Daily analysis of cryptocurrencies 20191026 (Market index 53 — Neutral state)
https://preview.redd.it/xj2wp250wuu31.png?width=1920&format=png&auto=webp&s=d3073dd2fc0ce4e69fcdcf8452d793d47ab66af7 Chinese Encryption Law To Come Into Force Next January China has passed the Encryption Law during the 14th session of the 13th National People’s Congress (NPC) on Oct 26, which will take effect on January 1, 2020. Libra’s Threat To Central Banks Raises Questions About Its Launch According to AMBCrypto, Beatrice Weder di Mauro, President of the Centre for Economic Policy Research, is the latest think-tank professional to shed some light on Libra’s positive impact. In a recent interview with CNBC, di Mauro admitted that Libra may not receive a green light from lawmakers, adding that it had however managed to sow the seed for the introduction of another global digital currency. YI Huanhuan: There Will Be National-Level Digital Bank, Digital Asset Exchange, Digital Investment Bank And Digital Asset Management Services Beijing Financial Association Research Institute Dean Yi Huanhuan commented on this politburo study session. YI has made nine predictions on governments’ action and industrial trend based on XI’s remarks. 1. The Cyberspace Administration will likely oversee this [blockchain] field; 2. To establish a national association of blockchain; 3. A large number of blockchain pilots will appear first in the financial industry, and then in government administrations; 4. Chinese national digital currency will play an important role in the world; 5. There will be state level digital banks, digital asset exchanges, digital investment banks and digital asset management; 6. The global blockchain network standards are likely to be set by China; 7. China will generate a large number of world-class leaders, entrepreneurs, and scholars in blockchain; 8. The performance of blockchain will be improved significantly in the next three to five years; 9. Mathematics, cryptography, and computational theory will become the most popular subjects. Former Deputy Of BOC Governor: China has high blockchain visions, but should be careful with the trading risks and speculations Former Deputy Governor Of Bank Of China WANG Yongli shared his thought with CoinNess that China shows its ambition of establishing a leading global position in blockchain by researching and developing blockchain technology and applications. However, the blockchain technology is on an initial development stage. He urges investors to be careful with the trading risks and speculations as the definition of blockchain hasn’t been clarified, and there are existing issues like “decentralisation, security, high energy consumption” to be solved. Video Lessons Targeting Blockchain Technology Go Live On CCPPD’s Platform Following the news that XI Jinping, Chinese President and General Secretary of the Communist Party of China, addressed the importance of blockchain in making technological breakthroughs at the eighteenth group learning event organized by the Political Bureau of the Central Committee Oct 24, the Xuexi.cn platform led by the Publicity Department of the Central Committee of the Communist Party of China, or CCPPD, announced Oct 26 the launch of the video lessons targeting the blockchain technology. The videos with a total of 25 lessons mainly include the preliminary introduction to the blockchain technology, the consensus agreement, Bitcoin, Ethereum and smart contracts, blockchain performance improvement, blockchain security, the basic knowledge of big data, in-depth analysis of blockchain instances, as well as the concrete programming code examples.
Encrypted project calendar（October 26, 2019）
KAT/Kambria:Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS.BTC/Bitcoin:CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28thHorizen (ZEN):26 October 2019 (or earlier) ZEN 2.0.19 Upgrade Zen 2.0.19 upgrade at block #610000, which is expected around October 26.IOTA (MIOTA):26 October 2019 Taipei Workshop “Sam Chen, our Software Engineer, will explain how to use IOTA C Client library & will demonstrate 3 IoT projects running on ESP32 at…”Streamr DATAcoin (DATA):26 October 2019 Data Union Demonstration “This Saturday, Streamr will hold the first demonstration of data unions, with a community built plugin for users to crowdsell…”
Encrypted project calendar（October 27, 2019）
ICON (ICX):27 October 2019 Money 20/20 USA Event Money 20/20 USA in Las Vegas from October 27–30.Aeternity (AE):and 5 others 27 October 2019 CoinAgenda ConferenceCoinAgenda conference in Las Vegas from October 26–28.
