What more do you want? The gold price has made "a heck of ...
What more do you want? The gold price has made "a heck of ...
State Street Global Advisors Publishes 2020 Proxy Season ...
State Street Global Advisors Enhances Fixed Income ETF ...
State Street Global Advisors: ETFs: Was können wir aus der ...
State Street Global Advisors Enhances Fixed Income ETF ...
Bitcoin mentioned around Reddit: TIL: The "Fearless Girl" statue that's famous for "standing up to the Bull on Wallstreet" was commissioned by an investments firm, State Street Global Advisors, which holds $2.8 trillion in assets. Th /r/todayilearned
My Very Provisional List of COVID Anomalies, Red/ False Flags and Clear Indications of Scumbaggery. LIHOP, MIHOP Or HOAX/SCAM? Def Not As Described. Need Your Help To Source References and Links For Existing Categories And Add New Ones. This is WOEFULLY INCOMPLETE. I Know I've Missed Tonnes...Ideas?
Here’s my Top 22 list of suspicious shenanigans and red flags surrounding the COVID narrative:
The Imperial College Death data - Neil Ferguson and Gates-funded Imperial College, London Model that ‘persuaded’ Johnson and Trump to lockdown. 500K deaths in UK and 2.2m deaths projected in US, EVEN WITH LOCKDOWN. Less than 10% accuracy but 110% alarmist, and evidence that the coding was deliberately flawed and designed to inflate numbers. Gates funding everyone involved in the staged 'debacle'.
Chainlink Up 339% YTD, Making It The Tenth-Largest Cryptocurrency
Chainlink’s 95% Weekly Price Surge May Indicate The Start Of An Altcoin Season Despite that Bitcoin marks one of its longest non-volatile periods, Chainlink (LINK) makes another move into the green, with a 26% price increase in the past 24 hours. Chainlink also recorded a new all-time high of $8.40, before correcting to $7.85, as of press time. Тhe most recent price increase managed to boost LINK’s position in CoinMarketCap’s market capitalization chart to reach 10th place, surpassing projects like EOS, Tezos (XTZ), and Stellar (XLM). Source: CryptoBrowser.io Looking three months back, Chainlink’s price increased with 128%, with an almost tri-fold price boost since the March 12 “Black Thursday” global market wipeout. Since the start of 2020, Link’s price is up with 339%, making it one of the best-performing cryptocurrencies in 2020. The reason behind Chainlink’s massive price boost is the series of partnerships LINK sеcured with DeFi projects. Many of the DeFi projects need some kind of real-time price quotations, and Chainlink offers to them decentralized oracle network services. In just a week, Chainlink announced a series of key partnerships with companies like Kyber Network, Nexo Finance, REN protocol, Conflux Network and Bancor. The list of partnerships, combined with the bullish market stance on DeFi projects, may push LINK’s price above the $10 mark. But in order for LINK’s price to spike above 10$, Chainlink has to continue the successful partnership streak. Crypto experts like Josh Rager commented on the recent market situation, showing support for Chainlink in a Bitcoin-dominated crypto sector. Rager, who is co-founder of crypto learning platform Blockroots, and an official advisor to few blockchain startups, stated that Bitcoin maximalists should consider focusing their sight towards altcoins, because Bitcoin shows little to no movement. „Bitcoin is moving in a $1000 range, while Chainlink exploded from $3.65 to $8.50+”, Rager tweeted. Another crypto expert, Cole Garner, joined Josh Rager’s opinion, highlighting LINK had its first candle closed above the trendline, which may be the start for a parabolic movement. Crypto trader Scott Melker, known as “The Wolf of All Streets”, posted a graph on Twitter, showing exponential growth for LINK since its inception to present day. “The most-bullish crypto-asset I have seen in a long time,” Melker noted. However, Santiment – a crypto-focused behavior analytics company, stated that after such massive price gains, a “-9% retracement is commonly evident in the 12 days after being #1 on our Emerging Trends list.” Meanwhile, Bitcoin’s dominance retracted slightly, which further fueled the altcoin bulls, resulting in larger trading volumes for some of the projects.
Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!
That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ??? Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth. Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ... . Bitcoin Achievements so far:
It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
Many 1,000's of hacks, thefts, losses.
Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
Contributing significantly to Global Warming.
Wastes vasts amounts of electricity on useless, do nothing work.
Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
It created a new way for people living too far from Vegas to gamble all their life savings away.
Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
Increased China's foreign trade balance by a couple billion dollars per year.
Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
"A bitcoin miner in every device and in every hand."
"All the indicators are pointing to a huge year and bigger than anything we have seen before."
"Bitcoin is communism and democracy working hand in hand."
"Bitcoin is freedom, and we will soon be free."
"Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
"Bitcoin most disruptive technology of last 500 years"
"Bitcoin: So easy, your grandma can use it!"
"Creating a 4th Branch of Government - Bitcoin"
"Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
"Future us will thank us."
"Give Bitcoin two years"
"HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
"Cut out the middleman"
"full control of your own assets"
"reduction in wealth gap"
"cannot print money out of thin air"
"Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
"If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
"Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
"NO COINERS will believe anything they are fed by fake news and paid media."
"I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
"I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
"I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
"I think Bitcoin will do for mankind what the sun did for life on earth."
"I think the constant scams and illegal activities only show the viability of bitcoin."
"I think we're sitting on the verge of exponential interest in the currency."
"I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
"If Jesus ever comes back you know he's gonna be using Bitcoin"
"If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
"If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
"In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
"In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
"Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
"It won't be long until bitcoin is an everyday household term."
"It's the USD that is volatile. Bitcoin is the real neutral currency."
"Just like the early Internet!"
"Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
"Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
"let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
"My conclusion is that I see this a a very good thing for bitcoin and for users"
"No one would do such a thing; it'd be against their self interests."
"Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
"Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
"Seperation of money and state -> states become obsolete -> world peace."
"Some striking similarities between Bitcoin and God"
"THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
"The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
"The bull run should begin any day now."
"The free market doesn't permit fraud and theft."
"The free market will clear away the bad actors."
"The only regulation we need is the blockchain."
"We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
"We do not need the bankers for Satoshi is our saviour!"
"We have never seen something so perfect"
"We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
"We verified that against the blockchain."
"we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
"Well, since 2006, there has been a infinite% increase in price, so..."
"What doesn't kill cryptocurrency makes it stronger."
"When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
"When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
"Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
"Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
"You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
"You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
"Your phone or refrigerator might be on the blockchain one day."
The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
It's impossible to hide illegal, unsavory material on the blockchain
It's impossible to hide child pornography on the blockchain
All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
immune to government regulation
"a world-changing technology"
"a long-term store of value, like gold or silver"
"To Complex to Be Audited."
"Old Auditing rules do not apply to Blockchain."
"Old Auditing rules do not apply to Cryptocurrency."
Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at30 grandor more by next Christmas  - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully"u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
2018-12: "Bitcoin could be at$40,000by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
2018-12: Bitcoin will end 2018 at the price point of$50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
Over the past 100 days, Grayscale has bought every third bitcoin
Over the past 100 days, Grayscale has bought every third bitcoin The Grayscale Investments cryptocurrency investment fund acquired every third bitcoin mined in the last 100 days. And in April, the fund bought 50% of all ETH mined. At the same time, despite the financial crisis and the fall of the cryptocurrency market in March, shares of Grayscale crypto funds in the first quarter of 2020 attracted record investments, which indicates a growing interest of institutional investors in the crypto industry. Why does the company need so many coins, what is its current position regarding the crypto market and what role does it play on it?
Aggressive Grayscale crypto purchases have recently been spotted with respect to ether. So, by April 24, the company had bought about 756 539 ETNs (accurate data are not publicly available) for its Ethereum Trust fund. This is about 48.4% of all 1.5 million coins mined since the beginning of this year. As a result, the company already owns 1% of all coins in circulation and only increases the pace of purchases. The first user to notice this was Reddit under the nickname u/nootropicat. According to the latest quarterly report by Grayscale, the flow of investments in ETN reached a record level for the first three months of 2020 — $110 million. This is a very sharp increase, given that total investments in ETN for the previous two years amounted to $95.8 million. The total demand for the Ethereum fund grew over the quarter is almost 2.5 times compared with the fourth quarter of 2019. From the beginning of the year until the end of April, the company issued 5.23 million shares of the fund at 0.09427052 ETN apiece. At the same time, shares are traded with a premium of 420% relative to the current price of the coin — $92 against $17.70. That is, investors are willing to pay extra pretty much not to deal with cryptocurrency on their own. Most likely, the increase in the rate of purchase of the coin is associated with the upcoming upgrade of the network to the state of Ethereum 2.0. It can take place at the end of July, but, most likely, it will happen not earlier than the end of the year. After the upgrade, the network will become more scalable and there will be the possibility of staking — validators will be able to receive passive income for providing their funds to confirm the blocks. The crypto market, by the way, is also preparing for the transition of the ecosystem to a new stage. ETH has grown 55% since the crash in March, from $110 to $202 on the day of publication. At the end of April, CoinDesk drew attention to the increase in the number of long positions in ETH futures — this indicates expectations for further growth of the coin.
