Forwarded from Minter Network
Minter USA Roadmap Preview
TL;DR BIP will be listed after SEC’s approval; we’re working to get one.
What’s up, everyone? Below is a short summary of our upcoming U.S. expansion:
• MDF will be responsible for promoting projects in the U.S. The project teams qualifying for the MDF support will enter into multilateral agreements with MDF;
• The best projects will undergo due diligence conducted by our legal team to obtain a special status;
• MDF is also preparing for BIP to be adopted by U.S. exchanges;
• During the preparation of BIP listing, no steps will be made towards increasing trading volumes and activity. All relevant developments—such as MBank and payment processing for the projects—will be conducted in the E.U.;
• The development and maintenance of the blockchain core will be performed by Grom, a U.S. organization led by Mr. Daniil Lashin;
• We are mounting the most serious efforts to approach the SEC with our project.
Now, more details:
The full version of our U.S. roadmap is still in progress, getting reviewed by our legal team. But we can already share the main points:
• As part of the Minter Development Foundation activity, a master agreement is being drafted for all parties in the Minter network that will be entered into by everyone who
a. is willing to get support with creating and promoting their project in the U.S.,
b. is ready to follow specific rules and take specific responsibilities. There will be three categories of participants to the agreement: developers, liquidity providers, and users. This approach highlights those who are ready for transparent cooperation in the legal field. We assume that it is these projects that will be the first to gain most popularity within the Minter network.
• After being carefully analyzed from a legal perspective, the best projects will be awarded substantial marketing support from MDF amounting to hundreds of thousands of U.S. dollars. We kindly remind you that MDF itself abides by all relevant U.S. cryptocurrency regulations and hence has been allowed to open accounts on U.S. exchanges and in U.S. banks. The organization has also already made several successful conversion operations.
• Development of the blockchain core will be led by a new U.S.-based entity called Grom, with Mr. Daniil Lashin appointed as its head. Grom will focus exclusively on issues directly related to the blockchain, associated services, and integrations with other systems.
• Development of trading and payment processing tools will stay within the E.U., where Minter has been granted all necessary licenses & permits or where there is a lack of a corresponding regulatory framework. Products such as MBank will not be released until all final permissions from regulators have been obtained.
• MDF is engaged in listing BIP on cryptocurrency exchanges. At the moment, the priority is given to the U.S. institutions.
• We are not yet ready to reveal our plan regarding communication with the SEC, but please note that up until that moment, we will make no steps towards increasing BIP trading volumes and general trading activity. The popularization of the projects will be our primary objective.
• At MDF, Mr. Eugene Gordeev will continue his research on the concept of the Internet of Money and achievement of economic equality.
#MUSA
TL;DR BIP will be listed after SEC’s approval; we’re working to get one.
What’s up, everyone? Below is a short summary of our upcoming U.S. expansion:
• MDF will be responsible for promoting projects in the U.S. The project teams qualifying for the MDF support will enter into multilateral agreements with MDF;
• The best projects will undergo due diligence conducted by our legal team to obtain a special status;
• MDF is also preparing for BIP to be adopted by U.S. exchanges;
• During the preparation of BIP listing, no steps will be made towards increasing trading volumes and activity. All relevant developments—such as MBank and payment processing for the projects—will be conducted in the E.U.;
• The development and maintenance of the blockchain core will be performed by Grom, a U.S. organization led by Mr. Daniil Lashin;
• We are mounting the most serious efforts to approach the SEC with our project.
Now, more details:
The full version of our U.S. roadmap is still in progress, getting reviewed by our legal team. But we can already share the main points:
• As part of the Minter Development Foundation activity, a master agreement is being drafted for all parties in the Minter network that will be entered into by everyone who
a. is willing to get support with creating and promoting their project in the U.S.,
b. is ready to follow specific rules and take specific responsibilities. There will be three categories of participants to the agreement: developers, liquidity providers, and users. This approach highlights those who are ready for transparent cooperation in the legal field. We assume that it is these projects that will be the first to gain most popularity within the Minter network.
