EP.23 - 8-10-18 From Crypto the WonderDog This is Dean Kirkland with BlockBytes! The Top Headlines in Crypto and Blockchain News! Presented by DASH. Made for payments, DASH is the ultimate digital currency for both brick-and-mortar and online merchants.
Here are the TOP Headlines in Crypto and Blockchain News on Friday the 10th of August 2018
-Peter Van Valkenburgh, the director of research at the blockchain advocacy group Coin Center, published a report today arguing that certain cryptocurrencies should be treated as securities. The report, which updates an earlier version from 2016, examines three variables that Valkenburgh believes are salient for determining whether a cryptocurrency is a security: "distribution, decentralization, and functionality." In particular, Valkenburgh argues what is most important to consider is: how a token is initially distributed, how decentralized its underlying network is and what powers or rights token holders have should determine whether it is a security.
Facebook is up to something in their new cryptocurrency division and reports of behind the scenes moves are beginning to emerge. Business Insider recently reported that Facebook’s blockchain research division recently had a meeting with Stellar Lumens to brainstorm ways the company could use blockchain technology to bolster their payments network. Rumor has it that Facebook even discussed ways to fork the Stellar public blockchain as a way to build out their payments network. To date, Facebook remains very interested in creating it’s own digital token and Facebook CEO Mark Zuckerberg has said he is challenging himself by attempting to learn more about “encryption and cryptocurrency.”
The Tezos Foundation announced today that it plans to sponsor and issue research grants for blockchain technology and smart contracts development projects. According to the press release, the foundation has already chosen 4 research institutions to give grants: Cornell University, the University of Beira Interior, the University of Illinois at Urbana-Champaign, and France-IOI.
2 days ago the IOTA Foundation released a statement as an attempt to cool down apprehensive investors and supporters after a detailed transcript highlighting a major row between senior management and IOTA founders surfaced on the internet. According to a Memorandum of Understanding (MoU), IOTA founders Serguei Popov and Sergey Ivancheglo were restricted from access to the Foundation’s Board of Directors. According to the released statement, IOTA acknowledged that “circumstances lead to a situation, where two of the IOTA founders have been waiting for board seats for more than four months.” This led to frustrations between the founders and the IOTA Foundation as they felt they were slowly being cut out of the picture.
China’s southeastern city of Shenzhen has issued the first digital tax invoice known as a “fapiao” on blockchain according to reports from local news outlet EEO. WeChat developer, Tencent, worked in partnership with the Shenzhen Municipal Taxation Bureau to develop the platform and so far it is the only government backed platform to gain the approval of the State Administration of Taxation. Consumers, merchants and tax authorities are now able to receive “fapiao” for all goods and services purchased in the country. Consumers can also make their fapiao payments via WeChat and a digital invoice is created that can later be shown to tax inspectors.
At 10 AM Pacific Time the Top 5 Cryptocurrencies By Market Capitalization
Price Graph (7d)
39,299,874,590 XRP *
906,245,118 EOS *
5 Biggest Gainers
Where Volume (24h) Is At Least $50,000
Global Currency Reserve
Level Up Coin
Thank you for listening, From Crypto the WonderDog This is Dean Kirkland with BlockBytes. BlockBytes is presented by DASH. DASH digital currency continues to innovate cryptocurrency acceptance both online and at local retailers. DASH makes payments easy… have you DASH’ed lately?