This Week in Crypto
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Stay woke on the latest in blockchain and cryptocurrency. Tune in for interviews with blockchain builders and disruptors as we explore next-generation Web 3.0 applications. Hosted by mota.eth
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Mar 11, 2020
2019 Crypto Tax Filing And What You Should Know
TokenTax reports cryptocurrency capital gains and income taxes and supports over 30 exchanges. TokenTax provides a global perspective on crypto tax regulations as well as common practices for U.S. taxpayers. Zac McClure, co-founder of TokenTax, will join us to discuss the implications of taxes on cryptocurrency.
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Mar 5, 2020
Mar. 5th: Crypto Fund Hack Results In Massive Data Leak
Quick Take
* South Korean lawmakers amend the Financial Information Act in alignment with FATF guidelines.
* The U.K. Financial Conduct Authority (FCA) warns BitMex it is not authorized to operate in the U.K.
* Lending startup Babel Finance reaches a record of $380 million in outstanding loans.
* Trident Crypto Fund hack results in data leak of about 266,000 users registered.
* Square Crypto awards grants to bitcoin developers.
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Mar 4, 2020
Mar. 4th: India Lifts Ban On Cryptocurrency Trading
Quick Take
* The Supreme Court of India lifts a cryptocurrency ban, enabling crypto firms to access baking services.
* Decrypt to launch its own token that rewards readers for interacting with brands.
* ConsenSys and EY launch enterprise-targeted Baseline Protocol.
* HTC announces the EXODUS 5G Hub blockchain router for running a full bitcoin node.
* BitGo launches institutional lending services to its custody clients.
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Mar 1, 2020
Celer Network Off-Chain Layer-2 Scaling And State Channels
Celer Network is a leading layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contracts.
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Feb 27, 2020
SKALE Blockchain Smart Contract Scaling
SKALE Labs is a blockchain scalability platform that provides high-speed consensus and empowers dApps to run smart contracts. SKALE acts as a middle-ware layer which provides high-speed consensus and empowers dApps to run smart contracts at the rate of millions per second on platforms such as Ethereum, EOS, and other Smart Contract Blockchain platforms.
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Feb 24, 2020
P2P Trading, Atomic Swaps, and Node Operators with RADAR
RADAR is building products for access to financial infrastructure. Its REDSHIFT product bridges payments between the Bitcoin Lightning Network and Ethereum. They've also built ION, which services to educate and onboard users to the Lightning Network. Their latest project, DEPLOY is a node operations platform that helps developers spin up and maintain blockchain infrastructure. RELAY is a peer-to-peer trading platform built on the 0x protocol.
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Feb 22, 2020
3Box Shared Backend Platform For Web3 Applications
3Box is an open-source data storage solution for web3 that allows end-users to manage their public and private information on the decentralized web. 3Box CEO Michael Sena joins me to discuss blockchain identity, decentralized storage, and enabling applications with zero backends.
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Feb 21, 2020
Aave Flash Loans And Lending Protocol
Aave is an open-source and non-custodial protocol to earn interest on deposits and borrow assets with a variable or stable interest rate. Aave Founder Stani Kulechov joins us to discuss the Aave lending protocol, risk assessment framework, and flash loans.
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Feb 20, 2020
Gasless Ethereum Transactions With Biconomy Relayer Network
Biconomy is a relayer infrastructure network and transaction platform enabling developers to build applications easily and reduce the friction between your applications built on the blockchain and your end-users.
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Feb 19, 2020
Orchid Decentralized VPNs And Following The White Rabbit
Orchid is building open source tools for custom VPN configurations and privacy services. CEO Steven Waterhouse talks about the vulnerabilities of todayās VPNs, the purpose of OXT, and shares his experience with being SIM swapped.
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Feb 17, 2020
Kyber Network On-Chain Token Swaps And Decentralized Liquidity Pool
Kyber Network is an Ethereum-based protocol that allows for the instant exchange and conversion of digital assets and cryptocurrencies with high liquidity. Itās similar to the 0x project but instead performs all its actions on the blockchain. Deniz Omer, Head of Growth at Kyber Network, joins us to discuss decentralized liquidity, challenges of decentralized exchanges and his thoughts on the recent bZx exploit that resulted in a loss of roughly $350k.
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Feb 8, 2020
Rise of the DAOās with James Duncan
James Duncan is the co-founder at Abridged, a toolkit for rapid blockchain application development. Previously, James worked at the Ethereum Foundation, managing a multimillion-dollar grant budget that funded projects like Gitcoin, Uniswap, and DappNode. In this weekās episode, we discuss the history of DAOs, DAO structures, and uses for DAOs in a regulated environment.
Show Links
* Vitalik on āDACā in 2013
* MolochDAO
* Signal DAO
* Abridged on Gitcoin
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Jan 23, 2020
Jan. 23rd: World Economic Forum Develops CBDC Framework
Quick Take
* Amun launched ā21Shares Short Bitcoin ETP (SBTC),ā enabling traders to short bitcoin.
* BitMEX announced the launch of an XRP-USD quanto swap.
* Gemini passed the SOC type 2 security compliance examination conducted by Deloitte.
* Pornhub adds support for Tether (USDT) via the TRONlink wallet.
* The World Economic Forum developed a framework for central bank digital currencies (CBDCs).
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Jan 22, 2020
Jan. 22nd: BCH Fork Will Cut Block Rewards By 12.5 Percent
Quick Take
* Bakkt plans to launch a consumer app later this year.
