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With the announcement of the FATF guidance rules earlier this year privacy coins seem to be suffering as a result. Coinbase UK dropped Zcash, OKEx delisted five privacy coins as did Upbit. Monero, Zcash and Dash are all valued at under half of their July prices. Does this mean the end of all privacy for crypto? One company in particular CipherTrace is working with exchanges to validate transaction data without having to actually share data itself which helps with the FATF travel rule. This will offer some degree of assurance but true anonymity may not thrive. What are your thoughts? https://cryptobriefing.com/privacy-coins-zcash-dash-scrutiny/ |
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POCM is a platform that allows projects to generate tokens before and after launch. Projects are able to use the platform to create a staked coin output (SCO) and those holding NULS can stake to the new project and receive generated tokens. The project would then receive NULS staking revenue that would otherwise default to holders thus allowing the projects to utilize NULS to further fund their project. https://medium.com/@nuls/understands-nuls-2-0-in-one-picture-a1ad816c3353 |
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Over $4 billion has been stolen or laundered in the first six months of 2019! This interview with CipherTrace CEO Dave Jevans is really interesting regarding details of the lost and stolen funds. I was surprised to see that ransomware and scams are some of the biggest points of money loss over exchange hacks. Worth while interview to watch and join in the conversation of what should happen to stolen funds. Do you get them returned or in a decentralized system are they lost forever? https://blocktv.com/watch/2019-08-22/5d5ea9e847c19-scams-hacks-ransomware-run-amok-in-the-cryptosphere |
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NULS is testing a new community-based token staking service to allow users to participate and earn new tokens from projects being built on the NULS blockchain. Think of it as a way to gauge interest in a project like a preliminary Kickstarter. They had a first go and in a 24 hour trial period, Aleph pulled in more than 2 million staked NULS tokens which values at $1.25 million https://finance.yahoo.com/news/token-staking-reward-system-wants-172434746.html |
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I've been interested in getting a better understanding of PoS systems that offer interoperability. I know a lot of people are excited and still trying to decide where to build and where to invest. Do you have any more insight into this topic? https://www.youtube.com/watch?v=Pz2uhIc3C7M |
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Nuls recently came to the market with a new blockchain building solution coined ChainBox to help developers build blockchains in under 10 minutes. This week Nuls announced their partnership with NAER and EDA which are both using Chainbox for blockchain solutions. I have a feeling we will see more of these partnerships happen as more people learn about this solution https://medium.com/@nuls/partner-news-b1402df325c4 |
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businesses have been starting to discover the importance of blockchain technology and how their company will benefit from it. While the appeal of public blockchains would make sense for these businesses many are struggling to find devs to help them build driving companies to develop their own chains.
What are some layer 1 blockchains that you would say is easiest to build on and has great progress? I can see NEO, Tezos, Ontology and NULS as some top projects.
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Interested to hear your thoughts on both of these projects and how they are creating something similar in terms of developing custom blockchains-in-a-box style approach. I like the idea of a company being able to easily set up their own blockchain utilizing their technology but I would like to have a better understanding of the difference between the two. https://nuls.io/https://ark.io/ |
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A few weeks ago the FATF released guidance regarding cryptocurrency activitiy especially what is known as the 'travel rule' which banks are required to share clients information when they transfer more than $1k to another bank. This upset the crypto community for a good reason. Blockchain analytics company Ciphertrace and attestation platform Shyft have come together to find a solution to protect users identity in the case if a travel rule were to apply. The two created a proof-of-knowledge identity protocol similar to a zero-knowledge proof which allows one party to reveal that it knows information without sacrificing the information itself. This is done via smart contract with shared access between exchanges and other crypto service companies. How does everyone feel about this? Do you think this is an ideal move to bridge governments and individuals privacy? https://bitcoinmagazine.com/articles/ciphertrace-shyft-team-id-protecting-solution-fatf-crypto-guidance |
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The QuadrigaCX case continues to remain in question but blockchain forensics Ciphertrace has provided insights including recent news that the founder of Quadriga had used customer funds to back his own crypto trading. The numbers are actually quite alarming... 9,450 BTC, 387,738 ETH and 239,020 LTC in over 67k transactions on other exchanges. Apparently he was able able to override KYC requirements making false accounts so that he could create false deposits for trading. Ciphertrace goes on to say that the fake deposits and trades were used to keep the exchange running and provide fake liquidity. This is actually super fascinating to read the details regarding how the entire situation was handled by analyzing the movement of transactions. I think it's a solid use case to show us why we would want more AML compliance, what are your thoughts? https://coingeek.com/quadrigacx-investigation-reveals-an-alarming-lack-of-accountability/ |
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A recent report developed by cryptocurrency intelligence firm Ciphertrace estimated losses from theft and scams in the first quarter at $356 million with additional fraud losses of $851 million totaling $1.2 billion in total loss. Alongside the report came a study recognizing how the attacks were coming seeing an increase in malware and ransomware attacks. A few other noticeable ways funds are being taken are through clipboard hijacking, website clones and social engineering. While it makes me positive to know we've figured out ways scammers can creep in - do you think the tech will be strong enough to avoid these? https://finance.yahoo.com/news/grand-theft-crypto-state-cryptocurrency-053700942.html |
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Just this week Elixxir has selected the 600 node applicants to build the base for their BetaNet program! The focus for the BetaNet is to initially run a cMix network with five node teams all across the globe. The cMix protocol was designed by David Chaum to successfully obscure transactions driving full privacy and scalability. You can learn more about their node selection process and the breakdown directly from their website: https://elixxir.io/blog/elixxir-selects-betanet-nodes |
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Unstoppable Domains which which hosts uncensorable websites has just released a list of 60 .zil domains that are set to be auctioned off on June 27, 2019! These domains not only allow uncensorable websites but they also enable people to send crypto to the address just like they would a wallet but in a much easier human readable name. https://btcmanager.com/unstoppable-domains-set-auction-60-blockchain-domains/ |
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What would you say are the top platforms that apply asset management to the blockchain? I am familiar with Bytom because of CMC but am wondering if there are other up and coming projects
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