Encrypted project calendar（October 28, 2019）
LTC/Litecoin:Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USABTC/Bitcoin:Mt.Gox changes the debt compensation plan submission deadline to October 28ZEC/Zcash:Zcash (ZEC) will activate the Blossom Agreement on October 28thStellar (XLM):28 October 2019 Protocol 12 Upgrade Vote Horizon v0.22.0 has been released, which supports Protocol 12. This gives everyone ample time to prepare for the Protocol 12 upgrade voteCelsius (CEL)and 3 others: 28 October 2019 Litecoin Summit “…The Litecoin Summit offers two fun, jam-packed days with something for everyone.”XFOC (XFOC):The IDAX platform will be online XFOC and will open the XFOC/USDT trading pair at 13:00 on October 28.MEDIUM (MDM):The IDAX platform lists MDM and will open MDM/BTC trading pairs on October 28th at 15:00.ZB/ ZB Blockchain:The “2019 Hamburg Intercontinental Dialogue Conference” hosted by ZB.com will be held from October 28th to November 9th at the Four Seasons Hotel Hamburg, Germany.BQT (BQTX)：28 October 2019 Down for Maintenance BQTX.com will be down for maintenance on the 28th of October from 7 to 12am UTC.
Encrypted project calendar（October 29, 2019）
BTC/Bitcoin:The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st.ICON (ICX):29 October 2019 Decentralization “As a result, the decentralization schedule of the ICON Network has been changed from September 24, 2019 to October 29, 2019.”Ark (ARK):and 10 others 29 October 2019 WCC 2019 Second annual Blockchain and Cryptocurrency Technology event, World Crypto Conference (WCC), October 29th — October 31, 2019.Insifa (ISF):29 October 2019 Prototype Alpha “We from Insifa have decided to be more open. Our Prototype will be developed in scrum. This means new releases every two weeks.”Enjin Coin (ENJ):29 October 2019 EnjinCraft Stress Test “Join us Oct. 29 at 7:00pm GMT for a stress test. Let’s try to break #EnjinCraft!”IOTA (MIOTA):29 October 2019 IOTSWC Barcelona IOT Solutions World Congress Digitalizing Industries conference in Barcelona from October 29–31.
Encrypted project calendar（October 30, 2019）
MIOTA/IOTA:IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.”TRON (TRX):30 October 2019 SFBW19 Afterparty “TRON Official SFBW19 Afterparty from 7–10:30 PM in San Francisco.”Horizen (ZEN):30 October 2019 Horizen Quarterly Update Join our first Quarterly Update on October the 30th at 5 PM UTC/ 1 PM EST. Deeper look into Engineering, BD, Marketing, and more.Aeternity (AE):30 October 2019 Hardfork “The third hardfork of the æternity Mainnet is scheduled for October 30, 2019.”Valor Token (VALOR):30 October 2019 Transaction Fees Resume “It’s September and the SMART VALOR Platform is still waiving transaction fees for all members, until October 30th!”Aragon (ANT):30 October 2019 Singapore Meetup “Aragon on DAOs and DeFi” from 6:30–8:30 PM.Kambria (KAT):30 October 2019 Outliers Hashed Awards Outliers Hashed awards from October 30–31.Ethereum Classic (ETC):30 October 2019 Cohort Demo Day “ETC Labs hosts it’s 2nd Cohort Demo Day. Learn about the companies and project being accelerated through the Ethereum Classic ecosystem.”