* Bitcoin cash miners plan to execute a soft fork that would cut block rewards by 12.5 percent.
* Grayscale has extended financial support for the Ethereum Classic Cooperative.
* Binance has invested in open-data framework provider Numbers.
* Square received a U.S. patent for a new network with seamless crypto-to-fiat transactions.
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Jan 21, 2020
Jan. 21st: Vodafone Leaves Libra Association To Focus On M-Pesa
Quick Take
* Square Crypto launched a Lightning Development Kit (LDK) for integrating Lighting on bitcoin wallets.
* BTCPay Server released āBTCPay Vault,ā a desktop application for integrating hardware wallets.
* British telecom company Vodafone left the Libra Association to focus on expanding M-Pesa.
* Silvergate Bank recruits Blockstream executive Benjamin Richman.
* Huobi launches a brokerage platform for institutional investors.
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Jan 20, 2020
Jan. 20th: Australian Regulators Approve Raiz Invest Bitcoin Fund
Quick Take:
* Bitfinex-backed startup RenrenBit yielded $1.4 million in revenue for Q4 2019.
* South Korean regulators review a taxation plan with a virtual currency tax rate of 20%.
* Australia-based Raiz Invest was granted approval for a retail bitcoin fund.
* Mining operator Argo Blockchain grossed revenue of $11 million in 2019 and plans to ramp up production.
* Open Interest for CME Bitcoin Futures spiked to over $235 million worth of positions.
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Jan 17, 2020
Jan. 17th: KyberSwap Leaves EU Amid 5AMLD Regulations
Quick Take:
* KyberSwap leaves Malta for British Virgin Islands due to the EU's new 5AMLD regulation.
* Libra forms Technical Steering Committee to oversee development of the project.
* Grayscale surpasses $1 billion in total investments.
* Binance is in talks with Z Corporation, a subsidiary of Yahoo Japan, to operate a joint exchange.
* The SEC has filed a lawsuit against operators of Blockchain Terminal's $30 million ICO.
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Jan 16, 2020
Jan. 16th: Gemini Launches āNakamoto Ltd.ā Captive Insurance
Quick Take
* Gemini launched Nakamoto Ltd., a captive insurance company with a $200 million insurance policy.
* Former CFTC Chair Christopher Giancarlo has formed the Digital Dollar Foundation.
* CSA notice suggests custodial crypto exchanges are subject to Canadian securities laws.
* Lawmakers propose amendment to IRS tax code that would exempt realized gains under $200.
* Bithumb seeks to nullify a $70 million tax bill. The court has 90 days to grant or dismiss the motion.
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Jan 15, 2020
Jan. 15th: Enterprise Ethereum Alliance Launches A TestNet
TLDR:
* EEA launched a TestNet in partnership with Whiteblock, enabling members to develop in a sandbox environment.
* Kadena fully launched its hybrid blockchain, enabling human-readable smart contracts and interoperability between public and private chains via Pact.
* Bitwise withdrew its bitcoin ETF application, but plans to refile at a future time.
* Kraken acquired Australia-based cryptocurrency exchange Bit Trade.
* Anchorage acquired data analytics firm Merkle Data and announced the launch of its brokerage service Anchorage Trading.
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Jan 13, 2020
Ethereum Wallets with Authereum Co-founder Chris Whinfrey
Authereum is a login and wallet solution for dApp developers who want to provide their users with a web2-like user experience while maintaining censorship resistance.
Watch on YouTube: https://youtu.be/HUA7BbvXtlI
Show Links
* Authereum
* Chris Whinfrey on Twitter
* The Gas Siphon Attack
Dec 17, 2019
Inter Blockchain Communication (IBC) with Zaki Manian and Dean Tribble
IBC is a standard that permits anyone to quickly and securely transfer money across the web. Zaki Manian is the head of research at Tendermint Inc, an implementation of BFT consensus algorithm & PoS cryptoeconomics and a core contributor to the Cosmos Network. Dean Tribble, CEO at Agoric, is working on providing a safer, simpler way to program smart contracts.
Support this podcast by leaving a review on Apple Podcasts. Also follow us on Twitter to let us know your thoughts. Thanks for listening!
Dec 13, 2019
Week of December 13, 2019
Hereās the rundown from This Week in Crypto:
* More than 80 Japanese banks have expressed interest in joining JP Morganās Interbank Information Network (IIN), a platform for exchanging information related to international payments.
* Nike has been granted a patent for tokenizing shoes as an NFT on Ethereum.
Stellar has cancelled its 2 billion XLM airdrop to Keybase users after combating thousands of bots.
* Enterprise blockchain platform VeChain was hacked of 1.1 billion VET tokens worth an estimated $6.5 million.
* Lightcurve, an application platform by Lisk, has laid-off 21 of its 53 employees.
Support this podcast by leaving a review on Apple Podcasts. Follow us on Twitter to let us know your thoughts, thanks for listening!
Nov 22, 2019
Nov. 22nd: EIF Invests ā¬100 Million In Blockchain Fund
This is your daily roundup for Friday, November 22, 2019. The European Investment Fund invests ā¬100 million in a blockchain fund, Coinbase Custody expands Tezos staking internationally, and China cracks down on crypto related activities in Shenzhen.
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Nov 21, 2019
Nov. 21st: Chainalysis Lays Off 39 Employees
This is your daily roundup for Thursday, November 21, 2019. Chainalysis lays off 39 employees, Shanghai police allegedly raid Binance offices, and Silvergate Bank announces plans to launch crypto lending and custody services.
