s world. The top 10 richest people in the world, in Bitcoin, parades some names that can stand side-by-side with money magnates of traditional industries. With more developments likely to emerge in the crypto ecosystem, it will not be surprising to see the number of crypto-made billionaire skyrocket in the near future. https://medium.com/@4kingsocials/top-10-richest-people-in-the-world-in-bitcoin-94183268189b
IoT Chain (ITC) - Why China's answer to IOTA should have a place in your portfolio
In order to understand the value and potential of IoT Chain (ITC), it is important to first delve into a bit of background on the Chinese Internet of Things market, and why DAG networks like ITC are uniquely suited to IoT applications. China and it’s massive Internet of Things future China is the undisputed largest Internet of Things market in the world, a market that by 2020 is projected to be worth nearly $1 trillion USD as smart cities, autonomous vehicles, and evolving mobile devices such as wearables increasingly come online in the inevitable march toward an inextricably connected future. This market is, however, largely untapped as the problem of data/value transfer has been hitherto difficult to approach. Internet of Things applications will rely on instantaneous transactions of miniature values that enable a network of at-home power grids to transact excess solar power, or a smart car to pay a smart meter in real time for its parking (what is paid is thus no more and no less than the exact amount of parking time used). Blockchain is problematic for approaching these types of nano-transactions because of the lag involved in creating consensus on the network. On a blockchain, many transactions occurring at the same time or in very close sequence will all end up on the same block which will then need to be mined (proof of work). This makes current blockchains very poor at scaling and unable to handle the sheer volume of transactions occurring per second in the very near-future of IoT device connectivity demands. Blockchains are, on the other hand, extremely secure because the consensus they create makes their data immutable, authentic, and distributed. How does IoT Chain (ITC) solve this problem? IoT Chain (ITC) is not a pure blockchain network; it is a hybrid network combining blockchain with DAG (Directed Acyclic Graph) subnets. Instead of requiring blocks to be mined for creating consensus around a transaction (proof of work), DAG networks do away with blocks all together and have transactions verify each other, allowing for highly scalable and instant transactions. ITC takes blockchain into a new paradigm by combining the best aspects of hyperledger blockchain & DAG technology (lead ITC developer commenting on this: https://imgur.com/a/NG4aO). The ITC testnet release is due within the next two weeks and will be capable of scaling from 1,000 to 10,000 transactions per second. ITC main-net release is, according to the team, ahead of schedule in Q2 (main net release in April seems very possible). The ITC main net will be capable of scaling up to 100,000 transactions per second. For reference, Ethereum and Bitcoin are capable of between 4 and 15 transactions per second, depending on network congestion. Because of the security inherent to ITC’s network, it will be virtually impossible for malicious bots to infect IoT networks as recently happened with the Reaper IoT bot. This aspect alone makes a compelling case for the adoption of ITC and gives way to a very high ceiling in terms of market value potential. Currently, centralized companies mine user data like crude oil which they refine into a profitable (for them) final product, alienating your sovereignty and value in the process. ITC recognizes this and proposes creating a secure operating system for the internet of things wherein users are returned their data sovereignty and the value that is rightfully theirs (see: https://medium.com/@IoT_Chain/iot-chain-itc-return-the-data-sovereignty-to-users-and-create-a-secure-operating-system-for-714ced3d589c). The ITC token is integral and supports the ecosystem; any value transfer related to the rights of intelligent equipment will be settled with ITC tokens. This means that any and every transaction across the IoT Chain network will require ITC tokens, driving the value of tokens higher as adoption of IoT Chain increases. Who has invested in IoT Chain (ITC)? ITC has attracted some of the biggest blockchain funds in Asia as early investors:
Hitters Xu is the founder of Antshares (now known as NEO), Nebulas ($500million USD market cap), and FBG Capital, a pioneering and very well known Chinese blockchain fund. FBG Capital was the first and largest backer of ITC.
HASHED, formerly known as Blockchain Partners Korea, is the largest and most well known blockchain fund in South Korea. They are early backers of ICON, Omise GO, and many other stellar projects that went on to huge valuations. Hashed has invested in ITC and formed a partnership with them which involves a rebrand in February, bringing them to South Korean and Western exchanges, and a marketing campaign in South Korea: https://medium.com/@IoT_Chain/itc-accepts-bpks-investment-and-forms-a-strategic-partnership-9c3a053dfd88
What about partnerships and awards? ITC has several partnerships that are announced, and many more undisclosed partnerships (due to Non-Disclosure Agreements). They are also strongly linked to Cheetah Mobile after the ITC team confirmed they met with Cheetah’s CEO in a private meeting. Cheetah Mobile is a Chinese $2 billion company with 634 million customers.
