Forwarded from Minter Network
Create businesses
Cryptocurrency and blockchain, what are they? Merely technologies for improving the efficiency of processes which, in their turn, lead to the achievement of goals. The goals themselves have remained unchanged over centuries—individuals, teams, and organizations are all willing to profit as a result of their activity, and the best way to accumulate that profit is through a new-fashioned business structure.
Novel business does not mean, of course, someone profiting from the growth in the coin’s price. Although some would not find any fault with that, just as is the case with any resource corporation (e.g., Saudi Aramco has become the world’s most valuable publicly-traded company precisely because it operates the largest oil fields on the planet). In the most simplified model, any business needs unit economics under which every trade generates income for the company and subsequently, profit—after all costs have been incurred.
The most straightforward and comprehensible business on Minter today is block validation. Companies offer users their services, charge a commission fee, pay their expenditures, and if properly organized, make a profit.
Games are another good example of how to get the maximum out of using blockchain—you can send out millions of coins that gamers will use to start playing, including via referral programs. All transactions instantly and transparently recalculate the balances, leaving no room for cheating. Which is vitally important in games such as chess: you want to make sure that your opponent is not a robot but someone who has a history and is at your level.
At the end of the day, the most benefit from their work will be captured by those who capitalized their intellectual property with positive unit economics in the form of business. And if while doing so, you see the token’s price increase as well, you have done everything just right.
No payment system and no national currency is on par with blockchains and crypto in terms of global reach and transfer security. That must serve as a basis for improving already existing businesses and building the new ones. But do not center them around selling the coins; rather, create full-fledged processes that will not run on any other tech.
Cryptocurrency and blockchain, what are they? Merely technologies for improving the efficiency of processes which, in their turn, lead to the achievement of goals. The goals themselves have remained unchanged over centuries—individuals, teams, and organizations are all willing to profit as a result of their activity, and the best way to accumulate that profit is through a new-fashioned business structure.
Novel business does not mean, of course, someone profiting from the growth in the coin’s price. Although some would not find any fault with that, just as is the case with any resource corporation (e.g., Saudi Aramco has become the world’s most valuable publicly-traded company precisely because it operates the largest oil fields on the planet). In the most simplified model, any business needs unit economics under which every trade generates income for the company and subsequently, profit—after all costs have been incurred.
The most straightforward and comprehensible business on Minter today is block validation. Companies offer users their services, charge a commission fee, pay their expenditures, and if properly organized, make a profit.
Games are another good example of how to get the maximum out of using blockchain—you can send out millions of coins that gamers will use to start playing, including via referral programs. All transactions instantly and transparently recalculate the balances, leaving no room for cheating. Which is vitally important in games such as chess: you want to make sure that your opponent is not a robot but someone who has a history and is at your level.
At the end of the day, the most benefit from their work will be captured by those who capitalized their intellectual property with positive unit economics in the form of business. And if while doing so, you see the token’s price increase as well, you have done everything just right.
No payment system and no national currency is on par with blockchains and crypto in terms of global reach and transfer security. That must serve as a basis for improving already existing businesses and building the new ones. But do not center them around selling the coins; rather, create full-fledged processes that will not run on any other tech.
📨 #DeCenterDaily
💰 Payment network Visa is making a US$5.3 billion acquisition of a crypto-serving fintech firm Plaid.
via The Block
🤝 Chicago Mercantile Exchange (CME) has launched options on Bitcoin futures.
via CoinDesk
💵 Global asset manager WisdomTree plans to develop its own, SEC-regulated stablecoin.
via Decrypt
🇨🇭 Smart contract auditing firm ChainSecurity has joined the Swiss arm of PwC.
via Modern Consensus
💪🏻 Blockchain will be the most in-demand hard skill in 2020, according to a new study by LinkedIn.
via Cointelegraph
💰 Payment network Visa is making a US$5.3 billion acquisition of a crypto-serving fintech firm Plaid.
via The Block
🤝 Chicago Mercantile Exchange (CME) has launched options on Bitcoin futures.
via CoinDesk
💵 Global asset manager WisdomTree plans to develop its own, SEC-regulated stablecoin.
via Decrypt
🇨🇭 Smart contract auditing firm ChainSecurity has joined the Swiss arm of PwC.
via Modern Consensus
💪🏻 Blockchain will be the most in-demand hard skill in 2020, according to a new study by LinkedIn.
via Cointelegraph
The People’s Bank of China (PBoC) has reportedly finished the top-level design for the country’s upcoming national digital currency.
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Decrypt
China’s state digital currency nearly ready, says central bank
China’s central bank has issued a paper stating it has completed much of the development for its new digital currency, reported local news outlet JRJ.