Encrypted project calendar（October 31, 2019）
Spendcoin (SPND):31 October 2019 (or earlier) Cross Ledger Mainnet “Cross Ledger Mainnet Release and SPND Token Swap,” during October 2019.Spendcoin (SPND):31 October 2019 (or earlier) Blkchn University Beta “Blockchain University Beta goes live,” during October 2019.Stellar (XLM):31 October 2019 (or earlier) Minor Release “We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.”Bitcoin SV (BSV):31 October 2019 (or earlier) BSV Conference Seoul No additional information.Seele (SEELE):31 October 2019 (or earlier) Public Network Mainne launch has been moved to Oct 31 .Howdoo (UDOO):31 October 2019 (or earlier) Howdoo Live on Huawei Howdoo begins its exciting partnership with Huawei with listing as a featured app starting in October.Chiliz (CHZ):31 October 2019 (or earlier) App Soft Launch Soft launch of Socios App by end of October.Dent (DENT):31 October 2019 (or earlier) Loyalty Program “Afterburner loyalty program launch for all 21,6 Million mobile #DENT users will be in October!”IceChain (ICHX):31 October 2019 (or earlier) Wallet Release IceChain releases wallet during October.Chiliz (CHZ):31 October 2019 (or earlier) New Partnerships New sports and new teams joining Socios (+more updates and events) will be announced in the upcoming weeks.Horizen (ZEN):31 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.PCHAIN (PI):31 October 2019 (or earlier) New Website No additional information.IOST (IOST):31 October 2019 (or earlier) New Game on IOST “Eternal Fafnir, a new role-playing game developed by INFUN is coming to you in Oct.”Achain (ACT)：31 October 2019 Mainnet 2.0 Launch “… The main network is officially scheduled to launch on October 31.”Mithril (MITH)：31 October 2019 Burn “MITH burn will take place on 2019/10/31 2pm UTC+8. “Aergo (AERGO)：31 October 2019 (or earlier) Aergo Lite V1.0 Release AergoLite, which brings blockchain compatibility to billions of devices using SQLite, released during October 2019.TE-FOOD (TFD)：31 October 2019 (or earlier) Complementary Product “Development of a new, complementary product with a new partner, which we hope to be launched in September-October.”Edge (DADI)：31 October 2019 (or earlier) Full Open Source Code base for the network fully open-sourced in September or October.BlockStamp (BST)：31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing.Perlin (PERL)：31 October 2019 (or earlier) SSA Partnership “Perlin has partnered with the Singapore Shipping Association to create the International E-Registry of Ships (IERS)”Skrumble Network (SKM)：31 October 2019 (or earlier) Exchange Release “3rd dApp: Exchange Release,” during October 2019.EDC Blockchain (EDC)：31 October 2019 (or earlier) Blockchain Marketplace “As you already know, our ECRO blockchain marketplace is ready for release, and will open to the global community in October!”BlockStamp (BST)：31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing.XinFin Network (XDCE)：31 October 2019 Homebloc Webinar “XinFin — Homebloc Webinar 2019” from 9–10 PM.Akropolis (AKRO)：31 October 2019 (or earlier) Alpha Release “Delivers the initial mainnet implementation of protocol. All building blocks will be united to one product.”Hyperion (HYN)：31 October 2019 (or earlier) Economic Model The final version of the HYN Economic Model launches in October.
Encrypted project calendar（November 1, 2019）
INS/Insolar:The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019.VeChain (VET)：”01 November 2019 BUIDLer Reunion Party BUIDLer Reunion Party in San Francisco from 8–11 PM.uPlexa (UPX)：01 November 2019 Steadfast Storm — PoS/PoW split (Utility nodes ie. master nodes) — Upcoming Anonymity Network much like TOR — Privacy-based DApps — Reduced network fees.Enjin Coin (ENJ)：01 November 2019 MFT Binding “ICYMI: On Enjin Coin’s 2nd anniversary (November 1), Enjin MFTs will be bound to hodlers’ blockchain addresses…”Auxilium (AUX)：01 November 2019 AUX Interest Distribution Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity.Havy (HAVY)：01 November 2019 Token Buyback “Havy tokens buyback, Only in 1 exchange between Idex, Mercatox & Hotbit. The exchange depends on the most lower sell wall.”Egretia (EGT):01 November 2019 Global DApp Contest SF 2019 Egretia Global DApp Contest in San Francisco.
Encrypted project calendar（November 2, 2019）
Kambria (KAT)：02 November 2019 VietAI Summit 2019 Kambria joins forces with VietAI for the annual VietAI Summit, with top experts from Google Brain, NVIDIA, Kambria, VietAI, and more!
Encrypted project calendar（November 4, 2019）
Stellar (XLM)：04 November 2019 Stellar Meridian Conf. Stellar Meridian conference from Nov 4–5 in Mexico City.Cappasity (CAPP)：04 November 2019 Lisbon Web Summit Lisbon Web Summit in Lisbon, Portugal from November 4–7.
Encrypted project calendar（November 5, 2019）
Nexus (NXS)：05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.”NEM (XEM)：05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019.TomoChain (TOMO):05 November 2019 TomoX Testnet “Mark your calendar as TomoX testnet will be live on Tuesday, Nov 5th!”aelf (ELF):05 November 2019 Bug Bounty Program Ends On Oct 24th, 2019 aelf’s biggest bug bounty will launch with a large reward pool. The event will run for almost 2 weeks.
Encrypted project calendar（November 6, 2019）
STEEM/Steem:The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.KIM/Kimcoin:Kimcoin (KIM) Bitfinex will be online at KIM on November 6, 2019 at 12:00 (UTC).