Shanghai High-Flying Electronics Technology Co. Ltd. Shanghai High-Flying Electronics Technology is an IoT hardware manufacturer. IoT Chain is working with this company to produce chips that contain IoT Chain firmware. The chips will allow other manufacturers to easily integrate IoT Chain functionality into their hardware. This is a key benefit that IoT Chain has over Iota because manufacturers will not need to pay consultants to integrate the platform into their hardware enabling fast and widespread adoption especially among smaller manufacturers.
Shenzhen Galaxywind Network System Co. Ltd. Galaxywind produces high performance routers and smart devices such as smart thermostats for air conditioning, smart power points, smart LED bulbs and smart door locks. IoT Chain firmware will be integrated into their products.
What is a potential valuation? What is coming up for ITC? ITC has a current marketcap of about $145 million USD. IOTA by contrast is valued at $7 billion USD. Considering ITC's backing, connections, and position in the world's largest and most profitable Internet of Things market, ITC appears extremely undervalued with great potential as its currently NDA'd partnerships are revealed with the project's progress.
Cryptocurrencies continue to slide with Bloomberg Digital Assets 10 Index now down 80% YTD, surpassing the Nasdaq Composite’s drop during dot-com bubble in CY2000
AirSwap, a decentralized cryptocurrency trading platform announced a new partnership Tuesday that will tokenize New York’s real estate markets. AirSwap will partner with FINRA-registered broker dealer Propellr. In a statement, AirSwap said their main goal is to reduce time to complete secondary market transactions of private securities from months to days.
Alive Casino is building a blockchain platform that allows users to participate in VR online gambling. Based in Costa Rica, Alive Casino is currently in the process of selling 15% of its AL tokens in order to raise the necessary funds to develop the platform. AL tokens have a value of USD$0.015/token and can be purchased with ETH, with a maximum purchase cap of 75 ETH.
The Australian Trade and Investment Commission (Austrade), the country’s trade agency, and the Australian Digital Commerce Association are jointly sending a delegation of domestic blockchain startups to visit some of China’s largest fintech companies this week. China is one of the world’s leaders in innovative blockchain technology, having filed over 10% of the world’s blockchain patents.
Authorities from US states Illinois and Arizona are asking India’s Criminal Investigation Department (CID) to seize property of promoters of Bitcoin investment firm BitConnect. The two US states are accusing BitConnect of being a Ponzi scheme, having raised approximately USD$5.6 billion from investors. India’s Criminal Investigation Department also claims BitConnect is suspected of money-laundering.
After Bitcoinist reported Tuesday that investment bank State Street will back stablecoin Gemini Dollar, the Bitcion Foundation’s Charlie Shrem said solid stablecoins are going to serve as a bridge for mainstream investors that will span decades. Shrem elaborated, saying stablecoins’ biggest accomplishment is eliminating the risks associated with high volatility digital coins.
A Canadian town in the Ontario Province is paying hackers a ransom in Bitcoin in order to get its computer network working again. The town of Midland had its computer systems breached and infected with ransom malware that encrypted files at the beginning of this month. Although critical services, like waste management ad fire response, were not affected, the town has begun paying the hackers Bitcoin in exchange for the decryption keys.
CoinDesk is reporting that there is a new major competitor for Bitmain. Bitewei, a Shenzhen-based mining chip manufacturer led by the former director of design at Bitmain, Yang Zuoxing, raised CNY40 million (USD$20 million) to bring to mining hardware to market. Bitewei and Bitmain have been battling over the past 2 years in regards to intellectual property designed by Yang.
Researchers from China’s Xi’an Jiaoton University published a report Wednesday saying at least 4 in 5 altcoins have stolen and plagiarized about 90% of their code. The report examined 488 digital currencies and found the code underpinning 405 digital coins (83%) yielded a ‘similarity score’ of between 90% and 100%.
