CZ BTFO...

While BTC has been recognised as a commodity for some time, the CFTC is now saying the same of ETH, which considering the way it was created and distributed, via a public sale and minting of initial tokens, is pretty huge news in the scheme of things.

There's a precedent being set here in this quote -

Tarbert also gave insight on how he and the CFTC view coins created through initial coin offerings (ICOs). He believes it is possible for a new coin to start out as a security but eventually become a commodity. “You can have a situation where something in an initial coin offering is a security initially, but over time, it gets more decentralized, and there's a tangible value there, so you can have things that change back and forth.”

This leaves the door open for any shitcoin to eventually mature and become a commodity...

We breaking news on here before CoinDesk these days (not really a major feat considering CoinDesk is the gutter journalism of crypto journalism, but hey, small victories...)

Four individuals and organizations have disavowed the OpenLibra project, which was unveiled Oct. 9 at Devcon. Others say the extent of their involvement was overblown.

“I showed up to one community call for OpenLibra. I didn’t really do anything after that,”
Sunny Aggarwal, core developer at Tendermint Inc.

“I wasn’t asked before my name was used on the slides.”

Sounds like Sergey from ChainLink wasn't too keen on having his name attached to this project either...

This totally comes across as 2017 ICO tactics. How many times in 2017 did we find out an ICO had fake associations with team members, advisors and partners?

https://www.coindesk.com/members-of-openlibra-disavow-project-days-after-its-devcon-unveiling

“We allege that the defendants have failed to provide investors with information regarding Grams and Telegram’s business operations, financial condition, risk factors, and management that the securities laws require.”

Sounds pretty weak really...This doesn't seem to be halting the sale at all, which has already been completed, but the launch of the network itself.

What makes this extra interesting is that there is a clause in the TON SAFT that states Telegram must give back funds raised if they don't distribute the first batch of tokens by October 31st.

Pavel from Telegram has proven in the past to be quite happy to give a middle finger to governments worldwide. Considering they raised $1.7b and EOS recently paid $24m on their ~$4b raise, kind of expecting him to say fuck it, launch the network anyways and pay the relatively small fine after. What's the old saying? "It's easier to ask forgiveness than it is to get permission".

https://www.sec.gov/litigation/complaints/2019/comp-pr2019-212.pdf

Despite eBay, Stripe, PayPal, Visa and Mastercard quitting Libra, 21 inital members have signed the Libra charter today, making them official members of the Libra Association

https://twitter.com/Libra_/status/1183870017311510530

Big news for BNB, back on a run with upcoming IEO news and now exposure to the token on a traditional marketplace and traditional investors.

"By listing the BNB ETP on the SIX Swiss Exchange, the world’s tenth-largest exchange, clients can add BNB exposure to their stock portfolios as easily as buying a share in any company, in a traditional manner using a brokerage firm or bank."

https://www.binance.com/en/blog/390697438246342656/World-First-Amun-and-Binance-Launch-first-BNB-ETP-on-Swiss-Stock-Exchange-Ticker-ABNB

⭐️ COTI AMA 17/10/19 8am EST, 1pm CET ⭐️
⏰ Time until AMA - https://bit.ly/33yHYu2
✋ Submit a question for the COTI team - https://forms.gle/1wGS2ytyzFUQujzG6

🎙 AMA is in our public channel https://news.1rj.ru/str/WolfCryptoPub, so please join before we begin. 🎙

🗣 Summary -

COTI is a blockchain 3.0 Proof of Trust DAG, Internal Exchange & Payment dApp. COTI aims to be the payment platform of choice for consumers, merchants & enterprise, bridging the gap between traditional and crypto payment platforms.

The COTI Trustchain consists of three main components, the Proof of Trust (PoT) Algorithm, Double Spend Protection (DSP) and Buyer Seller Protections.

COTI-X is an internal interoperability exchange and settlement layer, enabling cross currency payments, direct transfers of one currency to another and ensuring liquidy on the COTI platform.

COTI Pay is the payment dApp built on the COTI platform. COTI Pay offers a payment app and virtual debit card for consumers along with a POS software suite for merchants, including processing tools that allow a merchant to accept and mange payments from COTI Pay wallet holders.

