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For those that don’t know about Unisocks here’s a really interesting synopsis: https://4k.com/unisocks. Just click the link to see the case study. What’s interesting is that there are companies working to bridge the gap between the physical and the digital. I think what Uniswap did was genius. And really, this is only the beginning. What do you think? Would you buy a $160k pair of socks?  |
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Yes another pulled off exit scam. This time a Nigerian cryptocurrency wallet that is said to have stolen $1 million worth of funds. Withdrawals started around April while the CEO blamed the servers being down. This just goes to identify and support Ciphertrace's AML report as 2019 being the "Year of the Exit Scam" The report claims 3.1 billion dollars were lost in exit scams this year alone. https://coingeek.com/nigerian-crypto-wallet-satowallet-disappears-with-users-funds/ |
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Retail investors still face immense risk as CipherTrace's AML reports have showcased more than $4.26 billion in crypto assets in 2019 to date. I found this article interesting as it calls out different people who took to twitter to call out the difference of 2017 ICO craze versus today. Calling out sites like Coinmarketcap and other coin ranking sites as being a potential problem. What are your thoughts? Have we matured or are people still looking to make a quick buck and scam people largely? https://www.coinspeaker.com/ico-problem-crypto-market/ |
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What are your thoughts on Bitcoin that holds a shady past? BTC that has a dark transaction history attached to it often has gone through global money laundering exercises or terrorism-related activities. Even after a token has been exchanged a number of times the trail can still be traced thus putting the the owner at risk. Will these 'Virgin bitcoin' be worth more? Can you wipe a BTC clean? I have so many questions. https://cointelegraph.com/news/virgin-bitcoin-most-in-demand-crypto-that-is-regulated-differently |
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Crypto OG David Chaum says it best at a recent conference in Zurich "People are either in control of the computers they interact with every day in a democratic manner, or computers are manipulated by a small fraction of the population against the rest of us. Lately, we have increasingly seen the 2nd of these two scenarios take hold, but it doesn’t have to be that way." Thoughts? https://elixxir.io/blog/point-of-departure |
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NULS recently released their ChainBox which is their chain-building solution for developers of all kind, not just blockchain native. Developers can choose between two objectives: 1. Build module that can realize specific application scenario 2. Design and implement a blockchain ecosystem extension module The prize is pretty massive $500,000 in Nuls prizes. Pretty cool for any developer to give their hand at it: https://nuls.io/hackathon/ |
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Nuls has just announced they're an out of the box solution to quickly build chains, reduce development costs and accelerate the rate that businesses use for blockchain tech. No programming language limitations and no prior blockchain experience is necessary for building on Nuls. Another bonus is that anyone who builds within the NULS ecosystem can add the cross-chain module to communicate with NULS at the base layer. Do you think this will the next step for mass adoption? https://cointelegraph.com/news/open-source-platform-lets-users-build-their-own-blockchain-in-under-10-min |
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Impressed by the team at Nuls who have just released their open-source platform that allows anyone including non devs to build their own blockchain with their ChainBox feature. The platform is customizable and easy to integrate due to its agnostic language feature. Their upcoming Chain Factory will allow users to add extra functionality as well and features through follow along modules. Just wondering who is willing to give this a shot? What are some thoughts you might have on overall adoption? https://cointelegraph.com/news/open-source-platform-lets-users-build-their-own-blockchain-in-under-10-min |
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There's a lot of talk about compliance and crypto and for a good reason. Whether we are fans of it or not, compliance of some shape or form is going to come. Came across this interview with Dave Jevans CEO of CipherTrace and I really like his perspective of how compliance will help adoption and how a demand for their services will only help crypto not deter from it. He even says 'as form cypherpunks and privacy advocates it is up to them to build the next generation of AML and invesigation capabilities." I think what they do is super promising for the space even some people might think otherwise. Regardless, compliance is coming. https://bitcoinchaser.com/interview-with-dave-jevans-ceo-of-ciphertrace/ |
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NULS which has a DPos consensus mechanism category has been added to Masternode coin listings which offers immediate insights to compare and contrast the potential returns of coin projects. Masternode has chose NULS to lead the way in the DPoS classification because of its attributes including speed of staking, setup, immediate payouts, compounding and unparalleled flexibility in management and control of coins. Do many of you use maternodes.online? and if so will you be looking forward to more coin insights like this? https://medium.com/@nuls/nuls-is-a-first-of-a-kind-listing-on-masternodes-online-58d126aa2878 |
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OG cypherpunk and inventor of digital cash David Chaum is a legend in the crypto space especially in regards to giving people privacy with their payments. While he took some time away from the space he came back because he felt blockchains were ignoring crucial issues such as scalability, privacy and amount to take on major use. With the launch of its early access developer program, this will allow third-party developers the chance to build on elixxir through their Arrow SDK and get involved which I have a good feeling a lot of devs will be interested in. Any ideas for potential use cases? https://coinrivet.com/david-chaum-elixxir-privacy-at-scale/ |
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https://blocktribune.com/elixxir-starts-early-access-developer-program/Third-party developers are now able to build on the Elixxir protocol. Devs will have access to the Elixxir Arrow SDK to integrate metadata-protected communications to build dapps. Written in Golang, this will be the first public test of the cMix protocol built by David Chaum. Looking forward to watching this project develop overtime.
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https://bitcoinmagazine.com/articles/eu-warns-malta-of-the-dangers-of-neglecting-money-launderingMalta aka Blockchain Island has become the mecca crypto due to its favorable crypto laws. With the flood of crypto money to the island it's been taking the right steps to work on compliance such as partnering with crypto security firm CipherTrace to identify and prevent crypto crime. Steps like this seems to help make the government quite happy in how to handle crypto and manage risk in countries. Would you agree? What else do we need to implement or be sure to watch out for?
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https://finance.yahoo.com/news/rakuten-partners-ciphertrace-deliver-aml-100000309.htmlRakuten Wallet and Ciphertrace announced their partnership today to work on AML compliance. Rakuten is said to be the Amazon of Japan is the first e-commerce site of its size to accept crypto. Excited to see these larger exchanges start to implement AML compliance using developed tech to protect its users. I have a good feeling these are the types of partnerships that will help create adoption on enterprise scale
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