Encrypted project calendar（November 7, 2019）
XRP (XRP)： 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore.BTC/Bitcoin:Malta The A.I. and Blockchain summit will be held in Malta from November 7th to 8th.
Encrypted project calendar（November 8, 2019）
BTC/Bitcoin:The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.IOTX/IoTeX:IoTex (IOTX) will participate in the CES Expo on November 08
Encrypted project calendar（November 9, 2019）
CENNZ/Centrality:Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.HTMLCOIN (HTML):09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655.
Encrypted project calendar（November 11, 2019）
PAX/Paxos Standard:Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference.Crypto.com Coin (CRO):and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore.GoldCoin (GLC):11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…”
Encrypted project calendar（November 12, 2019）
BTC/Bitcoin:The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13thBinance Coin (BNB)and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.”
Encrypted project calendar（November 13, 2019）
Fetch.ai (FET):13 November 2019 Cambridge Meetup “Join us for a@Fetch_ai#Cambridge #meetup on 13 November@pantonarms1.”Binance Coin (BNB)and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…”OKB (OKB):13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov.Centrality (CENNZ):13 November 2019 AMA Meetup “Ask our CEO@aaronmcdnzanything in person! Join the AMA meetup on 13 November in Singapore.”OKB (OKB):13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET).
Encrypted project calendar（November 14, 2019）
BTC/Bitcoin:The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th.
Regulations Applied To Cryptocurrencies Around The World
Cryptocurrency Regulations Since the launch of Bitcoin in 2009, the economic revolution of cryptocurrencies has generated a stir in its demand, causing an increase in its popularity, therefore, increasing the transactions within the blockchain and the movements of crypto in the market. Consequently, many countries have had to implement laws and regulations to control crypto transactions within their jurisdiction, note that the blockchain are decentralized and do not respond to any public financial and legal entity, causing a lack of control over the transactions within the network. Telos Blockchain, having governance and a specific and defined arbitration system, is governed by laws and regulations that prevent many illicit actions from becoming effective, this collaborates with the cause of the countries that are implementing new regulations, becoming the ideal platform. As the demand for crypto increases, governments apply greater regulations at a global level, taking into account that cryptocurrencies are not backed by central banks, which is why many countries believe that there should be regulations that control this type of currency since it affects its local currency directly and indirectly; despite being an asset that can bring economic benefits to its users, it also lends itself to criminal actions through the network and the crypto. Any decision or economic announcement made in each country determines negatively or positively the behavior of the price of digital currencies. The regulators aim to prevent illicit actions in exchange houses, such as, for example, money laundering, terrorism financing, scams, payments to the dark web among others; According to the DEA, 10% of transactions with cryptocurrencies are used for illegal activities. During an interview with Lilita Infante of the United States Drug Enforcement Administration (DEA), published in Bloomberg, five years ago the percentage of criminal activity in blockchain transactions was 90%, at present, this number represents 10%, which has become transactions for price speculation and not for other purposes. In countries of the first world, governments have established regulations and laws that control the use of crypto assets. The regulations applied in China are not the same applied in the United States or Japan. Herein will be specified some regulations of countries where crypto have marked a trend.
Regulations In Japan
Asia, is one of the continents where more transactions of cryptocurrencies are made, not all countries that constitute the continent have been receptive, but this is not the case in Japan; where there are regulations in the commercial exchange of cryptocurrencies. The amendment that approved the use of cryptocurrencies in the country took effect as of 2017; under the Payment Services Act, only exchanges with representatives that reside in Japan and have offices in the country registered as part of the Japanese financial services agency may legally operate in the exchange of digital currencies. The National Tax Agency (Dec 2017), established that all income in cryptocurrency are classified as “miscellaneous income” and are added to the total amount of other income that a citizen has; the taxes are calculated from the total amount of the incomes and then they are taxed. Investors must pay taxes at rates that range from 15% to 55%. Japan under the Act on Prevention of Transfer of Criminal Proceeds, exchanges are required to verify the identities of customers who open accounts, keep records of transactions and notify the authorities when a suspicious transaction is recognized. Following the loss of 400 million dollars in NEM tokens in one of the most used exchanges in Japan, Coincheck, the government of Japan, according to the Library of Congress,
“The local Finance Bureau ordered Coincheck to submit a report on the same day, examined it, and issued an order of business improvement on January 29, 2018. The following day the FSA requested all cryptocurrency exchange businesses to review their system-risk management plans and report the results to the FSA. On March 2, 2018, the FSA conducted an on-site inspection of Coincheck. On March 8, 2018, the local Finance Bureaus issued business-improvement orders to seven exchange businesses, again including Coincheck. A group of cryptocurrency exchange businesses publicized their decision to form a new self-regulating body on March 2, 2018, that all registered exchange businesses will join. The body aims to obtain authorization from the FSA under the Payment Services Act.”