COTI have also built a whitelabel solution for enterprise, allowing developers and organisations to issue their own branded tokens, payments apps and tools on top of the COTI platform along with a Universal Payment System that reconciles the functionality of PayPal and other online payment gateways with that of the cryptocurrency world. COTI’s UPS provides a comprehensive payment solution that combines all existing support systems of traditional payment processors with the added value of digital assets.

🔥More Info:
⚡️- https://medium.com/cotinetwork/coti-universal-payment-system-ups-8614e149ee76
⚡️- https://youtu.be/7v_ruHS483g
⚡️- https://medium.com/cotinetwork/introducing-cotis-global-trust-system-gts-an-advanced-layer-of-trust-for-any-blockchain-7e44587b8bda
⚡️- https://medium.com/cotinetwork/coti-opens-full-node-registration-and-reveals-staking-model-800bfcfdbe8a
⚡️- https://medium.com/cotinetwork/introducing-the-coti-multidag-b353793cf582

👨‍👩‍👧 Team:
- Shahaf Bar-Geffen - Serial Entrepreneur - https://www.linkedin.com/in/shahafbg
- Dr. Nir Haloani - Former Head of Research IBM - https://www.linkedin.com/in/nir-haloani-324876
- David Assaraf - Chief Internal Auditor HSBC - https://www.linkedin.com/in/david-assaraf-54656a150
- Eli Hallufgil - Master of Mathematics - https://www.linkedin.com/in/eli-erol-hallufgil-970847104
- Yoni Neeman - Computer Science - https://www.linkedin.com/in/yoni-neeman-64672247
- Anton Suslonov - Applied Mathematics - https://www.linkedin.com/in/anton-suslonov-558587103

- Full Team - https://coti.io/en/team.html

👨‍👩‍👧 Advisors:
- Dr. Matt McBrady - Former CIO BlackRock - https://www.linkedin.com/in/matt-mcbrady-387471
- Greg Kidd - CRO Ripple Labs - https://www.linkedin.com/in/gregkidd
- Stas Oskin - WINGS Foundation Co-founder - https://www.linkedin.com/in/stasoskin
- Nimrod Lehavi - CEO Simplex - https://www.linkedin.com/in/nimrodlehavi

👉 COTI links:
- Website - https://coti.io
- Twitter - https://twitter.com/COTInetwork
- Telegram - https://news.1rj.ru/str/COTInetwork
- Github - https://github.com/coti-io
- Technical Whitepaper -https://coti.io/files/COTI-technical-whitepaper.pdf
- COTI Pay Overview - https://coti.io/files/COTI-Pay-Overview.pdf
- COTI Token Economy - https://coti.io/files/COTI-Token-Economy-2019.pdf

See the panel of Nouriel Roubini, Craig Wright, Brock Pierce, Bobby Lee and Tone Vays in the video below...

Looks like a look of love don't you think?

https://twitter.com/i/broadcasts/1ynJOwPqBYZJR

Another private sale rekt...

https://binance.zendesk.com/hc/en-us/articles/360034864652-Introducing-the-Kava-KAVA-Token-Sale-on-Binance-Launchpad

Sad...what hope do we have when even the Russians bow down to the SEC?

https://finance.yahoo.com/news/telegram-delay-ton-blockchain-launch-054510816.html

"Investors in the second round must sign a form approving the extension before Oct. 23. If the majority chooses not to sign, these investors can get back “approximately 77 percent” of their money."

23% haircut in this market, good deal or not?

https://www.coindesk.com/telegram-looks-to-cut-deal-with-ton-blockchain-investors-after-sec-order

⭐️ MakerDAO/ShuttleOne AMA 20/10/19 9am ET, 2pm CET ⭐️
⏰ Time until AMA - https://bit.ly/32r4xR6
✋ Submit a question for the DAO/ShuttleOne teams - https://forms.gle/oh7EZPu9e5bvwukG7

💰INCLUDES A 150 DAI GIVEAWAY!💰

🎙 AMA is in our public channel https://news.1rj.ru/str/WolfCryptoPub, so please join before we begin. 🎙

🗣 MakerDAO Summary -

MakerDAO is a decentralized autonomous organization (DAO) that exists on the Ethereum blockchain. The platform uses a self-balancing system to create a stablecoin that avoids the regulatory issues that have hindered the success of other similar projects. To generate and manage this system, MakerDAO created two tokens:

Maker (MKR)—a token used to govern the platform and pay stability fees
Dai (DAI)—a crypto-collateralized stablecoin that is targeted to the U.S. dollar

MakerDAO ensures the stability of the dai through the implementation of a decentralized governance system that is conducted via the staking of maker tokens for the period of time during which a vote occurs. Additionally, the fees needed to stabilize the dai are managed and paid through the maker token.