Last quarter — the most successful in the history of the company
In May, Grayscale released a report on the results of the first quarter of this year. “Despite the decline in risky assets this quarter, Grayscale’s assets continue to approach record highs, as does our share of the digital asset market,” the document says. And this despite the coronavirus pandemic, the global recession and the traditional cryptocurrency market volatility. A record $503.7 million investment was raised in the first quarter. This is almost twice the previous quarterly maximum of $254 million in the third quarter of last year and accounts for 83% of the total capital of $1.07 billion raised for the entire 2019. New investors accounted for $160 million of raised funds. The main products of Grayscale Bitcoin Trust and Grayscale Ethereum Trust raised $388.9 million and $110 million, respectively. It is noteworthy that the company reduced the premium on stocks of funds relative to the price of assets. 88% of investments came from institutional investors, among which hedge funds prevail; 5% — from accredited individuals, 4% — from pension accounts (yes, pension funds are extremely conservative in nature, but also invest in bitcoin against the background of a decrease in the profitability of other assets); 3% came from family offices, and 38% of customers invested in several products at once. It is noteworthy that two years ago the share of institutional investors was about 50% — it is obvious that they no longer consider bitcoin as something criminal. “Many of our investors see digital assets as medium and long-term investment opportunities and the main component of their investment portfolios. Quarterly inflows doubled to $ 503.7 million, demonstrating that demand is reaching new peak levels even in conditions of “risk reduction”, the document says. Today, more than 46.5% of the inflow of funds was attracted from multi-strategic investors. Crypto investors accounted for only 11.2% of the inflow, according to the report. Grayscale currently operates ten cryptocurrency investment products targeted at institutional investors. They cover PTS, ETN, ETS, BCH, ZEC, XRP, LTC, ZEN, XLM. The value of the assets under his management is more than $3.8 billion. GBTC is the most demanded product, most investors invest in it and it takes about 1.7% of the total volume of circulating bitcoins. Aggregate quarterly flow of funds to different Grayscale products. Pay attention to the growing share of investors diversifying portfolios with products tied to altcoins. Since January of this year, the Grayscale Bitcoin Trust has been registered with the US Securities and Exchange Commission (SEC). According to it, the company provides quarterly and annual reports in the form of 10-K. The status makes it possible to sell shares of a trust in the secondary market after 6 months, rather than 12, as before, and also increases the confidence of conservative investors. Other products comply with OTCQX reporting standards in the OTC market and are approved by the US Financial Services Regulatory Authority (FINRA) for public offering. Amount of assets managed by Grayscale as of May 20, 2020. It is noteworthy that the news about the success of Grayscale comes amid news of how panicky investors in traditional assets are fleeing from market turmoil. So, the largest fund managers — BlackRock, Vanguard and State Street Global Advisors — lost several trillion in capitalization of their assets, and BlackRock in the first quarter for the first time in five years saw a net outflow of funds from its long-term investment products.
Bitcoin is the best asset for hedging portfolios in crisis
At the end of April, Grayscale also released a separate report on the analysis of the impact of regulators during a pandemic and the crisis caused by it and how it affected the bitcoin and cryptocurrency market as a whole. The document said fiat currencies are at risk of devaluation as central banks print more and more money. Even the US dollar, which is the world’s reserve currency, risks being devalued if the US Federal Reserve continues to print the currency in trillions. A decrease in interest rates to zero and negative values deprives government bonds of the status of “safe haven” during the crisis. Therefore, investors are trying to diversify their portfolios with alternative instruments. Cryptocurrencies are the best choice for this, according to the authors of the report. The text emphasizes the historical significance of gold as a global standard, but it is noted that in the modern digital world it is becoming increasingly burdensome for investors — it has complex logistics. Bitcoin seems resistant to the problems that other assets face. Therefore, in times of economic uncertainty, the first cryptocurrency is one of the best assets that investors can use to hedge their portfolios. The coin performs better than any other asset, including fiat currencies, government bonds, and traditional commodities like gold. The authors of the report emphasize that Bitcoin has already begun to show signs of becoming a protective asset. At the same time, the company believes that bitcoin is an excellent asset not only in times of crisis. So, in December 2019, Managing Director of Grayscale Investments Michael Sonnenshine said that the company expects an influx of investments in bitcoin after the transfer of $68 trillion of savings between generations in the next 25 years. Today, this capital is invested in traditional assets, but a significant part of these wealth millennials will invest in cryptocurrencies. Already, according to him, investments in GBTC are among the five most popular among young people, ahead of, for example, investments in Microsoft and Netflix.
The unprecedented financial measures taken by the US Federal Reserve, as well as the worsening recession, are forcing even the most conservative investors to rethink their current strategies and portfolio composition. Many of them are increasingly beginning to appreciate the fixed emission and non-correlation of Bitcoin — it is becoming a tool for risk diversification. Growing institutional interest is driving the acceleration of coin prices. Subscribe to our Telegram channel
James Heckman 1944 – Present Born: United States Resides: United States · Professor in Economics at the University of Chicago. Professor at the Harris Graduate School of Public Policy Studies. Director of the Center for the Economics of Human Development (CEHD). Co-Director of Human Capital and Economic Opportunity (HCEO) Global Working Group. Heckman is also a Professor of Law at ‘the Law School’, a senior research fellow at the American Bar Foundation, and a research associate at the National Bureau of Economic Research. · In 2000, Heckman shared the Nobel Memorial Prize in Economic Sciences with Daniel McFadden, for his pioneering work in econometrics and microeconomics. · As of February 2019 (according to RePEc), he is the next most influential economist in the world behind Daniel McFadden. · Heckman has received numerous awards for his work, including the John Bates Clark Medal of the American Economic Association in 1983, the 2005 and 2007 Dennis Aigner Award for Applied Econometrics from the Journal of Econometrics, the 2005 Jacob Mincer Award for Lifetime Achievement in Labor Economics, the 2005 Ulysses Medal from the University College Dublin, the 2007 Theodore W. Schultz Award from the American Agricultural Economics Association, the Gold Medal of the President of the Italian Republic awarded by the International Scientific Committee of the Pio Manzú Centre in 2008, the Distinguished Contributions to Public Policy for Children Award from the Society for Research in Child Development in 2009, the 2014 Frisch Medal from the Econometric Society, the 2014 Spirit of Erikson Award from the Erikson Institute, and the 2016 Dan David Prize for Combating Poverty from Tel Aviv University. “The best way to improve the American workforce in the 21st century is to invest in early childhood education, to ensure that even the most disadvantaged children have the opportunity to succeed alongside their more advantaged peers” Janet Yellen 1945 – Present Born: United States Resides: United States · Successor to Ben Bernanke, serving as the Chair of the Federal Reserve from 2014 to 2018, and as Vice Chair from 2010 to 2014, following her position as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco. Yellen was also Chair of the White House Council of Economic Advisers under President Bill Clinton. · Yellen is a Keynesian economist and advocates the use of monetary policy in stabilizing economic activity over the business cycle. She believes in the modern version of the Phillips curve, which originally was an observation about an inverse relationship between unemployment and inflation. In her 2010 nomination hearing for Vice Chair of the Federal Reserve Board of Governors, Yellen said, “The modern version of the Phillips curve model—relating movements in inflation to the degree of slack in the economy—has solid theoretical and empirical support.” · Yellen is married to George Akerlof, another notable economist, Nobel Memorial Prize in Economic Sciences laureate, professor at Georgetown University and the University of California, Berkeley.. · In 2014, Yellen was named by Forbes as the second most powerful woman in the world. She was the highest ranking American on the list. In October 2015, Bloomberg Markets ranked her first in their annual list of the 50 most influential economists and policymakers. In October 2015, Sovereign Wealth Fund Institute ranked Yellen #1 in the Public Investor 100 list. In October 2010, she received the Adam Smith Award from the National Association for Business Economics (NABE). “In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.” “I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not unemployment.” Jared Polis 1975 – Present Born: United States Resides: United States · 43rd governor of Colorado since January 2019. Polis served on the Colorado State Board of Education from 2001 to 2007 and was the United States Representative for Colorado's 2nd congressional district from 2009 to 2019. · Polis is the first openly gay person and second openly LGBT person (after Kate Brown of Oregon) to be elected governor in the United States. · In 2000 Polis founded the Jared Polis Foundation, whose mission is to “create opportunities for success by supporting educators, increasing access to technology, and strengthening our community.” Polis has also founded two charter schools. · Polis was named Outstanding Philanthropist for the 2006 National Philanthropy Day in Colorado. He has received many awards, including the Boulder Daily Camera's 2007 Pacesetter Award in Education; the Kauffman Foundation Community Award; the Denver consul general of Mexico “Ohtli”; the Martin Luther King Jr. Colorado Humanitarian Award; and the Anti-Defamation League's inaugural Boulder Community Builder Award. “Having alternative currencies is great, right, because, historically, government's had a monopoly on currency.