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Nov 20, 2019
Nov. 20th: Polymath Migrates Polymesh To Parity Substrate
Polymesh migrates from ethereum to Parityās Substrate, the U.S. Federal Reserve responds to a letter in regards to a Central Bank Digital Currency (CBDC), and ShapeShift launches its āFOXā exchange token.
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Nov 19, 2019
Nov. 19th: Fidelity Granted Trust License By NYDFS
This is your daily roundup for Tuesday, November 19, 2019. The IRS investigates Bitcoin ATMs, Fidelity Digital Asset Services has been granted a trust license, and Grayscale Investments seeks SEC reporting company status.
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Nov 18, 2019
Nov. 18th: Introducing Multi-collateral DAI
This is your daily roundup for Monday, November 18, 2019. Visa introduces the LucidiTEE blockchain, the SEC reviews Bitwise bitcoin ETF rejection, and Cashaa plans to offer banking for US crypto firms.
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Nov 17, 2019
Nov. 17th: Federal Reserve Releases Stablecoin Guidelines For Issuers
This is your daily roundup for Sunday, November 17, 2019. A Wyoming law exempts New Yorkās bitlicense requirement, Andrew Yang addresses regulating crypto, and the Federal Reserve releases stablecoin guidelines for issuers.
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Nov 16, 2019
Nov. 16th: China Stays Firm On Cryptocurrency Restrictions
This is your daily roundup for Saturday, November 16, 2019. Tether denies allegations in its class action lawsuit, China stays firm on its cryptocurrency restrictions, and Alibaba denies any form of partnership with Lolli.
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Nov 15, 2019
Week of November 15, 2019
This is your roundup for the week ending November 15, 2019. Bithumb Launches Bithumb Coin (BT), CME Group plans to offer bitcoin options in 2020, and Multi-Collateral Dai (MCD) will launch next week.
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Nov 15, 2019
Nov. 15th: Compound Finance Raises $25 Million
This is you daily roundup for Friday, November 15, 2019. Compound Finance raises $25 million, BRICS nations explore cryptocurrency for trade, and Multi-Collateral Dai (MCD) goes live on Monday.
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Nov 14, 2019
Nov. 14th: Ledger Vault Gets $150 Million Insurance Policy
This is you daily roundup for Thursday, November 14, 2019. The Coinbase debit card supports additional tokens, Ledger Vault secures a $150 million insurance policy, and the Swiss Exchange lists a Tezos exchange traded product (ETP).
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Nov 13, 2019
Nov. 13th: Bakkt To Offer Cash-Settled Bitcoin Futures
This is you daily roundup for Wednesday, November 13, 2019. Bakkt plans to offer cash-settled bitcoin futures, crypto.com announces a new exchange, and Telegram requests its SEC case to be dismissed.
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Nov 12, 2019
Nov. 12th: Justin Sun Admits Poloniex Investment
This is you daily roundup for Tuesday, November 12, 2019. Justin Sun admits investment in Poloniex, BitGo is processing 20% bitcoin of transactions, and Binance announces it will use the fiat gateway by Paxos Trust Company.
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Nov 11, 2019
Nov. 11th: HTC Launches EXODUS 1 Binance Edition
This is you daily roundup for Monday, November 11, 2019. HTC launches the EXODUS 1 Binance Edition, Abra adds support for 60 new assets, and Polkadot explores Kadenaās Pact smart contract programming language.
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Nov 10, 2019
Nov. 10th: EIDOS Airdrop Clogs EOS Network
This is you daily roundup for Sunday, November 10, 2019. Bithumb launches Bithumb Coin (BT), an EIDOS airdrop clogs the EOS network, and Ant Financial is testing its blockchain network for launch next year.
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Nov 8, 2019
Tokenizing Securities with Vertalo CEO Dave Hendricks
Vertalo is a platform for issuers and broker-dealers to manage security tokens and cap tables. Vertalo is integrated with custody platforms and KYC/AML providers to make managing a security token investorsā data easy.
Support this podcast by leaving a review on Apple Podcasts. Also follow us on Twitter to let us know your thoughts. Thanks for listening!
Nov 6, 2019
Exchanges and Compliance with OKCoin CEO Tim Byun
Tim Byun is the CEO of OKCoin, one of the oldest and largest cryptocurrency exchanges. Tim spent the first part of his career at the FDIC and Federal Reserve before getting into crypto. He previously worked compliance at BitPay and AML at Visa. Tim joins us to discuss the regulatory state around cryptocurrency exchanges, updates from OKCoin, and how to further develop adoption.
Support this podcast by leaving a review on Apple Podcasts. Also follow us on Twitter to let us know your thoughts. Thanks for listening!
Nov 6, 2019
Nov. 6th: Hong Kong Licensing Requirement For Virtual Asset Exchanges
This is your daily roundup for Wednesday, November 6, 2019. Hong Kongās SFC releases a position paper on virtual asset exchanges, Cash App restructures its bitcoin fees, and Nervos Network will launch its āLinaā blockchain next week.
ā Buy Me A Coffee: https://glow.fm/mota Hong Kong Crypto Exchange Position
Hong Kongās Securities and Futures Commission (SFC) has released a position paper on virtual asset exchanges. The paper outlines custody, KYC, and a new licensing requirement for any virtual asset firm trading at least one security token. Decentralized and non-custodial trading platforms will not be reviewed by the SFC.