🗣 ShuttleOne Summary -

ShuttleOne is a next generation fintech ewallet enabling the secure, compliant, low cost and instantaneous transfer and conversion of value, worldwide.

By combining the benefits of blockchain technology with traditional fintech infrastructure, ShuttleOne bridges the gap between the payment rails of old with the payment rails of new, creating a network that harnesses the efficiency of the distributed ledger technology with the stability and accessibility of fiat to deliver a truly modern value transmission solution, reducing the friction between digital assets and local currencies in SEA.

MakerDAO is one of the leading investors in ShuttleOne and provides stable coin support and collateralisation for the ShuttleOne application.

You can read more about ShuttleOne here - https://medium.com/@zhuang_66760/shuttleone-july-august-updates-2811918e4b3c

Rules for the AMA.

1. Join all Telegram channels
Wolf Crypto - https://news.1rj.ru/str/WolfCryptoPub
MakerDAO - https://news.1rj.ru/str/makerdaoofficial
ShuttleOne - https://news.1rj.ru/str/shuttleone
2. Users can pre-submit AMA questions by using the Google form above, or by posting in the projects Telegram groups using the #AMA tag, prior to the AMA.
3. 100 DAI will be given out to 5 users who ask the best questions (selected by the teams). 50 DAI will be given out to users who refer (add to group) the most users to all Telegram groups

On October 17th we held an AMA with COTI in our public Telegram channel. A full summary of the AMA is provided in the link below.

🗣 Project Summary -

COTI is a blockchain 3.0 Proof of Trust DAG, Internal Exchange & Payment dApp. COTI aims to be the payment platform of choice for consumers, merchants & enterprise, bridging the gap between traditional and crypto payment platforms.

The COTI Trustchain consists of three main components, the Proof of Trust (PoT) Algorithm, Double Spend Protection (DSP) and Buyer Seller Protections.

COTI-X is an internal interoperability exchange and settlement layer, enabling cross currency payments, direct transfers of one currency to another and ensuring liquidy on the COTI platform.

COTI Pay is the payment dApp built on the COTI platform. COTI Pay offers a payment app and virtual debit card for consumers along with a POS software suite for merchants, including processing tools that allow a merchant to accept and mange payments from COTI Pay wallet holders.

COTI have also built a whitelabel solution for enterprise, allowing developers and organisations to issue their own branded tokens, payments apps and tools on top of the COTI platform along with a Universal Payment System that reconciles the functionality of PayPal and other online payment gateways with that of the cryptocurrency world. COTI’s UPS provides a comprehensive payment solution that combines all existing support systems of traditional payment processors with the added value of digital assets.

Read more: https://medium.com/@wolfcrypto/coti-ama-with-wolf-crypto-part-three-16918915d8c6

OKEx vs Binance.

Super shady exchange throwing shade at a semi shady exchange.

Regardless of that, there's some validity in some of the questions raised in this post. If there was lower trading volume in Q3 that was more discounted than in Q2, how can the burn in Q3 be higher than Q2.

This is also interesting. Look forward to clarification from CZ.

According to the burned addresses (bnb1ultyhpw2p2ktvr68swz56570lgj2rdsadq3ym2) shown below, the balance in wallet is still 48,461,324 BNB. Simple calculation shows that 48,461,324+185,474,825=233,936,149 which is more than the so claimed 200 million BNB shown on the white paper.

https://twitter.com/jayhao8/status/1185040574010626048

"with backing by an investment group that plans to spend more than $100M"

One of those investors is Justin Sun...Wild...

https://twitter.com/Poloniex/status/1185226195811602437

"Scoop"

Telegram offers investors 77% of their money back!
Coinmarketcap adds interest rates
Justin Sun buys Poloniex
Chainalysis assists DOJ in Child Porn Bust

https://youtu.be/rGH8p3F4u7g

PSA if you're using NordVPN you might wanna get a new VPN provider...

https://twitter.com/hexdefined/status/1185864801261477891