…At the end of the day, why should only politicians—either directly or indirectly—control the currency?We can reduce transaction cost, provide an alternative, and—look, I don't know whether it'll be Bitcoin or not—but I think the concept of digital currencies is here to stay, and the fact that a politician would write to try to ban them in their infancy is just the wrong way to go about it.Let the market determine whether there's any value there or not.” Jeff Bezos 1964 – Present Born: United States Resides: United States · Best known as the founder, CEO, and president of Amazon, Bezos is an American internet and aerospace entrepreneur, media proprietor, and investor. The first centi-billionaire on the Forbes wealth index, Bezos was named the “richest man in modern history” after his net worth increased to $150 billion in July 2018. In September 2018, Forbes described him as “far richer than anyone else on the planet” as he added $1.8 billion to his net worth when Amazon became the second company in history to reach a market cap of $1 trillion. · Bezos supported the electoral campaigns of U.S. senators Patty Murray and Maria Cantwell, two Democratic U.S. senators from Washington. He has also supported U.S. representative John Conyers, as well as Patrick Leahy and Spencer Abraham, U.S. senators serving on committees dealing with Internet-related issues. · Bezos has supported the legalization of same-sex marriage, and in 2012 contributed $2.5 million to a group supporting a yes vote on Washington Referendum 74, which affirmed same-sex marriage. · After the 2016 presidential election, Bezos was invited to join Donald Trump's Defense Innovation Advisory Board, an advisory council to improve the technology used by the Defense Department. Bezos declined the offer without further comment. · In September 2018, Business Insider reported that Bezos was the only one of the top five billionaires in the world who had not signed the Giving Pledge, an initiative created by Bill Gates and Warren Buffett that encourage wealthy people to give away their wealth. “Percentage margins don't matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.” “We have the resources to build room for a trillion humans in this solar system, and when we have a trillion humans, we'll have a thousand Einsteins and a thousand Mozarts. It will be a way more interesting place to live.” Jens Weidmann 1968 – Present Born: Germany Resides: Germany · German economist and president of the Deutsche Bundesbank. Chairman of the Board of the Bank for International Settlements. From 1997 to 1999, Weidmann worked at the International Monetary Fund. In 2006, he began serving as Head of Division IV (Economic and Financial Policy) in the Federal Chancellery. He was the chief negotiator of the Federal Republic of Germany for both the summits of the G8 and the G20. He was given the 2016 Medal for Extraordinary Merits for Bavaria in a United Europe. · Weidmann was involved in a series of major decisions in response to the financial crisis in Germany and Europe: preventing the meltdown of the bank Hypo Real Estate, guaranteeing German deposits and implementing a rescue programme for the banking system, piecing together two fiscal-stimulus programmes, and setting up the Greek bail-out package and the European Financial Stability Facility (EFSF). · In a 2011 speech, Weidmann criticized the errors and “many years of wrong developments” of the European Monetary Union (EMU) peripheral states, particularly the wasted opportunity represented by their “disproportionate investment in private home-building, high government spending or private consumption”. In May, 2012, Weidmann's stance was characterized by US economist and columnist Paul Krugman as amounting to wanting to destroy the Euro. In 2016, Weidmann dismissed deflation in light of the European Central Bank's current stimulus program, pointing out the healthy condition of the German economy and that the euro area is not that bad off. “I share the concerns regarding monetary policy that is too loose for too long. … As you know I have concerns about granting emergency liquidity on account of the fact that the banks are not doing everything to improve their liquidity situation.” Jerome Powell 1953 – Present Born: United States Resides: United States · Current Chair of the Federal Reserve, nominated by Trump. Powell has faced substantial and repeated criticism from Trump after his confirmation. The Senate Banking Committee approved Powell's nomination in a 22–1 vote, with Senator Elizabeth Warren casting the lone dissenting vote. · Powell briefly served as Under Secretary of the Treasury for Domestic Finance under George H. W. Bush in 1992. He has served as a member of the Federal Reserve Board of Governors since 2012. He is the first Chair of the Federal Reserve since 1987 not to hold a Ph.D. degree in Economics. · Powell has described the Fed's role as nonpartisan and apolitical. Trump has criticized Powell for not massively lowering federal interest rates and instituting quantitative easing. · The Bloomberg Intelligence Fed Spectrometer rated Powell as neutral (not dove nor hawk). Powell has been a skeptic of round 3 of quantitative easing, initiated in 2012, although he did vote in favor of implementation. · Powell stated that higher capital and liquidity requirements and stress tests have made the financial system safer and must be preserved. However, he also stated that the Volcker Rule should be re-written to exclude smaller banks. Powell supports ample amounts of private capital to support housing finance activities. “The Fed's organization reflects a long-standing desire in American history to ensure that power over our nation's monetary policy and financial system is not concentrated in a few hands, whether in Washington or in high finance or in any single group or constituency.” John Cochrane 1957 – Present Born: United States Resides: United States · Senior Fellow of the Hoover Institution at Stanford University and economist, specializing in financial economics and macroeconomics. · The central idea of Cochrane's research is that macroeconomics and finance should be linked, and a comprehensive theory needs to explain both 1.) how, given the observed prices and financial returns, households and firms decide on consumption, investment, and financing; and 2.) how, in equilibrium, prices and financial returns are determined by households and firms decisions. · Cochrane is the author of ‘Asset Pricing,’ a widely used textbook in graduate courses on asset pricing. According to his own words, the organizing principle of the book is that everything can be traced back to specializations of a single equation: the basic pricing equation. Cochrane received the TIAA-CREF Institute Paul A. Samuelson Award for this book. “Regulators and politicians aren’t nitwits. The libertarian argument that regulation is so dumb — which it surely is — misses the point that it is enacted by really smart people. The fact that the regulatory state is an ideal tool for the entrenchment of political power was surely not missed by its architects.” John Keynes(John Maynard Keynes, 1st Baron Keynes) 1883 – 1946 Born: England Died: England · British economist, whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles, and was one of the most influential economists of the 20th century. Widely considered the founder of modern macroeconomics, his ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots. Keynes was a lifelong member of the Liberal Party, which until the 1920s had been one of the two main political parties in the United Kingdom. · During the 1930s Great Depression, Keynes challenged the ideas of neoclassical economics that held that free markets would, in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands. He argued that aggregate demand (total spending in the economy) determined the overall level of economic activity, and that inadequate aggregate demand could lead to prolonged periods of high unemployment. Keynes advocated the use of fiscal and monetary policies to mitigate the adverse effects of economic recessions and depressions. · Keynes's influence started to wane in the 1970s, his ideas challenged by those who disputed the ability of government to favorably regulate the business cycle with fiscal policy. However, the advent of the global financial crisis of 2007–2008 sparked a resurgence in Keynesian thought. Keynesian economics provided the theoretical underpinning for economic policies undertaken in response to the crisis by President Barack Obama of the United States, Prime Minister Gordon Brown of the United Kingdom, and other heads of governments. · Keynes was vice-chairman of the Marie Stopes Society which provided birth control education and campaigned against job discrimination against women and unequal pay. He was an outspoken critic of laws against homosexuality. Keynes thought that the pursuit of money for its own sake was a pathological condition, and that the proper aim of work is to provide leisure. He wanted shorter working hours and longer holidays for all. Keynes was ultimately a successful investor, building up a private fortune. “How can I accept the Communist doctrine, which sets up as its bible, above and beyond criticism, an obsolete textbook which I know not only to be scientifically erroneous but without interest or application to the modern world? How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above the bourgeoisie and the intelligentsia, who with all their faults, are the quality of life and surely carry the seeds of all human achievement? Even if we need a religion, how can we find it in the turbid rubbish of the red bookshop? It is hard for an educated, decent, intelligent son of Western Europe to find his ideals here, unless he has first suffered some strange and horrid process of conversion which has changed all his values.” John Locke 1632 – 1704 Born: England Died: England · Known as the “Father of Liberalism,” Locke was an English philosopher and physician, widely regarded as one of the most influential of Enlightenment thinkers. His work greatly affected the development of epistemology and political philosophy. His writings influenced Voltaire and Jean-Jacques Rousseau, many Scottish Enlightenment thinkers, as well as the American