Under the new licensing conditions, regulated crypto exchanges can only offer products to professional investors. Exchanges must also obtain the SFCās prior written approval for any plan or proposal to add any product to its trading platform and must provide monthly reports to the SFC. Only 2% of assets can be stored on hot wallets. Per the license reā¦
Nov 5, 2019
Nov. 5th: Stellar Foundation Burns 55 Billion XLM
This is your daily roundup for Tuesday, November 5, 2019. CipherTrace adds support for Binance Chain, the Stellar Foundation burns 55 billion XLM, and Huobi Global bans U.S. customers from its exchange.
ā Buy Me A Coffee: https://glow.fm/mota Coke Bottlers Turn To Blockchain
Coke One North America, the technology firm that manages the IT operations for Coca Cola bottlers, is using a blockchain solution from German software firm SAP to improve its supply chain process.
Andrei Semenov, senior manager at Coke One North America, told Business Insider "There are a number of transactions that are cross-companies and multiparty that are inefficient. They go through intermediaries; they are very slow. And we felt that we could improve this and save some money,"
The blockchain-based solution will allow bottlers to see real-time inventory of other franchises and will have the ability to purchase bottles from other franchises to fulfill an order in the event of a shortage. CONA says that fā¦
Nov 4, 2019
Nov. 4th: FATF Releases Guidance on Global Digital IDs
This is your daily roundup for Monday, November 4, 2019. FATF releases guidance on global digital IDs, Microsoft launches Azure Blockchain Tokens, and thousands of BitMEX users fall victim to an email privacy breach.
ā Buy me a coffee: https://glow.fm/mota FATF Releases Guidance on Global Digital IDs
The Financial Action Task Force (FATF) has published its draft guide on digital identity, for governments, regulated entities and other stakeholders to enforce AML and CFT regulations. FATF listed a number of questions acting as āareas of focus,ā requesting private stakeholders to provide feedback via email by Nov. 29, 2019. The guidance specifically lists distributed ledger technology (DLT) as a tool that can aid in the growth of digital ID networks.
Due to the rise of stablecoins across international financial systems, the organization also stressed the importance of digital identity in payment systems, which could be used to identify stakeholders in stablecoin-related transactā¦
Oct 4, 2019
Oct. 4th: PayPal Withdraws From Libra Association
This is your daily roundup for Friday, October 4, 2019. PayPal withdraws from the Libra Association, Coinbase Pro increases trading fees, and Apple CEO Tim Cook argues issuing money is for governments and not for private firms.
āBuy Me A Coffee: https://glow.fm/mota PayPal Withdraws From Libra Association
PayPal has announced its withdraw from the Libra Association. The Financial Times initially reported that PayPal is considering leaving the project due in part to the regulatory backlash Libra has received in recent months.
A PayPal spokesperson told CoinDesk that they made the decision to forgo further participation in the Libra project, to instead continue to focus on advancing their existing mission and business priorities. A Libra Association spokesperson has confirmed the withdrawal.
Calibra CEO David Marcus address a Wall Street Journal report in regards to Visa and Mastercard considering to leave the association. Marcus tweeted Ć¢ā¬Åchange of this magnitude is hardā¦
Oct 3, 2019
Oct. 3rd: MakerDAO Patches Critical MCD Bug
This is your daily roundup for Thursday, October 3, 2019. U.S. lawmakers ask the Federal Reserve to consider creating a digital dollar, IKEA settles an invoice on Ethereum, and MakerDAO patches a critical bug.
ā Buy Me A Coffee: https://glow.fm/mota U.S. Lawmakers Consider A Digital Dollar
U.S. Representatives French Hill and Bill Foster sent a September 30th letter to Federal Reserve Chairman Jerome Powell, outline concerns they have about risks to the U.S. dollar if another country or private company creates a widely used cryptocurrency, and asked whether the central bank is looking into creating its own version.
The letter stated āWe are concerned that the primacy of the U.S. Dollar could be in long-term jeopardy from wide adoption of digital fiat currencies. Internationally, the Bank for International Settlements conducted a study that found that over 40 countries around the world have currently developed or are looking into developing a digital currency.ā
The congressmenā¦
Oct 2, 2019
Oct. 2nd: Coinbase Pays 1.25% APY On USDC Holdings
This is your daily roundup for Wednesday, October 2, 2019. Coinbase will start paying users 1.25% on USDC holdings, six Japan brokerages formed an STO association, and Parity Technologies released Parity Signer v3.0.
āBuy me a coffee: https://glow.fm/mota Zuckerberg Addresses Libra KYC Concerns
According to leaked comments from an internal Facebook meeting in July, CEO Mark Zuckerberg addressed Libra KYC concerns voiced by employees. From a transcript posted by the Verge, Zuckerberg stated āThe public things, I think, tend to be a little more dramatic, but a bigger part of it is private engagement with regulators around the world, and those, I think, often are more substantive and less dramatic.ā
Zuckerberg admitted that the company has more work to do in dealing with money laundering and anti-terrorist financing. Japan Brokerages Form STO Association
Six major Japanese brokerages, including Nomura Securities and Daiwa Securities have formed the Japan STO Association, a selā¦
Oct 1, 2019
Oct. 1st: ENS Short-Name Auction Vulnerability
Hello everyone and welcome to This Week in Crypto. This is your daily roundup for Tuesday, October 1, 2019. A vulnerability has been found in the ENS short-name auction, Binance and Polychain invest In Founders Bank, and Nebulous reaches a $225K SEC settlement.
