October 15

Twenty-one organizations have signed the Libra Association charter, days after a slew of high-profile defections from the cryptocurrency project started by Facebook.

The Libra Association also named its board of directors and formalized the consortium’s executive team following a meeting in Geneva, Switzerland.

Facebook still remains a key player in the project with Calibra CEO and former Facebook blockchain lead David Marcus taking a seat on the five-person board. Other board members include Katie Haun, a general partner with Andreessen Horowitz; Wences Cesares, CEO of Xapo; Patrick Ellis, general counsel at PayU; and Matthew Davie, chief strategy officer of Kiva.”

See Also: Bank of England Governor Carney Defends Facebook’s Libra Stablecoin

“Bitcoin futures contracts grew in popularity last quarter, with the number of open contracts up 61 percent from a year earlier because of growing demand from institutional investors.

Institutional flow remained strong, with 454 new accounts added, compared with 231 added in the third quarter of 2018.

Some 50 percent of the CME’s bitcoin-futures trading volume during the third quarter was outside the U.S., with 26 percent coming from the Asia Pacific region and 21 percent from Europe and the Middle East.”

See Also: Grayscale: Q3 Saw Record High Inflows, Growing Institutional Interest

Virtual assets will include cryptocurrency that allows users to transfer value, like Bitcoin. Ether, on the other hand, could be classified as a technical token, as the entire Ethereum network depends on it to function. The third category belongs to ICO tokens. They will be described as digital finance assets since they often include dividends and other benefits. 

By separating digital assets, the Russian legislative body will be able to apply different rules for each category, depending on their role in the market. Prime Minister Dmitry Medvedev has set the deadline for adopting the bill for 1 November.”

“As of Tuesday morning, it was live on eToro’s trading platform with a minimum $2,000 buy-in. It’s a partnership between eToro exchange and The TIE data analysis firm, who sources their tweets – about 850,000,000 daily.

With an AI system trawling through that massive trove, the network calibrates an optimal crypto portfolio based on the sentiments of those tweets.

At launch, the portfolio included five different crypto assets: 47.24% stake in DASH; 23.92% EOS; 21.86% XRP; 5.01% MIOTA; and 1.97% ETC. It rebalances every month.”

See Also: eToro Twitter Sentiment Index
See Also: Grayscale Wins Approval for First Public Digital Currency Index Fund
See Also: Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

Good interview re EY’s ‘Nightfall’

“The U.S. Securities and Exchange Commission (SEC) is again soliciting comments on a proposed exchange-traded fund (ETF) based around bitcoin and Treasury bonds.

Wilshire Phoenix and NYSE Arca filed an amendment to their ETF proposal earlier this month to address issuance and redemption for the securities and the listing/trading of the fund’s shares. Coinbase Custody will act as the custodian for the bitcoin held by the trust.”

“According to CoinShares, the network launches today with more than $20 million in gold held in a Swiss vault to back up its tokens. Each DGLD token is backed by 1/10th troy ounce. DGLD is built on blockchain firm CommerceBlock’s Ocean sidechain platform.

DGLD combines the stability of the world’s most enduring asset, gold, with the security of the world’s most resilient network, Bitcoin.

CoinShares says the product is available for both retail and institutional investors and will be available in over 200 countries on Blockchain’s cryptocurrency exchange, The PIT.”

“The transactions of over 700 cryptocurrencies are now searchable via the blockchain analytics offering from CipherTrace. That means more than 87 percent of the top 100 cryptocurrencies by volume can now be traced through the API service.

With some 522 million data attribution points, CipherTrace says its platform is uniquely situated to tackle real-world applications like terrorist financing.

Until now, large swaths of the cryptocurrency ecosystem have remained opaque to AML and CTF monitoring.”

“Ford outfitted 10 plug-in hybrid electric vehicles with cellular modems that enable geofencing. As the vehicles enter low-emission zones, they will automatically switch to electric-drive.

The metadata, such as when the vehicle enters or exits a zone as well as the miles driven, will be recorded to a blockchain.

The pilot addresses the issues municipal authorities face in administering and implementing low-emissions zones by transmitting data to officials in real-time.”

The main effect of the halving will be the wiping out of individual small miners, which now account for less than 20 percent of the market. The market is getting less volatile as the main players are becoming larger and larger.

The market is moving towards industrial mining. There are significantly less crypto enthusiasts on the market now.”

See Also: Peter Thiel Backs $200 Million Valuation for Renewable Bitcoin Mining in the US

“OED notes that the word is the most recent addition to its dictionary.

A satoshi is the smallest monetary unit in the Bitcoin cryptocurrency, and is named after Satoshi Nakamoto, the—probably pseudonymous—developer(s) of Bitcoin.

Furthermore, in 2014 the Oxford Dictionary Online, the world’s arbiter on what is and isn’t English, accepted cryptocurrency as a word.”