Regulations In China
In this country, both cryptocurrencies and exchange houses have been banned by the People’s Bank of China (PBOC), were completely eliminated in 2017, where 173 platforms were closed by 2018. Financial institutions cannot make any transactions with Bitcoin or another digital currency. In addition, they also banned ICOs and national currency exchanges. Additionally, as of January 2018, most of the crypto miners closed operations.
Unlike mainland China, there is a British ex-colony that in 1997 stopped being part of Britain and became part of the Chinese, but it was agreed that this region would be autonomous for half a century before Beijing takes full control over it. In other words, it is “one country, two systems”. This area called Hong Kong is governed by the same president of mainland China but does not comply with the same communist regulations. Unlike China, the cryptocurrencies are legal, currently, there is no legislation that regulates digital money, but they have an anti-crime organization which sanctions those who do not comply with requirements that stops cases of money laundering or fraud; Bitcoin is considered a virtual asset. Crypto Legal Status 2019
Regulations In The USA
Currently, cryptocurrencies are not considered as legal tender, although their exchange is; the regulations will depend on the state and the federal authorities since each one has different concepts of cryptocurrencies. The Financial Crimes Enforcement Network (FinCEN) considers that tokens are another value that replaces the local currency (Dollar), unlike the Internal Revenue Service (IRS) which establishes that cryptocurrencies are taxed as a property and not like a coin. In 2015, 802 people declared and paid taxes on the cryptocurrencies profits, which means that users are evading these taxes; The IRS is apparently using a unique software that helps them locate those users who are evading taxes. This theory is promoted by Laura Walter, a certified public accountant and cryptocurrency tax specialist, who published on July 8, 2018, a document that apparently has been presented to IRS agents of the Criminal Investigation division. The document indicates that the IRS intends to serve the subpoenas to request from large technology companies (Apple, Google, Paypal among others) information on users’ download history and to confirm whether they have any application in their devices related to any cryptocurrency. The United States is considered one of the countries with most transactions in LocalBitcoin, therefore, they have placed more regulations and laws when making this type of transactions. In 2018, the US Supreme Court debated the future of Bitcoin for the first time, and this and other cryptocurrencies are regulated under United States law. The treasury of the United States classified in 2013, that Bitcoin is a “convertible decentralized virtual currency”. The Commodity Futures Trading Commission, CFTC, classified bitcoin as a “good or asset” in September 2015. The US government has required all monetary service companies, such as, for example, exchanges, which carry out considerable transactions in the region, to meet several requirements: • Register in the FinCEN. • Design an anti-money laundering (AML) program. • Maintain record and make reports in case of suspicious activity (SAR). US FinCEN receives 1,500 SARs per month. • Make and deliver reports of digital currency transactions (CTR).
Regulations In Canada
Currently, cryptocurrencies are not considered as legal tender, although their exchange is, depending on the province. Since 2013, the Canada Revenue Agency has taxed the cryptocurrency transactions depending on the type of activity. Canada was one of the first countries to draw up cryptocurrency legislation, which designated exchanges as “money service businesses,” where they have to follow with anti-money laundering and know-your-client requirements among others.
Regulations In The European Union
Cryptocurrencies are legal, depending on the country the regulations will change. Exchange houses are currently not regulated at the regional level. In some cases, the exchanges have to register with the regulators of each country, where they grant these companies authorizations to operate legally within the jurisdiction of each country. In addition, each jurisdiction has different tax systems, which charge citizen’s taxes from the profits of the purchase and sale of cryptocurrency that ranges from 0% -50%.