āBuy me a coffee: https://glow.fm/mota ENS Short-Name Auction Vulnerability
A vulnerability in the Ethereum Name Service (ENS) short-domain auction has allowed a hacker to obtain 16 notable domain names including apple.eth, defi.eth, wallet.eth, and pay.eth.
Auction operator OpenSea has taken full responsibility for the bug. According to the disclosure, the bug distributed ENS domains to participants who did not hold the highest bid. OpenSea stated āOne user discovered an input validation vulnerability that allowed them to place bids on a name that actually issued a different name.ā
Given that the domains are distributed on the Ethereum blockchain, it is impossible for ENS to revoke the names. OpenSea has asked for thā¦
Sep 30, 2019
Sept. 30th: Block.One Pays āOnlyā $24m In SEC Settlement
This is your daily roundup for Monday, September 30, 2019. Block.One is due to pay $24 million in an SEC settlement, over $3 million worth of FSN tokens have been hacked, and Ethereumās istanbul upgrade arrived early.
ā Buy me a coffee: https://glow.fm/mota $3.75 Million FSN Tokens Hacked
The Fusion Foundation has reported that one of its wallets, containing 10 million of the Fusion Networkās native FSN tokens and 3.5 million ERC-20 FSN tokens was drained on Saturday. The total theft is estimated at $3.75 million. The Fusion Foundation suggested that the hack may have been an inside job. Fusion Chief Product Officer John Liu said the foundation has a good understanding who the hacker was and that the criminal was well prepared.
Liu added on to say the Foundation has been tracking the whereabouts of the coins and is working to isolate them. To date, most of the stolen funds have gone through exchanges Bitmax and Hotbit. Crypto exchanges OKEX, Huobi, Bitmax, Citex and Hotbit haā¦
Sep 29, 2019
Sept. 29th: Ethereum Istanbul Upgrade Breaks Smart Contracts
This is your daily roundup for Sunday, September 29, 2019. Ethereumās Istanbul upgrade breaks smart contracts on Aragon, Ripple acquires Algrim, and BK Global falls short of paying up for itās $333 million acquisition of Bithumb.
ā Buy Me A Coffee: https://glow.fm/mota EnHelix Launched On Hyperledger Fabric
EnHelix has launched on the Hyperledger Fabric blockchain for commodities trading in the gas industry. Enhelixās blockchain solutions for the oil and gas sector comprise three major systems including Marketplace, Logistics and Settlement.
The software streamlines commodities trading with applications supporting every step of the process, including pre-trade KYC, trade execution and post-trade risk management. Automated systems and smart contracts make the energy trades faster and more organized for users. Ripple Acquires Algrim
Ripple has acquired Iceland-based crypto trading firm Algrim. Algrim had been developing a crypto trading platform that integrated with more thā¦
Sep 28, 2019
Sept. 28th: LedgerX Claims Unfair Treatment By Ex-CFTC Chair
This is your daily roundup for Saturday, September 28, 2019. The NBA disallows tokenization of contracts, Harbor receives a broker-dealer license, and LedgerX claims unfair treatment by ex-CFTC Chair Giancarlo.
ā Buy Me A Coffee: https://glow.fm/mota NBA Disallows Tokenization Of Contracts
The NBA says Nets basketball player Spencer Dinwiddie canāt sell shares in his contract for a security token offering as it violates the leagueās collective bargaining agreement. The league said the arrangement is prohibited by the C.B.A., which rules that āno player shall assign or otherwise transfer to any third party his right to receive compensation from the team under his uniform player contract.
Dinwiddie planned to tokenize part of his contract on the ethereum blockchain, in order to raise $13.5 million from his three-year, $35 million contract. The token would allow Dinwiddie to raise part of his salary up front and token holders would receive his regular salary payments, recoupinā¦
Sep 27, 2019
Sept. 27th: Lighting Network Vulnerability Patched
This is your daily roundup for Friday, September 27, 2019. The Iranean government is cracking down on mining operations, Core Scientific acquired Honeyminer, and a lighting network vulnerability that allowed attackers to drain usersā funds has been patched.
ā Buy Me A Coffee: https://glow.fm/mota Core Scientific Acquired Honeyminer
Core Scientific has acquired Honeyminer, the leading software for GPU cryptocurrency mining on personal computers. Core Scientific plans to use Honeyminerās IP and blockchain expertise for its management and monitoring solutions Minder and operating system, MinderOS. The firm will embed mining solutions natively on the MinderOS browser.
Honeyminer has been developing numerous projects that will be announced in the coming weeks through Core Scientific. Honeminer is available on Windows and MacOS. Lightning Network Bug Fix
A lighting network vulnerability that allowed attackers to drain usersā funds has been patched. Bitcoin developer Rusty Russeā¦
Sep 26, 2019
Sept. 26th: Bittrex Adopts Chainalysis Tracking Software
This is your daily roundup for Thursday, September 26, 2019. Bittrex adopts chainalysis tracking software, a new malware is stealing browser data, and Binance helps UK police find a cybercriminal involved in phishing attacks.
ā Buy Me A Coffee: https://glow.fm/mota Bittrex Adopts Chainalysis Tracking Software
Bittrex is adopting real-time monitoring software from Chainalysis to detect suspicious activity across bitcoin, ether, litecoin, dai, gemini, and more. The Know Your Transaction (KYT) software by Chainalysis flags criminal transactions by using its database of suspicious addresses.