A variety of blockchain funds, exchanges, and startup have come together to form the Blockchain Association, a lobbying group for the crypto industry. Reported Tuesday, some founding members include Coinbase, Polychain Capital, Protocol Labs, and Digital Currency Group. One of the association’s first hires is Kristin Smith, former Senate aide. The Blockchain Association will specifically focus on lobbying for tax laws and know your customers/anti-money laundering regulations.
Japanese telecom company, Softbank Corporation, has completed a proof-of-concept (PoC) for a blockchain that would allow peer to peer mobile payments across different carriers. Announced early Wednesday, the technology is the product of a partnership with blockchain startup TBCASoft, and Synchronoss, a publicly traded company that works with a communications protocol in Japan called Rich Communication Service.
WARNING: This is an personal, unofficial translation offered as a rough summary of the video, so please don't take my words as the gospel. I'm not a professional translator, just an emigrated Chinese. Please reserve your judgement until the official translation comes out. A VERY brief personal translation of the video from Chinese only side, sorry if it's badly translated: Intro: CEO introduces himself and his connection to South Korea (bachelors and research professor). Now started WTC in China, have 15 years of experience in chip research. He found out bitcoin by chance in 2013 during his stay in SK; one of his mates was mining BTC, which quipped his interest in crypto and the tech and researched further. Later on he participated in an IoT conference and saw the potential of integrating blockchain tech with the physical world use. Gives an overview of what WTC does; connects RFID to blockchain so that the supply chain system is transparent, can take on larger quantities, faster, giving it better data management and integrity. Cue the the boxmining video. Offices: Their main office is in Shen Zhen, with another one in Xia Men and Cheng Zhou. The main office is in charge of the RFID chips, Xia Men does the systems, Cheng Zhou is doing the marketing/promo, because Cheng Zhou area has China's highest number of textile/clothing manufacturing companies. 30 people in main office, 30 in IoT, 10 in other offices. ICO History: Talks about the stats of the ICO, when it was, how long the duration, how many coins, etc. Talks about their presence in South Korea and the community in South Korea Telegram (60k). Initial SK to Chinese participants for the ICO ratio was very small. The future: Just finished their testing last month, went excellent. Currently doing the 2nd testnet now (finishes end of Dec). If something goes wrong, going to do a 3rd testnet Q1 next year. If everything is fine, going to skip the 3rd testnet. Goals in South Korea: Just went to NIDS company and wish to use their technology in Xia Men smart city to monitor environmental changes (particulate matter 2.5, particulate matter 50). Because environmental QA requires data integrity to make sure the data's true, combining NIDS's data collecting tech with WTC's blockchain integrity. Also promoting the RFID chip to SK's clothing industry. Starting at 31:41, he talks about NIDS and integrating their techs together. There were technical and electrical engineering terms in this part that I don't understand, so didn't translate. If anyone knows, would be much appreciated. Expectations of WTC value: Based on their market, competition, technology and team, etc, he expects them to be a top 10 cryptocurrency. Interesting note here: The current RFIDs can only read data. WTC have applied for a patent (only applied, not definite) to combine RFID with a memory (memory chip?*), so that it can transmit a TXID. This means when you read the RFID chip, you also read the TXID. Not only can the chip tell you the TXID, but it can store the next/new TXID. Other programs, such as the green frog, is doing similar things, but WTC has the patent to this RFID + memory of TXIDs. The biggest difference between WTC and these other RFIDs, according to him, is that WTC owns (has patent) of the hardware, whereas others only the software. Goes onto mention that the average investor might not understand the implications of this hardware advantage. In essence, WTC is making a brand new sort of RFID, one that has memory and can output/input TXIDs. With each input of a new TXID into the RFID, the data is stored onto the software, so you can go and pull out the entire TXID/journey of the product as it moves along the supply chain. This hardware tech alone is why WTC should become a top 10 coin, and expects it to be a top 5. Vision: The vision for WTC is more than tracking supply chains and data integrity. Once the technology and data integrity is proven, they aspire to use the data for analytics/research. WTC's vision is for a fair, safe, and transparent supply chain and market. They talk about a recent news feature on Chinese TV where mobile phones sold in America were China-made counterfeits and no one outside of the counterfeit factory was non-the-wiser. (WTC can counter international counterfeit). On Nodes, PoW & PoS, and max coin supply: Their RFID is strong enough to mine either Dash(not sure if heard right), or mine WTC. Uses both PoW and PoS. The PoS is there to assist PoW in difficulty of mining. 30mil WTC coins for PoW. 20mil for industry promotion/awareness, 10mil for the team, start to be gradually let out after two years. The last 10mil was initially planned for a 2nd ICO, but that's scrapped. They'll be figuring out how to use this in the future. On international markets/exchanges: Available in OKEX, HITBTC, Binance, chatting with Houbi, Bittrex, Polonex. Possible to counterfeit a RFID: As each chip stores TXID, unless you can counterfeit TXIDs onto an RFID, virtually impossible. How it works: A WTC client is given the chips and a reader specifically for that store and that store's location. This reader reads an RFID and inputs the TXID exclusive to that store. So even if you replicate the chip, you still need to replicate the reader so to enter the unique TXID of that part of the supply chain process. The reader's owner owns the private key, so the only person who can counterfeit/manipulate the TXID data would be the client who owns the reader. Any South Korea partners?: NIDS is the first one, they are assisting in looking for more possible partners with WTC.
