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Last week crypto news tonight #15

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Bitcoin has died yet again.  It has dipped yet again. Yet, more and more innovations continue to flock to blockchain (and by token, to bitcoin and cryptocurrencies).  This week’s news is anything but boring. 

Follow the link to see previous week’s editions consolidated into one Crypto News compilation.

South Africa’s First National Bank (FNB) is shutting down crypto-linked exchange accounts

First National Bank of South Africa has put all the crypto exchange linked accounts on notice about closing their accounts. We can confirm that FNB has decided to close our account with effect from end March 2020, along with other crypto exchanges in South Africa,” Luno Africa general manager Marius Reitz told the news.  

Alibaba to bring film rights to blockchain

Alibaba will introduce blockchain to boost the film industry.  Li Jie, senior vice president of Alibaba Pictures, believes blockchain has specific advantages that can be brought to film industry that has been slowing down because of online entertainment options, such as – Netflix, Amazon, Hulu, etc.,  

Binance acquires WazirX to bring multiple fiat-to-crypto gateway

binance logo“The acquisition of WazirX shows our commitment and dedication to the Indian people and strengthen the blockchain ecosystem in India as well as another step forward in achieving the freedom of money,” said CZ (Changpeng Zhao), Binance CEO, talking about WazirX’s acquisition that will bring Indian Ruppee onto the multi fiat-to-crypto gateway to the next most populated country outside of China.  “The next phase of mass adoption for Crypto will arise from developing nations around the world. India with more than a billion people is primed for massive crypto adoption and this acquisition by Binance gives us the opportunity to not only cater to India but every developing nation where fiat on-ramps have to be built. The acquisition is yet another step towards achieving our shared mission with Binance of decentralizing the world,” said Nischal Shetty, WazirX CEO.

US is looking into the possibility of issuing its own CBDC

China’s recent foray into Digital Currency that could threaten the US Dollar primacy as the global reserve currency is getting the attention it deserves.  Chair of The Federal Reserve System, Jerome Powell, has sent a letter to House of Representatives, stating that Federal Reserve is “carefully evaluate the costs and benefits of issuing general purpose CBDC.” 

Bitcoin dies one more time, this time on the account of Google and Citi partnership

bitcoinPack up guys – Bitcoin has died, again.  The lack of maturity in the space was once again evident when Forbes ominous “kill bitcoin” phrase made rounds.  Forbes was referring to Google’s partnership with Citi to offer checking accounts.  Last time market reacted with euphoria on the news of Facebook releasing its own cryptocurrency.  Market was already beaten up with the ongoing war of words between Binance and The Block and Google’s partnership re-emerged to push the market to lower lows. Bitcoin maximalists who have seen Bitcoin die over 300 times seem unphased with the news.  

Binance CEO, CZ, threatens to sue media outlet The Block

Fake news or not, The Block, a media news outlet, was subject of massive frenzy over the news it published about Binance offices being raided by police in Shanghai. CZ, who at the beginning seemed to be expecting an apology got further furiated when The Block doubled down on its ‘police raid’ claim with change in language from ‘raid’ to ‘visit from authorities’. In response, CZ tweeted “we will be suing them.”  While CZ responded saying “Binance hasn’t had an office in Shanghai for more than two years.” To this, The Block followed up with an article stating “The Block subsequently verified the address of the first office with an industry source, who declined to comment on the record for fear of reprisal. The source confirmed the address of the one office, saying that the address was given to her on an occasion they needed to pick something up from Binance.” The consequences of this silly feud was felt by the crypto space with Bitcoin losing over $1000 in 24 hours (on 22nd) and shows how immature this whole space is from a market resilience perspective.