This comes as governments and regulators around the world are increasing their oversight of crypto exchanges at the request of the Financial Action Task Force. Jonathan Levin, Chainalysisā chief security officer, said KYT automates much of Bittrexās review process. The software flags criminal activity, but a Bittrex-employed compliance analyst still needs to determine if the threat is valid anā¦
Sep 25, 2019
Sept. 25th: Bug Fix For WannaCryFake Ransomware
This is your daily roundup for Wednesday, September 25, 2019. Block.One opens a new office near Washington D.C., bitFlyer Europe and USA lists new altcoins, and Emsisoft has released a bug fix for the WannaCryFake bitcoin ransomware.
ā Buy Me A Coffee: https://glow.fm/mota New Virginia Block One HQ
Block.One, the company behind EOS, is opening a new headquarters the DC area. The new office, based in Arlington County, VA, will employ 170 people and will support the exiting Blacksburg office in research and development. Blacksburg is the home of CTO Dan Larimer and has served as the companyās HQ since inception.
Block.One already has offices in Hong Kong and Los Angeles. The company has long been criticized for its handling of its treasury, including a June stock buyback and the conversion of its native tokens into bitcoin. bitFlyer USA Lists BCH, ETC, and LTC
Japan-based exchange BitFlyer has announced the listing of additional cryptocurrencies on its European and American subā¦
Sep 24, 2019
Sept. 24th: Kik Messenger Shuts Down Amidst SEC Investigation
This is your daily roundup for Tuesday, September 24, 2019. Kik messenger is shutting down, CoinShares urges customers to lobby against the UKās FCA regulations, and the head of Japanās central bank is calling for international cooperation in regulating stablecoins.
ā Buy Me A Coffee: https://glow.fm/mota Kik Messenger Shuts Down
Kik has announced that it is shutting down the Kik messaging app, reducing the team size to 19, and will focus on converting Kin users into Kin buyers. According to Israeli news site Calcalist, Kin has laid off 70 employees. Kik has been in an 18 month long dispute with the SEC over the 2017 KIN ICO which raised $100 million. The SEC claims the KIN ICO was an unregistered securities offering.
Kik Interactive CEO Ted Livingston stated āAfter 18 months of working with the SEC the only choice they gave us was to either label Kin a security or fight them in court. So with the SEC working to characterize almost all cryptocurrencies as securities we madā¦
Sep 23, 2019
Sept. 23rd: Facebook Reveals Libra Basket Breakdown
This is your daily roundup for Monday, September 23, 2019. Facebook reveals the Libra basket breakdown, Binance US opens trading, and Matter Labs raises $2 million to research Zero-Knowledge Proofs for scaling ethereum.
ā Buy Me A Coffee: https://glow.fm/mota Facebook Reveals Libra Basket Breakdown
Facebook has revealed the percentage breakdown of a basket of global currencies that will back its Libra cryptocurrency. German newspaper Der Spiegel has reported that Facebook revealed the percentage breakdown in a letter to German legislator Fabio De Masi. Since the start, Facebook has assured that 50 percent of the basket would be backed by the US dollar. The remaining portion will consist of 18 percent euro, 14 percent yen, 11 percent British pound and seven percent Singapore dollar.
The Chinese yuan will not be included in the basket as there are many concerns over the tense trade relationship between the US and China. China views the currency as a direct threat and is developingā¦
Sep 22, 2019
Sept. 22nd: Bakkt Bitcoin Futures Are Live
This is your daily roundup for Sunday, September 22, 2019. Bakkt physically settled bitcoin futures are now live, Facebook acquires a chatbox startup, and a formal verification of bitcoinās lightning network suggest the network is stable.
ā Buy Me A Coffee: https://glow.fm/mota Lighting Network āAs Secure As Bitcoinā
Researchers from the University of Edinburgh have released the results of a formal verification of bitcoinās lightning network. The results show that the underlying cryptography piled together to make the payment system work is stable. According to the researchers, the main result is that lightning network is as secure as bitcoin.
The researchers looked at various cryptographic technologies that underlie lightning, including digital signatures, which in the case of bitcoin can only be produced by a user with the correct bitcoin private key.
However, the research does not rule out bugs in the various implementations, only in the specifications of lighting netā¦
Sep 21, 2019
Sept. 21st: Wells Fargo Pilots Stablecoin For Internal Settlement
This is your daily roundup for Sunday, September 22, 2019. Wells Fargo pilots a stablecoin for internal settlement, Upbit delists 6 privacy coins, and CipherTrace develops a tracker for tracking illicit tokens.
ā Buy Me A Coffee: https://glow.fm/mota Upbit Delists Privacy Coins
South Koreaās Upbit exchange has announced the delisting of privacy coins monero (XMR), dash (DASH), zcash (ZEC), haven (XHV), bittube (TUBE), and PIVX (PIVX). The six privacy coins will no longer be supported after September 30th. Upbit said money laundering and the possibility of inflows of privacy coins to the exchange were the leading reasons for delisting, following the guidelines of the Financial Action Task Force. This follows OKEX dropping five privacy coins earlier this month. Wells Fargo Pilots Stablecoin
Wells Fargo says its blockchain for internal cross-border money transfers is faster and more efficient than SWIFT. Wells Fargo Digital Cash uses R3ās Corda Enterprise software to handle inteā¦
Sep 21, 2019
Week of September 20, 2019
Hereās the rundown from This Week in Crypto:
* OKEX & UpBit delist privacy coins
* JPMorgan, Bank of America, and Wells Fargo pilot blockchain initiatives
* Loom Network is bringing DeFi to the Tron and Binance chains.