We would like to thank Qudem for inviting us and hosting this AMA session and community for asking such interesting and high-qualify questions! See full review in our Blog 1. The price of your token continues to go down. What factors do you think influence it and what’s your strategy to keep holding communities attention? 2. Could you share more details about the marketplace you are working on? When is it going to be launched, what products will be there, etc? 3. When will you share the progress made so far with your announced partners? For now the crypto market is a highly speculative market and the token price almost has nothing to do the projects’ progress for most of the projects. IoTeX is such an ambitious project that our goal is to change how the physical world works with the blockchain world and not a lot people can understand our vision and hold the belief of it. So it is not a surprise to me that speculative investors come and go rather than hodl. But I see more and more long term believers are joining us recently, no matter through investment, development and other forms of ways to work with us, which is super encouraging! In addition, it seems like we are in the initial phase of another bull run for the entire crypto market and usually bitcoin is taking the lead but more attention will be shifted to other projects once bitcoin finished its sprint. We have more focus on the underlying privacy/TEE technologies as for now which is innovative, unprecedented and not easy. Once the underlying hardware/protocol is stylized, we will kick off trusted data marketplace project. For partnering with other projects and companies, we are selective because we want to work with our partners seriously rather than for PR purposes. We are working with many projects such as Chainlink (we announced the partnership yesterday), Neutral dollar (stablecoin), Celer (l2 scaling), Harmony (zkp projects) and many other companies from the traditional world. As great and solid progress is made, we will make official announcements. 1. How many nodes do you have ? How many token do you need to run a node? And what are the rewards? 2. “IoTeX and Lineable hope to connect 1,000,000+ Lineable devices to the IoTeX blockchain in 2019.” What is the status thereof? I assume you mean delegate nodes — globally we have ~60 delegates on-board and the top 36 of them are serving the network by producing and validating blocks. We specifically designed the low entry barrier for delegate candidates — one has to stake down 1.2M IOTX and get another 0.8M IOTX from others (including oneself) to be eligible as a delegate candidate. Check out the reward details here; my impression is that the annual return is 10% — 15%. Lineable project is going well. They will host their chain (for orchestrating lora gateways) within IoTeX network. We are kind of slow on the development of subchain SDK given other priorities; and we are actively staffing the team to have more hands working on the subchain SDK. “How did you survive during a long bear market? What difficulties, if any, have been encountered in this period?” What has been the biggest technical challenge that you overcame this year? And what from your pov is the biggest one to come , this year and beyond? Do you see IoTeX having a role in home surveillance and home automation some day — and of what kind? To be honest, I don’t have a strong feeling about the bear market in the past year since we have been so focused on building things :) I am an early bitcoin investor and user and tell me about the bear markets — bitcoin has been through many much tougher market situations and it is true that a blockchain project (including its token) becomes valuable only after being through tough times! In terms of the technical challenge, it is an interesting topic. We used to have lots of internal discussions around the technical roadmap — opinion 1 is to develop a useful blockchain by focusing more on the application/user-facing features while option 2 is to focus on the moonshot features which will likely not useful in the near term but important for the future. Both of them are legit and great. I would think option 1 may partly because the aforementioned “bear market” made people more realistic and desperately want a landing case for blockchain. Still, we decide to go for option 2 since we are an ambitious project for changing the world. The biggest one to come this year and beyond is decentralization — I feel like the industry focus is slightly off the right track as it puts too much attention on scalability technologies such as sharding — for which I think it is totally wrong. The blockchain is only valuable cuz it provides low-cost trust which roots in the decentralization. If one wants a fast system, there are many such as cassandra and kafka. Blockchain is not meant to be fast, at least the layer 1 chain. Yes! Device identity and trusted data are the two concrete things we are working on rewarding IoT+blockchain. We have quite a few inbound requests from home surveillance manufacturers and companies around these two. Can you explain better so that the token is used IoTeX Foundation and Ecosystem? Could you update the amount of available foundation and Ecosystem tokens? Why are not the foundation and Ecosystem tokens used for new associations? Any