«Look at APTLD and me. Yes, I’m on a horse»
32,000 Indians signed a petition against the ban of cryptocurrencies.
Thursday, April 5, Central Bank of India has decided to prohibit transactions with cryptocurrencies: financial institutions are required to cease associated with cryptocurrencies activity for three months. On the same day cryptologist India made a petition, sending it to the Central Bank and the Prime Minister, with an appeal not to smother developing technology, and to create a legislative framework that will enable it to grow and make a positive impact on the economy. To date, the petition on the website change.org signed by more than 32,000 Indians. The document’s authors draw attention to the fact that the local cryptocurrency exchanges are trying strictly to adhere to the standards and many are already enhance KYC standards. The petition also mentioned the plan of the Central Bank to issue its own cryptocurrency. The protesters said that the current CEO of Microsoft and Google have Indian origin and in favorable environment could create a local Internet company, hinting that the next generation «technical geniuses» can go on their way. To similar risks and appealed to the Chinese crypto-businessman Kai Wensheng criticizing the restrictive policy of his country, and saying that China may miss the «new Amazon». Earlier, in December, a petition in protest against the announced restrictions were citizens of South Korea, and recently it became known that the Tax administration, the Ministry of justice and the financial regulators of the country to discuss the opportunity to cancel the ban on ICO. The mayor of Seoul said that after the «terrible resistance» on the part of society the government is «seriously thinking» about possible exemptions.
Shanghai police broke the blockchain conference.
Thursday, April 12, in China had to go through the conference of the Global Fintech & Blockchain China Summit in 2018. However, around noon local time, the police interrupted a morning session, and ordered all participants to leave the event. The official reasons for intervention are at the moment specified, but, according to the assumptions that appeared in the media and on Chinese social network Weibo, the conference program was claimed to ICO project, which investors lost a lot of money. They filed a complaint with the police. The provider, PTP International, has denied the rumors, saying that the event is fully consistent with Chinese law: «We’re still investigating the reasons for the suspension, and at the moment the police refers to the security threat. We think through possible compensation to the participants. The conference was held in accordance with Chinese regulations and did not include any presentation. ICO» — said in a PTP International.
Platform trade power Golem launched the main network.
Golem gathered during ICO in 2016 820,000 ether ($8.2 million at that time and about $340 million today), two years later introduced the beta version of a core network, which in the white paper is described as «a Copper Golem» — the first stage of the project. In the current format of service based on the Ethereum blockchain, allows computers to «rent» the unspent energy of the Central processor unit (CPU) and create computer-generated images (CGI) using Blender (including animation, visual effects, interactive 3D applications and video games). Interface, is directly linked with Blender, allows you to purchase computing power for the Golem token — GNT. This release «a Copper Golem» is intended to test the technology in real market conditions with real money. BY Golem connects providers of computing power with the «buyer» and directs the provider smaller tasks, which are then combined in P2P networks and presents in a single image, says CEO Golem Julian Zawistowski. In 2016 Golem represented one of the first generations of Ethereum applications: «to Underestimate the complexity of what we want to create a characteristic overall development and particularly for the blockchain,» says Zawistowski, explaining the prolonged work on the project. According to the white paper, next, more advanced versions should be a «Clay Golem», «Stone Golem» «Iron Golem». Simultaneously with the release of the core network team announced the launch of the bounty program that will encourage developers about detected bugs.
Gemini launches auction of blocks for bitcoin and ether, and may implement a patented system that adds security to the transaction.
