Legal Regulation of Crypto Funds
How do you like the idea of taking someone else's money, using it in the crypto market, and returning it while shaving off a percentage of profits? By the way, you risk nothing, because the client is warned about the risks of the insane volatility inherent to the cryptocurrency market. Many people like this idea, and you would be surprised how many results search engines provide on the "how to set up a crypto fund" query.
Learn More Now! >
How do you like the idea of taking someone else's money, using it in the crypto market, and returning it while shaving off a percentage of profits? By the way, you risk nothing, because the client is warned about the risks of the insane volatility inherent to the cryptocurrency market. Many people like this idea, and you would be surprised how many results search engines provide on the "how to set up a crypto fund" query.
Learn More Now! >
decenter.org
Legal Regulation of Crypto Funds
The ins and outs of establishing a crypto fund and all of the nuances related to the procedure.
To Divide or Not to Divide: The NEO Software Update Threatens to Split the Community
The NEO project, formerly known as Antshares, was founded in 2015 with the goal of creating a corporate-level blockchain with an emphasis on identity and smart contracts. After raising more than $3.7 million during the ICO and launching the main network in 2016, the project has already taken a place of honor among the long line of "new Ethereums."
Read More >
The NEO project, formerly known as Antshares, was founded in 2015 with the goal of creating a corporate-level blockchain with an emphasis on identity and smart contracts. After raising more than $3.7 million during the ICO and launching the main network in 2016, the project has already taken a place of honor among the long line of "new Ethereums."
Read More >
decenter.org
To Divide or Not to Divide: The NEO Software Update Threatens to Split the Community
NEO is on the verge of new developments as a software update looms and the community is not happy.
📨 #DeCenterDaily
💵 According to the ICORating’s latest report, 55% of the ICOs failed in Q2 2018.
via ccn
🤝 ShapeShift has announced the acquisition of Bitfract, a software producer that allows users to swap Bitcoin into a number of digital assets in one transaction.
via CoinDesk
🏦 Ledgerx has launched an interest-bearing Bitcoin savings platform.
via Bitcoin.com
📖 In a new study, Yale economists provide the “first-ever comprehensive economic analysis“ of cryptocurrency and the blockchain technology.
via Cointelegraph
🎵 Decentralized music-sharing protocol Audius has raised $5.5 million in a Series A funding round.
via TechCrunch
💵 According to the ICORating’s latest report, 55% of the ICOs failed in Q2 2018.
via ccn
🤝 ShapeShift has announced the acquisition of Bitfract, a software producer that allows users to swap Bitcoin into a number of digital assets in one transaction.
via CoinDesk
🏦 Ledgerx has launched an interest-bearing Bitcoin savings platform.
via Bitcoin.com
📖 In a new study, Yale economists provide the “first-ever comprehensive economic analysis“ of cryptocurrency and the blockchain technology.
via Cointelegraph
🎵 Decentralized music-sharing protocol Audius has raised $5.5 million in a Series A funding round.
via TechCrunch
Remember Nick Szabo’s words about trusted third parties being security holes?
Here is an interactive flow chart showing all of the third parties PayPal shares data with.
Here is an interactive flow chart showing all of the third parties PayPal shares data with.
Microsoft’s cloud platform Azure has introduced a Proof-of-Authority (PoA) consensus algorithm on its Ethereum blockchain product.
Learn More >
Learn More >
Microsoft
Ethereum Proof-of-Authority on Azure
We’ve had great traction with our support of Ethereum on Azure. The existing Proof-of-Work solution has been deployed tens of thousands of times across a variety of industry verticals.
What Is the Howey Test?
It is a test that determines whether a token is a security. There are three key elements:
• the presence of the fact of investing funds;
• whether the fate of the investment depends on the investors or the actions of other parties;
• the expectation of profit as a result of the activities of others.
Each element includes several characteristics, for which correspondence points are awarded. The more points (that is, the higher the probability that all three elements are executed for a token), the more the token corresponds to the definition of a security.
The test was introduced into the economic and legal field in the course of the SEC v. Howey precedent-setting case in 1946. In June 1945, Howey Company, a Florida farm that cultivated citrus in Lake County, decided to lease half of its land to "finance additional development." This was later deemed as a securities offering.
In 2016, Coinbase, Coin Center, Union Square Ventures, and Consensys suggested using the test in the blockchain industry.
By the way, it was this test that helped judge Andrea Simonton of the Southern District of Florida determine the security status of the CTR token, which was endorsed by boxer Floyd Mayweather.
#flashcards
It is a test that determines whether a token is a security. There are three key elements:
• the presence of the fact of investing funds;
• whether the fate of the investment depends on the investors or the actions of other parties;
• the expectation of profit as a result of the activities of others.
