Cryptocurrency trading and payments will not be subject to taxation in Portugal, according to the country’s tax authority.

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📨 #DeCenterDaily

💵 Billionaire-owned investment firm Elwood Asset Management plans to launch a USD 1 billion venture that will focus on cryptocurrency hedge funds.
via The Block

🗓 Telegram Open Network (TON) is reportedly expected to release the code needed to run a node on its blockchain on September 1.
via CoinDesk

🇨🇳 No bank account will reportedly be necessary to use China’s central bank digital currency (CBDC).
via Cointelegraph

🔐 Decred cryptocurrency has launched a privacy mixing feature.
via Modern Consensus

🤝 Ethereum client Besu has become the latest project to join the Hyperledger family.
via Decrypt

Bitcoin’s Lightning Network has been found to have some security vulnerabilities.

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#CryptoCaselawMinute No. 51.

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📨 #DeCenterDaily

♻️ Telegram Open Network (TON) will be compatible with Ethereum blockchain, according to sources familiar with the matter.
via CoinDesk

👨‍⚖️ Craig S Wright intends to appeal a USD 5 billion ruling.
via Modern Consensus

🇹🇭 Thailand-based cryptocurrency exchange Bitcoin Co. has abruptly shut down.
via The Block

🇧🇷 Brazil’s leading payment processor has started accepting Bitcoin.
via Decrypt

🇨🇳 Top cryptocurrency exchange Binance released its predictions about China’s upcoming stablecoin.
via Modern Consensus

Philippine boxing champion Manny Pacquiao has launched his own cryptocurrency.

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Major cryptocurrency exchange Binance has acquired a digital asset derivatives trading platform.

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📨 #DeCenterDaily

🗓 VanEck and SolidX are reportedly going to sell a “limited version” of Bitcoin ETF to institutional investors soon.
via The Block

🏦 HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.
via CoinDesk

💵 Tether plans to release a version of the stablecoin backed by a basket of commodities.
via Cointelegraph

📈 Bitcoin’s dominance rate has reached a 30-month high.
via CoinDesk

🇯🇵 Crypto inquiries in Japan continue to drop for the fifth quarter in a row.
via The Block

Germany-based Burger King now accepts Bitcoin payments in its delivery website and mobile application.

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Big four accountant PricewaterhouseCoopers (PwC) will enable its customers to pay with Bitcoin starting October 1.

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📨 #DeCenterDaily

👛 Major cryptocurrency wallet provider Blockchain dot com is reportedly raising USD 50 million for a venture capital fund.
via The Block

🗣 Blockchain forensics firm Elliptic has raised USD 23 million in a Series B funding round led by SBI Holdings.
via CoinDesk

🇺🇸 U.S. asset management firm Franklin Templeton Investments has filed a preliminary prospectus with the SEC for a government money market fund with a focus on blockchain-based shares.
via Cointelegraph

📑 According to a survey by financial analytics company Cindicator, the biggest threat to Libra could be Amazon’s crypto project.
via ccn

📝 Blockchain has become the newest of the 28 technologies on the 2019 Gartner Hype Cycle for Digital Marketing and Advertising.
via Modern Consensus

Christine Lagarde, a former chief of the International Monetary Fund (IMF) and currently a nominee for the presidency of the European Central Bank, has called for a measured approach to monitoring digital currencies.

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📨 #DeCenterDaily

🔋 Sinochem Energy Technology Co Ltd. is reportedly holding negotiations with Royal Dutch Shell and Macquarie Group regarding the joint development of an energy blockchain platform.
via Reuters

📱 Samsung is rolling out a new Galaxy Note 10 edition that will come with a pre-installed cryptocurrency wallet.
via CoinDesk

🇺🇸 The U.S. National Security Agency (NSA) is supposedly working on a quantum-resistant cryptocurrency.
via Cointelegraph

🗣 Vitalik Buterin has expressed “strong confidence” about phase zero of Ethereum 2.0.
via Decrypt

⏬ Coinbase and Ripple have lost their spots on LinkedIn’s top 10 U.S. startups list.
via The Block

Apple Pay vice president Jennifer Bailey has told CNN that Apple is “watching cryptocurrency.”

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So there is a question if a BIP, native coin of Minter, should be stable, valued at $1 for example. The answer is simple: Hell, No!

The nature of money is to be adjustable to the needs of people, or agents as typically referred in economic theories. Money as a grand child of goods must be valued by the demand in the community, and every stabilisation, I mean to the cent, is simply making a market unfair for some of us. When we talk about pegged or algorithmic crypto-dollars we are not stabilising the situation but rather bringing it to one simple understanding for everyone. As then we all convert USD to our local currencies or use it to value services.
BIP can and will be used to create stable coins, but only to serve niche need of communities, projects and countries. And those coins will be stable regardless of the ventures in relatively outside world. For example USD is pretty stable for US citizens but doubled in price for Russians and Ukrainians.

Stability is the key to success of any economy, but comes as a result, but not a goal.

☝🏻 Subscribe for more cryptonomics-related insights! @egordeev

📨 #DeCenterDaily

💵 Paxos Trust has partnered with Binance to launch a U.S. dollar-pegged stablecoin (BUSD).
via Modern Consensus

🐋 In a recent move, whales have transferred over USD 1 billion worth of Bitcoin to a single wallet.
via Decrypt

🇯🇵 The blockchain arm of a Japanese messaging giant LINE has been granted a cryptocurrency exchange operating license from the country’s Financial Services Agency (FSA).
via Cointelegraph

🇨🇳 There are signs that Chinese locals are increasingly moving funds into Bitcoin due to the ongoing trade war with the U.S.
via CoinDesk

🇲🇹 The Malta Financial Services Authority (MFSA) is set to closely monitor cryptocurrency activity in order to prevent money laundering.
via The Block

A rap battle we deserve 🎤😎
https://youtu.be/JaMJi1_1tkA

#CryptoCaselawMinute No. 52.

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