#222 Amir Bandeali & Will Warren: 0x Protocol and the Decentralized Exchange Frontier

Click to download audio version Decentralized exchanges have been a holy grail in the cryptocurrency space, since at least the MtGox hack. They promise to derisk the act of exchanging cryptocurrency by leaving custody of funds in the hands of the users. And they should be resistant to regulatory pressure, creating a permissionless way to trade cryptocurrencies. Among decentralized exchange projects, 0x has gained by far the most traction in the short time since launching. Co-founders Will and Amir joined us to discuss the 0x protocol, the emerging 0x economy and the vibrant community they’ve built. Topics discussed in this episode: How Will and Amir started 0x The definition of a decentralized exchange and why decentralized custody is key The 0x architecture Why 0x built a protocol and not just a decentralized exchange The role and business model of relayers The 0x token and its economy The 0x governance process Links mentioned in this episode: Support the show, consider donating: This episode is also available on : Watch or listen, Epicenter is available wherever you get your podcasts. Epicenter is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy. Views: 8,862 Source link

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Enel Refuses to Power Bitcoin Miners

Global energy giant Enel has sharply announced that it has “no interest whatsoever” in supplying energy to cryptocurrency mining operations, say Reuters. The decision comes after a brief period of research in which the Italian company was in talks to supply Swiss mining firm Envion AG with power from renewable sources. According to a Bloomberg report, the discussions with Envion were part of a broader effort by Enel to look at the market for selling power to cryptocurrency miners. >> Mining for Charity: UNICEF’s Ethereum Donation Drive Enel is one of Europe’s top renewable energy suppliers and is also the primary energy supplier in Italy. It explained its decision in a report by Reuters, stating that they have made clear steps toward sustainable energy and therefore “sees the intensive use of energy dedicated to cryptocurrency mining as an unsustainable practice that does not fit with the business model it is pursuing.” The move is sure to disappoint Bitcoin (BTC) enthusiasts in the country, who likely are waiting for some good news amid harsh government crackdowns on cryptocurrencies elsewhere. On the bright side, despite Enel’s aversion to digital coins, they are still keen to explore the applications of blockchain technology in …

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UK Central Bank | Will Tackle Issues Like Crypto Money Laundering

The United Kingdom is really cracking down on the cryptocurrency sector. While other countries and their central banks are welcoming virtual currencies with open arms, the UK Central Bank is putting its foot down. What Happened? Over the past two months, we have seen a lot from the UK regarding cryptocurrencies.  First, Prime Minister Theresa May came forward and stated that cryptocurrencies need more regulation. We also witnessed the UK central bank terminate all of its plans to launch its own cryptocurrency. Not to mention what happened last week. I’ll give you a hint: it involves the UK Treasury and an investigation into cryptocurrency. Today, we have received more news from the UK’s central bank regarding its thoughts on digital currencies – the head of the bank announced during the Scottish Economics Conference in Edinburgh that the bank plans to increase its efforts to tackle the use of virtual currencies in various illegal activities. For instance, cryptocurrencies like bitcoin are being used for money laundering. Similar to what Theresa May announced, the governor of the Bank of England, Mark Carney, disclosed to the audience at the conference that there must be tougher regulations applied to exchanges. Why? Because this should …

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Cryptopia Review – Is it a Legit Exchange?

Last updated on February 8th, 2018 at 05:05 pm Cryptopia is an innovative trading exchange, which was launched by Adam Clark and Rob Dawson in 2014. It heavily focuses on creating a fully immersive cryptocurrency experience for users, making it a one-stop shop for all trading, information, and news. There is a lot to enjoy about Cryptopia—from the massive selection of altcoins to the added functionality of forums and the unique marketplace. In particular, traders based in New Zealand will delight at what is being offered, including the ability to deposit local fiat currency.     In this review, we discuss all the major talking points about the service and its functions. And ultimately, we’ll find out whether or not it suits your cryptocurrency needs. Currency Support Cryptopia’s currency support varies, depending on what you look for in a cryptocurrency trading exchange. The first thing to note is that there are minimal fiat currency options. Deposits continue to be available for users with a bank account in New Zealand, even though NZD deposits and withdrawals are still a little time-consuming. These transactions manually process via an online support ticket. You need to provide bank details on their contact form and …

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16 Government-Approved Crypto Exchanges Forming Self-Regulatory Body in Japan

Regulation 16 cryptocurrency exchanges that have been approved by the Japanese government are teaming up to form a self-regulatory group, following the hack of one of the country’s most popular exchanges. Besides these exchanges, there are 16 “quasi-operators” for cryptocurrencies as well as about 100 firms seeking to enter the market in Japan. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Exchanges Forming Self-Regulatory Body Japan currently has no self-regulatory body. However, following the major hack of one of the country’s most popular crypto exchanges, the need for self-regulation in the country has elevated. Coincheck was hacked for 58 billion yen (~USD$530 million) worth of the cryptocurrency NEM in January. Following the hack, the Japanese Financial Services Agency (FSA) started scrutinizing all exchanges operating in the country. The agency also urges industry players to adopt self-regulation standards. 16 crypto exchange operators are currently fully approved by the FSA. All crypto exchanges are required by the revised payment services act, which went into effect in April of last year, to register with the agency. The exchanges announced on Thursday, as reported by Reuters: Japan’s 16 government-registered cryptocurrency exchanges will set up a self-regulatory body to …