• After being carefully analyzed from a legal perspective, the best projects will be awarded substantial marketing support from MDF amounting to hundreds of thousands of U.S. dollars. We kindly remind you that MDF itself abides by all relevant U.S. cryptocurrency regulations and hence has been allowed to open accounts on U.S. exchanges and in U.S. banks. The organization has also already made several successful conversion operations.
• Development of the blockchain core will be led by a new U.S.-based entity called Grom, with Mr. Daniil Lashin appointed as its head. Grom will focus exclusively on issues directly related to the blockchain, associated services, and integrations with other systems.
• Development of trading and payment processing tools will stay within the E.U., where Minter has been granted all necessary licenses & permits or where there is a lack of a corresponding regulatory framework. Products such as MBank will not be released until all final permissions from regulators have been obtained.
• MDF is engaged in listing BIP on cryptocurrency exchanges. At the moment, the priority is given to the U.S. institutions.
• We are not yet ready to reveal our plan regarding communication with the SEC, but please note that up until that moment, we will make no steps towards increasing BIP trading volumes and general trading activity. The popularization of the projects will be our primary objective.
• At MDF, Mr. Eugene Gordeev will continue his research on the concept of the Internet of Money and achievement of economic equality.
#MUSA
📨 #DeCenterDaily
🏦 Wells Fargo intends to develop its own cryptocurrency on its own blockchain network.
via The Block
🏀 An NBA player reportedly plans to sell tokenized shares in his contract.
via Decrypt
🏠 Harbor has tokenized USD 100 million worth of real estate funds on the Ethereum blockchain.
via CoinDesk
🇨🇭 Facebook has met with a group of central bankers to discuss its Libra cryptocurrency.
via Modern Consensus
💰 The number of Bitcoin addresses holding USD 100,000 or more has hit an all-time high.
via Cointelegraph
🏦 Wells Fargo intends to develop its own cryptocurrency on its own blockchain network.
via The Block
🏀 An NBA player reportedly plans to sell tokenized shares in his contract.
via Decrypt
🏠 Harbor has tokenized USD 100 million worth of real estate funds on the Ethereum blockchain.
via CoinDesk
🇨🇭 Facebook has met with a group of central bankers to discuss its Libra cryptocurrency.
via Modern Consensus
💰 The number of Bitcoin addresses holding USD 100,000 or more has hit an all-time high.
via Cointelegraph
Forwarded from – Гордеев, что с криптой?
Mass Adoption
If everything goes as I’ve planned, by the end of year 2020, U.S. citizens will be able to pay in stores and shops with instant conversion of BIPs and any other Minter-issued coins. And I’m talking about the likes of Starbucks and Whole Foods.
If everything goes as I’ve planned, by the end of year 2020, U.S. citizens will be able to pay in stores and shops with instant conversion of BIPs and any other Minter-issued coins. And I’m talking about the likes of Starbucks and Whole Foods.
📨 #DeCenterDaily
📑 VanEck and SolidX have withdrawn their application to launch a Bitcoin exchange-traded fund (ETF) from the SEC.
via The Block
🇯🇵 Japanese messaging giant LINE has officially launched a cryptocurrency exchange for its 80 million users.
via CoinDesk
👁🗨 Binance is set to add lending support for privacy coins as soon as this week.
via Cointelegraph
🇦🇷 Huobi Group has announced the launch of its new division in Argentina.
via Decrypt
🚀 Blockchain satellite startup SpaceChain has won a grant from the European Space Agency (ESA).
via CoinDesk
📑 VanEck and SolidX have withdrawn their application to launch a Bitcoin exchange-traded fund (ETF) from the SEC.
via The Block
🇯🇵 Japanese messaging giant LINE has officially launched a cryptocurrency exchange for its 80 million users.
via CoinDesk
👁🗨 Binance is set to add lending support for privacy coins as soon as this week.
via Cointelegraph
🇦🇷 Huobi Group has announced the launch of its new division in Argentina.
via Decrypt
🚀 Blockchain satellite startup SpaceChain has won a grant from the European Space Agency (ESA).
via CoinDesk
Citibank, IBM, and Ubisoft have struck a partnership with a Singapore-government-backed blockchain accelerator.
