Huobi Capital-backed cryptocurrency startup Stable Universal is launching a new U.S. dollar-pegged stablecoin with Paxos as its custody partner.
Read More »
Read More »
The Block
Huobi backs new stablecoin under Paxos custody, eyeing regulated stablecoin market opening left by Tether
Legal strife around Tether and continual regulatory skepticism surrounding Facebook’s Libra project might have chilled the stablecoin market, however, the competition in this space is still heating up. Huobi Capital-backed crypto startup Stable Universal…
Watch the United States House of Representatives Financial Services Committee’s Libra hearing as it is happening live.
https://t.co/qnmhFa9GvK
https://t.co/qnmhFa9GvK
Periscope
Bloomberg @business
LIVE: Facebook's David Marcus Testifies on Libra Before the House
Forwarded from Minter Network
The alpha version of the #mbank project
https://bip.dev
Here you can buy/sell BIP and custom coins for BTC.
Functionality:
– Deals are automated, and all participants are guaranteed to receive the funds;
– There are no commission fees, neither with Bitcoin nor with Minter-based coins. The exchange operation itself also comes free of charge;
– The price is fixed at the moment you send Bitcoin. Even if a transaction takes 24 hours to complete and the price changes during this period, a buyer gets no less than anticipated;
– Any user can place a sell order of any volume* and at any price per unit. This applies to all coins issued in the Minter network;
– For each order, a unique link is generated. One can use it to buy a specified volume at a specified price per unit from a specific seller;
– The link will be useful for Projects as they will be able to put it on their websites, in apps or bots;
– You cannot cancel your order. If coins are not sold in seven days, however, they will be returned to your address. Again, at no additional cost;
– If the price you have set falls within the current range indicated on the homepage, buyers will purchase coins that cost less in the first place.
While you all test this alpha version at your own risk, we have already started working on the beta. With it, we intend to enable you to buy BIP with any credit card. We will also add support for major cryptocurrencies, both for selling and buying.
For all of us, this service is experimental, the first in a slew of Liquidity Providers. Once we have put all the features to the test, we will start gradually integrating it into BIP wallets to make all types of conversion available at one place—the one where you exchange Minter-based coins now.
The main feature that we plan to roll out within a month is letting projects sell BIP at the official price. For that, we will implement the price voting mechanism and mechanism for voting for the projects through COIN.
A couple of answers to the most frequently asked questions:
– As of today, one can only buy with Bitcoin;
– In case you are buying via a unique link, you do not have to purchase the whole volume. You can buy any amount, even the one surpassing that specified in the order. The system will match your order with the offer no worse than the actual one or send you an e-mail outlining how you can claim back the BTC that has not been spent;
– You can sell your custom coins at any price; it does not necessarily need to match the rates observed in the Minter network;
– If you save the top-up link, you can add more coins as you sell. This is convenient if you put up the link somewhere for a long time.
Now, the most interesting part for those who made it to the end of this post:
On the website, you see the average price of BIP, which is based on a large number of orders. When you send Bitcoin, the system guarantees that the coins you will get will cost no more than the indicative price. Actually, your Bitcoin will “collect” the cheapest orders first, meaning that eventually, you will receive 10–50% more. That is the price paid by those who deviate greatly from the average price—they create surplus captured by the buyers.
*ATTENTION: transactions containing less than 1,000 BIP do not count in the system and are not returned. Do not send less than 1,000 BIP or the equivalent amount of a custom coin. The price range limit for BIP is $0.01–0.32; for other coins, $0.01–1,000.
https://bip.dev
Here you can buy/sell BIP and custom coins for BTC.
Functionality:
– Deals are automated, and all participants are guaranteed to receive the funds;
– There are no commission fees, neither with Bitcoin nor with Minter-based coins. The exchange operation itself also comes free of charge;
– The price is fixed at the moment you send Bitcoin. Even if a transaction takes 24 hours to complete and the price changes during this period, a buyer gets no less than anticipated;
– Any user can place a sell order of any volume* and at any price per unit. This applies to all coins issued in the Minter network;
– For each order, a unique link is generated. One can use it to buy a specified volume at a specified price per unit from a specific seller;
– The link will be useful for Projects as they will be able to put it on their websites, in apps or bots;
– You cannot cancel your order. If coins are not sold in seven days, however, they will be returned to your address. Again, at no additional cost;
– If the price you have set falls within the current range indicated on the homepage, buyers will purchase coins that cost less in the first place.
While you all test this alpha version at your own risk, we have already started working on the beta. With it, we intend to enable you to buy BIP with any credit card. We will also add support for major cryptocurrencies, both for selling and buying.
For all of us, this service is experimental, the first in a slew of Liquidity Providers. Once we have put all the features to the test, we will start gradually integrating it into BIP wallets to make all types of conversion available at one place—the one where you exchange Minter-based coins now.