Oman Oil & Orpic Group uses blockchain with HSBC on R3 Corda’s platform

According to Oman Observer, “man Oil & Orpic Group and HSBC Bank Oman SAOG have successfully executed the first blockchain trade finance transaction in the country.”  HSBC Oman issued a fully digitized Line of Credit on R3 Corda’s blockchain platform. Issuing the Line of Credit over Blockchain is safer and faster, in fact, according to the news, it took less than 24 hours to complete the transaction instead of 5-10 days in the traditional model.  While the speed is enhanced significantly, the blockchain based transaction has not skipped any process steps that are followed in the traditional system. Nizar al Lawati, Chief Financial Officer of Oman Oil and Orpic Group said: “As an integrated Group, we are proud to be among the first in the region taking serious steps in digitising Trade Finance through exploring Blockchain technology and responding to the 4th Industrial Revolution. This wouldn’t have been possible without the commitment of our team, our customer’s cooperation and the support we received from the Central Bank of Oman and HSBC Oman.”

Harvard University hosts “Digital Currency Wars: A National Security Crisis Simulation”

Is the threat to US Dollar real? Harvard University’s National Crisis simulation looked to address this and other issues surrounding China’s decision to issue digital currency to “bring more and more countries to use Chinese Yuan.”

Thank you for reading this article. Check out all the Important Blockchain and Cryptocurrency news from 2017.

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Press Release

Discussions.app to Launch Reputation System Exclusively on Telos Blockchain

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telos Discussion app

Decentralized media platform Discussions.app is developing its infrastructure and reputation system on Telos, completing a full migration from EOS

LONDON –– March 2, 2021 Telos (www.telos.net), one of the most active blockchain platforms in the world according to Blocktivity and CryptoDiffer, today announced that decentralized media platform Discussions.app will be using Telos as the primary infrastructure and development platform for its Aura, a decentralized reputation system aimed to provide DApps a sense of the value of their interactions by providing an intuitive and direct way to quantify the “realness” of a user. Discussions.app will be migrating all of its core operations and content from EOS, where Discussions.app had been one of that blockchain platform’s more popular DApps.

“In the time we’ve spent working with Telos, we couldn’t ask for a more capable or engaged partner. What we are looking to do now is a full migration to Telos. This will better serve Discussions.app and our users by focusing on a well-governed, and well-operated blockchain with a clear vision of the future.” said Jacques Xu, Co-Founder of Discussions.app. “We will continue to support and honor EOS tokens on our platform, but will move our core smart-contracts on to Telos and be prepared to tap into the technical advancements to come on Telos.”

Discussions.app is a decentralized, Reddit-inspired social aggregation platform that empowers users to control their own digital identity and connections while sharing content from anywhere on the web, regardless of unilateral actions by other host platforms. Integral to Discussions.app is its new reputation system, to be built on Telos, which simplifies the process for interacting with blockchain technology and provides developers with critical data about its users.

“We are not only technically in sync with Discussions.app, but philosophically in sync as well. We are honored and excited that the Discussions.app team feels our platform has everything it needs to take the development of technologies like Aura to the next level,” said Douglas Horn, Telos Chief Architect. “We look forward to joining with other apps and platforms like Discussions.app that want and need every resource possible to build the future of the decentralized web.”

In addition to speed, capacity and zero transaction fees, Telos has many advantages over other platforms that make it the most advanced blockchain software for smart contracts and decentralized applications. Telos’ governance structure gives developers and community members control of the platform to a greater extent than any comparable blockchain, rather than a centralized entity, small groups, or individual whaled and these governance functions are made available to any Telos developers to use in their own DApps via the Telos Decide governance engine. The Telos network currently supports 10,000 transactions per second (TPS) with zero transaction fees, compared to Ethereum’s 14 TPS with fees.

The full Telos Technical Roadmap 2021 can be viewed here.

About Telos

Telos is a high-capacity network and one of the most active blockchain platforms in the world according to Blocktivity. Telos features a robust, third-generation blockchain governance system including advanced voting features and smart contracts that can be fully configured to meet the needs of any developer. Created by developers for developers, Telos extends its state-of-the-art blockchain and governance features to all DApps on its platform, delivering the best user experience in the marketplace. Telos also supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications. For more information, please visit www.telos.net.