Find Out More »
Find Out More »
The Block
Citibank, IBM partner with government-backed blockchain accelerator
Banking major Citi, tech giant IBM and French video game company Ubisoft have joined as corporate partners of the Singapore government-backed blockchain
Forwarded from Minter Network
#MBANK enters another testing phase:
– Orders will be limited to a minimum of 100 BIP
– If not filled, they will be returned in 24 hours
– The price corridor will be set at 1–32 U.S. cents
We will release the update as soon as today. After fiat gateways have connected to this version, users will be able to pay with bank cards.
The goal is to provide maximum freedom when exchanging Bitcoin for BIP—e.g., appealing rate, high speed and reliability, and lack of fees.
We are also announcing the upcoming launch of a referral program.
– Orders will be limited to a minimum of 100 BIP
– If not filled, they will be returned in 24 hours
– The price corridor will be set at 1–32 U.S. cents
We will release the update as soon as today. After fiat gateways have connected to this version, users will be able to pay with bank cards.
The goal is to provide maximum freedom when exchanging Bitcoin for BIP—e.g., appealing rate, high speed and reliability, and lack of fees.
We are also announcing the upcoming launch of a referral program.
📨 #DeCenterDaily
🇺🇸 The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against ICOBox and its founder over a USD 14 million initial coin offering.
via Decrypt
👨⚖️ An early Ethereum blockchain backer and former paid adviser to tZero has been charged with extortion.
via CoinDesk
🇨🇭 Arab Bank Switzerland has started offering trading and custody services for Bitcoin and Ether.
via The Block
🇦🇪 The Ministry of Health and Prevention of the United Arab Emirates has launched a blockchain-powered system.
via Cointelegraph
🇵🇭 A crypto-friendly economic zone in the Philippines is changing due to a case involving one of its licensed cryptocurrency trading platforms.
via Bitcoin.com
🇺🇸 The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against ICOBox and its founder over a USD 14 million initial coin offering.
via Decrypt
👨⚖️ An early Ethereum blockchain backer and former paid adviser to tZero has been charged with extortion.
via CoinDesk
🇨🇭 Arab Bank Switzerland has started offering trading and custody services for Bitcoin and Ether.
via The Block
🇦🇪 The Ministry of Health and Prevention of the United Arab Emirates has launched a blockchain-powered system.
via Cointelegraph
🇵🇭 A crypto-friendly economic zone in the Philippines is changing due to a case involving one of its licensed cryptocurrency trading platforms.
via Bitcoin.com
Abra will start selling cryptocurrency for cash at 6,000 outlets across the Philippines.
Find Out More »
Find Out More »
Coindesk
Abra to Add Cash-to-Crypto Outlets at All Philippines 7-Elevens
Investment app provider Abra is to sell cryptocurrency for cash at 6,000 outlets across the Philippines, including all 7-Eleven stores.
📨 #DeCenterDaily
📑 Bitwise Asset Management met with the U.S. Securities and Exchange Commission to convince the authority on its Bitcoin exchange-traded fund proposal.
via The Block
🏦 “It’s faster than SWIFT, cheaper, and definitely more efficient.”
via CoinDesk
👨⚖️ Ripple’s legal representatives have filed a motion to dismiss a lawsuit over an alleged sale of unregistered securities.
via Cointelegraph
🇺🇸 The NDAA has called for research into military applications for the blockchain technology.
via Decrypt
🇰🇵 North Korea is reportedly planning to develop a cryptocurrency of its own to bypass economic sanctions imposed by the U.S.
via Bitcoin.com
📑 Bitwise Asset Management met with the U.S. Securities and Exchange Commission to convince the authority on its Bitcoin exchange-traded fund proposal.
via The Block
🏦 “It’s faster than SWIFT, cheaper, and definitely more efficient.”
via CoinDesk
👨⚖️ Ripple’s legal representatives have filed a motion to dismiss a lawsuit over an alleged sale of unregistered securities.
via Cointelegraph
🇺🇸 The NDAA has called for research into military applications for the blockchain technology.
via Decrypt
🇰🇵 North Korea is reportedly planning to develop a cryptocurrency of its own to bypass economic sanctions imposed by the U.S.
via Bitcoin.com
Major U.S.-based digital asset trading platform Coinbase considers adding support for a number of new cryptocurrencies.