revolutionaries. His contributions to classical republicanism and liberal theory are reflected in the United States Declaration of Independence. · Locke's political theory was founded on social contract theory. Social contract arguments typically posit that individuals have consented, either explicitly or tacitly, to surrender some of their freedoms and submit to the authority (of the ruler, or to the decision of a majority) in exchange for protection of their remaining rights or maintenance of the social order. · Locke advocated for governmental separation of powers and believed that revolution is not only a right but an obligation in some circumstances. Locke was vehemently opposed to slavery, calling it “vile and miserable … directly opposite to the generous Temper and Courage of our Nation.” · Locke uses the word “property” in both broad and narrow senses. In a broad sense, it covers a wide range of human interests and aspirations; more narrowly, it refers to material goods. He argues that property is a natural right and it is derived from labour aand that the individual ownership of goods and property is justified by the labour exerted to produce those goods · According to Locke, unused property is wasteful and an offence against nature, but, with the introduction of “durable” goods, men could exchange their excessive perishable goods for goods that would last longer and thus not offend the natural law. In his view, the introduction of money marks the culmination of this process, making possible the unlimited accumulation of property without causing waste through spoilage. “The power of the legislative, being derived from the people by a positive voluntary grant and institution, can be no other than what that positive grant conveyed, which being only to make laws, and not to make legislators, the legislative can have no power to transfer their authority of making laws, and place it in other hands.” “No man in civil society can be exempted from the laws of it: for if any man may do what he thinks fit, and there be no appeal on earth, for redress or security against any harm he shall do; I ask, whether he be not perfectly still in the state of nature, and so can be no part or member of that civil society; unless any one will say, the state of nature and civil society are one and the same thing, which I have never yet found any one so great a patron of anarchy as to affirm.” John Mill(John Stuart Mill a.k.a. J. S. Mill) 1806 – 1873 Born: England Died: France · John Stuart Mill was arguably the most influential English speaking philosopher of the nineteenth century. He was a naturalist, a utilitarian, and a liberal, whose work explores the consequences of a thoroughgoing empiricist outlook. In doing so, he sought to combine the best of eighteenth-century Enlightenment thinking with newly emerging currents of nineteenth-century Romantic and historical philosophy. His most important works include System of Logic (1843), On Liberty (1859), Utilitarianism (1861) and An Examination of Sir William Hamilton’s Philosophy (1865). · Mill's conception of liberty justified the freedom of the individual in opposition to unlimited state and social control. A member of the Liberal Party and author of the early feminist work The Subjection of Women (in which he also condemned slavery), he was also the second Member of Parliament to call for women's suffrage after Henry Hunt in 1832. · Mill, an employee for the British East India Company from 1823 to 1858, argued in support of what he called a “benevolent despotism” with regard to the colonies. Mill argued that “To suppose that the same international customs, and the same rules of international morality, can obtain between one civilized nation and another, and between civilized nations and barbarians, is a grave error. ... To characterize any conduct whatever towards a barbarous people as a violation of the law of nations, only shows that he who so speaks has never considered the subject.” · John Stuart Mill believed in the philosophy of Utilitarianism, which he described as the principle that holds “that actions are right in the proportion as they tend to promote happiness [intended pleasure, and the absence of pain], wrong as they tend to produce the reverse of happiness [pain, and the privation of pleasure].” Mill asserts that even when we value virtues for selfish reasons we are in fact cherishing them as a part of our happiness. · Mill's early economic philosophy was one of free markets. However, he accepted interventions in the economy, such as a tax on alcohol, if there were sufficient utilitarian grounds. Mill originally believed that “equality of taxation” meant “equality of sacrifice” and that progressive taxation penalized those who worked harder and saved more. Given an equal tax rate regardless of income, Mill agreed that inheritance should be taxed. · His main objection of socialism was on that of what he saw its destruction of competition. According to Mill, a socialist society would only be attainable through the provision of basic education for all, promoting economic democracy instead of capitalism, in the manner of substituting capitalist businesses with worker cooperatives. · Mill's major work on political democracy defends two fundamental principles at slight odds with each other: extensive participation by citizens and enlightened competence of rulers. He believed that the incompetence of the masses could eventually be overcome if they were given a chance to take part in politics, especially at the local level. · Mill is one of the few political philosophers ever to serve in government as an elected official. In his three years in Parliament, he was more willing to compromise than the “radical” principles expressed in his writing would lead one to expect. “He who knows only his own side of the case knows little of that. His reasons may be good, and no one may have been able to refute them. But if he is equally unable to refute the reasons on the opposite side, if he does not so much as know what they are, he has no ground for preferring either opinion... Nor is it enough that he should hear the opinions of adversaries from his own teachers, presented as they state them, and accompanied by what they offer as refutations. He must be able to hear them from persons who actually believe them...he must know them in their most plausible and persuasive form.” “The only freedom which deserves the name is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it. Each is the proper guardian of his own health, whether bodily, or mental or spiritual. Mankind are greater gainers by suffering each other to live as seems good to themselves, than by compelling each to live as seems good to the rest.” John Rawls 1921 – 2002 Born: United States Died: United States · Liberal American moral and political philosopher who received both the Schock Prize for Logic and Philosophy and the National Humanities Medal in 1999, the latter presented by President Bill Clinton, who acclaimed Rawls for having “helped a whole generation of learned Americans revive their faith in democracy itself.” He is frequently cited by the courts of law in the United States and Canada. · Rawls's most discussed work is his theory of a just liberal society, called justice as fairness. Rawls first wrote about this theory in his book A Theory of Justice. Rawls spoke much about the desire for a well-ordered society; a society of free and equal persons cooperating on fair terms of social cooperation. · Rawls’s most important principle (the Liberty Principal) states that every individual has an equal right to basic liberties. Rawls believes that “personal property” constitutes a basic liberty, but an absolute right to unlimited private property is not. · Rawls's argument for his principles of social justice uses a thought experiment called the “original position”, in which people select what kind of society they would choose to live under if they did not know which social position they would personally occupy. “Justice is the first virtue of social institutions, as truth is of systems of thought. A theory however elegant and economical must be rejected or revised if it is untrue; likewise laws and institutions no matter how efficient and well-arranged must be reformed or abolished if they are unjust. Each person possesses an inviolability founded on justice that even the welfare of society as a whole cannot override. For this reason justice denies that the loss of freedom for some is made right by a greater good shared by others. It does not allow that the sacrifices imposed on a few are outweighed by the larger sum of advantages enjoyed by many. Therefore in a just society the liberties of equal citizenship are taken as settled; the rights secured by justice are not subject to political bargaining or to the calculus of social interests.” Joseph Nye 1937 – Present Born: United States Resides: United States · American political scientist and co-founder of the international relations theory of neoliberalism (a theory concerned first and foremost with absolute gains rather than relative gains to other states), developed in the 1977 book Power and Interdependence. He is noted for his notion of “smart power” (“the ability to combine hard and soft power into a successful strategy”), which became a popular phrase with the Clinton and Obama Administrations. · Secretary of State John Kerry appointed Nye to the Foreign Affairs Policy Board in 2014. In 2014, Nye was awarded the Order of the Rising Sun, Gold and Silver Star in recognition of his “contribution to the development of studies on Japan-U.S. security and to the promotion of the mutual understanding between Japan and the United States.” · From 1977 to 1979, Nye was Deputy to the Undersecretary of State for Security Assistance, Science, and Technology and chaired the National Security Council Group on Nonproliferation of Nuclear Weapons. In recognition of his service, he was awarded the State Department's Distinguished Honor Award in 1979. In 1993 and 1994, he was Chairman of the National Intelligence Council, which coordinates intelligence estimates for the President, and was awarded the Intelligence Community's Distinguished Service Medal. In the Clinton Administration from 1994 to 1995, Nye served as Assistant Secretary of Defense for International Security Affairs, and was awarded the Department's Distinguished Service Medal with Oak Leaf Cluster. Nye was considered by many to be the preferred choice for National Security Advisor in the 2004 presidential campaign of John Kerry. · Nye has been a member of the Harvard faculty since 1964. He is a fellow of the American Academy of Arts & Sciences and a foreign fellow of