About Discussions.app

Discussions.app is a decentralized media platform that empowers users to control their own digital identity and connections while sharing content from anywhere on the web. The network is powered by the ATMOS token. To learn more, please visit discussions.app.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Press Release

ICON Launches Decentralized Autonomous Grant Program, Allocating 1 Million ICX to Innovative Blockchain Projects

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ICON Staking icx new updates

The ICON Contribution Proposal System delivers a streamlined, transparent, open-source approach to funding projects on the ICON network

ZUG — February 26, 2021 —  ICON (www.icon.foundation), one of the world’s largest decentralized networks, today announced the launch of its decentralized autonomous grant program to support innovative blockchain projects. Initially, ICON will fund the program with 250,000 ICX (over $400,000 USD), but by June 2021 up to 1 million ICX will be managed by P-Reps (Validators) and funded through ongoing block rewards.  The ICON Contribution Proposal System delivers a streamlined, transparent approach to funding projects on the ICON network. It is fully open source and designed to support both internal projects, such as community building initiatives, infrastructure projects, and developer tools; as well as to provide bootstrapping to for-profit projects built on ICON.

“Blockchain development has made tremendous strides over the past year, and our community grant program provided significant funding to support this growth on the ICON network,” said Min Kim, ICON Project Founder. “This decentralized autonomous grant program is a way to support a range of projects, including community-building initiatives, nonprofit infrastructure projects, developer tools, educational resources and much more.”

The new ICON Contribution Proposal System replaces its Grant Program, creating a more transparent, streamlined system for funding projects on the network. Here’s how it works:

  1. Projects submit their proposals and select a Sponsor P-Rep to vouch for their proposal during a 15-day Application Period.

  2. During a 15-day Voting Period, P-Reps who have registered to manage the Contribution Proposal System will vote on proposals.

  3. Approved proposals will receive funding in monthly installments to support their projects. Their Sponsor P-Rep will receive a monthly reward for supporting the project.

  4. Approved projects will be asked to share a monthly progress report to continue receiving funding. P-Reps will review the monthly progress reports, and can discontinue funding for projects that are not progressing sufficiently.

The Contribution Proposal System owned and operated by the ICON Network itself and fully open source, so that community members can propose amendments. Any changes to the system will occur through ICON’s Network Proposal process. This release also strengthens the core responsibilities of Public Representatives, or P-Reps, the title given to consensus and governance block validators on the ICON Network. They are required, at minimum, to operate a node and participate in voting for proposals that are submitted. A detailed walkthrough of how to use the CPS, as both an ICONist and a P-Rep, can be found here.

“The ICON Foundation and the iBriz-Iconosphere P-Rep teams relied on community feedback to create a robust framework and design to fund innovation in our ecosystem,” said Ricky Dodds, Strategy and Communications Lead at ICON. “We look forward to seeing the ICON Project turn into a fully functioning DAO with many projects funded through this system.”

At launch, the ICON Foundation will allocate all of its block rewards into the Contribution Proposal Fund on a regular basis. After migrating to ICON 2.0 later this year, it will be funded directly through network inflation.

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CryptoSpace

Best of the Best YouTube Channels to Follow for your Crypto Fix

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Best Crypto Youtubers

There are literally 100s of crypto-experts on YouTube who claim to have cracked the secret code that can make you millions in crypto riches. 

Who should you follow?  

We have followed many YouTubers, subscribing and unsubscribing to avoid the noise and after having been in this space for over 4 years, we have narrowed our favorite crypto YouTube channels to just a few.

In this article, we will show you our favorite YouTubers and what we like about each one of them. 

Overall number 1: Coin Bureau

coin bureau When it comes to deep analysis, composed demeanor and outright professional crypto channel in the entire space, we have not come across anyone better than Guy.  

Not only is he great at the reviews and in depth analysis, if you have followed the channel long enough you will realize that he reviews the gems long before others pick on the momentum.  

He picks solid projects, never shills a shitty project to his followers and is upfront about his views which he backs up with solid research.

This is the best no-shill and no bull crypto channel on YouTube in our view.