Each element includes several characteristics, for which correspondence points are awarded. The more points (that is, the higher the probability that all three elements are executed for a token), the more the token corresponds to the definition of a security.
The test was introduced into the economic and legal field in the course of the SEC v. Howey precedent-setting case in 1946. In June 1945, Howey Company, a Florida farm that cultivated citrus in Lake County, decided to lease half of its land to "finance additional development." This was later deemed as a securities offering.
In 2016, Coinbase, Coin Center, Union Square Ventures, and Consensys suggested using the test in the blockchain industry.
By the way, it was this test that helped judge Andrea Simonton of the Southern District of Florida determine the security status of the CTR token, which was endorsed by boxer Floyd Mayweather.
#flashcards
Insurance in the Crypto Industry: Is It Possible to Insure the Risks Associated with Bitcoin’s Volatility?
It is no secret that the cryptocurrency market is still highly risky. And it is not just about volatility, but also about hacking attacks aimed at both exchanges and individuals. Therefore, the situation with insurance of crypto assets is quite acute today. The insurance procedure itself, however, raises more questions than it grants answers. What exactly can we insure? How will the asset assessment process take place? Who can do it?
Learn More Now! >
It is no secret that the cryptocurrency market is still highly risky. And it is not just about volatility, but also about hacking attacks aimed at both exchanges and individuals. Therefore, the situation with insurance of crypto assets is quite acute today. The insurance procedure itself, however, raises more questions than it grants answers. What exactly can we insure? How will the asset assessment process take place? Who can do it?
Learn More Now! >
decenter.org
Insurance in the Crypto Industry: Is It Possible to Insure the Risks Associated with Bitcoin’s Volatility?
Is it possible to insure something that is as volatile as a pure spirit left under the sun?
The Rial Is Falling and the Volume of Crypto Investments Is Growing
Last week, Iran's national currency, the rial, fell to a record low against the U.S. dollar. 112,000 rials is being offered on the black market for 1 U.S. dollar. In general, the national currency has devalued by three times over the year.
Read More >
Last week, Iran's national currency, the rial, fell to a record low against the U.S. dollar. 112,000 rials is being offered on the black market for 1 U.S. dollar. In general, the national currency has devalued by three times over the year.
Read More >
decenter.org
The Rial Is Falling and the Volume of Crypto Investments Is Growing
The Iranian rial may be spiraling down the economic drain, but cryptos are saving the Iranian people.
📨 #DeCenterDaily
🇦🇺 Commonwealth Bank of Australia (CBA) has been mandated by the World Bank to arrange a blockchain-based bond issue.
via ccn
👀 Binance unveiled the platform’s first look at its upcoming decentralized exchange (DEX).
via Cointelegraph
💵 Chinese private equity firm will invest $270 million in Overstock blockchain subsidiary.
via Forbes
🇨🇳 Tencent is piloting the blockchain technology on its WeChat app to speed up reimbursement of expenses for company employees.
via CoinDesk
🇺🇦 Ukrainian authorities consider introducing a 5% tax on cryptocurrency income.
via Bitcoin.com
🇦🇺 Commonwealth Bank of Australia (CBA) has been mandated by the World Bank to arrange a blockchain-based bond issue.
via ccn
👀 Binance unveiled the platform’s first look at its upcoming decentralized exchange (DEX).
via Cointelegraph
💵 Chinese private equity firm will invest $270 million in Overstock blockchain subsidiary.
via Forbes
🇨🇳 Tencent is piloting the blockchain technology on its WeChat app to speed up reimbursement of expenses for company employees.
via CoinDesk
🇺🇦 Ukrainian authorities consider introducing a 5% tax on cryptocurrency income.
via Bitcoin.com
Litecoin (LTC) transactions are now available via Telegram.
Tweet: https://goo.gl/2Y5Ewo
Tweet: https://goo.gl/2Y5Ewo
IBM and Danish transport and logistics giant Maersk have rolled out their global blockchain-powered shipping solution.
There are 92 organizations involved and 154 million shipping events already captured.
Read More >
There are 92 organizations involved and 154 million shipping events already captured.
Read More >
Who Are Market Makers and Market Takers?
Market makers generally try to buy at the current best bid or sell at the current best offer, i.e., they are making a market that is reflected in the current last price. Market makers are almost always willing to buy or sell but may be inclined to step away in times of extreme volatility.
Market takers are less concerned with executing at the best bid or offer. Instead, they seek liquidity and immediacy, which is enhanced by the constant availability of a tight bid/ask spread created by the market makers.
Some cryptocurrency exchanges charge different fees based on whether a trader is a market maker or a market taker.
• When you place an order that is immediately filled in its entirety (for example a market or stop order) you are a “taker,” and you pay a “taker” fee for this. The idea is that you are “taking” the price you want, right now, generally by buying or selling limit orders sitting on the books.