The British Academy. Nye is also a member of the American Academy of Diplomacy. The 2011 TRIP survey of over 1700 international relations scholars ranks Joe Nye as the sixth most influential scholar in the field of international relations in the past twenty years. He was also ranked as most influential in American foreign policy. In 2011, Foreign Policy magazine named him to its list of top global thinkers. In September 2014, Foreign Policy reported that the international relations scholars and policymakers both ranked Nye as one of the most influential scholars. “When you can get others to admire your ideals and to want what you want, you do not have to spend as much on sticks and carrots to move them in your direction. Seduction is always more effective than coercion, and many values like democracy, human rights, and individual opportunities are deeply seductive.” Karl Popper 1902 – 1994 Born: Austria-Hungary Died: England · Karl Popper is generally regarded as one of the greatest philosophers of science of the 20th century. He was a self-professed critical-rationalist, a dedicated opponent of all forms of scepticism, conventionalism, and relativism in science and in human affairs generally and a committed advocate and staunch defender of the ‘Open Society’. · In ‘The Open Society and Its Enemies’ and ‘The Poverty of Historicism’, Popper developed a critique of historicism and a defense of the “Open Society”. Popper considered historicism to be the theory that history develops inexorably and necessarily according to knowable general laws towards a determinate end. He argued that this view is the principal theoretical presupposition underpinning most forms of authoritarianism and totalitarianism. He argued that historicism is founded upon mistaken assumptions regarding the nature of scientific law and prediction. Since the growth of human knowledge is a causal factor in the evolution of human history, and since “no society can predict, scientifically, its own future states of knowledge”, it follows, he argued, that there can be no predictive science of human history. For Popper, metaphysical and historical indeterminism go hand in hand. · Popper is known for his vigorous defense of liberal democracy and the principles of social criticism that he believed made a flourishing open society possible. His political philosophy embraced ideas from major democratic political ideologies, including socialism/social democracy, libertarianism/classical liberalism and conservatism, and attempted to reconcile them. “Unlimited tolerance must lead to the disappearance of tolerance. If we extend unlimited tolerance even to those who are intolerant, if we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them. In this formulation, I do not imply, for instance, that we should always suppress the utterance of intolerant philosophies; as long as we can counter them by rational argument and keep them in check by public opinion, suppression would certainly be most unwise. But we should claim the right to suppress them if necessary even by force; for it may easily turn out that they are not prepared to meet us on the level of rational argument, but begin by denouncing all argument; they may forbid their followers to listen to rational argument, because it is deceptive, and teach them to answer arguments by the use of their fists or pistols. We should therefore claim, in the name of tolerance, the right not to tolerate the intolerant. We should claim that any movement preaching intolerance places itself outside the law, and we should consider incitement to intolerance and persecution as criminal, in the same way as we should consider incitement to murder, or to kidnapping, or to the revival of the slave trade, as criminal.” Lawrence Summers 1954 – Present Born: United States Resides: United States · American economist, former Vice President of Development Economics and Chief Economist of the World Bank, senior U.S. Treasury Department official throughout President Clinton's administration, Treasury Secretary 1999–2001, and former director of the National Economic Council for President Obama (2009–2010). Summers served as the 27th President of Harvard University from 2001 to 2006. Current professor and director of the Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School of Government. · As a researcher, Summers has made important contributions in many areas of economics, primarily public finance, labor economics, financial economics, and macroeconomics. Summers has also worked in international economics, economic demography, economic history and development economics.[ He received the John Bates Clark Medal in 1993 from the American Economic Association. In 1987, he was the first social scientist to win the Alan T. Waterman Award from the National Science Foundation. Summers is also a member of the National Academy of Sciences. · In 1983, at age 28, Summers became one of the youngest tenured professors in Harvard's history. In 2006, Summers resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty. Summers viewed his beliefs on why science and engineering had an under-representation of women to be a large part in the vote, saying, “There is a great deal of absurd political correctness. Now, I'm somebody who believes very strongly in diversity, who resists racism in all of its many incarnations, who thinks that there is a great deal that's unjust in American society that needs to be combated, but it seems to be that there is a kind of creeping totalitarianism in terms of what kind of ideas are acceptable and are debatable on college campuses.” · As the World Bank's Vice President of Development Economics and Chief Economist, Summers played a role in designing strategies to aid developing countries, worked on the bank's loan committee, guided the bank's research and statistics operations, and guided external training programs. The World Bank's official site reports that Summer's research included an “influential” report that demonstrated a very high return from investments in educating girls in developing nations. According to The Economist, Summers was “often at the centre of heated debates” about economic policy, to an extent exceptional for the history of the World Bank in recent decades. · In 1999 Summers endorsed the Gramm–Leach–Bliley Act which removed the separation between investment and commercial banks. In February 2009, Summers quoted John Maynard Keynes, saying “When circumstances change, I change my opinion”, reflecting both on the failures of Wall Street deregulation and his new leadership role in the government bailout.
Have you been up to date with major Crypto news from this week?
Coinbase talked to US regulators about the possibility of obtaining banking licenses.
Coinbase has invested in a cryptocurrency startup that lets users earn interest on cryptocurrencies.
Switzerland is considering the possibility of a state-backed cryptocurrency according to a Reuters report.
The Wall Street Journal (WSJ) reviewed documents on 1,450 digital coin offerings and found that 271 of the coins had red flags that include: plagiarized investor documents, promises of guaranteed returns and missing or fake executive teams.
Bitcoin’s lightning network (LN) is approaching 2000 functional nodes as users are now highlighting the cost savings that come with the technology.
New York just granted its 5th BitLicense to Genesis Global Trading. The platform supports Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH) Ethereum Classic (ETC), Ripple (XRP), Litecoin (LTC), and Zcash (ZEC).
Canaan, a Bitcoin mining company is filing for an IPO in Hong Kong. The firm creates Avalon hardware equipment, produces ASIC mining chips and rigs.
Germany’s Stuttgart Borse, its second largest stock exchange, has announced it is launching a zero-fee cryptocurrency app.
Former JPMorgan executive Blythe Masters discussed Digital Asset’s (DA) efforts to integrate blockchain technology into capital market functions at Consensus 2018. DA is a startup that is working with the Australian Securities Exchanges’ clearing system and intends to integrate blockchain clearing on the ASX by late 2020 or early 2021.
The first commercial bond transaction using blockchain has reportedly been completed between Russian Bank Sberbank CIB and telecom firm MTS. MTS placed USD$12.11mm worth of bonds with Sberbank being the primary buyer using delivery versus payment method of settlement.
The Chinese government has been working on a rating system for roughly 28 cryptocurrencies and Ethereum (ETH) was ranked number one. The government ranked cryptocurrencies on technology, application and innovation.
Spanish bank Santander has become the first company to use blockchain technology for investor voting.
Nomura, Ledger and Global Advisors are planning on building a secure digital asset custody solution. The firms are creating Komainu, a project aimed at asset custody for institutional investors.
The U.S. Securities and Exchange Commission (SEC) launched a fake ICO today called HoweyCoin.
Coinigy is launching a subscription-based cryptocurrency trading mobile application via Coinigy Mobile.
CNBC’s Brian Kelly is launching a Blockchain ETF. The ETF will be actively managed and consist of a portfolio of 30 companies actively using blockchain technology
Telecom firm Nokia and Software company OSIsoft is partnering with Blockchain data platform Steamr to allow mobile customers to monetize their user data and make purchases.
FuzeX has created a smart eCard that enables shoppers to store up to 15 cryptocurrency accounts, 10 debit or credit cards and five reward accounts in one place.
Coinbase said that it will be upgrading its services to cater to ultrafast traders. This upgrade will make Coinbase one of the first bitcoin exchanges to welcome high frequency trading.
Social cryptocurrency trading and brokerage firm eToro is expanding to the United States in an announcement made at Consensus 2018.
HTC is selling a blockchain phone that will be dedicated to decentralized applications and security.
Cryptocurrency firm Circle, which bought cryptocurrency exchange Poloniex in February, has raised USD$110mm in Series E funding. The funding round was led by Chinese firm Bitmain Technologies and Blockchain Capital, Pantera, Digital Currency Group were other notable investors.
IBM and Veridium will be joining forces to bring carbon credits onto blockchain with the goal of making it easier for companies to offset their environmental footprints.
Thomson Reuters (TRI) is launching a cryptocurrency real-time rates data feed. The firm will be providing an API interface giving users data from various cryptocurrency exchanges such as Bitflyer and Bitpoint.