Support this podcast by leaving a review on Apple Podcasts. Also follow us on Twitter to let us know your thoughts. Thanks for listening!
Sep 20, 2019
Sept. 20th: OCBC Joins JPMorgan Interbank Information Network
This is your daily roundup for Friday, September 20, 2019. OCBC joins JPMorganās blockchain initiative, CME Group plans to launch bitcoin options in early 2020, and the U.S. Financial Services Committee plans to question the SEC about cryptocurrencies next week.
ā Buy Me A Coffee: https://glow.fm/mota Upcoming Financial Services Committee Meeting
The U.S. Financial Services Committee plans to question the Securities and Exchange Commission (SEC) about cryptocurrencies and Facebookās Libra project next week. The hearing will cover the SECās actions around the cryptocurrency space, as well as private markets vs. public markets; public company disclosures; enforcement; and fiduciary responsibilities. The SEC is currently reviewing two bitcoin ETF proposals, filed by Bitwise Asset Management and Wilshire Phoenix. OCBC Joins JPMorganās Blockchain Initiative
Southeast Asiaās second-largest bank, OCBC has joined JPMorganās Interbank Information Network, a permissioned blockcā¦
Sep 19, 2019
Sept. 19th: Bank of America Joins R3ās Marco Polo
This is your daily roundup for Thursday, September 19, 2019. Bank of America joins R3ās Marco Polo network, Loom is bringing DeFi to the Tron and Binance chains, and Zap wallet is launching in-app OTC trading.
ā Buy Me A Coffee: https://glow.fm/mota Bank of America Joins R3ās Marco Polo
Bank of America has joined R3ās Corda-powered Marco Polo Network to bring efficiencies to international trade and offer better services for clients using blockchain technology.
Geoff Brady, Head of Global Trade at Bank of America, stated āJoining the Marco Polo Network supports our strategic objective of turning technology advances into trade solutions that address client needs. We look forward to exploring how the new technology can generate greater transparency for our clients throughout the transaction lifecycle, making traditionally paper-based, opaque processes easier and more efficient.ā This follows the footsteps of Mastercard, who recently joined R3ās Corda project earlier thisā¦
Sep 18, 2019
Sept. 18th: Monero Mining Malware āPandaā Steals $91k
This is your daily roundup for Wednesday, September 18, 2019. Binance plans to add over-the-counter trading, a Casper Labs co-founder has been arrested for extortion, and Abra will provide a fiat-to-crypto onramp across 6,000 locations in the Philippines.
ā Buy Me A Coffee: https://glow.fm/mota Binance OTC Fiat On-Ramp
Binance is planning to add over-the-counter (OTC) trading to its platform to provide users with fiat currency gateways. During Shanghai Blockchain Week, Binance co-founder and CMO He Yi said the exchange will specifically support a fiat on-ramp via OTC for the Chinese yuan.
Fiat-to-crypto OTC trading has been critical for fiat on-ramps in China as local authorities prevent the direct connection of exchanges to banks and fiat deposits as part of the ban on initial coin offerings in September 2017. Binance is also rolling out a payment service to allow users from 170 countries to buy crypto assets using fiat currencies on Binance.com. tZero Advisor Charged With Extorā¦
Sep 17, 2019
Sept. 17th: ICOBox Charged With Securities Violations
This is your daily roundup for Tuesday, September 17, 2019. Binance US launches in 37 states, Germanyās government passed a new blockchain strategy, and the SEC has charged ICOBox for securities violations.
ā Buy Me A Coffee: https://glow.fm/mota Binance US Launches in 37 States
Binance US is open for registration and deposits with six cryptocurrencies, including bitcoin, ether, XRP, bitcoin cash, litecoin, and tether. Binance US CEO Catherine Coley said that the rollout will be āgradualā with 13 states not supported at launch. Among those excluded are New York, Florida and Texas.
Binance US currently has no trading fees, but will enforce a flat fee of 0.10 percent per trade for personal accounts starting November 1st. User who already have deposits with Binance.com will not see their funds automatically transferred to the U.S. platform. Binance US is a separate entity operated by BAM Trading Services. Venus āGovernment-Friendlyā Stablecoins
Binance is positioning itsā¦
Sep 16, 2019
Sept. 16th: Huobi Expands To Argentina
This is your daily roundup for Monday, September 16, 2019. Huobi expands to Argentina, messaging app LINE launches a crypto exchange, and China cracks down on mining operations in the Mongolia region.
ā Buy Me A Coffee: https://glow.fm/mota Huobi Expands to Argentina
Singapore-based exchange Huobi is launching Huobi Argentina, enabling users to purchase digital currencies with Argentine Pesos (ARS) using Huobiās OTC service. In October, Huobi plans to open a fiat gateway for the exchange, enabling people to buy cryptocurrencies via credit cards, wire transfers and other commonly used payment methods in Argentina, including Mercadopago. Cryptocurrencies are gaining acceptance in the region amid the devaluation of the Argentine peso.
According to a report by Statista, Argentina ranks fourth in terms of the percentage of cryptocurrency adoption worldwide with 16 percent. The report notes that Latin America has more crypto users than any other region percentage-wise. LINE Launchesā¦
Sep 15, 2019
Sept. 15th: OKEX Delists 5 Privacy Coins
This is your daily roundup for Sunday, September 15, 2019. The Libra Association will face questions from European Central Banks, OKEX has delisted five privacy coins, the U.S. has sanctioned three North Korean entities for cyber crimes, and former Consensys employee Harrison Hines is launching a crypto-native alternative to GitHub.