• Meanwhile, when you place an order that doesn’t fill immediately (like a limit order), you are a “maker,” and you can expect to pay a reduced “maker” fee for this. This terminology comes from the fact that placing limit orders on the books helps to “make the market,” (it makes you a “market maker”).
#flashcards
Market makers generally try to buy at the current best bid or sell at the current best offer, i.e., they are making a market that is reflected in the current last price. Market makers are almost always willing to buy or sell but may be inclined to step away in times of extreme volatility.
Market takers are less concerned with executing at the best bid or offer. Instead, they seek liquidity and immediacy, which is enhanced by the constant availability of a tight bid/ask spread created by the market makers.
Some cryptocurrency exchanges charge different fees based on whether a trader is a market maker or a market taker.
• When you place an order that is immediately filled in its entirety (for example a market or stop order) you are a “taker,” and you pay a “taker” fee for this. The idea is that you are “taking” the price you want, right now, generally by buying or selling limit orders sitting on the books.
• Meanwhile, when you place an order that doesn’t fill immediately (like a limit order), you are a “maker,” and you can expect to pay a reduced “maker” fee for this. This terminology comes from the fact that placing limit orders on the books helps to “make the market,” (it makes you a “market maker”).
#flashcards
In his recent interview published in the July-August issue of the Harvard Business Review, JPMorgan Chase CEO Jamie Dimon has said that the biggest potential disruption to banking giant’s business is new forms of payment, later adding that the company is currently piloting the blockchain technology.
Read Interview >
Read Interview >
Harvard Business Review
“Managers Don’t Have All the Answers”
A conversation with JPMorgan Chase CEO Jamie Dimon
Singapore-based venture capital firm Golden Gate Ventures will launch a $10 million fund to invest in cryptocurrency and blockchain technology startups.
Read More >
Read More >
Cointelegraph
Singapore: Venture Capital Firm to Launch $10 Million Crypto, Blockchain Investment Fund
Singapore-based Golden Gate Ventures will launch a $10 million global fund for blockchain and cryptocurrency companies.
📨 #DeCenterDaily
🎩 Facebook’s David Marcus resigns from Coinbase’s board.
via VentureBeat
📊 According to the new study, Malta, Belize, and Seychelles are topping the exchange-based crypto trade chart.
via Bitcoin.com
🇨🇳 China’s Communist Party has released the book noscriptd Blockchain—A Guide for Officials.
via CoinDesk
🇺🇸 The U.S. Financial Crimes Enforcement Network (FinCEN) is now receiving more filings of crypto-related Suspicious Activity Reports (SARs).
via Cointelegraph
🔚 On September 10, BitConnect’s token will get removed from the last cryptocurrency exchange that traded it.
via ccn
🎩 Facebook’s David Marcus resigns from Coinbase’s board.
via VentureBeat
📊 According to the new study, Malta, Belize, and Seychelles are topping the exchange-based crypto trade chart.
via Bitcoin.com
🇨🇳 China’s Communist Party has released the book noscriptd Blockchain—A Guide for Officials.
via CoinDesk
🇺🇸 The U.S. Financial Crimes Enforcement Network (FinCEN) is now receiving more filings of crypto-related Suspicious Activity Reports (SARs).
via Cointelegraph
🔚 On September 10, BitConnect’s token will get removed from the last cryptocurrency exchange that traded it.
via ccn
The giant of cryptocurrency mining, Bitmain, is planning to go public and is targeting a valuation of $40-50 billion.
Read More >
Read More >
CoinDesk
Crypto Unicorn Bitmain Weighs $18 Billion IPO, One of World's Largest
Bitmain is going public in China. The IPO might make it one of the most valuable startups, cryptocurrency or not, to ever debut on the public markets.
What Is Margin Trading?
Margin trading is one of the most profitable, but at the same time, the riskiest of strategies. In margin trading, a crypto trader takes a loan from a broker, most often represented by an exchange, and provides collateral—the margin. At the same time, interest is charged for using the loan. But in this way, margin trading allows one to buy a cryptocurrency in excess of the balance of the trader. To make a deal, a trader has a margin account on the exchange, where funds act as a guarantee to the lender. A tool that allows one to trade amounts that exceed one’s own funds is called leverage. The size of the maximum possible leverage is established by the exchange operator.
#flashcards
Margin trading is one of the most profitable, but at the same time, the riskiest of strategies. In margin trading, a crypto trader takes a loan from a broker, most often represented by an exchange, and provides collateral—the margin. At the same time, interest is charged for using the loan. But in this way, margin trading allows one to buy a cryptocurrency in excess of the balance of the trader. To make a deal, a trader has a margin account on the exchange, where funds act as a guarantee to the lender. A tool that allows one to trade amounts that exceed one’s own funds is called leverage. The size of the maximum possible leverage is established by the exchange operator.