Regulations In Australia
In Australia cryptocurrencies (treated as property) and exchanges are considered legal; In 2017 the Australian Senate declared the legality of cryptocurrencies and are subject of Capital Gains Tax. The same year, they began debating statutes for anti-money laundering to the country’s cryptocurrency exchanges; by the end of the year, cryptocurrency exchanges have to register with the country’s financial intelligence agency Austrac where they have to verify the user identity and other requirements. Currently, there are no regulations for the use of digital money as a payment method. Countries where cryptocurrency is banned or legal 2019
Consequently to the economic collapses that many developing countries have been through, there is a need for a stable economic structure that is not easily influenced by its environment. The blockchain has provided solutions to this need and many users from all over the world have had to resort to this economic model, as, for example, Third World countries, which suffer inflation, exchange controls, economic regulations by their governments, among other problems. Telos Blockchain has come to give an economical alternative to the user for the best management of their assets and their patrimony with a reliable and safe model, unlike other blockchains that have fallen into fraud, scams, money laundering among others, many countries have taken action on the matter and have placed regulations and laws that control possible security flaws in this model, such as unlawful acts.
Android This is a mobile fork of my original Krypton system for PCs. This version runs only on user's Android phones with no servers and no other PC nodes in the system. The blockchain has been designed for mobile phones and is able to completely run on Android without the need for any desktop systems or servers at all. I am unaware of any other mobile blockchain systems, so I believe this to be the first. Let's be clear this is not a mobile version of Craigslist, this is a blockchain version of Craigslist. Krypton P2P tokens - a decentralized bulletin board Krypton is a decentralized bulletin board of products or posts. The program, like Bitcoin, runs on each user's mobile phone so there is no central server. The tokens only exist because of the other users on the system. You can view anyone’s tokens but can only edit the ones you own. The system is kind of like Craigslist but built as a blockchain system. There are a total of 25,000 tokens on the system for people to use. That number cannot be changed unless the users of the system choose to update the protocol. Krypton token Features: No selling fees. Users all over the world can access your items for sale. You can update your listings anytime using your private key. Because no site is hosting the listings they cannot be taken down. Tokens are not free so the quality of products should be high. Tokens can be linked into other websites to become ad space. Add search terms to your listings with others to create decentralized stores. Why is this needed? Soon many websites will be forced to comply with government policies like in China and Russia. https://www.npr.org/sections/thetwo-way/2018/03/23/596460672/craigslist-shuts-down-personals-section-after-congress-passes-bill-on-traffickin Program UI: Home Screen On the home screen you can see a display of the most recently updated listings that have a new title. If you go to the search feature at the bottom you can search for a specific item. If you are using a full node this will search your own database. If you are a "Lite Client" it will search the peer you are connected to. If you are not conned to any peers it will say "Tor isn't ready." The QR code on the right is your public key. Tokens is the number of coins you have. Unconfirmed is the number of blocks waiting to be confirmed and (0) is the updates you have made but have not been sent to the network yet. Last Block Time is the time in seconds since the last block. Send Screen: If you click on the SEND (>) button you will see the Send screen. The green number on the top 100100 is the token you are going to transfer to another address. You can enter this manually if you want to transfer a specific ID or you can click GET ID and the program will choose an ID for you that you have. Each token has an ID unlike bitcoin so you have to choose which coin or (Token) you want to send. If you send more then one token the program will go though your list of tokens starting from the lowest number. Get QR code will open the camera so you can scan another user's public key. Listings Screen: If you click on a listing you will see the LISTING Page which looks like the image below. Here you can see the details about the item as well as Contact details at the bottom. Each user will have to come up with the best contact system for them. Using email or some kind of messaging system. Edit Screen: If you click on the EDIT button (Looks like a pencil) from the home screen you will see the image below. Here you can edit any tokens that you have. Adding a picture link from an online image hosting service will allow your listing to have a picture. The Tor system does not have a good URL redirect DNS and so it's good to test your image link first to make sure it will be available for users to see. (Many URLs are not) This service seems to work well: postimg.cc If you want one of those little icons to appear next to your listing on the home screen you can put one of these commands in the "search 