Thursday, 9:30 am et, the cryptocurrency exchange, owned by bitcoin billionaire brothers Winklevoss, has launched bidding for blocks of two leading cryptocurrency. The new option is designed primarily for institutional investors: the minimum threshold is 10 bitcoins and 100 air. Trading blocs are designed to provide «an additional source of liquidity,» enabling them to make large transactions outside of the basic books of orders. Also, thanks to the new function, buying or selling large amounts of the cryptocurrency will not have a significant influence on its course. As explained by the exchange, «any user can place an order by specifying the type of transaction (buy or sell), amount, minimum filling volume and price limits». Market makers will only receive information about the transaction amount, minimum amount and an upper limit: if they decide to do the deal, the block is filled. «In accordance with our obligations to maintain a fair, transparent and regulated trading of the warrants for the units in electronic form are immediately transferred to the participating market makers that will provide best execution of the transaction and the pricing for program participants,» — said on the website of the exchange. Also this week, the company Winklevoss IP, LLC received a patent for the creation of a system to increase the security of transactions. Authors Andrew Lucus, CEM Paya and Eric Weiner describes «software for secure transaction processing in cloud computing». The new development uses a combination of standard cryptographic techniques, including hash functions and digital signatures, and are likely to be used on the stock exchange Gemini.
Kadena raised $12 million in the framework of SAFT.
Platform smart contracts Kadena will Martino and Stewart Popjoy (formerly the leading developers of blockchain-project JPMorgan) on Thursday announced the completion of the second investment round in which participated Multicoin Capital, Devonshire Investors (a subsidiary of Fidelity Investments), SIG, Asimov Investments and SV Angel. Popjoy said that the funds raised will go to create a technical ecosystem platform Chainweb. Earlier, in January, in a private placement SAFT Kadena attracted to the creation of Chainweb $2.25 million. The developed Protocol uses the model of parallel blockchains, which allows you to distribute tasks without overloading the network. In this circuit are connected on the principle of Merkle tree and thus interact, being in the same blockchain system. «Apps like crypto-kittens can work on their own 5-6 circuits, and larger events such as the ICO, will be held on a different circuit, while not slowing each other,» said Popjoy earlier. Run the test network was scheduled for August, and the release of the core network Chainweb to be held in December. However, as said Popjoy, by this time yet «to settle a number of issues». In particular, Kadena intends to release a number of tools that will be made publicly available and tested by users. For safety Popjoy emphasizes the need of formal verification in which «computer proves mathematically that the network has no vulnerabilities»: «the blockchain regularly turning to formal verification, usually after the major bugs in Ethereum» he said, Recalling the bug Parity, and noting that the smart contracts are often responsible for huge amounts of money.
Stabilini Basecoin and Carbon has successfully completed the investment rounds.
Intangible Labs, the creators of «stablon with algorithmic Central Bank» Basecoin, from March 22 to April 3 grossed $125 million during tocancel system SAFT (under assumptions of experts, this is the ICO has recently caught the attention of the SEC). It was reported to the SEC on attraction of the specified sum from 225 investors. Basecoin intends to avoid the inherent volatility of the cryptocurrency due to its availability of other digital assets: oracles will track the prices of these assets, and the Protocol needs to adjust the number of tokens so that the price Basecoin remained stable. In addition to the «base coins» startup engaged in the development of «underlying bonds» and «underlying shares» — a cryptocurrency which will support Basecoin, helping the Protocol to manage the «money supply». The project is supported by many large funds, including Andreessen Horowitz, Pantera Capital, Polychain Capital and the Digital Currency Group. Co-founder of Coinbase Fred Erasmus took Basecoin meaningful for the ecosystem project: «it is clear To me that the developers of the crypto-industry are interested in… stable coin,» said Erasmus during the Token Summit II in San Francisco. On Thursday the completion of seed funding round, said another project stablon — Carbon — collected $2 million from such funds as General Catalyst, Digital Currency Group, FirstMark Capital, Plug and Play Ventures and The Fund. As Basecoin, Carbon refuses used in the Tether model reinforcement Fiat, replacing its algorithmic monetary policy. «If we create a mechanism that is now used by the Federal reserve Bank, but make it decentralized, we would not need to trust a Central authority. We can just trust the code,» explained co-founder of Carbon Connor Lin. The Carbon system consists of two tokens: stablein, the price of which must equal $1, and «credit token», which ranges in value, offsetting changes in demand. When the price falls stabilini, an auction is held, during which anyone can give their token, thereby reducing money supply and raising the price, and receive a «credit token». In the future, when the price rises above $1 and offer will increase, the holders of «credit token» will receive a new stabilini and this whole process is entirely performed by the algorithm.