The main feature that we plan to roll out within a month is letting projects sell BIP at the official price. For that, we will implement the price voting mechanism and mechanism for voting for the projects through COIN.
A couple of answers to the most frequently asked questions:
– As of today, one can only buy with Bitcoin;
– In case you are buying via a unique link, you do not have to purchase the whole volume. You can buy any amount, even the one surpassing that specified in the order. The system will match your order with the offer no worse than the actual one or send you an e-mail outlining how you can claim back the BTC that has not been spent;
– You can sell your custom coins at any price; it does not necessarily need to match the rates observed in the Minter network;
– If you save the top-up link, you can add more coins as you sell. This is convenient if you put up the link somewhere for a long time.
Now, the most interesting part for those who made it to the end of this post:
On the website, you see the average price of BIP, which is based on a large number of orders. When you send Bitcoin, the system guarantees that the coins you will get will cost no more than the indicative price. Actually, your Bitcoin will “collect” the cheapest orders first, meaning that eventually, you will receive 10–50% more. That is the price paid by those who deviate greatly from the average price—they create surplus captured by the buyers.
*ATTENTION: transactions containing less than 1,000 BIP do not count in the system and are not returned. Do not send less than 1,000 BIP or the equivalent amount of a custom coin. The price range limit for BIP is $0.01–0.32; for other coins, $0.01–1,000.
📨 #DeCenterDaily
🇺🇸 “We’re going to make sure that Bitcoin doesn’t become the equivalent of Swiss-numbered bank accounts,” the U.S. Department of the Treasury Secretary Steven Mnuchin told CNBC.
via CNBC
🇯🇵 Japan is reportedly set to lead the development of SWIFT network for cryptocurrency.
via Reuters
🇨🇭 One of the oldest Switzerland-based cryptocurrency brokers has applied for banking and securities licenses.
via CoinDesk
📊 Major U.S. digital asset trading platform Coinbase has released data tools for beginner crypto investors.
via Cointelegraph
💰 Cryptocurrency exchange Binance found that it had generated $775,000 worth of XLM through staking and will now distribute the sum among its users holding the token.
via Decrypt
🇺🇸 “We’re going to make sure that Bitcoin doesn’t become the equivalent of Swiss-numbered bank accounts,” the U.S. Department of the Treasury Secretary Steven Mnuchin told CNBC.
via CNBC
🇯🇵 Japan is reportedly set to lead the development of SWIFT network for cryptocurrency.
via Reuters
🇨🇭 One of the oldest Switzerland-based cryptocurrency brokers has applied for banking and securities licenses.
via CoinDesk
📊 Major U.S. digital asset trading platform Coinbase has released data tools for beginner crypto investors.
via Cointelegraph
💰 Cryptocurrency exchange Binance found that it had generated $775,000 worth of XLM through staking and will now distribute the sum among its users holding the token.
via Decrypt
Forwarded from Minter Network
🚀 We have launched the largest and fairest giveaway in Telegram's history! Join now and don't forget to invite your friends: t.me/MinterContestBot
Preston Byrne, a lawyer particularly famous in the cryptocurrency circles, published an article on Facebook’s Libra.
Read Now »
Read Now »
Preston Byrne
Thoughts on Facebook’s Libra Coin
Permissioned blockchains: where it all began Facebook’s Libra coin is to be built on a thing called a “permissioned blockchain.” Permissioned blockchains – i.e., blockchains that …
📨 #DeCenterDaily
🔎 Cryptocurrency exchange BitMEX is reportedly being probed by the U.S. Commodity Futures Trading Commission (CFTC).
via CoinDesk
👮♀️ U.S. authorities have seized $19 million worth of Bitcoin in a dark web drug probe.
via The Block
🤝 Digital asset derivatives provider ErisX has become a member of the U.S. Chamber of Digital Commerce.
via Cointelegraph
📉 According to a new report from CB Insights, investments in blockchain startups could end this year 60% lower than the previous one.
via Modern Consensus
📈 Cryptocurrency fund manager Grayscale’s assets under management have tripled over the last three months.
via Decrypt
🔎 Cryptocurrency exchange BitMEX is reportedly being probed by the U.S. Commodity Futures Trading Commission (CFTC).
via CoinDesk
👮♀️ U.S. authorities have seized $19 million worth of Bitcoin in a dark web drug probe.
via The Block
🤝 Digital asset derivatives provider ErisX has become a member of the U.S. Chamber of Digital Commerce.
via Cointelegraph
📉 According to a new report from CB Insights, investments in blockchain startups could end this year 60% lower than the previous one.
via Modern Consensus
📈 Cryptocurrency fund manager Grayscale’s assets under management have tripled over the last three months.
via Decrypt
Forwarded from Minter Network
Monke (Money Keyboard)
This is perhaps the most large-scale Minter-powered project to date. Your funds are now not limited to BIP Wallet, Console, or Telegram bot. With Monke, they are in any application of your choice, always at your fingertips, and can be accessed in the most easy-to-understand way—from your keyboard.