Best original content: Chico Crypto

chico crypto review

If you love a bit of quirky, goofy and somewhat out there viewpoints on the crypto space then there is no one better than Tyler at Chico Crypto. 

His investigation stretches the boundaries of research (and sometimes common sense) but he does do a bang up job on every video.  

I am yet to come across a boring video on this channel.  I will admit that his live streams can be a drag sometimes but his followers seem to relish his presence.

You may not like or agree with what Tyler presents on this channel but you will absolutely be floored by the originality.   

Best TA: TIED: Crypto Capital Venture & Tyler S

                         Crypto Capital Venture Tyler S crypto

With under 90K subscribers at the time of this writing, Dan may not be the most popular of the Crypto channels [yet] but his TA analysis is just so easy to follow.

Dan makes it easy for non-technical folks to understand what’s going on in the market in the language of TA.

There are other folks on YouTube who are good at TA but their videos are so obnoxious that they leave you with a massive headache.  

Not Dan’s Crypto Capital Venture channel.   Dan walks you through the markets in such a calm, composed and professional manner that you might start caring about those candles.

We are forced to share the Best Title for crypto TA on YouTube with Tyler S. 

Tyler’s expertise on TAs is quite awesome and he has a funny way of delivering it too.  

Best expertise on the markets: Alessio Rastani

Allesio RastaniIt doesn’t matter if you are just lurking around the crypto markets or if you trade in the traditional markets…Alessio is one of the best guys on YouTube for great insights into the broad market and its impact on Crypto.

While everyone on YouTube (not the people on this list, of course) is either quick to FOMO or FUD, Alessio is just grounded in fundamentals and technicals.

When you are high on FOMO, he can bring you to the ground.

When you are getting buried in FUD, he can lift you up with facts, not false hopium.

Alessio is personable, professional and an honest guy to follow to understand the markets ahead of others.

Best round up of the market: AltCoin Daily

Altcoin DailyWant to stay up-to-date on what’s happening in the crypto space but don’t have time to keep up?  

Fear not. AltCoin Daily got you covered.

This channel is just a gem among the channels that bring crypto market updates in a concise and palatable format.

You can sense the dedication in the way Austin brings the updates and his opinions in front of his audience. No wonder the channel has recently hit over 420K subscribers.

Best humble and honest take: Crazy 4 Cryptos

Crazy 4 crypto

What does Crypto mean to you?

Most people will say ‘Freedom’, yet, most of the YouTubers we see on the Tube will be broadcasting from their bedrooms or backyards (nothing wrong with that) but not Dave.

He has been in Thailand and streams his videos directly from the beach.

You will immediately connect with his simpleton style and honest reviews.  

He has been touting about Theta when it was trading in cents and now those who followed him are very happy.

Besides Theta, Dave talks about a lot of topics in terms of storing your coins, being careful with people and how to have a long-term plan in space.

Honorable mentions

Team Underground (TA)

We had too many channels to weed out for the TA category and that is why we had to pick two winners, however, Team Underground is a channel we cannot skip.

This underdog channel has been more right about the calls than any other mainstream channel. If you like your TAs and technical side of crypto – be sure to check this channel out.

BitBoy

People either love him or hate him.  There is no middle ground when it comes to BitBoy.  

Personally, we have to weed out a lot of noise while browsing through his channel since he picks a new project every few days (or weeks) and can become overwhelming. 

However, the fresh content is worth the watch.

EllioTraders

The guy behind this channel is truly vested in the space. So much so that he recently launched his own crypto project.

It’s definitely refreshing to see the YouTuber taking his expertise into a live project.  

The reason we did not list this channel on the BEST list is because of the constant feed of projects he pitches that is a bit overbearing for our taste.  

Nevertheless, a great channel and great recommendations.

Conclusion

There are 100s of YouTube channels out there but not everyone is worth your attention. We hope you found some channels of interest through this article.

Note: if we missed any gem of a channel, please let us know and we will be more than happy to add it after review.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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