“The Chinese president’s statements on blockchain are believed to be his first in-depth remarks on the technology. Xi said blockchain technology has a wide array of applications within China, listing topics ranging from financing businesses to mass transit and poverty alleviation.
We must take the blockchain as an important breakthrough for independent innovation of core technologies. [We must] clarify the main direction, increase investment, focus on a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation.
Xi further said it would be ‘necessary to implement the rule of law network‘ into existing and future blockchain systems. To this end, Xi argued for a top-down approach concerning implementation, calling for guidance and regulation.
His speech also called for the creation of “Blockchain+,” a platform alluding to personal development such as education, employment and food and medicinal safety, among other basic needs.”
See Also: Bitcoin Jumps 12% as China’s Xi Embraces Blockchain, Boosting Crypto Sentiment
See Also: WeChat Pay Using Blockchain to Track Payments, Says Binance CEO
“Authorities wrote that Molina Lee’s crimes included ‘laundering dirty money for Columbian drug cartels using a cryptocurrency exchange.’
Polish prosecutors claim that Crypto Capital held accounts in Bank Spółdzielczy in the town of Skierniewice and that Molina Lee and Bitfinex laundered illegal proceeds through the country.
Officers closely cooperated with Europol, Interpol and US services, including the DEA.”
See Also: Bitfinex Denies Laundering, Says It’s a Victim of ‘Fraud’ by Crypto Capital
“Ethereum’s next system-wide upgrade, Istanbul, is scheduled to arrive on mainnet the week of Dec. 4. Istanbul is expected to introduce six backwards-incompatible code changes.
The code changes introduce more pricing adjustments to the ethereum platform, as well as new code operations that application developers can leverage to verify and authenticate blockchain data more quickly.”
“At present, the minimum amount of ether required to become a validator is 32 ETH, which is equivalent to roughly $5,200. Validators with 32 ETH can expect to earn between 4.6 and 10.3 percent in annualized returns at the launch of the Ethereum 2.0 network.
One real innovative and impactful thing [about Ethereum 2.0] is its dynamic pricing.
Even in the ideal scenario of all validators staking 32 ETH in a 1,024 shard universe, the overall network issuance of ether is designed to never exceed 1 percent supply growth annually. This is meant to guard against inflation, and devaluation of purchasing power for the coin over time. Currently, inflation on ethereum is approximately 4.5 percent.
See Also: Vitalik Buterin: ETH 2.0 Driven by Simplified Sharding, Optimistic Rollups and Native Cross Shard Communications (Great Podcast on Eth2)
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“The World Economic Forum (WEF) and seven major mining and metals firms are partnering to develop responsible sourcing and sustainability practices using blockchain. Key areas of collaboration and development will include carbon emissions tracking and supply chain transparency.”
“The number of Americans who own cryptocurrencies has almost doubled in 2019, from 7.95% in 2018 to 14.4%. According to the survey, the average amount out of the totally owned crypto by Americans accounts for $5,447.
More than half of American crypto holders are considered as “crypto polygamists” as 55.4% of Bitcoin (BTC) owners surveyed claimed that they also own another form of cryptocurrency.“
“Following civil unrest, banks everywhere closed their doors. Six working days later, a senior banking executive said the status quo would continue until conditions improved.
The most potent case for cryptocurrencies: banks are never there when you need them. And they are trying to bully the public so they avoid accountability. Bankers are legal crooks.”
See Also: Stanford Prof: Crypto Will Rain on Banks’ Low-Interest Rate Parade
“Bettors on decentralized prediction market Augur are staking $10,000 on Brexit not happening by the end of the month. And the platform rarely lies. Only five percent of those bettors expect Brexit to happen by Boris Johnson’s October 31 deadline.
Augur depends for its accuracy on the theory of the “wisdom of crowds” and—the theory goes—can tap into collective pools of understanding that lone analysts can’t.”
See Also: Will The UK Leave The European Union Before November 1st 2019?
The Disrupt 