📨 #DeCenterDaily
📑 Bitwise Asset Management withdrew its application to launch a Bitcoin exchange-traded fund (ETF) from the SEC.
via CoinDesk
👩⚖️ Craig Wright notified the court “that a third party has provided the necessary information and key slice to unlock the encrypted file.”
via Decrypt
🦅 The SEC issued a warning to investors about initial exchange offerings, stating the majority do not comply with federal securities laws.
via Modern Consensus
📊 Cryptocurrency exchange Bitstamp has partnered with Silvergate Bank to pilot Bitcoin leveraged trading.
via Cointelegraph
📈 BSV has briefly replaced BCH as the fourth-largest cryptocurrency in terms of market capitalization.
via ccn
📑 Bitwise Asset Management withdrew its application to launch a Bitcoin exchange-traded fund (ETF) from the SEC.
via CoinDesk
👩⚖️ Craig Wright notified the court “that a third party has provided the necessary information and key slice to unlock the encrypted file.”
via Decrypt
🦅 The SEC issued a warning to investors about initial exchange offerings, stating the majority do not comply with federal securities laws.
via Modern Consensus
📊 Cryptocurrency exchange Bitstamp has partnered with Silvergate Bank to pilot Bitcoin leveraged trading.
via Cointelegraph
📈 BSV has briefly replaced BCH as the fourth-largest cryptocurrency in terms of market capitalization.
via ccn
Fidelity Digital Assets will provide custody services for Bitcoin under London-based crypto investment firm’s management.
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The Block
Fidelity Digital Assets to provide custody for London-based Nickel Digital Asset Management
Fidelity Digital Assets will soon provide custody services for bitcoin held by a London-based crypto investment firm.
📨 #DeCenterDaily
🇯🇵 Binance, the world’s largest cryptocurrency exchange by daily trading volume, is set to restrict access to Japanese residents.
via Cointelegraph
♊️ Regulated U.S.-based digital asset trading platform Gemini established its own insurance company.
via CoinDesk
🏀 NBA team Sacramento Kings launched a blockchain-based app for game-worn jersey auctions.
via ccn
🔍 Blockchain analytics firm CipherTrace will provide cryptocurrency scam investigation training to college students.
via Modern Consensus
👩⚖️ Craig Wright’s defamation lawsuit against Hodlonaut has been dismissed for lack of jurisdiction.
via Decrypt
🇯🇵 Binance, the world’s largest cryptocurrency exchange by daily trading volume, is set to restrict access to Japanese residents.
via Cointelegraph
♊️ Regulated U.S.-based digital asset trading platform Gemini established its own insurance company.
via CoinDesk
🏀 NBA team Sacramento Kings launched a blockchain-based app for game-worn jersey auctions.
via ccn
🔍 Blockchain analytics firm CipherTrace will provide cryptocurrency scam investigation training to college students.
via Modern Consensus
👩⚖️ Craig Wright’s defamation lawsuit against Hodlonaut has been dismissed for lack of jurisdiction.
via Decrypt
In 2019, cryptocurrency fund manager Grayscale brought in more than US$600 million of investor money.
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The Block
Crypto asset manager Grayscale posts its best year with over $600 million in investments
Crypto asset management giant Grayscale Investment brought in more than $600 million from investors during 2019.
📨 #DeCenterDaily
♎️ The Libra Association has formed a committee to oversee the network’s technical development.
via Cointelegraph
🇯🇵 Binance, the world’s largest cryptocurrency exchange by daily trading volume, has partnered with Yahoo! Japan subsidiaries to re-enter the Japanese market.
via Decrypt
🇻🇬 The second-largest non-custodial cryptocurrency exchange by market share is moving out of the E.U. due to 5AMLD regulations.
via The Block
💵 Former Commodity Futures Trading Commission officials have called for the creation of a U.S. central bank digital currency (CBDC).
via CoinDesk
🇨🇦 The Canadian Securities Administration published the Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets.
via Cointelegraph
♎️ The Libra Association has formed a committee to oversee the network’s technical development.
via Cointelegraph
🇯🇵 Binance, the world’s largest cryptocurrency exchange by daily trading volume, has partnered with Yahoo! Japan subsidiaries to re-enter the Japanese market.
via Decrypt
🇻🇬 The second-largest non-custodial cryptocurrency exchange by market share is moving out of the E.U. due to 5AMLD regulations.
via The Block
💵 Former Commodity Futures Trading Commission officials have called for the creation of a U.S. central bank digital currency (CBDC).
via CoinDesk
🇨🇦 The Canadian Securities Administration published the Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets.
via Cointelegraph
CME Open interest for Bitcoin futures up 100% since the start of the year
Source: https://twitter.com/skewdotcom/status/1218201409277059074
Source: https://twitter.com/skewdotcom/status/1218201409277059074
📨 #DeCenterDaily
🇨🇳 State-run Xinhua Finance released a 2019 blockchain investment and financing report.
via Decrypt
🇮🇳 India’s supreme court heard the cryptocurrency case in detail over three consecutive days last week.