The banking unit of Japan’s Mitsbuishi UFJ Financial Group (MUFG) plans to trial its own cryptocurrency as early as 2019 according to Cointelegraph
Bitbond, an online Germany bank is now allowing customers to transfer loans using Bitcoin
Sibos 2019: Final wrap-up of talks, interviews and daily news
This year _FinTech Futures_brought you the Daily News at Sibos, in print and online, as well as exclusive interviews with industry leaders and summaries of keynote talks. Now it’s all over, we thought we’d pull all this content together into one final wrap-up of the London-hosted four day event. Day One: Monday 23rd September Daily News at Sibos Kicking off our first day of news and features, we explored AI, emerging technologies and legacy system updates with appearances from Credit Enable CEO Nadia Sood, Cogress business development direct Zac Gazit and Nasdaq’s Carl Slesser and Hanaa Bengtsson. _Regulation isn’t enough to trust the cloud_Regulation is not enough to bring transparency and trust to the cloud, “we need more practical solutions,” says Credit Bank of Moscow’s deputy board chairman, Sergey Putyatinsky at Sibos. PSD2 bringing APIs to industry forefront The second Payment Services Directive (PSD2) has changed the way that banks think about technology, and brought the discussion about application programming interfaces (APIs) from its original place in the IT department to the forefront of the industry’s mind, according to a panel at Sibos. Swift reveals 41 second European payments pilot Swift has revealed its latest European payments pilot at Sibos which took 41 seconds to travel from Singapore to Germany, following _FinTech Future_‘s exclusive preview on the announcement. When do digital ecosystems stop performing? There are both opportunities and setbacks when it comes to creating a truly digital ecosystem, but vendors should be “aware of the challenges on the supply chain” argues Colin Parry, CEO of Issa, at Sibos. Interconnection will mean more flash crashes in FX “You ain’t seen nothing yet,” says UBS’s strategic development lab head Christopher Purves, who talks about the rise of interconnection between systems in foreign exchange (FX) and how this will cause flash crashes like we’ve never seen before. Banks face existential threat from fintechs “willing to lose money” Banks are misjudging competitive risk in the payments market, and are facing an existential threat if they don’t match up to fintechs willing to lose money to snatch up customer relationships and deal with payments friction, says Alan Trefler, CEO of Pega Systems, speaking at Sibos. Day Two: Tuesday 24th September Daily News at Sibos This issue explores how financial organisations are keeping ahead of cybersecurity threats as new technology ushers in new risks which need to be tackled. Panaseer’s VP Becky Keightley talks about the evolution of financial crime for banks, while senior associate at Cooke, Young & Keidan Michael Cumming-Bruce talks about the opportunities for fraud with Libra. _London could be “centre of the world” for RMB_London has the potential to be the centre of the world for Chinese RMB, according to Charles Li, CEO of Hong Kong Stock Exchange and Clearing (HKEX), should his firm’s proposed £32 billion merger with the London Stock Exchange Group (LSE) go ahead. Visa’s digitisation tries to avoid “immediate displacement” of cash Visa is trying to avoid “immediate displacement” of cash in its digitisation process so as not to disrupt the US population which is still heavily cash-based, says SVP global head of Visa Business, Kevin Phalen, at a Sibos round table. “Digital transformation will happen quicker in LatAm than Europe” There will be a “leap frog” in Latin America’s digital transformation progress soon, beating Europe’s time to digital, says McKinsey’s senior partner Carlos Trascasa at Sibos. Embracing payments change will keep banks in fintech race The implementation of instant payment schemes like EBA Clearing’s RT1 and new Request to Pay (R2P) initiatives will help banks compete with global technology firms and fintechs, according to a Sibos panel. MUFG “ready to work with fintechs” Japan-based Mitsubishi UFJ Financial Group (MUFG) is “ready to work with fintechs”, revealing it already has its eyes on some and wants to open up the conversation as much as possible, says its EMEA head of cash and liquidity management Alan Verschoyle-King in an exclusive interview with FinTech Futures. Banks must improve data handling to root out financial crime Banks need to improve the handling of their data before they attempt to apply artificial intelligence (AI) or machine learning systems to root out money laundering and financial crime, according to a panel at Sibos. Day Three: Wednesday 25th September Daily News at Sibos For this penultimate edition, the theme is adapting to shifting geopolitical and regulatory priorities. Global head of transactional services at AbsaThabo Makoko explores how countries in the south of the African equator can improve their payments infrastructure, while managing director and head of global transaction banking at Lloyds Bank Commercial Banking Ed Thurman analyses how global trading tensions are prompting more corporates to diversify the markets they trade in. _“Blockchain is not a magic wand,” says Euroclear_Belgium-based financial services company Euroclear says “blockchain is not a magic wand” on a panel discussion at Sibos about the vulnerabilities of blockchain. Aligning compliance with real-time payments With faster payments redefining transactions, consumers now expect greater transparency and banks should focus on the “implications of data” to stay innovative, says Marion King, director of payments at NatWest. SEB launches new environment-friendly product for Nordic SMBs Swedish corporate bank Skandinaviska Enskilda Banken (SEB) says the largest risk concern for its SMB clients in supply chain financing (SCF) is the environment, shifting from last year’s focus on renewable energy. Cultural barriers need to fall to make cybersecurity more transparent “It’s critical not to let the bad guys win [the cybersecurity race] by letting them take advantage of our fragmented regulatory landscape,” says Norton Rose Fulbright’s head of technology and innovation Stella Cramer at Sibos. IBM’s initiative for social good Aleksandra Mojsilovic from IBM Research discusses why using AI and machine learning to tackle societal challenges should be on every business’ mind. Day Four: Thursday 26th September Daily News at Sibos Leveraging data to uncover new connections is the theme of this year’s final edition. CTO & COO Moshe Selfin and VP of CTO Office Ilya Dubinsky at Credorax discuss the future of 5G and its easily accessible data, while EMEA head of State Street Global Exchange Riccardo Lamanna explores how financial services has undertaken AI, data ledger technology, robotics and cloud technologies – questioning whether some of this technology is a fad, or whether it will become essential. Watch out for Asian big techs like Alipay, Accenture warns banks Banks aren’t looking closely enough at big technology firms in Asia such as Alipay, says Accenture‘s MD banking lead Cécile André Leruste. “We don’t get rid of anything in this industry”, says Fiserv director “We don’t get rid of anything in this industry,” says Fiserv director of product Trevor LeFleche on the evolution of payments and the current uses of cash, card and digital channels at Sibos London in an exclusive interview with FinTech Futures.
The dates are not so accurate here and there. There could be a little bit editing, but mostly, original conversation.
For a transparency and a big support to IF!
7/10 microhash - 06/28/2018 Thanks for the advice, guys. Already told eric that I'm interested, now it's up to the IF. dom - Today at 3:04 AM no, we do not work with Bosch on Jinn Fahad Sheikh - Today at 3:14 AM There is a lot to look forward to, didn't ya'll see the Project List that Edward posted in Medium? Coordicide being the most interesting one IMO. Come-from-Beyond - Today at 6:34 AM [bro which company will manufacture the jinn processors] Nvidia, joke :trollcfb: Eric Hop - Today at 5:10 AM If you are thinking there isn't much response from IF on Discord at the moment: we're all together at a summit working closely together. We're doing team building (we're from all over the globe) and work shops. Cross team presentations. And working in research groups to boost most projects forward. 7/20 David Sønstebø - Today at 1:27 AM The lightweight trinary hashfunction that IOTA set out to create with the Curl-P project will indeed be created by world leading cryptographers who specialize in exactly this field within cryptography. and yes, this has begun. 7/27 Ralf RottmannLast Monday at 5:53 PM 1.) IOTA Foundation has been very clear about the importance of manual tethering and that understanding deployment topologies will be an ongoing research topic. IOTA Foundation has also made clear, that better support for finding neighbours is a topic under active research. As the current status clearly shows, the solution is not as simple as what Nelson brings to the table. So in essence, Nelson forces IOTA Foundation to shift priorities. These things happen all the time and we are not that worried about it. We knew this ride wouldn't be easy! 2.) In an open source, permissionless environment, Roman and his team do not have to ask for permission and do not have to cooperate with anybody. They can do whatever they think might be valuable for the community, the network and its many different stakeholders. It will always be up to the users and various parties who are having an interest into the technology, to decide whether they see value being added or damage done. There is no objective judge empowered to decide. On the contrary, everyone is entitled to freely voice praise, concerns and opinion at any time. 3.) It already is public knowledge, that IOTA Foundation has been discussing ways to actively collaborate with Roman and his team a while ago but we couldn't agree around technicalities and commercials and ultimately mutually decided, that it would help the community at large, if Roman and his team stay completely independent and IOTA Foundation continues its research and development, with network topology just being a tiny part of the grand vision. 