#flashcards
How Wall Street Can Strangle Hug Bitcoin
The game of cat and mouse continues. On August 7, the U.S. Securities and Exchange Commission (SEC) postponed its consideration of the application from the exchange Cboe BZX, which asks to change the rules so that Bitcoin ETFs from the VanEck SolidX Bitcoin Trust could be released to the market. The question was postponed until September 30, and by its shift, the SEC follows the same path that led to the rejection of the ETF which the Winklevoss brothers, the owners of several hundred-thousand Bitcoins, had asked for. And yet, an ETF is likely to be approved, if not from the Winklevoss brothers or the Cboe BZX, then from other applicants. And if this does not happen in the current year, then it will in the next year for sure. The investment fund Canaccord Genuity is certain of this, where they consider the approximate date of ETF approval to be March 2019. A closer date of February 27 of next year is also voiced by lawyer Jake Chervinsky.
Learn More Now! >
The game of cat and mouse continues. On August 7, the U.S. Securities and Exchange Commission (SEC) postponed its consideration of the application from the exchange Cboe BZX, which asks to change the rules so that Bitcoin ETFs from the VanEck SolidX Bitcoin Trust could be released to the market. The question was postponed until September 30, and by its shift, the SEC follows the same path that led to the rejection of the ETF which the Winklevoss brothers, the owners of several hundred-thousand Bitcoins, had asked for. And yet, an ETF is likely to be approved, if not from the Winklevoss brothers or the Cboe BZX, then from other applicants. And if this does not happen in the current year, then it will in the next year for sure. The investment fund Canaccord Genuity is certain of this, where they consider the approximate date of ETF approval to be March 2019. A closer date of February 27 of next year is also voiced by lawyer Jake Chervinsky.
Learn More Now! >
decenter.org
How Wall Street Can Strangle Hug Bitcoin
Too much anticipation around the arrival of ETFs to the market can strangle cryptos to death.
Havven's Stablecoin: Technology, Security, Philosophy
The Havven project, which brings together a decentralized payment network and a stablecoin, announced that it is going to release its nUSD stablecoin on the EOS blockchain by the end of this year. At the same time, the startup does not plan to abandon the Ethereum network. Instead, nUSD will become a cross-platform stablecoin, which will exist in parallel on two blockchains and will allow transfers between decentralized platforms without the intermediation of exchanges. 50 percent of the new Havven tokens created on Ethereum will be distributed among current Havven holders during the airdrop (the minimum amount of Havven a user must have to receive new coins is not yet determined).
Continue Reading >
The Havven project, which brings together a decentralized payment network and a stablecoin, announced that it is going to release its nUSD stablecoin on the EOS blockchain by the end of this year. At the same time, the startup does not plan to abandon the Ethereum network. Instead, nUSD will become a cross-platform stablecoin, which will exist in parallel on two blockchains and will allow transfers between decentralized platforms without the intermediation of exchanges. 50 percent of the new Havven tokens created on Ethereum will be distributed among current Havven holders during the airdrop (the minimum amount of Havven a user must have to receive new coins is not yet determined).
Continue Reading >
decenter.org
Havven's Stablecoin: Technology, Security, Philosophy
Another crypto philosopher and another stablecoin—Havven is coming.
📨 #DeCenterDaily
📉 Bitcoin sinks below $6,000 as almost everything crypto tumbles.
via Bloomberg
🇪🇺 The European Parliament’s Committee on Economic and Monetary Affairs suggests new regulations for public initial coin offerings (ICOs).
via CoinDesk
👁 “We don’t list shitcoins even if they pay 400 or 4,000 BTC,” said Changpeng Zhao, the head of Binance.
via Bitcoin.com
🇺🇸 Customers can now use Cash App to buy Bitcoin in all fifty states.
via ccn
🤔 A group of researchers claims to have hacked the Bitfi wallet despite the company’s executive chairman, John McAfee, calling it “the world’s first unhackable device.”
via The Next Web
📉 Bitcoin sinks below $6,000 as almost everything crypto tumbles.
via Bloomberg
🇪🇺 The European Parliament’s Committee on Economic and Monetary Affairs suggests new regulations for public initial coin offerings (ICOs).
via CoinDesk
👁 “We don’t list shitcoins even if they pay 400 or 4,000 BTC,” said Changpeng Zhao, the head of Binance.
via Bitcoin.com
🇺🇸 Customers can now use Cash App to buy Bitcoin in all fifty states.
via ccn
🤔 A group of researchers claims to have hacked the Bitfi wallet despite the company’s executive chairman, John McAfee, calling it “the world’s first unhackable device.”
via The Next Web