ā Buy Me A Coffee: https://glow.fm/mota Today in Crypto ā September 15, 2019
The U.S. has sanctioned three North Korean entities for cyber crimes. The three groups, Lazarus Group, Bluenoroff and Andariel, are believed to be responsible for the theft of $571 million worth of crypto from five exchanges in Asia in 2017 and 2018. The Treasury department believes the stolen funds have been used in the development of nuclear weapons.
A recent U.N. report alleges that North Korea has stolen $2 billion worth of crypto and fiat currencies in 35 separate attacks in 17 countries, including South Koreaās UPbit exchange, whom may have been one of the targets oā¦
Sep 14, 2019
Sept. 14th: Square Crypto gives $100k to BTC Pay Server
This is your daily roundup for Saturday, September 14, 2019. Square Crypto announced a $100k grant to fund the development of BTC Pay Server, Hodl Hodl released open source code for itās exchange, and Consensys announced the launch of itās DeFi project called Codefi.
ā Buy Me A Coffee: https://glow.fm/mota Today in Crypto ā September 14, 2019
Square Crypto announced a $100k grant to fund the development of BTC Pay Server, an open-source bitcoin payment processor. Square Crypto says this is just the first of many grants to support open-source bitcoin projects. The grants can be used to create anything, as long as itās free and open-source software that improves the security, scalability, privacy, user experience, or fungibility of bitcoin.
In response to BTC Pay Server being a competitor, Square Crypto tweeted āThis isnāt an investment in a competitor, itās an investment in the future of moneyāsomething that Square obviously has a stake in.ā Square Crypto is the cā¦
Sep 14, 2019
Week of September 13, 2019
This is your weekly roundup for the week ending September 13, 2019. The Libra Association stays firm on launching, despite rejection in the EU, KyberSwap introduces a fiat on-ramp, and Binance US is preparing to launch next week.
ā Buy Me A Coffee: https://glow.fm/mota
Libra Adds Singapore Dollar To Basket
Earlier this week, Facebook announced that it added the Singapore Dollar to itās Libra basket of fiat currencies. According to bloomberg, Facebook wrote in response to concerns from Virginia Democratic Senator Mark Warner, telling U.S. senators that the initial basket of currencies that will back its Libra cryptocurrency will likely include the U.S. dollar, the euro, the yen, the British pound and the Singapore dollar.
Facebook also left open the possibility that the Libra Association might launch Libra outside the U.S. even if regulators inside the U.S. still have concerns. Libra Seeks Swiss License
Then, FINMA confirmed that they received a request from the Libra Associā¦
Sep 13, 2019
Sept. 13th: KyberSwap Introduces Fiat On-Ramp
Happy Friday the 13th! KyberSwap introduces a fiat on-ramp, EOS will undergo a hard fork, and the Libra Association is staying firm on the launch of the Libra cryptocurrency.
ā Buy Me A Coffee: https://glow.fm/mota Libra Stays Firm On Launch
The Libra Association is staying firm on the launch of the Libra cryptocurrency. In an interview with French publication Les Echos, Libra managing director and COO Bertrand Perez addressed the concerns of regulators about Libra posing a threat to financial stability, stating that āIt is their monetary policies that will influence the Libra through the basket and not the other way around.ā
He added that the reserve will be invested in the basket currencies and in very short-term government debt. He also said that the reserve would amount to no more than $200 billion. Perez readdressed that the U.S. dollar should have at least half the weight of the basket and that āIf there is a catastrophe on a currency or a crisis between now and the Lā¦
Sep 12, 2019
Sept. 12th: France Minister On Libra And Crypto Taxes
This is your daily roundup for Thursday September 12th, 2019. France will not tax crypto-to-crypto trades, France minister Bruno Le Maire wants to block Facebookās Libra project, Binance is opening trading for itās BUSD stablecoin, and Zelle co-founder Mike Kennedy is joining Interstellar as itās new CEO.
ā Buy Me A Coffee: https://glow.fm/mota No Crypto-Crypto Tax In France
According to Bloomberg, France will not tax crypto-to-crypto trades, but will tax gains when they are converted back into traditional fiat currency. French finance minister Bruno Le Maire stated āWe believe that the moment the gains are converted into traditional money is the right time to assess tax,ā Franceās Value-Added Tax (VAT), which shares a similar burden to a retail sales tax, will only be assessed when a cryptocurrency asset is used to acquire an asset or a service. France To Block Libra Project
Bruno Le Maire is also strongly opposed to Facebookās Libra cryptocurrency, and wants to pā¦
Sep 9, 2019
Welcome to This Week in Crypto
Hello everyone and welcome to This Week in Crypto, a roundup on the latest in blockchain and cryptocurrency news. Iām your host, Jose Mota, formerly the host of Daily Crypto ā and this is the trailer episode for This Week in Crypto. Be sure to tune in to the podcast for daily news and weekly interviews with guests from top projects in blockchain.
This Week in Crypto is different from other podcasts because we are transparent and you will find links to all sources in the description. We also donāt charge guests to be on the show, unlike other podcasts out there. You can submit any inquiries and requests to info@thisweekincrypto.co.
This Week in Crypto is available on your favorite podcast app, including Google Home and Alexa devices. Also check out our video series available on YouTube. Lastly, you can help support the show by subscribing and leaving us a review on Apple Podcasts. Thanks for listening!
ā Buy Me A Coffee: https://glow.fm/mota