Source: https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-70419575eac4
Source: https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-70419575eac4
CME Group has announced that it will launch Bitcoin options contracts in the first quarter of 2020.
Read More »
Read More »
The Block
CME Group to launch bitcoin options in Q1 2020
Derivatives exchange giant CME Group has announced that it will launch bitcoin options contracts in Q1 2020. The Block reported the news earlier this
📨 #DeCenterDaily
🇺🇸 Binance U.S. has gone live, offering trading in seven cryptocurrencies at the start.
via Decrypt
🇨🇳 The People’s Bank of China (PBoC) has refuted claims that it was considering to release its own digital currency as soon as this November.
via CoinDesk
📈 In the first seven hours since the launch of Bitcoin futures contract on the Bakkt platform, the trading volume amounted to 18 BTC.
via Cointelegraph
🤝 Facebook has completed the acquisition of a chatbot maker for its upcoming Calibra wallet.
via The Block
🚀 Blockchain was among the fastest-growing technologies this past winter, according to a consulting giant Deloitte.
via Modern Consensus
🇺🇸 Binance U.S. has gone live, offering trading in seven cryptocurrencies at the start.
via Decrypt
🇨🇳 The People’s Bank of China (PBoC) has refuted claims that it was considering to release its own digital currency as soon as this November.
via CoinDesk
📈 In the first seven hours since the launch of Bitcoin futures contract on the Bakkt platform, the trading volume amounted to 18 BTC.
via Cointelegraph
🤝 Facebook has completed the acquisition of a chatbot maker for its upcoming Calibra wallet.
via The Block
🚀 Blockchain was among the fastest-growing technologies this past winter, according to a consulting giant Deloitte.
via Modern Consensus
Forwarded from – Гордеев, что с криптой?
What is money, and what is not?
In a definition derived from its natural evolution, money is just a type of goods that a certain community considers as a convenient way of settling credit claims, solving coincidence of wants problems. Every time you make a trade, you actually barter one thing for another: one side gets a product or service while the other, a credit claim that can be paid in anything, but this particular society chooses one type of goods that suits everyone. History has known money as gold, shells, nails, and even cigarettes. There is no special authority that can tell a community what money to use as people just tend to choose what helps them satisfy their needs best. “Moneyness” is really defined by the common will of everybody to trade their stuff for this very type of money, believing that they will use it in the future deals with other members.
If you look at the best economies—and the rules that hold for them apply to anything we innovate in the crypto space—you’ll see that there is no money with a constant number of units. Money is a living thing if you like, and it adapts to the needs of the community: it can be mined (gold coins) or printed (gold-backed paper money), switched to new standards (current USD) or even abandoned if not needed anymore (e.g., Soviet Ruble). But money is never limited in its number as this would immediately ruin the whole concept of self-adjustable market trades. If you pay someone with Bitcoin—the king in promoting the message of “strictly limited supply, hurry up to own one”—you get a feeling that you overpay as you tend to think that the price may rise. You don’t really spend shares of collectible baseball cards, cars, wine, or artworks to cover everyday needs like a morning coffee and bagel. That’s clearly an absurd thing to do unless you think that somehow you will recoup the amount spent. Every time you stop and think for a second, “Do I really want to spend my BTC or should I HODL?” you create a traffic jam in the economy just like people on the road who can’t choose where to make a turn. And the economy of the modern world is more likely to be somewhat of a highway, asking for tens of transactions per day from an average developed economy citizen.
Bitcoin is clearly an investment, in many ways pumped by the idea of HODL, and it appeals to those who dream about getting super-rich just because they are early adopters. There is no mass adoption, and there will never be one. The liquidity BTC has today all across the globe can’t move the needle through as people don’t spend their investments and hedges against unstable banking systems on everyday needs.
At this point, you may be thinking, “OK, Bitcoin is my safe bet on the future, and what about stable coins, unleashing all the DLT cons, can we think about USDT in terms of money?”