4.) Roman has publicly stated, that he is not interested in forking the project and only wants to do good for IOTA. I personally appreciate him being very clear about this, because it takes away uncertainty and speculation and I trust Roman to be genuinely honest with us. It does, however, come with the territory, that forks might happen at any time. I personally do not worry that much, should we ever see an attempt from anybody to embark on a fork. My decision to follow such an undertaking (with time, effort and money), would always be based on the likelihood of the effort to having enough funds to exist long-term. IOTA is not just about a network of nodes. Bringing the complete vision to life is an enormous effort, that will take years to come, the commitment of large corporate and public partners and affording a strong global team, to holding the pieces together. I have seen many similar initiatives failing. So far, IOTA Foundation has done very well and I'm confident we're just getting started. I hope this somewhat sets the record straight for what I've been stating on Twitter and elsewhere! dom Last Monday at 4:01 AM sidetangles are something that we are actively researching right now with a university. Quite frankly, at the current stage, they serve little purpose on the mainnet for any of our use cases or products we intend to build. dom Last Monday at 4:02 AM I'm not sure if they will be disabled by this fix entirely - I don't think so. But I will let our engineers answer that. iota yodler Yesterday at 11:35 PM is the Finish line in sight?! dom Yesterday at 11:36 PM [about recalim status] 85% David Sønstebø 07/20/2018 [Any news about IOTA and the e-krona in the past weeks? ] Nothing to report right now, in Scandinavia it is summer vacation David Sønstebø Last Wednesday at 4:43 AM [any information about work with partners, like VW, Cisco, Schindler.... etc] @DvorNick When it comes to updates with organizations we work with, it is equally in their hands. It's unfortunately an incredibly tedious process, the people we work with are excited to get news out, but they have to jump through 10 hoops to get it approved David Sønstebø Last Wednesday at 4:52 AM 1) If the community had to choose, what do you want: founders and Foundation members that can communicate in a friendly, transparent and open fashion, including the candid joking chats or shadows in ivory towers with personality cults? 2) I refuse to believe CfB has ever said: "I guarantee the price will be X" Our vision, our status updates etc. are 100% honest. That's what you need to focus on. We don't cater to speculators, we just put the truth out there, then you can interpret and speculate as you want Come-from-Beyond Last Wednesday at 4:55 AM I just said that IOTA will be #1 on CMC Come-from-Beyond Last Wednesday at 4:55 AM roughly 5 months left David Sønstebø Last Wednesday at 4:58 AM @Ryan G. 100%. 6 degrees of separation is no joke. For IF right now it's more about quality over quantity, we got way more demand than we can supply, but there's certainly a few things that will come to mind David Sønstebø Last Wednesday at 5:08 AM [You have selected great advisors for IF, well done! question: how do you work with them in the organisation?] @ets Thanks. It differs from person to person, some we are working with on a nearly daily basis, others we speak with once a week about the bigger picture, or more actively within a certain project Ralf Rottmann Last Monday at 5:07 PM @Th3B0Y We are actively engaging with Eclipse Foundation. They have governance figured out for large projects like ours. Ralf Rottmann Last Monday at 5:15 PM [will IF always decide, for example, what changes and what doesn't on IRI?] @Th3B0Y No. That's exactly what Eclipse Foundation will bring to the table. It has clearly outlined and well established processes around these things and will help us to bring in large contributors (like corporate partners) down to individuals. We are already engaging with key partners who are keen to help contributing to our code base. Moving under Eclipse Foundation involves some complex legal matters around trademarks, which is why we are not "just doing it" right away. Ralf Rottmann Last Monday at 5:22 PM [ if the IF doesn't want something to change/be added but many devs want, will it be "merged" anyway? or will they simply have to fork it?] @Th3B0Y There will be a process around it with IOTA Foundation not having sort of the ultimate power. That was never our intention. It's just required at the early stage we're at. –– Of course, everybody can decide to fork at any time and everyone can decide to go with a fork. I personally would make such a decision primarily based on the likelihood of any fork to having enough funds for supporting an undertaking as big as the IOTA vision. We have to keep it mind, it's not just about setting up a basic network! (Something we tend to forget.) 7/30 Ralf Rottmann Last Tuesday at 12:11 AM Sergey Ivancheglo is a honorary member & founder. He is not legally employed by IOTA Foundation, as many others. CfB developed the first version of COO. IOTA Foundation runs and operates COO instances and has full access to the source code. Edward Greve Last Tuesday at 12:58 AM [CFB is creating a significant portion of Tangles technology] @Deep_Sea_Hopper Not since 2016 Edward Greve Last Tuesday at 12:58 AM CFB hasn't contributed to IRI (or any other IF maintained repo) to my knowledge since then Edward Greve Last Tuesday at 1:02 AM Ict, at the moment, is being worked on by CFB alone. We (IF) have seen the code, but are not working on it until he's "done" with it and then gives it to us to fix / polish / improve and release publicly. The same thing happened with IRI ~2 years ago... Ralf RottmannLast Tuesday at 1:07 AM @Deep_Sea_Hopper For the sake of completeness and because it has been said before: We were considering working with Roman's team but the technicalities and commercials haven't worked out. We are confident, that our very own teams will figure out a solution while at the same time spending our funds in line with our charitable, non-profit boundaries. -- There are some good news in this: We all seem to be completely aligned about the various problem statements. The various parties can now start working on fixes. Edward GreveLast Tuesday at 1:15 AM He is saying that Ict represents the swarm nodes, and doesn't expect them to work in the current mainnet environment due to his assumption that the Ict nodes and autopeered nodes will form separate clusters, with the vast majority of transactions happening outside of the Ict cluster. Edward GreveLast Tuesday at 1:21 AM Ideally, we would have a well-researched auto peering solution, which answers all of the open questions. I don't see it happening that quickly though. It's a complex problem. Ralf RottmannLast Tuesday at 3:31 AM @lluisin I have explained it before: We did take a thorough look at Nelson and decided, that we leverage our engineering team, to address the problem of automatic peering. As a charitable non-profit foundation (sorry for constantly reminding everyone of this), we need to pick carefully, where we spend money. We currently cannot justify to enhance a "product" that we ultimately do not believe in as a solution to a core challenge. As towards collaboration with Roman in a professional capacity, we did discuss this openly with him and his brother but couldn't agree on the technicalities and commercials. Ralf RottmannLast Tuesday at 3:39 AM Applied to what Roman and his team do, this means we can't invest into Field, which is not yet open source and not developed in the open. Same is true for Hercules. We could potentially invest into Nelson but don't think it's solving the problem the right way. We haven't done an exhaustively deep analysis. We haven't prepared a laundry list of points, that Roman and his team could work upon to make Nelson better. Nelson is not our product. We don't believe in it. Hence we're not "wasting" the Foundation's time and money on improving it. We (have to) live with the consequences it causes and instead ramp up our own efforts to eliminate the root issues. Thanks to the many donors who believe in the project, we have the funds to work on this for years to come and are confident that time and dedication will bring us there. Ralf RottmannLast Tuesday at 3:46 AM I absolutely understand that humans tend to jump on apparent short term fixes and it's extremely difficult to stay patient. And there is one other aspect: Workarounds like Nelson constantly challenge the network and our basic assumptions. They help surfacing what we don't know. It's not always fun, but it certainly helps driving IOTA forward! So we are eternally grateful for having Roman and every other community developer around. We also believe, there are vast commercial opportunities for the community in IOTA. Spending Foundation money on those just is a totally different story. For the Semko brothers there is absolutely nothing to worry about. There also is no attitude. I think this very open debate is a testament to exactly that. The community has asked for more transparency. We hopefully have established that. Since my very first day in this community, I always said what I mean. You can either ask for my honest opinion or should not ask me. It would have been way easier to respond with some generic paragraph about how much we appreciate every contribution and move on. The fact of the matter is: We are all in this together for a multitude of different reasons. That is what makes IOTA so fascinating. As the only party, who is a regularly audited charitable non-profit, we are legally required to make all of our decisions transparent. Hence we sometimes cannot rush out fixes, release untested software or do quick investment decisions. When the IOTA founders chose a non-profit foundation, they did so for a reason. One thing everyone can be absolutely assured at any time: IOTA Foundation is not in this for any commercial purposes. It has no shareholders. No beneficiaries. No owners. It is owned by itself. That's a major advantage. (And also, why I'm not at all nervous about the potential of any forks. Going with a fork that's not governed as a charitable non-profit would be borderline stupid.) Ralf RottmannLast Tuesday at 4:07 AM Getting back to Nelson: As Roman stated earlier, we had Mathew Yarger looking into Nelson. We do plan to send our findings and questions to Roman by the end of the week. Out of respect, I would leave it up to Roman whether he wants to share publicly and to which extend he sees value in keeping the community updated about our interaction. Come-from-BeyondLast Tuesday at 4:53 AM I'm back guys, has anyone reviewed my claim that current Nelson's strategy contradicts to what was recommended in that paper about reaching consensus? (https://www3.nd.edu/~mhaenggi/pubs/jstsp11.pdf) Ralf RottmannLast Tuesday at 5:04 AM [Okay so the lower rotation frequence creates wormholes? ] @PatriQ That’s actually the entire point. It’s a hard problem to solve. Needs research. Thoroughly reading relevant papers. Rushing out a workaround and hoping it “just works” is not the way the foundation can handle things. And we take the liberty to occasionally highlight this aspect. Come-from-BeyondLast Tuesday at 5:04 AM [Okay so the lower rotation frequence creates wormholes?] Higher rotation frequency does. Also make sure that you have not more than 3 active neighbors with manual tehtering we use 5-7 assuming that some neighbors will die PatriQLast Tuesday at 5:06 AM Okay so we figured out couple of points: 1# Higher rotation frequency creates wormholes. 