1" field of your listing. If you don't it will just display the standard "coins" icon. DISPLAY_BITCOIN DISPLAY_COINS DISPLAY_COMPUTER DISPLAY_CONDO DISPLAY_CONDOM DISPLAY_DOWNLOAD DISPLAY_ELECTRONICS DISPLAY_ENGINE DISPLAY_GAS DISPLAY_GEARS DISPLAY_GIFT DISPLAY_JEWEL DISPLAY_LAW DISPLAY_MAP DISPLAY_MEDAL DISPLAY_OK DISPLAY_PANTS DISPLAY_PAPER DISPLAY_PILL DISPLAY_RING DISPLAY_SCIFI DISPLAY_SUPERMAN DISPLAY_TICKET DISPLAY_XXX Settings: If you go to the SETTINGS (Wrench) button from the home screen you will see the settings screen. (The Play Store version of the app will not have access to these features because of google play polices. But if you need them you can download the full app version from my link at the bottom of this page). Full Node Switch from the beginning this system was built for mobile so for many users who don't want to download the blockchain they can just use the "SPV" version. If Full node is on then your phone will have the whole blockchain if it's off you will only connect to other phones for the info. Mining Switch if you are a Full node and have all the blocks and also have a minimum number of tokens (currently 50) you can be a miner. You will not gain any tokens for mining. It's only to support the system. Google took the app down from the app store because of this feature even though there are no crypto currencies in this app. So the Play Store version doesn't have this button but you can use it on the full version if you download from the link at the bottom of this post. Server Switch if you are a Full Node and want to be a server you can become a Full Node Server which will allow other users to connect to your phone and download blocks from you, as well as view tokens from the blockchain. How does a phone allow for incoming connections? It uses Tor as a Tor hidden service. Use one selected peer this will force the app to connect to only one peer that you choose in the field below. If unchecked then the program will connect to random peers in the database. Peer address this is the address of the peer the program should connect to it should be a .onion address not an IP. It's possible to connect to an IP but this version of the program will not allow you to do so. Insert .onion into the blockchain if you want to be a server then you can add your .onion address into a section of your listing this way other nodes can find you by looking you up in the database not by a separate IP list. This way only people who actually have listings become hosts not just random users. Get new keys if you want to get a new public private account key you can do that here although if you haven't backed up your old key you will lose all your tokens. Copy server address if your server is active you can copy the .onion address of your phone here. Copy public key same as on the home screen this allows you to copy your account public key so others can send you tokens. Get private key this copies your private key to the phone's clipboard so you can back it up in case of loss. Don't give this to anyone or they will steal your tokens. Import private key if you want to import a private key you saved on paper or on another computer you can restore your account here. These are RSA 2048 bit key pairs not Elliptic curve keys like bitcoin. These blockchain tools are mostly for testing and probably will never be needed by users. Reset blockchain this will delete your blockchain history and you will have to re-download it. Delete last block this will delete just the last block from the blockchain in case it has errors or is stale. Delete unconfirmed this will delete the unconfirmed items you have pending to send to the network. This can be used if you made a mistake. Print blocks if you are using an android studio system you can view the block history with a printout here. This will not show visually in the app. Contact details (Public!) these are your contact details that will be inserted into each of your listings as you update them. You can post whatever details are needed for your buyers to contact you but remember they are public and so you should not put anything here that is sensitive. Tor System To run on mobile phones two main changes had to be made to the bitcoin system. One is a different type of blockchain and the other is the use of Tor. Tor is necessary for phones to communicate between each other. Since setting up a server on a phone is pretty much impossible for most users. Using Tor allows for all phones to become clients and servers. In addition to communication, Tor allows for two other main benefits. First, it hides users from some threats and is a good fit for a system like this. But also Tor allows each phone to become a server that can be accessed from regular Tor browsers all over the world. So having the app on your phone is not necessary, just a Tor browser can suffice. However, if you want to update tokens or transfer them you would need the app. The server in this app can distinguish between requests from other nodes and browsers by the header field. If there is no header it's a node, if there is a header it's a browser. If you connect as a node it's JSON if you connect as a browser it's HTML. If users want to connect to the system but they don't have the app they can just connect to the phone by going to the phone's .onion address like this: http://md4kofpseowoo2hp.onion this allows for anyone anywhere in the world to view the status of the system from a regular PC without using the app. This could become much more valuable later