Let’s assume that unlike collectibles, USDT can be printed and burned in any amounts to keep the exchange rate close to USD. That’s why it’s called a stable coin, right? No. USDT, USDC, DAI, and others do just one thing: they are stabilizing against USD to serve the needs of those who a. For some reason, consume USD-priced goods and services or b. Need to hedge against their local currencies. Are there really many people in the world outside the U.S. who think of prices in USD? Here in the E.U., where I reside, a dollar is something people hear and see in movies and TV series. Nobody really cares here about #1 crurrency of the world. So it leads me to the conclusion that there is no such thing as a global stable coin. And use cases are just way too different: to troubled Venezuela USDT is again an investment or hedge, and to 90% of people on the planet it’s just a unit of account that they will convert to their local money. Once again it’s slowing the pace of the trades: "Should I pay in the euro or USDT? What’s the exchange rate? Why is it not fixed? Maybe it is time to swap everything for fiat?" As you can see, there is not so much stability for the most of us, but stable coins clearly help everyone in USD-denominated economies.
In a definition derived from its natural evolution, money is just a type of goods that a certain community considers as a convenient way of settling credit claims, solving coincidence of wants problems. Every time you make a trade, you actually barter one thing for another: one side gets a product or service while the other, a credit claim that can be paid in anything, but this particular society chooses one type of goods that suits everyone. History has known money as gold, shells, nails, and even cigarettes. There is no special authority that can tell a community what money to use as people just tend to choose what helps them satisfy their needs best. “Moneyness” is really defined by the common will of everybody to trade their stuff for this very type of money, believing that they will use it in the future deals with other members.
If you look at the best economies—and the rules that hold for them apply to anything we innovate in the crypto space—you’ll see that there is no money with a constant number of units. Money is a living thing if you like, and it adapts to the needs of the community: it can be mined (gold coins) or printed (gold-backed paper money), switched to new standards (current USD) or even abandoned if not needed anymore (e.g., Soviet Ruble). But money is never limited in its number as this would immediately ruin the whole concept of self-adjustable market trades. If you pay someone with Bitcoin—the king in promoting the message of “strictly limited supply, hurry up to own one”—you get a feeling that you overpay as you tend to think that the price may rise. You don’t really spend shares of collectible baseball cards, cars, wine, or artworks to cover everyday needs like a morning coffee and bagel. That’s clearly an absurd thing to do unless you think that somehow you will recoup the amount spent. Every time you stop and think for a second, “Do I really want to spend my BTC or should I HODL?” you create a traffic jam in the economy just like people on the road who can’t choose where to make a turn. And the economy of the modern world is more likely to be somewhat of a highway, asking for tens of transactions per day from an average developed economy citizen.
Bitcoin is clearly an investment, in many ways pumped by the idea of HODL, and it appeals to those who dream about getting super-rich just because they are early adopters. There is no mass adoption, and there will never be one. The liquidity BTC has today all across the globe can’t move the needle through as people don’t spend their investments and hedges against unstable banking systems on everyday needs.
At this point, you may be thinking, “OK, Bitcoin is my safe bet on the future, and what about stable coins, unleashing all the DLT cons, can we think about USDT in terms of money?”
Let’s assume that unlike collectibles, USDT can be printed and burned in any amounts to keep the exchange rate close to USD. That’s why it’s called a stable coin, right? No. USDT, USDC, DAI, and others do just one thing: they are stabilizing against USD to serve the needs of those who a. For some reason, consume USD-priced goods and services or b. Need to hedge against their local currencies. Are there really many people in the world outside the U.S. who think of prices in USD? Here in the E.U., where I reside, a dollar is something people hear and see in movies and TV series. Nobody really cares here about #1 crurrency of the world. So it leads me to the conclusion that there is no such thing as a global stable coin. And use cases are just way too different: to troubled Venezuela USDT is again an investment or hedge, and to 90% of people on the planet it’s just a unit of account that they will convert to their local money. Once again it’s slowing the pace of the trades: "Should I pay in the euro or USDT? What’s the exchange rate? Why is it not fixed? Maybe it is time to swap everything for fiat?" As you can see, there is not so much stability for the most of us, but stable coins clearly help everyone in USD-denominated economies.