2# Max 5-7 neighbors (thats included with Nelson) What else? Ralf RottmannLast Tuesday at 5:16 AM @Deep_Sea_Hopper We did an analysis and Roman is in touch with Mat. Come-from-BeyondLast Tuesday at 5:42 AM @PatriQ 2# Max 5-7 neighbors (thats included with Nelson) 3 neighbors if Nelson is used (assuming those neighbors are active ones) David SønstebøLast Tuesday at 9:34 AM Today has been an interesting one. Some topics need to be clarified right away: The IOTA Foundation is 100% supportive of any third party actors such as the Semko brothers, the IOTA project is an open and permissionless one; therefore everyone has the right to develop on top of it. In fact, the entire IOTA project is dependent on it. Independent entities, whether big or small, getting involved and developing in conjunction with or independent of the IOTA Foundation is a mantra we have been preaching since the very inception of IOTA. It is the vision we still have for the future of IOTA. As an open source project, this is crucial for success. Another vital aspect is a drastic improvement in communication, bilaterally between IF and third parties, as well as in general to the broader community. We are happy to say that this is the number one priority of the foundation at the moment. We know that people can become confused and begin to speculate, rightfully so, when there is a vacuum in communication. If something is going on with the network that we have not communicated beforehand, then Fear, Uncertainty and Doubt kicks in. What we are working on right now is weekly newsletters, weekly update blog posts on certain days, and a roadmap that is continually up to date, that will give everyone a clear insight into where the different projects are, both from development and research perspectives, as well are defined ETAs. The IOTA community is a smart and driven one, but no one can be expected to predict the future or read our minds; therefore it is incumbent upon the IOTA Foundation to communicate in a fashion that gives people predictable roadmaps and status updates to avoid excessive worrying. Finally, everyone should feel absolutely free to raise their opinions and ask whatever questions they feel like. At the end of the day we are all in this together, and while the work being conducted by IF now is more efficient and focused than ever before, it is ultimately our responsibility that this is reflected in our communication and thus permeates the attitude of the project overall. Come-from-BeyondLast Friday at 3:36 PM [Is it attacker led or just a bad fix in 1.5.2?] 1.5.2 is a first half of the fix, next version will deploy the other half Let's do totalizator, like horse-racing but in our case one with highest confirmation ratio will win? Come-from-BeyondLast Friday at 5:19 PM [when fix to the IRI?] Dunno, IF doesn't rush to release a fix, its goal not only to make users happy but also to analyze attacks and counterattacks 7/30 domYesterday at 5:27 PM network protocol and syncing is something we are looking deeper right now. But the network layer is the number one bottleneck of IOTA right now. domYesterday at 5:50 PM waiting on the Desktop release, then we will work on the Ledger integration. but the community already did a fantastic job there domYesterday at 5:51 PM yeh, Trinity Desktop will be amazing I really want to see an IOTA App Marketplace evolve around that, where people can then test various use cases. Like the TipBot, secure audit trails, timestamping documents, paying for storage etc. it can become a gateway for a sort of sandbox environment, where you can try these apps out and just contribute through that (experimenting with new IOTA-based apps). domYesterday at 6:02 PM btw, I think IOTA is one of the few projects where the community is contributing a lot of great development, making this really a more decentralized ecosystem. Ethereum has that, and maybe Bitcoin, but I don't know of any other project that has fully working core clients, libraries ,node deployment scripts and services (like the tipbot) like we do domYesterday at 6:43 PM [I was quoting David a few months ago where target was > 100 CTPS EOY 18] we still aim for that domYesterday at 6:48 PM [wasn't the tangle taken down regularly by attackers even with the COO? How is a large corp going to commit?] we have a technical roadmap and we stick to that - this includes achieving the KPI's mentioned above. Right now we have to resolve a lot of technical debt from previous years, but we are quickly catching up and making IRI more robust. Private Tangles are great for corporates to experiment right now. Ralf RottmannYesterday at 3:49 AM I understand the rationale behind it but don’t like how the idea, once people get used to it, might pave the way to transaction-fees. Of course everyone can built businesses on top of IOTA and that is a huge part of building an ecosystem. I just wouldn’t personally endorse the idea to prioritize value tx at this stage of the project. Not meant as an offense! Roman SemkoYesterday at 4:06 AM Not taken as offence, @Ralf Rottmann ! We are all grown ups to discuss this in a civilized manner. I am not intending to keep this tipsel algo. It is just one temporary node targeting to solve current bottleneck. Nothing more. I am of the same opinion as you on this one. Ralf RottmannYesterday at 4:08 AM Thanks, @Roman Semko. May I cross-post this to twitter? People seem to somehow think the two of us are enemies... I plan to add Hercules nodes to IOTA.FM over the weekend. If that doesn’t prove otherwise, I don’t know! 8/1 Come-from-BeyondToday at 8:02 AM [any hot news or maybe a riddle to tied us over until the next major development?] Have you seen Li-Fi demo transferring data over 1 km? Come-from-BeyondToday at 8:06 AM [Link please!] good that no, because it's classified :trollcfb: https://www.youtube.com/watch?v=jV3RpeJNvbU&feature=youtu.be David SønstebøToday at 2:26 AM LiFi is part of the start-up of me and @Come-from-Beyond yes, it's a natural extension of enabling a true mist of computing David SønstebøToday at 2:27 AM [Lifi is a JINN project?] @Crewtons Tied to Jinn Labs, not JINN 8/2 David SønstebøYesterday at 11:04 PM @everyone The IOTA Foundation is revamping and allocating more resources towards its communication strategy at the moment. We consider it pivotal for the success of the project to have a thriving community, a key ingredient in maintaining and growing that is to improve the communication from the Foundation to the community. As part of this new initiative, there will predictable/scheduled blog post updates from the Research, Engineering, Social and Biz Dev/Partnerships departments coming soon. Research will be posting a new topic delving into the nitty-gritty of IOTA every other Wednesday from now on, starting with today's piece by Alon Gal: https://twitter.com/iotatoken/status/1024656969590812673 DaveToday at 3:07 AM [Who is HusQy from the IF?] He is working on local snapshots, he will be announced soon green_protocolToday at 4:42 AM http://www.lighting.philips.com/main/products/lifi Philips Canada and Cisco Canada have demo'ed LIFI Come-from-BeyondToday at 6:52 AM [call me whatever, ban me if you want, but lifi seems really stupid] agree, so is WiFi and Bluetooth which are just radio which was invented 100 years ago :trollcfb: Come-from-BeyondToday at 6:55 AM [So, this laser demo, is this for connecting clusters in EC?] no, it's for connecting buildings in cities Come-from-BeyondToday at 7:03 AM [How I’m going to use lifi on my grandma village! They don’t have light on the streets] that was just few milliWt demo, use few killoWt one and you'll be able to play Star Wars with your friends Come-from-BeyondToday at 7:05 AM [How you gonna power that 1kW laser] connect to neighbors Bitcoin mining farm, he won't notice that I connected :trollface: [But LiFi isn't new.. What is so special about your LiFi CFB?] 5G is not new too, just radio :trollcfb: Eric HopToday at 8:51 AM [Can we expect an Qubic update 3.8.?] Yep, of course. 3rd of the month. 8/3 Edward GreveYesterday at 7:37 PM @everyone IRI 1.5.3 is out now! The new version of IRI addresses the blowball problem seen on Mainnet. Download IRI 1.5.3 here. https://github.com/iotaledgeiri/releases/tag/v1.5.3 domYesterday at 4:37 PM Rolf is probably moving on to an even bigger opportunity (maybe even a DAX company). Ralf is still 100% committed to IOTA and is part of the Foundation. once we can share more, we will tell you guys :smiley: Maybe Rolf himself will come on discord. domYesterday at 4:39 PM [And your work with VW is still intact?] of course same with Fujitsu domYesterday at 4:39 PM we are still working with them on Industry 4.0 related topics. We are in touch with several different departments there domYesterday at 4:58 PM [.rolf has been instrumental & a great advocate for IOTA would be a shame to lose such a visionary.] we are not losing him at all :smiley: [has Oliver bussmann left the foundation??] yes, we no longer work with Oliver [–]domschDominik Schiener - Co-founder of IOTA 32 점 1 일 전에 We will have an update on the data marketplace very soon :)
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