explanation of the current status of the iotex project? Do you plan to sell OTC iotex tokens? In that case, what provision of tokens are available for sale. Why is not iotex published in more media crypto and YouTubers? What idea of expansion is there currently, globally, which countries are you most interested in? How many fairs of iot and crypto do you plan to go to in 2019 and 2020? How many companies have contacted you interested in security iot? How many staff resources do you currently have? How much available capital is there for the project? People are procured with the alts, in what position do you think is iotex as a project, from 1 to 10? Why do you think iotex is better than similar projects? Do you have a board of directors, how often do you meet? Early stage venture capital investors, is there any of them that joins the board of directors and decisions? How can big investors contribute to iotex? He thinks it would be interesting to buy more tokens from venture capital investors. Do you communicate with new venture capitalists and other iot companies to buy iotex tokens? Thanks for such a list of thorough questions. The Binance Research Report will have some concrete numbers for some of the questions here; let me address them from a high level. IOTX is used for governance (through staking/voting), utility (like gas in Ethereum) and operating of subchains in IoTeX Network. Please see the Binance Report for concrete numbers of tokens allocation. One change we made recently is to distribute last trance of the private-sale tokens in July (which is already done) according to http://member.iotex.io/polls. Otherwise, everything else stays the same. Foundation and ecosystem tokens will be used for incubating new projects/initiatives on top of IoTeX network. We received some ideas and applications already and are selecting which are the ones we want to start with. We have no plans to sell IOTX via OTC. Any interested investors can buy from the secondary market. We are focusing on building :) As the project gets more well-established, we are talking about ourselves more on media, conferences and etc.. We already have enough number of inbound queries from IoT companies to start with. We are a team of 30+ people and most of us are engineers and scientists. For procuring of tokens, I cannot give financial advice. IoTeX has an ambitious vision and solid execution, it is a great project. We have few advisors from IoT industry, academia and venture side, and we meet roughly once a month. We are open to strategic investors especially the ones coming with industry resources. We are working with some of them but cannot disclose the details for now. What role do you think IOTEX will play in making blockchain highly adaptable in the worldwide stage? IoTeX’s role is clear — it connects the physical world and the blockchain world by leveraging the machines/devices and things. To make it highly adaptable, IoTeX has this blockchains-in-blockchain structure that we encourage applications/scenarios to have their specific subchains that acting like adapters to specific verticals. It is interesting to see that Polkadot adopts similar designs which they call parachains. Where do you and the team see the world of blockchain being in years to come, and how will $vita change the landscape of the cryptocurrency space in years to come? What do you think is the biggest problem Team will solve that no other project is solving now, and why is the problem important to solve? Connecting the physical world with the blockchain world is a huge trend in the next 5 years. VITA’s mission is to engage the community and make crypto super easy to use for normal people in this world, so it is another way to connect the physical world with the blockchain world. The important problem is “how to connect physical and blockchain worlds”. This is super important: 1. The physical world needs a parallel virtual world to enable programmability and automation for lots of things; 2. The blockchain world needs to have an impact on physical world to demonstrate its value and generate revenue potentially. There are very few projects working on this now, e.g., chainlink takes a great first step on this. IoTeX continuously pushing this forward. When you look back to the day you guys started IoTeX, are you guys satisfied with the progress you have made? When you say IoTeX is a truly private blockchain, how do you think it is better than other private blockchain implementations in the industry? I am super impressed by the progress of the team — we started with three co founders and we now have 30 employees all over the world and ~100K people in our community in 18 months; we started with a whitepaper and now we have a decentralized, stable and performant public blockchain already processed 1million transactions and every line of code of this blockchain is written by us, no fork, no clone. IoTeX project has been highly recognized in the industry by top exchanges, top institutional investors and top companies in internet and IoT industry. Very different. If you look at the privacy-focused blockchains as Monero, Zcash and Grin — they are all slow, hard to use (like in Grin, sender and receiver should cosign a message before transferring coins) and has limited privacy (like monero has