on in building decentralized community websites. Blockchain The blockchain has been converted into more of a "worm chain" it moves along though time but it doesn't get any longer. Each block from the back is moved to the front, moving it along kind of like how they used to move heavy blocks ages ago with logs. The block moves along the logs and when it gets to far the log from the back is moved to the front. That's pretty much how this works. The blockchain will complete it's run about every month. At that time if any node hasn't updated they would be left out and they wouldn't be able to verity the blocks on their own any longer. That's why Bitcoin doesn't do this, it needs more security. But in this case the database is just information and thus not as important as monetary transactions. I think this is a worthwhile trade off for the benefits it brings to a system like this. But if in the future storage isn't an issue with phones it would be possible to save all the transactions like Bitcoin and have the same security. By just a few changes to the code. FAQ: Any relation to Craigslist the site?: None. What is the mining algorithm: SHA256 same as Bitcoin. Are there any mining pools: no the mining system is designed to be mined on phones no tokens are given out though mining so there's no need for a pool. Is this going to be on any exchanges: I don't think so it's not a currency and so I don't think anyone would want to trade it as such. If anyone wanted to buy or sell a token they could just use the system itself. Why pay fees? What's the coin limit: 25,000 KRC Why so few coins?: the blockchain system for this grows as the number of tokens goes up so the more tokens there are the bigger the database will be and for a phone it's better to keep it as small as possible. In this system the blockchain should be less then 1GB total forever. Are you asking for money to build this system?: no it's already done. But some large scale testing hasn't been done yet. Are there tokens for sale: yes I'm going to give away the first 1,000 for free and the next 1,000 for $1 and so on. If you want free tokens send me a message. Are there any other ways to get tokens: I will give away free tokens to people who want to be servers and testers. Is this on iphone?: no I don't know anything about iphone programming I'm not sure if the tor libraries are available for iphone but I would guess they are. Does it work on ARC Welder?: no I think because the app needs Linux for Tor it doesn't work. Timeline: Full version release: (July 12, 2018) You can download the APK here: http://www.mediafire.com/file/enx6e68sxgadsn6/Krypton_1.2.5.apk/file Public app release: (August 19, 2018): Google play doesn't allow mining so this version is ONLY the client version. https://play.google.com/store/apps/details?id=com.play.app.krypton Code release: TBA. Token sale: Happening now, 1 USD equivalent of any coin per 1 KRC. I'll take BTC LTC ETH...
Per the Law Library of Congress, “The Financial Market Authority of Liechtenstein (Finanzmarktaufsicht, FMA) has issued a factsheet on virtual currencies like bitcoin. It stated that virtual currencies are generally defined as a ‘digital representation of a (cash equivalent) value that is neither issued by a central bank or a public Official blog from the Law Library of Congress. Find the Law Library on: Facebook (external link) Twitter (Law Library) The best known payment instrument-like virtual currency is Bitcoin. 2. the market value of the virtual currency at the time it is mined and available to the miner will determine his or her tax liability. For more information, please [email protected] Recommended Citation Nikolei M. KaplanovNerdy Money: Bitcoin, the Private Digital Currency, a block called Bitcoin miner—is designed to mimic the extraction Under U.S. law and regulations, Congress and the Executive Branch have the ability to prohibit or limit the use of The map provided by Law Library of Congress (US) shows the legal status of cryptocurrencies across the world. As you can see, digital currencies such as bitcoin are legal to trade, mine, and to hold as an investment asset in Australia. (J/Gh), the more efficient a Bitcoin miner is. The Bitmain Antminer S17 Pro has an estimated profitability Recently Congress has taken a strong interest in the newly announced Libra digital currency. We have been getting many questions from policymakers and the media about how Libra (as described in its white paper and accompanying materials) compares to Bitcoin and other cryptocurrencies.
‘AML Bitcoin’ Lobbyist Jack Abramoff Pleads Guilty to ICO Fraud
Click Here : https://hdcinemaflix.com/ - No Harm No Foul 2017 Full Movie streaming [DOWNLOAD] Related search : Nitro Circus 4 Lock N Load 2006 Full Movie str... The US government might send out another wave of stimulus checks to their citizens, which some might use to buy bitcoin (BTC) or altcoins - and which would in effect (ironically) mean that the BTC ... Introduction to Law - Theory of Bitcoin - Dr. Craig S. Wright & Ryan X. Charles by Theory of Bitcoin. 1:07:07. Los Angeles Azules - La Cumbia del Infinito (De Plaza En Plaza) ... by Library of ... 🔴 Bitcoin Documentary 2020: The Future of Money ... The Path Forward in Congress on Climate Change by University of Virginia School of Law. 50:09. 34C3 - Taxation by media.ccc.de. While working for AML BitCoin, Abramoff was also found to have lobbied a sitting member of Congress on behalf of a Californian cannabis company despite not being a registered lobbyist.