via Bitcoin.com
🇹🇭 Singapore-headquartered cryptocurrency exchange Zipmex has obtained a license in Thailand.
via The Block
🇦🇺 Australia’s financial regulator has greenlighted a Bitcoin fund targeting retail investors.
via CoinDesk
⛏ London Stock Exchange (LSE)-listed mining company Argo Blockchain saw a tenfold increase in revenue for the year 2019.
via Cointelegraph
🇨🇳 State-run Xinhua Finance released a 2019 blockchain investment and financing report.
via Decrypt
🇮🇳 India’s supreme court heard the cryptocurrency case in detail over three consecutive days last week.
via Bitcoin.com
🇹🇭 Singapore-headquartered cryptocurrency exchange Zipmex has obtained a license in Thailand.
via The Block
🇦🇺 Australia’s financial regulator has greenlighted a Bitcoin fund targeting retail investors.
via CoinDesk
⛏ London Stock Exchange (LSE)-listed mining company Argo Blockchain saw a tenfold increase in revenue for the year 2019.
via Cointelegraph
“Whether or not the communities want it is of course another question.”
https://www.trustnodes.com/2020/01/20/etc-can-be-merged-into-an-ethereum-2-0-shard-says-vitalik-buterin
https://www.trustnodes.com/2020/01/20/etc-can-be-merged-into-an-ethereum-2-0-shard-says-vitalik-buterin
Trustnodes
ETC Can Be Merged Into an Ethereum 2.0 Shard Says Vitalik Buterin – Trustnodes
All the latests news on Crypto, Blockchain, Bitcoin, Ethereum, Tokens, ICOs, Fintech, and more.
📨 #DeCenterDaily
📈 Quarterly profits of Binance, the world’s largest cryptocurrency exchange by daily trading volume, are up over 3%.
via Decrypt
👩⚖️ Tether and Bitfinex are facing the fourth market manipulation lawsuit.
via Modern Consensus
👨⚖️ The Chamber of Digital Commerce has filed an amicus brief in the ongoing court case between Telegram and the SEC.
via Cointelegraph
🇬🇧 The U.K. tax agency has offered a US$130,000 bounty on privacy coin traceability.
via ccn
🇰🇷 Bitcoin Cash is now accessible at over 13,000 ATMs across South Korea.
via Bitcoin.com
📈 Quarterly profits of Binance, the world’s largest cryptocurrency exchange by daily trading volume, are up over 3%.
via Decrypt
👩⚖️ Tether and Bitfinex are facing the fourth market manipulation lawsuit.
via Modern Consensus
👨⚖️ The Chamber of Digital Commerce has filed an amicus brief in the ongoing court case between Telegram and the SEC.
via Cointelegraph
🇬🇧 The U.K. tax agency has offered a US$130,000 bounty on privacy coin traceability.
via ccn
🇰🇷 Bitcoin Cash is now accessible at over 13,000 ATMs across South Korea.
via Bitcoin.com
The Digix project has voted in favor of the liquidation of DigixDAO, its $64 million treasury.
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CoinDesk
DigixDAO Votes to Liquidate $64M Treasury
With only 52 votes, the DigixDAO treasury will dissolve, returning DGD holders their staked $ETH.
📨 #DeCenterDaily
♎️ British telecom giant Vodafone has withdrawn from Facebook’s Libra Association.
via Decrypt
🖊 The Huobi Group launched a licensed brokerage targeting institutional investors and high-net-worth individuals.
via Modern Consensus
🇺🇿 Uzbekistan is preparing to exempt income obtained in cryptocurrency operations from taxation.
via Bitcoin.com
💵 Binance, the world’s largest cryptocurrency exchange, has announced an investment in an open-source personal data monetization solution.
via official blog
👨⚖️ The U.S. Securities and Exchange Commission has charged the founder of Opporty with conducting an unregistered sale of securities.
via Cointelegraph
♎️ British telecom giant Vodafone has withdrawn from Facebook’s Libra Association.
via Decrypt
🖊 The Huobi Group launched a licensed brokerage targeting institutional investors and high-net-worth individuals.
via Modern Consensus
🇺🇿 Uzbekistan is preparing to exempt income obtained in cryptocurrency operations from taxation.
via Bitcoin.com
💵 Binance, the world’s largest cryptocurrency exchange, has announced an investment in an open-source personal data monetization solution.
via official blog
👨⚖️ The U.S. Securities and Exchange Commission has charged the founder of Opporty with conducting an unregistered sale of securities.
via Cointelegraph
Central banks have launched a joint initiative aimed to explore central bank digital currency (CBDC) use cases.
Learn More »
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Bloomberg.com
Central Banks Team Up to Study Case for Digital Currencies
Some of the world’s major central banks are teaming up to assess potentially developing their own digital currencies, acknowledging that their role is being challenged by new technologies and private sector initiatives such as Facebook Inc.’s Libra.