limited anonymity set). Most importantly, they set a high bar for developers and users to embrace this privacy technology. What we want is to set a privacy-preserving enabled platform so users and developers can enjoy using it without hassling with the hardcore techniques underlying. Also compared to ZKP, ring-sig approaches, our TEE-based approach provides faster and easier user experience. What killer features has IoTeX that are ahead of the competition and how does IOTEX intend to open up the technology to the community and to researchers so it can be continuously improved on? In short, PoS-based decentralization and TEE-based trusted computing are the two killer features of IoTeX. The former one is in production, and we are welcome anyone to join our Delegate Program! The second one is still under R&D stage and we will gradually open to the community once features are stabilized. Is it possible to introduce such an option as re-delegation of profit (type of reinvestment) so that the coins are not sent to the delegate’s purse but are automatically delegated, implementing the concept of compound interest. Hah, this is the second time I received such a requirement! This is something definitely technically feasible and let me pass this back to my PM as they are building an auto reward-distribution service for all delegates and this could be one fancy feature. 1. Do you guys worry when the price of your token goes down in the market and try something to bring it up? 2. Why did you made the Vita token pre-mined? 3. Do you believe adding Blockfolio, Citex as delegates will benefit Iotex in the long run? A little bit since we do not let our supporters suffer; but not too much since we know it will pick up in the near future. Basically to me, the “blue chip” age in the crypto market is coming or already came. Great projects with an ambitious vision and solid execution are getting more attention from the market. VITA is not pre-mined, as the purpose is to create a fair token for everyone to enjoy. We have no intention to do fundraising using it. Yes, if you look at our delegates they are really coming from different sectors — community/media, tech, investors, exchanges/wallets, developers, ambassadors. All of them are contributing and make IoTeX a prosperous ecosystem! Check to see who they are I saw that IoTeX is currently holding its first network-wide vote via smart contract. Why is such community engagement important for IoTeX and what role will this type of voting play going forward? What kind of decisions do you think is important from IoTeX to put to the community? Great question. Decentralization is the soul of a blockchain. Every shareholder’s opinion is important to us! We will have more voting events like this regarding how to grow tech, community, token economics and etc.. What’s your outlook on the future of cryptocurrencies? What can we do to keep increasing adoption? We long both crypto and the world! We identify ourselves as the connector of the physical world and blockchain world, which will have massive adoption. Can you explain why IoTeX is unique and how you expand your project? IoTeX’s role is clear — it connects the physical world and the blockchain world by leveraging the machines/devices and things. PoS-based decentralization and TEE-based trusted computing are the two killer features of IoTeX. What other platforms (if any) are you and your team working on to expand blockchain development and technologies? We are exclusively focused on IoTeX Network for now but we use different techniques/tools to make it better such as graphql, typescript, tee and etc.. Hello, I’m just a newbie in this current new world, what’s your plan to expand/grab knowledge about cryptocurrency especially for IOTEX project? docs.iotex.io is definitely a great place to start. We will also launch our codelabs in a few weeks which would be a great place for starters. You can also check out lots of useful resources here https://www.iotex.io/community-resources How do you see the project develop in 3–5 years from now, both business wise & company wise? What are the plans to expand in different regions? Will you outsource the team/skills or keep it centralized and set up offices? The past 18 months is a great start for the project and we are working even harder since then. This year we aim to finish most of the tech foundation (blockchain + trusted computing); 2020 will be one year we focus on some use cases — device identity, trusted collecting of IoT data, trusted storage of data and compute. Second half of 2020, we will focus on commercialization of such as the data marketplace on top of our technologies. In terms of where to start, we found out that Asian and Europe are most passionate about IoT that’s where we will likely to push first. Decentralization is the soul of the blockchain, both at operation level (e.g., delegates) and organization level (e.g., diversified team and decentralized offices). We are always trying to make IoTeX more decentralized and we would love to have believers to join us no matter from where! Why iotx doesnt spend more time to promote more news about the project? We are focusing on building :) As the project gets more well-established, we are talking about ourselves more.
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