Forwarded from – Гордеев, что с криптой?
And here I would like to ask some questions in plain English: Who is managing USDT and its clones (any sort of the Fed there?); What are the rules (on-chain or not?); Does pegging really work? Too many blind spots for something that should be straightforward. Money has a pretty simple set of rules do deliver moneyness, and not to be limited to unit of account (USDT) or to store of value (Bitcoin).
So if Bitcoin is not money, and USDT is limited to those who trade in U.S. dollars (mostly countries with doomed political or economic regimes), what is the answer?
I have mine and will be back in a few days, but I am eager to hear your opinions.
So if Bitcoin is not money, and USDT is limited to those who trade in U.S. dollars (mostly countries with doomed political or economic regimes), what is the answer?
I have mine and will be back in a few days, but I am eager to hear your opinions.
Major cryptocurrency exchange OKEx is reportedly preparing to launch a margin trading feature for the Tether (USDT) futures contract as soon as October this year.
Learn More »
Learn More »
The Block
Crypto exchange OKEx eyeing launch of Tether margin futures in October - The Block
Cryptocurrency exchange OKEx has been preparing to launch Tether (USDT) margin futures next month. An OKEx spokeswoman told The Block on Monday that the
📨 #DeCenterDaily
💵 China-based tech giant Tencent has led a USD 20 million Series A round for a blockchain supply chain startup.
via The Block
🇩🇪 Germany’s second-largest stock exchange operator has launched a regulated crypto trading platform.
via Bitcoin.com
🇫🇷 By 2020, as many as thirty retailers in France will be accepting payments in Bitcoin.
via Cointelegraph
📲 Kik is shutting down its messaging application as a consequence of the SEC legal action.
via CoinDesk
➕ Major cryptocurrency exchange Binance has added support for Tezos’ XTZ token.
via Decrypt
💵 China-based tech giant Tencent has led a USD 20 million Series A round for a blockchain supply chain startup.
via The Block
🇩🇪 Germany’s second-largest stock exchange operator has launched a regulated crypto trading platform.
via Bitcoin.com
🇫🇷 By 2020, as many as thirty retailers in France will be accepting payments in Bitcoin.
via Cointelegraph
📲 Kik is shutting down its messaging application as a consequence of the SEC legal action.
via CoinDesk
➕ Major cryptocurrency exchange Binance has added support for Tezos’ XTZ token.
via Decrypt
Binance has reportedly been awarded an information security accreditation after having met the requirements of the International Organization for Standardization (ISO).
Learn More »
Learn More »
Coindesk
Crypto Exchange Binance Awarded ISO Security Accreditation
The crypto exchange says it's been awarded an information security accreditation after audits found it met ISO standards.
Institutional cryptocurrency custody provider KNØX has launched earlier today. It will reportedly be providing its clientele with insurance coverage amounting to up to 100%.
Learn More »
Learn More »
The Block
Fidelity-backed crypto custody provider KNØX launches today, claiming to provide up to 100% insurance via Marsh - The Block
A new Canada-based cryptocurrency custody provider has entered the marketplace, claiming to provide up to 100% insurance coverage for clients’ assets.
Forwarded from CAT — TON Validator, Apps and News
A new Telegram coding competition is starting today. The task is to build smart contracts for a blockchain platform.
1. Build one or more smart contracts as described in TON Contest.txt below.
2. Suggest improvements for FunC or TON VM (optional).
3. Find issues and suggest fixes for TON Testnet (optional).
The prize fund for these 3 tasks is up to $400,000.
The contest ends on October, 15 at 23:00 CET.
We’ll publish how to submit your code in this channel soon.
1. Build one or more smart contracts as described in TON Contest.txt below.
2. Suggest improvements for FunC or TON VM (optional).
3. Find issues and suggest fixes for TON Testnet (optional).
The prize fund for these 3 tasks is up to $400,000.
The contest ends on October, 15 at 23:00 CET.
We’ll publish how to submit your code in this channel soon.
Telegram
Telegram Contests
The details of the $200,000-400,000 blockchain competition.