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Let’s Talk Bitcoin! #356 – Privacy on the Blockchain with MimbleWimble

Published on February 18th, 2018 by adam On Today’s Episode of Let’s Talk Bitcoin… Adam and Andreas are joined by Michael aka “YeastPlume”, one of the developers of the GRIN project, a first real-life implementation of the MimbleWimble Privacy Protocol. The discussion covers the MimbleWimble protocol at both a user level (Adam asking questions) and at a deeper level (Andreas asking questions). MimbleWimble also has several layers of interesting origin story, which we get into. This episode of Let’s Talk Bitcoin! was sponsored by EasyDNS.com and was edited by Matthew Zipkin. Today’s discussion featured Michael, Andreas Antonopoulos and Adam B. Levine. This episode featured music by Jared Rubens & General Fuzz. Any questions or comments? email [email protected] Views: 9,283 Source link

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Bitcoin’s Original Promise | Why It Isn’t Living Up To Expectations

The cryptocurrency market is continuing to rebound after a shaky day yesterday. Coincidentally, the Dow Jones plunged a total of 1,100 points yesterday, around 4.6%, which is the lowest since the European debt crisis back in 2011. The stock market corrected itself from yesterday’s downfall, is there a correlation between the two? I really don’t think so. The cryptocurrency market crash plummeted yesterday, due to the Chinese government implementing a regulation completely banning its citizens from viewing cryptocurrency websites, via a government-ran firewall. Many analysts are stating that yesterday’s drop was due to rising inflation and the usual market correction. This shows that there is absolutely no correlation between the drop of the two markets. Back in 2008, the original cryptocurrency, Bitcoin (BTC), and its blockchain were born. It was due to the housing financial crisis, where the banks (due to greed) crashed the entire stock market. Satoshi Nakamoto, the Alias, and originator of Bitcoin envisioned a decentralized digital currency that isn’t controlled by a singular entity – this was Bitcoin’s original promise. >> Bitcoin Price Analysis Bitcoin as an Investment Asset? However, the issue most individuals are having with Bitcoin is that it is failing to live up to its …

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Eco and Uber | How to Get Involved in the Digital Currency for Everyone

There’s a new cryptocurrency coming – ECO – but how is it connected with Uber? According to the report by Fortune’s Robert Hackett, Uber co-founder Garrett Camp is planning to start his own cryptocurrency. The goal of Camp’s crypto is to solve the technical challenges that hinder many current cryptocurrencies, such as the scalability issues of Ethereum, along with other challenges. Camp told Fortune that he hopes to bring crypto back to its origins as “an instant, affordable, and borderless means of payment for the masses.” Camp has long been a supporter and investor in cryptocurrency, but once he began branching outside of the main tokens, Bitcoin and Ethereum, he wasn’t fully convinced. Camp then began brainstorming for a crypto that he would be excited to invest in – one that took a different approach and was a collaborative effort. Eco Camp’s crypto will be known as “Eco.” According to its whitepaper, Eco is “on a mission to build the world’s most usable and reliable digital currency powered by a network of research universities and trusted organizations.” Eco is actively gathering feedback and suggestions from the public to help make the crypto the best it can possibly be. Anyone is welcome …

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Bank Frick | Liechtenstein Gets It’s First Cryptocurrency Bank

Some countries in Europe are against cryptocurrencies, while others are infatuated with it. The latter now includes Liechtenstein, which is a German-speaking country in Europe. More specifically, there’s a family-based bank – Bank Frick, in Liechtenstein that has decided to put all of its eggs into the crypto basket. Bank Frick The world was informed this week that Bank Frick will now allow its clients to invest directly in virtual currencies. This is significant news as this makes Bank Frick one of the first banks in the world to allow its clients to such a thing. This might be a small, family-owned bank, but that doesn’t mean it’s taking any short-cuts. According to the Liechtenstein-based bank, the primary goal is to target institutional and high-value private clients. These clients have to be able to purchase in with the following: Swiss francs, euros, and U.S. dollars. How will it work? Well, here’s what we know so far: all of the crypto assets that are under Bank Frick’s custody will be held in cold wallets. This is essentially a security measure that keeps private keys away from hackers. Further, the announcement stated that clients wanting to invest in cryptocurrencies will not be …

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Bitcoin news summary – Feb 12, 2018

Here’s what happened this week in Bitcoin in 99 seconds. Bitcoin’s price dipped to just below $6000 on Tuesday, its lowest level since mid-November 2017. Tuesday was perhaps the highest volume trading day since late-2015, suggesting that the   of sellers may have offloaded their coins to a fresh wave of buyers. At a hearing held before the US Senate Banking Committee the chairman of the Securities and Exchange Commission focused on the risks of unsound cryptocurrency exchanges and fraudulent ICOs. On the other hand, the chairman of the Commodity Futures Trading Commission focused on the transformative potential of cryptocurrency in general and Bitcoin in particular. The general manager of the BIS – an international bank controlled by 60 national central banks, described Bitcoin as “a combination of a bubble, a Ponzi scheme and an environmental disaster.” On the other hand, the president of the European Central Bank said that EU banks may soon hold Bitcoin positions in the form of traditional financial products based upon the cryptocurrency. Coinbase, announced that they’d upgrade to SegWit during February.Implementing Segwit should have a great impact on reducing transaction fees and overall congestion in the Bitcoin network. Finally, cryptocurrency exchange BitGrail has reported a …

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