Now that you think of it, money is another information layer that individuals exchange on a daily basis. The number of transactions grows as money management becomes easier. What we aim to make is not a step but a leap toward user-friendliness—money has to be everywhere it is needed. The Minter network has many developments in this area, from instant transactions and conversion operations to checks that users can send to anyone who will later redeem them themselves.
Telegram will launch GRAM inside its messenger, and Facebook also plans to use the Libra coin within WhatsApp. Monke gives freedom to each and every one of your coins; freedom, which is embedded in all iOS apps. And later, Android.
Money has to be everywhere!
The project’s official coin is BANANA.
https://en.monke.io
#monke #banana
This is perhaps the most large-scale Minter-powered project to date. Your funds are now not limited to BIP Wallet, Console, or Telegram bot. With Monke, they are in any application of your choice, always at your fingertips, and can be accessed in the most easy-to-understand way—from your keyboard.
Now that you think of it, money is another information layer that individuals exchange on a daily basis. The number of transactions grows as money management becomes easier. What we aim to make is not a step but a leap toward user-friendliness—money has to be everywhere it is needed. The Minter network has many developments in this area, from instant transactions and conversion operations to checks that users can send to anyone who will later redeem them themselves.
Telegram will launch GRAM inside its messenger, and Facebook also plans to use the Libra coin within WhatsApp. Monke gives freedom to each and every one of your coins; freedom, which is embedded in all iOS apps. And later, Android.
Money has to be everywhere!
The project’s official coin is BANANA.
https://en.monke.io
#monke #banana
Monke Eng
Monke the money keyboard. Powered by Minter.
“This week’s #CryptoCaselawMinute covers an alleged loss of a lot of Bitcoin that its owner forgot about, a case involving the bazingamoola ICO done by Telegram, and yet another escrow gone wrong. Maybe escrow is not always a great idea? Enjoy!”
Read Now »
Read Now »
Medium
Crypto Caselaw Minute #45–7/18/19
This week’s CCM is dafdsfasdf
📨 #DeCenterDaily
🇺🇸 The Financial Industry Regulatory Authority (FINRA) has requested member firms to keep sharing information about their cryptocurrency activities.
via The Block
🇰🇷 Users from South Korea have lost USD 2.3 billion to cryptocurrency scams over the last two years.
via The Korea Herald
🦅 Fidelity Digital Assets Services (FDAS) has officially applied to operate in New York as a trust.
via The Block
📱 “Big four” international professional services firm KPMG has teamed up with Microsoft and R3 on a telecoms blockchain.
via CoinDesk
🏦 Bank of America (BoA) has filed for a patent for a settlement system citing the Ripple ledger.
via Cointelegraph
🇺🇸 The Financial Industry Regulatory Authority (FINRA) has requested member firms to keep sharing information about their cryptocurrency activities.
via The Block
🇰🇷 Users from South Korea have lost USD 2.3 billion to cryptocurrency scams over the last two years.
via The Korea Herald
🦅 Fidelity Digital Assets Services (FDAS) has officially applied to operate in New York as a trust.
via The Block
📱 “Big four” international professional services firm KPMG has teamed up with Microsoft and R3 on a telecoms blockchain.
via CoinDesk
🏦 Bank of America (BoA) has filed for a patent for a settlement system citing the Ripple ledger.
via Cointelegraph
Institutional digital asset trading platform Bakkt will start testing its physically-delivered Bitcoin futures contract today, on Monday, July 22, 2019.
Learn More »
Learn More »
CoinDesk
Bakkt Is Scheduled to Start Testing Its Bitcoin Futures Contracts Today
Bakkt is scheduled to begin testing its bitcoin futures contracts Monday, more than six months after its originally planned launch date.
Forwarded from Minter Network
Now to the important news. Minter Development Foundation, a U.S.-based company representing the interests of the network and DAO, has successfully opened accounts in several U.S. banks and corporate accounts on U.S. exchanges. No, it is not that our keyboard has only “U” and “S” letters; we intentionally highlighted the initialism “U.S.” for three times. The reason is, it is the world’s largest, most progressive, and most promising crypto market. We are perhaps among those few projects that reached it so fast. Starting fall 2019, we will begin exchanging BIP for U.S. dollars and officially running the ad and PR campaigns in the U.S., Canada, and Mexico on all platforms available—for example, Facebook and Google.
