October 1st

“We are not here to make such projects impossible. We will respond to them with an open mind, with an attitude that same risks require same rules.

Noting that Switzerland’s ‘rules and standards are non-negotiable,’ Branson continued to say that Libra ‘is something which is being done transparently.’

I am much more nervous about projects which develop in a dark corner in the financial system somewhere, spread themselves out through cyberspace and one day are too big to be stopped.”

See Also: Leak of Facebook’s Internal Q&A Sessions Reveal Early Strategy for Libra

“Block.One must pay $24 million in penalties for conducting an unregistered securities sale. The SEC said in a press release that Block.One ‘raised the equivalent of several billion dollars‘ over a one-year period in an unregistered initial coin offering (ICO). (A total of $4.1 billion was raised.)

The fine amounts to 0.58 percent of the initial raise.

Block.One said the settlement only applies to the sale of the original ERC-20 token it sold. EOS holders swapped their ethereum-based tokens with the proper EOS tokens when the network first went live.”

See Also: Sia Reaches $225K SEC Settlement Over $120K Unregistered Token Sale

“The network says it will enable dapps to conduct ‘millions of transactions per second at a fraction of the cost of what’s possible today.’ The network aims to help the developers by providing a Layer 2 platform with high speeds, fast finality and low costs. SKALE currently has 23 different dapps on the platform.

I expect a majority of the smart contracts in the Ethereum ecosystem to eventually leverage Skale.”

See Also: InstaDApp DeFi Site Raises $2.4 Million From Prominent Crypto Investors

The “apple.eth” domain has been grabbed with no way to get it back. The auction kicked off on Sept. 1 and was run by digital collectibles marketplace OpenSea.

Taking “full responsibility” for the bug, OpenSea said 17 names in total were taken by the hacker, including other notable ones such as defi.eth, wallet.eth, and pay.eth. The bug in the auction software had distributed ENS domains to participants who did not hold the highest bid.

The firm has asked for the domain names to be returned so they can be re-auctioned. A reward of 25 percent of the final auction price plus the original bid will be given to the hacker. Apple.eth and the 16 other hacked domains have been blacklisted by OpenSea. ENS is considering blacklisting the names as well.”

See Also: How we’re resolving the issues with the ENS short-name auctions

“Stellar originally included the inflation tool in order for projects to gain extra funds from community payouts.

Five years and several million accounts later, it’s clear that inflation doesn’t serve this purpose. Rather than sending inflation to projects building on Stellar, the majority of users join pools in order to claim that inflation for themselves.

Should the proposal to remove inflation fail, version 13 of the Stellar protocol — being itself a subject of a community-wide vote — will reinclude it.”

“In a little over two weeks, Hedera Hashgraph’s HBAR cryptocurrency has dipped from a high of $0.36cents to around $0.03 as of press time. The blockchain-like network’s CEO now says he will re-evaluate the token’s economic model and potentially change HBAR’s distribution schedule to give the company time to reassess.

We are thrilled with the technical performance of our platform. We also believe that there may be an opportunity to make improvements to Hedera’s coin model.

As more HBAR are released, it will increase selling pressure on HBAR. For the price to support sell pressure, something needs to attract investors and speculators in this market … because that supply is going to shock the system.”

“Former employees of JPMorgan, Intel and TrustToken have unveiled a dollar-backed stablecoin with a twist: revenue sharing for the institutions that use it. Their new company, Global Currency Organization (GCO), developed the USD Digital (USDD) token.

A novel fifty-fifty revenue sharing model incentivizes that adoption, GCO says, and USDD’s placement on the ethereum blockchain provides users with transparency.”

Dash Vending Machine

“United Kingdom-based digital banking app Revolut announced a major partnership with Visa to expand its services globally across 24 new markets, including North America.

Visa will enable the app to launch services initially in Australia, Brazil, Canada, Japan, New Zealand, Russia, Singapore and the United States. In late 2017, Revolut rolled out support for Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).”

“Chaired by Yoshitaka Kitao, CEO and representative director of SBI Holdings and an exec at Ripple Labs, six major Japanese brokerage firms established the Japan Security Token Offering (STO) Association.

Japan STO Association will support the development of STO fundraising by consolidating expertise in the industry, ensuring compliance with laws and protecting investors.”

“With BitSwing traders are able to take long or short positions on the Bitcoin (BTC)/USD market  within a one-minute time frame.

As with traditional binary options, traders can purchase a call option contract, betting on an increase in the BTC/USD spot market price one minute later, or a put option that bets on a decrease.”

“Ethereum (ETH) smart contract FairWin, recently accused of being the fastest-growing Ponzi scheme on Ethereum, was emptied. FairWin was purportedly mainly shared on Chinese social media and blogs, and worked as a 5-day period high yield investment program.

It is unclear whether the contract was drained by its owner, some malicious actors or concerned users, but the multitude of withdrawing addresses suggests the latter.”

“The Bitcoin (BTC) network experienced fresh turbulence on Sept. 30 while evidence emerged of a fire destroying $10 million worth of mining rigs.

Mining company Innosilicon’s giant data center began burning on Monday. Details remain sparse, but a video appeared showing the machines reportedly continuing to run despite being on fire.”