Operating as a U.S.-based non-stock, non-profit foundation, we will have every chance to be listed specifically on regulated U.S. crypto exchanges as it is easiest for them to add projects with comprehensive and legally-compliant roots. But we aim for a much more exciting trading format, which is ETFs. If you do not know what that is, just google it and rejoice. Because a coin stored in the wallets on the exchanges is one thing. An asset that is included in the portfolios of the world’s largest investment firms is another. And where do those shops primarily operate? Right! In the U.S.
Only proper legal structure, transparent financial flows, and the legality of the business will allow us to hire special agents that will be drafting our ETF application, prove its viability to the SEC, and combat rejection should it occur. The process is lengthy, but in the long run, it is the only one that matters if we are to build the full-fledged Internet of Money.
#US #foundation #ETF
Operating as a U.S.-based non-stock, non-profit foundation, we will have every chance to be listed specifically on regulated U.S. crypto exchanges as it is easiest for them to add projects with comprehensive and legally-compliant roots. But we aim for a much more exciting trading format, which is ETFs. If you do not know what that is, just google it and rejoice. Because a coin stored in the wallets on the exchanges is one thing. An asset that is included in the portfolios of the world’s largest investment firms is another. And where do those shops primarily operate? Right! In the U.S.
Only proper legal structure, transparent financial flows, and the legality of the business will allow us to hire special agents that will be drafting our ETF application, prove its viability to the SEC, and combat rejection should it occur. The process is lengthy, but in the long run, it is the only one that matters if we are to build the full-fledged Internet of Money.
#US #foundation #ETF
📨 #DeCenterDaily
🏦 Central bank digital currencies (CBDCs) could solve the “competition issues” in the cryptocurrency sector.
via The Block
🇩🇪 BaFIN has approved a $280 million Ethereum-based token sale.
via CoinDesk
👨⚖️ Bitfinex and Tether have doubled down on their previous claim regarding the absence of New York residents among their clientele.
via Cointelegraph
🇮🇷 Iran has legalized cryptocurrency mining activities.
via ccn
🗓 Tron’s Justin Sun had to postpone his charity lunch with Warren Buffett due to health issues.
via Decrypt
🏦 Central bank digital currencies (CBDCs) could solve the “competition issues” in the cryptocurrency sector.
via The Block
🇩🇪 BaFIN has approved a $280 million Ethereum-based token sale.
via CoinDesk
👨⚖️ Bitfinex and Tether have doubled down on their previous claim regarding the absence of New York residents among their clientele.
via Cointelegraph
🇮🇷 Iran has legalized cryptocurrency mining activities.
via ccn
🗓 Tron’s Justin Sun had to postpone his charity lunch with Warren Buffett due to health issues.
via Decrypt
Motion to dismiss an AT&T lawsuit concerning an alleged $24 million SIM-swapping hack has been rejected.
Read More »
Read More »
The Block
Judge rejects motion to dismiss AT&T lawsuit concerning $24m SIM-swapping hack
AT&T Mobility will need to answer to a lawsuit filed by a cryptocurrency investor who lost millions in a SIM-swapping hack. A Los Angeles federal judge rejected the motion to dismiss the lawsuit against the telecoms giant on Monday, according to a press release.…
The New York State Department of Financial Services (NYDFS) is forming a dedicated division that will be engaged in the oversight of cryptocurrency businesses.
Learn More »
Learn More »
CoinDesk
New NYDFS Division to Oversee Licensing for Cryptocurrency Startups
The Research and Innovation Division will include an in-house team that supervises cryptocurrencies.
📨 #DeCenterDaily
🗣 No Libra Association member has officially joined the project yet, according to the chairman and CEO of Visa.
via The Block
🇺🇸 The Senate Banking Committee will hold a hearing on cryptocurrency and blockchain regulation.
via CoinDesk
📱 Ethereum wallet MetaMask has released a public beta version of its mobile application.
via The Block
👛 Civic and BitGo have teamed up to develop a new wallet for crypto and identity data storage.
via Cointelegraph
🇳🇴 Norwegian Air is set to start accepting Bitcoin and open its own cryptocurrency exchange.
via Decrypt
🗣 No Libra Association member has officially joined the project yet, according to the chairman and CEO of Visa.
via The Block
🇺🇸 The Senate Banking Committee will hold a hearing on cryptocurrency and blockchain regulation.
via CoinDesk
📱 Ethereum wallet MetaMask has released a public beta version of its mobile application.
via The Block
👛 Civic and BitGo have teamed up to develop a new wallet for crypto and identity data storage.
via Cointelegraph
🇳🇴 Norwegian Air is set to start accepting Bitcoin and open its own cryptocurrency exchange.
via Decrypt
The New York Times intends to utilize IBM’s blockchain technology to combat the dissemination of fake news.
Find Out More »
Find Out More »
NY Times
Introducing the News Provenance Project
The Times’s Research & Development team is exploring ways to make the origins of journalistic content clearer to news audiences.